Hello friends,

Warm welcome to our new friends of Sophie’s Newsletter!

Health first

Have you ever noticed there are nights you’re awake right before the storm hits? It’s hard to sleep when you sense something in the air? It’s usually the air pressure sending an alert to our body to stay awake, it’s an instinct to protect ourselves! But also the light, the sound.

We had a storm and I woke up too early, couldn’t go back to sleep so I was reading “The power of one more” by Ed Mylett.

Those are what I wrote like 3 months ago, but I did not send out.

Now I just got an improvement to my sleep, which I have been wanting to try for a long time, that’s Eight Sleep system, which is recommended by a lot of famous people in health and wealth. Because, it’s kind of expensive, but I know people spent a lot on beds and mattress because sleep is so instrumental to recovery and having a productive and overall a happy day.

Wealth next

Imagine you invest $1 into a magical investment account your money just got double every year for the next 20 years.

Year 1 = $1, Year 2 = $2, Year 3 = $4, Year 4 = $8, Year 5 = $16, Year 6 = $32, Year 7 = $64, Year 8 = $128, Year 9 = $258, Year 10 = $516. Year 11 =$1,031 …

At Year 20, you will get $1,048,567

That’s the power of compounding.

But if you pay 34% in tax yearly.

At year 20, guess how much you’ll get?

It’s just $47,000

That’s why tax is crucial in building wealth.

At my tax practice, I’m currently talking to so many clients who’s making more than $400,000 a year to help plan their tax. With most people we can easily save them on a low end of $30,000 and on the high end is more than $200,000.

I thought it’s pretty cool to ask people what do they do with that money that they can get back into their pockets now instead of donating to the IRS.

A big portion of people say they’ll invest back into their businesses or invest into a side hustle or real estate to get out of their W2.

No wonder they’re making a lot more money than most people.

I was at a tax conference in San Francisco last week meeting with great people and really was open my eyes to the whole industry of tax. After that I went for a short mastermind with my business partners in the beautiful Tahoe lake. We set big goals and ready to work hard after the trip. I’m so exited for what coming!

Growth always

It’s hard to see growth looking forward, but if I look back to the past, I can always see the tremendous growth I experienced.

Lots of growth are actually happening during the most difficult times. For me it was Covid-19, I lost my best friend AT Nguyen and lost all my restaurant business.

Another difficult time was when our family income was disappearing into thin air by real estate market change and job loss.

Both time I had to learn how to grow by being more humble and grateful, give more and ultimately love more.

I wish you always grow into love and gratitude.

I also want to share these water crystal pictures from the recent book I read: The Hidden Messages in Water by Masaru Emoto

Again please forward this newsletter to someone you think might enjoy reading this.

Cheers,

Sophie

Disclaimer: Nothing in life is guaranteed. Be a smart person and seek advice from qualified professionals before you make any investment decision. Linked items may create a financial benefit for Sophie Nguyen.