HOME BUSINESS
(There is a FREE home
business offer at the bottom of this page)
Investing in your own Business.
If you
do it right it can be one of the most rewarding investments you make. If you do
it wrong it will be a headache that could cost you Thousands.
The dream
of course is working when you want, not having a boss breathing down your neck,
Not having a long commute, and of course doing work that you LOVE.
The
problem comes when people buy into their own business, but aren't willing to
REALLY work the business. There are benefits and drawbacks to any job/business.
Some people can't handle a business because they need to have someone pushing
them every day otherwise they wouldn't get anything done.
Business is an
INVESTMENT; it is an Investment of both TIME AND MONEY. If you have started
your own business lately, have you invested the time and money needed to build
your business? A business doesn't grow on its own. It needs to be worked.
Sometimes that means throwing $$$$ at it and sometimes that just means rolling
up your shirt and working it.
A business can be worked full-time or
part-time but IT DOES HAVE TO BE WORKED. Sitting in front of the T.V or reading
a business magazine isn't working your business. Talking up your business in a
chat room doesn't do a whole lot to the bottom line.
Their are SO many
businesses out there that a person can do. If you have a REAL desire to work for
yourself, it can be done. It DOESN'T matter if you have a lot of money or not.
What matters is your desire/passion for the business. If it is something that
you REALLY WANT, you will get it. If I told you that I would give you $5,000 in
3 months if you could come up with $1000 in 30 days, would you do it? OF COURSE
YOU WOULD. And if you didn't have the $1000 I am sure you would get creative and
find it. Cut out on your cable TV for a couple of months, eat Mac and cheese the
next month, borrow money, or collect cans on the side of the road. Whatever it
took, I am sure you could come up with the money NO MATTER WHAT $$$ YOU
CURRENTLY HAVE. I used that EXAMPLE to illustrate that if you want something
badly enough you will find a way to get it done.
Same goes for a
business. It is YOUR business. You can be as successful as you want to be. If
you want to work your business, there are many successful people willing to show
you how to be successful if you are willing to
work.
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Hopefully by now
you realize the power of a Home Business and the Tax Advantages that it offers.
Below I am going to show you a little example of a way that you could put $500
or more a month back into your pocket (Of course these are just estimates and
each person will experience different amounts but the example is a powerful
illustration of how it would work for you).
Jack makes $30,000 a year has
a mortgage, job, etc... He has a 30 year mortgage at a good rate, his job is
secure and he pays roughly $5,000 a year in taxes. Let's assume there is no
inflation, no tax increase/decrease, and everything is the exact same for 30
years.
At the end of 30 years Jack has paid off his Home, still has his
job which he likes and pays $5,000 a year in taxes. Jack has actually paid
$150,000 in taxes over that 30 years (30 years x $5,000=$150,000). Jack also
paid roughly $170,000 in interest on his mortgage (6.5%/30 years/$135,000)
(Assuming no re-financing etc..).
So all totaled, Jack paid $150,000 in
taxes + $170,000 interest on Mortgage or $320,000 in taxes and mortgage interest
during that 30 years.
JACK THREW AWAY $180,000 OVER THAT 30 YEARS. That
averages out to $500 each and every month. A lot of people work 40-50 hours a
month or longer to earn that kind of extra money and Jack just threw it away. I
will show you how.....
Now lets assume the same thing with Jack. He has
a $30,000 job that is secure and he has a 30 year mortgage payment. EVERYTHING
IS THE EXACT SAME AS ABOVE EXCEPT 2 THINGS:
1. JACK HAS HIS OWN HOME
BUSINESS.
2. JACK USES HIS MONEY WISELY BY PAYING OFF HIS MORTGAGE THE
SMART WAY LIKE IN THE FOLLOWING INFO. (CLICK HERE FOR
SITE)
Jack has his own home business. Whether he his making $100 a
year off it or $100,000, it doesn't matter. As part of this example, all that
matters is he is making an effort to make the business work. Now with all the
deductions he is able to take, (home office, phone, electric, mileage, trips
etc...) instead of paying $5,000 a year in taxes, he is only paying $2,000 in
taxes each year. He is SAVING $3,000 EACH AND EVERY YEAR IN TAXES NO MATTER HOW
WELL HIS BUSINESS DOES. Over a 30 year period that is $90,000 saved in HIS
POCKET (30 years x $3000=$90,000)!
Jack also decides to use his money the
RIGHT way when it comes to his mortgage and ends up paying off his mortgage by
using the system that is talked about from
Pay Your Mortgage Off Now. He uses
the system and pays off his house in 10 years instead of 30. Just by using his
money smarter, he saves 20 years of mortgage payments which gives him peace of
mind plus he saves roughly $90,000 in INTEREST alone!
So he saved
$90,000 in taxes + $90,000 in interest for his mortgage. A total savings of
$180,000 over 30 years! This averages out to $6,000 each and every year or $500
each month!
THAT IS WHY IT IS COSTING YOU BIG $$$ IF YOU DON'T HAVE A
HOME BUSINESS AND IF YOU AREN'T USING YOUR MORTGAGE THE RIGHT WAY.
(If
you make more than $30,000 a year or have a mortgage bigger than $135,000, you
would save even MORE! You could make less than $30,000 as well. This was just an
EXAMPLE).
DO YOU EVEN KNOW HOW MUCH YOU ARE THROWING AWAY EACH
MONTH?
DON'T CHANGE YOUR LIFESTYLE. CHANGE YOUR THINKING ABOUT MONEY AND
HAVE MORE OF
IT.
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What can you do for a home
business?
There are millions of things you can do and you can
start with little or no money.
What are your interests?
Do you have
a skill that you could turn into extra money?
Many people sell things on
eBay. They go around to yard sales and buy things and resell them on eBay. If
you have your own little niche you could do well. Maybe you only buy old
Children's books and that is your niche.
I didn't say having your own
home business would be a snap but even if you only have 20-30 minutes a day (3-5
hours a week) to work on something, it's a start.
Pick up a Home
Business or Entrepreneur Magazine the next time you are at your local
bookstore. There are hundreds of ideas in each of those. Do some web searches in
the area that you want to work.
If you find something you really enjoy,
it won't seem like work and it will keep you motivated even if you have
non-profitable weeks/months.
There are thousands of businesses that you can
do. Do something that you love!
I do have a FREE Home Business that you can do
if you are interested in checking it out. Go to
http://www.weekendprofits.com It
is something you can do on the weekend and make some extra $$$ with. There is
No cost for the information. I used to sell the information for $25 but want to
give people who read this website the opportunity to start their own
Business.
Check out our "Trading" Section and "Make $$$
this week" section for other Home business Ideas.
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