Smiley TAX Service

10/03/2023

Dear: Friends and Clients Our Firm Smiley Tax Service is now helping taxpayers get IRS tax relief! IRS problems are a very personal type of problem and people often do not know where to turn for help, especially during times like these. Many people just live with their back tax problem for months and sometimes years, assuming that nothing can be done about it. It’s easy for good, hard-working Americans to fall behind. Providing IRS Tax help to Bellerose, NY and Anywhere in the USA was a natural evolution for us at Smiley Tax Service. I have come across many people who have tried to handle their IRS situation themselves (or with their current CPA or person who prepared their taxes) but didn’t receive the relief they were seeking. The professionals on our staff know the “ins and outs” of the tax system and can negotiate a personalized solution for you. My firm now handles IRS representation services which include Preparation of Unfiled Income Tax Returns, Penalty Removal or Reduction, Offers in Compro

10/03/2023

We warmly welcome you to join us at Generation to Generation! Come and join us on Sunday from 9 to 11AM for a truly transformative experience where you can encounter God's blessings, healing, and deliverance. It's going to be a powerful time in the presence of our loving God. Be prepared to receive all that He has in store for you. Don't miss out on this opportunity to hear from prophet Matthew. We are located at 60 Oliver Avenue in Valley Stream, NY 11580. See you this Sunday from 9 to 11AM!

10/02/2023

10/01/2023

The financial guidelines

09/30/2023

The diffent mindset

09/30/2023

I have a one bedroom apartment to rent in Bellerose for $2000 utilities included first floor. Call me immediately at (718) 413-5715

09/30/2023

Now on Amazon-The Financial Guidelines to Prosperity, financial security and wellness.

CHAPTER ONE
THE DIFFERENT MINDSET
Managing one’s finances is not solely a manner of adopting the right mindset and habits; it is also about avoiding certain behaviors and actions that can result in that least enviable of outcomes: financial ruin. In this opening section, we will explore some of the common mistakes that people make when it comes to managing their finances, and—most crucially—ascertain methods of how to avoid them.

One of the most common mistakes people make is overspending. This may sound obvious, but we ought to investigate this issue more deeply. Put simply, overspending occurs when individuals spend more money than they earn. Over time, this discrepancy can lead to debt and financial instability. For any number of ‘over spenders’ you encounter, you may discover an equal number of reasons underlying the reckless financial behavior of these individuals. Be it a lack of budgeting, impulsive spending, or a pressure to maintain pace with the lucrative lifestyles of our peers, causes of overspending vary from person to person. On paper, however, combatting this issue is rather straightforward; We must learn to create a budget, track our expenses, and prioritize our spending to ensure that any expenses are within our means.

Another common mistake is failing to save. Again, this issue can arise from a plethora of reasons, most commonly a lack of discipline or a limited understanding regarding the importance of saving. The latter is particularly concerning, given that saving is essential for building an emergency fund, investing in retirement, or achieving financial goals. To avoid this mistake, then, individuals should prioritize saving-oriented behaviors and adopt a habit of setting aside a certain percentage of their income for savings each month. In other words, we must learn to pay ourselves before paying others.

Investing without proper knowledge and research is another common mistake. Of course, investing can be an effective way to build wealth. In the absence of adequate research and knowledge, however, it can also be decidedly risky. As such, is important that any budding investor takes the time to learn about different investment options, such as stocks, bonds, and mutual funds, and understand the risks associated with each investment option before deciding. It is also essential to diversify investments to minimize risks.

Failing to pay off debt is another mistake that can create financial problems. Debt can accumulate quickly, and high-interest rates can make it challenging to pay off. Most worryingly, the longer debt remains unpaid, the steeper the hill becomes. Thus, individuals should prioritize paying off high-interest debt first and adopt a strategy for paying off the remaining debt. Consolidating debt and negotiating interest rates with creditors can also help to reduce the burden of debt.

Finally, failing to plan can lead to financial instability. Finance is not something that we will escape as our lives progress. On the contrary, it is something that becomes increasingly important as we age. Hence, it is essential to plan for retirement, unexpected expenses, and other life events that may impact our financial security. Individuals should develop a long-term financial plan that includes saving, investing, and budgeting for future expenses.

THE BROKE MINDSET
The Broke mindset is embodied by individuals who habitually allocate their entire paycheck towards acquiring assets that depreciate over time. To put it simply, individuals with a Broke mindset invest their hard-earned money in items that do not increase in value as time goes on. Examples of such assets include clothes, shoes, automobiles, and various forms of technology. While these possessions may provide temporary satisfaction and serve immediate needs, they do not—except in exceedingly rare cases—possess the ability to generate long-term financial growth. On the other hand, appreciating assets are those that have the potential to increase in value over time, such as real property, gold and silver, stocks, bonds, and various forms of currency.

To provide a tangible example, I recall a friend from my high school days who was involved in an illicit trade. Despite his substantial income, he fell victim to the Broke mindset. Each week, he would lavishly spend the money he made through this ‘work’ on an abundance of expensive sneakers, and once revealed that he allocated over $300 toward renewing his stash of undergarments. Astonishingly, he never wore his socks or undergarments more than once, instead opting to discard them after a single use. This excessive and unsustainable behavior perfectly encapsulates the misguided approach of the Broke mindset, where money is spent on depreciating assets without considering their long-term financial implications. Of course, this situation did not end well for the individual in question.

