A few years ago if you had said that the economy was in decline
I would have panicked like everyone else but because I work at
home I'm not crying in a corner wondering what I'm going to do.
Working at home offers many benefits. Of course you save money
on gas since you don't have to get up for the morning commute; I
also like to think I'm doing my share for the environment by
working from home. You save on lunch and clothes and there are
tax benefits if you work at home. But none of those are the
cause of my sleeping easier at night.
When you work at home you suddenly become aware of more income
generating opportunities. And among them are methods of creating
residual income. These are when you work once but get paid over
and over again. For example, if you wrote a book, each time you
sold a copy you'd be earning a residual or passive income. It's
when you get paid for what you did rather than what you do.
Majority of people look for linear income job opportunities
because that's what we've been taught and are used to. You get
up, go to your job, perform certain tasks through out the day
and then get paid by your boss.
Like many people who want to work at home, I decided to cut out
my boss. I thought by being self employed I'll have a greater
chance of getting financial freedom. But creating financial
freedom online via linear income opportunities is a lot of work.
I'm not ashamed to admit that I'm a little lazy. I figure if
I'm going to work at home, I don't want to work more than I did
when I worked outside the home. Nor do I want to get myself in
the same financial trap that my old job put me in.
Unfortunately, a number of work at home jobs do this, because
they only offer a linear income. Sell an item, get paid, find
some one else to sell the item to. Or do a task, get paid, do
the task again, get paid. I'm not knocking these jobs. I'm
teamed up with several legit work at home companies that offer
these types of jobs but I wanted financial freedom and I knew I
wasn't going to get by being a slave to the linear income
mentality.
The best way to grow wealth is with passive income. Instead of
selling an item once and getting paid, sell the item to the same
person over and over again. For instance, if you sold a
membership to a website all your subscribers would have to renew
their subscription.
Therefore wherever you were, even if you were sleeping or sick
you'd make money because each and every time a person bought or
renewed their subscription you'd earn money.
Once I teamed up my linear and passive income making
strategies, I was making a lot more money without doing any more
work. I am no longer worried about my financial future. I'm not
having an anxiety attack because I can't meet my bill payments
and I no longer feel the way many people who work at home do,
that is-scared that they may not have another customer for
weeks.
Combining linear and passive income strategies is the best way
to work at home; it's the best way to grow wealth.
About The Author: Jeff Casmer is an internet marketing
consultant and work at home business owner. His "Top Ranked"
(http://www.24hourwealth.com/work-at-home.html) Work at Home
Directory gives you all the information you need to Work From
Home in the 21st Century.
Tuesday, May 12, 2009
Tuesday, April 28, 2009
Entity Structuring!
Entity structuring is the use of limited partnerships, limited
liabilities, and corporations. These can help you accomplish
three things:
1. Bullet-proofing your assets so that the bad guys are worse
off if they try and take them away from you.
2. Slashing your taxes so that they are within single digits.
3. Protecting your privacy and building lasting wealth.
Let me explain how this works with the following example:
A case study: My friend Patrick grew up with the family
business. His family sold expensive boats. His business grew. He
was a financially intelligent man so he wanted to add a stream
of income. Therefore, he decided to start a Marina, a land
storage facility, a parts shop and a show room. I wanted to make
sure he was properly protected and that he had bullet-proofed
his assets. However, he was too busy making money to focus on it
at that time. This was his fatal flaw. One day, I got that
dreaded call from Patrick. The sheriff deputy was there to shut
down his businesses: the Marina, the parts shop, the storage
facility, and the show room. His business was locked down with
pad locks in a matter of hours. Within six months, he lost all
of his personal assets and filed both personal and corporate
bankruptcy. The tragedy here is beyond his loses but the fact
that this situation was completely avoidable. You can prevent
this from happening to your business by using two power tools:
1. Limited Partnerships: separate legal entities. They separate
your personal assets from business investments.
2. Limited Liability: similar to Limited Partnerships as they
form a wall between you and the creditors and predators.
These two power tools include a built-in charging order that
does not apply to your typical "S" or "C" corporations. A
charging order basically states that the "bad guys" cannot go
after your assets. They will be able to go after income but not
after you employ the following strategy. We can set up a
separate management company for you. Then, you can shift your
money from your LLC or LP into your separate management company.
