The Joy of Running Your Home Business

The Rat Race is for rats. You can do better. Home brewed coffee, a seconds-long commute, and more family time are just some of the perks. Were you forwarded this email? [Sign-up to Rude Awakening here.]( [Unsubscribe]( [The Rude Awakening] The Joy of Running Your Home Business - Home brewed coffee, a seconds-long commute, and more family time are just some of the perks. - The tax advantages can be numerous and meaningful. - And the extraneous costs like eating out for lunch and drinking multiple Starbucks coffees disappear. Recommended Link [US Dollar Replaced By “Biden Bucks”?]( [Click here for more...]( A former advisor to the CIA and Pentagon now believes President Biden plans to retire the US dollar we know. And replace it with what he calls “Biden Bucks”. It is underway. On March 9, Biden signed Executive Order 14067, which could pave the way for Biden Bucks. Save your investment and retirement accounts. [Click Here To Learn How]( Sean Ring Editor, Rude Awakening Good morning on this fine Thursday! Tomorrow I’ll produce the Monthly Asset Class Report, loaded with charts visualizing just how bad things are. It seems every headline I read details some sort of catastrophe or disaster or maelstrom. I, myself, have been contributing to it. But today, I’d like to be positive, or better, act positively. As you know, the Rude’s Four Pillars of Financial Freedom are: - A second passport - An online business - A bit of crypto - Getting in great shape Most of the time, the above, or plans like it, seem to encourage running away from governments and their associated tyranny. What if I told you that you could stay in one place and accomplish the same objective of being free? In this edition of the Rude, I will detail how owning my home business has allowed me to stay in one country with minimal interference from overarching bureaucrats. The Home Office One of my good friends from childhood had a father with a perpetual scowl on his face. He was the most miserable man I’ve ever known. To be sure, he was always kind to me. But he never smiled for any reason. I realized that my friend’s dad didn’t drive to work. He’d walk a couple of blocks to the bus stop and then commute into New York City for his big corporate day job. During the 80s, if you took the bus to work in New Jersey, you were poor. He wasn’t. He owned a car. Nevertheless, he commuted by bus, day in and day out, for decades. I never understood why my friend’s dad was so miserable. …Until I started commuting from New Jersey into New York City for my job at Lehman Brothers. I’d get a ride from my mother to the train station. Then I’d switch to the PATH train. Then I’d navigate my way from under 1 World Trade Center to 3 World Financial Center. Then I’d reverse the process at night. Make no mistake: commuting day in and day out sucked. After about three months of that commute, I resolved to find a better way. When I moved to London and worked in banking, I cut my commute to 25 minutes on one train. Then, I started to work - at least sometimes - from home as a financial trainer. This was in 2007, long before the term “digital nomad” was invented. Besides my enormous mistake of returning to a big bank in Hong Kong for three years, I’ve been working from home, at least partially, for 15 years. Reducing or eliminating commuting is the only reason you need to find a way to open a home business. And erasing the additional commuting costs is enormously beneficial. I’m not just talking about the cost of train tickets and the time it takes to get from A to B. No stupid Starbucks coffee bills every month. Pam makes a pot of fresh Lavazza coffee every morning. Much better than SBUX’s burnt offering and way cheaper as well! No ad hoc drinks after work that cost a ton in a city center. No overpaying for lunch at Chipotle every day. Oh, you miss walking the city streets and browsing through Barnes and Noble? Think about how much time you’ll have to enjoy it once you work from home. Recommended Link [This “Metaverse Mistake” Could Cost You A Fortune]( [Click here for more...]( Wired Magazine says it’s “arguably as big a shift as the telephone or the internet.” Which is why the biggest companies in the world are jumping in with both feet. Facebook. Apple. Microsoft. But I’m afraid most folks are making one simple mistake. And if you’re not careful, it could stop you from profiting off the biggest opportunity in the last generation. Sidestep this critical error (and what to do instead). [Click Here To Learn More]( More Time to Do What You Want I’ve known friends in banking that barely have a passing acquaintance with their children. But other than the first year and a bit of Micah’s life in Hong Kong, I haven’t missed anything. It’s great not noticing how fast he’s growing up. As I see him every day, he looks the same to me. Pam and I know each other. Like, really know each other. Sure, I’ll enjoy my upcoming business trip to New York. I’ll be away for a month. It’ll be the first time in years I’ve been away for that long. (Pam can’t come along because she can’t leave Italy while waiting for her residence card. It’s unavoidable. I usually take both Micah and her on my business trips.) But all in all, I love being with them both every day. And it’s not just family. You can see friends whenever they can get away from their work. Haven’t been reading enough? Want to learn that skill you’ve been stalling on? Just want to drink a cappuccino at a lovely cafe every day? You can do all that while building your home business. Paying Taxes Differently I don’t mean to insult most Americans. But if you’re doing PAYE, you’re doing it wrong. PAYE stands for “pay as you earn.” As in paying taxes as you earn your money. Unless you’re an investment banker, corporate lawyer, or neurosurgeon - jobs with incomes so far outrunning expenses that taxes don’t matter - you want to own your own business. PAYE allows the government to take your money too early and earn interest on it. PAYE disallows you the privilege of getting paid your gross amount, saving for upcoming expenses like taxes, and then paying them when they’re due. PAYE infantilizes the population by letting the nanny state privileged access to their funds. And then the populace celebrates - celebrates! - getting a “refund” from the government. I’m positively embarrassed for those celebrants. When you own your business, you pay taxes differently. You work with your accountant - and yes, hire someone to do this for you - to set aside the right amount of money to pay the government when it’s due… and not one microsecond before. In the meantime, your accountant works with you to maximize your income by taking advantage of any legal means possible to reduce your taxes. You’d be shocked at how the tax you wind up paying as an entrepreneur is nowhere near what you’d pay on the equivalent income as an employee. Even [Warren Buffett doesn’t seem to understand that](. The truth is, how you make your money (income versus business revenue) matters more than how much money you make. Wrap Up With all the negativity flying around, I wanted to remind you that now is the best time to open your own business. You’ve undoubtedly got something unique to offer, even if you’re not aware of it yourself. It’s incumbent on you to find out what that particular skill is and get it into the world. You’ll be richly rewarded for doing so. Everyone gets paid in two ways: time and money. Owning a home business allows you to maximize both. Until tomorrow. All the best, Sean Ring Editor, Rude Awakening [Whitelist Us]( | [Archive]( | [Privacy Policy]( | [Unsubscribe]( Rude Awakening is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Paradigm Press delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from Rude Awakening, feel free to [unsubscribe](. Please read our [Privacy Statement.]( If you are you having trouble receiving your Rude Awakening subscription, you can ensure its arrival in your mailbox by [whitelisting us.]( © 2022 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. 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