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Riyaz Mohammed
3 w

Details for webinar -

Topic: ALMPG - How to aggressively find a job?
Time: Apr 20, 2025 110 AM Eastern Time (US and Canada)

Join Zoom Meeting
https://us06web.zoom.us/j/8457....6999497?pwd=5Py85Do6

Meeting ID: 845 7699 9497
Passcode: 111222
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+16465588656,,84576999497#,,,,*111222# US (New York)

Launch Meeting - Zoom
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Zoom is the leader in modern enterprise communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems.
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Hafsa Taskeen LNU

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Thanks for sharing, is there a recording available?
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Faiz Ateeq

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Please share if recording available ?
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Riyaz Mohammed created new event
4 w

20 Apr

How to aggressively find a Job !

04/20/25    04/21/25
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Saleem Khan

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Interested will join thankyou !
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Riyaz Mohammed

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Click on Join Button who are going to Join the event . All those who joine we will send the webinar login details
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Shafayat Alam

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I don't see the "Join" button. Is the event closed?
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Riyaz Mohammed
17 w

Diversifying Income: The Power of Seven Streams

In today’s rapidly evolving financial landscape, relying on a single source of income may no longer be sufficient. Diversifying your income streams is a key strategy to build wealth and secure financial stability. Here’s a breakdown of seven types of income you can explore to strengthen your financial portfolio:

1. Earned Income
This is the most common type of income, which you earn through a job or business. It’s the paycheck you receive for your time and effort. While this is the starting point for many, it’s crucial to think of it as a stepping stone toward other income streams rather than the sole source of your livelihood.

How to Maximize It:
* Focus on career development, acquiring new skills, and seeking promotions.
* Consider side hustles or freelancing to boost your earned income beyond your 9-to-5 job.

2. Stock Income
Investing in stocks allows you to grow your wealth by buying shares of publicly traded companies. When these companies perform well, the value of your shares increases, providing capital gains.

How to Get Started:
* Begin by educating yourself on stock market basics.
* Start small, investing in diversified index funds.
* Gradually build a portfolio and consider individual stocks as your knowledge grows.

3. Real Estate Income
Real estate remains one of the most reliable ways to generate income. You can earn through property appreciation, flipping properties, or renting them out.

How to Invest:
* Start with residential or commercial properties in growing markets.
* Consider Real Estate Investment Trusts (REITs) if direct ownership seems daunting.
* Leverage rental income and potential tax advantages to increase profitability.

4. Dividend Income
Dividend income comes from owning stocks in companies that pay dividends—periodic payments made to shareholders out of a company’s profits. This is a passive income stream that grows over time.

Building Dividend Income:
* Invest in well-established companies with a history of paying consistent dividends.
* Reinvest dividends to buy more shares and compound your returns.
* Focus on dividend yield and payout ratios to choose the best stocks for long-term income

5. Rental Income
This is a subset of real estate income but specifically involves leasing property to tenants. Rental income can be a steady, long-term cash flow if managed well.

What to Look For:
* Invest in properties in areas with high rental demand.
* Ensure your rental property is well-maintained and properly managed.
* Consider short-term rentals through platforms like Airbnb to potentially increase earnings.

6. Business Income
Owning a business or a share in a business can be a significant source of income. Whether it’s a small side business or a stake in a larger enterprise, business income can grow exponentially with the right strategies.

Getting Started:
* Identify your passion or expertise and turn it into a business.
* Explore partnerships or investments in other people’s businesses.
* Consider online businesses that have lower startup costs and can scale globally.

7. Royalties/Licensing Income
Royalties or licensing income comes from allowing others to use your creations, ideas, or intellectual property. This could be anything from books, patents, trademarks, or even software.

Steps to Create Royalties:
* If you’re a creative professional, publish your work and license it to others.
* Invest in intellectual property or franchises that pay royalties.
* Look into digital products or content that can generate ongoing revenue.

Conclusion

Building these seven income streams can provide financial security and independence. Start by focusing on one or two sources that align with your skills and interests, and gradually diversify into other areas. Remember, the key to success is consistency, education, and a willingness to adapt as opportunities arise. With a well-rounded income portfolio, you'll be better equipped to handle financial challenges and achieve your financial goals.

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Riyaz Mohammed
17 w

Welcome to elektro-byte EV Project Demo. Please make sure to join in using this zoom link on 11JAN,2025 10AM to 11AM

Agenda for Demo:
* elektro-byte Introduction
* EV Controls Project
* Testing
* Software & Hardware tools used in the Project
* Jobs and Marketing
* Registration for Project

Syed Muzammil is inviting you to a scheduled Zoom meeting.
Join Zoom Meeting
https://zoom.us/j/93052810620?....pwd=FqlGpkZn1zk8efW0

Meeting ID: 930 5281 0620
Passcode: 563732

Demo Details:
https://elektro-byte.com/event....s/ev-project-demo-se

Meeting Registration - Zoom

Welcome! You are invited to join a meeting: EV Project - Demo. After registering, you will receive a confirmation email about joining the meeting.
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humza sayeed

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Salam I missed this meeting is there a recording or how i can reachout to you I have some questions thanks
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Riyaz Mohammed
24 w

Unlocking the Power of Your 401k for Maximum Tax Savings

The end of the year is quickly approaching, and now is the perfect time to take a closer look at your 401k. Whether you're a seasoned investor or just starting out, understanding how to optimize your 401k for tax purposes can make a significant difference to your wealth-building strategy. Today we will break down the key points to maximize tax savings, uncover potential loopholes, and provide actionable steps you can take before December 31st.

