Hi Everyone,
Finally, the first signs of spring are here in New York! Spring is one of my favorite seasons. It's a time of cleansing and renewal. Time to make fresh starts and new commitments. Many of us take this time to do some spring cleaning around the house. Open the windows, clear out the winter cobwebs and let the fresh air in! Why not do the same for your finances ? Spring is tax time too, so there's no better time to get your financial papers in order.
Even in this era of Internet banking and easy-to-use financial software, you probably have a jumble of bills, various piles of credit-card statements, and a variety of financial accounts. Don't worry; you're not alone. But until you get your finances organized, you can't start creating financial security -- and ultimately reaching your financial dreams. This is a great time of year to get organized…a little spring cleaning for your finances.
The good news is that it only takes motivation and a few minutes of your time to get started. To get organized, you need to find your "financial stuff." Get about a dozen hanging folders and a box of at least 50 file folders to place inside. Label the first folder: Tax Returns.
Inside this folder, include eight file folders, one for each of the last seven years, plus one for this year. Mark the year on each folder's tab, and place in it all of that year's important tax documents, such as W-2 forms, 1099s, and a copy of all the tax returns you filed for that year.
As a rule, you should keep old tax records for at least seven years in case the IRS wants to audit you. I recommend holding onto them even longer, but that's up to you.
To read the rest of my article on Getting Your Financial Life Sorted, click here.
The tour is going amazingly well. I've spoken so far in 10 cities at sold out venues across the country…all in the last 3 weeks. The crowds have been so great. It's so incredibly rewarding for me to meet those of you who have read my books and have taken my advice and have made real progress on your own road to financial freedom. Thank you for attending and thank you for waiting on line to meet me to share your story. Your energy and enthusiasm really make these events fun and exciting.
We've got four cities left on the tour: Chicago, Denver, Atlanta and Orlando. There's still time to register. Visit our website at finishrich.com/seedavid. Tickets are FREE and when you attend the homeowner's fair after my speech you'll also get a free copy of The Automatic Millionaire Homeowner.
My new book, The Automatic Millionaire Homeowner continues to hit the bestseller lists which means that we're reaching a lot of people with the message of building real wealth through homeownership. This message will help to make a huge impact on people's lives. The book was just reviewed by USA Today - click here to read it. Also, you can click here to read a chapter excerpt.
Through The Automatic Millionaire Homeowner, we're making a difference in people's lives another way as well. Our FinishRich Foundation will donate $170,000 of the proceeds from the sale of the book to Habitat for Humanity and to help victims of Hurricane Katrina. I believe that if we all start working together and giving back, we can truly make a difference in this world. To read more, click here.
I hope you were able to tune in to Oprah for Part 4 of The Debt Diet Series last Friday, March 24th. I'm coaching a really wonderful family called the Eggleston's. They're working really hard and are so committed to getting out of the debt situation that they are in. I'm really proud of the work they're doing and I'm truly honored to be a part of this series with Oprah. It's changing people's lives and offering hope to so many.
Hear from viewers who have had some amazing successes as a result of participating in The Debt Diet by visiting Oprah.com's message boards here. I'll be taping Part 5 in early April and we'll let you know the expected air date as soon as we have it.
I'm really enjoying doing daily updates to my blog. It's a great way for me to stay in touch with this amazing community on a regular basis. To check it out, click here.
My amazing publisher, Broadway Books asked me to invite you to sign up for the free "Broadways Books for a Better Living Newsletter". When you subscribe, you'll be emailed information about books that are written to help you live your best life. You'll get excerpts from hot new books, author interviews, happiness boosters, tips for better living, and even a new column by Yours Truly.
Click here for more information.
Thank you everyone for all your support and enthusiasm over the last few months. I'll be sending out some tips for tax time next week too, so watch your email. Happy Spring...and I wish you all some sunny days ahead.
Until next time...
Live and finish rich,
David Bach
Founder, FinishRich Media
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The FinishRich Newsletter is written and produced by David Bach and FinishRich Media. If you have any questions or comments, you can contact us via our online form by clicking here.
This newsletter is purely informative and does not represent an investment or tax recommendation of any kind. Please consult your financial or tax advisor before making any investment decisions.
Copyright © 2006 FinishRich Media
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