The new federal budget was just released. Not surprising, taxes are going up for many people. Not just the super wealthy, many small business owners who create jobs for millions of Americans will now have to deal with a huge financial loss.
In a nut shell, overall income taxes are going up 4% (which is $10,000 per year for the LOWEST income earner who will be paying) AND a large part of mortgage interest will no longer be tax deductible AND some charitable contributions will no longer be tax deductible.
For these people to continue to grow personally as well as grow their businesses (thus keeping or creating jobs), they will have to find ways to shelter as much money as possible from taxes.
What's true for those affected by this federal budget, is also true for you. Even if you do not fall in the tax bracket that will pay these higher taxes, you need to lower your taxes as much as you LEGALLY can.
The most effective tax shelter for most people is a home business. In his book, "Lower Your Taxes Big Time," former IRS attorney Sandy Botkin says you can normally save $2000-$10,000 PER YEAR in taxes with a legitimate part-time home business.
There many types of businesses you could start and you need to decide what's right for you. The financial education class DOES teach about different business models so you can decide which is right for you.
Pablo
FinancialCrisisAnswer.com
Friday, February 27, 2009
Thursday, February 26, 2009
Why You MUST Have Financial Education During This Financial Crisis
I know. Investing and money can seem like a complicated subject.
Why take the time to really learn? After all, the market will come back. It always does, right?
Before I say anymore, take a quick look at this video:
Like it or not, you MUST learn about how money works and how to grow wealth or you're going to be in a world of hurt.
If you watched the video, then you know what is happening in regards to how much money is being printed. It's simple mathmatics, your dollar will be greatly weakened by this.
Imagine gas at $10 per gallon. Imagine bread costing $50 per loaf. It's not scare tactics. It's the simple mathmatics of what's going on. This has happened MANY MANY times in history before.
My honest desire is to help you and your family thrive during these tough times.
When the financial crisis hit, I saw many people being wiped out while my investments earned 40%. I believe it is the right thing to do to share what I've learned with you and your family.
Follow this blog as I will keep you up to date with financial tips and news that you need to move forward.
I encourage you to enroll in the financial education course where I will teach you what you need to know to thrive even during these tough times. Enroll now at:
FinancialCrisisAnswer.com
Pablo
Why take the time to really learn? After all, the market will come back. It always does, right?
Before I say anymore, take a quick look at this video:
Like it or not, you MUST learn about how money works and how to grow wealth or you're going to be in a world of hurt.
If you watched the video, then you know what is happening in regards to how much money is being printed. It's simple mathmatics, your dollar will be greatly weakened by this.
Imagine gas at $10 per gallon. Imagine bread costing $50 per loaf. It's not scare tactics. It's the simple mathmatics of what's going on. This has happened MANY MANY times in history before.
My honest desire is to help you and your family thrive during these tough times.
When the financial crisis hit, I saw many people being wiped out while my investments earned 40%. I believe it is the right thing to do to share what I've learned with you and your family.
Follow this blog as I will keep you up to date with financial tips and news that you need to move forward.
I encourage you to enroll in the financial education course where I will teach you what you need to know to thrive even during these tough times. Enroll now at:
FinancialCrisisAnswer.com
Pablo
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