It’s Not The What…But The How, That Makes The Difference

Real Estate Investing IS THE BEST GAME IN TOWN.

With all of the balls in the air, you might need a gentle reminder of one of the reasons we get out of bed in the morning. Well, I don’t want to create suspense…it’s paying yourself.

Last week I started my series on strategizing for business owners, I got a little carried away by all the talk of "independence." So, I took the opportunity to ask you a simple question:

Are you achieving the independence you want in your real estate business?

But there's another side to this question that you should consider, and it’s this:

Have you considered paying yourself more out of your business?

In some cases, it actually might make more sense to pay yourself less -- but bring home more at the same time. It all comes down to starting on the right foot with strategizing for business owners.

If you're not clear on how you could accomplish that, then reading this blog right now could be very important.

We spoke last week about cost basis, but these considerations are just one aspect of strategizing for business owners like you who are growing the tax-strategist fit ability of your business.

When I meet with a business owner, I often wear many hats -- CFO, Marketing Advisor, COO, etc. -- truly whatever fits the needs of our client most precisely. Because business owners can make rash decisions in times of perceived crisis (like during "tax season") -- and they often have unforeseen complications down the road...

Which is why it is critical that you take a look at how things are set up for you and your business for the rest of 2021. Here in the middle of summer (and BEFORE the accounting industries' fall rush) is the perfect time to take a clear-eyed look at things and strategies for the best outcome for your business in January.

With almost-certain-to-be-drastic changes on the horizon, there will be expiring opportunities for businesses to save on their bottom line as it relates to tax and other aspects of their picture.

Frankly, we'd like you to avoid all the unnecessary expenses and taxes which so many businesses end up paying, simply because they didn't strategize ahead of time. It could be as simple as saving on expenses -- all with the goal of paying yourself MORE, however you get there (which, as I mentioned, could be just what you need this year).

Or these upcoming changes could mean that you want you to pay yourself less to bring more home.

Check with your tax strategist . This is a good time...tax strategists are often taking a breather and have time to give you…their attention.

BE THE ROAR not the echo®

Warmly,

Janet Behm