FUNNY Money? Tax Time Tips to help you invest in YOU this year!
I saw this idea floating around and I thought hey, A lot of people have problems marketing year round and often this is why wholesalers quit too early. Use these strategies during TAX TIME and have more cushion through the year for marketing !! 1) 🏠 Pay your landlord an additional $2400. This will make your rent $200 cheaper for the next 12 months. DO NOT Pay your rent up and pay nothing unless your lease is expiring. Our most expensive month is usually December. Imagine having that extra $200 to spare. Make sure you keep your rental receipts. Take a picture of them and email them to yourself or request a rent ledger. 2) 💳 Buy gift cards and hide them. 10 Gas cards, 5 Grocery Store, 10 Walmart, 5 Visa, Dollar Tree, WE ENERGIES, etc. You save these for a rainy day. And a couple of $20 gift cards you can use for birthdays. When life gets tough you can fall back on these & keep your marketing spend going. 3) Start an LLC & Take $500 open up a BUSINESS bank account. (pref. navy federal or other high interest account) DO NOT GET A DEBIT CARD for this account. Then start putting 3% of your W2 or J-O-B check into that account and don't touch it. When life happens you can't market you'll be glad you did this. 4) If you're buying a car 🚗 DO NOT go to a side lot. Go to Russ Darrow, Honda, CarMax or any dealership that sells certified used vehicles with a warranty and free oil changes and get insurance! 5) Get a life insurance policy you can draw cash from after a period of time and pay it for the year (this is a MUST & will help you invest in long-term real estate holdings in a couple years) You're paying for the year so it doesn't interrupt your regular bills. You should have A. Enough left over for marketing for 2-3 months B. be able to use the "cushion" or money you put away, to keep up your marketing budget for six months. C. Be able to close a deal in this time frame so you can reinvest and NEVER give up on this business. The true KEY is spending every free hour you have talking to sellers and closing deals until this dream becomes a reality!