The Eighth Key to Wealth is Modelling.

Modelling allows you to see the finished result and is connected to dreams and goals. An example is if you are looking for a new dream home, you can look at plans, but it is easier to understand if there is a model or a full sized show house.

You can also build a model to project how your business will grow.

You can use a model to duplicate a successful business by replicating a successful business, and in the same way when you find success you can encourage others to replicate your model.

Tomorrows Home Business is based on a model developed by Dr Raymond Jewel and Al Gonzales, which uses a TriVita health and wellness business as a way to produce future wealth.

When using models you must ensure that you follow the full specification on which the model is based otherwise you will not get the same result. Imagine a house built with sea sand added to cement instead of builders sand, the house will collapse (it happened here in Malaysia)

David Ogden
TriVita Independent Business Affiliate 13142173

Phone 1-386-308-1956

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TriVita’s ten key steps to wealth explains in simple terms how anyone can create wealth and in this series I will lead you step by step along the way. The 10 Key to wealth was published by Michael Ellison, the CEO of TriVita Inc in 2007.

The fourth Key to Wealth is income stream.

You have heard many people talk about the importance of income streams, which can fall into one of three categories.

1. Personal Compensation – the most common type of income if you have a job, you are paid for what you do, this income is limited by your skills and knowledge and the fact there are only 24 hours in a day.
   
2. Hiring People – getting people to work for you can provide you will with additional income streams, but once again income derived id limited by the hours in a day
   
3. Residual Income – the only true way to build wealth, for example if you have a product or services which can be sold or used by many people time and time again, and on which you can earn a commission this will provide unlimited income.
   

Sometimes a particular income stream will fail, but provided you continue manage and replace them your income stream will grow exponentially.

TriVita’s business model is based on multiple income streams, as both customers and business affiliates can earn commissions from introducing Trivita products to other people and business affiliates may purchase further customers to increase their residual income.

David Ogden
TriVita Independent Business Affiliate 13142173

Phone 1-386-308-1956

Skype Seadogs11

Get Super B Today

http://trivita.com/13142173

TriVita Home Business

TriVita Health

I Get Going Today

AARP members are recommended wherever possible to reduce outstanding debts and to start living within their means. The few AARP members who are debt free are the lucky ones and are in the best position to be able to take advantage of market situations. The Majority need however to sit down over the holiday period and examine their finances.

Perhaps house owners with a large mortgage would be better to sell off and rent property instead of servicing a large debt. Use public transport rather than cars.

Spiraling credit was a root cause of the financial problems that beset AARP members. Credit cards are an expensive way of borrowing money, so it is important to pay off more than the minimum every month and if possible stop using a credit card and plan to replace it with a debit card once the balance has been paid off.

AARP members should seek out cards which offer zero percent on balance transfers which will help pay of thier dept earlier and avoid paying high interest rates.

David Ogden – Tomorrows Home Business
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AARP Finance – “There are Americans showing up to work in the morning, only to have cleared out their desks by the afternoon. Retirees are watching their life savings disappear, and students are seeing their college dreams deferred. These Americans need help, and they need it now.” President-elect Barack Obama said Saturday offered an outline of his economic recovery plan and jobs were the top priority.

The question on many AARP members is will it be too little too late. details of the plan are nor know but will include rebuilding infrastructure such as roads and bridges and building alternative energy resources for when oil prices rise again.

Like the financial market it will take time for the results to filter into the economy and in the meantime GM will probably go bankrupt at the the end of the year. Supporting British Leyland during the last financial crisis cost the UK taxpayers $900 million and still the company failed. so perhaps the big three in in the USA should be left to their own devices. One has to wait an see how this issue will affect AARP members.

David Ogden – Tomorrows Home Business
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AARP Finance – This week has started as last week ended, with more countries officially in recession, this time its Japan the second largest economy. Stock markets continue to slide around the world.

