Did you know that the tax laws in the U.S are geared to help businesses? Small businesses are the backbone of the U. S. economy. The large corporations get all the headlines but it is the small businesses that add the most jobs in this country.
If you are an employee you cannot take advantage of the tax laws in this country. Business owners take risks and incur expenses as part of operating a business. That is why the government has put into place incentives for people to go into business.
Businesses keep the economy going, they provide jobs, income flows, etc.
Becoming wealthy requires keeping your personal finances in order and developing several income streams. If you are a W-2 employee right now, it would be prudent to investigate the exciting world of business.
The Internet has changed the way business is being done and people are becoming millionaires in ever increasing numbers.
Becoming wealthy: Live debt free, develop several side businesses while keeping your day job, give in ever increasing amounts.
9 comments:
Hi Jacques .. that's a very interesting quick guide to financial freedom .. we could apply that in England .. & we most certainly need another business to get wealthy ..
Hi and thank you for the great posts on fiancially smart moves.
I've been down a few rocky roads over the years and try to live below my means to avoid all the stress that occured when I lived above them.
Paulette
You ar so right. When you look at the financial condition of our country today. You can't depend on our system to carry you through retirement or even get you to retirement. So you have to start taking control of your financial future and small business is the way to go.
You hear more and more everyday how people are losing their jobs. The number of home based businesses is growing like wildfire and most people are just being forced into it. Not many know the laws and I'm sure will not take all the benefits they have coming. Thanks for the info!
Louie, you're right. Look around and see what others are doing that's working and how they are doing it. Maybe you don't know, but there are a lot more taxes in Europe and they are higher. So think about what you can do and then do it.
Jacques, you have a great guide, I like it!
Stella
Jacques, OK brother where do I sign up? I need people like you on my side. Your blog has been personally favorited. Acually these blogs are getting better and better. Thank You
Successfully, JosephDiego Diamante
Peace, Love, Health, Happiness, and Massive Success
You are so right! The times have sure changed. A company won't take care of you anymore - you have to create a company and take care of it is how I see it. Incorporating is key also - then there are all new rules to follow which allows you to save on taxes and protect your assets. Keep up the good work! Lori On Maui
Jacques, Thank you for the financial Independence guide to living debt free. We will definately put your advise into use.
This is great info the only way to make it today start your own business!
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