Category: How to Make Money

Do Rich People Pay More Taxes?

There have been so many insane statements made about taxes and the rich over the last couple of years. In fact, a lot of attention has been allocated towards the wealthy and how they “game the system”.

Many people have heard stories about Donald Trump not paying any taxes at all and demanded he share his tax returns with the world. Some of those same people are pushing to tax anyone who makes over $10 million yearly at a 70% income tax rate.

This isn’t a political support statement or an opinion on whether or not Trump should share his tax returns, it’s just a fact. With this fact comes controversy, and we love controversial topics here at Incite Wealth.

So…it’s time we addressed everyone’s lingering question, “do rich people pay more taxes than your average Joe”?

To clarify, the rich blatantly pay out more in taxes on a dollar for dollar basis. For example, if a wealthy individual has $1 million in income for the year, and their effective tax rate is 25%, they pay out $250,000 in taxes that year. If a normal, every day salaried employee makes $100,000 in a year with the same tax rate they will only pay $25,000.

This concept is relatively straightforward.

More often than not, the wealthy, if also a salaried employee, would be in a much higher tax bracket at this income level. However, wealthy people are intelligent. Wealthy people also understand their finances and have taken the time to either hire someone who knows tax law or learn it their self. When you are educated on taxes you are typically able to make smarter decisions throughout the course of the year that can actually REDUCE your effective tax rate. The bottom line is, wealthy people pay less taxes from a percentage standpoint than the average salaried employee.

Continue reading “Do Rich People Pay More Taxes?”

3 Legit Side Hustles That Actually Make Money ($3,500 Last Month)

Day job just not cutting it anymore? Need to figure out how to lock in some extra cash this year? Need something that has low startup cost but can be super lucrative? You’re not alone. We’ve got 3 legit side hustles that actually make money.

You’ve probably been promised all sorts of strange gimmicky penny penching techniques or been pushed towards apps that round up and save your change every time you buy lunch.

The fact of the matter is, none of these make real money, and none of these are going to put cold hard cash in your pocket anytime soon.

In today’s society most are realizing that all the money they’ve socked away for retirement over the years is just not going to add up when they finally decide to quit the workforce. Most people are also starting to realize that they need a side hustle to really achieve the level of financial freedom or financial independence they want in life.

With more and more people shifting towards building their own side hustle so that they can travel, purchase the house of their dreams, or just live comfortably, you’ll want to be ahead of the curve.

Looking for some REAL extra income?

Continue reading “3 Legit Side Hustles That Actually Make Money ($3,500 Last Month)”

Wealthy Affiliate Review 2018: My One Year Anniversary

Last year, in 2017, I realized that my day job would not fulfill my dreams of living financially free in my mid-20’s. I immediately started seeking out opportunities to create additional income in my spare time.

I poured over hundreds of sites promising a wide variety of “Get Rich Quick” schemes.

I went through every “Real-Estate Flipping Guru” on the internet.

I did the “Free-Entry Course” of every MLM Marketing scam on the internet.

I purchased three different social media marketing courses before I stumbled upon Wealthy Affiliate.

When I finally discovered this opportunity, it changed my life.

I no longer have to struggle to earn an online, supplemental income and you shouldn’t either.

At first, I saw Wealthy Affiliate as an opportunity to make a few bucks doing what I enjoyed, helping others gather knowledge. After one year, I have changed my mind completely. Here is my updated review:

Wealthy Affiliate in 2018

The internet is an ever-changing environment. Only about 50% of the world currently has internet access and that statistic includes those who have minimal E and 3G networks. Imagine the opportunity if even 75% of the world had a functioning 4G LTE Network. If ever you doubted the capabilities of the online marketplace, 2018 is the year you leave those doubts behind.

There are countless ways to fire up your own website. I have written about quite a few of them in some of my articles over the last year. However, what if I told you that there was one package that included everything you need to start making anywhere from $500-$50,000 per month online?

The good news is that this one stop shop actually exists.

The better news? It’s free.

Part 1: Comprehensive Online University

I want to first discuss the pillars of Wealthy Affiliate and what this platform has to offer.

The first, and probably the most important piece of your newfound Wealthy Affiliate membership will be the comprehensive online university that Wealthy Affiliate offers.

Wealthy Affiliate’s Certification Courses (shown below) can teach you everything you need to know about building a successful online business.

It doesn’t matter if that business stems from affiliate marketing, niche marketing, advertisement, or brick and mortar sales directly fueled by your online presence.

Wealthy Affiliate supplies the knowledge you need to take on any online endeavor utilizing Kyle and Carson’s successful strategies.

Each course then contains individual broken out lessons focusing on one key topic that will help you develop your website into a source of income in as little as a couple weeks.

This coursework is unlike any other I’ve experienced. As I sat through many hours of video courses explaining to me social media and web marketing I quickly realized that the people behind the videos were only in it for the revenue they were creating through people like you and I, knowledge seekers.

Their lackluster efforts are what made Wealthy Affiliate stand out to me. The passion that Kyle, Carson, and the rest of the Wealthy Affiliate community exude is infectious. There is no education system online that can motivate in the same manner.

