Last week was a big reminder of the advantages of lifestyle freedom. I had several errands to run, among them was to vote. I have found that between 10:30 and 11:15 in the morning are the best times to do a lot of things because everyone else is at their job. Being my own boss, I decide when to do it.

When I went to vote, there was one other voter there. I was in and out in under 10 minutes. During lunch and after work, there was a mob of voters. I’m sure the vote time was at least 45 minutes.

I get my hair cut during these times, no waiting. At other times, there are at least one if not two people ahead of you. The stylists always ask if I am taking the day off because not only am I there at that time but I’m dressed extremely casually.

We had an issue with our cable TV signal. I was able to schedule the technician’s visit when it was convenient to me. Working from home meant that I didn’t have to take off to meet him. I didn’t have to disrupt my work longer than it took to tell him where the box was.

The carpet commute eliminates traffic frustrations as well as wear and tear on the car. The 13 gallon gas tank lasts about 3 to 4 weeks so the high gas prices were not a big deal.

If you want to enjoy a flexible schedule, boost your family budget and avoid things such as layoffs, I would invite you to start your own home based business. The residual income that you create will let you ‘retire’ whenever you want.

Technorati Tags: budget, carpet commute, family budget, flexible schedule, gas prices, home based business, job, layoffs, lifestyle freedom, residual income, retire, work for myself, working from home

My family was watching our Back To The Future DVD’s this week. Biff was the school bully who was trying to dominate those around him. Even after school, in the initial timeline, Biff bullied George McFly at work. Most people have bullies in their life although they may not recognize them.

One bully, in the US, is the IRS. They tell you when to pay and how much. If you try not to pay, they can seize your things to satisfy your tax bill and throw you in jail to boot.

Another bully can be your job. You get told when to show up, what to do, when you can take a break, how much you will get paid, etc. Then, if there’s a problem, they can downsize you in a heartbeat.

You may get interested in a home business and some well meaning person may tell you that’s it’s no good. If you believe them, they are bullying you into their way of thinking.

How do you stand up to these bullies? You have to develop the strength, mentally and emotionally, to stand for what you believe in. George McFly summoned the mental and emotional strength to stand his ground. His pain was forced to an acuteness that gave him the strength to take action. After he realized that he had the power to stand up to Biff, his life and those of his loved ones changed dramatically for the better.

Part of you strength should come from you own home based business such as a good network marketing opportunity. By working this business, you can develop the mental and emotional toughness to stand up to bigger and bigger bullies.

When you develop lifestyle freedom, which includes money freedom, time freedom and the health to enjoy it all, you can control when to get up, how much you make, what you do, etc.

A home based business gives you more control over your taxes. You can structure your business in such a manner as to minimize your tax bill. You can shift many of your expenses to before tax dollars.

I invite you to take your stand today.

Technorati Tags: home based business, job, lifestyle, lifestyle freedom, mental and emotional toughness, money freedom, network marketing, network marketing opportunity, time freedom

The stock market has dropped for the last two days. There will be adjustments there as the market reacts to the election results.

Retirement accounts are taking a beating again. Before this drop, I had read they had lost over $3 trillion. That’s more than a lot of countries’ economies.

In response to the old adage, “I could be a greeter at Walmart when I get old,” just remember, Fidelity is laying off more people than there are Walmarts.

What the solution? A renewable source of income. You can start your own business. If you would like to know more about a home based business, you can get a free CD from Robert Kiyosaki, author of Rich Dad, Poor Dad, called “The Perfect Business.” Go to www.FreeRKCDForYou.com.

Remember, if you start a home based business to generate residual income and create your own lifestyle freedom before Dec. 31, you can claim tax deductions for this year.

Technorati Tags: election results, free cd, home based business, lifestyle freedom, own business, renewable source of income, residual income, retire, retirement accounts, robert kiyosaki, stock market, tax deductions

This comes from David R. Kamerschen, who’s a Ph.D. as well as the Professor of Economics at the University of Georgia

To quote David, “For those who understand this, no explanation is needed. For those who don’t, no explanation is possible”.

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.

The fifth would pay $1.

The sixth would pay $3.

The seventh would pay $7.

The eighth would pay $12.

The ninth would pay $18.

The tenth man (the richest) would pay $59.

So, that’s what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. “Since you are all such good customers,” he said, “I”m going to reduce the cost of your daily beer by $20″.

Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected.

They would still drink for free.

But what about the other six men – the paying customers?

How could they divide the $20 windfall so that everyone would get his “fair share”? They realized that $20 divided by six is $3.33.

But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so the fifth man, like the first four, now paid nothing (100% savings).

The sixth now paid $2 instead of $3 (33%savings).

The seventh now pay $5 instead of $7 (28%savings).

The eighth now paid $9 instead of $12 (25% savings).

The ninth now paid $14 instead of $18 ( 22% savings) .

The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before.

And the first four continued to drink for free.

But once outside the restaurant, the men began to compare their savings. “I only got a dollar out of the $20,” declared the sixth man.

He pointed to the tenth man, “but he got $10!” “Yeah, that’s right”, exclaimed the fifth man. “I only saved a dollar, too. It”s unfair that he got ten times more than I”! “That”s true!!” shouted the seventh man. “Why should he get $10 back when I got only two”?

“The wealthy get all the breaks”! “Wait a minute,” yelled the first four men in unison. “We didn”t get anything at all. The system exploits the poor”!

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn’t show up for drinks, so the nine sat down and had beers without him.

But when it came time to pay the bill, they discovered something.

They didn’t have enough money between all of them for even half of the bill!

And that, boys and girls, journalists, and college professors, is how our tax system works.

The people who pay the highest taxes get the most benefit from a tax reduction.

Tax them too much, attack them for being wealthy, and they just may not show up anymore.

In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

Technorati Tags: economics, fair share, tax system, windfall

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