How Much Would You Save in Taxes if You Made Less Money

…the other day I asked my accountant “How Much Would I Save in Taxes if I Made Less Money”?

…specifically, I had her show me the difference in the taxes our family would pay now and if I wasn’t working my job…

…my husband and I both work jobs now…

…and not surprisingly, we would drop a tax bracket, and we would pay $7,000 less in taxes if I hadn’t worked last year…

How Much Money Are You Really Making At A Job?

The reason I asked my accountant this question is because my husband makes a lot more money in his job than I do…

…so, it may be more cost effective if I didn’t work a job and concentrated more on my business, on investing our money for dividends and my family…

…Why would that be the case?

Read on to find out more…

Business Income vs. Employment Income

…so one of my options, instead of working a job, would be to spend more time on my business…

…since our business income increases when we make more sales, we can make more money in our business than in a job…

…for example, in my job, I make $2/sale…

…however, in my business, I can make up to $2,000+ per sale…

…in addition, business income is not taxable in the same way as salary or job income…

…business income is taxed only after business expenses are deducted…

…business expenses include the space where you do business, and if your business is from home, then it would be the portion of your home that is dedicated to your business, your wage from your business…

…it would also include any phone or internet service charges…

For a detailed list of business expense deductions CLICK HERE

…so it’s probably becoming clear that there are tax advantages to making money in a business…

…in addition to these advantages, I enjoy running my business…

…and I enjoy learning internet marketing, blogging and researching financial freedom…

…if you have a talent or interest in a particular niche, you can also start an internet blogging business, with very little upfront cost, CLICK HERE to learn more…

…I know other friends who have businesses, like baking wedding cakes, making leaf pressed stationary, personal training, writing books…

…whatever your business, you can improve it, leverage it, and increase income and make it more successful…

Dividend Income vs. Employment Income

…another option for me, instead of spending time at my job, would be to spend more time researching dividend paying stocks…

…first reason to spend time increasing dividends is because it’s fun, and I really enjoy growing our personal income through investing…

…second reason I like spending time increasing our dividend income: because it’s income that is not dependent on my job, and to me it’s more stable than job income…

…if you do it right…

…also, dividend income may not be taxed the same as employment income, depending on the type of dividend and also on your tax bracket, according to a Wells Fargo article for 2016:

“For tax purposes, dividends are considered either “qualified” or “nonqualified.” Qualified dividends are:

Tax-free for those in the 10% and 15% brackets to the extent qualified dividend income remains within those brackets
Taxed at a 15% rate for those in the 25% up to 35% tax brackets
Taxed at a 20% rate for higher income taxpayers whose income surpasses the 35% tax bracket
Nonqualified dividends are taxed at the same rates as ordinary income (currently a 39.6% maximum).”

So in determining if you should work less, take into account if you are growing your dividend income…

Time With Family vs. Employment Income

Let’s pretend you are on your deathbed, and you are thinking back on the most important moments of your life…

…most people will think back to happy times with their family…

…when their son or daughter first said “Daddy” or “Mommy”…

…or their first softball game…

…or their wedding day…

…these precious moments when we are spending quality time with our parents, siblings, children…

…these are the most cherished moments of our lives…

…and yet many people spend time away from their families doing unmemorable things at their jobs…

…some people don’t even know their own children because they are so caught up in their work life, that they are hardly ever home…

…it may be the case that the money that I’m making at my job is not worth the time away from my family…

…I’ve met plenty of people who couldn’t bear sending their kids to be raised by strangers, and left their jobs to raise their own children…

…some are internet entrepreneurs, some are spouses who have enough money with the other spouse working…

…so another option for me is to quit so that I can spend more time with my son, with my Mom and husband, and building a happy and healthy family…

Conclusion

I believe that anyone can become financially free, and it doesn’t matter what your profession is or your educational background…

…all that matters is that you decide you want it and you follow the steps to attain it (CLICK HERE FOR THE STEPS TO FOLLOW)…

…share this article with a friend and spread financial freedom throughout the world =)

 

How Valuable Is Your Time?

Mey here on a cool Thursday morning, with the rain gently patting on the plants outside of my window, writing to you about one of the key questions to your financial freedom…How Valuable Is Your Time?

