Survival tools for the busy woman

Emotional pain is all based on the ego’s opinion. It decides things should be one way and things don't always go the same way. It is not a pleasant thing to suffer an ego-hit but it happens to all of us. So say to yourself when things go against you “This is natural. it's ok, this too shall pass” and then move on.

If you must get obsessed about something make it your freedom. Strive to take what comes in your path and if its an obstacle then move around it

If you are suffering then do it in silence never mention it or hardly ever mention it. Whinging and moaning about it just makes it worse. Ask for 'relief'

Some emotional pain is sexual or romantic pining. Learn to be warrior and be celibate and wait till one person with decency and honor comes along. Most of the people you fancy are not worth having and they may hurt you in the end. Wait.

Family: much pain arises from within the family unit. Give up on your desires for them or your need to control them. You’ll die from it if you don’t. And remember Einstein said “It’s all relative!”

Rip Offs: Werner Erhard of the EST seminar trainings said “Life is a rip off then you die” He was right. So get over it and focus on all the things that are beautiful and not a rip off.

 Lavender is a protector. When you feel emotional go to silence and put lavender in your bath water. When you get out put a few lavender drops in a towel and rub yourself down with it. As your skin radiates the flower essence the your vibration eases and changes. You become freer.. Be eco friendly and use handkies not tissues put a few drops of lavender on your handkerchief and smell it throughout the day.

You will thank yourself for it.

super...

A tax exemption on superannuation earnings supporting pensions and annuities will be capped at $100,000, and anything above that level taxed at a rate of 15 per cent, the Federal Government has announced.

Announcing long-awaited changes to superannuation in Canberra today, Treasurer Wayne Swan said the measures would only impact on those with super assets of more than $2 million, or about 16,000 individuals.

The Government has been under pressure to detail any changes to superannuation planned for the May budget, with ongoing speculation that it would increase taxes for high earners.

Mr Swan said there was a disproportionate level of Government support that flowed to a select few.

“There is something wrong in the system where working Australians on average wages are providing excessive support to people with millions in their superannuation account,” he said.

“Why should someone who has millions of dollars in a superannuation account pay no tax on their earnings while someone on $80,000 a year pays a marginal tax rate of 37 cents in the dollar on every additional dollar they earn.”

Mr Swan said the changes addressed that imbalance.

Opposition Leader Tony Abbott has vowed to “fight ferociously” to block Labor's latest changes to superannuation.

“It is a raid on people,” Mr Abbott said.

Mr Abbott said the changes would play havoc with retirement plans.

“We will fight ferociously to stop this change from going ahead,” he said, adding it was a Government raid on people.

“Every time a government raids people's funds, there are shades of Cyprus about it.”

Under existing arrangements, all earnings on assets supporting income streams (superannuation pensions and annuities) are tax-free, in contrast to earnings in the accumulation phase of superannuation, which are taxed at 15 per cent.

The $100,000 threshold will be indexed to the Consumer Price Index, and will increase in $10,000 increments.

Assuming a conservative estimated rate of return of five per cent, earnings of $100,000 would be derived from individuals with around $2 million in superannuation.

These changes will not affect the tax treatment of withdrawals.

Withdrawals will continue to remain tax-free for those aged 60 and over, and face the existing tax rates for those aged under 60.

The changes will save the Government about $900 million over the forward estimates.

Combined with changes announced in last year's budget to increase the tax rate of 15 per cent to 30 per cent for those earning $300,000, the measures will save $10 billion over the next decade.

The Government will save $6 million applying the new concession cap to those on a defined benefit fund, such as federal politicians and judges.

The Government will simplify the design and administration of the proposed higher concessional contributions cap by providing an unindexed $35,000 concessional cap to anyone who meets certain age requirements.

It has decided not to limit the new higher cap to individuals with superannuation balances below $500,000 in light of feedback from the superannuation sector.

The system of excess contributions tax, introduced by the Howard government in 2007, will be changed.

Excess concessional contributions will be taxed at the individual's marginal tax rate, plus an interest charge to recognise that the tax on excess contributions is collected later than normal income tax.

About 59,000 people on the top marginal tax rate will have a slightly larger tax liability because of the interest charge.

Treasury estimates in 2013-14, the change will reduce the tax liability of about 41,000 people by an average $1300.

Superannuation Minister Bill Shorten said the Government was acutely aware that many people approaching retirement were keen to boost retirement savings beyond the mandatory contribution.

For people aged over 60, concessional caps will be increased from $25,000 to $35,000 from July 1.

That concession would be extended to those aged 50 and over from July 1, 2014.

There will be further changes to the handling of lost super accounts.

Last year, the Federal Government announced lost super accounts up to the value of $2000 would be transferred to the Australian Taxation Office, to protect them from being eroded by fees.

The balances would also earn interest equivalent to the consumer price index once they are reclaimed.

The balance threshold will be increased to $2500 from December 31, 2015 and $3000 at the end of 2016.

“This means that rather than shrinking, people who are temporarily disconnected from their super, will have it grow by the time that it's found,” Mr Shorten told reporters.

A 20-year-old with $3000 in an inactive superannuation account will be able to claim about $3400 from the ATO after five years.

Mr Swan said the change in the tax exemption cap on earnings would help restore a number of the original intentions of the superannuation system to keep it fair and sustainable.

