401K LOL

what a joke.

I'm not an investment guru. I just know people that own their own business and get a lot of their expenses written off as business expenses.

@machtyn Then why can't individuals simply decide next Tuesday that the exchange market is dogshit and stop having faith in it?

@Seven Of Swords All governments are socialized to a specific degree. Small governments provide base necessities of a nation (military, police, courts). Less services = less taxes.

Penalties when you lay your hands on your money? Bank stealing since they are babysitting it?

so you get the company to pay for things like your car and then that becomes tax deductible.

Fees?

@machtyn Why don't people just stop believing in government?

Fuck that steaming bullshit

@Lilu I will look into that. LLC/Sole Proprietor?

@Seven Of Swords Because people are fucking weak.

Hmmm...

We killed religion so government has become it. Women don't need fathers anymore because of government.

@Seven Of Swords Tell that to the people in Venezuela LOL

again I'm not the guy to ask. I'm just saying if you want to pay less in taxes then you need to work for yourself

A lot of reasons my dude.

JUNYOR AFK,,, Will be thinking of you all.

Not really work for yourself. Own a business or start investing smart

maritime work for example is free from income tax since the labor is done on the open seas.

Ya there are a million ways

@IceRGodZ How do you own a business?

Employment, self-employment, business man, investor

@IceRGodZ I disagree. I don't need to ever touch my 401k and I contribute tax-free and it grows tax-free. When I retire my income will be small so taxes will be small. I invest in low-fee (0.04%) etfs that return 12% (past 20 years).

the point is that the blue pilled sheeple path is slavery

ESBI

@IceRGodZ Explicitly explain every step of the process in order to achieve that end, in significant detail please.

I thought the bank changes fees for 401K

and they babysit your money

if you want freedom you have to look for freedom. If you are looking for what is holding you back you can only find limitation.

@Seven Of Swords Find a product, service or information to sell. Contact local government for licensing fee (less than $200). Start selling.

Or go sole proprietor and just sell using your SSN instead of an "EIN" or whatever it's called.

You could learn a trade or become a handy man and do work for cash

@IceRGodZ Fuck no. I have my 401k in a brokerage. There are "active management funds" with insane fees where they fuck you. I do "passive investing." Google "The simple path to wealth .pdf" and enjoy 😉

@Lilu You are at risk if you become too successful though.

Cash or not, you "owe" a % to the gov.

@machtyn So just start selling shit with a 200 dollar investment that you don't know if you will be successful or not? Running a business costs more than 200$ so any attempt to build the business that is more than the license means that you lost more than you put in. Unless you suggest to take out a loan and get into debt based upon nothing more than a "maybe"... which seems very unwise to me.

If you're on their radar you get fucked.

I have to jump in the shower and then head out guys. So I'll TTYL.

@Seven Of Swords It depends on the business. If you make an e-book, youtube videos, website it will cost nothing (static sites hosted on GitHub Pages with Cloudflare is free). If you make physical products, yes, it will cost more. If you sell your services it depends. You can start paying nothing and as you start making more and more money getting an LLC or S-Corp may be beneficial for taxes. Then, it will cost $200. You can start a business without any license (depending on the business - selling food is regulated and so depends on laws).

Like @Lilu said - you could become a tradesman in a union/open shop for 5-10 years to gain skills then whenever you feel skilled enough you can become your own "shop" and compete in the market.