How — and When — to Walk Away from Money

About two years ago, a friend of mine asked me to help him start his own business. "Hey, Michael," he said, "you've helped practically everyone we know in some way. Why not help me too?" Of course, I agreed to do it. I made some phone calls and put together a small...

Are You Paying Too Much in Property Taxes?

  If you make one of the following four common mistakes, chances are you're paying more in property taxes than you should: 1. Not properly "homesteading" your property with the local tax authorities. "Homesteading" is basically the process of letting the county...

Who Makes The Big Money?

You can live very well, and even become financially independent, by earning between $100,000 and $150,000 a year. So, how do you boost your income to that level? According to a CNN/Money series titled "Who Gets Paid Six Figures?", the best-paid workers in the U.S. are...

Determining the Value of a Small Business

CB: Let's start with the basic question: Is there an easy way to figure out a fair price to pay for an existing business? MM: Yes -- but only if you have all the right information. What you're talking about is a "business valuation" -- and there's a whole accounting...

Pay a Good Price for Every Property You Buy

In Message #993, I discussed several techniques for financing low-money-down real-estate purchases. Today, I'm going to describe one technique that will help you quickly determine how much a property is worth. Use it and you'll never have to rely on a broker's...

Close More Sales by Quoting a Price Your Buyer Can Afford

In the movie "Tin Men," starring Richard Dreyfuss and Danny DeVito, an aluminum-siding salesman goes into a car dealership to buy a new Cadillac. "How much is it?" he asks the car salesman about the car he wants to buy. "How much do you want to pay?" the car salesman...

Buy A Car, Not A Financial Burden

  If you're looking to buy a new car, you might be offered a longer and "cheaper" loan. Don't be suckered in -- it's bad business all the way around. I know it doesn't sound that serious, but consider this: According to Edmunds.com, 40% of new-car buyers owe more...

Investing in Your Own Business

Yesterday, I urged you to resolve to increase your family income by between 10% and 25% this year. The way you are going to do that is by developing a financially valuable skill -- selling, marketing, or profit producing. That resolution, by the way, applies even if...

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