How To Make More Money AND Reduce Your Taxable Income
In this video, accountant Stephanie Fauntleroy discusses tax write-offs, including professional development.
Professional development is one the most awesome write-offs you can take advantage of because professional development is how you make more money.
And at the same time, it's how you reduce your taxable income on the money you make.
The same applies for advertising.
Gotta Spend Money To Make Money
Coca-Cola spends $6 billion per year on global advertising.
Of course, they didn't start there.
They started with a small investment that produced a return.
Then, they reinvested and kept doing it.
Can you imagine what kind of return they're generating if they're willing to invest $6 billion per year in advertising?
What are you willing to invest in yourself?
How is your business ever going to get from where it is to where you want it to be if you're not investing in professional development and advertising?
You can save a dollar that will be worth only 97 cents next year, or you can invest a dollar in yourself and your business and generate ten dollars in return.
And then reinvest that ten dollars to make a hundred.
The number one determinant of how far your business goes will be what you're willing to invest in yourself.
Nobody else is going to bet on you if you won't bet on yourself.