The last step in your protection is called imputing income, and
it finalizes the prevention of lawsuits. The IRS can step in and
tax these bad guys for the money they are suing for (even when
they are unable to collect this money.) This ensures the fact
that suing you will not be worth the effort.
In summary: They cannot touch your assets because you have
protected them. They cannot receive the income because you have
shifted it out. They are left with heavy taxes imposed by the
IRS. Therefore, the likelihood of you being sued is next to
nothing.
My name is Drew Miles and I would like to offer you a free tax
savings special report & Free Tax Saving Webinar, and all you
have to do is visit my website! For more information about these
tools and more please visit me at my site!
About The Author: I have spent years studying the tax code
looking for ways to help people lower their tax bill and keep
more of what they earn. -Drew Miles Find Out More:
http://www.save10kintaxes.com
liabilities, and corporations. These can help you accomplish
three things:
1. Bullet-proofing your assets so that the bad guys are worse
off if they try and take them away from you.
2. Slashing your taxes so that they are within single digits.
3. Protecting your privacy and building lasting wealth.
Let me explain how this works with the following example:
A case study: My friend Patrick grew up with the family
business. His family sold expensive boats. His business grew. He
was a financially intelligent man so he wanted to add a stream
of income. Therefore, he decided to start a Marina, a land
storage facility, a parts shop and a show room. I wanted to make
sure he was properly protected and that he had bullet-proofed
his assets. However, he was too busy making money to focus on it
at that time. This was his fatal flaw. One day, I got that
dreaded call from Patrick. The sheriff deputy was there to shut
down his businesses: the Marina, the parts shop, the storage
facility, and the show room. His business was locked down with
pad locks in a matter of hours. Within six months, he lost all
of his personal assets and filed both personal and corporate
bankruptcy. The tragedy here is beyond his loses but the fact
that this situation was completely avoidable. You can prevent
this from happening to your business by using two power tools:
1. Limited Partnerships: separate legal entities. They separate
your personal assets from business investments.
2. Limited Liability: similar to Limited Partnerships as they
form a wall between you and the creditors and predators.
These two power tools include a built-in charging order that
does not apply to your typical "S" or "C" corporations. A
charging order basically states that the "bad guys" cannot go
after your assets. They will be able to go after income but not
after you employ the following strategy. We can set up a
separate management company for you. Then, you can shift your
money from your LLC or LP into your separate management company.
The last step in your protection is called imputing income, and
it finalizes the prevention of lawsuits. The IRS can step in and
tax these bad guys for the money they are suing for (even when
they are unable to collect this money.) This ensures the fact
that suing you will not be worth the effort.
In summary: They cannot touch your assets because you have
protected them. They cannot receive the income because you have
shifted it out. They are left with heavy taxes imposed by the
IRS. Therefore, the likelihood of you being sued is next to
nothing.
My name is Drew Miles and I would like to offer you a free tax
savings special report & Free Tax Saving Webinar, and all you
have to do is visit my website! For more information about these
tools and more please visit me at my site!
About The Author: I have spent years studying the tax code
looking for ways to help people lower their tax bill and keep
more of what they earn. -Drew Miles Find Out More:
http://www.save10kintaxes.com
Hot Party Franchises for the Fun Entrepreneur
People have a tendency to draw a stark line between who they
are in their personal lives and who they are in business. While
many businesses operate this way to create a high level of
professionalism at the work place, some businesses function
better when the atmosphere is more casual and relaxed, and it
can often be very lucrative to choose a job that utilizes your
natural personality and passions. One great example is the party
industry. The person who is instinctively able to see the big
picture for an event, organize people, and throw an exceptional
party is not at all restricted to only doing so for friends and
family; their services are in high demand in the marketplace,
and not just in the specific business of party planning. There
are a few different avenues with plenty of business
opportunities for someone who loves having a good time and
ensuring that other people have a good time too.
Party Planning
Obviously, there are party franchises opportunities in the
realm of party planning, because folks of all walks of life
enjoy a good party, but not everyone has both the time and
talent to organize a fun and functional party. There are two
franchise businesses in this $500bil industry that have made
their mark by organizing the best events.
