Happy Sunday!

Here are 3 ideas, 2 quotes, and 1 question to consider this week!

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3 Ideas From Me

1. “According to the SBA, about 50% of U.S. businesses are home-based - meaning nearly 15 million businesses may have the chance to write off their home office. Here's how to do it:

— Determine Eligibility: 

• Make sure that your office is a separate, identifiable space in your home that is used only for business

— Determine Your Deduction:

• Simplified Option: Deduct $5 per square foot of your home office, up to 300 square feet

• Regular Method: Determine the percentage of your home used for business, and apply that percentage to your eligible home costs

— Claim Your Write-off:

• Use Form 8829, Expenses for Business Use of Your Home to calculate your home office deduction.

• Report your deduction on the proper form.

2. “Amaetures try to hit home runs. Professionals try not to strike out. Get so good at not striking out that home runs are simply a byproduct. This is not about baseball.”

3. “Try your best not to complain about the things you are unwilling to confront.”

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2 Quotes From Others

1. My favorite financial blogger, Mr. Money Mustache, on the freedom of money:

"The joy of the freedom that [money] can buy you is much better than the fleeting joy of things that you can buy, and then watch as they depreciate.”

2. Entrepreneur and Investor, Ben Horowitz, on the power of courage:

“Every time you make the hard, correct decision you become a bit more courageous, and every time you make the easy, wrong decision you become more cowardly. If you are CEO, these choices will lead to a courageous or cowardly company.”

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1 Question To Consider

"In your business or profession, what does "not striking out" look like and how can you focus more on that than trying to hit a home run?"

By considering this, you may be able to pinpoint consistent, reliable actions that yield success.

Until next week,

- Keran Smith