The G8 meeting in Washington agreed that more government spending will be required on a global basis to kick start the economy, but there will be a high price to pay in the future.

Closer to Home Citybank are predicting further job loses of around 50,000 on top of the 23,000 laid off in the last year, as its attempts to get its house in order.

The Gloomy news for AARP members is expected to continue for some time and is not good with winter approaching, which normally results in increased costs. Hopefully fuel costs will not rise again as at the moment production of oil is outreaching demand, but that could all change with a cold winter snap.

If AARP members are facing being laid off they may be able to negotiate with their employer, to reduce their hours by working part time or working from home on a contract basis.

New jobs are harder to come by for older AARP members and they need to perhaps think outside the box and follow up with different ideas for bringing money from another source.

David Ogden – Tomorrows Home Business
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AARP Finance – Why Enrol in a 401(k) Plan

Your 401(k) plan enables you to automatically take advantage of tax-deferred growth. With gradual elimination of most defined-benefit pension plans and great uncertainty around Social Security, saving for retirement on your own is increasingly critical.

How to Enrol in a 401(k) Plan

Although some companies automatically enrol employees in their 401(k) plans, you may need to complete a simple form to participate in your plan. You’ll determine how much to save and select your investment options. Don’t worry! The amount you save, the way you invest, and even your continued participation in the 401(k) plan are all decisions you can change at any time.

A 401(k) Plan is Employment-Related

You can only participate in a 401(k) plan if your employer allows you to do so. Your employer must both offer a plan and you must be eligible to participate. Therefore, you cannot set up a 401(k) plan on your own. (However, if you work, you can establish an Individual Retirement Account (IRA) privately. If you’re self-employed, you’ll have other retirement planning options as well.)

Contribution Percentages

The amount you save in your 401(k) plan is often called your contribution percentage. If your gross pay is $3,000 and you’d like to put $300 of each paycheck into your 401(k) plan, you’ll need to indicate a contribution percentage of 10%, since 10% of $3,000 is $300.

Contribution Limits

For the year 2008, the most you can contribute to a 401(k) is $15,500. If you are 50 or over, you may contribute a total of $20,500. Your employer may further limit the amount you are eligible to contribute. Note that IRA contribution limits are completely separate.

Contribution Deadline

Unlike an IRA, there are no deadlines for contributions. However, the sooner you enrol, the sooner you can begin tax-deferred saving for your retirement.

Tax Deduction

Every regular 401(k) contribution immediately reduces your taxable income. For example, an individual in the 25% tax bracket who makes a $100 contribution to her 401(k) plan will immediately save $25 in taxes. (25% x $100). Although her 401(k) balance increases by the full amount of her $100 401(k) contribution, her paycheck only decreases by $75! Unfortunately, a 401(k) contribution does not reduce the amount you must pay in FICA and Medicare taxes.

Tax-Deferred Growth

Since the money in your 401(k) plan grows tax-deferred, you do not pay taxes on the earnings in the account. In fact, you do not even report the income to the IRS. It is not until you take your money out of the 401(k) plan, ideally during retirement, that you owe taxes.

Investing Your 401(k) Money

Investing your 401(k) money is critical to its long-term growth. Your investing strategy should change over time. The younger you are, the more aggressive your asset allocation should be, meaning increased ownership of stocks. As you near or enter retirement, your 401(k) balance should begin to reflect the reality that distributions are not too far away, and you should have a smaller share of your retirement money invested in stocks.

No Income Limitations

Unlike many other tax deductions and credits, eligibility to contribute to a 401(k) plan is not restricted by any maximum level of income.

Employer Matching Programs

Many employers provide matching contributions to their employees’ 401(k) plans. In an employer matching program, the company puts money in the 401(k) plan of each individual who also contributes to their 401(k) plan. If you choose not to participate in your 401(k) plan, you typically forfeit this matching contribution. That’s why not participating in a 401(k) plan up the level an employer matches is often called turning down free money.

