So You’ve Bought good riches … Now What?
Most people have heard of the phrase good money and the notion is somewhat accurate. But, the good money concept is a little more nuanced than good money. The good money concept is simply “money is money.” The good money concept means that you should treat your money as a resource with a range of potential uses. For example, you could put your money in savings or a personal checking account. You could invest your money in stocks or bonds.
There are other options too. You could put it in a savings account at a bank, in an IRA, in a Roth IRA, or in a 401(k). You could invest in mutual funds, venture capital funds, or private equity funds. One thing is for certain: If you put your money in a savings account, you will benefit from a tax deduction for your interest in the account.
Another use you could make of your money. For example, you could buy a restaurant or a new home. You could invest in a business. Or you could put your money into assets that can’t be traced back to you like a home or a car. If you live in an area where foreclosures are common, you could look for a home to buy that’s not foreclosed.
In all the years I’ve worked on Internet-based businesses, I’ve never come across anyone who put their money into things that were not tax advantaged. It doesn’t matter if your money is a small amount, the benefits are tax deductible. In fact, it’s not hard at all to do this. Just put something tangible (like your food) into something that is tax-advantaged.
The same rule applies to all your possessions, and in this case, the tax benefits are even better. Just put something tangible into something that is tax-advantaged.
The government has really, really good ideas on how to do this; they are always thinking about tax-advantaged investments. If you have money that is not tax-advantaged or even tax deductible, then you can put your money into something that is tax-advantaged.
This is a good idea because if you have money that is tax-advantaged, then it can be put into something that is tax-advantaged, and then you can use that money to help out your fellow man. In this case, you can invest the money into a property, and then you can use that money to help out your fellow man.
The problem with taxes is that, at the very least, they should be progressive. As it turns out, the richest Americans, on average, pay roughly 33% less in taxes each year than the average person making less than $2,000. This means that if you have $5 million you can tax yourself at a rate of just $1,000 per year.
This is especially true when you consider that most people pay for their taxes by taking out loans from banks and investing in companies. In this case, you don’t just have to buy a house; you can buy a million houses with the money you receive in taxes. So if you find yourself doing a lot of buying, you can easily pay off your mortgage by investing in property.
The good news is that most people who take out loans from banks and invest in companies are able to pay off their loans at a relatively low rate of interest. In fact, the average interest paid by a homebuyer is just 0.3% and so the average mortgage is only $4,500.