Warren Buffett is the quintessential investor and when he talks, people listen. Here are 4 words of wisdom from his interviews I used at a recent Investors Meeting.
1. Be Decisive
2. Be Willing To Be Different
3. Be Persistent
4. Bet On America: Be Positive
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Top 5 Tax Deductions
“If you don’t build your dream, someone else will hire you to help them build theirs,”
1. Mileage and vehicle maintenance: Any time you go to a prospect’s house or you are running errands for the business, all that is tax deductions. Once you leave your primary work to go to someone’s house or business to work on your home based business, that’s a tax deduction. Keep track of all your mileage, but at the same time, keep track of your maintenance. Now, sometimes you have to choose one or the other. Now, I personally use mileage, mainly because of the areas I go to trying to spread out to as many people as possible. Also because we have our “Super Saturday” we have our events, that’s a ways off, mileage adds up. The IRS has pretty good mileage rates so definitely go with mileage, in my opinion.
2. Travel related expenditures: Not just mileage. For example, I went to the Eric Wory’s Go-Pro Network Mastery event. Of course, I flew out there, that’s travel, I got to stay at Bali’s that’s travel, the event itself counts also. All of those travel expenditures count as tax deductions. Now, you’ve also got food, 50% of food counts, if you are paying for somebody else’s, if you are doing a business expense, that counts also, so if you are going for work, if you are going for that secondary home based business, then, that’s a tax deduction. Now, they don’t say but you had fun on the side. No, no, they say if you are going somewhere for a business, you get to pay or you get to use that as a tax deduction. So, keep that in mind as one of my favorite ones because I love to travel and I love spreading my ideas and savings I can get other people.
3. Personal insurance: If you are able to go through and keep your home based business as your primary business use of health care and your personal insurance, then you can work with the IRS and use that as a tax deduction. This also works for social security.
4. Computers and other electronics: If you are buying programs just for your home office, if you are buying a computer, if you are purchasing laptops, if you are getting special projectors, whatever, if that falls into it, again, tax deduction. If you’ve got a special program that you are a member of, then you want to use that as a tax deduction. You want to be able to say, “I spend this much on my business’ laptop, or ipad or iphone or whatever it is. Now, also, thrown in there, your telephone bill can be thrown in there also as a tax deduction.
5. Training and training materials: Warren Buffet was asked, “What’s the major investment that people need to make?” Without hesitation, the main investment should be in yourself. If you invest in yourself you will reap benefits and rewards for yourself for years to come.
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Help Out The Site: I feel it’s great to help others. I believe you want to help out and here is a way you can help me out. Click on this link and SHOP ONLINE. That’s it.
Open your thinking as the Rich World Class do.
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Help Out The Site: I feel it’s great to help others. I believe you want to help out and here is a way you can help me out. Click on this link and SHOP ONLINE. That’s it.
Dale Carnegie was a major success and here are his 10 Rules of Success.
There you go. Follow these rules and your life will change for the better.
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Help Out The Site: I feel it’s great to help others. I believe you want to help out and here is a way you can help me out. Click on this link and SHOP ONLINE. That’s it.
Why Did You Decide To Start Your Own Business? I’ve been asked this a few times. I can explain the Tax Deductions or I can explain the money, but then I can explain the savings I have to offer and I can explain helping others. But I always have to explain the big WHY! Because I’m tired of watching my yearly money shrink. With inflation going thru the roof, we worry about gas prices going up every day and health care taking a bigger bite from our paycheck every time the insurance companies decide they need more money. And don’t forget, we are never guaranteed another week at our Primary job. “Why Did You Decide To Start Your Own Business?” I want more than what a regular 9-5 paycheck offers. I want to share my belief with everyone. We can save and we can earn for us. We can show others how to have control again of their future and their fortune.
