Important peo texas Information
by: Ronald Burgans
An interesting concept is being put forward by a company called Global Equity Lending which,
according to them,is rooted in the fact that building a secure financial future is more difficult than
ever.The rules are changing and perhaps the old practices need to be revamped.GEL calls its new
philosophy, "Harnessing The Power of Your Mortgage"
In 2004,credit card debt accounted for over half of the $2.1 trillion of consumer debt in the U.S.,
quadrupling over the last decade.Today,the average American household has $9,000 of credit card
debt at 16% interest.To pay that average off,at that interest rate would take ten years,totaling over
$8,000 in interest when all is said and done.The financial impact of this,which is virtually unrealized
is devastating.GEL claims to have a better way.Their thinking is that since you must borrow money
over the coarse of life,why not borrow it as inexpensively as possible.Credit cards,auto loans,and
personal loans are all high interest and non deductable.So why not harness the power of your
mortgage?
According to GEL,Americans operate under a mindset,when it comes to personal finance,that
has been burned into our country's psyche from the days of the great depression.That philosophy
is as such:First get the lowest rate mortgage,then,set up a bi-weekly payment plan,and,whenever
possible send in additional payments.This way you pay off your mortgage as soon as possible.
Sound good to me,right?Well,much to my suprise,this company claims that is exactly what we
should NOT be doing!On the contrary,their idea is one which is echoed by New York Times Best
Selling author of "The New Rules Of Money",Rick Edelman,who says,"You should get a big,30
year mortgage and never pay it off."Edelman and GEL put rules forth which read like this:
1.Never send extra money to your mortgage
2.Stay away from bi-weekly plans.
3.Make the smallest payment with the biggest tax break.
4.Putting extra money toward your mortgage is like putting it under the matress.
To back up his claim,Edelman offers five distinct reasons why you should carry a long loan:
1.Mortgages don't lower your homes value.Your home will grow in value whether or not you
have a mortgage.
2.Your mortgage is the cheapest money you'll ever buy.Why pay credit card at 18%,when
you can borrow at rates under 7%.
3.Your mortgage is the best way to lower your taxes.There aren't many tax breaks left.
Mortage loans,unlike credit cards and car loans are fully tax deductable.
4.You should get cash out of you house while you still can.You may find it difficult to
get a loan if something like a loss of job comes up.
5.Mortgages become cheaper over time.Most times your payment will stay the same
over the years while your income rises,making it easier to pay over time.
To further illustrate their beliefs,GEL presentations include a case study called,"The Tale of Two
Brothers", where they do a financial comparison of two fictional brothers.In the story,Brother A,as
he is called follows the "old" way of thinking,while his brother(yes,you guessed it,brother B)uses
GEL and Edelman's theory.The results of the study find Brother B with almost a one million dollar
advantage over Brother A.The full hypothetical can be viewed on http://yourbighouse.com, but the
jist is that the second brother used the money he saved carrying an interest only loan,or GEL's
famous "power option"loan to invest in other places.That,combined with the mortgage tax breaks
lead to the million dollar separation after 30 years.
So,if you believe in this new way of thinking,and are ready to follow the model(in other words,
REALLY, put that extra money to work for you),then I believe an interest only loan or GEL's power
option loan is the way to go,but be careful.
For more info on this new philosophy,go to http://YourBigHouse.com
About The Author Ronald Burgans
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An Unbiased View of Professional Employer Organizations
peotexas posted a video:
Businesses today need help managing increasingly elaborate employee matters like health benefits, workers compensation claims, payroll, payroll taxes, and unemployment claims.
Contracting with a Professional Employer Organization, (PEO), can be extremely helpful to businesses in these matters. With a co-employment contract, for example, the Professional Employer Organization, (PEO), actually becomes the employer-of-record for most purposes, including insurance and taxes, and files the paperwork necessary using its own employer identification numbers. The client organization then continues to manage and direct the employees daily activities.
Professional employer organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers compensation. PEO clients focus on what theyre good at to grow their bottom line.
A Professional employer organization provides integrated services to manage important human resource responsibilities as well as employer risks for their client organizations. A PEO delivers these services by establishing and maintaining an employer relationship with the employees at the clients office and by contractually assumes certain specific employer responsibilities, rights, and risks.
A Professional Employer Organization earns its income partly by using different methods of wage, insurance and tax arbitrage. With insurance products, a Professional Employer Organization will purchase workers compensation, employment practices liability and employee benefits insurance at an established price. The Professional Employer Organization then adds a markup to the premium costs and then bills the updated rate to the client. This new rate would still be less than what the client company would have paid on its own.
THe client organization benefits since Professional Employer Organizations saves time and staff who would otherwise be used to perform tasks like preparing payroll, administering benefit plans and more. Additionally, it will most likely reduce legal liabilities and/or obligations to employees that it would otherwise have. The client organization may also be able to offer a better package of benefits, and so be in a position to attract better skilled employees.
So the Professional Employer Organization model can be very attractive to small and mid-sized businesses and associations. Professional Employer Organization marketing is typically directed toward these segments.
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