Having my own business has been great for me and people ask me about it. In this time of uncertainty, there are a lot of people looking for more financial security.

I recommend a good network marketing business, the best type of a direct selling business. There are a lot of good business reasons for this. In his book, Start Late, Finish Rich, David Bach devotes an entire chapter to creating wealth with a direct selling business. He initially had a negative view of it but after doing his research, he realized that this was a very viable way to create money. Warren Buffett, yes, that Warren Buffett, has bought network marketing businesses because of the boom in their popularity. And this was way before the current economic situation.

What do you get with a good network marketing business? For one thing, it’s a business in a box. You don’t have to start from scratch developing products, marketing materials, stocking inventory, etc. Boom! It’s in there!

You get good training. In network marketing, the person who introduces you to the business won’t become successful unless they help others become successful. It’s in their best interest to get you the best training and mentoring possible.

With network marketing, you can take advantage of two secrets of the wealthy. They are residual income and leverage. Residual Income is where the income continues to come in for the same effort, like an author who receives royalties for her books. You can leverage other people’s efforts. As their business grows, your business grow.

Your success depends on your results not the hours you put in. In the beginning, you will be underpaid. After some success, you will become overpaid as your income increases exponentially.

If you are interested in seeing if developing residual income through network marketing is for you, request your free CD, “The Perfect Business,” at FreeRKCDForYou.com.

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Tax season especially for CPAs and other tax professionals is over. April 15th is the deadline to file your taxes and every year the media covers the long line of cars at the main post office trying to get that postmark on their return before midnight. When that’s accomplished, they can forget about taxes until next year.

I propose that you think about taxes for 2009. How much did you pay for 2008? Would you like a way to save on your taxes for this year? Start a home based business.

A home based business allows you to shift some of your normal after tax expenses to before tax expenses. Normally people pay taxes and then pay expenses. Businesses pay expenses and then pay taxes.

Allowance paid to your kids is not tax deductible, but hire them into your business and their payments become a business expense. If you create a home office, portions of your mortgage, utilities, etc. becomes a business expense. These and other items can lower your tax burden over $300/month. That’s like getting an instant net raise of $300 without asking your boss.

I am not a tax professional and you should talk with one before you do anything. You can also look at a book called Lower Your Taxes – Big Time! by Sandy Botkin. In fact, the title of his first chapter is, “Why You Would Be Brain Dead Not To Start A Home-Based Business (If You Don’t Already Have One)”

If you would like to find more about whether a home based business is for you, pick up your free copy of “The Perfect Business” CD at FreeRKCDForYou.com. Robert Kiyoskai, of Rich Dad, Poor Dad fame, gives you more information about your own business.

Technorati Tags: business expense, file your taxes, home based business, pay taxes, rich dad poor dad, Robert Ki, sandy botkin, tax deductible, tax season

Recession fears are very prevalent today. When I read the facts, I kind of have to chuckle to myself. The headlines read something like unemployment at it’s worst in the last 23 years. I remember 23 years ago.

Back in the late ’70′s and early ’80′s, the unemployment rate had kind of settled in the 8% range, slightly less than what we have now. A recession at that time pushed it over 10%. People were complaining about tough times but there was nowhere near the Chicken Little pronouncements you see trumpeted in the news today.

What has struck me as so interesting is that the economy has been good for so long, there’s an entire generation of workers who have never seen a recession. It’s been so good for so long that 8.5% unemployment is an economic apocalypse instead of just ‘not so good’ news.

Let me put these numbers in another perspective. Economists say that about 4% unemployment is about as low as you can get. This represents those people who are between jobs. If it gets much lower, the economy suffers because there aren’t enough workers to fill jobs.

So, you subtract the 4% transient unemployment from 8.5% and you get about 4.5% additional employment. In other words, the employment rate is over 95%! Even if you don’t subtract out the transients, the employment rate is over 91%!

In perspective, the depression unemployment rate was over25% at it’s highest. FDR said it best, “The only thing we have to fear is fear itself!”

Now that I have talked about what people are fearing the most, how do you protect yourself from it? One of the best things is to control at least a good part of your income with a home based business. If you want to see if this could be for you, I suggest going to FreeRKCDForYou.com and requesting a free CD by Robert Kiyosaki called, “The Perfect Business.”

Technorati Tags: depression, economy, home based business, recession, recession fears, robert kiyosaki, unemployment