Did you know that taxes, inflation, and debt are what keep most people broke, living paycheck to paycheck? This is the unfortunate truth. But is network marketing the solution?
Taxes are the single biggest expense people pay in their lifetime. Many of us work the first three to five months of the year, just to cover our tax bill. This is just crazy.
Inflation decreases our spending power as the “value” of the dollar goes down each year. The government prints money whenever they want, which puts more currency in circulation, which makes the “buying power” of each dollar decrease.
To put things in perspective, look at how much the cost of a gallon of milk, a meal at your favorite restaurant, or a tank of gas for your car has gone up over the past 20 to 30 years? That is inflation at work.
And finally, most people have so much consumer debt that they don’t have “extra” money to invest or pursue their passions. People are burdened with immense college loans, car loans, credit cards, and big mortgage payments. Sometimes you feel like you’re working just to pay down your debt!
Why You Need A Home-Based Business
Now, I know there isn’t a lot we can do about inflation (that’s up to the government) but I do believe that having a home-based business can help you with those other two things.
Reason #1 – First off, a home-based business can help you save money in taxes because business owners have tax advantages that employees do not have.
Reason #2 – Once you have a business of your own, you can write off many of the expenses you already had, which reduces your tax bill (please talk with your CPA to figure out what you can and can’t deduct).
Reason #3 – Next, having a part-time home-based business (in addition to your primary source of income) can help you earn additional income, which can be used to pay off debt and invest in the future.
As I see it, everyone needs a home-based business to help them fight inflation, taxes, and debt. Do I honestly believe you must use network marketing as THE vehicle to achieve financial success? No, but it is a viable option. I believe that having a home-based business in general is the answer. Personally, I have a virtual assistant business AND network marketing business. Both required very little start-up costs.
There are many home-based business models to choose from. Whichever you choose, you can get some amazing tax advantages and take control of your financial future.
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