There are a few things I want to do, but there are a few things I don’t want that my own business provides. I don’t want to worry about money so much. I don’t want to tell my kids “I can’t afford that.” I don’t want to feel I can’t find a way to make things happen. I don’t want to live paycheck to paycheck. A second job helps to fill those gaps. It’s not easy, but it’s worth it. It’s hard, but it’s possible. Don’t let them tell you it won’t work. Ask me how. Ask me what I have to offer. Ask me “Why did you decide to start your own business?” and I’ll explain more.
Is it easy? No, but nothing worth doing ever is. However, I believe you can do it. I believe we can share in our success and I believe your hard work and a great plan will get us there. Contact me and find out what I have for you, your family, and small business.
Tony Robbins has a great plan for Financial Freedom.
When is a Great Time to Start a Business? It’s Early…Get Started Now! Or maybe it’s too late? Don’t lie to yourself, it’s very rarely too late. Can we wait for the perfect time to start a business? Can we wait to lose that weight? Can we put off till tomorrow that change we know is needed? Believe we can’t wait. I say, Now is the time. Now is happening. Nike says, “Just Do It.” They are right. Get out there and do whatever it is you want. Make it happen. Tomorrow never gets here, but we can plan for our future by doing today. NOW!
I believe now is the time to start. I believe we can profit from savings and earnings along with our primary job. I’ve discussed Tax Deductions, I’ve discussed following our dreams. I believe we need a Second Income to help us and our family. I feel strongly that we will make a difference in people’s lives if we just share what we have. Join my team and learn what it takes to save money and earn for your family and business. Start today. If you hesitate, you lose, but if you jump to the challenge, you will win or at least learn to win. We fail because we aim too low and hit our target.
Contact me today and I’ll share my beliefs for savings and earnings.
Here is a video of one of the great legends in motivational speakers. Listen and realize, you can do it. “It’s Possible!” – Les Brown
Why Don’t We Quit? It’s a valid question for some people. Why don’t we just give up and take the easy route? Why do we keep doing that “thing” that seems to have no end or no “Light at the End of the Tunnel”? Why? Why Don’t We Quit?
Don’t get me wrong, I’m not talking about doing the same thing over and over again expecting the same result; that’s crazy. I’m talking about striving for a dream and a goal that you know is right for you and your family, but is just out of reach. The type of dream that others tell you isn’t right or isn’t possible, but you know it will work. Why do we keep going? Why Don’t We Quit?
We keep going because to stop and give up means we fail ourselves. It means we let ourselves down. The thought of giving up again repulses us to our core and to return to the ordinary and average makes me chilled. I don’t want to stay like this. I don’t want to be “normal” anymore. I want to be rewarded for my deeds. But for some people, giving up isn’t even a factor. The ones who keep going and never show their doubt. I admit, sometimes I forget they are human with doubts and flaws, but they make it seem so easy to just stick with it and never give up.
Why Don’t We Quit? We must remember what Les Brown has said,
“There are winners, there are losers and there are people who have not yet learned to win.”
Why Don’t We Quit? Because, I’m still learning how to win, but I’m not giving up.
What happens when your primary income is gone? A quick story: A friend of mine is having a job crisis because out of the blue her job is gone for the next unknown amount of time. She should be panicking and scared, but she’s not because she has the added income from her part time job. Her part time job is going to give her peace of mind while going thru the absence of a weekly paycheck.
This happens too often to people, but you can fix this. What happens when your primary income is gone? Have a secondary income. Work for your fortune with your part time job. Don’t rely upon your primary income to solve your problems if you already have income problems. Health insurance is always going up. The government isn’t going to give us more. Your job doesn’t want to pay you more. They might eventually, but it’s not going to just happen out of the blue. We have to make our future happen. A secondary income will give you the chances you can use to build your fortune.
So again, I ask; What happens when your primary income is gone? Along with the tax deductions I’ve mentioned, I have a great and excitingly wonderful opportunity to grow your fortune as you work part time.
“Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn
As always, please contact me for information to help your family and business save money and put money back into your pocket.
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