…to me, all of our financial freedom journey or quest really comes down to this one idea of the value of our time…

…because money isn’t what we are ultimately after when we want to be financially free…

…of course, we do need enough money to support ourselves and allow us to make choices regarding our lifestyle…

…the real indicator though of freedom is the value of our time…

…we want to have control over our own time…

…we want to be able to spend our time our way, by our own choice…

How Valuable Is Your Time?

…so, here are some questions to help you realize how much value you are putting on your time…

…most people agree that the most precious times in their lives are with their children and family…

…to be there for them for sporting events, or weddings, or just to play with your kids and share with each other on a daily basis…

…so do you take the time to do that?

…when you are with your children, and the phone rings from work or it beeps from a facebook post, do you answer it or do you just stay with your children?

…I actually got to realize how valuable my time was to me when my boss once asked me this question “If someone paid you a million dollars a year however you would have to work 80+ hours a week to get it, would you do it?” and my answer was NO WAY…

…at the time I only worked 40 hours a week…

…and that was before I was married or even had kids…

…why? because there is no way I’m going to do a job for that many hours…

…because my private time was too valuable…

…I enjoy surfing, swimming, biking, running, reading, doing my internet business, spending time with my Mom and connecting with others on a spiritual and meaningful level…

…there was no way that I was going to trade the bulk of my time for anything else except for what I love to do…

…at the time he did not believe me, because he had traded most of his time to his job…and he thought that’s what everyone else would do too…

The Relationship Between Wealth and The Value of Your Time

…as I’ve gotten wealthier my time has become more and more valuable…

…all of my notifications on my phone are off, I only check what I need to on facebook and skype at a designated time during the day, I spend maybe 5 minutes…

…if during those 5 minutes, someone messages me on facebook or twitter and I don’t know them and their message makes no sense, I don’t respond…

…during my day, if someone calls and I don’t know them or want to speak to them, I don’t answer…

…if I’m with my family spending time with them, I don’t usually have my phone around, unless I want to take pictures…

…if you wanted to talk to me and you are not in my current sphere of people, you would have to leave me a message on my phone or a meaningful request through social media…

…if I deemed your request of value, then we would set up an appt for between 15 minutes to 40 minutes max, on another day or week when I had the spot open, to speak on the phone or on Skype…

…what about you?

…how valuable is your time?

…if someone asked you the million dollar question would you answer yes or no?

…how valuable is your time?

Conclusion

…I’ve been told by some that my head was a little more clear about how to value the people and activities that I love in my life…

…the truth is that I used to be a workaholic and a slave to fame and status…

…once I realized the prison I was in, I broke free, and never looked back…

…and I’ve been getting wealthier and wealthier ever since…

…all it comes down to is a decision, of how you want to spend your time, and to take action…

…I spend about 1-2 hours of my valuable time blogging and sharing my blogs with the world because I enjoy the challenge, I enjoy learning all that I can about financial freedom and I love helping others attain their goals and dreams…

…if you like what I do, and you want to share your value with the world too by blogging, then CLICK HERE, watch the free video introduction, and get started!

Story Time – The Power of This Moment

…Mey here early on Wednesday sharing with you Story Time – The Power of This Moment

…I watched our Agape Sunday Service last night, my online church community with Micheal Beckwith…

…and he shared with us a powerful story about The Power of This Moment…

…so there was a lady who wrote a list of everything she needed…

…she wrote down that next month she was going to need to pay her rent, pay her car payment, buy clothes for her kids, put food in her fridge…

…she put the list in a drawer, closed the drawer and started to pray…

…then she heard a voice that asked “What do you need?”…

…and she opened the drawer, pulled out her list, and read “I need to pay the rent, pay my car payment, buy clothes for my kids, put food in the fridge by next month”…

…and the voice asked again “What do you need?”…

…and she read the list again, she thought maybe she forgot something, “I need to pay the rent, pay my car payment, buy clothes for my kids, put food in the fridge by next month”…

…and the voice asked again “What do you need now?”…

…and she said “now? you mean now now?  Oh, now I’m GOOD”…

…so the point of the story is that in this moment we already have everything that we need…

…and if we expand that knowing, into our eternal Now which is the only moment that we ever have…

…then we will relax in the knowing that we already have everything we need…

…and manifest the abundance that is already in our hearts…

…our hearts that have more neurons than our brains…

…so enjoy the power of this moment…

…and thank you for joining me for story time…

…do you want to tell meaningful stories from your life and experience for the world and make money doing it?

