Timeliness is Always Critical

"A Weekend of planting - such fun. I know for many people just planting now seems very late. In the Rockies, where we are still getting down into the 30's at night, it is right on time. Timeliness is always critical; whether it's planting or it's business or it's a personal decision. May your week be filled with timely activities." Sue Thompson

In Abundance,

Sue
Contact Sue
Appointment with Sue 
www.abundanceaccounting.com

Saving for a Rainy Day (in May, June, December)

Were you already prepared for spring and summer?  Most people here in the Rockies were.  However last night everything froze and we woke up to snow.  How prepared are you for change? How prepared is your family and your business when the unexpected occurs?

When I was young I remember my Mom teaching me the importance of saving for a rainy day.  She will laughingly relate the story of when we took family road trips in the car.  She would give my sister and I a roll of nickels and every time we asked "Are we there yet?"  or "How much longer?" we would have to pay a nickel.  Without fail I always had most of my nickels at the end of the trip.  If only it was that easy today to keep our money.  Saving today is a strategy.

There are those that will tell you that putting a percent of your earned money in a savings account is a discipline that will pay off in time.  There was time in our economy when that might have made some sense, when markets were on a continual upswing however in the last 5 years most will tell you that putting in money in a savings account which pays a rate of return lower than the rate of inflation means you are actually going backwards with the value of your dollar.  Even if your funds are in an IRA savings account they are not safe from this phenomenon.

Investing is another way of saying saving.  When we use this term there are many more options available to us such as investing in real estate, businesses, stocks, bonds.  Each of these of course has its own list of pros and cons and requires some learning so you are able to make the best decision for you about how it will fit into your plan for building wealth.

So how are you saving for a rainy day?  For many there is so much more month at the end of their money that saving has become a concept that is far off in the "someday".  Having an expert provide a financial forecast for your business and family is the best way to prepare for the unexpected and secure your future. Take action now for a complimentary review and receive a free report with tips to help you grow your money.  To find a solution for the unexpected rainy day and for help to ensure a brighter future contact us right away.  Rainy days are an inevitable part of life; we can help you to be prepared for them.

In Abundance,

Sue
Contact Sue
Appointment with Sue 
www.abundanceaccounting.com

Hiring Your Kids: What it Means for Your Taxes

If you hire your child to take the reins of your business, you might be able to avoid withholding Social Security and Medicare taxes on his or her wages.  However, it's important to pay them a reasonable salary and keep records to document the arrangement. Which lead's me to this month's Your Money Saving Tip article found by CLICKING HERE.

Please contact us with any questions you may have.

In Abundance,

Sue
Contact Sue
Appointment with Sue 
www.abundanceaccounting.com

How is your debt load impacting your family and business life?

John & Teresa, like a number of small business owners, are slowly beginning to recover from the last four years of economic turmoil. They were committed to staying in the game, knowing what they were offering was of value. Through imagination and creativity they were able to repackage themselves in the marketplace and sales once again began to increase. The investment in this process however left them with more debt than they had anticipated. Does this sound familiar to you?

How is your debt load impacting your family and business life?

Are you looking for a solution?

Initially the burden of the debt was overwhelming, leaving John & Teresa wondering if they were ever going to get out of debt. Often they would argue, each wanting the other to find a way to take care of the situation and neither knowing where to turn. Being savvy business owners they felt they should be able to figure this out on their own. Searching online they were able to find people, who for a large up-front fee, would negotiate their debt down for them but then they were left with figuring out how to make all the payments.

Next, also online, John & Teresa found some excel spreadsheets which were already set up to track debt reduction. A friend of mine calls excel spreadsheets Bill Gates payback to all the kids who made fun of him in school! Excel is a good tool for many things but for understanding cash flow it falls very short. It is a static tool that requires constant updating to project with or to adjust for life’s curve balls. If you are ready for a dynamic tool, that will adjust for you as life happens then continue reading!

For the last three years we have been working with a financial GPS. I personally have used this tool to reduce my debt faster and have saved over $150,000 in interest in the process without refinancing! Call now for a complimentary no obligation analysis to see what this tool can do for you. It will be well worth your time and when you book your appointment I will send you my report on Debt Reduction & Wealth Building.

For more ideas and a complimentary analysis

to determine where you are - give us a call today

(406) 257- 6044!

In Abundance,

Sue

Contact Sue

Appointment with Sue 

www.abundanceaccounting.com

Systems

SYSTEMS

Whew it's after tax day! Mary was reviewing her tax returns and she realized that not only was her home out of budget but that her business was as well. At home Mary follows a routine for starting her day. When Mary gets up in the morning she starts her day with a cup of coffee and the morning newspaper. Then she eats a bowl of Special K before getting into her car for the 20 minute drive to the office. While in the car she listens to an inspirational audio to help begin her day with enthusiasm. When Mary is on top of her game she follows this routine consistently and produces great results. When she forgets any one of these habits her day never gets off to a good start and she feels behind the eight ball all day long. How many of you can relate to that? Systems like the ones we use in the morning can be helpful in ensuring we produce the results we want. Were you satisfied with your financial results this tax year?

Creating a financial system and routine to follow will grow your wealth both personally and professionally. Your life can be broken down into systems. Routines that we use with our kids, our spouse, our business and our finances. Human beings tend to do things systematically. Many of us deny this fact because we like to believe that we are spontaneous and that nothing is controlling us, yet when you look at your daily life you realize that the more you do use a system or a habit and a routine the easier your life becomes. The same system can be applied to your financial future and growth.

