Inflation rates don't tell you what you can actually afford. A $150,000 salary today buys what $100,000 did ten years ago after taxes and inflation. Business owners need to work smarter, not harder, and understand how policy changes can reshape their financial reality.
Chapters
So how do you weather the storm? Not using a paper umbrella. And then the second component was just kind of setting the stage for when we talk about the personal aspects of things as it relates to purchasing power and not confusing with inflation which is a government basket derived number not a you and me purchasing power discussion. And then lastly we were talking about taxes because the relationship of the systems you've got to earn 150,000 after taxes after erosion of purchasing power just to get back to the 100,000 that was there 10 years ago. So how can you think differently instead of working just harder? You've also got to I'm sure it's very cliche to say work smarter and actually work differently and change the game so that it's in your favor. Most owners feel they are carrying everything but they're not even aware that their foundation is fragile. So I just kind of want to share. One policy can move your fortune. You never really owned it.