How much will you pay in taxes next year π€
🕑 Added 2023-07-01 19:02:02 +0000 UTCJust a reminder, rich people think differently about money than everyone else.
I was on a plane today going over numbers, making sure everything is documented and up to date. I use WaveApps, so business accounts are connected and imported automatically. Over the last 12 months for this business specifically, Iβm projected to pay taxes on roughly $66,403 in net profits despite running up roughly $2.6 million in income.
The point is, when you get rid of personal debt, then allocate the majority of your income (personal or business) into investing or reinvesting into yourself and businesses, you increase your earning power, assets, net worth, and legally reduce the amount youβre giving away in taxes.
Stay motivated Bag Chasers and letβs run the numbers up. More great content on the way β€οΈ
Comments
TailorMs.Taylor
Thanks for keeping us up!
Lester Long
Thanks for your encouragement π
Regina McManus
Thanks for sharing π
Vizzy
I agree!
Dre
Thanks for sharing AD
Scott Free
Is that an Apple app? I don't see it on the Android store.
Haleem S. Livingston Jr.
Motivation
Caleb Martin
Love to get a session with you. Long term student of the game
ABJ (Wise and Strong)
This is Beautiful π₯
William P
You have been and will continue to be a true Blessing. Thank you brother.
Gerald Alexander M Jones
Bag Chasinβ π€
Chicken Livers
I just joined the BC team. I'm a newbie to all these concepts. Will be scheduling a coaching call soon BIG Dog. And grab a bag of Better Maid chips. They don't know about the D style snacks
George Stlouis
Very grateful! Thank you for your teachings and insights! BLESSED!!
See.It.Thru_Magic
Needed to see this bruv, Iβm grateful ππΎ
Robert Whitehead
Bro, I love this. Thanks for the insight.
Yonis A Gabow
Outstanding!
jamie h
I showed a profit one year with my business and was so happy. Then Uncle Sam came. I made sure after that year not to show a profit again
Rio
Appreciate it bro
brian
My new hero!
chardinHOPE
I canβt wait to finish getting rid of my debt!
Kristopher thomas
I have been using QuickBooks as well. Can Wave app process payroll as well, or is it strictly scrapping all the accounts?
Rio
Iβm currently using quickbooks for my commercial cleaning company. Lot of fees with quickbooks. Any bag chasers made the transition from quickbooks to waves? Appreciate any feedback.
Andre Buck
Alright man just joined. Iβm about to dig in see what I can learn from ya.
Jonathan Nixon
Would love a full video dedicated to only this.
Damon Smith III
Iβm about to get the waves app today! Can you begin writing expenses in the middle of the year or wait until the next Tax season and start new?
dyrell Brown
Real talk Iβm working on getting rid of 50 k in student loans at 30 . My only debt issue ππΎββοΈ
Rafael Alba
Thanks for sharing Coach! The Girlfriend and I will be Debt free soon!
Rio
Get rid of the money!!
Natasha Vincent
The real flex is the $0 in COGs lol That would be a great video considering you do more than YouTube.
Jay Israel
Whatβs your favourite business that you run Anton?
Dawaylon Williams
β β β
Anton Daniels
Iβm on it
Big Suggs
Word, great lesson. This is the real deal!!!
Mumia Obsidian Ali
Excellent presentation, Anton! Hey brother, if you ever offered an actual, dedicated course on how to run a business and be successful at it based on your years of real world, boots on the ground experience, I would buy it in a heartbeat! Much appreciated and keep up the great work! MOA
ClassE Beats
π°π°ππΎββοΈ
L C
A word and a bar. Do you also use food smjku non profits as another vehicle? I give my son a scholarship for his school tuition every year that I can write off 100%
Argustic Dunbar
Love this! Thank you for setting an example of success! I canβt wait to make MILLIONS and pay taxes on tens of thousands lol
Forex Man
Run the numbers up⦠latching on to this idea for this week
Anton Daniels
Of course I can
B2C Advisors
Can you give us a video on this?
EJ
For the first time in 8 years I'm not doing taxes, I was medically retired from service so all my income is tax free (disability+GI Bill) until I graduate and start working again. It's bitter sweet though since I was used to a 5 figure tax return each year, however it's also nice collecting every cent on every dollar each month. Once I start my own accounting firm, I'll definitely be keen on reinvesting, expanding, and paying less in taxes.
Fa Brown
ππ―
Lester Phillip
Love to see it, thank you for the insight ππΎπͺπΎ
Laith
Great point Iβm going to be using WaveApps