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Accountants for contractors have years of experience in their respective specialization and they are ready to perform a specific task for a flat fee. This is the best opportunity for businesses that have a strong need for good accounting skills on contractual bases. These honed skills are necessary for small companies that are facing tough times that can break them completely if they do not manage their limited funds efficiently. There are many such freelancers who are ready to cater their professional skills who prefer to work when they can spare the time. They are generally the kind of people who want to take care of their personal lives that are demanding their attention more. This gives companies a chance to concentrate on other tasks at hand that would allow them to sustain themselves longer in the business world. These freelancers can provide many different services like year end account, corporate tax assessment, annual tax return compilation, payroll dispersion Michael Dickson Hat , dividend distribution and many other accounting related jobs. This is the perfect way for the company to cut down their operational costs and have the best skills under their wing at the same time.
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Last week, we started a multi-part series about how to go from being a beginning investor to being "financially independent" in a steady and predictable way. Many, many people want to overly complicate this process so let's briefly Shaquem Griffin Hat , let's recap that discussion.
The bottom line steps that I suggested in the last article was:
1) Look for an opportunity that will return at least 150% in 2 yrs or less;
2) Be mentally and financially prepared if the investment does not work out;
3) Have VERY good reasons why you don't think you will lose money?? You may not make as much as expected, but you would rather not lose money at this stage.
4) Be patient. This single result should not either make or break you but it is crucial to a longer term plan.
I gave an example where a hypothetical person had gone through this process and ended up with a profit of $43,000 (before taxes) and $36,000 of after tax profit. When this profit was combined with their original investment Russell Wilson Hat , they now had around $55,000 of operating capital for Step 2.
Before we get to Step 2, let's take a step back. For a lot of people, if I told them that somebody made $43 Ugo Amadi Hat ,000 on a quick investment, they would think these people had "struck it rich". Kind of like winning the lottery, right? NO! In the grand scheme of things, this investment will do very little to impact their financial independence. That is Phil Haynes Hat , it will take discipline to now use these profits to go into the next investment, and then use those new profits to go into the 3rd investment, etc. So, in our opinion Gary Jennings Jr. Hat , this first investment was merely a stepping stone towards a much bigger objective.
In Step 2, most savvy investors will now realize they have just been given some extra monopoly money, or money that was not originally theirs, to work with. In the investment and trading world Cody Barton Hat , this is referred to as the "market's money"; i.e., money that you got from the market that you can then use to generate revenues above and beyond what was possible with your original investment. Quality traders can use this concept to produce huge % returns in a year while risking no more than 10% of their o