2/14/2013

Peer-to-Peer Lending

Single     AGI - $110,000 or less  can contribute  $5,000 into roth ira

Debt-To-Income Ratios (DTI) http://www.moolanomy.com/427/what-is-debt-to-income-ratio-dti/

DTI of 36% is healthly.

DTI Calculator http://money.usnews.com/money/personal-finance/articles/2012/03/29/are-you-in-over-your-head

How Your Credit Score Is Determined

 

For 2013, there are a few noteworthy changes:

Social security tax goes back up from 4.2% to 6.2% for everyone.

A new 39.6% bracket is added for high income earners.

A new 20% long-term capital gains and qualified dividend tax rate is added for high income earners.

Medicare tax for wage earnes stay the same at 2.9%, but increases to 3.8% for wage income in excess of $200,000.

A new 3.8% Medicare tax on unearned income.

http://www.moolanomy.com/2581/tax-tables-irs-federal-income-tax-rates-and-tax-brackets/

 

How to Make Extra Money - http://www.moolanomy.com/689/extra-income-guide/

Business Deduction - http://www.irs.gov/publications/p535/ch01.html#en_US_2010_publink1000208608

20 Questions Before Starting

So you’ve got what it takes to be an entrepreneur? Now, ask yourself these 20 questions to make sure you’re thinking about the right key business decisions:

1. Why am I starting a business?
2. What kind of business do I want?
3. Who is my ideal customer?
4. What products or services will my business provide?
5. Am I prepared to spend the time and money needed to get my business started?
6. What differentiates my business idea and the products or services I will provide from others in the market?
7. Where will my business be located?
8. How many employees will I need?
9. What types of suppliers do I need?
10. How much money do I need to get started?
11. Will I need to get a loan?
12. How soon will it take before my products or services are available?
13. How long do I have until I start making a profit?
14. Who is my competition?
15. How will I price my product compared to my competition?
16. How will I set up the legal structure of my business?
17. What taxes do I need to pay?
18. What kind of insurance do I need?
19. How will I manage my business?
20. How will I advertise my business?

 Are You Financially Healthy? The 5 Stages - http://www.moolanomy.com/636/financial-health-the-5-stages/

6 Easy Ways to Simplify Your Finance - http://www.moolanomy.com/371/6-easy-ways-to-simplify-your-finance/

40+ Passive Income and Money Making Ideas -  http://www.moolanomy.com/462/30-alternative-income-ideas-and-resources/