As promised in this video, the current Business Mileage Rate for 2010 is $.50/mile.

Let us take a look at how the Rich save on paying taxes vs. the Poor and Middle Class.

• The Rich own companies/corporations and other businesses which are assets.
• The Rich spend their money through these entities first to buy more assets and then they’re taxed by the government on whatever money is left over. Then buy liabilities.
• The Poor and Middle Class mostly own liabilities and very little in assets.
• The Poor and Middle Class are taxed by the government FIRST and then spend whatever money is left over.

Do you see the major difference here?

By not having your own business, the income you receive is taxed at a much higher rate and more is taxed with little to no tax deductions. And many Americans have little or no savings or investments for retirement. But by starting your own home-based business, you are now starting to think and invest in your future like the Rich. Your own business will give you tax write-offs that you would never have by being just an employee.

As a home-based business owner, many of the things you are paying for now, become legitimate tax deductions. Here are just a few examples of legitimate write-offs by having your own business. The first thing you must do is establish a home office. Now that you have a home business with an established home office, what are some of the typical things that you can write off?

• Telephone – A separate business telephone and any expenses related to it- such as long distance- can be an income tax deduction. A home telephone is not a write off because it’s also used for personal use. Note: Deductions for cell phones are limited to the business use percentages.
• Office Equipment – Personal or a Notebook computer, printer, copier, calculator and etc can be deducted if they are used exclusively for your home business. If not exclusive use, then a deduction is allowed but again limited to the business use percentage.
• Office Furniture – A desk, chair, filing cabinets, lamps, and other furniture that you use in your home office.
• Office Supplies – Includes pens, paper, file folders, ink cartridges for your machines, erasers, bulletin boards, calendars, dictionary, glue, transparent tape and etc.
• Travel – Auto, airline tickets, hotel rooms and etc. If you travel during the course of operating your home business, you’ll need to keep a contemporaneous log of your expenses. The Internal Revenue Service (IRS) allows you to deduct so many cents per mile. On Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are .55 cents per mile for any business miles driven.  Airline tickets and hotel accommodations are fully deductible for a business-purpose trip.
• Entertainment – Dinners, lunches, sporting events and other legitimate functions can be used at 50% of the expense when business is discussed and documentation and records are kept.
• Mortgage/Rent – A percentage of mortgage/rent, utilities and other home services can be write-offs based on your overall square footage used exclusively to run your home business.
• Professional Fees - Don’t forget the payments to your lawyer and accountant for services directly related to the operation of your home business including tax return preparation.

The above are some of the major tax advantages of owning your own home based business.

Starting one of these businesses can cost you anywhere from less than $100 to over $1,000’s. There are all types of home-based businesses out there today, but you have to decide which one is right for you and your family.

A final word of CAUTION! Do your research and don’t get caught up in the “Hype” of becoming rich over night. Too many companies and individuals use this tactic to recruit you into their business. A legitimate business will require work and effort on your part. But the rewards and tax advantages will eventually outweigh not starting your own business PEROID.

**Since tax laws change every year, check the current laws so you know exactly what you can and cannot deduct on your income taxes. For more information you can visit www.IRS.gov/ to find out the current laws. Anyone who operates a home business should consult their accountant or tax adviser to get the most legitimate deductions available.

Robert Kiyosaki - Business School

First off, I want to share some information that Robert Kiyosaki writes in a great little book called Business School – For People Who Like Helping People.

As Robert T. Kiyosaki explains in this excellent book, the future is looking very bright for network marketing. Why? “There are already several economic trends in place that will drive more and more people to participate in network marketing in the very near future. For one, people are looking for alternatives to the job market. Many people are tired of the long commute, 9-5 routines and the myth of “job security.” They want freedom and network marketing can give that to them.

It is also expected that individual retirement accounts will be wiped out. Far too many people are betting on the stock market and are out of control with their investments. The same people who used to look for security via their employer are looking for a solid retirement via their 401(k)’s and via the stock market. Their brokers, benefit and pension directors are in control and fortunately, many people are beginning to see the light. A major stock market collapse could happen by 2010 if not sooner. If your best plan is to take advice from your 401(k) administration, pension director or broker, you are in big trouble.”

By the way, didn’t Kiyosaki warn us about mutual funds? Now look at what’s happening.

Because of these factors, people are looking for other means to create extra income and network marketing could be the perfect business for you. Plus, having a network marketing business gives you some tax benefits. As an employee you are paying the absolute maximum in taxes. This is money you can be using to improve your lifestyle, invest in your network marketing company, in real estate or set aside for retirement. But here’s the Best thing, you have more money and you can decide how you want to spend it rather than our government just taking it from you.

And of course, this is the information age. Never has it been easier to reach more people via network marketing than it is right now. Just like I am doing right now.

We understand the newest business strategies, technology, internet Network-Marketing and etc… Be careful about joining those teams where they still tell you to just make a list of your family, friends and etc… It doesn’t work. We really care about seeing you become successful. – Dave & Dawn Cook

Look, the economy is bad. Your 401K is now a 201K, gas prices increased and now they are finally coming down, but a lot of people are still losing their jobs and homes. Do you really feel that this couldn’t happen to you? Are you that confident that you are going to be ready for retirement? The question is “what are you doing to prepare yourself if things get worse?” and they probably will.

Donald Trump and Robert Kiyosaki co-authored a great book called – “Why We Want You To Be Rich”. In this book, they both predict that in the future, there is ONLY going to be two classes of people, “The RICH and The POOR”. Where do you want to be?

Before we recommend two GREAT business opportunities to you, let us tell you this… It Really Is Possible To Earn A Living At Home If You Have Ambition! Note: You MUST have the desire to make a change and ONLY YOU can make that decision.

It’s true. You can earn a living working from your home computer, and you don’t have to know how to build websites, how to be a programmer, or even have to make any cold calls.

So, if the thought of working from home intrigues you…keep reading.

If the thought of being able to pay your credit card bills and other everyday bills without worrying about where the money is coming from sounds like a relief…keep reading.

There’s a way to earn money to pay for the EXTRA things that you WANT, in addition to things that you NEED…

All this AND being able to spend more time with your children…no need to have a 9-5 job and put up with a boss you can’t stand.

Not many people know what it’s like to be able to support yourself AND your family WITHOUT having to drag yourself to work for hours and hours…

You, however, can do it. You can even be working and add to your personal income SIGNIFICANTLY by incorporating your own business that will save you money in taxes, free up your time, and possibly put a lot more money in your bank account. If You Want To!

If you’ve never been able to have enough money to afford what you’ve always wanted for you and your family, you can still change things if you have the desire. Not only will you be able to pay for what your family needs, but you’ll be able to start buying the things that you’ve had in the back of your mind for years, the things that you’ve been putting off or that home project that you’ve been meaning to get to. Once you get going, those things could be coming a lot sooner than you thought.

Now think about how you can pay off your loans and credit card bills, start saving for your kids college, and even have extra money to take some time off for a trip to Florida with your family. Plus, work with us and your trip to Florida could be a TAX WRITE-OFF!

So, are you really interested in changing your life for the better? If so, let’s connect and we’ll see what we can do to help you!

Dave and Dawn