How to avoid taxes?

Tax saving

Sounds strange.For most of people's it means that tax avoiding is  illegal.Because of this only when this topic comes to them they just ignores it completely.
Avoiding this means simply ignoring the ways to save money because of this misconception.But what if I say avoiding taxes legally?

Yes it's possible.By using loopholes in the policies and laws of the government.Rich peoples utilise these loopholes fully.

Tax

So Now I am gonna telling you why this is so important?

When your income rises then taxes on that income also raises.This scenario is most common for government employees but not so common for businessmen.
So here are few tips:
1.Do you have ever wondered why riches donate the most?Well the reason is,charity donations and donations for public welfare reduces their tax as I stated it is one of the loopholes.
2.As I said above you must have knowledge about the loopholes,it differs countrywise so my suggestion is one must have knowledge about financial policies and laws of that country.
3.Buying expensive cars,expensive apartments increases your tax so instead of that I suggest you to invest money in some business.
4.As some policies of government offers concession or reduced taxation on investing in such a business as stated above.Only thing is you must have knowledge about it.
5.Keeping all money in only one's name increases taxes so my suggestion is keep your money diversified.i.e.keeping it in multiple people's name.
This article does not give all ways but I think you have get a general idea about how it works.

Is it worth investing on home?

Investing on home

• I have seen a lot of people who thinks that investing on home is better of all, in investing which gives them more profit in future.Generally most of the people take loans from bank for investing in their home.Whatever they get extra they put all of their income in their so called 'dream home'.What actually they do is, they take large loans from bank and spend their entire life in paying that loan,which actually costs two to three times the borrowed amount.Also their house which they consider as an asset grows very slowly in comparison to inflation rates and the actual cost they have paid for the house including loan amount.So in order to stay away from this trap,one must find alternatives for investing his/her money so that it must grow more than inflation rates which earns you more profit.
• So here are the ways :
• 1.Learn about stock market
• 2.Invest in mutual funds .   
• 3.Avoid taking loans.           

                     4.Invest in buying stocks and bonds
Surely not only learning about these things will give you financial independence but it will also help you to get out of debt trap and this will also grow your money far more than inflation rates.
I hope you enjoyed this article.
BYE😊