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Spin it up

April 13th, 2005 - Comments

I was browsing through the iTunes Music Store today and found something really cool - Celebrity Playlists. Now, unlike other types of celebrity offerings you find online, I particularly like this for a good reason, courtesy of Tony Robbins: find people who have achieved what you want to achieve and model their means of success. There are a lot of celebrities who got lucky; however, there is an equally large number of celebrities who busted their asses for years to achieve, and finally did.

One of the most primal, fundamental keys to our psyche as a race is our response to rhythm and music. In every culture around the world from the hyper-elite cyberjunkies in Manhattan to the bushmen of the Kalahari, there has been music. Try an experiment sometime when there’s a crowd of people just standing around. Get out a portable boombox or radio and play some music with a distinctive rhythm and I guarantee that you will achieve a level of control over the crowd. You can influence the mood just by the kind of music you play.

SO what does this have to do with iTunes? Well, it’s an interesting way to see how celebrities think and feel, what tools they use to motivate themselves. In addition to the songs on their playlists, celebrities also include descriptions of why those songs appear there. For example, Tom Brady (you do know who Tom Brady is, right?) has a whole series of songs that he’s annotated as to which ones he plays before games. To see how someone who is an achiever motivates himself is a powerful insight, and well worth a few minutes of browsing. You’ll need to download iTunes, but it is free.

Visit iTunes.com - and if you come across any of those free song Pepsi caps, maybe you can start accumulating the music collection of the people you want to model for success.

Student loans and taxes

April 1st, 2005 - Comments

Someone called in today asking about student loans and taxes. Here’s the skinny: Student loans by themselves are not tax deductible, but the interest you pay on them is. How do you know how much you’ve paid in interest? You’ll receive a tax form in the mail - an IRS 1098-E - which will list how much you are allowed to deduct.

Important: You cannot take this deduction if you use the 1040EZ form. You must use either Form 1040A (line 18 ) or Form 1040 (line 26) to take advantage of this deduction. You cannot claim the student loan interest tax deduction on your tax return in any tax year you are claimed as a dependent by another taxpayer; if you are married and file a separate tax return; on student loan interest paid to a related person; or for any amount that you deduct for tax purposes on your tax return under any other provision of the tax law.

The tax deduction is phased out for taxpayers with modified adjusted gross income between $100,000 and $130,000 for joint tax return filers ($50,000 and $65,000 for single tax return filers).

Didn’t get a 1098-E? Contact your lender.

Don’t know who your lenders are? Try our Loan Locator.

Want to increase your deduction for next year? Consolidate your student loans today and you’ll be able to deduct more next year. Visit: http://www.studentloanconsolidator.com today to consolidate your loans.