Company and Mission
•
10 years Old, Fast Growing, Debt Free,
Technology Driven Company based in
Atlanta, GA
•
Mission: Personal Financial Success
•
Personal Financial Success is simply having
enough cash flow to support your lifestyle
during your working years as well as your
retirement years
Personal Financial Success
• Income from your working years comes from
your job or your business; Income from your
retirement years comes from your assets and
investments
• If you desire $50,000 annually during
retirement…you will need at least $500,000 in
your retirement fund
• That’s at least 10 times the amount of desired
income Income producing asset ROI 8-10%
Four Major Obstacles
• Limited income and inflation
• Taxes
• High Debt
• Lack of financial strategies
Obstacle: Limited Income and Inflation
• Silent income killers
• Battle of the buck
• $15,000 in 1974 has the
same buying power as
$70,000 does today
Obstacle: High Taxes
Federal Income Tax 28%
Social security Tax 7%
State Income Tax 7%
Property Tax 3%
Sales Tax 7%
Americans spend much of their adult lives paying taxes in various forms.
We should end this practice of paying a tax that is triggered on by debt.
(Jennifer Dunn)
Obstacle: Debt & Lack of Financial Strategies
Many People Lose Thousands
of Dollars Annually Paying
Interest on Debt
Lack of financial strategies
Are you in the Rat Race?
Our Solution
Personal Financial Success System
3 Smart Cash Flow Strategies
• Minimize Taxes (Instant Pay Raise)
• Generate Business Income
• Asset Accumulation
Minimize Taxes Strategy
•
80% of all employees have too much
money withheld from their paycheck
•
Americans lose about 1/3 of their
income to taxes. Solution:
Exemptions vs Withholding Allowances
• Exemptions are claimed on your Form 1040
Tax Return. You are allowed one exemption
for yourself, one for your spouse, and one for
each qualifying dependent
• Allowances are claimed on your Form W4.
The purpose of Form W-4 is to assist your
employer with estimating the appropriate
amount to withhold from your paycheck
Exemptions vs Withholding Allowances
For Educational and Illustrative Purposes only
For Educational and Illustrative Purposes only
Pumping Up Your Take-Home Pay
This table shows APPROXIMATELY, how much a family
earning $70,000/year, filing MFJ, with 3 children claiming
ZERO allowances on their Form W-4 will give to the
GOVERNMENT…interest free
Marital Status
Salary
Approximate
Monthly Value of each
Withholding Allowance
Single
Married
Up to $25,350
Up to $42,350
$50
Single
Married
$ 25,350 to $ 61,400
$ 42,350 to $102,300
$50
Single
Married
$ 61,400 to $128,100
$102,300 to $155,950
$83
W4 with 0 allowances
= $694/month
=$8,328 Per Year
For Educational and Illustrative Purposes only
Business Tax Deduction Advantage
W-2 Employees vs Home-Based Business Owners
Example based on a married couple filing jointly with three children
COUPLE # 1
COUPLE # 2
COUPLE # 3
Primary Job
$70,000
Primary Job
$70,000
Primary Job
$70,000
*1040 Deductions
-$32,600
Part-Time Job
$12,000
Part-Time Business
$12,000
Total Income
$82,000
Total Income
$82,000
*Total 1040 Deductions
-$32,600 *Total 1040 Deductions
-$32,600
$49,400
TAXABLE INCOME
$37,400
TAXABLE INCOME
$49,400
Total Business Deductions
-$25,000
TAXABLE INCOME
$24,400
*Total 1040 Deductions include a Standard Deduction of $12,600 + $20,000 ($4,000 x 5 exemption) $32,600.
These numbers change annually.
ADDITIONAL DEDUCTIONS FROM HOME-BASED BUSINESS
Car/Truck
Communication
Meals
Entertainment
$5,475
$1,500
$2,000
$1,500
Wages
Medical Reimbursement
Travel
Depreciation
$4,700
$750
$2,050
$1,000
Business Gifts
General Business Expenses
Auto Interest
Tax Deductible Investments
$25
$1,000
$500
$4,500
For Educational and Illustrative Purposes only
Annual Mortgage $1,775($21,300) – (Interest ($14,000) / Taxes ($2,500) = $16,500
Tithes = $2,000
Business Income
$12,000
Charity =
$499
- Business Expenses $25,000
= $18,999
= ($13,000)
Pumping Up Your Take-Home Pay
This table shows APPROXIMATELY, how much a family
earning $70,000/year, filing MFJ, with 3 children paychecks
will INCREASE with each extra allowance they claim on their
Form W4.
Marital Status
Salary
Approximate
Monthly Value of each
Withholding Allowance
Single
Married
Up to $25,350
Up to $42,350
$50
Single
Married
$ 25,350 to $ 61,400
$ 42,350 to $102,300
$50
Single
Married
$ 61,400 to $128,100
$102,300 to $155,950
$83
Old W4 (0 allowances ) = $694
New W4 (16 allowances) = $800
$50 x 16 allowance
= $800/ Month
Pay Increase of
$9,600 Per Year
For Educational and Illustrative Purposes only
Instant Pay Raise From Employer
$500 per month x 12 = $6,000 Savings per year
Minimize Taxes Strategy
• IRS urges employees to maximize their Take Home
Pay and use it for Investment or Debt Elimination
Minimize Taxes Strategy
Minimize Taxes Strategy
• IRS requires business owners to
maintain good records
• Work smarter NOT harder
• Our Online Record Keeping
Software
Build Wealth via Cash Flow Manager!
• Computer
• Tablet
• Smartphone
• Receipt Capture
• Enter Income and Expenses
Business CashFlow Manager: John Sample
Debt Elimination
Business Income Strategy
• Our Business Income Strategy is
essential because millions of people
want more income and simply
cannot get a significant pay raise on
their job.
• myEcon provides all Associates with
a World Class Business System,
which includes…
Personalized Website
OVER ONE MILLION PRODUCTS AVAILABLE
World Class Compensation Plan
Start earning Income Online
instantly?
Unlimited Income
As an Marketing Director:
• Earn $25 each on the first 2 Marketing Director
(MD) you personally enroll. Automatically
promoted to Executive Vice President (EVP)
As an Executive Vice President:
• Earn $50 each on each Marketing Director (MD)
you personally enroll in your base shop and
$25 to infinity for those you don’t
Unlimited Base Shop Bonus
Earn an additional $1,000 bonus each time you
enroll 7 new Marketing Directors enroll in your Base
Shop (must meet $5.00 CV requirement)
$50
$50
$50
$50
$50
$50
$50
= $350
$350 + $1,000 = $1,350
Get Started Today
Asset Accumulation Strategy
• Passive Income Producing Assets (401K,
stocks, bonds, annuities, real estate etc)
• Financial Stability
• Greater Lifestyle Choices
• Financial Freedom
• Retirement Freedom
• Cash-Asset-Cash Concept
What Makes Us Different?
SALES
VS
STRATEGY
Training & Support: Offline Marketing
Training & Support: Offline Marketing
Conference Calls
Strategy Session DVD’s
Webinars & Internet
Marketing Systems
www.bcttaxcenter.com
cntfinancial.com
Are You Ready to Get An Instant Pay Raise?