Greetings from Hiro Kaneko.

I just attended an awesome webinar last night hosted by Mike Klingler.

I was one of the lucky ones to make it on there live as it was maxed out at 1000 participants really fast.

it was a bit crazy to see GoToWebinar bugging out like that from people trying to jump on after it reached max capacity… more on that later…

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But first, a couple of important business items:

#1 – Mike’s new ‘Marketing Funnel Mastery‘ course is going to be available for free to all Renegade Professional members. If you already are a member, congrats! enjoy the course as I am/will because this will be a game changer!

Mike said that he will be re-recording the entire presentation rather than do massive editing of last night’s webinar. The recording should be available on thursday or friday.

#2 – For those who are not yet a member of Renegade Professional (or don’t even know what it is), this is a perfect opportunity to take advantage of Mike’s
generous offer.

His ‘Marketing Funnel Mastery‘ course will be sold for $997 after he closes the door this Saturday evening.

as mentioned earlier, this entire course is f.ree to all Renegade Professional members. Even without this course, it’s a no-brainer for me, but with this, there’s absolutely no excuse for you not to join if you really want to make big things happen for you.

Find out more detail below:
=> http://ClickByClickHomeBusiness.com

#3 – If you do join through my link, you’ll get 30 minutes of one on one coaching with me. As you may already know, I am a member of Coaching Cognition so you’ll get REAL coaching. You can be coached on ANY topic you like during the session – internet marketing, attraction marketing, any specific online marketing strategies, keyword research… you name it… even tax strategies (which is what I did for 15 years in corporate america where my hourly charge rate was $972 per hour at the time I walked away =))

Just make sure you join thru this link below:
=> http://ClickByClickHomeBusiness.com
and forward your receipt to kaneko.hiro@gmail.com with the subject line “Marketing Funnel Mastery BONUS” and I’ll get in touch with you to schedule our coaching session.

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Back to what happened last night…

With a rush of thousands of people trying to get on the webinar, it totally bugged out the gotowebinar system.

Pop-up messages kept popping up Mike’s screen every few seconds saying “You have exceeded 1001 participants and someone is trying to join. Please delete a participant to allow them access.”

This is what happens even with the leading webinar service on the market today. These pop up messages literally interfered with Mike’s presentation and
froze the screenshots… that’s why Mike is re-recording the entire presentation for us =)

But we kept going, and I understand that 950 people (including myself) stayed thru the entire 2 hour webinar.

Now, all I can say about what Mike shared last night is WOW! I knew he would deliver in a big way, but I now truly believe this “Marketing Funnel Mastery” course will revolutionize the entire industry.

So, the re-recorded presentation should be up for anyone to watch on thursday or friday. This will be free for everyone, but only until Saturday evening.

Make sure you watch the re-make if you didn’t get on last night cuz this is surely a game changer.

Cheers,
Hiro

email: kaneko.hiro@gmail.com (personal)
phone: 917-370-6877 (personal cell)

Mike Klingler just announced to make his new training course, Marketing Funnel Mastery ($997) available for FREE to all current Renegade Professional members as well as for new members who sign up before live Portland event to be held on June 26 & 27, 2010 (these dates are preliminary set for now).

When asked what he will be covering in his new 12-week Marketing Funnel Mastery course, Mike Klingler replied:

“This will be my best yet at moving people at ALL levels into clarity on how to STRUCTURE all the tools, methods, strategies and pieces you’ve been juggling into a structured (and sequential) fashion that cash-flows.

If you have a blog, website, use PPC, SEO or however you’re aiming to build your list & business online – Marketing Funnel Mastery course will show you how to make sure it produces.”

For those who are not familiar with Renegade Professional, it has been on a tear lately. Their online marketing training platform and online community of entrepreneurs has been making a real buzz in the online world (not just in the network marketing industry) this year. Their unique approach of providing their members with click by click instructions on all aspects of internet attraction marketing has dramatically increased the general success rate. People with little or no marketing experience are getting results they never thought possible.

