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:


azcentral.com

Many Americans ignore smart wealth-building activities
azcentral.com
Many Americans ignore sound wealth-building activities like owning a home or participating in a retirement account at work. Recent trends aren't favorable. Owning stocks is another pathway to wealth that largely has been ignored. Despite a tripling of ...


U.S. News & World Report (blog)

A Wealth Building Plan for You: Growing Family Edition
U.S. News & World Report (blog)
Although I can't help you avoid a bad recommendation from a relative, I can at least provide you with some steps to take that are a bit more tailored to you. As part two in our series, "A Wealth Building Plan for You," I'll address the needs of a ...

and more »

U.S. News & World Report (blog)

A Wealth Building Plan for You: Young Professional Edition
U.S. News & World Report (blog)
As part two in our series, "A Wealth Building Plan for You," I'll address the needs of the young professional. If you're a little younger, you may find some good information in part one, or the recent college grad edition, or if you have a bit more ...


The Daily Pennsylvanian

Wharton program builds 'bridges to wealth'
The Daily Pennsylvanian
Approximately four years ago, Wharton professor Keith Weigelt started Building Bridges to Wealth, a program that helps combat the racial wealth gap in West Philadelphia by providing free financial literacy courses. The program is offered to both adults ...


The Cheat Sheet

3 Things Young Adults Need to Know About Building Wealth
The Cheat Sheet
Aristotle once said, “The roots of education are bitter, but the fruit is sweet.” This wisdom is still relevant today, even more so than in Aristotle's time when discussing financial literacy. Excuses are abundant when trying to comprehend why ...


5 Tools That Can Help You Build Wealth for the Future
Huffington Post
One of the difficulties associated with getting ahead when it comes to your personal finances is the fact that it can be hard to know where to start. Building wealth for the future is a daunting task. The good news is that it doesn't have to be as hard ...

and more »

Tampabay.com

A guide to building wealth for everyday people
Tampabay.com
Today the book stands as a sort of promise that everyday people have a shot at accumulating true wealth through habits and not just outsize risk — that people in blue-collar businesses doing real work can, by saving well and not spending lavishly ...

and more »

Al Jazeera America

Education alone can't solve America's racial wealth gap
Al Jazeera America
The debt burden detracts from wealth-building opportunities over a graduate's lifetime. In addition, people of color are less likely to get into the most selective schools and face discrimination in labor markets after graduation. As a result, black ...


Using tax-deferred investments to promote long-term wealth building
Timesonline.com
Tax season is in full swing, and many people are being reminded of the tax burden their investment returns carry. As a result, some are adopting a smarter strategy for maximizing long-term returns by deferring taxes and allowing gains to compound over ...


The Financial Paths to Building Wealth Teach Us Little About Distributing It
WealthManagement.com
Clients who have worked hard may believe that all the challenges that come with building wealth have been met, yet they are uncertain about how to protect assets up until the time to transfer them to a family member or a worthy cause. It may seem ...

Google News

Saving Money - 35 Pieces of Advice to Save

There are only 2 ways to grow your wealth -... Read More

The 9 Critical Steps To Success In Demolishing Your Money Worries For Good!

Articles on 'How to make money' come a dime-a-dozen. How... Read More

Wealth - 10 Basic Steps to Achieving It

Everyone wants to be wealthy. Only a few actually achieve... Read More

How To Be the Ultimate American Consumer

Feel like a lemming lately? Ready to follow the crowd... Read More

Could a Roth IRA be Better Than a 401(k)?

Very few people whom I know are familiar with the... Read More

Easy Ways to Save $1,000

Vacation season is upon us and it can be tempting... Read More

Wealth Secrets: Saving Your Way to a Fortune

SCENE 1: Pharaoh has just woken up from a very... Read More

Residual Income - The Myth

"Join our program and retire in 3 months..." yeah, right.We... Read More

Investment Techniques For Creating Passive Income

There are many wealth creation strategies and investment techniques available... Read More

6 Proven Wealth Building Strategies

Building wealth is as simple as saving a little bit... Read More

Wealth Management, Wealth Protection, and Tax Planning

U.S. Supreme Justice Louis D. Brandeis"I live in Alexandria Virginia.... Read More

Financial Freedom for Every Employee

You may think you have to be an entrepreneur to... Read More

Its High Time for Lifetime Savings Accounts

I'm constantly reading articles on the internet and in financial... 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

Want Money? You Got It!

Six out of six people who were asked to list... Read More

Offshore Strategies & Services

Offshore strategies may or may not be right for you.... Read More

Steps to Financial Freedom

Financial freedom is the power to do what you will... Read More

Super-charge Your Dream of Retiring Rich with the Roth 401K!

This retirement account is so new and unique that you... Read More

Turn Your Job Loss Into the Opportunity of a Lifetime

There are few things in life that are more stressful... Read More

I Dont Need A Financial Coach To Help Me!

You've been thinking that your financial life could probably be... Read More

Virtual Millionaire Strategy Exposed

Let's begin this lesson with a definition of the term... Read More

Money Mastery

Money can be your servant or it can be your... Read More

From Debt to Financial Freedom

The vast majority of working people are in debt. The... Read More

Ben Franklin Didnt Quite Get it Right

When Ben Franklin said "a penny saved is a penny... Read More

Profit from Your Own Information Empire!

Would you like to profit from your own information empire?... Read More