My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Using business credit cards with high cashback rates for large business expenses
Why It Works
Credit card rewards are considered rebates by IRS, not taxable income, providing tax-free cash flow
Prerequisites
How to Execute
Research business cards with highest cashback rates for your spend categories
Ensure you can pay full balance monthly to avoid interest
Track cashback earnings as rebates (non-taxable)
Consider paying taxes with credit card if cashback exceeds processing fees
When It Fails
When carrying balances (interest exceeds cashback), when personal credit is damaged, when cashback limits are too low for spend volume
Real Example
“Business owner putting $2M annual ad spend on 2% cashback card, earning $40K tax-free annually”
Related Knowledge
Healthy Indian Grocery Chain
Traditional Indian grocery stores stock primarily fried, high-carb, low-protein foods that contribute to 4-6x higher rat
Tax Code Business Owner Advantage Framework
The US tax system is intentionally structured to provide significantly more tax reduction opportunities for business owners and real estate investors compared to W2 employees.
Four-Component Happiness Framework
A systematic approach to happiness based on four core environmental and behavioral components that drive well-being.
Maximize tax-free gains on startup exit beyond the standard $10M QSBS limit
$30M+ in tax-free gains instead of $10M limit through strategic distribution to family members and trusts
Find and manage a proactive tax professional who provides strategic value year-round
Quarterly strategic tax planning sessions, proactive recommendations, and significant annual tax savings that exceed pro
Money as Freedom From vs Freedom To
True financial freedom means money no longer controls your decisions, rather than simply being able to buy anything you