READ ABOUT THIS IN MY NEW BOOK THE RACE FOR MONEY.
A friend of mine who owned his business asked me should I rent my office or buy one. I advised him to buy one in his name and rent it to his company. I gave him the following example.
Assume you were paying yourself a monthly salary of $5,000. You have to pay about 25% Federal Income Tax plus 15% FICA tax. Note I rounded the Tax off from 15.3%. Now by changing this Salary to a rental payment from your company you do not pay the 15% FICA tax. Moving this to rental income you get to keep the total $5,000 each month until the next tax year, thus increasing your cash flow. This assumes you do not owe more than $1,000 in Federal Income Taxes at the end of the prior year otherwise you have to pay Federal Income Tax using quarterly estimates. The best part is you now do not pay any FICA tax and save 15.3% which is about $9,000 per year thus saving you a lot of money. Now keep in mind these numbers are not exact but they are close to correct. How hard is it to save this kind of money? As any normal person knows it is very hard to save 15% a year.
READ MY NEW BOOK NOW ON KINDLE THE RACE FOR MONEY.
The Race for Money is a race against time to save enough money for retirement. Learn how to reduce your taxes by 15% or more a year. Learn how to make 9%, 10%, and even 16% on your money each year. Learn how to double your money in as little as 5 years. There is hope, no matter how much money you make, to improve your return on investments. There is hope for you to have a bright future. Use the same tricks that the Mega Rich do that are mentioned in my book. Money makes Money and using the methods in this book one can even achieve a 30% or higher return per year.
READ MY NEW BOOK THE RACE FOR MONEY FIND OUT HOW TO MAKE 10 TO 16% A YEAR ON YOUR MONEY.
THE RACE for MONEY is about a race to accumulate enough wealth to be able to retire at age 65 in comfort and not live under a bridge begging for food. To me living under a bridge is scary. You only have a set time to save enough from the age of 20 to 65, or 45 years total. Many people never make more than $100,000 a year and most never make more than $60,000. It is necessary for both parents to work just to get by day to day. So you have a given time and you must use the tools that can help you accumulate more money; like the race car driver uses his tools and skills you must do the same. This book provides you the tools to make 15% or more on your investments which gives you a big advantage in the race.
I did not even start saving for retirement until I was 40 years old which is much too late. I always thought my savings was in my house. What a big mistake that was. I never worried about retirement as I thought I would retire from a big company with a nice pension like my Dad. Then one day I was at the local shopping mall where I saw an old lady who looked to be about seventy picking thru the mall garbage cans looking for food. She was dressed in old dirty clothes and wore an old scarf over her head. I walked up to her and gave her $100 bill to go buy some food. When I did this other people started to give her money also. Grandma came to the mall once a week and I made it a point to give her $100 every time I would see her. I thought this could be my Grandma or even my wife in a few years. After about a year I never saw Grandma again and I wonder what happen to her to this day. That is when I got serious about saving for retirement.