Thursday, October 19, 2006
It’s Never Too Late to Start a Home Based Business
Many people think that life after 50 is all down hill. With the onslaught of Baby Boomers getting ready to retire, 50 is the new 40! NOW, TODAY, right after reading this article, is a great time to start your own Home Based Business! The benefits of a searching for a retirement "Pot Of Gold" are so numerous, that the downside of possible failure almost becomes a non-issue no mater what your age. There are literally thousands of MLM, MRM, Referral Based and Residual Based business’ floating around today. Somewhere, there is a home-based business opportunity that’s perfect for your life style!
* First - lets talk about the tax benefits:
I am not a tax accountant and I recommend you speak with your to get the complete story. With that said, my experience in business ownership has been very favorable especially when it comes to tax incentives. Regardless of your income bracket, we could all use more tax breaks!
- Young Whippersnapper:
If you are in you early 30’s don’t let the preverbal grass grow under your feet! The sooner you get started, the longer you have to grow your business. Treat your home-based business like you would if you were investing in stocks. A little everyday, don’t quit and over the long haul, you can bank big-time!
- Pre-Retirement:
If you happen to be approaching mid life, the tax advantage will come in very handy Now & Then when it is time to retire. In addition, unless you are one of the 20% of the population that has their retirement act together, you are going to need extra income. Wouldn’t it be great that you worked at Wahl-Mart because you wanted too as opposed because you had too! Enough said about that.
- The Golden Years:
If you are already retired, you may not be paying taxes because you do not make enough money in the first place. Naturally, many retired people are afraid that if they make more money they will have to pay taxes. If you get yourself into the right home-based business, that amount of money you make will more that offset that amount of taxes you will owe. And lets not forget the initial tax advantage you may get right fro the start which could put more money in your pocket.
* Second - Lets talk about the income:
There are so many home-based business opportunities available; it can be difficult knowing where to start. My husband and I are involved in entirely different companies but our rule of thumb has always been, “Don’t sell a company that you wouldn’t use yourself!” I have found through my years of marketing, that when you believe in a product, you can promote it with conviction! If you are going to be successful, you may have to make it through those lean times or struggling times when your business doesn’t seem to be getting off the ground quick enough. You will need to treat your business like a child. Don’t abandon it when it misbehaves! Don’t abandon it when it’s costing money like a teenager! Instead train it, make adjustments to fit your life style both time-wise and financially. Stick with it and it will come around! To us, that has been the importance of conviction.
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