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 -...
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Missed This $500K Deduction? (179D Tax Strategy Explained)
Teaching Millionaires
There's a tax deduction that could save you up to $5 per square foot just for upgrading lighting, HVAC, or insulation. One of my clients saved $500,000 on a project he was already doing - and he nearly missed it because he found out almost too late. In this video, I break down the 179D tax deduction - one of the most underused tax incentives available to property owners, operators, and designers right now. Whether you own commercial real estate, work as an architect on government buildings, or design energy-efficient systems, this deduction could unlock six-figure tax savings. ...
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The Charity Tax Loophole That Saves High Earners $500K+
Teaching Millionaires
There's a charity tax loophole that high earners are using to save $500K+ while building generational wealth - and most people have never heard of it. My client Sunni used this exact strategy to potentially save hundreds of thousands in taxes, and I'm breaking down exactly how it works. The OCLAT (Optimized Charitable Annuity Trust) Strategy Revealed: ✅ How this charity "loophole" can cut your tax bill by 40-60% ✅ The "1-3-5 rule": Put in $1M, give $3M to charity, get $5M back to family ✅ Why high earners who act early save the most (timing is everything) 👉 Check if the...
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The Government Pays You For Home Upgrades? 45L Tax Credit EXPLAINED
Teaching Millionaires
Discover how the government will literally PAY YOU to make energy-efficient upgrades to your properties through the Section 45L tax credit. In this video, I reveal how my friend Zach accidentally qualified for $25,000 in tax credits on his 10-unit building - and how YOU can claim up to $5,000 PER UNIT on your projects! 🏠 This isn't just for big developers - it works for: - New construction projects - Major renovations and rehabs - Single-family AND multi-family properties - Properties that meet basic energy efficiency standards Thanks to the Inflation Reduction Act, this...
info_outlineThe 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: https://pages.teachingmillionaires.com/ogt
⏱️ CHAPTERS:
0:00 Why I'm Considering This Tax Strategy
1:35 The $14M Exemption That Disappears Dec 31st
3:35 How Optimized Gift Trusts Actually Work
5:40 The Shocking Math: $5.2M Tax Bill If You Wait
6:45 The Hard Conversation: Are We Rushing?
7:42 Your Window Is Closing - Here's What To Do
8:09 Don't Be The Person Who Knew But Didn't Act
#EstatePlanning #WealthPreservation #OGT
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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.