This brings me to the second most important piece of the Wealthy Affiliate platform.

Part 2: Motivational and Helpful Community

As I mentioned previously, Wealthy Affiliate has a boisterous community of people who started in the same position as you and I. They have gone through the countless hours of Wealthy Affiliate coursework and have managed to build successful websites of their own.


These people dedicate their time and resources to helping others within the community reach their goals as well.
You will never have a question go unanswered, as these questions become top priority waiting for someone to reach out. The Live Chat section of the platform is active 24/7 and there are always helpful individuals willing and able to answer your questions.

If you become knowledgeable in a subject and you choose to help others in need, you can easily create your own content through blogs and trainings and even earn yourself ambassador status.

I have yet to find a better community online via social media or paid subscription that offers even a similar level of support that Wealthy Affiliate offers you for free.

Now that you have all the knowledge you need to build a site at your fingertips, and a supportive community behind you, where will you host this new site of yours?

Part 3: Unmatched Web Hosting

Wealthy Affiliate hosts all of my unique domains. When you first sign up under a free account, they offer hosting through their platform allowing any SiteRubix domain name to be hosted for free.

This allows you to generate your own unique SiteRubix domain until you are generating a consistent revenue. You can then upgrade to their premium membership option and host up to 25 unique domains that you have chosen. This drops the .siterubix portion of your domain name and allows you to have a more professional, established looking website.

Website hosting is not strictly about the availability of domain names. Wealthy Affiliate offers multiple site tools that aid you along the path to success.

Wealthy Affiliate site speeds are in the top 1% of web page response times.

This is important because in order to see your website ranking at the top of the Google Search page you must have a quick website that is unfazed by large traffic volume. Wealthy Affiliate has this covered.

This platform also covers making your site secure for those browsing the internet. This allows you to be considered a safe zone by search engines and helps you rank better and in turn gain more site visits.

In addition to lightning fast site speed and top notch security, Wealthy Affiliate allows you to enable SEO optimization packages that help Google and other search engines crawl your webpage effectively.

This makes sure that all of your pages become indexed (a concept you can learn more about here).

I know you are probably wondering what happens when you run into technical difficulties. Believe me, running an online business is not a walk in the park when modern technology gets involved.

Well, fear not. Wealthy Affiliate’s support team is one of the best I’ve ever dealt with. I’ve had sites completely ripped from before after installing critical updates both before I hosted on Wealthy Affiliate and after.

Experience before Wealthy Affiliate SiteSupport:

My site was completely erased after a critical WordPress update. All of my hard work from multiple years of content creation was swept from my site, and I had no way of restoring that information.

Luckily, I had backed up my site to my desktop two years prior. However, all the content I had generated in those two years since the backup was lost.

This was a terrible day for me.

The consequences were grave.

I was forced to rewrite as much content as I could. However, some of these pages were top ranking Google pages that generated traffic and revenue.

The result? Considerably less revenue for a minimum of 6 months while I rebuilt my site from it’s early framework. I lost thousands of dollars in a matter of minutes.

Experience after Wealthy Affiliate SiteSupport:

I installed a generic plug-in update that was corrupt. It erased all the posts that I had incorporated social sharing buttons on (a large majority of them).

At first I remembered what happened my first time that content was lost and expected to see greatly reduced revenue.

However, I immediately thought to contact SiteSupport.

SiteSupport at Wealthy Affiliate responded in a little under 3 hours stating that they had fully restored my website to its previous state before the update was installed. I lost no content, all my search engine rankings remained intact, and the result was no lost revenue.

Without Wealthy Affiliate I could have lost thousands. I am forever grateful that I did not have to experience a terrible site loss like this once again.

If you choose Wealthy Affiliate, you can also be confident that you will not have any issues when it comes to SiteSupport.

Part 4: Affiliate Commissions

The last pillar of Wealthy Affiliate would be its excellent commission structures for Affiliate referrals.

No other well established internet marketing university, community, and hosting platform offers the lucrative income generating opportunity that Wealthy Affiliate does.

In addition, if you refer 300 or more people in one year, you can join the rest of the top affiliates in the community in Las Vegas for an all expenses paid vacation and conference.

Here you will learn more creative strategies and discuss with others how you can continue to scale your affiliate marketing site.

If you want to learn more about Affiliate Marketing you can read up on how to monetize your website here.

Conclusion

You are probably wondering at this point what this Free Membership looks like, what your options are, and how you sign up and give it a try.

I encourage you to take a look at the Membership Options outlined below.

Now that you have seen what Wealthy Affiliate has to offer you, click on the banner at the bottom of the page and sign up for at least a free account.

If you love Wealthy Affiliate, or if you hate it, drop me a line in the comments at the bottom of this page and I will personally respond.

As I said before, my purpose when I started all of this last year was to help ordinary folks like you and I generate enough secondary income to allow full financial freedom at any age.

I am turning 25 soon.

I have traveled the world.

I work from wherever I please, and if I didn’t love innovating, research, and development, I would likely quit my day job.

Join me at Wealthy Affiliate and share the amazing opportunity that thousands around the world have been given. You’re next.