May 18
I'm busy enough! I don't have time to start a business! What good would it do me anyway? Well, having your own business is one of the best ways to save money on taxes and considering that many of you just finished paying Uncle Sam all your wages from January to May 2000, I thought you might be interested in this topic. Consider this example. If you work for someone else (as in a JOB), your finances flow somewhat like this: 1. Earn the money 2. Pay Taxes 3. Spend the money When you have your own ...
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May 17
You may have heard the famous quote by J. Paul Getty about not getting rich until you are self employed. Did you know that he also said "No one can possibly achieve any real and lasting success in business by BEING A CONFORMIST." The same is true for your money. Unless it's working for you, it's working for someone else. Tired of the roller coaster stockmarket or standing in the IPO line hoping that they don't "sell out" before you get there (but knowing they will)? Let's look at a better ...
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May 17
"Whatever you have, spend less" - Samuel Johnson. Every day we make decisions about money, which have an effect on our standard of living. Sometimes they are only small ones, not related to the above-mentioned areas of life. Daily you have to make financial decisions on which items to spend your money. You are in effect the managing director of your family's business. Spend more than you get in, your company (business) will soon go broke. Consequently, you have to ensure that you live ...
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May 17
"Whatever you have, spend less" - Samuel Johnson. Every day we make decisions about money, which have an effect on our standard of living. Sometimes they are only small ones, not related to the above-mentioned areas of life. Daily you have to make financial decisions on which items to spend your money. You are in effect the managing director of your family's business. Spend more than you get in, your company (business) will soon go broke. Consequently, you have to ensure that you live ...
Read the rest of this entry »