It’s officially tax time – a time to look back over the previous year with an eye toward maximizing deductions and tax credits and lowering your tax burden. Taxes is one our biggest expenses that eat away at our income but you can use a strategic approach to lower or eliminate those expenses. Wanted to share a personal testimony on one of our newest member Anya Tolbert of the Extra Digit Movement from Montgomery, AL. Shes been a business owner for a couple of weeks and already soaking in the financial education like a sponge. When we sat down and applied the strategy to start cleaning up her Cashflow she managed to generate $175 bi-weekly from her paycheck in tax savings. Thats $350 a month, $4,200 annually where she found immediate tax savings just from becoming a business owner. She didnt sell or market any products, she used a simple strategy that ANYONE can use. Now she has new Cashflow to use that she didnt have before to start eliminating debt. Becoming an entrepreneur can improve your tax situation because business owners are able to take more control over how they pay taxes. They have the option of keeping more money in their company instead of drawing it down as income, and they can also count certain costs as expenses. The goal is to get this money back into your household so that you can eliminate your debt. Individuals that are part of the Extra Digit Movement understand building wealth is a process but awareness is the key to start that process. Find out how Anya Tolbert lowered her tax expenses by inboxing me directly. Its not how much you make from your endeavors; its what you do with what you make will determine your financial success. Get debt out of the way: youtu.be/vSYGZPMnrO4
Posted on: Tue, 18 Nov 2014 17:28:44 +0000
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