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The article discusses how to use a mortgage to leverage up and invest. Suze Orman, the ubiquitous personal finance guru, advises her followers to pay off their mortgages and live debt free. If you struggle to pay your bills, Suze's advice is sound. But if you are in a high tax bracket and your main concern is investing for the future, ignore her. So long as you have the self-discipline to invest the extra money you borrow rather than fritter it away, you're likely to come out ahead by carrying a bigger mortgage. The reason is simple: the tax code. You can deduct interest on up to $1 million of mortgage debt (for the purchase of a principal and a second home) on your federal tax return. You can also get a deduction in 31 of the 41 states with income taxes, including such high-tax locales as New York and California, according to CCH Inc. For someone in the upper federal brackets living in a high-tax state, this can amount to a 40% or more government subsidy of borrowing costs.There are some restrictions and catches; for example, it's best to start out with a big mortgage rather than add on debt later.

An interview with Robert Brosterman, a member of the New York Bar, is presented. When asked whether personal audit leads to estate planning, he states that personal audit helps businessmen understand if they need any sophisticated planning. He states that businessmen's life insurance proceeds go to their family outside the will. He notes that businessmen can give their wives company group insurance.

This article presents a news concerning the strategic alliance between two partners Fred Wilson and Brad Burnham of AT&T Ventures for the technological investment business in New York City, New York. It is reported that back in the late 1990s, when New York City's Silicon Alley was paved with gold, Flatiron Partners was the financier of choice. The venture capital firm funneled gobs of cash into fledgling dot-coms, picking winners like GeoCities and spectacular losers like Kozmo.com, with its orange-jacketed bicycle delivery boys. Wilson and Burnham have decided to invest in software and Internet-related companies on the East Coast. Thomas Clarke, chairman and chief executive of TheStreet.com, commends Wilson for his approach.

Focuses on the effects of financial plan made by Nascar County executive Thomas R. Suozzi in various businesses in New York. Increase of sales tax; Reduction on the number of county workers; Control of government spending.

Focuses on the launch of a series of financial planning seminars by the New Rochelle Public Library in New York.

The article presents several business developments in Long Island, New York. A survey result showing that 20 percent of people asked, said that winning the lottery is their best chance in financial planning. Eve Schniebolk, a certified financial planner said that without depending on winning the lottery, people can still improve their personal situation by implementing other individual strategies. Representative Steve Israel continues to demand a change in the alternative minimum tax.

This article presents the factors that motivate the author to be an effective Centra Financial Group advisor in Rochester, New York. The author has a personal coach and mentor, whom his sales manager pays for as long as he accomplished his job. He flies to Philadelphia one day every three months to meet with his coach, Helen Davis, and send reports to her. The author was already in the Million Dollar Round Table, a financial association for the top five percent of producers in the industry, and qualified for the Court of the Table.

The Metropolitan Transportation Authority will unveil on Tuesday a four-year financial plan that projects large deficits in upcoming years. The agency was hit with charges that it manipulated its financial statements to justify the 33% increase in fares adopted in March. The authority has already released a preliminary budget for 2004 that does not include any fare increases.

Reports on the formation of a financial planning group at the accounting firm Coltin, Baddish & Shapiro in Mineola, New York. Tasks of the group; Tenure of the firm in the accounting business.

Assesses the effects of the financial plan on the political career of Thomas Suozzi, an executive in Nassau County, New York. Views of the minority groups on the proposed bill; Impact of the budget policy on various businesses; Factors influencing the decrease of job opportunities.

Assesses the effects of the financial plan created by Thomas Suozzi, Nassau County Executive, on his candidacy in the 2004 Election in New York. Increase of sales tax; Views of the businessmen on the proposed bill; Enhancement of the budget policy.

Reports on the assistance given by Merrill Lynch & Co. Inc. brokers, Mark Youngs, Rick Cullen and Bill Shields to families of the firefighters who died in the September 11, 2001 terrorist attacks in the U.S. through the Time to Take Control of Your Finances program. Involvement of the New York City Fire Department in the program; Relationship of Young with Ron Siarnicki, executive director of the National Fallen Firefighters Foundation.

Reports on the plan of New York Governor George E. Pataki's administration to outline a financing plan for the expansion of Jacob K. Javits Convention Center. Initiative of the government of New York that will link with the multi-billion bonding plan to redevelop New York; Announcement of the recent version of the proposed expansion of the Javits Center by Charles A. Gargano, chairman of New York's Empire State Development Corp.; Potential cost of the expansion project.

Reports on the release by the New York City Independent Budget Office of a report of the proposed capital plan of Mayor Michael R. Bloomberg on May 14, 2004 in New York. Value of borrowing over the next four years added by the plan; Increase by the proposed capital plan of the city's annual debt service costs; Reason behind the addition by Bloomberg of the debt to his new budget plan.

J.P. Morgan Chase & Co.'s unit for affluent investors has had a 300% increase this year in the number of financial plans it has prepared, and it has staffed up as more wealthy investors look to financial advisers for support. Barbara Goodstein, a senior vice president in Chase's personal financial services unit, said it has added 10 specialists to increase its total to 30. The New York company has $54 billion of assets under management. Ms. Goodstein said the personal financial services unit has succeeded by maintaining its customer focus.

Reports on the approval of a financial plan by the board of New York's Metropolitan Transportation Authority (MTA) for raising the fares for transportation in the city. Factors that led to the decision of MTA to approve the financial plan; Disappointment expressed by New York City Comptroller William C. Thompson Jr. at the board's decision; Features of the financial plan.