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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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