I've started asking my clients how an
attorney can find out whether they have enough money to make an
attractive lawsuit target. Most of them are
painfully ignorant. I tell them, "Simple. He uses the Internet to
find out everything he wants to know."
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 Recently I visited with an attorney who specializes in personal
bankruptcy. I took a client case study with me to ask questions about
how my client should proceed.
Here are two of my observations that may help someone considering bankruptcy:
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 “The art of taxation consists in so plucking
the goose as to obtain the largest possible amount of feathers with the
smallest amount of hissing.” -- 17th century French finance minister, Jean Baptiste Colbert
Why is it that our feathers are being plucked so extensively? Could it
be that it’s because we have bought into a host of dangerous tax myths
that can rob us of our wealth?
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 Most people are unaware of how to retire using IRA funds before age 59 1/2 without paying the 10 percent penalty.
Under IRS tax law 72t, however, a person can amortize their IRA account
over their life expectancy and not pay the early withdrawal penalty.
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Ratios can help you pinpoint how well prepared you are for retirement.
Thought I'd share this little chart for all the people out there who are applying Money Mastery Principle 7 (Always Look at the Big Picture) and are curious about how they're doing:
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There's lots of desperate people right now, especially those at or near retirement who have lost a lot of money in the market.
Lots
of them are looking for a way out. Unfortunately, because of this
desperation the number of "free lunch" financial planning workshops or
seminars is on the rise.
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 I had a client ask me the other day about the value of holding any gold
or silver. He asked me "What is the point of having gold if no one
will accept it as currency...you can't eat it or drink it."
It's a good question. Here's how I'd answer it.
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The new health care reform bill, America's Affordable Health Choices Act of 2009, which
Congress passed just three days ago, is making some big promises. This
is the House Democrats' big health care reform bill. Broadly, it seeks
to expand health care coverage to the approximately 40 million
Americans who are currently uninsured by lowering the cost of health
care and making the system more efficient.
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I recently received a notice with my credit card statement that outlines some very  interesting
and important changes about how credit card companies will be forced to
deal with customers. "We are making changes to your account in
response to the new Federal Law and Regulations that impact all credit
card companies."
They go on to enumerate:
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At least most of my clients know what a FICO score is now...it's taken how long to educate the public about this score?
The problem is there's several more new scores that tee off the FICO that many people know nothing about.
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