Help Out the Kids Without Hurting Your Retirement

As parents, we want nothing more than for our kids to succeed. Often, we wish to give our children a “leg up” in their transition to adulthood by helping them out with larger expenses, such as tuition for post-secondary education, a down payment on a home or even a reliable vehicle. If you find yourself in this situation, be sure to carefully consider where you take that money from so that helping your kids doesn’t hurt your retirement.

For people who don’t already have savings set aside for their kids, such as an RESP or a savings account, there are generally two options:

1. Retirement savings. Tapping into your retirement savings may be the quickest way to access cash but it could have some undesirable consequences. For example, you’ll be charged taxes on a withdrawal from your RRSP and you’ll lose that contribution room forever. You’ll also forego any future growth on the amount you’ve withdrawn, which will most likely mean you’ll have less money available at retirement.

2. Home equity. Some people are reluctant to take on more debt in the years leading up to retirement. However, using a home equity line of credit to help out your kids may be the wiser choice in some instances. Here’s why: you won’t be charged any tax when you access your home equity and your existing retirement savings can remain intact and continue to grow. Some accounts will even allow you to track different portions of your debt separately. This can be particularly useful if you’re providing money to more than one child and/or if you wish to track the interest charged for different portions of the debt.

Why You Must Understand Financial Literacy

Financial literacy is the knowledge necessary for managing your personal finances. This is indeed a necessity for financial health. It will create a perspective that will allow you to avoid financial pitfalls. Most importantly, this will help you come up with wise decisions involving your hard-earned money. Experts highly emphasized that if you understand financial literacy, you’ll be able to make excellent choices and come up with a very strong financial management habits.

Financial Facts

When children leave their homes for college, they will certainly face a lot of new responsibilities, experiences, and environments. In order to help your student in this transition, they must be aware of the financial facts of life. These include how to open the first checking account or perhaps how to make the first purchase using a credit card. They must be ready to enter the world of becoming independent. Most people today view managing money as a symbol of independence and maturity.

Make sure that they fully understand the fundamentals of personal finance as this will guarantee that they know how begin their financial future. As a parent, be aware that you are the most important source of financial education for your young ones. Though it is not easy to talk about money, discussing personal finance with your children will show that you see them as responsible young adults.

Great Tips For Interacting With Your Kids About Money

Approach the conversation with an optimistic attitude.
Since laughter can help, consider lightening the mood with a joke.
You must set a tone of openness, trust, and confidence.
Ask several questions, and be sure to listen to the answers carefully.
Do not make it look like a lecture but an equal exchange.
Do not bring up an old financial disagreement.
Ensure that your kids know that they can always turn to you in case they will need financial help, information, and advice.
A great way of teaching your children about the fundamentals of finance is to develop a budget for college.
How To Develop A College Budget

List your regular monthly expenses.
Know your total income – these may include part-time job, financial aid refunds, and allowance.
Subtract your expenses from your income to determine if the budget is reasonable.
When the expenses are more than your income, you must work together in order to reduce your expenses until the numbers agree.

Financial Irrelevance to God by Those Missing the Real Treasure

Money is manmade and has nothing to do with the way God sees the world. Wealth is an addiction created by greed and those who engage in it are unlikely to be a part of the inheritance of the great treasure at the end of the day. Following my reincarnation and with a strong link to the Spirit of the Universe, the only real God, it commissioned me to tear down the wall of blindness and bring in the harvest. In a vision a great treasure was shown to me buried deep under the ground.

The meaning of the treasure haunted me for some two to three weeks and my pleas to be shown what it implied had no effect. That is until one day while praying with a minister at the Order of St. Luke’s Healing Service where we each asked for something special. He asked for the healing of one of his charges in a nursing home. My request was to be shown the meaning of the treasure.

On the way home the Spirit led me by a different route which took me past a friend’s house. She is a spiritual person and we were often drawn together for the purpose of serving God. Nearing her door the tears started and they were flowing full pelt when she opened it. Ushering me into her lounge room the tongues started and they poured from my mouth in an unstoppable fashion.

As soon as they ceased my friend jumped to her feet with the interpretation. The Spirit told us that the treasure was buried by the churches and that they lie and hide the truth. It informed us that it would be I who would unearth the treasure and return it to the children from whence it was stolen.

Over months of working in the Spirit and with healing miracles part of my work the treasure has been shown to me. It is the truth and the knowledge of how religions have stolen the name of the real God and given it to the false God of religion, Jesus Christ. He was the image put up by Constantine who established the Catholic Church in 325 AD.

The wall was built by the first beast, the sun, and strengthened by the emperor who was an Amorite by inheritance. The Amors inhabited Babylon and stylised the sun-star into a woman named Mary. Men considered they could ‘marry’ Mary by dying on a cross at dawn and rising with the sun into the heavens. Constantine reinstated her as the Mother of God and his new religion was based on it and the Islamic rituals of Islam.

