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CREATING WEALTH IN AMERICA Utilizing Tax Advantages The E-Commerce Explosion Passive Income Vehicles.

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Presentation on theme: "CREATING WEALTH IN AMERICA Utilizing Tax Advantages The E-Commerce Explosion Passive Income Vehicles."— Presentation transcript:

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2 CREATING WEALTH IN AMERICA Utilizing Tax Advantages The E-Commerce Explosion Passive Income Vehicles

3 WHERE ARE WE TODAY? 2.2 Million People are expected to file Personal Bankruptcy this year! 2.2 Million People are expected to file Personal Bankruptcy this year! Mostly due to massive Credit Card debt! Mostly due to massive Credit Card debt! The Average Family has over $7,000 in Credit Card debt! The Average Family has over $7,000 in Credit Card debt!

4 MONEY MANAGEMENT POLL 80% of the Households in America believe they are falling behind financially! 80% of the Households in America believe they are falling behind financially!

5 LOU HARRIS POLL 96% of the people who lay awake at night are worrying about… 96% of the people who lay awake at night are worrying about… Their HEALTH or Their HEALTH or Their FINANCES! Their FINANCES!

6 FORTUNE MAGAZINE If the Average Baby Boomer expects to have money into their 80’s they will need… If the Average Baby Boomer expects to have money into their 80’s they will need… $1.5 MILLION DOLLARS In a Retirement Account!

7 THE REALITY IS SHOCKING!  According the The Social Security Administration At Age 65…  36% are Deceased  54% are Dependent on Family or Welfare  5% are Still Working  4% are Well To Do and only  1% are WEALTHY!

8 YES… BELIEVE IT OR NOT! At Age 65… At Age 65… 90% are either Dead or 90% are either Dead or DEAD BROKE! DEAD BROKE!

9 WHAT ABOUT YOU? Do you have a Plan to put away at least Do you have a Plan to put away at least $1.5 MILLION DOLLARS? AND EVEN IF YOU DO… Think about all the people who DO NOT!

10 WHAT WOULD IT TAKE… You have $150,000.00 in the bank You have $150,000.00 in the bank You are 45 years old You are 45 years old You want $1.5 Million in 20 years You want $1.5 Million in 20 years How much do you need to save? How much do you need to save?

11 LET’S SEE… You would need $1,350,000.00 You would need $1,350,000.00 To have this amount working with 8% To have this amount working with 8% You would have to save a mere… You would have to save a mere… $2291.94 Per Month for 20 Years $2291.94 Per Month for 20 Years $27,503.29 Per Year

12 GOT AN EXTRA $27,500.00 LAYING AROUND?

13 REMEMBER THE WEALTHY? The 1% that Retire Wealthy… The 1% that Retire Wealthy… Do You Know How 74% Got Wealthy? Do You Know How 74% Got Wealthy? They are in Business for Themselves! They are in Business for Themselves! BUT… Few take Actually take Action! BUT… Few take Actually take Action! Most only Dream about being in Business! Most only Dream about being in Business!

14 THE BUSINESS KILLERS Start-Up Costs Start-Up Costs Payroll Payroll Inventory Costs Inventory Costs Equipment Costs Equipment Costs Liability Insurance Liability Insurance Competition Competition Overhead Overhead Theft / In / Outside The Economy Regulations Advertising Costs Debt Service Consulting Fees Employees

15 THERE IS A BETTER WAY! It is Possible to make it BIG in Business and TOTALLY AVOID TOTALLY AVOID all of the Typical Obstacles associated with Being in Business!

16 START A HOME BUSINESS! One of the Fastest Growing Trends In America today! One of the Fastest Growing Trends In America today! Every 11 Seconds Someone starts a New Business Venture from Home! Every 11 Seconds Someone starts a New Business Venture from Home! Why a Home Business? Why a Home Business?

17 WHY A HOME BUSINESS? TWO BIG REASONS!

18 HOME BUSINESS? Did you know the Average income of a Home-based business is over… Did you know the Average income of a Home-based business is over… $50,250 annually! $50,250 annually! Nearly twice the Average American wage earned! Nearly twice the Average American wage earned!

19 HOME BUSINESS? 30% Earn Incomes of $60,000+ Annually! 30% Earn Incomes of $60,000+ Annually! 20% Earn Incomes between $100,000 and $500,000 Annually! 20% Earn Incomes between $100,000 and $500,000 Annually!

20 GO SEE YOUR RICH UNCLE! You Know, Your Rich Uncle Sam!

21 HOW MANY OF THESE THINGS DO YOU HAVE? House Payment House Payment Rent Payment Rent Payment Electric Bill Electric Bill Phone Bill Phone Bill Home Insurance Home Insurance Car Payment Car Payment Car Insurance Car Insurance A J.O.B. A Commute to Work Lunch Breaks Children at Home College Plans Wedding Plans Vacations

22 AS AN EMPLOYEE WORKING FOR SOMEONE ALL of these items are Non-Deductible Personal Expenses! ALL of these items are Non-Deductible Personal Expenses! However – If you had a Business in your Home… However – If you had a Business in your Home… All of these could be Deductible Business Expenses! All of these could be Deductible Business Expenses!

23 DEDUCTIBLE BUSINESS EXPENSES? According to the Tax Reduction Institute… According to the Tax Reduction Institute… The Average Home Business realizes additional tax deductions every year of over The Average Home Business realizes additional tax deductions every year of over  $ 15,000.00

24 WRITE OFF A PART OF EACH OF THESE! House Payment House Payment Rent Payment Rent Payment Electric Bill Electric Bill Phone Bill Phone Bill Home Insurance Home Insurance Car Payment Car Payment Car Insurance Car Insurance Average Write Off Average Write Off 15% 15% Up to 100% Up to 100% 15% 15% 78% 78%

25 WRITE OFF A PART OF EACH OF THESE! A J.O.B. A J.O.B. Commute Commute Lunch Breaks Lunch Breaks Children at Home Children at Home Kids College Kids College Kids Wedding Kids Wedding Travel Travel Not Yet! Not Yet! Ride Home – 31 Cents Ride Home – 31 Cents 50% 50% $4000.00 + /Year $4000.00 + /Year Tax Free Tax Free 100% 100%

26 HERE IS YOUR $27,500! Between Tax Savings and Between Tax Savings and Added Part-time Income… Added Part-time Income… BECOMING WEALTHY JUST GOT A WHOLE LOT EASIER! BECOMING WEALTHY JUST GOT A WHOLE LOT EASIER!

27 THE HOTTEST TREND IN AMERICA TODAY… HOW YOU CAN CA$H IN! BIG TIME!


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