Recently in 03. MLM as business school Category
I was at Dallas last weekend for
glyconutrients conference.
It was my 4th time to attend the conference.
Same as last year. I donated about 20% of annual income from glyconutrients business.
The "Blessing Program" is for orphans around the world. I appreciate my lifestyle in US. But I understand it is based other countries. So I wish my donation used for other countries.
I heard about these orphans recieve food donations. But mainly these are preservative food such a canned food. Calory is still high but vitamin, minerals, glyconurients are missing. That's why their health condition gets improved by glyconutrients and other supplement.
Hope program is for health challenged children ages 18 and under. Now it is started in Japan too.
I donated glyconutrinets to couple customer in Japan who has health challenge personally. But I know MannaRelief support would be much better.
MannaRelief
http://www.mannarelief.org
Thank you,
Naoki
I wrote about loan payment accelerator. Now
this is about how to make extra payment money.
If you know some restaurant ower, they may have nice car. Some people say they can buy because it is tax write off (business expense).
It might be true, but not all true.
You don't need to be restaurant owener to have tax advantage of small business.
It can be sole proprietor or network business. You don't need to have LLC, S corp or C corp.
Right drawing shows tax in California. If you have about $50k income. Federal income tax is about 30%. California income tax is about 15%. So total tax is about 45%.
1 year 12 month of 45% is about 5 month. But the 45% of tax is originaly your money.
If you have business you will have some control.
If you have started business and $10k of business loss. It
will be like next drawing.
I know you don't want to have loss in business. But more likely you may have loss in the begining.
If it has business purpose, your personal expense can be business expense. You may have cellphone, computer, car, business travel, business meal & entertainment.
For detail it's better to ask your CPA or tax attorney.
When you file tax, W2 income goes to 1040. 1099 business income goes to Schedule C. But I explain in simple combined.
Last drawing shows just total. You had -$10k.
So total income shows as $40K. Tax bracket may be change,
but let's calcurate as 45% for now.
Then tax is $18k. It was $22.5k originally. So $4.5k (about 9% of W2 income was saved).
These are just basic idea. You need to have "intention to profitable business" and record.
But you can learn quickly.
You can do any kind of business. But I'd suggest you to have a network marketing business. Because the products & service is for all. So your potential customer is everywhere.
My parents & sisters are in glyconutrients business with me. So I call to Japan or visit, it it tax write off.
If you're interested in tax advantage but not sure what kind business you want to do, please contact me.
I show you why I choosed glyconutrients business and think it is happiness business.
Tax Diary: http://tax.hada.us
-Naoki
This is one of my favorit topic.
If you have $100,000 loan with 30 year fix rate as 7.0%, your montly payment is $665.30.
If you pay $665.30 every month, how long will it take to pay off?
360 month (30 years). You pay total $23,9510.98.
No surprise, right? We have these contract with loan company.
If you pay $100 (about 15%) extra every month, how long will it take to pay off?
247 month (about 21 years). You pay total $189002.73.
Surprise? I was. It is about $50K less and pays off 9 year early.
It is the magic of compound interest. If you see above graph carefully, you'll find less than $100 is paid for pricipal in the begining.
That's why it takes long time. Many people say mortage interest has tax advantage. Yes it is true. But the condition is that if you pay $3, you get back $1. You can choose not pay $3.
But I'm paying just minimum mortage and I cannot pay extra 15%!!!
Yes I know. But if you have side business or home based business, you'll have tax advantage.
It will be next topic.
BTW, if you'd like to play with graph calcurator, here it is:
-Naoki
10 times faster to read
PhotoReading is the way to read book/text fast as 1 page per second. It is explained well in PhotoReading.com and book "PhotoReading Whole Mind System" I took 2.5 days class about 10 days ago. I've read Japanese translation about 5 years ago. It worked for me in Japanese. But now it works in English as well.
Search Engine
PhotoReading mechaism was explained as search engline. Right brains is good at handling images like HDD to store images. Left brain is good at logical processing. like CPU to search keyword.
Meditation
I realized sometime PhotoReading works well for me. Sometime is not. When I was in good state of mind (very similar to meditation), it works much better.
Conscious & Unconscious
So I think the information may be not stored only in brain. It may be store under unconscious mind or even farther. Some people call superconscious level, which is our soul or sprit's memory.
Does it work for you?
I think so. Every one has ability to do. I think it is just different approach. I've learn programming in Japanese and also in English. It is different format, but it is teaching same thing. PhotoReading is just another way to learn faster.
Wanna try?
I'd suggest to buy book "PhotoReading Whole Mind System". It is written very well. It is not for marketing book to sell seminar. Book itself is complete. But if you are really not sure, taking class would be good too. http://photoreading.com
Trinity from Matrix
Did you watch "Matrix" movie? Do you remember Trinity downloaded operating skill of helicopter in a minutes? Do you want to have such a skill? If you do, search "direct learning" section in the book. It is not exactly same, but very cool skill to have.
