When a newbie asks these questions to ask at Bitcoin Billionaire, he/she is most likely not yet so successful as the founder. The newbie probably wants to learn all about how to make money with Bitcoin before making their first purchase. It is also possible that they are worried about how their new-found wealth could be taxed.
You can live very well and safely without ever paying any taxes in your own country. However, it is only for people with lots of money. As I understand it, you have to do something to actually “make money” before you can be considered rich enough to have no taxes.
Being rich does not mean that you can throw money around like you want, buy things you don’t need or run your business the way you want it to be run. It means that you get to earn enough to pay the taxes on it, just like you would with any other type of wealth. People who run businesses legally don’t need to ask questions to ask at Bitcoin Billionaire questions; they are just as rich as everyone else and will make it as they go along.
In other words, if you work hard and are smart, you can earn more money than you really need to spend. Then you put the extra money away to become wealthier. Wealth that is used to buy stuff is called income. When you have good wealth and work hard, you can turn that wealth into more wealth.
Some people work hard at everything they do, but only to find that they don’t have the time to enjoy the life they deserve. This happens to millions of people every day. Instead of adding to their assets, these people are working to be poorer instead.
They are also having to pay out more money to get less cash flow. They are also paying taxes based on income that doesn’t exist. If they live in a country that taxes only sales or gross receipts and does not tax selling prices, they are going to have a problem. They have to add the actual selling price to their income to make the taxes equal.
Then there are some people who set up websites, like one of those services where you just have to pay a fee and write a few articles and receive cash from ads on your site, then spend a few hours a week doing marketing work. Those people have to create cash flow and they can’t pay anyone to do that.
In order to be truly wealthy, you have to give some of that cash flow to someone else, so that they can become wealthy. Not all people can give like their parents or grandparents did, so this can’t be the standard. If you can, you will become wealthier and those questions to ask at Bitcoin Billionaire should be asked of you.