Here’s what Mike Klingler had to say about his new 12 week Marketing Funnel Mastery course series:

“I am going to give people my best this year. If you are in Renegade Professional, you’ll have access to this entire 12 week Marketing Funnel Mastery course series for FREE… no additional cost other than your Renegade Professional memberships. I can’t give more than this! It’s pretty crazy!

This course is going to cost a thousand dollars ($997) for anyone who joins Renegade Professional after I close the doors sometime around the live Portland event… I’ll let you know more about the event, but just get in if you are not in Renegade Professional now!”

Renegade Professional is creating a new era for home business professionals all around the globe.

Go check it out at http://ClickByClickHomeBusiness.com if you haven’t yet, and I highly suggest you join Renegade Professional before Mike closes the door to get free access to his new Marketing Funnel Mastery course.

See you all inside Renegade Professional!

Hiro

If you’d ask me what one income tax advice I can give you that will have the biggest impact on your bottomline, it would be this: To realize that there are two tax systems in this country (and in many others), and use the tax system that will tilt the tax laws in your favor.

Believe it or not, there are two income tax systems in this country that you should be aware of – one for the “educated” and the other for the “uneducated” (i.e. one for those who know the rules, and the other for those who don’t; they may also be known as “the system for employees or W-2 wage earners” and “the system for self-employed or small business and/or home based business owners”). And the important thing to note here is that you get to choose which one you want to be in.

The first system, or the “educated” system, is designed to create economic growth. The second system, or the “uneducated” system, is designed to take away your wealth.

Note that they are not “the system for the rich” and “the system for the poor” as it is sometimes mistakenly known to be. Even if you are not millionaires or billionaires (at least not yet), you can also benefit from the “educated” system by studying the rules and applying the knowledge.

Here’s a simple formula to illustrate the difference:

In the first system, the amount of taxes you pay is based NOT on the amount of money you earn, but on the amount of money you have left over after deducting all of the expenditures you may have for your business from what you’ve earned.

In contrast, in the second system, the amount of taxes you pay is based on the amount of money you earn from your job as salaries and wages. The taxes are immediately taken out of your earnings through tax withholding. Whatever that’s left over is the amount you can spend. That’s the basic pattern of wage earners or the uneducated tax system.

If you take a look at your recent pay stub, you’ll see that the first line is your gross pay. Let’s say it’s $1,000 for simplicity’s sake. But as you probably already know, you can’t live on the $1,000 because you have taxes to pay. Federal taxes, state taxes, city taxes… and FICA or social security taxes where you pay half and your employer pays the other.

Adding them up, an average American pays anywhere between 42% and 55% in taxes. In other words, pretty much half of what you make goes to pay your taxes! … and this doesn’t include sales tax, property tax, excise tax, gasoline tax, and many other forms of taxes that you likely not pay too much attention to…

Let’s go over an example. Suppose you are an employee with annual salary of $100,000:

Income                         $100,000
less: Taxes (approx.)    <$50,000>
Spendable Income          $50,000

Can you see now what Bill Gates was referring to in my previous post, The Truth About Taxes That They Don’t Want You To Know About? He knew that the secret to building wealth was not simply making a ton of money, but was keeping more of what he made! It’s really about what you keep… not just how much you make (although this is part of the formula).

It’s a lot more difficult to get ahead when you’re paying upwards of 50% of your hard-earned money to the “tax man”…

Now, as an employee, it’s true that you do have a limited number of deduction items such as individual retirement account (IRA) contributions, 401(k)s, mortgage interest and property tax deductions for your home, charitable contributions deductions, etc.

But, the number of items is very limited compared to those that are available to self-employed and business owners.

The “educated” tax system provides a significant tax advantage over the “uneducated” tax system. Business owners are allowed to effectively lower the amount of money on which they are taxed (as you can see from the illustration above).

Why is there such a huge, fundamental difference in the way business owners are taxed compared to wage earners?

Well, I am not sure. Maybe it’s because this country was founded by entrepreneurs. Maybe it’s because the country’s economy is driven by business activities, which in turn employ people who pay taxes on the salaries/wages that they earn (hmm… encouraging businesses to create more jobs for people who will start paying taxes in the “uneducated” tax system…). Business owners make political contributions to support the elected officials and lawmakers who in turn run the government.