…start your own blog!

…click below for details…

10 of the Best Spring Time Quotes and Thoughts on the Journey of Financial Freedom

…spring time is when life comes out again, and the weather warms up…

…at least when I lived in Buffalo that’s what it was like…

…melting snow, warming weather, finally seeing some flowers and grass and warm breezes…

…coming alive…

…sometimes I think about Financial Freedom as a destination, and yet it is like winter turning to spring…

…life changes and there is nothing wrong with winter or spring, and they exist in the beauty of their contrasts…

…so whether you are indebted to money or financially free, let us enjoy where we are right now and remind ourselves of the nature of spring with this the best quotes about Spring…

  1. It’s spring fever. That is what the name of it is. And when you’ve got it, you want — oh, you don’t quite know what it is you do want, but it just fairly makes your heart ache, you want it so!

    Mark Twain

    …this is like the journey of financial freedom and awakening to a new level of consciousness…

    …sometimes I think I have spring fever…

  2. Springtime is the land awakening. The March winds are the morning yawn.

    Quoted by Lewis Grizzard in Kathy Sue Loudermilk, I Love You

    …it’s time again, in a cycle it is born, the spring…

    …and with it everything wakes up and comes alive!

  3. Spring is nature’s way of saying, Let’s party!

    Robin Williams

    …ask my husband and he will tell you that if there is music and a dance floor, I will be on it…

    …it’s always good to be reminded to party…

  4. It was one of those March days when the sun shines hot and the wind blows cold: when it is summer in the light, and winter in the shade.

    Charles Dickens, Great Expectations

    …that’s Spring, a mix of what was and what is coming…

    …a boiling pot of change, renewal, growth…

    …that’s how it felt to me growing up…

  5. The naked earth is warm with Spring,
    And with green grass and bursting trees
    Leans to the sun’s kiss glorying,
    And quivers in the sunny breeze.

    Julian Grenfell

    …don’t you just see and feel spring by reading this?

    …so beautiful!

  6. Hoe while it is spring, and enjoy the best anticipations. It is not much matter if things do not turn out well.

    Charles Dudley Warner

    …this is how I like to look at my journey to financial freedom…

    …save when the time is right, and do my best…

    …as it would be, it is actually the journey that is the highlight…

  7. I love spring anywhere, but if I could choose I would always greet it in a garden.

    Ruth Stout
    …I agree, outside with the flowers!
  8. No matter how long the winter, spring is sure to follow.

    Proverb

    …you’ll make it through…

    …if you are struggling financially I’ve been in a similar situation…

    …keep going and spring will follow…

  9. If we had no winter, the spring would not be so pleasant; if we did not sometimes taste of adversity, prosperity would not be so welcome.

    Anne Bradstreet
    …couldn’t have said it better myself…
  10. And Spring arose on the garden fair,
    Like the Spirit of Love felt everywhere;
    And each flower and herb on Earth’s dark breast
    rose from the dreams of its wintry rest.

    Percy Bysshe Shelley, “The Sensitive Plant”
    …another beautiful passage full of imagery…

…is it time for you to change what you’ve been doing and grow forth in Spring…

…we are a growing community of bloggers who share our talents and skills with the world through our articles, pictures and videos…

…it’s time to tell the world about you…

…do what you need to do to get started, and the first step is to click on the image below…

How Parenting Has Impacted My Life

…ever had a life changing experience IMPACT your life like parenting?

…It’s made me MUCH more efficient with my time and also PATIENT…

…here’s my parenting story…

 

…before we had Jordan my life was great…

…and it was busy, with exercise and sleep and work…

…my husband and I would go out to see friends, or invite them over…

…we would participate in classes and volunteer for PSI seminars…

…it was very rewarding…

…what I learned from becoming a parent is that I have to spend my time on what is important…

…so if I’m watching Jordan then he is important, and he needs my attention…

…that means that if I had some plans for just myself, I’d have to make them only early in the morning when he’s sleeping…or on my lunch hour at work…

…my me time has shrunk a lot and so I spend it very wisely, listening to audios of books and wealthy entrepreneurs, reading books and blogging, doing e-mails…

…I do all that in less than 2 hours a day!

