Do yourself and your business a favor and stop renting out your
personal space as soon as you possibly are financially able to.
Always pay yourself and even your kids for jobs that you perform. This is an expense for your business, which lowers the income, which lowers your business' tax burden. As long as your kids make under a certain amount, $12,200 in most cases, they do not have to pay taxes on it.
Get your mindset away from your old thinking. Employees and Self-Employed people think incorrectly about money - which usually is one of the main reasons they're stuck on the E and S side of the Quadrant!
THINK AND ACT like a business owner. Pay yourself! Hire the right professionals to get the job done! Don't step over dollars to save cents!
Stop Thinking Like an Employee
Start Thinking Like a Business Owner!
Here is the book Michelle referenced in today's podcast. Note, this is an Affiliate Link.
[00:00] Hi It's Michelle the Master of Money Mindset and we're here with the short term rental revenue podcast. And in today's episode we're going to talk about being the self-employed Superman or hiring a property management company. Stay tuned.
[00:14] Over the last two centuries nearly 90 percent of the world's millionaires have created their wealth through real estate. Here to tell you how you can ride this wave With less risk and Less capital while creating greater income, is your host, Best selling author and speaker, Michelle Russell.
[00:35] Hi it's Michelle and welcome to...
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