| Dear
Friend,
I’ve been an entrepreneur my whole life. From
growing up in a family business in New York to starting my own
law firm – right out of law school. I practiced Real Estate
and Business Law for over 12 years and I represented thousands
of people during that time. Plus, I’m a Real Estate Investor,
Speaker and Author. I’ve lived a full and blessed life.
As a
result of my experience in business and my 12 years of practicing
law, I’ve learned some very important lessons that I want to
share with you.
You see, in business, it all boils down to
this: Its not how much money you
make, its how much you keep that counts. Don’t
you find that that’s true?
I’m going to share with you something personal about myself
because the lesson here can have a quick and powerful impact
on your life. In
fact, it can impact you forever...
There are two impending threats to your wealth that can eat
you up
if you don't take action. One
of those threats is slow and insidious,
the
other one can wipe out everything you have at once.
Think about it. You work all year long building your business.
Things are finally starting to come together – and you begin
to make real money. Everything is starting to look up.
Then, your accountant calls and tells you to write yet another
check (a BIG check) to the IRS
to cover your taxes. And you’re standing there thinking, “If
I write them another check, I won’t be having such a good year”.
I’ve been there. It was back in 1989 and I had just completed
my first year with my own law practice. I had weathered many
storms, frankly my first year in business was a financial struggle.
Then, in mid-December, just before the end of my first year,
we got our first “big” retainer - $15,000. You’ve got to understand
that in those days, that was a virtual fortune. Especially after
struggling to pay the rent all year.
“What
a relief!” I’m thinking. “I can go into next year with cash
in the bank. I’ve got money for phones, rent and salaries. I
can hit the new year running.”
After I came back from the holidays, I got a call from Lenny,
my C.P.A. Lenny was the “family” accountant – my parents had
used him for years. It was early January and Lenny said “Congratulations,
Drew. You made it through your first year. How did it go?”
“Well,
Lenny, it was a struggle – but we made it. And it should be
smooth sailing from here."
“Wow,
that’s great. Let me ask you something, Drew, how much money
did you have in the business account on December 31st?"
Oh, we had about $15,000, but we paid our rent, phones, salaries,
etc. So now I’ve only got a few thousand left.
“OK,
Lenny said. Here’s what I want you to do. I don’t want you to
get into trouble with the IRS. That would be a bad way to start
your new career. So, make a a check to the IRS and send it to
me.”
“How
much do I have to make it for?", I asked. An even $7,500
– about half the profit, Lenny said.
“What? Are You Kidding? I DON’T HAVE $7,500 left. I just paid
my bills!!!”
“You
better find it then Drew, he said. Because the IRS can file
a tax lien against you if you don’t and believe me, you don’t
want that to happen. They can take away everything you own.
So send me that check right away.”
My stomach turned. My face got flushed. I was mad and scared
at the same time. How could this happen? Where will I get the
money? What happened to hitting the ground running?
You can imagine the next few months were a struggle. I had to
play catch–up all over again. Believe me, that was a lesson
that was burned into my brain.
And
when I discovered the solution to this horrific problem,
I vowed it would never happen to me (or anyone I work with)
again.
I’ve Discovered
Over 300 Individual Deductions
That Are Available To
You As A Business Owner.
That’s 300! And catch this, even the most successful and savvy
business people are taking only about 10% of what’s available.
Can you imagine how much that’s costing your each year?
Plus,
I’ve uncovered dozens of other strategies that you can combine
to further reduce your taxes. These
are the advanced strategies like up-streaming income, paying
for your children’s education and wedding through your business
and my special “insiders” strategies. I call
these the Golden tax secrets. As you begin combining these advanced
strategies, your see your savings grow exponentially.
I love hearing stories like that….
I’m going to share with you something personal about myself
because the lesson here can have a
quick and powerful impact on
your life.
Properly structuring your business and personal assets can protect
you and give you peace of mind. It will profoundly impact you
forever.
I
think I have a good idea of what you want from life:
|
Like
I said, I know who you are because you’re just like me.
I
don’t usually share this story with people. Again, its really
personal (in fact its painful to think about). But
if I can help save just one person from the living hell I went
through, its worth it.
Let
me explain what I’m talking about...
When I was a kid
growing up in New York, my family would spend our summers at
my god-parent’s lake house in New Jersey. It was located at
the end of a 3 mile twisting and winding road, tucked between
two tree coverer mountains. It was beautiful and secluded and
we’d spend a couple of weeks there at a time. Our old home movies
are filled with shots of us playing by the lake, jumping into
the water, running around the grounds…. It was indescribably
beautiful.
When I got my first
car, I would drive up to the lake house visit my Aunt (my Uncle
had passed away). Sometimes I would bring friends, sometimes
I’d go by myself and just enjoy the serenity. There was no other
place like it for me.
When my Aunt passed
away, she left the house in my stewardship. (I never considered
it “mine” – I viewed it as a family heirloom.) I used to love
spending the weekends fixing things up, working in the yard,
and of course, swimming in the lake.
