Dynamic Financial Training

Maybe you do and didn’t know know it… did you know that the government could be holding money for you or a loved one?

Currently, more than $15 billion worth of savings bonds have matured and are sitting unclaimed by their owners, according to the U.S. Treasury. Unfortunately, you can’t go to your State Treasury Department to see if there’s bond money waiting for you. Visit this website www.treasurydirect.gov to find money for yourself or a
loved one.

The government may also have some special benefits or grants waiting for you, especially if you’re a student, veteran or considering adopting a child. Visit www.benefits.gov

Lastly, if you or a family member ever worked for a company with a pension plan that was terminated, the company went bankrupt, or it was bought out by another company, you may be eligible to receive benefits from the Pension Benefits Guaranty Corporation (PBGC). In recent years, PBGC held $133 million in unclaimed benefits for 32,000 people. That averages to nearly $4,200 per person. Visit http://pbgc.gov/

Stay tuned for more great financial tips. . .

In our continuing desire to help churches & organizations create new streams of income we are pleased to announce our partnership with COGIC’s Church Growth Department in running “COGIC Family TV” tonight at 6pm!!! (www.COGICFamilyTV.com)

COGIC Family TV is the brain child of Bishop Otis Lockett Sr. the overseer of their Church Growth Department. The Network is not just for COGIC churches!

COGIC Family TV is a 24 hour 7 days a week “Internet TV Channel” featuring four different types of programming each designed to strengthen the family and expand the Kingdom of God. The different programs each represent about 25% of the programming time will be:

• Preaching and teaching  the Word of God from a stellar list of Ministers

• Educational programming addressing issues like the family, women, finances, health, parenting, technology and more from professionals, business owners and the Clergy

• Entertainment through Music & Drama Ministries and Christian Comedians

• Wholesome family programs like I Love Lucy and your favorite cartoons

These shows and programs will be scheduled just like “regular” TV with specific time slots daily. So instead of tuning into TV you can tune into COGIC Family TV when your favorite program(s) airs.

With the advent of technology, COGIC Family TV can be seen on PC’s, Mac’s, Tablets, I-Phone, Smart Phones and other mobile devices.

Additionally, new technology will allow viewing of COGIC Family TV on your “regular” TV using ROKU and Apple TVs. (Samsung TVs are currently manufactured with ROKU access)

Of course COGIC Family TV will be viewable on the website at www.COGICFamilyTV.com

If you would like more information on how you can obtain a program on COGIC Family TV (rates are very reasonable) or want to be added to our email list call us at 336.272.7373 or email us at cogicfamilytv@dftnews.org. Prime spots will go quickly so contact us today!

COGIC Family TV

“Be inspired wherever you are!”

Have you checked with your insurance company to see if they have gone public?

Several years ago, many large insurance companies, including MetLife and Prudential Financial, went through a process called “demutualization” that gave policy holders shares in the company when it started trading publicly on the stock market. Those shares
could be redeemed for cash.

Contact your insurance company today and see if they are publicly
traded. When you review unclaimed property sites such as www.MissingMoney.com you will find a lot of people who own shares of stock but are unaware of this. Now that you know, you can inform others.

Stay tuned for more great tips. . .

Don’t be like most people who go their entire lives and never discover their passion. Your passion is something you are obsessed with doing that no one has to motivate you to do!

Here is the process for creating money:

1. Discover your passion
2. Perfect your passion
3. Create a team who believes in your passion
4. Convert your passion into a business (You are part of my passion)

NOTE: Perfected Passion Produces Prosperity!

Do you presently contribute to a retirement plan that allows you to adjust your contributions?

If you have a retirement plan that allows you to adjust your contributions, that’s GOOD! If you can adjust your contribution and still qualify for the company’s maximized match, that’s GREAT!

Let’s say you contribute $300/month and your company only matches up to $150. For a season, you could reduce your contribution to between $150 and $200. You just created $100-$150 per month, minus the applicable taxes.

Make sure you know the timeframes when you can adjust your contributions. The goal is to free up as much cash flow as possible and invest wisely once you understand your options. Retirement plans that are fully funded, with a good company match and wisely invested are a great way to build wealth. You also want to be sure to find out if your retirement money can be rolled over into another retirement account if you should leave your current place of employment (e.g.“Rollover” Self-Directed IRA).

Stay tuned for more great tips. . .

The tax filing deadline will be here before you know it. Most people wait until the last minute to do their taxes and for various reasons. One reason is because they normally owe. That doesn’t have to be you!

In reference to taxes, people have been conditioned by the system to think, “As long as I don’t owe the IRS, I’m fine”. Instead of saying, “What can I do legally to pay less in taxes and get some or all of the money that was withheld from my paycheck, AND stop the IRS and State from keeping it?”