…I also learned PATIENCE…

…sometimes Jordan is just cranky, like he was last night…

…and all you can do is be soothing and understanding and do your best to make him feel better…

…he wanted me to carry him and wanted to fall asleep in the living room =)…

…so that’s where I was last night, in the living room until he was fast asleep…

…and it all comes down to letting out negative emotions when I get them, and then going back into loving patience…

…today my life is pretty special…

…I can truly say that I spend all of my time doing what I love to do, and that this time spent parenting is very precious…

…parenting is the hardest and most rewarding thing that I do everyday…

…it allows me to focus on the things in my work, business and love life that are the most essential…

…so that I spend my time where it will make the biggest difference…

…I still exercise almost everyday, we still go on our date night, and I actually spend more time on my business than before I became a parent…

…it’s also shown me how much I can do with little sleep and less time…

…did you know that you can learn a lot about becoming successful at your own internet business by listening to people who have already done it?

…check out the library I use everyday by clicking the image below…

Ten Fascinating Quotes To Remind Us of The Value and Nature of Time

…what would you do if had the money to do anything?

…most of us would trade that money in for more TIME to spend doing what we love…

…you see, financial freedom to me is really about time freedom…

…what does it mean to you?

…read on for some fascinating quotes on the value and nature of time…

  1. But what minutes! Count them by sensation, and not by calendars, and each moment is a day.

    Benjamin Disraeli

    …this reminds me of how precious each moment is that we live in this life…

    …I know it’s easy sometimes to get caught up in almost the trance of day to day routines and to lose sight of how beautiful, and expansive that life really is…

  2. Time goes, you say? Ah no!
    Alas, Time stays, we go.

    Henry Austin Dobson

    …ah, this is a great reminder to be humble and to appreciate our time here on this planet…

    …our language really can be amusing, as it can make it seem like our external environment is in control…

    …when in reality we are the ones who are here and in control…

  3. You must have been warned against letting the golden hours slip by; but some of them are golden only because we let them slip by.

    J.M. Barrie

    …time makes things precious, puts things into perspective…

    …since we know that moments won’t last, they become quite valuable…

    …don’t you think?

  4. A good holiday is one spent among people whose notions of time are vaguer than yours.

    John B. Priestly

    …hah!

    …love it!

    …you know when you’re having fun and you totally lose track of time…

    …and you are just enjoying life…

    …those are the precious moments =)

  5. How long a minute is, depends on which side of the bathroom door you’re on.

    Zall’s Second Law

    …Ha ha ha!

    …this is proof that time is relative and that it can speed up or slow down when we want it (or don’t want it) to…

  6. Time! the corrector when our judgments err.

    Lord Byron

    …ever been asked to do something or thought something was important for you to do…

    …and then you didn’t get to it until the next day and realized it wasn’t important at all?

    …time always tells what is really important in our lives…

    …a beautiful quote don’t you think?

  7. Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.

    Carl Sandburg

    …I think this rings to the heart of what financial freedom is all about…

    …if you feel tied down to having to trade your time for money, and having others spend your time for you, let this be a motivation to set yourself free…

  8. Time heals what reason cannot.

    Seneca

    …so true…

    …if you are sad now, rest assured that time will heal it…

    …don’t you agree?

  9. The lesson of Good Friday is to never lose hope — or at least give it 48 hours.

    Robert Brault, rbrault.blogspot.com

    …hilarious!

    …very very funny….

  10. Time is a created thing. To say ‘I don’t have time,’ is like saying, ‘I don’t want to.’

    Lao-Tzu

    …Lao-Tzu always makes me think…

    …here he says that we create time as an excuse…

    …fascinating!

…what would you say if I told you that an hour or two a day on the internet can bring you financial freedom…

…would that be time well spent to you?

…Click the image below, enter your e-mail, and learn more about the value of your time…