Manufacturing activity has fallen for the 14th month in a row, according to a survey from the Australian Industry Group released today.
More businesses are closing due to aging manufacturing population and apprentices not being encouraged to enter the manufacturing and "hands on" work force as more and more Australians go for work in "clean" work environments such as offices rather than in building and manufacturing. I think we may be a few moreyears away from 3D printing storming the market place.

Cougars, grr

Light reading for the weekend

Allure did another one of those fluffy surveys.  This time it was to find out how men and women really feel about a woman’s changing looks, the effects of plastic surgery, and whether sex gets better with age.  Allure polled 2,000 people nationwide

survey says:- women believe their beauty peaks at 31 – but agree with men that 30 is the most seductive age for a woman.

- men are the most confident in bed between the ages of 50 and 69, while women experience their peak of sexual confidence between age 18 and 29.

-57% of the men and women polled agreed that sex gets better with age, only a third of male baby boomers said they were attracted to women their own age.

-36% of men between 18 and 29 say that ’cougars are hot’.

-women are more pressured to look young.

-grey hair makes a women look old, but on a man it’s considered distinguished…although 63% of men color their hair to look younger, compared to only 36% of women.

Overall, 70% of men and women say they take non-invasive anti-aging measures, and only 1% admit to getting cosmetic surgery, injections and/or laser treatments.

thought for the day

so few people view low interest rates as a form of financial repression that favours the elite

reverse mortgaging

If you have a home that's paid off - or almost paid off - a reverse mortgage can help you live better by providing a steady stream of dependable income.

This type of mortgage is called a reverse mortgage because instead of you paying the lender a certain amount per month for a certain number of years, the lender pays you. These payments are cash advances against the value of your home.

There are different kinds of reverse mortgages, but all of them are similar in certain ways. You continue to own your home just as you do with a normal mortgage. You pay the property taxes and are responsible for maintenance, homeowners insurance and property repairs.

At the end of the mortgage, you or your heirs must pay all of your cash advances plus interest. If you or your heirs cannot do this, the lender can foreclose on your house.

There are financing fees associated with a reverse mortgage just like with a forward mortgage. The money you get form the reverse mortgage can be used to pay these fees. These costs are added to your loan balance and must be paid back with interest when the loan is over.

How much money can you get with a reverse mortgage?

The monthly amount you get will depend on your age and the value of your home. Here's an example. One reverse mortgage currently available is the Federally-insured Home Equity Conversion Mortgage or HECM. Assuming you have a home worth $200,000 and owe nothing on it, an HECM could get you $641 a month for the rest of your life. Alternately, you could get a credit line account in the amount of $107,466 that you then could draw from whenever you wished. Or you could choose to get a single lump sum payment for the same $107,466.

Keep in mind that, as a rule, reverse mortgages are first mortgages. In this case, if you still owe any money on your home, you must pay off the old mortgage first. If you don't have the money to do this, you can usually use money from the reverse mortgage to pay off the old debt.

How much will you or your heirs end up owing?

The debt will equal all the cash advances you have received, plus all interest that is added to your loan balance. If that amount is less than your home is worth, you or your heirs get to keep the difference. The other good news is that you can never end up owing more than your house is worth at the time the loan is repaid.

If you are "house rich" but "cash poor," a reverse mortgage could help make your golden years more golden, However, make sure you read the loan papers carefully to be certain you understand all the loan's conditions.

Wouldn't you like to know more than 100 ways to save money and live better? For example, there are several simple ways to save money on your auto insurance that insurance agents will never tell you. You can learn these tips and many other money-saving tactics by clicking here. Do this today and start enjoying a happier and less stressful life.

Article Source: http://EzineArticles.com/128247

start of something extraordinary

Three lenders cut some of their variable interest rates in the past week. Unsurprisingly, they did not include the major banks, but financial comparison website RateCity says it is “the start of something extraordinary”.

IMB cut one home loan by 0.05 percentage points, BMC Mortgage cut several loans by 0.10 percentage points and Holiday Coast Credit Union cut several loans by 0.20 percentage points.

RateCity said it was the first time it had recorded three lenders cutting variable home loan rates out-of-cycle.

"While there have been several rate increases out-of-cycle, we've never seen lenders drop variable home loan rates while the cash rate remains stable,” said RateCity spokesperson Michelle Hutchison.

"Lenders have room to move after keeping on average 0.42 percentage points of the Reserve Bank's 1.75 percentage point cut to the cash rate since November 2011 from variable home loan borrowers. If these three lenders can afford to cut variable rates out-of-cycle, other lenders - including the major banks - have no excuse to sit on their hands."

Hutchison said borrowers needed to take control of their home loan instead of waiting for a discount from their lender.

"This is the start of something extraordinary as it's likely to shake up the home loan market,” Hutchison said. “It opens the door for borrowers to expect better deals and more discounts without needing to wait for the Reserve Bank to lower the cash rate.

"But it will be up to borrowers to keep your lender in line with the competition: find out what interest rate you're paying, compare your home loan to the rest of the market and demand a discount from your lender or switch to a better deal.”

She said a 0.20 percentage point discount - for instance, for a $300,000 home loan dropping from 5.9% to 5.7% - could mean a saving of $456 per year or $13,680 over 30 years.