User Power
Value/Post Ratio
273%
- Jun 24, 2014
- 1,578
- 4,315
Make sure you call/visit your closest ones. The regret can ruin you.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.Hi Chris,And that's *really* the important bit. Knowledge. Learning how to make money and learning how to keep it are equally important. It's much easier to become wealthy by not handing over a big chunk of income to the government.
Whenever I ask someone who complains about high taxes: "How much time have you spent learning how to reduce taxes?", it's always dead silence. I'm only familiar with minimizing US taxes, but am reasonably sure from talking with other Canadian entrepreneurs that there's numerous ways to accomplish the same thing. Earning money as a salaried employee (W2 income) is the worst possible approach when it comes to taxation.
One of my good friends banked $1M in salaried compensation last year. Only W2 person I know making that much. He'll pay 45% - 55% in overall taxes. Maybe a bit more. He's one of the smartest people I know, but an idiot when it comes to keeping his money out of the government's hands. He relies on advice from W2 earning tax planners who are also idiots.
Another friend is a real estate investor with far more than $1M in equity. None of which is taxable until the properties are sold. He can borrow against the equity and pay 0% taxes on the cash taken out because it's not considered income. It's a loan. There's depreciation to offset positive cashflow (earnings) from other investments. There's tax free 1031 Exchanges into larger investment properties. And so on.
Most CPAs know little that's really helpful. Search Amazon for "tax loopholes" and go from there.
But then you’d call them just lights…I like year round Christmas lights. Every time I drive at night and I see them they make me happy. I wish more people put and left lights up.
I like year round lights up on the eavestrough of houses! It brings a nice cheer and happyness to the streets.But then you’d call them just lights…
No influencers, no filters – BeReal shows the beauty of the lives we actually lead | Jess Cartner-Morley
The beauty of the app is that you never know when it’s going to ask for a simultaneous selfie and photo, says Jess Cartner-Morley, the Guardian’s associate editor (fashion)www.theguardian.com
I wonder what’s next? Meeting real people, in real life, at a bar? Preposterous!
It amazes how many there seem to be in everyday life, you don't even need to be rich or famous, they'll do it for $100I just watched the Elvis movie. These shows break my heart every time. Everytime there is a star is seems there are leaches just waiting to suck them dry. Much like when you hear about realtives that no one even knows about calling you up if they discover you won the lottery.
There are three types of people in this world:
1. People who “get” Labor Day off.
2. People who *decide* to take it off.
3. People who don't live in the US and don't know when Labor Day is.
(Oh, and people who make sarcastic "ftfy" posts and forget that they can't be deleted when they think better of them)
I wonder what’s next? Meeting real people, in real life, at a bar? Preposterous!
I am sure this is how these heroes built up their bodies. Food like this!View attachment 45060
No, I disagree. Difficult customers by definition are difficult (typically take up more time, whine about price and reduce your profit margins, never satisfied with anything, in general they make your life shittier). Early on, few can afford to “fire” them. But as business evolves, the job is to triangulate between best customers and your products.Lots of know-it-all writers claim that you can just "remove" your difficult customers and grow your biz, easy peasy.
But a lot of times, it's not a simple 80/20 situation. Sometimes your most difficult customers are also the ones that are making you the most money.
It's easy to talk; it's hard to do.
60+ years in, and this is not true.No, I disagree. Difficult customers by definition are difficult (typically take up more time, whine about price and reduce your profit margins, never satisfied with anything, in general they make your life shittier). Early on, few can afford to “fire” them. But as business evolves, the job is to triangulate between best customers and your products.
That’s the path. It works. And as you free up your company time, you’ll be able to spend that time serving the best customers even better. Making them even happier. Increasing your profit margins.
Join Fastlane Insiders.