The Level Up Podcast w/ Paul Alex

How My Business Covers My Ferrari Lease and Saves Money

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Welcome to "The Level Up Podcast" with Paul Alex In Episode 115, Paul shares a personal story about how his business covers the lease payment for his Ferrari and offers insights on how starting a business can help you save money and achieve financial freedom.

Key Highlights:

  1. Transition from Law Enforcement to Entrepreneurship:
    • Paul made a leap from a secure job to becoming a full-time entrepreneur.
    • The rewards of this transition include the ability to lease a Ferrari, covered entirely by his business.
    • Generating Multiple Streams of Income:
      • Diversification is crucial for financial stability and flexibility.
      • Revenue sources include digital marketing, consulting, and merchant services.
      • Tax Benefits of Running a Business:
        • Certain business expenses, like a portion of vehicle leases, can be tax-deductible.
        • Reducing taxable income through legitimate deductions can lead to significant savings.
        • Consult with a tax professional to understand eligible deductions and ensure compliance with tax laws.
        • Financial Discipline and Strategic Planning:
          • Running a business encourages wise investments, effective budgeting, and strategic opportunities.
          • These skills enhance both business growth and personal financial health.
          • Creating a System for Financial Success:
            • Owning a business can provide the means to afford luxuries while teaching valuable money-saving skills.
            • It's about creating a system where your assets work for you, covering expenses and generating wealth.


              • Your Network is your NETWORTH!

              Make sure to add me on all SOCIAL MEDIA PLATFORMS:

              Instagram: https://jo.my/paulalex2024

              Facebook: https://jo.my/fbpaulalex2024
              YouTube: https://www.youtube.com/channel/UCGhDAD1JyGGzSQUPD9lc9HQ
              LinkedIn: https://jo.my/inpaulalex2024

              Looking for a secondary source of income or want to become an entrepreneur?

              🌐 www.CashSwipe.com

              📘 FREE Copy of my book “Blue to Digital Gold — The New American Dream”
              www.officialPaulAlex.com

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              The Level Up Podcast w/ Paul AlexBy Paul Alex Espinoza
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