Tom Wood explains the 4 tep system that took him from $70,000 in debt to millionairre.
1. Finanial Management is a Discipline - If you dont stay on top of your finances everyday the will begin to stink.
2. Money is a Symbol Money is a symbol for the value you have created in the market place. If you appreciate this you will value the good it can do for yourself and others.
3. Pay yourself first We may not like it but we pay or utilities before we go to on a holiday. Tom Wood explains we need to put aside money ointo our bank either to reduce our debt or add to our wealth before we spend on luxuries.
4. study and Master Money - Daily learn something new, keep abreat of the financial world. What you think about becomes your reality.
CPA Sandy Botkin, autor of Lower Your Taxes - Big Time! 2009-2010 Edition (Lower Your Taxes Big Time)
, explains the tax advantages of having a small busness. There are two sets of tax laws, laws for employers and wage earners. Sandy Botkin explains visually, in most countries wage earners cam declare very few deductions. however, business losses can be claimed against personal income. In the USA, as in many other nations, 70% of employment comes from small businesses hence the tax laws for employers benefit the economy as a whole.Note: The time display on this video is incorrect and the video appears longer than it really is.
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