Clockwork

Originally Posted by Winston001

Just a quick note: if you aren't making a profit, you aren't making money. The problem is many people think what you express above - I used to as well.

Here's how it actually works: you buy a block of land or building. You borrow the money. In the first year you make mortgage payments of $20,000. You think you can deduct all of that from your gross business turnover right? Wrong. Lets say $10,000 is interest - that is deductible. But the other $10,000 is reduction of debt - and that

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