Home Based Business Can be the Greatest Financial & Emotional Investment of Your Life

Thursday February 25, 2010 | Author: | Posted in Marketing

One on the finest investments that you can make in yourself is create a home-based business. I was a teacher for years and with the tax structure in my country (Canada) and inside the US as well, I know that my pay check kept getting smaller and smaller. Mainly because I was in such a high tax bracket, not only did I reach my maximum salary after a few short years due to the fact of my graduate degrees, but my biggest expense was taxes.

I did not like the idea that somebody else (government) took cash from me before I even saw my paycheck. And then I read Robert Kiyosaki’s book “Rich Dad Poor Dad”…and I understood more fully what my discomfort was with my situation at that time.

Robert showed so clearly how folks who are inside Earned Income bracket of dollars earning were at such a disadvantage and that that included over 90% on the human population. And I also learned that most individuals who are rich are rich simply because they have their own businesses.

Our governments see people who have their own businesses of additional economic value than individuals who do not. And I can understand how this is so. They are the persons who hire others and thus provide employment and they’re the folks who offer housing for others.

The 10 most essential benefits of a home based business:

1.) You get to work from the comfort of your own home

2.) All of a sudden things 1 would have bought before develop into a tax deduction. So for example, if I am a teacher in a school or college, I have no tax relief at all. I make $80,000 per yr and get taxed on that full amount (which becomes a lot of money over a year). And now that I’ve a home based business, so quite a few points that I pay for anyway develop into a tax relief. My home office space, my computer, my car maintenance, insurance, gas, my travel, my restaurant meals, my accommodations, my magazines, my office supplies (paper, ink, pens etc), my self-development workshops and books, my dry cleaning etc. Anything that’s something I do or use for my business becomes a tax deduction. So, now, if I make $80,000 a year and have $30,000 in expenses, I know only get taxed on $50,000.($80,000-$50,000.). That is definitely a huge savings over a year.

3.) 1 of my businesses is healthy items such as top quality whey protein shakes, vitamins, antioxidants, cleansing solutions, high nutrient dense fruits and veggies etc. and since I must buy a certain amount each month to be in business, these develop into a business expense.

4.) Having ones own business opens the doors to a world of freedom and creative adventure like never prior to

5.) It can give time freedom.

6) Everything one wants to learn now could be funneled into an experience that adds worth to one’s life in terms of monetary value and fun value.

7.) Within the business I have chosen, a network marketing business I get free training from the comfort of my personal home.

8.) I get to become my personal boss, make my time schedule and take breaks when it is finest for me.

9.) It allows me to be additional creative than ever before. Since I’ve a few businesses on the internet, I get so many ideas on how to become even additional creative, i.e Creating E-Books.

10.) My network marketing company Isagenix International costs less than $40. to start. That’s amazingly low.

I would like to honor Robert & Kim Kiyosaki for their work as outstanding teachers in the area of financial wellness and abundance.

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