When it comes to The Cashflow Quadrant, Saving yourself on taxes is key!
First I'd Like to say A special thank you to everyone watching these videos with the intent to grow and become more financially capable!
In this video I cover the 4 Legal ways to make money also known as The Cashflow Quadrant!
Quadrent#1 The Employee:
✔ a safe form of making money
✔ comes with benefits
✔ guaranteed income making future planning easy
✖ Average Tax Payed is 40%
✖ Trades Valuable Time for Dollars
Quadrent#2 The Small Business Owner
✔ Controls Their Time and Money
✔ Can have benefits
✖ Trades Time For Dollars
✖ Average Tax Payed is 60%
✖ Income levels may fluctuate
Quadrent#3 The Big Business Owner
✔ Leverages other peoples time and money
✔ Has a system allowing complete freedom
✖ Pays 20% in Taxes
✖ Income may fluctuate
Quadrent#4 The Investor
✔ Leverages other peoples time and money
✔ Money works so you don't have too
✔ Pays 0% in Taxes
✖ Income may fluctuate
✖ Building credibility may take time
When Moving from the left side to the right side and building your wealth, one of the BIGGEST things you could do to increase your chances of success, is simply to get a mentor! If you have any questions or ideas on a new investment or business venture and want to ask someone for advice Id gladly offer my services in exchange for a like, subscribe, and a share!
@InvestwithWesley (FB)
@WesleyCaruso (IG)