Special Report Update
Mark Hendricks
April 14, 2005
Special Report Update
Read this entire page, it’s very informative
Hi,
Mark Hendricks here with a very special update.
Since this newsletter is arriving the week taxes are due in the U.S., I thought this would be a good time to run an article giving you some tips and hints on how to get your personal financial records organized–especially if your financial filing system is nothing more than a bunch of random financial papers in a beat-up shoe box.
I decided to ask an expert in the field of finance to share an easy system to help you get your financial paperwork under control. Leo J Quinn Jr. is the man! Leo is a financial educator from the Albany, NY area. For over eight years he has been helping thousands of people get control of their finances.
Speaking of getting your finances under control, Leo has a wonderful program that can help you pay off all your bills, including your mortgage, in less than 10 years. And you won’t have to pinch pennies, get a second job or cut back your spending in any way.
Since I believe this product is so valuable, helpful and down-to-earth, I would feel I was doing you a disservice if I didn’t let you know about it. I highly encourage you to take a few minutes to learn more.
Just visit: http://www.hunteridge.com/leo.htm
Enjoy Leo’s article and be sure to file your taxes on time (or at least file an extension)!
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Organizing Your Finances
Thinking Outside the (Shoe) Box
by Leo J. Quinn Jr.
With tax day almost here, it’s a great time to make a new (tax) year’s resolution to get your personal finances in order.
If you’re like most people, your personal financial records are most probably kept in less than ‘Good Accounting Practices’ standards. For example, stashing old ATM receipts and hanging on to a stub showing what you paid for a pack of mints two years ago (cash, of course), might be filed with your paycheck stubs, credit card statements– paid and unpaid alike–as well as a few tax forms, a stray paper clip and a penny.
Anything from an old shoe box to a toolbox would do for this method of personal financial tracking, but you can do better than that. Not to worry. Here’s how:
1) Plan for a few hours of ‘alone time’ with your financial records. This is a dandy time to pack the kids off to the mall or a friend’s house. Start up a pot of excellent coffee and put aside a little snack (preferably chocolate) as a treat when you’re done.
2) Supply yourself with ample space, such as a large dining room table. Make sure you have enough organizing supplies close at hand like sticky notes, manila file folders, a tub to hold them with hanging file folders, large envelopes, a check file, ring binders and a three-hole punch if you like, an open stacking file and an organizer/sorter. A trash can by your side is a must.
3) Get everything from everyplace–shoe boxes, check files, file folders, etc.
4) While enjoying your cup of coffee, make a game plan.
Decide what you’re going to put where (e.g., checks and statements go in a specific file for checks and statements, credit card statements can be unfolded and placed in a file folder, etc.)
5) Start sorting on the table. Checks go here, ATM receipts go there, paycheck stubs go over there, paid bills go on the other side, etc. until all the ’stuff’ is divided into neatly organized piles. Use sticky notes to mark what-goes-where on the table to avoid confusion.
6) Put all the ‘paid’ items away first. Be ruthless. It’s perfectly okay to toss the receipt for those mints from two years ago.
7) Put the rest of the inactive items in the envelopes, file folders, check files or other storage devices that are interesting, functional and readily available from your local office supply store.
Have another cup of coffee and tackle the active, or open, items. Decide what you’re going to pay and when. If you have an open stacking file, you will find one with four compartments (one for each week of the month), very handy for this purpose.
9) Balance your checkbook. Now.
10) Enjoy your chocolate after putting everything away where it belongs and, oh, by the way, check the calendar for when you’ll be doing this again next month. Mark that date.
Of course, next month this will all be done much faster.
I highly recommend using technology to make this much easier and faster. Programs like Quicken and Microsoft Money can help, but really any spreadsheet program will do.
Have a category for each life area you spend money. Once a week or month take your receipts, checkbook records and scribbled notes and record where you spent ALL your money…every penny. One of my students was shocked to find out he was spending $75 per month on orange juice! If this is you, don’t worry. Legend has it that the Rockefeller boys did this and they turned out all right.
This time next year you’ll be happy you started today.
…a P.S. from Mark Hendricks: Don’t forget to check out Leo’s program. You won’t be sorry.
By the way, Leo has graciously agreed to provide all my subscribers who visit before midnight on April 22nd a very special offer on one of his most popular programs, I recommend you take a look now:
http://www.hunteridge.com/leo.htm
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And just as a reminder, Shawn Casey’s “Information Products” package is selling briskly, so if you want to take a second look before it’s all sold out, I suggest you take a look right now: http://www.hunteridge.com/ipf.htm
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We are about to release the world’s easiest to use HTML Editor – if you can use a word processor you can create and edit great looking webpages using 123 WysiWyg.
Visit this page to see what others are already saying about it, and signup for the product release announcement list too…
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And one other thing…
The Internet Success System apprenticeship program is available again, and you can begin the Home Study Course the day you signup. The seats for the live conference are already filling up from ISS alumni and past attendees to the live ISS Master Mind Conferences.
(this is the best internet training on the planet, listen to comments from past and current ISS participants) — http://www.internet-success-system.com
As always, my best to you–
Mark Hendricks
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