What is a 401k?
A 401k is a retirement savings plan offered by employers that allows employees to save and invest for retirement on a tax-advantaged basis. Contributions can be made on a pre-tax basis (traditional 401k or on an after-tax basis (Roth 401k). Here's how they help with taxes:
* Traditional 401k: Contributions reduce your taxable income today, but withdrawals in retirement are taxed.
* Roth 401k: Contributions are taxed upfront, but withdrawals during retirement are tax-free (including earnings).


How to Maximize 401k Tax Savings Before Year-End

1. Contribute the Maximum Amount
For 2024, the contribution limit is $22,500 for employees under 50 and $30,000 if you're 50 or older (thanks to the $7,500 catch-up contribution). Every dollar you contribute reduces your taxable income, which is especially helpful in high-income years.
2. Take Advantage of Employer Matches
If your employer offers a match (e.g., a 50% match on contributions up to 6% of your salary), make sure you're contributing enough to get the full match. Otherwise, you're leaving free money???and tax-deferred growth???on the table.
3. Consider Pre-Tax vs. Roth Contributions
If you're in a high tax bracket today, focus on traditional 401k contributions to lower your current taxable income. If you're in a lower bracket now but expect higher taxes in retirement, consider contributing to a Roth 401k for tax-free withdrawals later.
4. Defer Bonuses and Raise Contributions
If your employer offers year-end bonuses, see if you can defer part of it into your 401k to maximize contributions. Even a small increase in your contribution percentage before year-end can make a difference.


Tax-Saving Loopholes You Should Know

1. Mega Backdoor Roth Contributions
If your employer allows after-tax contributions to your 401k, you may be able to contribute up to $66,000 in total contributions (including employer matches, pre-tax, Roth, and after-tax contributions). Once the after-tax contributions are made, they can be rolled into a Roth IRA, allowing for significant tax-free growth.
2. 401k Catch-Up Contributions
For high earners over 50, the $7,500 catch-up contribution is invaluable. Make sure you're taking full advantage of this extra room to defer taxes and grow your retirement savings faster.
3. Required Minimum Distributions (RMDs)
If you???re 73 or older, you???ll need to take RMDs from your 401k to avoid penalties. However, if you???re still working and contributing to your employer???s 401k, you may be able to delay RMDs from that plan. This is a key way to extend tax-deferred growth.
4. Leverage Tax Credits
The Saver???s Credit allows low- to moderate-income earners to claim a tax credit of up to 50% of the first $2,000 contributed to their 401k. Married couples can claim up to $4,000. Be sure to check if you qualify.
5. Roth Conversions
If you're retiring soon and expect to be in a higher tax bracket later, consider rolling some of your traditional 401k funds into a Roth IRA while you're in a lower-income year. This creates tax-free growth for the future.


Tips for Business Owners with Solo 401ks
If you're self-employed, a Solo 401k offers a unique opportunity to maximize tax savings:
* Contribution Limits: You can contribute as both an employee (up to $22,50 and employer (up to 25% of your income), with a combined limit of $66,000.
* Catch-Up Contributions: Add an extra $7,500 if you're 50 or older.
* Tax-Deductible Contributions: Contributions as the employer reduce your business income, providing a significant tax benefit.

Action Steps Before December 31st
* Review Your Contribution Levels: Check your pay stub to ensure you???re on track to max out your 401k. If not, increase your contribution rate for the rest of the year.
* Ask About After-Tax Contributions: If your employer allows them, start exploring a mega backdoor Roth strategy.
* Review Employer Matching Policies: Confirm you???re getting the full match, and adjust contributions if needed.
* Plan a Roth Conversion: If your taxable income is unusually low this year, convert some traditional 401k funds to a Roth IRA to lock in a lower tax rate.
* Speak with a Financial Advisor: A tax or financial advisor can help you strategize based on your specific circumstances, ensuring you optimize your 401k and overall tax plan.

Final Thoughts
Your 401k isn???t just a retirement savings tool???it???s one of the most powerful tax-saving strategies available to you. By maximizing your contributions, exploring advanced strategies like mega backdoor Roths, and taking advantage of credits and deductions, you can keep more money in your pocket and set yourself up for financial success.

As the year comes to a close, don???t leave money on the table. Take action now, and let your 401k work harder for you in 2024 and beyond. If you have questions about 401k strategies or need help with year-end financial planning, reach out to your financial advisor or tax consultant??today!

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Riyaz Mohammed
33 w

How Islamabad-Based Agritech Fresh Box Is Transforming Pakistan's Agriculture
The core of Fresh Box's mission lies in developing a comprehensive agriculture platform that integrates artificial intelligence and data analytics to make informed, data-driven decisions.
https://www.entrepreneur.com/e....n-ae/starting-a-busi

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The core of Fresh Box's mission lies in developing a comprehensive agriculture platform that integrates artificial intelligence and data analytics to make informed, data-driven decisions.
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