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.  
I asked my CPA accountant, if you have to pay SS tax on all income. She told me something very interesting, that few people know about. There are four major methods to invest your money legally to not pay any FICA tax of 15.3% a year. Refer to the tax code for more information at or contact your tax accountant.

You do not pay FICA tax on stock sales, stock dividends, property sales, or property rental. Any income from these four areas is not required to pay the tax. I thought about this and made a plan to have all my income by the age of 60 come from these four areas. I only wish I had done it sooner at age of 50. The power of this savings is incredible. For example if your income is $106,000 per year you are at the taxable maximum amount. This means you are paying in about $16,000 for FICA tax. Over a 10 year period this is $160,000. So if you could derive all or part of your income from the above four sources then you can really benefit.    
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. 

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.


CONSULTANT: Thomas H. Ward, MBA in International Business with over 30 years experience in export and import of goods and services.  Has done work for KIA, Inc, RCA, Zenith, Texas Instruments, Stuart Coatings, and SKC (Korea), to name a few companies. Import / Export experience with China, Japan, S. Korea, Southeast Asia, Europe, Mexico, North America, and South America.

I wrote the book LETTERS OF CREDIT AND DOCUMENTARY COLLECTIONS available on Amazon, Kindle and, Xlibris publishing.  Go to:

If you need help to export or import goods or services I can provide the following at low costs.

1. Help to set up a Letter of Credit for export, providing you step by step guidance.

2. Help to review Letters of Credit and Bills of Lading for your export shipment to make sure you are adhere to the terms of the LC.

3. Arrange Shipping for your export goods with a dependable Freight Forwarding Agent that can handle HAZMAT or DANGEROUS goods. Shipments can be made from LA, Chicago, New York, or Houston.

4. I can make sure you will be paid so your risk of nonpayment is zero.

5. I can show you how to use a Letter of Credit to obtain an Assignment of Proceeds Letter from your bank to avoid making a costly Transferable Letter of Credit. An Assignment of Proceeds Letter does not advise who the customer or supplier is keeping this information private.

6. I can advise you what Banks to use to reduce your Banking charges when using a Letter of Credit.

These are just some of the services I offer. Email me with your problems and questions I will reply at no cost to you. Let me help you make more money.

Contact me at: I provide low fees with excellent service.

Do not take chances with your money. Doing export shipments is a risky business so make sure you get paid. Likewise importing goods and paying in advance is also risky. I can help you remove the risk
There are many fine accounting programs out on the market that can be used, but QuickBooks is one of the best and easiest. You should become familiar with all the features of the accounting programs you utilize.

A good program can provide almost everything you may need to obtain the necessary reports. The key reports and information required are these:

1 . A weekly sales report that shows you the sales for the month but should be printed out weekly. This is discussed in the next chapter.

2. The trend analysis, or monthly statement, can also be obtained from QuickBooks. Exhibits 2a and 2b are custom produced statements made in an easy to read format. The monthly statement shows your sales and profits for each month.

3. Unpaid Bills exhibit 4b is a list of all of your companies unpaid invoices.

4. Open Purchase Order: These are purchase orders made by your company but you have not been invoiced for yet by the supplier exhibit 4c..

5. Open Invoices are all unpaid invoices and it shows all the customers that owe your company money in exhibit 4d.

6. The inventory list shows the items in your stock and your cost for each item in exhibit 5.

7. A breakeven table that shows the sales amount on the y axis and the gross profit percentage on the x axis in exhibit 3. This shows what sales you need to breakeven and will be discussed in Chapter 5.

The above items can all be obtained from good accounting programs. Some of these reports will be used to make the "net value analysis", which is discussed in chapter 6. 

My books explains in detail how to use Letters of Credit and also Assingment of Proceeds Letters to help you cash flow.
Using the book "Letters of Credit and Documentary Collections," you can answer any question you may have about using Letters of Credit. After reading this you will be an expert and be able to use this powerful tool to help your business start international sales with little to no risk. No risk is the key when selling outside the good old USA as there are many ways to get burned. This book is loaded with real life examples and samples of the required paper work. It provides a step by step guide how to open a Letter of Credit.

Read by book and use NET VALUE ANALYSIS to know if your business is making money or not. You do not need to be an Accountant to use this simple mehtod 
Manage your business better with Small Business Accounting Tools. This is a simple system for small business operations to monitor profit and loss. The tools mentioned in this primer allow you to know the following:

1.                            You will know what the gross and net profit is at any given time.

2.                            You will know what the breakeven point is and the effect on profit.

3.                            You will be able to do sales forecasts.

4.                            You will have better control of cash flow.

5.                            You will know if your business is making money.

We all use accounting in our personal life. Accounting is used to make a household budget and to keep track of your own checkbook. How much do you have left at the end of each month? This is easy to calculate: just subtract the amount that came in from the amount you spent. Then, what is left is your profit. Unfortunately, it is not that easy in the business world. By using the "Small Business Accounting Tools" in this booklet, it will make it almost that easy.

Learn these fast and easy methods to keep track of how your business is running. Determine if you are making profits or not by using these fast and simple methods. You do not need to be an accountant to understand these methods. The "Small Business Accounting Tools" was developed for use by small business owners who do not have a large accounting staff to track and report company profits and sales.

This booklet gives you a "net value analysis" to determine the value of your company based on your assets. This "net value analysis" was developed to provide you, the small business owner, a fast, easy method to determine if your company is in the red or in the black. This analysis can also provide you a warning signal if your business is in trouble. These tools will help you become a better manager and understand how your company cash flow, sales, and expenses can affect your bottom line. But most importantly, you will always be able to know if your business is solvent.