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Financial Services Freeport NY

Most people only earn money while theya re at work, wouldn't it be great if you could make money 24 hours a day no matter what you're doing? The following article tells you how to optimize your income.

Raymond Mignone
Ray Mignone & Co., Inc.
(516) 203-7194
626 Reckson (EAB)
Uniondale, NY
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Data Provided by:
Gerard Barrasso
United Financial Planning Group, LLC
(631) 234-0871
1979 Marcus Avenue
Lake Success, NY
Expertises
Tax Planning, Helping Clients Identify & Achieve Goals, Retirement Plan Investment Advice, Planning Issues for Business Owners, Middle Income Client Needs, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Data Provided by:
Philip Capell
Piermont Wealth Management Inc.
(516) 496-7800
135 Crossways Park Drive, Suite 102
Woodbury, NY
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Divorce Planning, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, JD, MS

Data Provided by:
Joyce Streithorst
Frisch Financial Group, Inc.
(631) 271-7900
290 Broad Hollow Road, Suite 130E
Melville, NY
Expertises
Ongoing Investment Management, Women's Financial Planning Issues, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Divorce Planning, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, CFP®, MSFS

Data Provided by:
Cary Carbonaro
Stonegate Wealth Management, LLC
(646) 388-1460
7 Platt Place
Huntington, NY
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Women's Financial Planning Issues, Retirement Planning & Distribution Rules, Charitable Giving - Trusts & Foundations, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, MBA

Data Provided by:
Maureen Whelan
M. A. Whelan Financial Planning
(800) 775-8564
1225 Franklin Avenue
Garden City, NY
Expertises
Hourly Financial Planning Services, Middle Income Client Needs, Tax Planning, Financial Issues Between Generations, Investment Advice without Ongoing Management, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Data Provided by:
Raymond Mignone
Ray Mignone & Co., Inc.
(718) 229-2514
252-81 Brattle Avenue
Little Neck, NY
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Data Provided by:
Raj Prashad
Eagle Tax Planning & Advisory Group. LLC
(718) 441-7011
106-04 101 Avenue
Ozone Park, NY
Expertises
Retirement Plan Investment Advice, Tax Planning, Middle Income Client Needs, Hourly Financial Planning Services, Helping Clients Identify & Achieve Goals, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, EA

Data Provided by:
David Frisch
Frisch Financial Group, Inc.
(631) 271-7900
290 Broad Hollow Road, Suite 130E
Melville, NY
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Tax Planning, Retirement Plan Investment Advice, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Data Provided by:
Janney Montgomery Scott
(516) 531-7246
1001 Franklin Avenue Suite 202
Garden City, NY
 
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Is Your Income Optimized?

Provided By: 

Wait, wait, wait -- you're telling me you only earn money while you're AT work?

By Colin VanderMeulen

Complete this sentence:

“Go to school, study hard, get good grades, so you can...”

If you answered “get a good job,” you listened well while you were growing up. However, this timeless “wisdom” that our elders bestowed upon us is horribly flawed.

A typical job is actually one of the worst ways to earn good money.

Trading Your Time for Money is Not Optimal


A job requires you to trade your time for money.

There’s nothing technically wrong with trading your time for money; it’s simply an inefficient way to make a living.

When you have a typical job, there are only two ways through which you can increase your income:

1. Work more hours. Unfortunately, there’s a physical limit to how many hours you can work in a week.

2. Get a raise. You could get the occasional raise, but your boss is limited in how much he or she is willing to pay you.

In short, your income potential is limited.

What is Optimized Income?


Wouldn’t it be great if you could make money 24 hours a day no matter what you’re doing? You could be playing a game of golf, sleeping, eating, watching TV, and earning money while you do it.

Millions of people are doing this every day, and you can too. It’s called passive income, and it’s the key to optimizing your income and creating financial freedom.

When your income isn’t tied to how many hours you work or how much you make per hour, you are unlimited. You can set up as many income streams as you want.

Here are only a few simple examples of passive income:

1. Authors: Authors earn money every time one of their books sells. They write the book once, and they earn money on it over and over again.

2. Businesses Owners: Business owners can automate their business or hire someone else to run it for them. In this way, they don’t need to be actively involved in order for their company to make them money. Think of a McDonald’s restaurant. The owner doesn’t need to be there to run the place, his staff runs it for him. Meanwhile, he’s still collecting cash. Alternatively, if you have an online business, you can be making money once it’s up and running or by using advertising and affiliate links.

3. Landlords: Landlords buy up real estate and rent out space for a monthly fee. They can free up their time if they hire a property manager to take care of the property for them. The rental income will continue to come in, but it won’t require any of the owner's time to earn it.

4. Investors: Investors put their money to work for them. When they invest, they expect their money to grow. With time and compounding interest on their side, smart investors can become very wealthy.

5. Musicians: Musicians earn money every time one of their albums sells or one of their songs is played on the radio. They write and produce the song once, and they keep making money on it over and over again.

Getting Started


If you’ve got some ...

Click here to read the rest of this article from Primer Magazine

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