Day 172 of the 365 Days CHALLENGE to Build Wealth! A Limited Liability Corporation or LLC structure for your business is very beneficial and flexible for many reasons… it is good for tax reasons… it is good to limit your exposure to creditors and potential legal problems… it is ideal when you have other partners. However, depending on your end goal, […]
Day 171 of the 365 Days CHALLENGE to Build Wealth! When an S-corporation is a good idea? What happens if you lose your S-corporation status with the IRS? Can you have foreign partners owning a percentage of an S-corp? How about taxation? How are you taxed on an S-corp? These and many more questions Garrett Sutton explains in a simple to […]
Day 170 of the 365 Days CHALLENGE to Build Wealth! When to use a C-corporation and the reasons behind it… Not only from the legal standpoint you need to know this information, but also from the tax savings point of view. If you choose the wrong entity, you will probably be paying the consequences and high price of taxes and less […]
Day 169 of the 365 Days CHALLENGE to Build Wealth! We live in a world where anyone can sue you for anything and have a field trip with you if you are not properly protected… so this week, we are going to learn about asset protection and protecting yourself from credit predators and their attorneys. Since I am not a lawyer, […]
Day 168 of the 365 Days CHALLENGE to Build Wealth! “The greatest gift you can ever give another person is your own happiness.” – Abraham Hicks. Get yourself stable on the idea that being happy every day is a good thing. Find things that make you feel happy inside. Do things that pleases you. Surround yourself with people that invoke your […]
Day 167 of the 365 Days CHALLENGE to Build Wealth! “Be your own artist, and always be confident in what you’re doing. If you’re not going to be confident, you might as well not be doing it.” – Aretha Franklin. When you believe in yourself you honor yourself. When you honor yourself, you show yourself that you value yourself, that you […]
Day 166 of the 365 Days CHALLENGE to Build Wealth! “Coming together is a beginning; keeping together is progress; working together is success.” – Henry Ford. Find those people who will align with your goals and make it a purpose to work with them. Putting together your best team is your job in order to achieve success. P.S… To receive every […]
Day 165 of the 365 Days CHALLENGE to Build Wealth! “Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” -Thomas A. Edison Coming from someone who failed thousands of times and also found plenty of success with his inventions…it will be nice to model after him. Confidence. Persistence. Passion… […]
Day 164 of the 365 Days CHALLENGE to Build Wealth! “The four Cs of making dreams come true: Curiosity, Courage, Consistency, Confidence.” – Walt Disney. You knew this… didn’t you? Now, What are you doing next to build your networth, your wealth and your life? P.S… To receive every piece of advice and recommendations up to now, to catch up with […]
Day 163 of the 365 Days CHALLENGE to Build Wealth! The hardest thing when you think about focusing. You think focusing is about saying “Yes.” No. Focusing is about saying “No.” And when you say “No,” you piss off people. – Steve Jobs. And that has to be ok for you when you are building your wealth. Most people are barely […]