By Bill Young

When I recently saw the President of the Pay Day Lender's Association on TV the other day lecturing the viewing audience to "Never borrow more than you can repay in a short period," I got sick to my stomach. I knew he was smelling blood!

He was clearly reacting to the increased desperation of the middle class American worker, falling further behind because of stagnant wages, rapidly rising mortage, gasoline and health care costs.

If you don't take action to protect yourself and your family, now; from this increasingly predatory economy we live in; you will go right into bankruptcy, foreclosure or both, along with millions of your fellow middle class Americans.

Most of you are letting the government take 30-50% of your hard earned income in taxes every day, while granting the corporations and the wealthy ever more unconscionable and unfair taxbreaks.

Exxon/Mobile makes $9 Billion in profits in 1 quarter and 1/2 million middle class families will go bankrupt this year, because they do not have $300/mo more income, which according to a Harvard researcher, Elizabeth Warren, is all that is needed for them to avoid bankruptcy!

There is no way the average person's wages are going to keep pace with the spiraling cost of living, so the head of the Pay Day Lender's Association wants to lend a helping hand, at 240% annual interest, of course.

Fortunately, there is another way. You can take back 10-25% of your hard earned pay check that you routinely let the government confiscate.

You can start a home based business and take advantage of the same tax system the corporations and the wealthy use.

You didn't know there were two tax systems in this country?

Their tax system allows them to pay little to no income taxes, averaging around only 4-5%. You know too well what your tax system takes from you.

How would you like to be able to slash your income taxes and increase your take home pay by 10-25%, every pay day, starting now?

You must have or start a home based business. It must be run with the intent of making a profit, worked at least 20 hours per week and you must not co-mingle personal and business funds.

Once you have a home based business, you can learn how to redirect the money you are presently spending on supporting your lifestyle into expenses necessary to run your business.

Think about a simple trip to the mall on Saturday with your family to shop for a pair of shoes for your son. Tax deductible? A business expense? Clearly not.

However, what if you were to pick up a box of blank CD's or a new ink cartridge for your business computer? Bingo! That trip has become a business trip! You can now write off the mileage to and from the mall, irrespective of the fact that you bought your son his shoes.

Come to think of it, how would you like tomake the purchase of your son's new shoes a business deduction too? Impossible? Nope. Instead of giving him an allowance, give him a pay check! That's right, put him and other family members on the payroll.

The IRS says that if the job is legit, the wages suitable for the work done and an actual pay check is cut, there is no problem with hiring family. In fact, they have given the green light to having children as young as 7 years of age, employed in family businesses.

All of these new found write offs add up to huge tax deductions, which means more take home pay.

An Extra Pay Check of $500-$1,000 every month for your family can make the difference between financial survival and financial disaster.

The key is to have a qualified home based business.

Copyright, 2007, Bill Young. Bill is a Personal Financial Consultant. He shows people How to Quit the Rat Race in 5 Years! He did it himself, in real estate. However, because of the current state of the real estate market, now favors home based businesses as the springboard out of the Rat Race. Click here for more info:

http://www.linkbrander.com/go/48681

Call Bill for a free, no obligation 30 min consultation on your personal financial situation and how you can overcome the problems and become financially free in 5 years! 877-291-3642

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