During law school
I started investing in real estate. After I completed school
and passed the bar exam (I studied for the bar exam at the lake
house). I started my own law practice.
I
was filled with hope and anticipation. Life was starting anew
and I knew that things were about to take off for me in all
sorts of new and exciting ways. Little did I know what actually
awaited me and the pain it would cause.
The
real estate market was red hot at the time, and I had already
made several successful investments. My first investment gave
me a $27,000 gain in just 2 years. My first spec house gave me
paper profits of about $100,000. My next one was a similar house
and the appraisal showed a profit of $90,000. I also signed a
contract to build 10 houses for a group of attorney’s I had been
working with. Everything was going my way. I felt like I had the
Midas touch.
I reasoned that, because of the incredible real estate market,
if I could raise more investor capital, the sky was the limit
as far as profits were concerned.
So, I used leverage. The lake house in New Jersey was worth
about half a million dollars – free and clear. So I pulled out
all the equity I could, about $325,000.
I invested some in capitalizing my new law firm. An office,
computers, a secretary. All the necessary expenses.
Then, I picked up some more real estate. With appreciation over
20%, I knew I could make a killing. I knew the red-hot market
wouldn't last forever, so I had to strike while the iron was
hot.
And then, I decided to take a chance on a deal with my friend
who introduced me to. It was called “arbitrage” – he explained
that it was a way of taking advantage of the fact that you could
take advantage of the financial markets by profiting from discrepancies
in different countries currencies. It sounded like a savvy opportunity,
so I jumped at the chance.
I expect to profit $500,000 from the arbitrage deal. I would
take the profits and parlay them into a real estate fortune.
(Warning: Never invest in something you aren’t fully familiar
with or can’t explain clearly to your family.)
The stage was set. Everything was in place (or so I thought).
I was using the power of leverage to leap frog ahead of everyone
around me.
Then I got the call. My friend “Dave” said they were experiencing
some delays in putting the deal together. “Nothing to worry
about, it will just take a few extra days." A few days
became a week, then two weeks. Then the truth came out.
Someone had taken the money from all the investors and disappeared
(a total of $2 million including my $30,000). During the same
time, the real estate market had turned drastically for the
worse (remember 1988?). The spec houses I built weren't selling,
and what was worse was that I still had to pay the outstanding
mortgages. (About $1 million all tolled).
The final kick in the teeth was that they were adjustable mortgages.
The rates jumped up to the maximum rate – about 15%. Mortgages
that had been costing $1,200 per month went to over $2,000.
There was no way I could make the payments.
Then, the lawsuits started. Contractors wanting to get paid.
Banks that wanted their monthly payments. I couldn’t pay my
office rent. The phones were about to be turned off.
I was watching everything I had go up in smoke. My dreams,
my hopes, all my great plans were being dismantled before my
eyes. I had to give my home back to the mortgage company. Literally
ask them to “take it off my hands” because I couldn’t make the
payments. I practically gave away the spec houses I had built.
I couldn’t pay my bills.
And, oh yeah. The lake house in New Jersey. I lost that,
too.
The real tragedy is that the entire nightmare
could have been avoided...
If only I had known then what I know now.
That’s
why I’m so passionate about what I do. I know the consequences
of not properly protecting yourself AND I also know the benefits
of being structured properly. But you don’t learn this stuff
in college – or law school. I didn’t even learn it practicing
law. (That’s why your lawyer and your accountant are no help
with this.)
I learned it from my own tragic experience and I’d like to teach
you what I’ve learned BEFORE you suffer the same fate.
‘Wealth
Accumulation’
The benefits are ENORMOUS and I’ve put them into
my new 2 CD program.
You’re going to change your life when you listen to ‘Wealth
Accumulation’ and discover:
My
"Wealth
Accumulation”
program will teach you real-world techniques
and strategies to make you financially sound and secure. You
see, you can make all the money you heart desires – in real
estate, the internet, information marketing or anything else,
but if your not properly protected, it can blow up in your
face. That’s why you must have this program.
This isn’t some get rich quick plan. I don’t know of any that
really work. This is a systematic approach to keeping more of
your hard earned money and parleying it into a lifetime of success
and happiness. If you’re serious about building lasting wealth,
order my "Wealth Accumulation”
program right now.
If I charged $497 or $297 for this powerful information, it
would be a no-brainer; these secrets have sold millions of dollars
of products for myself.
But you’re not going to invest $497, $397, $297, or even $197.
You’re going to grab millions of dollars of life-changing information
for only $99.97…
But I’m going to do 1 better…
Because I have incredible respect for my clients who are decisive
and who take action, for the next, 17 people who are serious
about changing their life I will knock $50
off your investment…
Sincerely,
Drew Miles
|
Pathfinder Business Strategies, LLC.
10305 102nd Terrace, Suite 102, Sebastian, FL 32958
(888) 695-2765
contact: orders@pfbs.com
Copyright © 2003-2008 Pathfinder Business Strategies LLC,
|
|
