Why I Shut Down My Channel (The Story I’ve Never Told You)
Teaching Millionaires
👉 Join the waitlist for my book The Encouragement Economy: 👉 Connect in our private Facebook group: Why I Shut Down My Channel (The Story I’ve Never Told You) — After building a growing YouTube channel, a thriving business, and reaching net worth millionaire status, I shut it ALL down overnight. No more videos. No more income. No more teaching. This is the real story I’ve never fully shared — until now. In this video, I open up about: ✅ Why I walked away from teaching, YouTube, and my business at the peak of success ✅ How burnout, trauma, and mental health...
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I Made $6.77. It Changed Everything
Teaching Millionaires
I made $6.77 from YouTube. That tiny amount changed everything - my career, my family's future, my entire life trajectory. This is the real story of how a full-time teacher recording videos in his kitchen built something that transformed everything. From staying up until midnight editing while teaching full-time to helping thousands of families build wealth - this journey taught me that showing up consistently beats being perfect. Sometimes you just need to start, even when you're not ready. 📚 The Encouragement Economy book waitlist: 👉 Join our private Facebook community: ...
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How My Side Hustle Made Me $1,000,000 (Tax Strategy)
Teaching Millionaires
How my side hustle hit $1,000,000 with ONE tax strategy I almost missed. This isn't about get-rich-quick schemes – it's about the boring, profitable move that changes everything. The moment I realized I was leaving $30,000+ on the table every year as a former teacher turned YouTuber. Here's the exact S-Corp election strategy that shifted my entire financial future. 👉 Join our private Facebook community: https://teachingmillionaires.com/fbgroup 💰 Free Tax Playbook: https://pages.teachingmillionaires.com/tax-guide ⏱️ CHAPTERS: 00:00 The Million Dollar Realization...
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I Called In "Sick" and Never Went Back to My 9-5
Teaching Millionaires
🚨 It was 7:27 AM and I was supposed to be at work in 42 minutes. Instead, I called in sick. Not flu-sick ... DONE-sick. After 18 years as a classroom teacher, I finally had my breaking point moment. This is the raw, unfiltered story of the morning I knew I could never go back to the 9-5 grind. My accountant hit me with news that changed everything: "You made more from YouTube than teaching this month." But even then, I was scared to make the leap. What would my coworkers think? What if I failed? Then my friend Corey said something that stopped me cold: "Your problem isn't that you're tired...
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$50K Tax Credit 99% of Startups Miss (Get Yours Now)
Teaching Millionaires
🚨 MOST STARTUPS ARE MISSING OUT on at least a $50,000+ federal tax credit that could fund their next product launch! If you're building something new, solving technical problems, or have engineers on payroll - you probably already qualify for the R&D Tax Credit. You don't need to be profitable, venture-backed, or even a tech company. 👉 R&D Tax Credit Qualifying Questionnaire: ⏱️ CHAPTERS: 00:00 The $50K Credit Most Startups Miss 01:08 Why Nobody Talks About This Credit 02:19 You Don't Need Profits to Qualify 02:55 Success Stories: $30K, $81K Real Results...
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Why You Shouldn’t Pay Off Your Mortgage Early (Until You Hear This)
Teaching Millionaires
Should you pay off your mortgage early? I did it, but now I have a completely different perspective that could save you thousands. Most people think about opportunity cost wrong - here's what I wish I knew before making my choice. In this video, I share my personal mortgage payoff story and reveal the critical question every homeowner needs to ask: Are you actually investing the difference? Plus, my neighbor Miles taught me something that changed everything about mortgage strategy. 👉 Get a private invitation to our Teaching Millionaires community: ⏱️ CHAPTERS: 0:00 - My...
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How To Save Millions For Your Family Before Dec 31st
Teaching Millionaires
The estate tax exemption is about to be CUT IN HALF on December 31st. If you're a business owner or high net worth individual, this could cost your family millions in taxes. In this video, I break down the Optimized Gift Trust (OGT) - a strategy that could lock in today's $13.99 million exemption before it drops to $7 million. The math is shocking: waiting could mean a $5.2 million tax bill for your heirs on just one asset. 👉 Click here if you think an OGT might be right for your and your family: ⏱️ CHAPTERS: 0:00 Why I'm Considering This Tax Strategy 1:35 The $14M...
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How a Fee Simple Donation Saved $160K in Taxes
Teaching Millionaires
Luis was making $1.2 million annually but paying nearly $500K in taxes. Despite maxing out retirement accounts, he felt trapped by his tax bill. Then he discovered fee simple donation strategies. In this video, I break down exactly how fee simple donations work, the compliance requirements, and who qualifies. Luis used his savings to take a three-month sabbatical and start his dream business. This strategy is for high earners ($500K+) willing to invest in proper execution and full compliance. Not a loophole - just smart tax planning. 👉 Check if the Fee Simple Strategy is right for...
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The 5 Levels of Tax Write-Offs (You’re Probably Missing Levels 4 & 5)
Teaching Millionaires
You're probably missing Levels 4 & 5 of tax write-offs - and that's where the biggest savings are hiding. Most business owners only use 40% of available deductions because they stop at Level 2. In this video, I reveal all 5 levels of tax strategy that could save you tens of thousands annually. The tax code wasn't designed to punish entrepreneurs - it was built to reward business owners who know how to play the game. From basic office deductions to advanced entity structures and R&D credits, each level unlocks strategies that W2 employees simply can't access. Whether you're just...
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$40,000 Pool Deduction: Weirdest Write-Off I've Ever Seen
Teaching Millionaires
When Dr. Emily told me she deducted her $40,000 backyard pool as a medical expense, I thought she was crazy. But she had the IRS paperwork to prove it was 100% legal. In this video, I break down exactly how she did it, what documentation she needed, and the specific IRS rules that made it possible. Plus, I'll share other surprising tax deductions you've probably never heard of - including elevators, saunas, and even guard dogs! ⏱️ CHAPTERS: 0:00 - $40K Pool Deduction Revealed 1:38 - The IRS Documentation Requirements 2:42 - How the $80K Pool = $40K Deduction 4:26 -...
info_outlineDiscover the legal strategy billionaires use to pay zero in taxes while building massive wealth. I break down how Buy. Borrow. Die. works—and how everyday people like my friends Andy and Corey are already using it.
You'll learn:
- How billionaires like Bezos, Musk, and Zuckerberg legally pay $0 in taxes
- Why buying appreciating assets is the foundation of tax-free wealth
- How borrowing against assets creates tax-free cash flow
- The "step-up in basis" loophole that eliminates generational tax liability
- Real examples of how a teacher and small business owner use this strategy
📥 FREE RESOURCE: Get my Tax Playbook here: https://pages.teachingmillionaires.com/bbd-playbook
🏦 The brokerage I use: https://teachingmillionaires.com/recommends/m1-finance
CHAPTERS:
00:00 The Billionaire Tax Secret
01:12 How Buy, Borrow, Die Works
03:23 Real-World Examples: Andy's Strategy
06:05 Why No One Teaches This Strategy
07:31 How Regular People Build Wealth
08:40 Take Action: Start Using This Today
#buyborrowdie #taxes #financialstrategy
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👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.