Are You Cashing in to All the Ways You Get Paid as an Entrepreneur? One of the biggest ways and many times highly overlooked, is the tax savings! People that are employees and earn their wage on W-2 get paid and taxed way differently than people who are entrepreneurs or get paid on a 1099. This one thing is a major benefit to being an entrepreneur. And it’s one of the great benefits to being involved in network marketing!
So let’s talk about how this works exactly. As an employee you go out there and earn your keep during any given pay period. Then before you ever see your check, a big chunk is taken out. Most people pay anywhere between 24% and 48% in taxes. Then you get your check and you get to live on what’s left over.
Now Let’s Look at Happens When You’re an Entrepreneur. When you’re in business for your self, you go out there and you earn your keep. All your cash flow is generated. Then you get to write off and expense everything out. At the end of expensing everything out, you have a much smaller amount and that is what you pay taxes on. Then you pay your taxes and you get to save and invest was left over.
This is Paradoxically Different and Allows You to Get Ahead So Much Faster than the other way around. So what can you write off exactly? Here are seven of my top favorite write-offs. Watch the short video for more details…
Here is the link mentioned in this video: 4 ESSENTIAL ELEMENTS to ATTRACTING PROSPECTS TO YOU on Social Media These are things that I use all of the time! Download the MP3 and You can begin attracting Prospects ASAP! I know this will help and I am excited for the results you will get!
There is much more to come! I will be sharing on going business principles to Increase your Leadership, Maximize Results and help you become a TOP EARNER!! Be Blessed & Live Victorious!
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Summer Jeronimo’s Network Marketing Blog Post
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