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Damon Jennings
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Damon Jennings   My Press Releases

What Is Income Shifting From MyEcon?

Published on 2/12/2018
For additional information  Click Here

What Is MyEcon?

MyEcon is a 13 year old, debt free, technology driven company based in Atlanta Georgia, and has empowered it's associates to generate over $400,000,000 in cash flow. Their mission is to empower people to attain personal financial success, which is simply having enough cash flow to support our lifestyle both during our working years and our retirement years. See during our working years the money for our lifestyle is generated as we work jobs or build businesses. However, during our retirement years, the money must be generated by assets like stocks, bonds, real estate and retirement accounts which produce passive income for us.

To attain personal financial success most people need more cash flow to support their current lifestyles and more cash flow to invest to build passive income for retirement or financial freedom. We use a strategy called income shifting to empower our associated to generate cash flow 5 ways.

5 New Cash Flow Streams

=> Correcting Tax Withholding

=> Minimizing Taxes On Business Income

=> Generating Business Income

=> Debt Elimination 

=> Creating Passive Income

1. Correct Tax Withholdings 

The IRS says 80% of all employees have too much money withheld from their paychecks for taxes. When you have too much money withheld for taxes you lose money because of ROI or return on investment. Your money has value and you can use your money to make money by investing or paying off debt early which can save you significant dollars in interest payments. However, when the IRS is investing your money in their name instead of your name, you lose money or ROI. Even the IRS suggests it would be better if we correct our w4 to maximize our take home pay which can be used for investing or debt elimination. At MyEcon  we consistently see people increase their take home by $200 -$800 monthly. Now that's just one method.

2. Minimizing Taxes On Business Income 

When a person actively builds a business they can qualify for business deductions which can lower their taxes big time. Employees are already spending money on many things that can be tax deductible if they only actively started building a business as well. Let's look at a few potential deductible expenses. A home based business owner who uses his personal vehicle to build a business can take tax deductions for some of the expenses by deducting business mileage at about $0.55 per mile or by deducting a percentage of the expenses like gas, tires, insurance, lease payments, interest on vehicle loans and the original cost of the vehicle. Business owners may also deduct expenses for cell phones, internet access and other communication expenses. Travel and lodging incurred while also doing business can be tax deductible as well. Mixing business with pleasure via meals and entertainment can grow a business and also be tax deductible. Home based business owners can also hire their children to help with business and pay them tax deductible wages instead of giving them allowances or buying things for them. I just talked about a few common deductions for home based business owners but there are 100's of other potential deductions which you will discover. 

3. Business Income

The foundation of our business is empowering people to attain personal financial success and increasing their cash flow. We do this by helping them grow business income and minimize their taxes, debt and expenses. Our #1 product at MyEcon is our Financial Success Membership. The membership includes our income shifting strategy, our Cash Flow Manager Software which enables you to track your receipts and your mileage for tax deductions it's also available to members as a free app for smart phones, tablets and computers. Identity Theft Protection which monitors the use of your personal info and will pay up to $1,000,000 to help you restore your good name if a breach occurs. Free and discounted legal services, a credit education system which empowers you to improve your credit plus discount travel and corporate perks. We also market additional discount products and services to the public via our powerful retail strategy. We display our products and services on each associates website and our associates simply refer customers to their website or they order products online and save money Products are shipped directly to the customer and you get paid. You have no responsibility for inventory or shipping and the system is great because you can simply build a successful business without the headaches and expenses of a traditional business. Some of our key products are Identify Theft Protection, Credit Education, Cash Flow Manager software, Discount Travel, great nutritional products and healthy beverages plus a cash back mall with over 1,000 stores and a million products. Many of the stores are household names like Wal-Mart, Macy's and Best Buy along with many more products that I don't have time to discuss. 

To add to that we also have a world class compensation plan. 

4. Debt Elimination 1

Let's look at an example of someone who has acquired an additional $1,000 monthly by adjusting their W4, minimize their taxes and added some business income. In this example the add the $1,000 monthly to a $545 payment on a car loan which is supossed to be paid off in 32 months. The new payment of $1,545 monthly eliminates that loan in just 12 months instead of 32. When the car loan is eliminated he has $1,545 a  month to pay on the next debt. He adds this to his credit card payment of $200 monthly on a $8,000 credit card balance which is to be paid off in 78 months. The new payment of $1,745 eliminates the credit card balance in just 5 months instead of the original 78 months. Eliminating the credit card debt free up an additional $200 a month which makes his available cash flow for debt elimination $1,745 a month. When the business owner adds this extra  $1,745 a month to his $1,200 monthly mortgage payment he eliminates his $200,000 mortgage in 68 months or 5 1/2 years  instead of the original 30 years. The bottom line is they eliminated $225,000 worth of debt in 7 years, saved over $352,000 in interest and freed up $2, 945 a month. These example show that income shifting is America's #1 personal financial success strategy.

5. Passive Income

In this example the business owner uses the available cash flow that was created using the prior methods to begin investing to create passive income. If the part time business owner invests the $2,945 monthly and earn an 8% annual rate of return he would have over $538,000 in 10 years and in 15 years he would have over a million dollars. Imagine investing an extra $500 monthly and watching your asserts grow.

The bottom line is income shifting makes sense and is far more powerful than sales alone. But to start, you are gonna need the system, the software, the support and of course a home based business. Luckily, MyEcon offers you all of this in an easy and inconvenient membership at a bargain price. When you sign up you will get a personalized website, our world class business system, and our financial success membership. Remember our membership includes our income shifting strategy, world class financial software, identity theft protection, free and discounted legal services, credit education services plus our discount travel and corporate perks. You also receive valuable tax benefits that save most people more money than it cost them to get started in MyEcon. With all of that you probably expect to pay $500+ to get started but you won't even pay $100. You won't even pay $50. 

To Get Started It Only Cost $34.95 and to keep your business active and qualify for the tax benefits throughout the year it's just $34.95 A month to keep it. 

 

 

TO START SAVING AND MAKING MONEY IMMEDIATELY VISIT

www.FinancialEmpowermentCenter.us

 

To Your Success

Damon Jennings

Member Note: To comment on this PR, simply click reply on the owners main post below.
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