Products & Offers 9) Higher Pre-Tax Retirement Contributions: Business owners can save up to $55,000 in their Solo 401k for 2018, provided they have an operating profit of at least ~$182,000. Business owners who elect to go the SEP-IRA route can also contribute $55,000 a year pre-tax, provided you pay yourself ~$220,000+ in income. As an employee, you can only contribute up to $18,500 max in your 401k or $5,500 in your IRA (if your income is low enough). Anything more depends on your employer’s matching program.
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Cutting down daily coffee purchases can save you up to $800 per year. Giving speeches is a terrifying experience. Giving bad speeches… Well, no one wants to be in that situation. Wordsmiths have a hugely sellable skill to win people over using nothing else but the power of well-strung sentences. If you can write, cash in on this skill by crafting speeches that make birthdays, weddings, award ceremonies, or political debates a more memorable experience.
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Skilled at creating blankets and sweaters? There’s a huge market for these types of items – even better, you can usually make them in your spare time whenever you have it. As always, local shops and sites like Etsy are great venues to sell such items.
Motorcycles & Accessories Best for small-to-medium offices FRONTIER - DSL There is a treasure trove of valuable items being thrown away by big box stores around the world. Electronics stores toss out everything from printer cartridges to tablets, and if you’ve got the stomach for rummaging around in dumpsters you can easily make money rummaging than you ever thought possible.
11. Software & App Development Before you take the plunge and make a plan toward becoming your own boss, it’s important to make sure this road is financially viable for you. The Doubts and Fears of Becoming Your Own Boss
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