"Craig Walcott ChFC: If you are npt in business for yourself it is impossible to take advantage of the tax laws! "

HOME BUSINESS TAX CONSULTANT


Of every 100 people entering the work force at age 18 by age 65:


20 have died
39 live in poverty
24 have subsistance level incomes
14 can support themselves
3 have incomes over $50,000 per year

Fact: more people are worth $250 at age 18 than at age 65
Fact: If at age 18 you saved $100 every month at 10% int, at 65 you'd be worth over
1 MILLION DOLLARS !
Why aren't we all rich? In Vegas terms it's because we think like the "Players" instead of like the "House" You'll never have money if you continue to act like the players. Las Vegas did not build all those beutifull hotels on the chance that they would make money. They built them on the knowledge that based on the numbers they couldn't lose!

  1. Fact: You have to be worth 10 times your salery for a company to employ you.
  2. Fact:The average worker in the U.S. makes approx. $25,000 per year.
  3. Fact: The average self employed person makes over $50,000
  4. Fact: A child born in 1995 will have to pay over 80% of their life time earnings in taxs (1995 numbers)
  5. Fact: You can't survive on numbers like that, you are forced to live off the government.
  6. No honest person ever became well off or even self sufficient living off the government!
  7. Fact: If you are willing to spend just a small amount of time managing your money, you can double or triple your spending power, giveing yourself the edge and changing the odds into your favor.


    HOW TO START THINKING LIKE THE HOUSE
    You can't take advantage of the tax laws unless you own a business so start a business.
    You'll never get paid what you are worth by working for someone else so start a business.

    OK! OK! so what business should I start?


    Here Are a few factors that you should concider first:
    1. How much time do I want to put into this business?
    2. Do I want to put any money into my business?
    3. How much of the paper work to I want to do?
    4. How much talent do I have in being creative?
    5. How much talent do I have in administration?

    After aswering these questions you will be better equipt to find the type business set-up to fit your needs best.

    1. Option A. Start a business from scratch.

      The benefits of a scratch business is that you have the highest profit margin and complete control of every aspect of the business. The short comings are that you must be capable of managing all the different areas of the business including personel, payroll, traval, accounting,research and developement etc. etc. These things are the downfall of many small business owners, we do only the parts of the business we like and tend to ignore the boring stuff. In addition we are financialy responsible for everything. Click here for some ideas

    2. Option B. Buy a franchise.

      The benefits are that we can pick something we like and just "plug into" a working system. The success rate are high and we don't have to be too creative. All of the systems are in place ane the company usually supports the owner with lots of training. The downside is that they are restrictive in what they let you do and they usualy reguire a large expenditure of time and money.
      Click here for some ideas

    3. Option C. Find a "NetWork Marketing" company.

      The benefits of a Network or MLM company are that they cost almost nothing to start the business. They have already but the products together and do most of the paper work for you. They are a true lifestyle business which allows you to deduct almost anything you do. You control your time and location. You work out of the house so you get to avoid rush hour traffic. The income levels can be outrageous with the added benefit of resdidual income (thats like a pension plan- the income continues even though you have stopped working) . The down falls are that there is not much structure to the work enviroment so you will need to be a self starter. Many people see the huge incomes and mistake the business for a lottery or get rich scheme. Most NetWork marketing people who are successfull devote as much time in their network as they would any other business. Some questionable companies encourage their distributors to invest large amounts of money into inventory. This practice is frownd on by most ligitimate companies. Click here for some ideas


      Thinking like the house means getting paid well, getting paid what you are worth and not giving money away money that could be used to better your bottom line!




      QUESTIONS E-MAIL CRAIG WALCOTT ChFC


      Long distance, 8.9 cents a minute flat rate - Or Have it Paid For You !

      note

      The information contained in this discussion is informational in nature and is not intended to take the place of your proffesional tax consultant. Before taking any deductions you should consult with your CPA, the IRS, any and all written books and magazines, Uncle Vinny, your horoscope, the psychic line and any number of other foolish things that the government beurocrates and an army of attorneys think I should warn you abought!







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