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Finances and Divorce – 4 Steps to Prepare Yourself For Divorce

One of the biggest concerns and considerations that come into play during a divorce is the financial impact, particularly on the financially disadvantaged spouse, who may not have a job or career to count on during or immediately following the divorce. It is important to prepare for life as a single financial entity as soon as possible once divorce is contemplated. Here are 4 steps to prepare yourself financially for the process of divorce:

1. Gather all financial documents and make copies of them. This includes bank statements, credit card statements, insurance policies, car titles, employee reimbursement accounts, 401K statements, investment statements, mileage plan statements, property appraisals, loan information, and the like. An attorney can give you a complete list of all the documents that you will need to produce in order for a full financial picture to be assessed.

2. Hire an attorney. If you have significant assets, children, or property involved, it is important to have an attorney on your side to help you make sure everything is accounted for.

3. Get a credit card and a bank account in your name. Getting a credit card while your credit is still combined with your spouse’s is generally a good plan, especially if you aren’t currently working. Put some emergency funds in your personal bank account. Though court orders will typically prohibit your spouse from restricting your access to marital funds, it is wise to be sure you have some money that you have access to for living expenses. Just be sure to disclose this account when financial records are requested by your attorney.

4. Hire a financial planner who specializes in divorce and asset division to help you determine the best asset division plan based on your particular situation. A certified divorce financial analyst can look at future projections of the possible scenarios and advise you as to the best course of action.

How To Create and Market Ebooks

You have surely asked this question before if you are one of these 2 groups:

-a person who heard there is money to be made on the internet, and after a little research discovered that promoting ebooks is one of the most profitable ways to make a living online.

-an internet marketer who is making an income (high/low) by promoting other peoples ebooks, and realized that if you create your own and market it yourself your profits would increase substantially because the commission you would be getting is 100% so it’s all you!

OK so by now if you haven’t realized the things above and you are not part of any group you will probably think “Oh, why didn’t I think about that?”. So let’s get to the point. I am an established internet marketer, and I made a pretty good living promoting other peoples products, but I was always looking for the next best thing, the next money maker. This is not a good way to think, beware.

I decided to switch from marketer to creator and having 0 knowledge about creation I started buying how to create and market ebooks- ebooks. I am very easily manipulated so, if the product had a good looking page I fell right for it. This being said I busted over 1500$ in ebooks with minimal success. I tough creating ebooks is not my thing, the marketing part was ok, having done that for a couple of years, but I wrote crappy no success ebooks.

A friend of mine who was also in the business got a book called “Desperate Buyers Only”. As “strong willed” as I am I immediately bought it, thinking this is the next money making scheme. Alexis Dawes the author, claimed to teach you everything you need to know from 0, to having a great book and marketing it successfully. I tried it out and needless to say it worked. The information was STEP by STEP on the point about everything, she even showed exactly how she did it, apart from other “gurus” out there, that just took my money.

In conclusion after a lot of regret for the lost cash on how to create and market ebooks I finally found something that worked for me, and it’s only because of the exact detail and not the “in general” as others do it. One of the few dollars spent online that I don’t regret.

Finances and Financial Discipline

Generally speaking, everyone knows what to do to secure one’s financial future. However, some don’t take action. What you really have to do is quite simple. First, you have to earn money. Second, you have to spend less than you what you earned. And third, you have to save and invest.

One of the first things you ought to do is sit down one day and write what your expenses are and also what your income is. Then you have to figure out how much you can save and also whether you can cut down on some of your expenses.

Think about ways to increase your income. My drink machine brings me about $3,000 a year. We also have t-shirt and Proshop sales. Take some of the income from these sources and invest.

You have to get rid of all your debts. If you have four credit cards, pay them off one by one, starting with the one with the least balance. It won’t happen overnight, but with financial discipline, it can definitely be done. If need be, cut back on your spending as much as possible while trying to be rid of debt.

Don’t wait for the perfect time to arrive to begin your investments. Today is the perfect time.

You need to open an investment account. Find a company like Schwab or E*TRADE and find an accountant and get involved in your investment account, so as to ensure tax benefits.

The rules for investment are simple. Keep it simple. Pick something that may not give you a huge return, but also carries less risk. It’s a good idea to diversify your investment by investing in mutual funds (which consist of a variety of stocks-some of which will go up and some of which will go down) as well as bonds and treasuries. Don’t jump into investment too quickly. Go in slowly.

Try to automate your investments every month, so that you can be on track toward achieving your financial goals

Don’t be afraid to ask questions. Talk to people who know more than you about the financial world. Just walk into a bank and ask questions. “Well, if I gave you $500, what can you make it do for me in five years?”

Don’t be afraid to invest just a small amount. But make sure you do it all the time.

My advice to others is that if you don’t know where you want to be, you won’t get there. So analyze your goals. And then take the steps to get there. Make sure your goals are realistic.

Figure out an age for retirement or at least an age where you’d like to be prepared for retirement. This will make it easier for you to figure out how much you have to invest every month in order to reach that magic number. I use a website called http://www.mycalculators.com. This shows you how much you would have in the long-term along with your interest, if you invest a certain amount every month.

If you have kids, you have to figure out if you’d like to save money for their college education, and also if you would like them to inherit money after you pass away.