Jan 21st 2013, 5:48 pm
650 Views
Hey
I wanted to send you this quick message to let you know why you NEED to start your own business with Penny Matrix and the free E-BOOK Product.
If you work for someone else, it is not what you do from 8 to 5 that count. It is what you do with your paycheck after you receive it that counts.
In other words, what you do from 8 to 5 is your profession or your job. What you do with your paycheck is your business....
Too many people rely on their employer or their government to take care of them.
I wanted to breakdown something that made me decide to start my own business.
Let's say you have a salary of $48,000 per year (if you're lucky). In other words you are paid $4000 per month to mind your employer's business. Then you get your paycheck and it's for $2,500. The $1,500 of withholding taxes is you minding Uncle Sam's business. Then you have to make your mortgage/rent payment to the bank or landlord of $1,500, which represents you minding the bank's/landlord's business.
Oh, and let's not forget that credit card balance that you let get away from you. That $400 payment is you working for the credit card company. Another $440 goes for living expenses.
What are you left with?
At the end of the month you are lucky to have $160 for investment, that's $1 per hour that you are earning for yourself. Click link for details
Let's Review:
Salary $4,000: You’re working for your boss; less (MINUS): Taxes $1,500: You’re working for the Government;
Mortgage/Rent $1,500: You’re working for the bank; Credit Card $400: You’re working for the credit card company;
Living $440: You’re working for your creditors
Net $160: You’re working for you!
It is very difficult to get rich on an extra $160 per month. So what choices do you have?
1.) Work Overtime? 2.) Get a 2nd job? 3.) Downsize your house? 4.) Start your own business on the side, part-time?
All of these options will give you more money, but which one might help you on your way to wealth the quickest? The first two, working overtime and getting a 2nd job just make your situation worse and result in you spending more time working for others. The 3rd will help you reduce your rent/mortgage payment each month and may be a viable option for you, but it is still a one-time reduction in expenses.
Let's examine the 4th option, starting your own business on the side, even if you keep your job.
The difference between the employee and the business owner is that the employee pays taxes FIRST and then pays expenses. The business owner pays expenses FIRST and then pays taxes. The business owner will always pay less tax than the employee simply because they can reduce the income amount they have to pay tax on!
As a business owner you can also take advantage of tax deductions that are not available to employees.
Here are just some of the business deductions that you might be able to take advantage of:
1.) Home Office Expenses
2.) Business equipment (computers, cell phones)
3.) Office Supplies (paper, printer ink)
4.) Internet and Telephone Service
5.) Software and subscriptions
6.) Mileage and other auto expenses
7.) Travel, meals and entertainment
... And the list goes on and on.
As a business owner you have additional advantage of having the use of the money from your business to reinvest into building your business before you pay taxes, instead of the government taking its share even before you receive your income.
So what's the bottom line????
If you want to be rich, you need to be a business owner and not an employee, unless you're hoping to win the lottery.
I've been getting a lot of emails lately from people who say that they don't have the money to start their own business. But if their car broke down or the furnace goes they find the money to pay for it. I think the only people who are successful in Network Marketing find the money to start up their own business.
Wouldn't you like to start minding your own bottom line, instead of everyone else’s?
If you are serious about changing your future, I am looking for you!
Watch our explosive 5 minute movie and Hit Continue to get back to the 'FREE' tour. Several people have joined our team and I'm so excited to have them on my team. We have people up to 95 years old joining our team. You are in business for yourself but never by yourself because we work as a team.
Best Regards, Harold Thompson,
Listen to our short 24hr Overview: 1-512-505-6850, Watch our explosive 5 minute movie & take the 'FREE' tour: CLICK HERE, then Join our Penny Matrix Crusaders Team.
Tags:
penny matrix(3), earn income from home(2), make commissions from home(3), pm payouts(3)
Twitter
Digg
Facebook
Report this page
