Step 3: Choose one item and act. I get asked every day "why do some eBusinesses succeed where others never get off ground?" The answer is they take full advantage of leverage they can get out of their intellectual property. By choosing one item on your list to repurpose, and following through on it, you don't just create new products for your online shelves (a great thing in and of itself.) Simply by applying concept of repurposing, you increase value of time you spent creating your original offering.

Your time and energy are now "worth" more than before you read this lesson.

Fabulous, isn't it?

For all those who are dabbling in online world, but want to go big...good for you for starting a few things. You're right on track! Now your job is to repackage what you've got and serve your customers in as many ways as possible. Not everyone who goes out for breakfast wants their eggs scrambled. As an online business owner, your customers are waiting for you to offer them choice that suits them best, all way from sunny side up to eggs benedict and back again.

Repackaging existing intellectual property for long term online success has such a strong track record, I'm hard pressed to think of a truly successful online business that doesn't do it. So once you get hang of it, try going one step further and make sure new projects are developed with a good "repackageability quotient" from start. Every new product you create can and should have three or more uses. When that starts happening naturally, you'll know you've fully integrated this strategy into your online biz.

Get Creative About Your Investments

Another tax strategy is using IRS Code, Section 1031. Section 1031 says no gain or loss will be recognized in exchange of property held for use in an investment. This allows savvy investors to purchase a property and later exchange it for one of like kind. For those planning to retire this means you can purchase a second home as a rental property/vacation home and build your investment. At retirement you can then exchange property for dream home you have always hoped for and defer capital gains tax. The savings is incredible. Of course, real estate deals like this can be tricky so always take advice from a real estate professional and be certain all transactions are done legally.

On Your Way To The Retirement Plans You Hoped For

Retirement can be a stressful topic for many people. However, more and more middle aged Americans seem to be using forethought and common sense to build life they know they want to have after 65. Education, creativity, clear thinking, asking questions and knowing kind of future you want to invest in is way to achieve success. Using tax system strategically to reach your goals will lead to a retirement full of joy, comfort and quality time to do what truly matters. When you are ready to search for a second home, or a place to start your retirement, enlist help of a seasoned REALTOR. One that knows market of area you have targeted for your purchase and an SRES or ABR designation after their name. The SRES designation is most important qualification to help you find assistance you need. Now that you are ready don’t wait, start making your dreams come true!