Category Archives: Savings

My Toastmasters Speech #7: Top 5 Tax Deductions for a Home Based Business Ep. 53

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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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How Can I Save Your Business and Family Money?

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BrownSupport.com can show you how to bring in more customers, save money, expand your dollar and give a benefits package to your family and employees.

Send me an email or message me on Facebook or Twitter and I’ll show you how to save money and put it back in your pocket. This could change your life.

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I’m Going for 20!

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I have a goal. I’m going for 20!!!

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What Books Am I Reading?

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Here is a quick list of some of the books I’ve been reading. I’ve finished most of them, but I like to go back and pick up ideas.

There you have them. A quick list of books that you are can check out and share.

You may Contact Me or email me at SteveBrown@BrownSupport.com and follow me on Twitter: @brownsupportky

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Things to Come…

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From December 5th thru the 8th, I attended the GoPro Network Marketing Pro Recruiting Mastery Event put on by Eric Worre. It was an amazing event and gave me some wonderful ideas and it really changed my outlook and belief in what I have and what I have to offer people and what I can do to help others. In the coming weeks I’ll be writing about some topics and nuggets I found from this event and a few stories that will help you and myself learn more.

Highlights from the Event:

  • Activity will grow the roots for you business to rely upon for the future
  • People by the “why” before they buy the what and how
  • Greatness never goes on Sale
  • I AM GOOD ENOUGH!!! Sell yourself
  • It’s selfish to fear rejection
  • All Excuses are evil
  • Action kills pain and cures problems
  • Treat every call as if it’s worth a million dollars
  • Our goal is Education and understanding
  • Be the Leader your team needs
  • And many more…

These are some high points and I’ll do into more detail in each article.
The event shifted my views 180 degrees. My belief in the profession of network marketing is solid.

You may Contact Me or email me at SteveBrown@BrownSupport.com and follow me on Twitter: @brownsupportky

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Monday Words of Encouragement

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As Les Brown says…”It’s Not Over Till I Win!”

And Easy isn’t an option…

You may Contact Me or email me at SteveBrown@BrownSupport.com and follow me on Twitter: @brownsupportky

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.

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6 More Benefits of More Cash Flow

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Good afternoon and welcome again. I have 6 More Benefits of More Cash Flow. Recently, I was working on my personal business outlook and found some sites to expand and re-enforce my belief in everyone owning a home based business. Times are changing and will continue to change. More intelligent people than I am have explained how business is changing. People like Jim Rohn, Robert Kiyosaki, Warren Buffet and Eric Worre have said for years, a major way to get financial freedom is to have a home based business. Beyond the money, there are more benefits to owning a home based business.

  1. Flexibility – My father letters signs and vehicles on the side. He’s done this for years and has a big following and a reputation for getting the sign or vehicle done for his clients. He was able to have a home based business while he worked his 40 hour a week job and used his painting business to make ends meet and save up for the vacations our family would take growing up. The flexibility allowed him to do both his primary and secondary jobs. He made his own hours for the signs and his clients. You can do this also.
  2. Keep the Money – It’s your business and you keep the money you make. It’s not going to your boss or the corporation you work for. I had a friend tell me once; “Yeah, you make the money, but you still have to pay taxes on it”. True, but there will be tax deductions and plus, it’s still YOUR money. You earn it and you keep it and spend it for you and your family.
  3. No Area Restrictions – I have a friend who is a nurse. Like most of you, she has to work in the same place all day, however, her home based business allows her to go out and meet people from all walks of life and work with them anywhere. She’s not trapped by location in her home based business. Most of my co-workers and I have a set schedule to go by and a cubicle to work in, but our home based business lets me go out and work with others outside my office. And remember what my friend Mike Sims says, “Home based doesn’t mean home bound. You have to leave to make it work.”
  4. Scalability – The ability to grow and not be held down. Or you can shrink when you need to. You aren’t held to a set size. If you have office space or a store front, you are locked into a long term lease. You can’t cut back on rent or utilities. With a home based business, you can change easily and adjust to the circumstances. If you get sick and can’t make it to the office, that is wasted rent and upkeep. With a home based business, you can adjust quickly and make it work.
  5. No One to Answer to – This is a double edged sword. No one to tell you what to do. No one to set your schedule and no one looking over your shoulder or breathing down you neck. All great things. You have freedom and You are the BOSS. But you also need discipline. You only have yourself to answer to and for some, this could be a deal breaker, but I have faith in you. Be your own boss. Be what it takes to grow your future.
  6. Tax Benefits – I love this one. I really do. I’ve written entire articles on this one topic. (Really, it’s right here) Did you drive for your business? Mileage deduction. The mileage counts for 55.5 cents a mile according to the IRS.com. Did you use a room for office space? That percentage of your mortgage is your business expense. Did you travel to work with someone? Mileage, food and motel costs are deductible. Did you buy business cards, fliers, training material or anything else exclusively for your business? Deductions. As always, save all questions for your personal accountant. I talk to mine every month.