Whatever the reasons, the important thing for YOU is to realize that there exists this major, fundamental difference in the taxation system, and to capitalize on it.

So, what can you do?

If you’ve already got a business or are self-employed, great. You’re well on your way to reap the benefits that are afforded to you. If you don’t already have a business, now is the time to really consider it. Learn and use the “educated” tax system as soon as possible and start to tilt the tax laws in your favor!

Here’s a couple of resources to get you started (even if you already are a business owner, these are great tax educational resources for you):

book => Lower Your Taxes – Big Time! 2009-2010 Edition (Lower Your Taxes Big Time)
audio => Tax Strategies for Business Professionals (I got you a 10% discount from the author – just use “hiro” as your coupon code and you’ll get a 10% discount on this audio series as well as any other products on the site if you are interested

Both resources are products of Sandy Botkin who I’ve personally met in person and have been following throughout my tax professional career, and he is the real deal

Well, good luck! and make your life LESS TAXING!

In this day and age economic down trend, an uptrend to start a home based business is spreading across this country and have become widely recognized as one of the most desirable businesses to start.

The Bureau of Labor Statistics says that out of 100 people that start working at the age of 25, by the age of 65…

• 1 is wealthy
• 4 have enough money to retire
• 63 depend on Social Security or charity
• 29 are deceased

What’s shocking about these statistics is …95% of people, age 65 and over cannot afford to retire …many will be forced to work until they die. What happened to safety and security?

In J. Paul Getty’s book ‘How To Get Rich,’ his first rule for success is, ‘You must be in business for yourself. You will never get rich working for someone else.’

This may be one reason why, according to Home Incorporated, every 10 seconds in the U.S. someone starts a home based business. Tens of thousands of people are waking up to the fact that there is a better way to make a living.

According to Success from Home magazine, there are three factors that are changing the landscape of how people make a living in the 21^st century.

1. No Job Is Secure

The days of staying with one company for your entire career (like your father did) are over. In these days of frequent layoffs and downsizing, even state and government jobs no longer enjoy this “secure” status. Budget constraints due to a lack of consistent tax revenue coming in (the money that goes to pay for these jobs) have forced many of these people to consider other job opportunities.

2. Technology

The computer and the advent of the Internet has allowed small business owners to expand their reach for customers from a local business, limited to a certain geographic area, to a global enterprise almost overnight. The way we communicate today has little to do with where your office is located – millions start their own businesses right out of their homes. Even employers are seeing the benefits of having employees work out of their homes.

3. A desire to Take Control of One’s Future

For most middle-income Americans, living paycheck-to-paycheck has simply become a way of life. In Rich Dad, Poor Dad, Robert Kiyosaki talks about the long-term effects of this kind of lifestyle. “Financial struggle is often directly the result of people working all of their life for someone else. Many people will have nothing at the end of their working days.” A new generation of entrepreneurial-minded people is reversing this once inevitable subsistence by starting their own businesses. They are creating a better life for themselves and their families by taking control of their income.

I am a strong advocate of people starting a business, particularly to start a home based business. Here are some of the reasons why:

No boss

You are the boss. You get to make all the decisions. Decisions on what to work on (your passion), how to work them (your way), how much you want to work (your time), etc.. And, you do not have to put up with an upset, stressed out, procrastinating boss and answer to his/her demands and orders. Wouldn’t that be great?

Yes, you are accountable for the results as well. You take all the responsibilities. But you will have no ceiling on your earnings. And besides, when you are working on your passion, work will not feel like work. It will be something you look forward to. You will want to wake up early to get to work because you can’t wait.

No Commute

You don’t have to commute to work everyday and waste your precious time in rush-hour traffic or on public transportation. You will also have the freedom to spend more time with your family and friends.

Freedom To Work When You Want

The freedom to set your own hours to work is, in my opinion, one of the best reasons to start a home based business. This freedom is especially valuable for stay-at-home moms (or dads) who have children to take care of and need the flexibility in their work schedules.