Required Distributions

In most cases, you must begin to take money out of your 401(k) plan starting with the year after you reach 70 1/2. The required minimum distribution amount is determined by the Internal Revenue Service and is based on your life expectancy.

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Many AARP members like others around the world are in financial difficulties as a result of borrowing more than they can afford to pay back.
I can remember the days day when the maximum you could borrow for housing finance was 2.5 times the amount of you income, and to be honest that worked for me.

The problem now for the likes of AARP members is that that a town house in the 70’s cost around $20,000 but is now valued at at $ 2 million and there is now way wages could have ever kept up.

All right now recommended borrowing for AARP members is between 25%-30% of the gross monthly household income says Lawrence Yun, chief economist for the National Association of Realtors in Washington. But some AARP members have taken out low cost start up finance which escalates over time and so are now needing to set aside 40-50 percent of their gross monthly income to cover housing costs.

AARP members are not alone around the world house prices increase faster than wages and many countries such as the UK have seen property prices crash leaving negative equity situations. Maybe speculators who drove the markets up will suffer losses but many other innocent AARP members will also suffer as well.

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Many AARP members wonder if their “senior moments” might be signs of Alzheimer’s. Dr. Murali Doraiswamy of Duke University has written a new book, “The Alzheimer’s Action Plan: The Experts’ Guide to the Best Diagnosis and Treatment for Memory Problems,”

Doraiswamy describes screening tests, how to differentiate Alzheimer’s from other types of dementia, and how to tell normal forgetting from problematic forgetting. He also reviews the latest prescriptions for slowing memory loss in Alzheimer’s patients.

Most important, he emphasizes, is for AARP members to detect the disease early, before major damage sets in. Early warning signs to watch for include:

• The memory loss is getting progressively worse.
  
• Friends and family are urging you to get a checkup.
  
• You can’t remember what you forgot. Whole pieces of your past experiences are missing, and your memory can’t be jogged.
  

It has been proved that sublingual B-12 can improve memory retention and can reduce the risk from the disease. If AARP members actively aim to protect their memory retention by attending memory clinics and taking extra vitamin B-12, they will enjoy a better lifestyle in their senior years.

Research is ongoing to the find genes which cause and might prevent Alzheimer’s but at the moment there is no cure.

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AARP Financial has responded to public concern with Mutual funds with the following statement:-

AARP Financial recognizes that recent events in the financial markets are causing concern among investors. For those invested in money market funds, you may also be questioning the safety of your investment. We want to reassure you that your investment in the AARP Money Market Fund remains a conservative, low-risk investment and that you have quick access to these assets if and when you need them. In addition, I am pleased to report that the AARP Money Market Fund is now enrolled and currently participating in the Treasury Guarantee Program.

Richard M. Hisey
President, AARP Financial Incorporated

Well that way the good news, the bad news for AARP investors is that since June the values have fallen as the financial markets have been brought to thier knees. you money is safe but not worth as much.

AARP members need to take action and look for ways to diversify their future income streams, like members of Tomorrows Home Business.

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AARP report that stocks and shares around the world continue to fall during early trading in Asia. Pakistan and the Philippines are both looking towards the IMF to help bail them out. Corporate organisations are already re-forecasting their yearly forecasts.

It seems there that it is going to be a long time before matters are going to improve, with Thanksgiving and Christmas fast approaching it seems there will be little to cheer about.

Companies world wide are tightening their belts and it will not be surprising if they start laying of older workers which will concern AARP members, because if they are forced to retire early it is a very bad time to purchase annuities.

AARP members have already voiced their concerns with candidates in the upcoming USA elections, but it will be sometime before any changes will filter through the system. The problem is that support for banks has to be paid by someone and its usually puts pressure on other taxes.

The only clear way for an AARP to get out of financial difficulty rests with them taking matters in their own hands and to build a business for themselves, but this is no quick fix option it will probable need five years or more of work to build a worthwhile income.

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