Don't Blow Your Tax Rebate!!
Show Me How To Launch 6 Streams Of *Automated* Affiliate Income Streams In Just 24 Hours!Make a wise choice with your proposed and likely Tax Rebate. Do
not follow the crowd and buy that big screen TV which will be
worthless in a few years. The plan to stimulate the economy
looks to have the right numbers that people in the US have been
waiting for: $600 for individuals and $1200 for couples.
The verdict is not in quite yet and has limits, however it looks
like many who paid taxes in 2007 will get a Tax Rebate in the
mailbox this tax season. Some details below:
-Individuals who paid income taxes would get up to a $600 Tax
Rebate
-Working couples $1,200 and those with children $300 per
child in Tax Rebate's.
-Workers who made at least $3,000 and paid no taxes would
get a $300 Tax Rebate.
Up to 116 million households may see rebate checks, under
the plan. Rebates will be phased out gradually for individuals
filing income exceeding $75,000and Couples filing income
more than $150,000, under the plan. Individuals filing
incomes up to $87,000 and couples filing income up to
$174,000 would receive partial rebates. The caps are likely
to be higher for those with children.
So the million dollar question--Will you Blow your Tax Rebate
it or keep it?
Lets say you get a check, are you going to run out and spend
it the next day?
Here are some better long term idea's that will in the authors
opinion do the most good for you. Start the emergency cash
account with a goal of $1000 that you will not touch. Used only
for emergencies such as unexpected car bills.
Obviously you can not retire on $600 0r $1200 but adding
your Tax Rebate to your retirement is definitely not a bad
idea. If you still have many years until retirement the addition
of even the smallest amounts gets you closer to your goals.
Pay your debt down. If you have high debt this is the best
option for you. The sooner you get out of debt the better.
Being debt free should be your main goal. Once out of debt
you can put more into saving and retirement, again propelling
you faster to your retirement goals.
If you have a dire need for a large expense like new tires on
your car, dental work, or a large insurance premium coming
up you could ease the pain by using your Tax Rebate to help
cover it.
Finally however not exhaustive, make an extra mortgage
payment. A $1,000 extra payment this month on a 30-year,
7% mortgage would save $4,000 over the life of the loan.
What ever you do remember this, people who are wealthy
put money into things that grow in value and people who are
poor put money into things that do not grow in value with the
mindset that they are putting money into things of value. Its
the difference between buying a stock in a good company and
a VCR. One is an asset and the other is not.
posted by Bryon Zirker @ 9:37 AM
0 Comments:
Post a Comment
<< Home