START A HOMEBASED BUSINESS: ONE STREAM OF INCOME IS HAZARDOUS TO YOUR WEALTH | STAIR STEPS TO WEALTH
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- THE STAIR STEPS TO WEALTH: WHY START A HOMEBASED BUSINESS? ONE STREAM OF INCOME IS HAZARDOUS TO YOUR WEALTH!
The Millionaire's Roundtable with Lynn Richardson
Follow the stair steps to WEALTH. One step at a time to SEVEN FIGURES:
Live Below Your Means: • LIVE BELOW YOUR MEANS ...
Eliminate Debt: • ELIMINATE DEBT | THE S...
Welcome to The Millionaire's Roundtable with Lynn Richardson! This is the third episode, now streaming on VONTv and available on Roku! Start streaming now and lookout for new episodes here: von.tv/
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Are you ready for financial freedom? Get the FREEDOM PACKAGE: 21 Days to Financial Freedom and How to Start a Homebased Business Webinar. Limited Availability!
bit.ly/freedom...
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#financialfreedom
#inspirationalmessage #entrepreneurshipandsmallbusinessmanagement #personalfinance #stepstofinancialfreedom
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God led me to your channel, because lord know this pandemic has done a number on me. And I've worked 32 year building someone else dream. That's OVA
You got this!
This is why I left my job last December. It has been great building my home based business.
@@EvangelistRBColbert what business?❤💪
Amen sista!
@@LynnRichardson what is the difference between starting a LLC and soul prep In regards to the benefits
Financial literacy is just as important in life as the other basics. If you think financial education is expensive, just try ignorance 🖖
One family at a time I love it and I am climbing five children 13 grandchildren God got us. My faith is all I need
Lots of pearls of wisdom. A home-based business that can give you an income is becoming more and more important for many individuals to secure a better future.
Climbing the stairs to wealth is much like getting fit - you won’t see the results overnight, but you will definitely be glad you did it in the end! Thanks Lynn!
I’m going to be joining another one of your classes. I attended the class on how to hire your child. Now, my kids pay for their own dance classes. And the information you sent us via email AFTER the class was extremely useful! Lastly, my kids are reading the book you sent us in addition to the class. My son was able to learn terminology such as asset and liability. Thanks Lynn!
There are several home based business - have you tried virtual preparing taxes. I own a tax company if interested please email vip.taxservice@yahoo.com
Hey, what class do I need to order to learn everything I need to know to hire my kids?
Auntie DONT play! I literally almost gave up and gave in to debt, stress, and discomfort! But thank you for your raw realness!!!!!!
Your like my Aunti!!! I have increased my credit through your youtube advice alone. Thank you for sharing your knowledge it motivates me. I really would like to start a home based business but have many questions and need your help.
Wonderful! I think the how to start your own homebased business would be great for you to start! The Freedom Package is also available for a limited time here: bit.ly/freedompackagelr
Ok thank you! I am going to purchase that book now and head on over to the site.👍🏾
That intro is on point...and the content thank you!
Q+qq++++
This pandemic should have everyone on edge financially! It is the alarm that needed to be sounded! Get a home based business!
So many gems💎 . I tried to tell my aunt about this but when she spoke with tax service who was not comfortably doing it she was discouraged. Someone of these ‘tax preparers’ need to be retrained. 🤷🏾♀️🤦🏾♀️😭
Great info for a home based business. Thank you Lynn Richardson for sharing. You are very loving and giving lady.
Thank you so much!
You are such a blessing!!! I’m 34 and I’m taking everything you say step by step!
This was some good information. Me and my husband live within our means and we have no credit card debt. I had a clothing store in 2008 but due to the break-ins and the Recession I had to close down after 2years. After that i did flipping on offer up. I want to start another business just trying to figure out what kind.
This is Solid info. I need to learn how to get my money back...#stopleavingmoney on the table
She’s brilliant 💕
This woman is a blessing
Lol I love when you was talking about them 17 children 🤣
you are beautiful and classy looking , I love how you speak with so much confidence and maintaining eye contact to the camera , it looks simple but its not , I also can tell that you LOVE what you are doing because I can feel that energy
Shalom..mmmm..Knowledge is power only when put into action!!
Hello, Mrs. Richardson this may be an obvious question. I'm currently signed up with a home base business how would I benefit from using this strategy of hiring my children? Thank you for all that you do. Be Blessed 🔥🔥❤
😂😂"if I had 17 kids some wouldn't eat everyday" they be on rotation..😂
I will definitely be doing my homework this weekend looking at something to do because I had to wait almost a month or more to get my first unemployment check when my boss sent us home in March when Covid-19 hit. Then I just started trying to do perfume videos but it’s getting expensive just like the Sephora rep told me it could. I am not creative do I don’t see myself doing art stuff or hair. Thanks for the information.