One such business is Plan Ahead Events, a franchise opportunity
that is known for organizing everything from simple meetings to
conventions and trade shows with a solid sense of both
professionalism and style. This work from home business takes
people with the natural focus and ambition necessary for a good
event planner and teaches them all they need to know about
finding clients and orchestrating resources to make a great
party. Depending on the city you want to operate in and what
resources you will need access to from the outset, prices can
range from $26,000 to $33,000, which is a reasonable price for
entry into what is one of the 50 best industries, according to
CNN/Money Magazine.
One Hour Parties is another exceptional name in party planning,
in part because they specialize in a corner of the market that
few do: the one-hour office party. Birthdays, successful
business deals, expansions, promotions, there are a number of
great reasons to throw a quick party in the middle of a work
day. It keeps up morale without costing anyone a good deal of
time, except for the person who has to organize the party. But
if a company can outsource that part of the event,
business-as-usual is not interrupted. That is precisely where
this home based business steps in, arranging the party on the
company dollar, not the company time. Very low overhead and
shorter timeframes for events make this the perfect opportunity
for an entrepreneur who likes to be able to bounce quickly from
job to job.
Party Facilities
Party planning is great for some, but others prefer something a
little more regular than a business that varies greatly from
party to party. For such a person, opening an entertainment
franchise for people to come and party on your terms is a great
alternative.
Most of us have been to some form of a kiddy play land,
designed to engage and entertain children of all ages with
various games and attractions. It's a profitable business
because kids are always interested in having fun, and parents
are always interested in throwing birthday parties without
having to clean up afterward. With a Recess franchise, parents,
kids, and the franchisee get to "go bananas." There are three
different investment levels to choose from that represent
different designs that each include a wide array of inflatable
attractions, redemption games, and even toddler entertainment.
Depending on what will work in your area and what you're capable
of investing, there is sure to be a right choice for you.
Sometimes, however, party facilities are a little more specific
as to the kind of entertainment they provide. Laser Nation and
Monster Mini Golf are two such examples. Laser Nation franchises
take advantage of the growing trend of laser tag. The concept is
simple: people come in to a location and pay money to play
various games built on shooting each other with high-tech laser
guns, which is surprisingly fun. With the franchisor helping
throughout the establishment of the business and continuing to
give marketing resources, a franchisee could easily be set up to
schedule birthday parties and family outings for people every
week. As fun as laser tag is, though, some people find no party
more fun than a classic round of miniature golf, or putt-putt,
and none is more fun than Monster Mini Golf, the only place that
mixes ghouls and goblins with golf balls. The family
entertainment industry is one of the largest and most steadily
growing markets available, and with the balance between
self-determination and oversight that only a franchise can
offer, this may be the perfect way for you to enrich the
community, entertain the masses, and make your money all at the
same time.
Party Retail
Finally, if actually planning parties or providing the space
for them is not your idea of fun business, perhaps offering the
equipment and tools for them is. If so, a Discount Party Store
retail franchise is an excellent choice that brings parties and
retail together. Considering themselves the "Cadillac" of party
stores, Discount Party Store helps you make your business all
that it can be for the needs of your particular area. Depending
on what you can afford and what your store needs, there are
plenty of options in size and merchandise that you can choose
from, and the merchandise is always second to none, because the
franchisor keeps in constant communication with product
providers to ensure quality. The words franchise and franchisor
here are somewhat deceptive though, because this is not truly a
franchise: from day one, the owner is completely in charge of
the operation and never has to pay royalties. By and large, it's
a good deal.
Whichever aspect of the party industry is your personal
favorite, there is a franchise that undoubtedly works with your
natural propensity to prepare and throw noteworthy parties.
Anything can be a money-making tool, and nothing more so than
the business of fun.
About The Author: Find more
http://www.franchisegator.com/Party-Franchises/ party
franchises,
http://www.franchisegator.com/Child-Party-Franchises/ child
party businesses and information about other
http://www.franchisegator.com/directory/ franchises at
http://www.franchisegator.com/ Franchise Gator
are in their personal lives and who they are in business. While
many businesses operate this way to create a high level of
professionalism at the work place, some businesses function
better when the atmosphere is more casual and relaxed, and it
can often be very lucrative to choose a job that utilizes your
natural personality and passions. One great example is the party
industry. The person who is instinctively able to see the big
picture for an event, organize people, and throw an exceptional
party is not at all restricted to only doing so for friends and
family; their services are in high demand in the marketplace,
and not just in the specific business of party planning. There
are a few different avenues with plenty of business
opportunities for someone who loves having a good time and
ensuring that other people have a good time too.
