The subject of what to do with your money, once you earn it, is hardly talked about here. I'll teach you a little trick that will pay enormous dividends over the life of your business. Hint: You won't reach CEO status with all of your money sitting in the bank. Everything You Buy with Your Own Money is a LOSS Incorporate your business. This is the single best decision you will ever make in finance. Imagine your corporation as a fortress for your money and other assets. It will shield you from lawsuits and even help you pay an incredibly low tax rate. The secret of the wealthy is... we don't actually own much. The more you can keep in your corporation's name; the better. Remember -- everything you buy with your own money is a LOSS. Things purchased by your corporation become an ASSET, saving or earning you money due to exclusive tax breaks. (real estate is a different game so do your research) Learn and Use Your Tax Deductions When done properly, deductions allow you to live a very comfortable lifestyle for nearly FREE. Essentially anything you do for business purposes is deductible. Traveling the globe, buying software and tools, office rent, hiring outsourcing, furniture, gas, phone bills, entertainment, insurance. The list goes on so speak with your attorney for more details. Earn a Low Salary, Live Like a King For example, your company earned $200,000 this year but you only paid yourself $40,000.. you will only be taxed for $40,000 while that $200k will be filed separately, allowing you to recoup most of what you spent as "company expenses." This is a vague analogy but my point is this: You become rich by investing into your business, not keeping money in the bank. Tie what you can into your business and watch your money grow year after year. -Funky I'm no tax expert. I'm lending my advice to those interested in maximizing their returns.