Is Uncle Sam Your Santa?
In one week all U.S. employers must have provided employees, and retirees, with their W2’s and 1099R’s to show proof of their yearly income, which leaves me wondering…Is Uncle Sam your Santa?
Though this time of year sends us all scrambling for receipts, and forms, to provide the federal government with information on how much we’ve actually paid in taxes, we have until April 15th to file. This is often a time of year that leaves some tense, and many others waiting for their Uncle Sam Christmas presents… (oxymoron) those big fat overpayment checks.
Many U.S. citizens like receiving that big check, and feeling like a kid on Christmas morning. Little do they know (or know, and don’t care) that this is not the best way for financial success. Uncle Sam takes the money that you overpay, and invests it, making interest on your money for the Government. You could be taking the same money and making interest for you.
The really smart ones, however, are actually those who do not use the U.S. Government as a forced savings plan. Yes…they are the smart ones because they are taking the appropriate amount of tax deductions, and paying down debt, and making investments. Again, the same thing Uncle Sam is doing with our money when we overpay. The Government does not pay interest on the money the hold for us in most cases (unless they hold your money past a resonable amount of time, then you can request an interest payment on it. This does not guarantee one).
It’s time for many of us to start getting real with tax deductions, and looking for better ways to free up cashflow for investments, and debt elimination. Do you realize that if you’re a business owner that you get far more deductions than if you’re an employee? That’s why network marketing is such a great idea, or a work from home business.
Watch this short clip from millionaire, Ivey Stokes.
It’s all about taking control of your own financial success and stop using Uncle Sam as your Santa.
I am not a financial expert, but I can see how the rich and smart live. Take a look at what Ivey Stokes’ system has to offer. There are better ways than a Government forced savings plan.
If Uncle Sam’s Your Santa, and you want to change that Click Here!