This video needs more exposure!!!!
I have been saying that money is a force that must be respected for over 40 years.
My problem is not that I don’t know I need another stream of income and to start a home based business. My problem is what home based business or any business can I start that can create a second income.
There are several home based business - have you tried virtual preparing taxes. I own a tax company if interested please email vip.taxservice@yahoo.com
@@taxnow4814 No. I have not. I definitely think a person should do something they are good at. I do my basic taxes through turbo tax....
@@thefoxxiefoxx8056 exactly that’s why everything is basically computerized and made easy. My company will train you on current tax laws and deductions.With taxes is lucrative but it’s important to get proper training
There are more businesses to pick from than you can shake a stick at. Make sure you do your research and pick what is the best fit for you.
LYNN, How do I find a tax professional that knows the business tax code?
I can't breath need your help. Doing work can't find my way
head over to asklynn.org/
I want to work for myself, but don't know what to do. I've brainstorm ideas, but still don't come up with anything. Where do I start if I want to start a home based business?
How can I get the information on every tax break for a home based business?
Shalom...Wowww learn the rules of the game and then play the game by the rules...Woooow...This is beautiful....
Just found your channel and I'm excited
I want to start a home based business but don’t know which one to start!!
Excellent job. I will be using this video prior to my presentations
Mon/wed group 😀
I’ll utilize all your information minus the tithing part, I’d rather donate to a charity or a family in need instead of a preacher. Thanks for the info.
Hi Ms. Lynn, I want to definitely invest in myself this year and take one of your courses. Can you direct me in which one to take? Currently I work a full-time job, I’m an independent contractor (1099) and I want to start a virtual assistant business. (Want to start no later than March) I’ve been following you for some months now and trust that you can help me. Thanks for all you do! You’re such a blessing!
You are amazing. I'm following so many of your messages. Now I think I have listened to some several times, but each time I learn something NEW.
Hiring my kids in my home based business. Thank you!
Thank you and welcome!
Great info so how do I hire my kids is there paper work I need to get how do I go about it ?
Starting a blog related to my medical profession. The goal is to turn it into a home based business. Do I have to wait until I have enough traffic to monetize before calling it a HBB?
I had started doing the same thing and was wondering. I was hoping it would turn into a consulting type of business.
No you don’t, I’ve had a home based business for over 20 yrs.
Once you decide your a biz and start your a biz. I would recommend getting your(FREE) EIN to separate it from your SS# to register with state and open a business checking and savings account. Set a schedule and work your biz, market and become profitable. Congratulations 🎉🎊
What qualify as a home base business
So with this tax deduction ,,$12k is limited until age 18? And can you also claim them as dependents since they are still being cared for or do you just hire them and pay them ? I’m really intrigued with this idea of a home based business . I’d love to know what type of business is considered .
She says that she still claims her children as dependents
This information is extremely my helpful. Thanks for encouraging us to strive to become financially independent step by step.
So many great streams to wealth, the strategy is everything
Watching from Belgium ❤️ massive thanks for the courage and powerful words this really motivates me!
Hi Lynn you are a blessing to me. Please how old should a child be before you can hire them.
Hello Ms.Lynn I have a question I do cook for few friends once a month I know it can be my home based business but can it be registered for it to be tax deductible thanks
How do you find out what a child should be paid for a certain job?
Thank you 54 trying to make wealth for me and my family.
Just came across your ch. a hour ago already watched many videos and learning so much God bless you .
Hi Lynn! Just found your channel and I love it. Great and easy to understand. I wanted to ask you regarding the deduction to hiring your child. Could this also apply to my nephew who lives outside my household?
😂😂 MW. TTh Fasting Friday SCHEDULE 😂😂😂
Thank u for these tips Dr. Lynn, I appreciate you!!!!
What's are the steps to start a home based business?
Great information thanks for this video and my God continue to bless your life
So you mean to say my rental property that i take the guys to work that live here i can right it off?
Hello Lynn thank you for what you're doing it's very enlightening but my issue is I'm on disability but I have a product that I'm having trademark so again while receiving disability can I hire my child to work in my home based business do I have to answer to any tax code are not because I'm on disability
Awesome! I just signed up for your course.
Thank you for your business and tax information. I hope you make a video like this for Canadians too.
Great information!!
Thank you
Thank you so very much....
What's the best home based business to start?
I would say that depends on who you ask lol. There are sooooo many home-based businesses you can pick from so I would say it comes down to what is the best fit for you and your circumstances.
