Tax Help Secret: Avoiding the Entrepreneur’s Curse
His days as an entrepreneur and businessman are consumed with one main activity; earn money. Whether you’re thinking in terms of growing your business, getting the word out, or some fancy new marketing technique, your days, weeks, and months in business are focused on that group of activities. In fact, some of you are marketing machines.
Tax secrets of the rich found here
Perhaps you have developed a new product line. Or set up a joint venture with a new partner. If you’re a real estate investor, you’re looking for another deal or strategy to locate undervalued properties.
No matter how you break it down, entrepreneurs focus on one person. MAKE MORE MONEY. You live it, you breathe it and you sleep it.
asset protection
I call it the entrepreneur’s curse.
Do not misunderstand. It’s not completely bad. In fact, the most singularly focused people I know are the most successful. But building your business can’t be your only focus.
There are two BIG reasons why.
Taxes and Trials.
Taxes and unmanaged lawsuits will eat you alive.
Taxes do it slowly but surely. They reduce their net worth little by little. It can be so subtle, that you have stopped noticing it. Let’s be real, when was the last time you looked at your pay stub (yes, even if you’re self-employed). There is one income line and three tax lines (Fed, State, and FICA) stand alone. But when was the last time you really noticed?
You have been conditioned not to care.
But every dollar you overpay in taxes is a missed opportunity to build wealth. Think about it; If someone gave you $10,000 or $20,000 to invest in her business, couldn’t you make the most of it?
Maybe you would buy a piece of real estate with (almost) no money and sell it for a $20,000 profit.
Or launch an advertising campaign – radio or press.
Or start a web marketing campaign.
Whichever strategy you choose, you would invest that money in something bigger and add up the returns.
But if you throw that money away by needlessly paying more of your taxes, it’s gone. (Remember, a penny saved is a penny earned) And so is opportunity. forever. What a shame!
Then there are the lawsuits. They confuse you in another way. If taxes steal your money overnight, lawsuits are like a tiger. Wait. Haunting Circle. And then, at the right moment – BAM! C’est fini. They pounce on you and you don’t even know what hit you.
It could be an angry tenant or the passenger of a car you bumped into. It could be your spouse or a disgruntled employee. It could be any of a thousand reasons why people may sue you (there are millions of lawsuits every year).
Whatever the reason, before you can fully regain the use of your senses, you are upside down and inside out. And it may be years before it can pick itself up and start anew.
Then, you realize that you are coming out of a big hole.
It does not have to be this way. There is a better way. A way to create a constant protected heritage that lasts for generations.
Fiscal Strategies
That’s what my new Wealth Accumulation program is all about.
The last thing I want to see is you work for years building a huge asset base, only to have someone tear it down. It’s not necessary and you deserve better than that.
I am trained as a lawyer and practiced in New York State for 12 years as a Senior Partner in my own firm, where I was admitted to both the State and Federal Bars, specializing in the areas of business and real estate.
I have benefited from the strategies he teaches and have saved thousands and millions of dollars in the process.
Ladies and gentlemen, I give you
The Tax Savings Lawyer,
Drew miles.
PS It’s the little things in life that make all the difference. Skipping the details here could be devastating to you and your family.
PPS Be a hero to the ones you love. Get it right the first time.