Freedom To Work On What You Want

Starting your own business inspires your creativity as you involve yourself in the things that you love to do. You can be working on your passion and getting paid for it. It’s a great feeling to be in control of your life and doing what you want.

You Don’t Have To Quit Your Current JOB

You can always start out on a part-time basis until things get rolling and you’re able to replace your income from your job with the income you generate from your home based business. An added bonus here is that any losses that you incur in your start up phase (most businesses normally start out this way) can offset your other income (e.g. wages from your job, interest, dividends, your spouse’s wages, etc.) thereby reducing your tax bill (significantly).

No More Worrying About Your Job Security

You will no longer have to worry about the economy or corporate mergers that often results in “restructuring” and “downsizing”. Nor will you have to worry any longer about playing office politics just for the sake of your job security.

Small Startup Cost

Many traditional businesses require a heavy investment in equipment and office/retail space. When you start a home based business, you usually do not have these huge initial capital outlays. Of course, depending on how far you want to grow your business, you can choose to invest more into the business as the business grows. Still, the initial capital investment that’s required is far less than many traditional businesses.

No employees (or very few of them… maybe or spouse and/or children?)

With more and more regulations being imposed on businesses by the government, it has become an administrative nightmare. A serious business needs to hire specialists to keep up with the regulations.

Little, if any, chance of lawsuits

An ancillary reason for not having employees. Once you start to have employees, there are possibilities where they have to sue you for something (of course, they could very well be good employees, working hard with loyalty for you day in and day out).  But, in this litigious environment, you really want to try to minimize that risk.

Much less overhead costs (compared to traditional businesses)

Overhead costs or overhead expenses refer to ongoing expenses of operating a business. The term overhead is usually used to group expenses that are necessary to the continued functioning of the business but that do not directly generate profits.

Overhead expenses are all costs on the income statement except for direct labor and direct materials. Overhead expenses include accounting, advertising, depreciation, indirect labor, insurance, interest, legal fees, rent, repairs, supplies, taxes, telephone, travel and utilities.

When you start a home based business, your overhead costs will be significantly less than a traditional, brick and mortar business, biggest item being rent. As you are working out of your own home that you already own or rent, there’s no additional cash going out, whereas a traditional business will usually rent out an office space, a wholesale/retail space, restaurant space, etc.

A Sense Of Pride

Wouldn’t you feel great to be able to tell your family and friends or just somebody you meet that you are an entrepreneur running and operating your own ‘home based business’?

Increase Your Confidence

Setting out to start a home based business from the ground up is an endeavor that will surely bring about many different challenges, personally, financially, emotionally, etc.. You are embarking on a mission without the certainty of outcomes and the risks involved. You will gain confidence as a person as you face and overcome these challenges.

The late Jim Rohn, who has been internationally hailed over the years as one of the most influential thinkers of our time, often mentions about this lesson he received from his mentor, Earl Shoaff:

“Set a goal to become a millionaire for what it makes of you to achieve it.

Do it for the skills you have to learn and the person you have to become. Do it for what you’ll end up knowing about the market place. What you’ll learn about the management of time and working with people.

Do it for the ability of discovering how to keep your ego in check – for what you have to learn about being benevolent. Being kind as well as being strong. What you have to learn about society and business and government and taxes and becoming an accomplished person to reach the status of millionaire.

All that you have learned and all that you’ve become to reach the status of millionaire is what’s valuable. Not the million dollars.”

Money is important. That’s the primary reason for most people to work at a job or to consider starting a business. We all need to pay our bills, put a roof over our heads and get something to wear. We also want to enjoy the good things in life and take vacations.

But what if you set a goal to succeed in business for what it makes of you to achieve it? Wouldn’t that be inspiring?

And finally…

Tax Benefits

Having your own business opens the door to significant tax benefits. Tax benefits that most people don’t even know they exist. Tax benefits that can save you tens of thousands of dollars every year.

And this is one of my specialties as a former Certified Public Accountant and a tax consultant.

Stay tuned… as I begin to reveal to you the tremendous tax benefits that are afforded to business owners (that are not available to employees e.g. W2 wage earners).

Hiro Kaneko
ex-CPA turned Online Business Entrepreneur