By exploring the pitfalls and consequences associated with the Broke mindset, this book aims to provide invaluable insights into the importance of making wise financial decisions. Through understanding the distinction between assets that appreciate and those that depreciate, readers will be empowered to cultivate a more prosperous and financially sustainable future.

09/29/2023

Great show

09/25/2023

Available on Amazon, Barnes Noble’s and www.thefinancialguidelines.com

CHAPTER TWO
INSURANCE

The purpose of insurance is to transfer the risk of potential losses from an individual or business over to an insurance company. For example, when a motorist with insurance suffers an automobile accident, the insurance company covers any liability for physical or property damage. Additionally, if the motorist's vehicle sustains physical damage, it may be covered under supplementary insurance such as comprehensive coverage. Various types of insurance are available, including auto, homeowner, life, health, disability, accidental, and long-term care insurance.

While certain forms of insurance are required by government regulations, many are optional. For example, insurance is oftentimes mandatory when registering an automobile or owning a mortgaged home. Corporations may also decide to take out life insurance policies on key employees, essentially ensuring that they can benefit financially if they lose their services to that employee. It is evident then, that companies value insurance highly. This reveals an important lesson: if major businesses believe that insurance is important. We as individuals ought to value it too! The recent implementation of universal healthcare in the US—branded Obamacare—has emerged as a response to hospitals facing financial strain. This pattern highlights the reality that insurance is often mandated when it benefits someone other than the individual, while optional insurance related to individual risk is left to personal discretion.

09/25/2023

Many times you hear people say they don’t want to go to church because the people are hypocritical, liar, backstabbing and cheaters. I said to them it’s like you going to the hospital and saying there’s a lot of sick people there so am not coming back here. Church is a spiritual hospital for sick patients. Let the nurses prepare you for your rendezvous with the doctor (God) and avoid contamination from the other patients ( sinners) you will be alright.

09/18/2023

FOREWORD
________________________________________________________
By Chantell Davidson

When considering the concept of Generational Wealth, commonly associated with families like Rockefeller’s, Kennedy's, Vanderbilt's, and Hilton's, it becomes evident that none of these prominent examples are black families. Throughout American history, black families have struggled and fought for freedom, civil rights, and recognition of their humanity. Unfortunately, due to the ongoing battle for equality, the essential teachings of financial independence have been overlooked and neglected within today's generation of black communities. Although figures like Madame CJ Walker have achieved wealth in their time, their families have not been able to sustain that legacy. The idea of generational wealth thus feels distant for our demographic, as negative perceptions inherited from previous generations have hindered progress. Current generations are only discovering financial literacy and growth later in life through trial and error but imagine the potential if this knowledge were instilled at a younger age. This book has the power to effectuate such a change by providing comprehensive knowledge and tools that go beyond the surface-level financial literacy taught in schools. It aims to guide younger generations towards pursuing financial growth through various avenues, ensuring that both growth and knowledge are passed down more effectively. With emphasis on the significance of leaving a legacy, Frank Bonhomme’s work goes beyond the mere transmission of a family name. This is particularly crucial for black communities, where the encouragement and development of financial literacy, independence, growth, and knowledge have not been prioritized as they should be. The empowerment offered by this book will be invaluable to current and future generations, establishing a golden legacy that will endure for years to come.

09/15/2023

CHAPTER ONE
ENTREPRENEURIAL EDUCATION AND CARRIER OUTLOOK

Today, the desire to become an entrepreneur is prevalent among individuals from various backgrounds and age groups. But what exactly does it mean to be an entrepreneur? Before you decide whether you really do aspire to be the "Boss Chick" or "Boss Man" heralded by the younger generations, let us discuss what such a position involves.

An entrepreneur can be described as somebody who undertakes the task of building and operating their own business. What sets them apart is their ownership stake in the venture, which grants them the potential to reap substantial profits should their endeavors prove successful. However, along with the prospects of financial gain, entrepreneurs also shoulder a significant amount of risk—a far greater burden compared to that of a regular employee within an established company. This entrepreneurial risk can manifest in various forms, such as the possibility of losing one’s initial investment made or experiencing profound emotional distress, shame or embarrassment in the event of business failure.

Given the high stakes involved in starting and nurturing a prosperous business, it should come as no surprise that entrepreneurs typically share a specific set of skills that increase their chances of success. While some fortunate individuals seem to possess these skills innately, or at least cultivate them very early on, it is worth noting that others must acquire them through dedicated learning and experience. Ultimately, however, nobody is born a ready-made entrepreneur; Boss Baby exists only in the movies. Rather, the path to entrepreneurship always encompasses a blend of inherent abilities and the acquisition of knowledge and competencies that contribute to the growth and sustainability of your business.
One television show that captivates me is Shark Tank, a favorite among my family members. In the evenings, we gather around the living room, eagerly watching as aspiring entrepreneurs present their innovative ideas to the esteemed Sharks . We find great pleasure in witnessing the introduction of various concepts and the potential partnerships that may arise, and we like to place ourselves in the shoes of the potential investors.

During the show, one phrase frequently uttered by the Sharks resonates with us: "You have a business, but not an investable business." It highlights the distinction between having a promising idea and having a viable business model that can worthily attract investment. The Sharks often inquire about whether the entrepreneurs have patented their products, recognizing the importance of intellectual property protection, or whether the entrepreneur can prove that there exists a sizable market for their offerings.