How To Set Business Financial Goals To Meet Your Retirement Needs

Do you have goals like, "I want to build a business I can pass on to my children." "I want a business to provide stability in my retirement years." "I want a business I can sell something and have a big payoff." Those are all retirement plan goals. So, if these are your goals for starting your business, or your reasons for starting your business, go ahead and watch this
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2018 Multi Year Tax Planning Strategies For Business

I'm sure right now you've heard about the 2018 tax changes. You've heard about the higher standard deduction and heard that most people are not going to itemize. What are some things you can do in 2018 to help you save some taxes over the long run? Today, I am going to talk about multi-year tax time issues.Today we're going to talk about multi-year tax planning. Actually, this is the best
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The phases of creating wealth

Money has 4 functions: to survive, to invest, to give and to enjoy. Managing wealth means managing these four functions so we can maximize our happiness. When we overcompensate in one function and neglect the other three, we often feel a tension. To really get the most of wealth, your money should be performing all 4 functions. The 4 phases of building your wealth are survival, accumulation, investing, financial sophistication/ freedom.SurvivalThis
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Retiring from your business? Build Assets

The Asset versus the Transactional ModelThe transactional model earns income from the customer once without no way of repeating the sale. This is detriment to your financial freedom goals. If you are going to use your business as part of your financial freedom or retirement plan, you need a way of building recurring revenue. While the transaction model is a good way to start, it is not a good
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Achieving financial freedom with retirement savings

Most people either underestimate or overestimate the amount they will need for their financial freedom goals. You cannot depend on social security for financial freedom: You have to become your own financial advocate. Financial freedom is not about how much you make but how much you keep. Let's take a look at the definition of retirement and financial freedom.Retirement: is the act of withdrawing from employment or work. Semi –
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