Paying off debts has become an adage of the world since time immemorial. And with the COVID-19 pandemic still looming overhead, some economies are at a standstill, while others have fallen and unfortunately crashed. This circumstance has led to an endless cycle of borrowing money from more capable institutions but leaves poorer countries drowning.
With the debt crisis being an ongoing issue across the world, it is crucial that such an enormous financial problem should be addressed.
It has been found that what causes such a crisis is financial illiteracy. People continue to engage in debt without knowing the repercussions. That is why some people, like Kenneth Dennis, find it essential for individuals to be educated with financial management and help them manage their finances more efficiently.
Kenneth Dennis is no stranger to paying off debts. When he experienced first-hand how debts gravely affected him, it was enough of a motivator to become better in handling his finances. By the time he equipped himself with the knowledge, he had then ventured into a business that helped him pay off his previous debts. When success greeted him as a friend, he was determined to share his stories of successes and failures to individuals who struggle with financial crises.
When Kenneth was still a budding entrepreneur at the age of 22, he started venturing into a retail business, which he called Raeken. It sold brands like WESC, Mink Pink, Ray-Ban, etc. It looked promising, but when the company garnered zero income, Kenneth was drowned with debt. He eventually stopped running the business.
It seemed like it was the end for Kenneth, but his determination to succeed never wavered.
After studying the ropes behind marketing, he then opened a marketing agency which paved the way to his successes and eventually paid off his previous debts.
The marketing agency became a stable success for Kenneth. However, his activities in the company became routine, and Kenneth eventually grew tired of it. He began looking for other ventures that can maximize his know-how in the industry.
That is when he decided to create his company, the Tax Reduction Program.
Together with his mother, who is an accountant, they ran the business with zero investors and venture capital funding. Admittedly, it was a difficult start for Kenneth and the company. But his desire to alleviate financial problems was more important than anything, so he kept going until they signed their first client.
After several years, the Tax Reduction Program has become a seven-figure education business that helps struggling individuals and entrepreneurs save money on taxes.
To this date, the Tax Reduction Program continues to materialize its mission one individual at a time by educating them on the ropes behind managing finances and dealing with taxes. Kenneth hopes to expand his reach and help more people from drowning in debt, especially now that most of the world’s economies are wallowing in it.