Budget
 Plan
o Save what you can to build a strong foundation.
 Understand your income
o Sources of income
o Identify additional revenue
 Have passive income
 Invest in passive income
 Understand your expenses
o This includes your taxes
o Identify unnecessary expenses
 Understand your net income
 ***Check out NACA for buying properties
o Tax deductible
o 0 down payment
 ***Search hedge funds
Benefits
 1099 contract
o Get health insurance in the market
 Life insurance
 Legal
 Commuter
 401(K)
 IRA
 Health Savings Account (HSA)
o Tax deductible
Business Incorporation
 Set up LLC
 Why incorporate my company?
o Enhance credibility
o Protect your personal assets
o Easier access to capital
 Benefits of an S Corp
Taxes
 You can write-off most of your expenses
o Self-employed expenses you can write off:
 Business expenses
 Meals, travels, fees, dues
o Laptop
o Cellphones
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o Air pods
o Books
o Water
o Clothes
o Home office
o Health insurance premiums
You can write-off retirement contributions
Business owners can save more for retirement