Glad to have found your channel 😍
I love it
In order to write off your expenses do your home based business need to make a certain amount of money?
My tax advisor said you need to make a profit. So sounds to me even $1 would work.
Thank you
Hello , I am very interested in starting my own home base business but I don’t have much funds at the present time. What will you recommend be my starting point? I have been consulting my son on his handy man business because so many has been working him so hard before the pandemic with very little pay? I am on ssdi and want to start my own business from home.
I need help with an idea for a home based business in California.
Same here. Looking for a home base business I can do from anywhere in the world
@@chinadoll7171 Hello pls contact me via fb @ Claris Nfor. I am currently in a home based business that has changed my financial situation in just 6months as a single mum .
@China Doll Hello pls contact me via fb @ Claris Nfor. I am currently in a home based business that has changed my financial situation in just 6months as a single mum
@@connectingthedots4773 hi how can i start a home base business?
Thank you for great commentary!
Fast, pray or steal. I'm done.🤣
Thank so much for the information
Show me how to get started
Hi Lyn thanks you very much
Thank you.
Yaaaaaasssss 🙌🏿
How much should we pay our children? If they are 6 how do they pay their own classes and braces etc... do we get them a bank account? Pay cash? Thanks for the deets!
When you say that I can hire my child, are you literally talking about under 18 years of age? I have a daughter who is 25. Would I be able to hire her and receive that same tax break being she is an adult?? Also would you hire them as an employee and pay employment taxes or as an independent contractor?
I want to know do you have to have workers Compensation if they work for you
Should it be a LLC or Sole Proprietor? Do we have to do these steps to be a home base business?
She has a class that will answer your questions.
Check out the How to Start a Homebased Business webinar here: lynnrichardson.com/products/how-to-start-a-homebased-business-webinar
Hope all is well with you and your family. Can I hire my grandson and get that benefit ?
What age can this start? Does the child have to file anything since they are making a salary?
She did not say fast, pray, or steal. 😂
Yes....she did. 😅🤣
Hey Lynn my question is if i have a single member llc but im not making money with it yet, can i still hire my 2 year daughter and and file it on the 1040 section c?
Hello Dr Lynn, I don't have any children what can I do as far as a tax deduction
Are there tax implications for the income that you’ve paid your child ?
I have no idea what home business to start 🙃 plz help
Do I have to get a LLC to start my home based business?
I need a good tax accountant for my taxes. Where can I find one in the Philadelphia area?
Look up yelp
Do I have to show proof of paying my child any money or anything?
I am so inspired and need to take the step. But I live on a military base and I want to know more about the proper payroll system for hiring my children.
After researching the base was ok with opening a home base business but unfortunately soon as I started the LLC process we have to PCs to idk .
So is it better to be a LLC or a Sole Proprietorship when it comes to hiring your children?
Question. To hire children do they have to be living with you?
Is there anyway be able to apply this to these rules/tax deductions to being a real estate agent? Also hiring my daughter to do the paperwork? Mind you, I'm not a broker yet. I want to teach her about real estate....she expressed interest about me teaching her REI after we watched The Banker.
Dr. Lynn I have a question and I have my own Business. I have a car service, but I have not driven in over a year, and I want to get cheaper car Insurance from full coverage and downsize to limited liability insurance Tort coverage and I was told by insurance company that I could not lower my Insurance coverage because my car isn't paid off and I want to j
Know the truth, before I start my home base Business. Are the Insurance agents correct.
Lynn,
I am a independent contractor. Does this qualify as a home based business that does not need a Ein?
You should join one of her classes. I went to one and it helped answer all of my questions.
if you get a 1099 you are self employed! now you need to learn to live your life like a business - www.asklynn.org
would homeschooling my children be considered a home based business?
This is the evidence of the Federal tax law that the masses don't know....
For Federal tax purposes, the Federal Regulations govern. "Lyeth v. Hoey, 1938, 305 U.S. 188, 59 S.Ct. 155, 83 L.Ed. 119
Federal Crop Ins. Corp. v. Merrill, 332 U.S. 380 (1947)
“anyone entering into an arrangement with the Government takes the risk of having accurately ascertained that he who purports to act for the Government stays within the bounds of his authority ... [a]nd this is so even though ... the agent himself may have been unaware of the limitations upon his authority”
I manage my sister rental house that lives overseas. Can I consider that as HBB?
Yeah that’s called property management!
Can i list my dog as an employee? lol
@Julie Mango - Only if you can train them to do the paperwork! ;-)
If someone has a homebased business as a independent consultant does this still work?