This video will intrigue Finance for Non-Finance professionals as it’s about how to generate white money after demonetization. So, watch this entire video to know more.
Ladies and gentlemen boys and girls welcome back to finance tube this is your friend and finance guru vishal tucker back again yet with yet another interesting topic today’s topic of discussion ladies and gentlemen is how to generate white money now let me tell you right at the start that i am not gonna tell you what to do with your black money or what to do with
Those old notes the idea is going forward we are starting afresh now when you start afresh it is very essential for us to know that how can we avoid such kind of disasters in future so here you go robert kiyosaki has made a quadrant which has four sides called cashflow quadrant in which he explains four types of people number one employees number two self-employed
Number three business owners and number four investors all the four quadrants have different tax impact employees are the most tax people on this earth so for them to generate white money is the most expensive one but nonetheless it is easiest why because their employers did up pds from their salary and they already get post-act salary in their bank account so there
Is nothing much that an employee has to do to generate white money most of his money that he gets into his bank account as a salary is already white for people who are self-employed they have to make sure that there is necessary invoices to their clients accept money from their clients in check or via a bank transfer and make sure that clients are deducting pds
From the payments that they are making to the self-employed people when it comes to business owners this is the greatest area of all and the challenge which was faced by our government was to bring the businesses under the tax neck because business is one area where maximum amount of black money was generated how can a businessman generate more white money simple
Till date businessman had two choices show less income show less expenses and show less profit and pay less tax another choice was show more income claim legitimate right expenses bring down the profit and again show less tax well the easier way was the first one why because no records to be maintained no vouchers to be kept no need to go to a hotel and ask him
To give a paid bill but from now on businesses will have to do all of this because then only they can show a white income and still end up paying less tax because for an employee it is salary minus tax is equal to his disposable income but for a business it is income minus expenses and there is tax on whatever is left for an investor who has a portfolio income or
Passive income if he does proper tax planning he can generate white money by paying as low as zero percent tax legally for that you can watch my other video which talks about how to legally save tax so these are some of the tips how you can generate white money going forward any kind of shady transactions where people come and tell you we will convert your black
To white or there is a shortcut or there is a short short way in which the government will not catch you please beware of them these are the people or these are exactly the people who can put you in trouble live the right way live a principled life be a transparent person that way you will go a very very long way in not just there helping this country but also
Developing yourself you will have clear conscience and good night’s sleep as of you are a finance tube it is very very essential that you create wealth generate white money legally in life there are two types of pain that we all have to go through either we go through the pain of discipline or a pain of regret which one do you want to end or the choice is yours
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How to Generate White Money? | Finance for Non-Finance Professionals By Finance Tube
