Tax Help - Girls (and Guys) Just Want to Have Fun by Using Tax Saving Tips

In his best selling book, "Rich Dad, Poor Dad, Robert Kiyosaki warns people against the dangers of buying what he calls "doodads" - you know, junk, spur of the moment items.

Tax Secrets of the Rich Found Here

Those things that you didn't know we existed until you read about them in an in-flight shopping catalogue and know that you know about them, you just can't live with out one. Many people have basements that are packed with electric pet feeders, remote controlled shoulder massagers, hardly used camping equipment, fishing poles, baby toys and clothes.

These are the every same items you see being sold at garage sales just a short time later, for about 5% of the original purchase price.

Asset Protection

Some people take this to mean that the only way to become financially free is to stop spending money. That's simply not true. The trick, however is to manage your spending by focusing on buying more assets (things that put money in your pocket) and less liabilities (things that take one out of your pocket).

But this begs the question: "What is the smartest way to pay for my fun?"

The first way is to make your fun tax deductible whenever possible.

Did you know that things like season tickets and tickets to concerts can be tax deductible?

Same thing with country club memberships?

Are you trying to get into shape for the summer?

You can deduct the cost of a personal trainer and your corporate gym. Would you like to take the family on that terrific vacation they so deserve?

Make it part of your annual meeting and let Uncle Sam underwrite the cost.

Tax Strategies

How about new furniture, ski equipment or golf clubs? Would you like to learn to cook, fly or meditate?

Would you like to have your own swimming pool and health spa?

No problem.

All of these things can be done with pre-tax dollars with a HUGE net savings to you.

All the Best,

Drew Miles, The Tax Saving Attorney.

Drew has combined what he learned during formal education, informal education and twenty five years of business experience in the development of programs designed to teach people how to build and preserve lasting wealth. He is an author, teacher and international speaker in the areas of asset protection, and tax saving and wealth building strategies.

In The News:


TIME

Why Focus Is Essential to Building Wealth
TIME
Building wealth is a process, not an event — a process that takes discipline and a long-term outlook. You must focus on yourself, not what others are doing. Work hard and maintain a consistent approach. This may not be easy, but it's doable for most ...

and more »

Next City

Why Cities Must Keep Tapping Into the Wealth-Building Capacity of Communities
Next City
Small business programs like FoodLab Detroit and Women Entrepreneurs NYC prove that economic status is not intransigent, especially when local resources are leveraged correctly and the wealth-building capacity of communities are tapped into, not ...


Execute Wealth-Building Habits In Your Business And Personal Life
Investor's Business Daily
Wealth building should be for community and legacy, beyond just getting rich, contends Salter, an entrepreneur and a pastor in South Plainfield, N.J.. In a company culture, "wealth doesn't have to be something that everyone feels the need to compete ...


NBCNews.com

As Home Ownership Lags, Young Renters Left Behind in Wealth-Building
NBCNews.com
Dana Bergman signs over a third of her take-home pay to a landlord in Los Angeles. Jonathan Karadimas just hopes he can pay off his student loans before he retires — a date the 26-year-old New York resident won't hit for nearly four decades. These ...


Wealth building summit announced
Lawn & Landscape
After spending many years helping their clients one-on-one with questions on how to buy and sell firms and build wealth, they developed this Summit. They will present practical ideas for improving your personal wealth, and building the value and ...


Owning Real Estate Is An Effective Strategy For Building Wealth
Greater Wilmington Business Journal
Compared with every other investment product out there, real estate has no equal. This point is compounded after considering that interest rates are still hovering at all-time lows, and purchasing real estate allows the investor to use the power of ...


Pulse

BUILD WEALTH - No Matter The Obstacles!
Pulse
There are two ways to build wealth: a non-zero sum game where you go out and come up with a product, a service or idea and you get paid for it. That's called a transaction that builds wealth. The other option is buying stocks and shares, and futures ...

and more »

Why Now Is the Right Time to Help Close the Racial Wealth Gap
Huffington Post
No matter the stage for a person of color is in his or her life-- a college graduate or a seasoned career professional-- considering the following framework as a road map could help individual wealth building efforts and potentially lead to wider ...


Amsterdam News

Wealth building 101: Squirrel something away
Amsterdam News
The most important concept in business is leverage. Leverage in physics means using gravity or other natural forces to enable one to move a large object with a relatively small amount of applied power. In business, leverage implies using a relatively ...


Bloomberg

Billionaire Schonfeld Lures Hedge-Fund Talent to Grow
Bloomberg
Sitting in a Park Avenue office dressed in a black hoodie and white sneakers, the 55-year-old former stockbroker described a plan to compound his wealth by finding and funding a new crop of star traders. Schonfeld Group Holdings already has 34 teams ...

and more »
Google News

High Flying Market Makes Good Buys Hard to Find

AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER... Read More

One Pipeline Is Worth A Thousand Paychecks

It is with great pleasure of having you here at... Read More

How Should I Create Passive Income?

If you're wondering where to create passive income, then you... Read More

Simple Strategies to Making Financial Gain

Now is a great time to make it a habit... Read More

What it Means to be Rich

Many people have a false understanding of what it actually... Read More

Generate Savings with Smart Use of Electricity!

No matter what income level you are currently at, generating... Read More

Why Get Rich When You Can Be Wealthy?

"Any fool can rich, the wise get wealthy." Chris WidenerGetting... Read More

How To Grow Your Mental Power and Let Your Brain Make You Rich

No one has complete control over their thoughts. But with... Read More

Spiritual and Emotional Money Goals: The Keys to a Financially Free Future

Are you setting the right money goals?Most people believe having... Read More

Does the Moon Have Covers?

Recently, one late winter night, my four-year old son and... Read More

How to Save Money and Take the Vacation You Always Wanted

Many people don't realize how much money they spend on... Read More

Starting With Smaller Goals First And Work Your Way Up Until You Achieve Financial Freedom

While you need to have a lot of positive-thought and... Read More

Methods Of Raising Instant Cash

The inability to come up with the necessary cash when... Read More

10 Ways to Save $50 Per Month: The Art of Pinching a Penny Until It Screams

1. Save up to 50% per month on convenience cleaner... Read More

Top 10 Secrets of Getting Rich!

As many people have observed, "Success leaves clues." If you... Read More

Living Trusts: Do They Protect Your Assets From Creditors?

A surprising number of readers want to know "Can a... Read More

Net Worth Nympho

There are plenty of people who are in love with... Read More

7 Wonders of the Offshore World

Many people assume that the offshore world is accessible only... Read More

The Predicament of the Newly Rich

They are the object of thinly disguised envy. They are... Read More

Can You Be Rich? Part 1

What does becoming rich mean to you? Is it early... Read More

You Deserve To Retire Early

The fact is that most people continue to work for... Read More

Building Wealth: Its An Inside Job ? Part 1

Whenever we read about building wealth or even attend a... Read More

Four Pillars of Creating Wealth

Some people in this world are thinking that their poor... Read More

The Underlying Belief System

Many of us do not consider the underlying belief system... Read More

Finding Financial Freedom

Do you ever get this in your email box: Find... Read More