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Welcome to
Wealth Strategies 202!
The Essential Resource Center for Families
and
Small Business Entrepreneurs
The dream of financial freedom is alive and well for us all--if only we take the time to learn how to attain it!
Financial freedom means different things to different people, but for tens of thousands of is each year, starting a home-based business is a tool of choice. This site is dedicated to helping both new and established entrepreneurs achieve your financial goals. Our particular focus is on this question:
How do you structure and operate your business so as to maximize your bottom line, take full advantage of tax advantages of operating a business, and protect your business and personal assets from predators?
Our Purpose
The internet has made the option of starting you own business more accessible than ever. Online affiliate marketing programs, the magic of auto-responders, and the possibility of selling information in digital form have created opportunities for building businesses without the high start up costs of the traditional bricks and mortar business or franchise.
But how do you operate your business?
Whether you do business on the internet or in a traditional mom-and-pop shop, having a business is a serious matter. Critical choices must be made about how you structure your business: Make the wrong decision, and your business will cost you more money than you make and put your personal assets--even your family home--at risk.
Unfortunately, the vast majority of home business entrepreneurs are unaware of the importance of how you structure your business and the alternatives that are available to them--without having to incur massive legal costs. How else can we account for the fact that the vast majority of home business entrepreneurs operate their businesses as sole proprietors or husband and wife partnerships--even though this is the most risky, even downright dangerous way to do business?
This site offers resources to demystify the world of business structures--Corporations, Limited Partnerships, and Limited Liability Companies--to help you make informed decisions about which way of doing business is likely to be most advantageous in your specific situation.
Our Approach
Attaining financial freedom is a four-step process:
1. Spiritual Preparation: True wealth building must begin with spiritual wealth. It is only after attaining a spiritual focus--which includes focusing the mind, heart, and soul--that we can imagine and achieve the goals of true wealth. Wealth building is like constructing a home: If you do not have a solid foundation, the house will not stand, regardless of how beautiful the paint job, furnishings, and accessories might be. Spiritual preparation is the foundation for building your material. First, we determine our key or governing values; then we can set goals that are consonant with those values; and we resolve not to go down any path that will cause us to diverge from these fundamental values.
2.Wealth Creation: We must learn the techniques of creating material wealth. The key here is creating value through entrepreneurship guided by a desire to help others.
3.Wealth Accumulation: Third, we must learn to accumulate wealth.... We may earn a million dollars over our lifetime. But the key to long-term financial secrity is to accumulate that wealth instead of spending all that we make.
4.Protection: Finally, we must learn to shield our wealth properly by using legal entities, such as corporations, LLCs, and partnerships, so that we can pass it on to others--which is, after all the ultimate goal of all wealth creation.
For implementation of what tax attorney and entrepreneur John V. "J.J." Childers calls the CAP formula--Wealth Creation, Accumulation, Protection, we endorse and rely on J.J.'s Secret Millionaire™ Asset Protection System. The information you find on this site draws on Childers's work, as well as recommendations by other leading tax attorneys and accountants who are also entrepreneurs. (Click here for more information about the Secret Millionaire™ Asset Protection System.)
Surprisingly, many of the "advisers" that you may find in your own home town are either unfamiliar with the information that Childers and other leaders in the field present--or are unaware of how they can be used by the average home business entrepreneur. Relying on such advisers can cost you money and place your personal assets at risk! Armed with this information provided on this site and in JJ's package, you will be able to judge who is--and who is not--equipped to give you the financial and legal guidance you need for your business.
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