Here are some other sites that may help: SciTechDaily, AllBusiness, Investopedia, kevindonaldsononline, and Lara Sodon.

“Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.”

― Jim Rohn

You may Contact Me or email me at SteveBrown@BrownSupport.com. I will get back with you as soon as possible.

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.

 

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Yes Man!

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The other night I needed to watch something and I decided to re-watch the 2008 Jim Carrey movie, Yes Man. And I’m glad I did. It reminded me to open myself up to talking to people. The character, Carl, said “No” to everything because he was hurt and if you don’t get your hopes up, you can’t be hurt again. However, an old friend of his invited him to a event (Sound familiar?). His friend said “Say Yes”. Carl shows up after realizing something wasn’t right in his life (sound familiar?). He was introduced to “YES” and the leader of the “YES” movement made a covenant with Carl. From this day forward, you will say “yes” to every opportunity and your life will grow and you will be happier. How many things have we said “no” to because it wasn’t the right time or because we were worried about getting hurt? Or do you tell yourself “no”, because your mind made up a negative scenario? My mind screws me up all the time. So I decided to be a Yes Man in my mind. If my mind comes up with a negative scenario, I’m trying to say “Yes” to it.

In the movie, there were some negatives that occurred from Carl saying yes to everything, but for the most part they were minor in comparison to the major positives going on around him. We will always get a few negative responses, but those are just stepping stones to our success. Also, keep in mind, “Yes” brings openness to changes in your life. “Yes” brings about possibilities. If you find yourself blocked by negative thoughts, just be a Yes Man and do it anyway. Or when a friend offers to share his new business, say “yes” to hearing about it. You can say no later, but at least you gave it a try. You may not partake, but you might be able to help him in some way. Or what about in the morning when you are tired and don’t want to get up. Say “YES” to making yourself move. The extra little positive to get going. Treat any mental block as a time to say “YES” to that opportunity; even if it’s minor. Time for me to go share my Savings and Earning with people.

“In order to succeed, your desire for success should be greater than your fear of  failure.” – Bill Cosby

Learn to say ‘no’ to the good so you can say ‘yes’ to the best.
John C. Maxwell

I only have ‘yes’ men around me. Who needs ‘no’ men?
Mae West

You may email me at SteveBrown@BrownSupport.com. I will get back with you as soon as possible. Contact Page.

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I turned 41 on the 5th of July.

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I turned 41 on the 5th of July. I’m sorry for the long absence. With the 4th of July holiday festivities, time off from work and my 41st birthday, I’ve been quite busy. This weekend was interesting. We had rain every day except Sunday that caused my original plans to be canceled. So what did I do? I did something else. I was productive. I did clean up and I worked around the house. I then called some contacts and got myself moving. I ended up spending my birthday with a houseful of relatives who I don’t get to spend enough time with. I made the best of what I had at the time. Did I do everything I could have done? No, but I’m not going to beat myself up over. I enjoyed what was happening and I didn’t look at the negative. So many times, we look at what might have been and judge our situations by what we think should have happened. But, things are better for us when we look at what is and look at how things are. Focus on reality. Don’t let yourself say “If Only…”, this causes us to second guess yourself and dwell on “Might Have Been’s”.

This has been a short article, but I want you to remember, life is too short to have “If Only’s” and “Might Have Been’s”. Keep going, make things happen and don’t give up.

