The Wealth Algorithm for IT Consultants: The Independent Consultant's Guide to Maximizing Revenues, Tax Efficiency, and Retirement Planning (Hardcover) (ISBN-13: 9781988179704)

Whether you're already an independent IT consultant or considering becoming one, you probably have some questions and concerns about your finances: how can you make the most of your money, minimize your taxes, maximize your returns, and protect your personal and family wealth for the future? Perhaps you're thinking about retirement and wondering whether you'll have enough to see you through your later years. Or maybe you're earlier in your professional journey, and you simply want to enjoy the benefits of your hard work now without worrying whether you'll have enough money for times when you're "between clients."

Independent Consultants like you are typically a lot better off than the average Joe (or Jill), which means you get approached a lot more than most people by financial advisors. But how do you know whether the advice you're getting is not just right, but right for you?

The key is to realize that you're not just a consultant; you are also a business owner. And as a business owner, you get to play by a whole different set of rules when it comes to planning your finances and paying your taxes.

Inside the pages of this book, you'll discover seven Broken Paradigms: standard advice and ways of thinking that the finance industry applies because, most of the time, they work (if you're a salaried employee). But they break when advisors apply those paradigms to an incorporated business like yours. The result is a financial environment in which many Independent Consultants miss out on investment opportunities, accept lower returns than they could be making, and pay more tax than they should.

Eric Chevrette has dedicated his career to helping independent professionals to take full advantage of the benefits and advantages they enjoy as business owners. So, by the time you've read this book, you'll have all the information you need to know whether you're getting the right advice, and to address those critical questions and concerns.