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Milan Singh


🤑Top Finance Creator | 6M+ Followers 📧contact@milanmedia.co 🔥Free Stuff ⤵️


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4 posts


💯 5 things to do by 25

By the age of 25, the prefrontal cortex in your brain is fully matured and developed, gaining you full access to self-awareness, the capacity for complex planning, problem-solving, learning and memory, executive functions, personality expression, decision-making, and modulation of social behavior. This means that you need to stop hiding behind excuses and get your life together. Here are 5 things to think about if you’re over 25 years old:

1. You can’t be broke anymore. Learn how to manage your money and start building your wealth.
2. Be your own hero and best friend. Stop waiting for someone else to save you. Do things for yourself that will make you happy and healthy.
3. Dedicate yourself to your craft. Discipline is important if you ever want to reach your goals.
4. Learn to say no. It’s better for you than you may think.
5. And finally, stop caring what other people think. Chances are, they’re not thinking about you anyway.

Disclaimer: My content is for educational purposes only, this is not financial or any other advice.

#finance #personalfinance #money #fintok #moneytok #learnontiktok #personaldevelopment #growthmindset
💰 Why rich people drive Range Rovers and G-Wagons

You might think that the rich drive Range Rovers to look cool but there’s much more to this. Under section 179, you can actually write off any car that weighs over 6,000 pounds as a business expense and pay less taxes.

The Section 179 Deduction is a tax incentive for businesses to invest in equipment, machinery, and vehicles that are used for their business operations. This can significantly reduce their tax bill and help them reinvest in their business. The deduction is available for a wide range of items, including cars, trucks, and SUVs that weigh more than 6,000 pounds and are used primarily for business purposes (at least 50% of the time).

Please keep in mind the bonus depreciation was decreased from 100% to 80% for 2023.

Remember to always consult a tax professional, this is not advice and the codes are always being updated.

Here's a partial list of SUVs and Trucks that might qualify for a tax deduction:

Audi 07
Buick Enclave
Cadillac XT5. XT6. Escalade
Chevrolet Silverado. Suburban. Tahoe. Traverse
Chrysler Pacifica
Dodge Durango, Grand Caravan
Ford Expedition, Explorer, F-150 and larger
GMC Acadia, Sierra, Yukon
Honda Pilot 4WD, Odyssey
Infiniti Qx80.0X56
Jeep Grand Cherokee
Land Rover Range Rover, Discovery
Lexus GX460. LX570
Lincoln MKT AWD, Navigator
Mercedes-Benz G550, GLS, GLE, Metris, Sprinter
Nissan Armada, NV 1500, NVP 3500, Titan
Porsche Cavenne
Tesla Model X
Toyota 4Runner, Landcruiser, Sequoia, Tundra

Disclaimer: My content is for educational purposes only, this is not financial or any other advice.

#finance #personalfinance #money #fintok #moneytok #learnontiktok #Section179 #taxwriteoff
🤯 How to prepare for emergencies

Times are tough and emergencies are more frequent these days which is why building your emergency fund should be your
#1 priority right now. While you’re able to work and earn, be sure to start building a fund worth 3 - 6 months of your expenses. This will help you sustain your life in case of any natural disasters, health scares, or economic collapses.

Once you have built your emergency fund, you can store it away and earn passive income. But a regular savings account at a bank won’t do much for you. Be sure to put your money in a High Yield Savings Account so you can earn more on your savings. You can sign up for one through the link in my bio (milansingh.co/sofi) to start building your wealth today!

Disclaimer: My content is for educational purposes only, this is not financial or any other advice.

#finance #personalfinance #money #fintok #moneytok #learnontiktok #emergencyfund #savings #wealth
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