Party Planning
Obviously, there are party franchises opportunities in the
realm of party planning, because folks of all walks of life
enjoy a good party, but not everyone has both the time and
talent to organize a fun and functional party. There are two
franchise businesses in this $500bil industry that have made
their mark by organizing the best events.
One such business is Plan Ahead Events, a franchise opportunity
that is known for organizing everything from simple meetings to
conventions and trade shows with a solid sense of both
professionalism and style. This work from home business takes
people with the natural focus and ambition necessary for a good
event planner and teaches them all they need to know about
finding clients and orchestrating resources to make a great
party. Depending on the city you want to operate in and what
resources you will need access to from the outset, prices can
range from $26,000 to $33,000, which is a reasonable price for
entry into what is one of the 50 best industries, according to
CNN/Money Magazine.
One Hour Parties is another exceptional name in party planning,
in part because they specialize in a corner of the market that
few do: the one-hour office party. Birthdays, successful
business deals, expansions, promotions, there are a number of
great reasons to throw a quick party in the middle of a work
day. It keeps up morale without costing anyone a good deal of
time, except for the person who has to organize the party. But
if a company can outsource that part of the event,
business-as-usual is not interrupted. That is precisely where
this home based business steps in, arranging the party on the
company dollar, not the company time. Very low overhead and
shorter timeframes for events make this the perfect opportunity
for an entrepreneur who likes to be able to bounce quickly from
job to job.
Party Facilities
Party planning is great for some, but others prefer something a
little more regular than a business that varies greatly from
party to party. For such a person, opening an entertainment
franchise for people to come and party on your terms is a great
alternative.
Most of us have been to some form of a kiddy play land,
designed to engage and entertain children of all ages with
various games and attractions. It's a profitable business
because kids are always interested in having fun, and parents
are always interested in throwing birthday parties without
having to clean up afterward. With a Recess franchise, parents,
kids, and the franchisee get to "go bananas." There are three
different investment levels to choose from that represent
different designs that each include a wide array of inflatable
attractions, redemption games, and even toddler entertainment.
Depending on what will work in your area and what you're capable
of investing, there is sure to be a right choice for you.
Sometimes, however, party facilities are a little more specific
as to the kind of entertainment they provide. Laser Nation and
Monster Mini Golf are two such examples. Laser Nation franchises
take advantage of the growing trend of laser tag. The concept is
simple: people come in to a location and pay money to play
various games built on shooting each other with high-tech laser
guns, which is surprisingly fun. With the franchisor helping
throughout the establishment of the business and continuing to
give marketing resources, a franchisee could easily be set up to
schedule birthday parties and family outings for people every
week. As fun as laser tag is, though, some people find no party
more fun than a classic round of miniature golf, or putt-putt,
and none is more fun than Monster Mini Golf, the only place that
mixes ghouls and goblins with golf balls. The family
entertainment industry is one of the largest and most steadily
growing markets available, and with the balance between
self-determination and oversight that only a franchise can
offer, this may be the perfect way for you to enrich the
community, entertain the masses, and make your money all at the
same time.
Party Retail
Finally, if actually planning parties or providing the space
for them is not your idea of fun business, perhaps offering the
equipment and tools for them is. If so, a Discount Party Store
retail franchise is an excellent choice that brings parties and
retail together. Considering themselves the "Cadillac" of party
stores, Discount Party Store helps you make your business all
that it can be for the needs of your particular area. Depending
on what you can afford and what your store needs, there are
plenty of options in size and merchandise that you can choose
from, and the merchandise is always second to none, because the
franchisor keeps in constant communication with product
providers to ensure quality. The words franchise and franchisor
here are somewhat deceptive though, because this is not truly a
franchise: from day one, the owner is completely in charge of
the operation and never has to pay royalties. By and large, it's
a good deal.
Whichever aspect of the party industry is your personal
favorite, there is a franchise that undoubtedly works with your
natural propensity to prepare and throw noteworthy parties.
Anything can be a money-making tool, and nothing more so than
the business of fun.
About The Author: Find more
http://www.franchisegator.com/Party-Franchises/ party
franchises,
http://www.franchisegator.com/Child-Party-Franchises/ child
party businesses and information about other
http://www.franchisegator.com/directory/ franchises at
http://www.franchisegator.com/ Franchise Gator
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