Whether you claim a business office in the home or are simply working at home, say because of COVID-19, you likely have some former personal assets that you now use for business. Ah, new tax deductions! Yep. Say you don’t claim a home-office deduction but now you are working at home and sitting in the…
In our experience, most small businesses don’t have nearly enough cash reserves in case of a significant economic downturn or other disruption. A J.P. Morgan report from 2016 seems to bear this out, too, determining roughly half of all small businesses held a cash buffer only large enough to support 27 days of their typical…
As a tax advisor, we know that having a home-based business is excellent tool not only for saving on taxes, but for the potential to dramatically increase your income to help pay for some bills or help fund your retirement account. Below is a great article by Robert Laura in Forbes Magazine. Would You Join A…
Have you ever questioned yourself if you have what it takes to do your home business? Have you ever questioned the products you promote or the leadership of the company you work with? What about the people you work with… have you ever questioned their integrity? Have you ever questioned the compensation plan or your…
So many people these days have turned to the Internet to make extra or full time income, myself included. To many people it's a new concept but hundreds of thousands if not more make great incomes using the good old Internet. Funny how in reality the Internet is not that old but it has changed…
Do you have a mortgage or rent payment? Most of us do. I'm sure the favorite part of your month is making that monthly payment right? Ya right! Doesn't it seem like those payments are always just a little more than we would like them to be and by the time we write that check…
↵ Earlier today, my business partner Joel Peterson posted a great video on how he is not only earning $1000 a month, but over 10 times that amount every month with his simple internet business. Many of you know Elizabeth and I, have been full time home business owners over 6+ years what you may…
Do you have a WHY? Many people get this confused with wanting to earn a lot of money in their business. In reality though money is usually not a strong enough WHY to keep people focused on their goals. Your why may be as simple as being able to stay home with the kids, or…
Feeling the Challenges of Financial Stress I remember a few years back, when I first started online. I became a friend and business partners I met through the internet shared a story with me that I have never forgotten. She told me about a time when she and her husband fought over little things… A…
Below is True story from my friend Joe, who lives out in San Antonio." Blessings, Carlos ____________________ True story.. I could not believe my 14 year old daughter said this to me! "Dad" she said, " I hate school" and " I am never getting a job!" Wow.. not something that any father enjoys hearing,…