Basketball To Business

Reflections and Insights After Turning 31: Taxes, Investments, and Maximizing Your Time

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What's up, basketball enthusiasts? I turned 31 yesterday, and I'm feeling one year wiser!

I had some quality time to recharge and reflect, so I thought I'd share a few "beyond the court" thoughts since it's been awhile:

  • Taxes, and how crucial it is to understand tax obligations, especially the differences between an LLC and an S-Corp.
  • Passive income is often misunderstood; the IRS defines and taxes passive income differently. Also, our training income is always considered active business income.
  • Using basketball training to build, not live
  • Recognizing and maximizing the flexibility we have in our business decisions.
  • Taking time to recharge, like I did on my birthday, is essential even though it made me feel guilty initially
  • Overcoming constraints in our business

    • And just to let you all know, I'm opening up spots for consulting to help other trainers avoid the mistakes I've made and succeed in their own businesses. If you're interested in coaching or advice, feel free reach out to me on Instagram.

    Have a good weekend everyone!

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    Basketball To BusinessBy Myson Jones
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