The answer is tax planning and an Affiliate and home-based business!

Let’s talk about keeping more of what you allow the IRS and State to withhold:

Taxes withheld – $6,000
Tax Refund (projected) – $2,400
What you allowed the IRS to keep – $3,600

The best way to receive all or most of the $3,600 back is to do tax planning (this is not just for the rich; it’s for those who want to be rich) and establish an affiliate-based business that’s in pursuit of profit.

Let’s look at a brief example:

Gross wages from job – $40,000
Schedule A (Itemized deductions) – ($15,000)
Exemption – ($10,000)
Taxable Income (before a business) – $15,000
Business loss – ($12,000)
New Taxable Income – $3,000

Tax savings due to a business loss of $12,000 @ a 20% tax rate (estimate) equals $2,400!!! So, of that $3,600 you allowed the IRS to keep for years, you now get it back because of an affiliate-based business. You receive $2,400 and they keep $1,200.

Wanna know the best tax tip… EVER!

Look at every way you spend money and develop a legal way to make it tax-deductible.

If you want to see how competent your tax professional is, make that statement to him or her and see what their response is.

If you pay estimated taxes, the same rules apply. You want to reduce the amount of the tax payments based on tax planning and an affiliate-based business. A reduction in payments also creates money.

Stay tuned for more great financial information…

Do you own stocks, mutual funds or CD’s?

If so, did you know that by placing at least $2,000 of stocks, mutual funds, and sometimes CD’s into a stock brokerage account you can borrow against it up to the value of the securities (regardless of your credit scores) or even buy additional stock?!

This is called a Margin Loan. Before you do this, you’ll need to discuss it with your Stock Broker to obtain a complete understanding. This can also be done at discount brokers.

You are not selling your assets so there are no tax consequences and there is never a credit check! Your securities make this a fully collateralized loan. The interest is about 10% and there is no regular repayment schedule. The loan is based on the value of the assets so if they change in value so does your borrowing ability and amount. If you don’t have the assets, find a friend who does.

Stay Tuned for more great tips. . .

Unsecured debt includes credit cards, medical bills, outstanding balances on items repossessed, Private Student Loans and signature loans where there is no collateral.

Here at Dynamic Financial Training we have Debt Negotiation attorneys that can do the following to free up money and help accelerate debt elimination. You could do this yourself, but the results are much better with an attorney.

DFT’s Attorney will reduce your unsecured debt and the payments by up to 50%!! The average person’s payment will decrease by over $200 per month, save over $50,000 in interest and be debt free approximately 7 years sooner!

TOTAL SAVINGS OF $76,593

Your credit will be negatively impacted for a while, but the question you must ask yourself is, “Right now, what do I need most, good credit or more cash flow and debt elimination?”

Obtain your free Debt Negotiation consultation with our attorneys by calling us at 336.272.7373

Does your mortgage presently include Private Mortgage Insurance (PMI)?

Private Mortgage Insurance is insurance you pay without any benefit! It protects the lender in the event your house goes into foreclosure — it protects the lender from losing money. You pay the premiums and the lender receives the benefit. Something seems wrong to me! PMI is charged on loans if you don’t have a specific amount of equity in your home (e.g. 20%). Equity is the difference in what the house is worth, minus the outstanding loan amount. Once you have that specific percentage of equity, the PMI charges should stop. See if you can stop PMI by proving you have 20% equity in your house! You will have to fight for it in many cases, but it’s a battle you can win.

Consider this:

• Lenders are only looking at the amortization balance not market appreciation (if any) and outstanding balance. So, if homes in your area have gone up in value (some areas have), this works to your advantage. Inform the lender. They will require some documentation

• Study the outstanding balance and FMV of your property to determine your 20% equity. You will have to fight! PMI can apply on all properties, even your rental properties

Stay tuned for more great financial tips. . .

Does your lender escrow your taxes and insurance?

Escrows are when you authorize your lender to take out money monthly for your taxes and insurance every time you make a mortgage payment. They hold this without paying you interest until the annual bill is due; then they pay it. If you had designated this same money to be applied to principle and you paid the fees annually, this extra money could reduce your mortgage from 30 years to about 10-15 years. This would have saved you close to $100,000. Here is the idea to create money now. Request that the lender let you pay your own escrows. The best time to do this is just after they have paid your expenses for the year. Let’s see what the payment might look like ($100,000 at 8% for 30 years):

• Principle & Interest $800

• Homeowners Insurance $75

• Property Taxes $150

• Total Payment $1,025

If you stop the escrow, you would have a new monthly payment of $800; thus, create $225/month in new cash flow. The escrow will need to be paid annually so you must develop a plan to pay it next year when it is due. It’s like an interest free loan to you!!!

Stay tuned for more great financial tips. . .