Update wording
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@ -65,7 +65,7 @@ global $language, $dir, $locale;
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<h3><?php echo _('Become self-employed'); ?></h3>
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<p><?php echo _('As a self-employed person, you are much more flexible and have a much higher potential to grow. At the same time, it\'s also very risky. Don\'t quit your job and get self-employed straight away. Instead, talk to your employer and get an agreement that you can work alongside your primary job. The beginning will be difficult, but after a while, you will get your first clients and can grow. If your self-employment is going well, start reducing the hours you work in your primary job. Take a day or two off, to work on your own business. When you have reached the point of working at full capacity and earning as well, or better than in your primary job, it is time to end your employment contract and become fully self-dependent.'); ?></p>
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<h3><?php echo _('Become an entrepreneur, build your own company'); ?></h3>
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<p><?php echo _('Operating as a company, gives you significant tax benefits compared to being self-employed. However, this also comes along with a lot more responsibilities, paperwork, and initial investments to set up your company. Thus you should only operate as a company, if you want to reduce personal liability or if your profit is much higher than your income needs to be. In that case, you keep any extra profit in the company or create a second holding company, to which you transfer the profit, and pay yourself a regular salary. As business taxes are lower than income taxes, you have more to invest as a business.'); ?></p>
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<p><?php echo _('Operating as a company gives you significant tax benefits compared to being self-employed. However, this also comes along with a lot more responsibilities, paperwork, and initial investments to set up your company. Thus you should only operate as a company, if you want to reduce personal liability or if your profit is much higher than your income needs to be. In that case, you keep any extra profit in the company or create a second holding company, to which you transfer the profit, and pay yourself a regular salary. As business taxes are lower than income taxes, you have more to invest as a business.'); ?></p>
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<h2><?php echo _('Make the money work for you'); ?></h2>
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<h3><?php echo _('Investments'); ?></h3>
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<p><?php echo _('Put aside a small portion of your income for investments. Even if that is just 10% or less. Put it into a separate account, so you don\'t get tempted to spend this money on anything else. When you are ready to invest this money, choose an investment platform that suits you and offers projects that you would like to invest in. This could be for example real estate, renewable energy projects, or startups. Investments are not risk-free and it is possible that an investment you made fails and you lose all your money. That is why you should diversify as much as possible. Use different platforms, invest small amounts, and spread it over multiple projects.'); ?></p>
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@ -87,6 +87,6 @@ global $language, $dir, $locale;
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<li><a href="https://seedmatch.de" target="_blank" rel="noreferrer noopener">Seedmatch</a></li>
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</ul>
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<h3><?php echo _('Passive income'); ?></h3>
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<p><?php echo _('After you\'ve made your first investments, you will receive a small percentage of your investment as a dividend. It varies with each investment. To keep it simple, let\'s assume that you earn 10% interest on average and you put 10% of your income into investments and 1/6 of investments fail. This would mean that after one year of investing every month, you would already get an entire month of your salary in dividend payments that year, which you can directly re-invest, along with your regular investments. Keep doing this for a few years and you can live only from your passive income streams.'); ?></p>
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<p><?php echo _('After you\'ve made your first investments, you will receive a small percentage of your investment as a dividend. It varies with each investment. To keep it simple, let\'s assume that you earn 10% interest on average, and you invest 10% of your income, and 1/6 of investments fail. This would mean that after one year of investing every month, you would already have saved an entire month of your salary and get 10% in dividend payments that year, which you can directly re-invest along with your regular investments. Keep doing this for a few years until you can live only from your passive income streams.'); ?></p>
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</main>
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</body></html>
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