Don P. Baker Financial Group

Bookstore

Pocket Change and a Prayer: That's All You Need to Get Started


Synopsis

My dad, Silas Baker, has always been my entrepreneur and financial inspiration.

In 1938, after marrying my mother, Lucille, on Christmas eve, with only the change in his pockets and a prayer on his lips, he left the red dirt cotton fields of Huntsville, Alabama and moved north to Nashville, Tennessee. He was 19 and my mother was only 17.

Dad had an uncanny ability to maintain his focus even when everyone around him lost his or hers. In more than 50 years as the Chief Executive Officer of his own companies, he never played hooky from work. Since I worked for him for 10 of those years, I often wished that he would say, “Don, lets forget about work today and go fishing.” But, of course, he never did. Committed to his big family, he took his family obligations and business responsibilities seriously.

Facing hostile discrimination, violent competitors, few resources, many obligations and very little formal education, dad built one of the most successful construction firms in middle Tennessee.

This book, with hundred of pages of researched information, is about how to create wealth by persevering during difficult life moments, understanding basic financial concepts and the power of God.

Financial Planning for the Not-Yet Millionaire

Synopsis

Financial Planning For The Not-Yet Millionaire focuses your energies on key financial components that will lay the foundation for exponential net worth growth. You can confidently take the offensive in managing your money for yourself, your family, and your company.

This is your first step towards making and keeping millions.

Below are a few answers that are inside:

  • What is the IRA waiting period between rollovers and the exception?
  • What are 529 plans?
  • What are the tax consequences if you inherit an IRA?
  • When can you convert and reconvert an amount from a traditional IRA to a Roth IRA?
  • Can IRA distributions be delivered outside the United States?
  • If you pledge your IRA as security for a loan, is it considered a distribution and be included in your gross income?
  • How do I figure the cost basis when the stocks I’m selling were purchased at various times and at different prices?
  • Do I need to pay taxes on that portion of a stock I gained as a result of a split?