Just do it
Otherwise you won't have any experience. Only way is just do it.
Recieve, Use, Give
I think everything is about flow. This skill is like gift. It's great gift. With this skill I've saved so many hours in past years. So I want to recommend you this skill as much I like glyconutrients : )
For Detail: http://photoreading.com
-Naoki
For your happiness, you must have 3 healthes. Body health, Mind health & Financial health. If you are not happy, you will be not good person and start not good thing such a war. So you must be happy. It is not optional. It is a duty.
Aug. 9, 2006 - For the first time ever recorded, Americans owe more money than they make. Household debt levels have now surpassed household income by more than eight percent, reaching 108.4 percent in 2005, according to a May 2006 study by the Center for American Progress. Consumer debt is now at a record $2.17 trillion, reports the Federal Reserve Board and consumers cashed out a whopping $431 billion in home equity last year.
Refininace or equity loan is excellent idea for some people who know what they are doing. If you are not, it may become pit hole. Because you may be seduced for spending easily. There're so many advertising to make you spend. Sales or discount must not be your reason to buy.
Before I started business, I thought my finance was fine. But after that, business expense was challenging. In many case I thought it is investment or necessary for business and bought, bud I did not used them.
But finally my expense got full control with the tax diary system. Keeping reciept was not enough. Downloading credit card transaction record was not enough. I needed to feel pain when I use money and think about if it is worth. And also review process was really important.
There are so many tax advantage for business oweners, because they wrote the tax rules. Good news is that you can be business owner in home based business. All W-2 income earner should have any kind of home based business and use the tax advantage.
Goal is saving/investing your 50%+ of AGI (adjuested gross income). If you do that, how long will it takes you get out of all debt and financial free? Most of the case 10 years to be debt free and additional 10 years to be financial free. If you think you want to be, just search as "Home based business tax advantage" on google.
That's I started organizing after I listened Stever Buller's live presentation 3 times. Now I'm in action and can help others. At least 7 people started around me in past 1 month. Steve Buller's presentation is available in DVD, but I cannot find on online store now. When I found, I'll update this article.
-Naoki
Detail of quated story:
http://www.msnbc.msn.com/id/14251360/from/ET/
I'm still in Fort Worth, TX for glyconutrition business seminar. This is my 3rd year.
Today's main event was life change experience story and asked for donation for MannaRelief, which is NPO to help people who cannot afford financially with glyconutrition.
My cash donation this year was $3,000. Last year was $1000 and it was 10% income from my glyconutrition business. Business did not grow as I expected last year. Only 50% grow. I was planning 5-15 times grow. I was a little disappointed to myself, but I wanted to contribute more. So I donated 20% of my glyconutrition business income (as pre-tax) $3000.
It was my largest donation. When I was writing check, I was very nervous because I have to pay tax due in April.
But I was more excited and proud about myself same time.
If you don't know about MannaRelief yet, please check
http://www.mannarelief.org
They will be more known through 8th Wonder of World Project
http://www.8thwow.com
-Naoki
Here's Hada's glyconutrition business
report as 2006-01.
We've started on 2003-03, but I have data since July.
The team customer went over 260 people. This is because of your help & support. I really appriciate you all. Thank you very much.
We'll work on help more people in health & financial.
-Naoki
Links I use often. This page will be keep adding & updating.
Domestic and International Postage Rates
http://postcalc.usps.gov/
Zip Code Lookup
http://zip4.usps.com/zip4/welcome.jsp
Zip Code Lookup (Reverse)
http://zip4.usps.com/zip4/citytown_zip.jsp
Telephone area code lookup (& reverse)
http://www.whitepages.com/10001/area_codes
Office supply
http://www.staples.com
http://www.officedepot.com
Books
http://www.amazon.com
As you signed up as "independent associate" or "independent distributor", you should realize you are independent business owner.
So it is not good to just wait for what you should do to achieve your goals. Instead, "ASK".
If you ask, you get answer. There's no secret, but there's truth. If you don't ask, noone cannot answer.
If you ask me something, usually it happens as follow.
- I have answer, you get answer.
- I have answer, I prefer not give you answer (very rare case).
- I don't have answer, but I know other resource (FAQ, customer service, my upline) have answer or better answer.
- I don't have answer and don't know who you should ask. It might be very good question. Let's find out answer together.
There're some really helpful information. If you know, it really helps.
- USPS' priority flat rate envelop ($3.85) is very convinient.
- If you put CD or DVD with paper envelope, it costs just $0.37.
- Dream boad works.
- I have duplicatable system you can follow and achieve your goal.
- Your upline wants to help you.
- etc.
But no begging. If you like begging, yes, you can. If don't like, it is not necessary. Then, don't do that.
-Naoki
