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Mike Mancini shares a quick five-minute hack to solve the problem of dealing with boxes of receipts at the end of every month or year. He explains how he accumulates receipts from various activities and how he used to store them haphazardly in a box, leading to a tedious process during tax season. In addition to physical receipts, he receives multiple receipts in his email inbox daily, adding to the hassle. This hack aims to streamline the process and simplify managing receipts effectively for business purposes.