He buried the treasure by denying the children of Israel the truth and he hid the way to gain access to the Spirit of the Universe. The Vatican then banned reincarnation and anyone who went against its orders were murdered. The emperor introduced the systems that control governments, the law, military, religions, and the economy. He is 666 and identified as such in a vision shown to me and in Revelation 13:18. Money continues to separate those seeking knowledge of God from the Spirit.

High Ticket Affiliate Marketing

I started learning about affiliate marketing several years ago. I had bought a digital product in the form of an eBook from eBay. It seemed like a good business model straight away since the sales were automated, and the product could be downloaded instantly. I looked to do the same thing and created a few of my own eBooks to sell online. However, I struggled for a number of reasons.

But the thought of an automated business system never went away. I continued to look into the idea and this led me to the business model of affiliate marketing.

Affiliate marketing is a form of referral based marketing which rewards the affiliate for a sale made on someone else’s website. Anyone can learn how to become an affiliate marketer. What drew me to affiliate marketing was the potential to work for myself from my laptop, without the need to actually handle products or even speak to any customers!

It was also the sheer scale of potential to earn income from digital sales worldwide.

In the first instance, after I created an eBook myself, I couldn’t get anyone to see my content. I figured people would just buy from a website once I had thrown it into the ‘cyberspace’ of the internet world. I suspect many people make this same incorrect assumption.

The truth was a little hard to bear after a number of failed attempts to promote digital products online. However, my first success came after selling a website building program I had used. I created a free blog from a site called hubpages.com. I wrote about the product and created a product review. This is a simple strategy which many affiliate marketers use to make money on the internet. It works if they can get their content seen by the right audience.

My first sale only made me $40 though but at the time it was huge for me. It was a breakthrough which spurred me on to keep going. For me, it wasn’t just $40. It was the future of my earning potential and the ability to earn from the internet without a boss or a crummy job; something which I was desperate to escape having to do!

Nothing much happened after I made my initial sale. I went from one strategy to another and kept getting distracted by shiny objects which promised more money for less work! It wasn’t until I discovered high ticket affiliate programs that thing really stepped up a gear for me.

Within a few months of joining a high ticket program, I was able to make two high ticket sales after advertising on Facebook. It was absolutely amazing and I thought I’d made it! I rested on my laurels though and because I didn’t have a steady income at the time, I pulled the money out, not even thinking about continuing the marketing.

After that I spent all my time focused on content marketing for a while. Content marketing is a pretty slow strategy but I did get some results from it. It was much, much slower though than the paid marketing I had done previously.

Until I had gained some more confidence in what I was doing, I hadn’t put more money into paid marketing strategies again. When I eventually did, I had another major success. High ticket programs can give you huge commissions, depending on how you position yourself in a business system. Products valued up to $20,000+ can earn you 40% commissions on a single sale.

I had a range of these products within my sales funnel but I didn’t have the right mindset or knowledge to trust the journey I was on! I was too scared to spend money on advertising for quite some time. When this changed, so did my business – dramatically for the better.

The power of subscription products also suddenly came into my awareness. Although I had this sales funnel, I didn’t understand it for a long time. It is ‘geared’ to pay you in multiple ways. Subscriptions are just one strategy which can pay you again and again for work done previously.

With subscription products, you sell something once, and it pays you an income – potentially for life. Even a small subscription commission month in month out, can be far better than the odd sale here and there of a much more valuable product. Over time, and as your number of memberships grows, your income grows too.

Multi-tier sales are another feature of the best high ticket affiliate programs. With multi-tier, you can earn commissions based on the sales of your referrals. This means that if you sell membership products of a certain business system, your members sales count as your own and you get a percentage of the commission.

Up-sells are another component of a good high ticket sales funnel. A good sales funnel will have a range of products which you can earn commissions on. You don’t need to sell every product personally because an in-house sales team will do this for you. Simply refer people into your sales funnel and let the funnel do the work.

As an affiliate marketer, your main focus is on marketing. With the right business model, you can earn in multiple ways for having referred customers to useful products and services which will be of value to them.

My journey to find the high ticket affiliate programs was a long one filled with a lot of failures! I tried selling smaller valued products in a variety of different ways. I used organic content marketing strategies and paid strategies to market products. But it wasn’t until I discovered the right business model that things changed for me.

With a good business model you can have more confidence in your marketing strategies. With the right training and mindset, you can accomplish a lot more in a shorter time period.

So, if you want to be an affiliate marketer, I would recommend looking at high ticket affiliate marketing. It is still a business and like any business it takes hard work and motivation to keep going and to make it work. But it takes the same amount of work to fail many times if you face in the wrong direction from the start!

Older posts »