Tax-Free Wealth

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Tax-Free Wealth is about tax planning concepts. It’s about how to use your country’s tax laws to your benefit. In this book, Tom Wheelwright will tell you how the tax laws work. And how they are designed to reduce your taxes, not to increase your taxes. Once you understand this basic principle, you no longer need to be afraid of the tax laws. They are there to help you and your business—not to hinder you.
Once you understand the basic principles of tax reduction, you can begin, immediately, reducing your taxes. Eventually, you may even be able to legally eliminate your income taxes and drastically reduce your other taxes. Once you do that, you can live a life of Tax-Free Wealth.

Small Business Taxation Corporate Business

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340 páginas impressas

Publicação original: 2013
Ano da publicação: 2013

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Salta Degenbaevacompartilhou uma impressãohá 4 anos
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Salta Degenbaevafez uma citaçãohá 4 anos
CHAPTER 24: KEY POINTS

1. Tax savings are exciting, but the most exciting part of tax savings is using that money to increase your wealth.
2. The three foundations of wealth building are compound interest, leverage, and velocity.
3. Compound interest by itself is a very slow way to build wealth, but combined with leverage and velocity, it’s a powerful wealth-building tool.
4. The only way to actually save money in taxes is to first start implementing the strategies found in this book. Find a great tax advisor and get started today!
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Salta Degenbaevafez uma citaçãohá 4 anos
Use my simple formula to create massive passive income. Start with earned income, invest in growth assets, create a huge amount of capital from your growth assets, and then invest in assets that generate passive income. With a substantial amount of capital, even investments with modest returns result in massive passive income.
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Salta Degenbaevafez uma citaçãohá 4 anos
s all about momentum. The more you leverage and the faster you reemploy your money, the faster you will build your wealth. Just remember the lessons at the speedway:
• Start by getting a proper education from experts who know what they’re doing.
• Then take some practice runs with the experts. When you do start investing or building your business on your own, start slowly and get used to the feel of the track (the investing or the business).
• After a few turns around the track, you can pick up speed and move faster and faster until, before you know it, you’ll be moving at a very fast speed and won’t even have to slow down for the curves in the road.
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