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	<title>Michael Cheney BlogSuckerpunch from Mr. Tax Man &#8211; Michael Cheney Blog</title>
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	<link>https://michaelcheney.com/blog</link>
	<description>Marketing. Uncovered. with Michael Cheney</description>
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		<title>Suckerpunch from Mr. Tax Man</title>
		<link>https://michaelcheney.com/blog/2016/01/25/suckerpunch-from-mr-tax-man/</link>
		<comments>https://michaelcheney.com/blog/2016/01/25/suckerpunch-from-mr-tax-man/#respond</comments>
		<pubDate>Mon, 25 Jan 2016 09:27:13 +0000</pubDate>
		<dc:creator>Michael Cheney</dc:creator>
				<category><![CDATA[General]]></category>
		<guid isPermaLink="false">http://michaelcheney.com/blog/?p=3330</guid>

				<description><![CDATA[I thought I was gonna be sick. I stood at my letterbox with the brown envelope in my hands staring in wide-eyed disbelief; &#8220;You owe $118,392 in tax.&#8221; The year was 2007. And back then $118k was a lot of money for me (still is &#8211; but now, unlike then, I could just take it [&#8230;]]]></description>
					<content:encoded><![CDATA[<p><img loading="lazy" src="https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720-300x206.png" alt="calculator-23414_960_720" width="300" height="206" class="alignright size-medium wp-image-3269" srcset="https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720-300x206.png 300w, https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720-768x528.png 768w, https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720-760x523.png 760w, https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720-518x356.png 518w, https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720-82x56.png 82w, https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720-600x413.png 600w, https://michaelcheney.com/blog/wp-content/uploads/2016/01/calculator-23414_960_720.png 960w" sizes="(max-width: 300px) 100vw, 300px" />I thought I was gonna be sick.</p>
<p>I stood at my letterbox with the brown envelope in my hands staring in wide-eyed disbelief;</p>
<p>&#8220;You owe $118,392 in tax.&#8221;</p>
<p>The year was 2007.</p>
<p>And back then $118k was a lot of money for me (still is &#8211; but now, unlike then, I could just take it from one of my bank accounts).</p>
<p>It was a perfect storm.</p>
<p>Thanks to lack of accounting advice and lack of foresight on my part I&#8217;d had my most successful year to date the year before but not realized the tax juggernaut which was heading my way.</p>
<p>My head was spinning;</p>
<p>&#8220;What can I do? How could this happen? Where can I get this kind of money?&#8221;</p>
<p>I was in the shit.</p>
<p>All the money made the previous year had been spent.</p>
<p>So I did what all internet marketers do when they want a truckload of money fast &#8211; I sold a new digital product.</p>
<p>It paid off.</p>
<p>The product did $1.9m gross in a few days.</p>
<p>I paid off the tax, bought a new house mortgage free and from then on always have a high interest account where I stick 60% of my income for tax or other nasty surprises.</p>
<p>The lesson?</p>
<p>You need to have your own products to sell so you can make money on demand too.</p>
<p>And the easiest way to do it is to invest in PLR products where you get everything done for you and you just keep the money.</p>
<p>Like this;</p>
<p><a href="http://www.michaelcheney.com/done-for-you/">http://www.michaelcheney.com/done-for-you/</a></p>
<p>&nbsp;</p>
<p>c) Copyright 2015. All rights reserved. Please do not try to copy or swipe this because even my lawyers have lawyer</p>
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