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The most efficient predator is not what you think
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Christmas is a fantastic moment of the year to check how the world work. Many people have no idea of what your hard-earned dollars that move the world work. Many people still ask me whether to invest as a company or as individual. Look. One of the biggest financial predators of our money is the government… Taxes. You want the new Mac. Retail cost 2.300$. Imagine that you are lucky and make 10.000$ a month and you want to buy that Mac. The government eats around 40% in income tax. You got 6.000$ to buy that Mac. You buy it. You end your month with 3.700$. Now, you have your real estate property (or properties) under a company. You make 10.000$ in income. You buy your Mac because you will end up using it for your business at 2.000$ as you deduct 300$ in GST. Then, one day (not that month) you pay the taxes, at 25%. Your balance for that month will be 6.000$... when the time to pay the tax arrives. This is not magic, nor nothing illegal. You’ll need to work with your advisor, but that’s the power of financial intelligence. See that difference multiplied month after month for 40 years of work. Then, you wonder… And this is the same in the US, Canada, UK, Spain, Australia, New Zealand or wherever you are. With exceptions, nuances, limitations, etc. This is the power of knowledge… plus action. If no action, it does not matter how much knowledge. This is where a coach and mentor can help you.
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
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