How to earn $ 163,000 in one week?

How to earn $ 163,000 in one week?

Yes, we cycled across to the tennis last week & that was what Serena earned for the Brisbane International tennis. Not a bad week’s income considering that she didn’t have to play the world Number 1 ‘Queen Victoria’ who forfeited the match due to pedicure misadventure.

Yes a good week’s ‘Gross’ income [it is a business & businesses have costs] & how did she get to that income & standard.

Let’s not forget the taxx she has to pay & as Peter reminded us this week

The two enemies of the people are criminals and
government, so let us tie the second down with the
chains of the Constitution so the second will not
become the legalized version of the first.
                             --  Thomas Jefferson  --

We also read of Gerard who has moved from France to Russia. He reckons he has paid 148M in taxx & now has decided to be unpatriotic. It appears Russia is less Socialist.

We probably have all seen her Dad Richard sitting in the stands[most recently away from Mum]. We have heard how her & Venus learnt to play in gangland LA with Richard doing what Dads & coaches do to motivate & encourage & assist their daughters & charges to progress in their sport or trade or vocation.

We recall Martina with her Mum, Steffi with her father & Maria with her father all achieving great incomes through guidance & hours of coaching.

Yes all the girls & all the players have coaches to help them move higher up the ratings & with that means higher incomes.

We saw a TV flash with Serena practicing simple repetitive back cross court shots with her current coach. There is continual work to maintain & improve.

The WTA also allow the girls to request their coaches for advice during play. We know that all helps as ‘in the trenches’ all you see is ‘the fog of war’. You need help & a view from afar.

As the girls health is so important then they have a major sponsor which you might note on the bill boards the maker of the Number 1 supplements on the planet. As Gerald, a radiologist, said to us 10 years ago “if everyone was on these then he would be out of a job’.

Then on Sunday we over heard a certain cricketer ‘having it easy’. We will bet & he likes to do so that he practiced for hours during his teens & playing days & teams these days have coaches for every facet. Why did Australia do well bowling last year again the English. P. Siddle with a hat trick. They had a coach Craig who has been there & done that.

We observe that currently many of the cricket test teams have South African coaches which makes sense when RSA is no 1.

The same with finances. We had friends over & he said that he couldn’t control his wife’s spending.  That is really simple, ‘give her a monthly budget & a limit on the credit card’ & its ‘sausages or steak’ depending on the time of the month. Ideally cut up the card.

That is what the USA needs to do when 47% are on government support & 16 trillion in debt. It is in fact the debt that is summarised by a recent email to us that may bankrupt the US although some Rep. Rep said this week we won’t default. Yeah right.

The minting of a trillion dollar coin & depositing with the Federal Reserve is one way suggested.

Are you serious? The USA could use Al Gore’s help & wealth. Maybe too many drones in the sky.

 However the USA is uncoachable & we only help those who are coachable & have control of their debts.

As we discussed with William on Wednesday ‘debt is like tattoos & weight, easy to get but hard to remove .

[ William had just returned from a cruise & he was appalled at the gross weight of passengers &  others with too many tatts].  Winners achieve through self discipline & there is ‘no free lunch’. Our contempories at the tennis weren’t obese & we suspect could generally play tennis to a standard.

Joe a builder, was here recently & his contemplating moving to self employment as with Mr. Cricket he has tired of being away from home & family. There are steps to make as he makes this move.  He should of course write a business plan as all buildings need a plan drawn up by a draughtsman or an architect.

All  buildings should have some Foundations & insurance & hence we used our free calculator to estimate the deductible premiums with Joe.

Our credit union headlined ‘Who paid out $3.9 billion in 2011 & it wasn’t the lotteries?’

Yep an average of $15.9 million was paid to 251 Australians every working day for life insurance claims.

 As Victoria found, missing ‘work’ through injury might mean a large drop in income [163K]& meals & mortgages & leases & costs still need to be paid.

Joe is also aware that he needs a business vehicle & using his own cash isn’t ideal as trucks depreciate & his own cash would be better off paying down his 250K mortgage. Will Joe have that debt paid off before he retires & unless he actions the above idea then it won’t happen.

We could bet on that given our observations over 28 years. Joe needs a financial coach or builder as he needs to have no debt & 1 million in the bank or his business to enjoy his grandchildren. We do have actionable ideas for Joe.

Joe has a family & needs much more cover than is the union fund provides & we have found their clauses to be interesting.

We loaned Elizabeth ‘Rich Dad Poor Dad’ to understand that homes are not assets as they don’t provide an income. We suggested to her not to sell her rental properties due to the high costs 20K Elizabeth has already paid & a similar amount if she was to sell. Rather pay down the debt so she has income from it when she retires in 16 years.  

We also remodeled her superannuation  at a lower cost with more options including direct shares.

‘Invest like a cockroach’ if your wealth is to survive.

We might observe that generally it is Dads & their expectations & advice that helped Serena & others to have  higher incomes & no debts. Mums usually suggest buy a house & settle down.

Where would that get the WTA girls?

 “correct us  if we are wrong”. Whoooops ‘tiger Mums”

If you wish then you are welcome to call on 3848 1088 or email or visit our websites to plan & financially progress over 2013. Unless things change then nothing changes.

Maybe check out this chart. Maybe we can save you 15% in taxx. Lets do.

How much will the Aussies, Atomic Bernard, Sam, John Millman & others win in Melbourne?

John McAuliffe