Drew Rozell, Ph.D.

Author and Coach

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Hooray, Hooray! A $9K Day!

March 24, 2007 drewrozell 4 Comments

I got the message from my accountant today.

THE message.

The one where he says, "Drew, I got your numbers figured for the year and it looks like…"

Right about here in the conversation, in my mind I see BAR and BAR come up on the first two wheels on the slot machine. The third spins round and round. Will I break or bust?

In other words, how much will I owe in taxes this year?

Last year I incorporated (The Quantum Performance Company, Inc.), so I’ve already completed my company taxes. My man Wayne the Accountant was on my voicemail giving me my information for my personal return.

"…it looks like you’ve overpaid five thousand federal and a thousand for the state…"

BAR! Ding ding ding! We have a winner!

Because I always keep a separate account for my taxes generously stocked and I was prepared to pay out around 3 grand, this just became a $9000.00 day. All before 8AM!

I share this because 1) it was very cool, and 2) because this happens to me regularly when I pay my taxes, and 3) because I can teach you how this happens for me if you’re interested.

So forgive the sales plug, but with the evidence in my bank account once again, I am proud and excited to share my Piles of Money Program with anyone who’s interested in consciously upgrading their finances.

I have created a simple system to organize and attract money using online banking. It has served me very, very well over the years and changed my financial life. People kept asking me about it, so I finally wrote it all out. Today, there is the e-book, a video, and over 3 hours of great audio discussing this system and the practical steps you can take to become a money magnet. All it really takes is awareness and action.

You can read more about it here. My system works. Again and again.

What will I do with my newfound money? Well, if I invest it all in my corporation’s 401K plan and assume a 10% percent return over the next 30 years (and live to see 67), my $9,000 will be $157,000.

That’s practical attraction!

P.S. If you have your own business, you MUST have a separate account for your taxes! With my system, I’ve never been scrambling to pay my taxes (and usually have a surplus).

P.P.S. If you are in business for yourself, get incorporated! This has saved me at least $20,000 in taxes in my first year. Assuming this same tax savings each year, if I just took the money I saved in taxes every year and invested it all at a 10 percent return for 30 years, I’d end up with $4 million. Just by being conscious of the rules of money!

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Comments

  1. joe skeptic says

    March 26, 2007 at 9:22 pm

    and if you can share where one finds consistent 10% returns, i’m sure we’d love to hear it.

    Reply
  2. drew says

    March 26, 2007 at 9:50 pm

    historically, the stock market returns 11% a year.

    (during the 1990s, the S&P 500 provided an annualized return of 17.3%)

    not every year, of course, but over the LONG HAUL…

    so a simple, conservative investment is to buy a index fund…

    see the Motley Fool (fool.com) for straightforward investment advice.

    but as the Fool says, you can do much better than 10% with a little effort…

    best,

    d

    Reply
  3. Mary Ann says

    March 29, 2007 at 5:20 am

    Today is a $6,000 day for me. I, too, got a message from my accountant. Yeah, now I have funds for my estimated quarterly taxes which I’ll need. New to this freelance business and paying the tax man. Gotta love these days though. Take care Drew!

    Reply

Trackbacks

  1. Hooray, Hooray! A $9K Day! | Manifesting Desires says:
    March 25, 2007 at 1:12 am

    […] drew Filed under Blog by […]

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