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The Survival Podcast

10 Service Businesses that Can Earn you 6 Figures – Epi-3540

The Survival Podcast

The Survival Podcast

Philosophy, Society & Culture

4.8 β€’ 1.7K Ratings

πŸ—“οΈ 13 August 2024

⏱️ 99 minutes

🧾️ Download transcript

Summary

Ever wonder why immigrants tend to be successful economically when they come to the US. I will tell you why. They see opportunity everywhere because it is everywhere, even right now. Today we look at 10 businesses you can start … Continue reading β†’

Transcript

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0:00.0

There's a better way to do this.

0:09.0

Let me show you a better way.

0:11.0

A better way.

0:20.0

and you don't have to be

0:18.0

another facing the crowd.

0:20.0

And we are live.

0:22.0

Welcome folks to episode 3,540 of the survival

0:27.4

podcast. Tuesday. Tuesdays are almost always a just jack show and today is a just jack show no nobody

0:34.2

being interviewed no expert counsel nothing like that and then Tuesdays are

0:38.7

generally days that if we're going to do any kind of like current events like we did yesterday something that goes into the

0:45.8

world of politics or whatever that's usually a Monday Tuesday's usually we take something

0:49.8

and we explore it and that's what we're going to do today.

0:53.0

Today we're talking about 10 service businesses that can earn you over six figures annually.

0:58.4

And I mean when you're done paying your expenses, you can actually profit for yourself maybe not on paper six figures.

1:05.6

We'll talk a little bit about tax advantages today too.

1:08.3

I'm not going to go deep into that but I just want to say right out of the gate.

1:12.4

There's a lot of these businesses I could see you

1:14.5

having something like $150,000 in revenue, $40,000 in hard real expenses.

1:23.6

Another $30,000 to $40,000 in what I call lifestyle expenses.

1:27.4

Those are things that they either are phantom losses

1:30.9

like mileage on a vehicle or there's things that you can write off that normally you can't write off.

1:36.5

Please talk to your CPA about that.

...

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