Hi everyone I’m new to the club, and I’m here to lend money. I have a question. Is it better to get paid monthly or yearly? what are the pros and cons of each? I heard if you get paid monthly you have to pay taxes on that money that year, but if you wait till the end of the year, you pay taxes next year. I also should mention that I am not yet in the whole life insurance yet, apparently my sugar is higher than they would like, but I’m going to a specialist to get that under control. I think one of the pros of getting payments monthly would be that if I loaned out 100,000 and got back 35,000 so far and someone wanted to borrow 35,000, I wouldn’t have to wait till the end of the year to lend out more money. Please share your thoughts on this topic, I value your opinions, thanks in advance.
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