In this episode, Jeff discusses:

• Living life with strategy
• The importance of profit and loss (P&L) statement
• Hire a professional tax planner.

Key Takeaways:

• Every time you went around go but never invested that money into anything, you wouldn't win and it probably wouldn't take very long until you were broke and bankrupt. 
• It only takes a few minutes to set up your P&L statement, so set it up yourself or get help from professionals as soon as possible. You can not only use a P&L statement to review your net income and make important financial decisions but also makes preparing your taxes a lot easier.
• You'd want a professional and someone who knew what they were doing when it came to your money and taxes. Tax planners can help you save so much more than you can on your own - they aren't cheap, but you'll save so much money and stay out of trouble.

“If you don't have a P&L and a balance sheet, you're never ever going to come out ahead." —  Jeff Hockett

Connect with Jeff:

Website: https://www.hocketttax.com/

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