Many of us were taught “Go to school, get a bachelors, get a job with benefits and retire” . That could be the farthest from the truth in today’s world. Today you see retirees competing with teenagers for jobs because their pension doesn’t pay the bills. With rising rent, rising food costs, rising gas, rising health care costs, where is the rising salaries? Let me tell you a secret…..IT WONT HAPPEN! Now let me be clear, I am not an advocate of quitting your job and go blindly into your pursuing your passion. That’s what I actually did and let me be the first to tell you, its not easy! After all it takes money to make money right? I would rather you work SMART and pursue your passion while working your J.O.B. (just over broke). Its never too late or too early, but its always smart to plan, plot and strategically execute. First thing you must ask yourself is What would you do for free? or What can i do for fun and get paid to do it? Why you ask? Simple, would you stop doing something you’re just doing to pay bills to pursue something that you have no passion to do? Our whole goal in life is to live the life we want to live not the life that’s handed to us right? I think as Children we did things we wanted to do because we didn’t have bills, responsibilities or a care in the world. When “life” hits we tend to do what we have to do, Right? I have a mantra ” do what you have to do to get where you have to get” . We all want to live without worrying how we going to pay a bill or to go shopping, party, dine out, etc. without wondering “am i going to have enough to pay my bills”.
What if i told you that this is 100% possible? What if i told you that just by being a small business owner, it entitles you to 72 more tax breaks for doing the same things you want to do? This article http://www.ehow.com/info_7743478_advantages-starting-small-business.html Explains some of the tax benefits of being a small business owner. Dining, travel, shopping, even having a home office can all be taken out as deductions on taxes. As a business owner myself, I can personally tell you, the whole conversation changes between you and the bank, the courts, and even enforcement. The most significant benefit of owning a business is the freedom to do what you want, sink or swim in my opinion.
So when people ask me which do I believe in working smart or hard. I tell them ” I work harder to work smarter” Linear Income meaning putting your time in directly for the money that you agreed to take, is only one form of income. Lets start educating ourselves on Passive and Portfolio Income. So we can wake up in Tahiti and check our bank accounts and it is larger than when we checked yesterday. That’s what they call making your money work for you! Linear income cannot do this unfortunately. I have a saying ” I don’t create problems, I see or hear problems and create solutions for them”. Lets be a solution based Nation instead of a complaining and problem creating one. If you are tired of working hard and want to start working smart for more information Click here for the next event!
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