4 Secrets of the rich and well connected
Insider Secrets | 17 November, 2010 | Hot Topics:
Dear friend,
There are a number of important steps you can take to start saving money, maximise profits and protect your wealth.
Today I would like to show you a few important steps that can help you save thousands and grow your money into a large retirement nest egg.
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Buying a new car? You can save thousands on your tax bill...
If you’re looking to buy a new car then I have a secret that could save you thousands in just one year.
Just by asking the dealer to change the purchase price of the car by R1, you could stand to get a higher tax exemption from SARS.
Let’s take a closer look at how this will work.
You see, if for instance you buy a new car for R240,000, it will fall into the R200,001 – R240,000 tax bracket. If you ask your dealer to increase the purchase price by R1, it will immediately fall into the higher exemption bracket of R240,001 – R280,000.
By doing this, you can deduct an extra R4,474.80 in a single tax year when doing your tax return – not bad for just adding R1 to the purchase price of your car!
This tip is brought to you by Insider Confidential
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Are you about to lose 64% of your life savings?
There is a widespread misconception that’s costing people a lot of money… And not just money but peace of mind too. It’s an all-too-common belief that only the super-wealthy need to own a Trust.
Here are 7 reasons why you need to own a Trust today…
1. To protect your assets from creditors in the event of your insolvency, disability or divorce.
2. To legally pay as little tax as possible.
3. To make provision for your estate to be passed on to your beneficiaries as smoothly as possible.
4. To maximise your overall profits when buying property and significantly reduce your CGT and estate duty bill.
5. To avoid inheritance tax liability.
6. To create personal confidentiality.
7. To safeguard against financial loss in your own business.
Remember: If you already have a Trust don’t be lulled into a false sense of security. I’ve already shared a case where a family thought they were well protected by their Trust – but a small administrative error rendered it void!
For more tips to keep your wealth safe from creditors and unnecessary taxes and costs, subscribe to Insider Confidential risk-free today.
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5 Low-cost ways to double the value of your house in only a few months
While structural renovations will ultimately increase the value of your property, they are time-consuming and costly, and unlikely to make you real profit.
But with cosmetic renovations that cost below R100,000, you could actually increase the value of a R350,000 house to R650,000, making yourself a profit of R200,000 in the process!
1. Security is of vital importance in our high-crime society, in addition to a high wall or fence and burglar bars, you may want to invest in a DIY CCTV kit with 4 cameras (around R4,000) and/or intercom system (about R600 including installation) from Builder’s Warehouse.
2. Landscaping: your garden is the first thing a potential buyer will see – and a shoddy, unkempt garden may chase buyers away.
Firstly, decide what style of garden appeals to you – tropical, indigenous, country, Tuscan, ‘Zen’ or classical. Use lots of extras to create your look, such as interesting and unusual pots, stepping stones, trellises, mosaic effects, black or white pebbles and sculptures. View some examples of these styles on www.renaldoandyzgardens.co.za and get creative!
3. A splash pool is a good idea as it requires less maintenance and space than a larger pool, while still offering sparkling allure to potential buyers! A splash pool including a water feature will cost you from R19,900.
4. Paint: the easiest way to increase the value of your home is to ensure the exterior and interior of your home is properly sealed and painted with quality paint, like Plascon’s Cashmere for the interior of your home and Suede for the exterior, in neutral, earth tones. For step-by-step paint techniques to magically enhance your home, and a calculator to assess how much paint you will need, see www.plascon.co.za.
5. Floors: a natural, organic feel is back in vogue, so if you have wooden floors ensure they are properly sealed and sanded for maximum character – budget approximately R6,000 for three standard rooms. Laminated flooring costs as little as R99/m2. Visit www.floorsdirect.co.za.
Small cosmetic changes can make a huge difference in the selling price of your house! Spend a little now to reap huge financial rewards in a few months’ time.
Looking to buy a new home? You can get 25%, 50% or even 70% discount on properties. Click here to find out more.
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Get a new home for 70% less... with this simple trick
I’m going to unleash the most powerful trick you’ve seen yet: Snapping up your own bargain property... on auction.
It really is this easy. You don’t need any experience. Here are a few tricks to help ‘win’ the best deal at the auction every time:
Step 1: Register your interest.
Focus on only a few properties that you want and can afford. Get their details right and be prepared.
Step 2: Prepare your finances.
Speak to your bank beforehand and ascertain how much financing you have available.
Step 3: Quick! Get moving!
View the properties you’re interested in, and arrange for a proper valuation, unless you’re comfortable with your own valuation skills.
Step 4: Use a conveyance attorney.
Always use a lawyer for handling the legal details: Visit www.attorneys.co.za.
Step 5: Decide how much you’re willing to pay.
Set you trigger point and stick to it.
Step 6: What to do in the auction room.
Above all else, stay calm. Make sure you can see and hear the auctioneer and that they can see and hear you. Then have fun!
For more information on how to save up to 70% on a new home click here.
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