Diane Kennedy
Bronze Contributor
User Power
Value/Post Ratio
25%
- Aug 31, 2007
- 780
- 193
I work with a lot of clients who have very succesful businesses and/or practices (medical, etc) and love what they do. But, the income is all considered earned income and is taxed at the highest possible level.
So, I'm always looking for ways to turn what they do into multiple streams of income. For example, a Dr. who is successful with his practice may prescribe (and sell) vitamins, refer to physical therapists (for a fee), write a book, give out generalized information via columns (which drives people to a website which sells informational products), and so forth.
So, here's my question - how many people here have used this own principle in their own business? Do you look for ways to turn your business activity into a highly leveraged activity? I'd love to hear some more stories. And, if you'd like, I can show you how you can pay a whole lot less tax on the income by setting up multiple streams of income.
So, I'm always looking for ways to turn what they do into multiple streams of income. For example, a Dr. who is successful with his practice may prescribe (and sell) vitamins, refer to physical therapists (for a fee), write a book, give out generalized information via columns (which drives people to a website which sells informational products), and so forth.
So, here's my question - how many people here have used this own principle in their own business? Do you look for ways to turn your business activity into a highly leveraged activity? I'd love to hear some more stories. And, if you'd like, I can show you how you can pay a whole lot less tax on the income by setting up multiple streams of income.
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