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Business Plans Revealed - How to Write Your Plan and Why
A business plan is your vision of where you want your business to go and how you’re going to get there. It’s a road map and, like a map, it helps to document the route on paper, rather than simply commit it to memory. A coherent, written plan is as...
Domain Names Not Strong Auction Items
Selling a domain name at an online auction can be lucrative - but many sellers completely misjudge the market and truly live in Fantasy Land. For instance, take a look at this auction of 14 domain names (StemCellLines.net, StemCellLines.org,...
How to Prosper Because of Your Competition
If you’ve been considering your competitors as roadblocks, or hindrances, you 've been overlooking an important springboard to success. Business owners frequently consider their competition as the enemy. Many focus on "beating the other guy" because...
Important Words of Wisdom for Internet Success
I live in a rural part of Connecticut and drive a Volvo wagon (I'm not sure, but I think it's a state law now that everyone has to drive a Volvo). Despite its boxy, almost hearse-like styling, I love it. Plus, the fact that it's a turbo makes this...
Multi-level marketting.Pros and cons.
Brought to you by: GEORGE BUTLER - Editor Dotcomology The Science of Making Money Online Download it FREE Right Now Display URL: www.PlugInProfitSite.com Destination URL: http://www.pluginprofitsite.com/main-10946/dotcomology.html ...
 
How A Home Business May Protect You From The Housing Bubble

Not everyone agrees there is a housing bubble which will have an impact on the entire economy, but how about one that has an impact on you? If your home was devalued, even temporarily, do you have the cash flow to sustain your credit or allow you to sell your home without getting into debt? In the US today, many people live in homes which have positioned them in a loosing financial situation. How can a home business improve your financial position and protect you from the potential effects of a housing bubble?

First, many people have W-2 income as their only source of income. While a job is certainly a great way to trade your time for a consistent flow of money, it also provides you with the fewest tax advantages which means you end up paying more to Uncle Sam than those who also run a home business on the side. For example, many CPAs and tax planning specialists can show you how to deduct part of your home expenses, your cell phone bill and even costs to maintain and operate your vehicle, legally, if you are able to document that you actively work on your home business each day.


This can turn expenses you are already paying for, into tax deductions. That's money in your pocket! Money saved can be reinvested into growing your business or applied to paying off your mortgage more quickly.

Protect yourself and protect your hard earned home equity by improving your cash flow and avoid running close to the edge of the value of your home compared to the debt owed in your mortgage and any home equity loans. Be sure you consult with a tax professional and a CPA to properly plan the tax benefits you can receive from having a home business. Apply those savings to building your savings and also to paying down your mortgage as quickly as possible. The more equity to have in your home, the more insulated you are from possible effects of the housing bubble and also from the effects of personal and professional emergencies.

About the author:

Dave Saunders is a professional lecturer, and enjoys creating life-interconnections through his writings and lectures. You can find out more about home business opportunities at http://www.endless-abundance.net

 

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