As always, Contact me for Saving and Earning for you, your family and business. Also, Help the site out by shopping here. Click on this link and SHOP ONLINE. That’s it.

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Who Do You Look Up To?

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Who Do You Look Up To? We all look up to someone. Either close to us or from afar. They could be famous or just an average person who gets our attention. They may invoke trust or emulation. They probably have flaws, but we look past the flaws to the greater good and do our best to learn from them. In facts, the flaws may be the characteristic that sets them apart and cause us to appreciate them even more by allowing the positive traits to stand out and shine even brighter. Below are some of my favorite people in the Network Marketing community. Each one brings a different quality to the table and have helped me grow my mindset and get me moving to a future that will allow me to help my family and friends financially and socially.

  1. Eric Worre – Eric Worre was 23 years old and realized he found what he was looking for. Network Marketing is a better way. It’s a stone cold fact. In the last 20 years, Eric’s passion has been helping others focus and develop the skills to grow in this profession. Eric’s book, Go Pro, has opened my eyes and shown me just what is out there and what I can do to make me a true professional in this business. Anyone that signs up with me gets a copy of Go Pro. That’s how much I love it. He does video blogs on his site and they are always informative. Check him out on Twitter also: @EricWorre
  2. Jim Rohn – I couldn’t list all of this man’s achievement’s, quotes, books, articles, Youtube videos, and TV appearances in one post. His motivating words are known throughout the world. He traveled everywhere to pass on his belief that we are greater than our situation and we don’t need to wish for better times, but for us to be better. “Don’t wish it were easier; wish you were better. Don’t wish for less problems; wish for more skills. Don’t wish for less challenges; wish for more wisdom.” I listen to this man at least 4 mornings a week.
  3. Les Brown – The other 3 days I listen to this man. Les Brown is a testament to motivation. You have to listen to him to really get the full impact. His voice, his passion, his spirit comes through and I know to believe it when he says; “IT”S POSSIBLE!”. Be sure to listen to him on Youtube, also. Twitter Account: @LesBrown77
  4. Jackie Ulmer – She’s the self proclaimed recovering MLM Skeptic. This site wouldn’t be here if it wasn’t for her and the teaching she’s done. She has shown me the steps to get a website off the grown and at the same time gave me the confidence that Network Marketing is for real. Her podcast is topical and straight to the point with great information for any level. She has coached thousands how to start, own and operate successful home businesses. Twitter Account: @jackieulmer
  5. Todd Falcone – I found out about this guy through Eric Worre. Known as the “The Fearless Networker” with over 21 years of marketing experience, Todd now spends his time teaching and coaching companies and individuals across the world.
    He is the President of Reach4Success, LLC and has authored hundreds of articles including Insider Secrets to Recruiting Professionals, How to Win in the Game of Prospecting, The Little Black Book of Scripts, and The Fearless Networker. I love The Little Black Book of Scripts and read it often. Twitter Account: @todd_falcone
  6. Troy Dooley – I listen to this guy numerous times a week on his podcast “The Beachside CEO” on the Blog Talk Radio Network. He has that Entrepreneurial mindset and is a great motivator as well as a wonderful source of experience. His decade plus network marketing experience has uncovered new techniques and new mindsets as well as a few controversies. He is a speaker, a trainer and will be the news director for “The HBRN News Desk”. Like I said, I listen to him weekly and he always seems to have the right story or book to get me to think properly, stay dangerous and act like I’m in network marketing. Twitter Account: @troydooly

Who do you look up to? Come up with your own list and see who speaks to you and who motivates you. It could be anyone, but these guys and lady all give me information, motivation and confidence to do what needs to be done. They all give me belief in myself and they make me stand proud for what I’ve chosen to do.

Who Do You Look Up To?

Who Do You Look Up To?

As always, Contact me for Saving and Earning for you, your family and business.And also, “Who wants to go on a Cruise?” I DO!!! I’ll let you in on how to go on a cruise. This is a very limited time offer and I need to hear from you soon. I believe you can do it.

Also, if you want to help me out, Click on this link and SHOP ONLINE. That’s it.

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