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2017 | Business from Home | Even those with jobs should start one 4 Tax Advantages

2017 | Business from Home | Even those with jobs should start one 4 Tax Advantages

Feb 5, 2017

The most tax advantaged way to do business is to do it from home, even if you already have a good job.  A home business can be anything that you are good at, know about, or have something to say about.  You can write off travel and entertainment expenses, part of your housing expenses, and legally and ethically boost your income without tax consequence legally and easily if you know how. What you spend from this years tax returns on doing so, will come off the top when you file taxes next year, before you declare any income.  I legally supplement my early retirement income, pay zero taxes on that income, I do not declare enough profit to reduce my early retirement income, and I do my taxes in less than thirty minutes online, without submitting any documentation; and you can do that too. In my case, it is an online consultancy, and independent journalism (blogging).  So, I can work from anywhere, from home, and do this. To protect your assets, whatever they are, from real estate to income, it is a very good idea to form a separate entity for the business, with it’s own assets, liabilities, and credit rating; usually an LLC, which is a very flexible entity that can be taxed like a corporation or a partnership, can be an investment trust (like an R.E.I.T) or any service business like mine, or even an online store. If you have a high paying job even, the tax advantages of this can be huge: by offsetting a large portion of you current living expenses against any income that you generate, even if you lose money, which is expected for three years after you start that business. If you seek advice from accountants and lawyers, they will offset any savings with fees, and are not business people themselves really, very pragmatic, and security minded. Fortunately, you do not need them to do this, because it is your right.   For many many businesses, all that you need is: An Internet connection A website Online Marketing Your time and talent Any expertise or knowledge of a market that you bring with you from your previous...

101 | Defining Infinite Potential 2 a Finite Mind | BBA in Life

101 | Defining Infinite Potential 2 a Finite Mind | BBA in Life

Jan 29, 2017

People have perspective, “World View” which is based on their past, their history.  This can be very self-limiting. In order to expand a person’s horizons, their perspective becomes an obstacle, or a tool, depending on how well you understand this. Put simply, in order to move someone upward from where they are, you must first understand who they are, and where they are coming from, and this is done by asking questions, leading questions. In a way, all questions are leading questions, because the person who is asking is leading, and the person who answers is following. A question is not just words, but also tone, volume, body language, and conviction.  Some of my favorite ways to start these questions are: Imagine that…what would you say then? What if I told you that…what would you say then? What if…what would you do then? What do you think about ….? How do you feel about…? My favorite question is this one: “Forget for a moment everything that you believe to be true: suppose that tomorrow it was revealed to you that what actually was true was this…how differently would you act then, what would you do differently?” By challenging someone to change for a moment their self-limiting assumptions, and consider another point of view as the truth, you allow them to experience a broader perspective. In fact, what you decide to believe is real to you! Ask a thousand people what is real truth, and you will get 1000 completely different answers.  The world you live in is largely created by your beliefs.  People get confused between cause and effect.  If you through a rock into still waters, you cause ripples.  If you cut someone, they bleed, and you become a cutter. Since what you do is up to you, what you believe is also up to you. The most important decision that you will ever make, is what you decide to believe, because that belief is what creates your world, your limitations, and your true potential.  Yet most people are simply at effect, what I call sheeple.  They believe whatever is fed to them, what others believe, and what is easy to believe, and...