Offshore Bank Account For Us Citizens
Since your "forget" to tell the IRS about the income, where are you going to say it came from? Oh, you "forgot" the $50,000 that you had stashed in a Cayman Island Bank? As the kids say, "Ya, right" Or my spouse put the money in the offshore account and he didn't know that we had to report it on our tax return!
One advantage of opening an offshore bank account is privacy. Banks need all the information to open an account but these will never be accessible to third parties. You will have to be informed should anyone try to access your information.
Always try to trace what the organization that is behind the website actually does and consider whether it fits your bill. In my experience, offshore banking websites can be classified into 3 broad categories.
If you listen to the most successful mentors you will always hear of their willingness to dig deep into their offshore banks, and in many cases go far into debt to reach the highest levels of achievement. If you think you might be an exception.Good Luck!
Make sure you are not only working on your business, but you are also working on "Yourself". You should be reading either self improvement material, or books that grow your ability to market daily (at least 10 pages).
For example, what percentage of your income do you want to save? What percentage goes for groceries and upkeep of the home? What percentage goes to your church or charity? What percentage goes to your parents and so on?
