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	<title>Real Estate Drill Sergeant&#039;s blog at FranklinCruz.com&#187; drill sergeant real estate</title>
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		<title>How to be a BILLIONAIRE..</title>
		<link>http://franklincruz.com/2010/09/05/how-to-be-a-billionaire/</link>
		<comments>http://franklincruz.com/2010/09/05/how-to-be-a-billionaire/#comments</comments>
		<pubDate>Sun, 05 Sep 2010 20:29:04 +0000</pubDate>
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		<guid isPermaLink="false">http://franklincruz.com/?p=124</guid>
		<description><![CDATA[Do you want to LEARN how to be a BILLIONAIRE. Then check this out. 7 Spending Tips From Frugal Billionaires: Carlos Slim Helu (Carlos Slim), a telecom tycoon and billionaire with well-known frugal tendencies, has a net worth of $60.6 billion, according to Forbes. Assuming no changes in his net worth, he could spend $1,150 [...]]]></description>
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<p>Do you want to <strong>LEARN </strong>how to be a <strong>BILLIONAIRE.</strong> Then check this out.<br />
<strong><br />
7 Spending Tips From Frugal Billionaires:</strong></p>
<p><strong>Carlos Slim Helu (Carlos Slim)</strong>, a telecom tycoon and billionaire with well-known frugal tendencies, has a net worth of $60.6 billion, according to Forbes. Assuming no changes in his net worth, he could spend $1,150 a minute for the next 100 years before he ran out of money. To put this in perspective, he could spend in 13 minutes what a minimum-wage earner brings home after an entire year of the daily grind.</p>
<p>Granted, the world&#8217;s billionaires (all 1,011 of them) are in the debatably enviable position of having, quite literally, more money than they can possibly spend, yet some are still living well below their means, and save money in surprising places. Even non-billionaires (currently 6,864,605,142 of us) can partake in these seven spending tips from frugal billionaires:</p>
<p><strong>1. Keep Your Home Simple</strong><em><br />
Billionaires can afford to live in the most exclusive mansions imaginable &#8212; and many do, including Bill Gates&#8217; sprawling 66,000 square foot, $147.5 million dollar mansion in Medina, Wash. &#8212; yet frugal billionaires like Warren Buffett choose to keep it simple. Buffett still lives in the five-bedroom house in Omaha that he purchased in 1957 for $31,500. Likewise, Carlos Slim has lived in the same house for more than 40 years.</p>
<p><strong>2. Use Self-Powered or Public Transportation</strong></em><br />
Thrifty billionaires including John Caudwell, David Cheriton and Chuck Feeney prefer to walk, bike or use public transportation when getting around town. Certainly these wealthy individuals could afford to take a helicopter to their lunch meetings, or ride in chauffeur-driven Bentleys, but they choose to get a little exercise and take advantage of public transportation instead. Good for the bank account and great for the environment.</p>
<p><strong>3. Buy Your Clothes off the Rack</strong><em><br />
While some people, regardless of their net value, place a huge emphasis on wearing designer clothes and shoes, some frugal billionaires decide it&#8217;s simply not worth the effort, or expense. You can find David Cheriton, the Stanford professor who matched Google founders Sergey Brin and Larry Page to the venture capitalists at Kleiner, Perkins, Caufield &#038; Byers (resulting in a large reward of Google stock), wearing jeans and a t-shirt.</p>
<p>Ingvar Kamprad, the founder of the furniture company Ikea, avoids wearing suits, and John Caudwell, mobile phone mogul, buys his clothes off the rack instead of spending his wealth on designer clothes.</p>
<p><a href="http://finance.yahoo.com/banking-budgeting/article/110550/tips-from-frugal-billionaires?mod=bb-budgeting">Click here for more:</a></p>
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		<title>ObamaCare Taxes Home Sales</title>
		<link>http://franklincruz.com/2010/07/26/obamacare-taxes-home-sales/</link>
		<comments>http://franklincruz.com/2010/07/26/obamacare-taxes-home-sales/#comments</comments>
		<pubDate>Mon, 26 Jul 2010 19:23:53 +0000</pubDate>
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		<description><![CDATA[“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,” President Obama, September 12, 2008 Beginning January 1, 2013, ObamaCare imposes a 3.8% [...]]]></description>
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<p>“I can make a firm pledge.  Under my plan, no family making less than $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,”<br />
President Obama, September 12, 2008</p>
<p>Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.</p>
<p>In February 2010, 5.02 million homes were sold, according to the National Association of Realtors.  On any given day, the sale of a house, townhome, condominium, co-op, or income from a rental property can push middle-income families over the $250,000 threshold and slam them with a new tax they can’t afford.   </p>
<p>This new ObamaCare tax is the first time the government will apply a 3.8 percent tax on unearned income.  This new tax on home sales and unearned income and other Medicare taxes raise taxes more than $210 billion to pay for ObamaCare.   The National Association of Realtors called this new Medicare tax on unearned income “destructive” and “ill-advised” and warned it would hurt job creation. <a href="http://franklincruz.com/wp-content/uploads/2010/07/download.jpg"><img src="http://franklincruz.com/wp-content/uploads/2010/07/download-300x211.jpg" alt="" title="ObamaCare Taxes Home Sales" width="300" height="211" class="aligncenter size-medium wp-image-32" /></a></p>
<p><strong>How do you feel about this NEW HOME SALES TAX??</strong><em></p>
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