What is your current financial system? Is it random? Do you have more month at the end of your money? Are you surprised when you check your checking account balance? When looking at your business are you clear on your assets and liabilities? When you use a financial system developing a business forecast becomes easier.

One system many of our customers have implemented is the following:

· keep two envelopes in the car labeled for the current month - one for personal expenditures and one for business expenditures. As transactions occur the minute you get in the car empty your pockets of receipts into the envelope making notes as required. (Typically that is only required on meal receipts)

· keep a folder in the house labeled for the current month - as items come in the mail put them in the folder, making notes on anything that is unique or new

· keep a similar folder in your office for business statements

· after the last statement for the month has been received (typically these are your investment statements) put the items from the folders in the envelopes and mail to Abundance Accounting

This is a pretty simple and easy process that ensures timely financial reporting. Your financial system will have a great impact when it comes to time. You can always make more money to compensate for a poor system but you can never replace your time.

Contact us today!  to take action on your financial future now. Let's grow your business and personal finances and talk about ways Abundance Accounting can help you create a financial system that will free you up to do what you do best!

We would love to hear what systems you are using. Please go to Abundance Accounting on Facebook and share with us what is working! We will be happy to send you our free Debt Reduction and Wealth Building Report as a thank you.

For more ideas and a complimentary analysis

to determine where you are - give us a call today

(406) 257- 6044!

In Abundance,

Sue

Contact Sue

Appointment with Sue 

www.abundanceaccounting.com

What would you do with an extra $100 dollars per month?

Take my significant other out to dinner.

Buy a widget I’ve had my eye on.

Pay down a bill that is weighing heavy on my mind.

Put it in a savings account.

Pay for my child’s next pair of shoes.

Buy supplies for my business.

 The truth is if you aren’t clear on where you are today, financially, and you don’t know where you want to go, or in other words what your definition of financial freedom is, it is difficult to answer this question with confidence.

Contact us today!

For more ideas and a complimentary analysis
to determine where you are - give us a call today
(406) 257- 6044!

In Abundance,

Sue

Contact Sue
Appointment with Sue 
www.abundanceaccounting.com

Understanding Money Principles or the Rules of the Game

Your Business and Personal Reboot for the rest of 2013


This is the second quarter of 2013. We all get a financial reboot in our business and personal financial planning and growth.

Although the economy is slowly churning for medium and small business owners, and certainly for families, every economic indicator suggests sustained growth for 2013.

When you follow the rules and principles of money, your business and personal finances can grow at a substantial rate this year.

What are the rules of the game of money? The rules of the game that wealthy people follow - and many of the rest us don't - have been around for a long time. These rules are not exclusive to wealthy people and you can follow the same rules. When you follow these rules or principles your business and personal life changes forever.


Some Rules and Guidelines for Business Owners:

· Having current financial statements

· Reviewing your financial statements with an advisor monthly or at a minimum quarterly

· Having a financial forecast for the next 12 months



For Your Personal/Family Life:

· Paying yourself first

· Keeping current financial records

· Having a plan for the next 12 months



When you follow these principles you can expect new results. Truly what rules or principles do for us, is they are the guiding ideas we use to form our behavioral habits. The first rule of wealth building is awareness. Many of us have developed a set of habits that may not be working for us. Often these principles or rules of the game are not something we can put into words. For each of us these principles are different and have come from what others have taught us and or from habits we have formed over time. They go back to the time when we received our first allowance or our first paycheck.


If an individual is unaware of their principles, their guiding rules, they can be making decisions that are not getting them where they want to go and they have no idea they are doing it. For instance, some of us keep a check register and some of us don't. Some of us sit down and pay the bills each month and some of us don't. Some of us pay bills randomly and some of us wait to the last pay check and then we pay the bills. If family members and or business partners are unaware of their rules they can be butting heads and never understand why.


As well, most of us never stop to look at the whole picture and how our daily actions impact that picture. When we meet with financial management people, someone like myself, who can help us to shift our habits to create wealth, then we begin to create awareness around knowing why we make the decisions we make around money..


I am offering a free business forecasting analysis and personal analysis to assist you in creating the best financial growth for the rest of 2013.

I have 7 available business forecasting slots available, and 7 personal analysis slots.

Business owners can expect: 

· Gain clarity on revenue vs expenses

· Understanding of your current financial statements

· How to use your cashflow for maximum gains

Your personal analysis includes:

· How to grow your money while getting out of debt

· A plan of action that works, and will end arguing over money

· The date you can become debt free


Knowing your why, your definition of what abundance is for you in your life, is the fuel for changing your financial habits. Then it is just a matter of demystifying these habits and rules, which have really been around forever and learning how to implement them in your life. When we begin to follow the rules and create new habits then it becomes easier to start the wealth building process.


When I am working with people we go through a series of questions to help identify what money principles everyone is working with. It's fun, easy and painless. Doing this is a crucial first step for wealth building.

Contact me today by clicking on the appointment link below or call and to schedule your financial analysis. Let’s prepare for a better economy and make the rest of 2013 you’re best financially…

Contact us today!

For more ideas and a complimentary analysis
to determine where you are - give us a call today
(406) 257- 6044!

In Abundance,

Sue

Contact Sue
Appointment with Sue 
www.abundanceaccounting.com