Teaching Millionaires
Teaching Millionaires is a podcast about personal finance, money management, saving and investing for retirement, and the journey to becoming financially independent. Hosted by Rich Smith, the show serves a community of lifelong learners helping them to understand how to become successful with their money.
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IRS HATES This Car Tax Write-Off (Business Owner Guide)
04/25/2025
IRS HATES This Car Tax Write-Off (Business Owner Guide)
The truth about writing off your vehicle as a business owner that nobody tells you. My contractor buddy Mike bought a $92,000 truck thinking it was a "full tax write-off" - but is the IRS really okay with that? In this video, I break down: - The two methods for vehicle tax deductions (standard mileage vs. actual expenses) - Common vehicle deduction myths that could trigger an audit - How Section 179 REALLY works (and why people misuse it) - When a vehicle write-off is legal and when it's an audit risk - The documentation you MUST keep to protect yourself FREE RESOURCES: 🚗 Best Mileage Tracking Apps: https://timeero.com/post/best-mileage-tracking-apps 💳 Top Credit Cards for Business Gas Purchases: https://teachingmillionaires.com/recommends/gas-cards 📊 Bookkeeping Tools I Recommend: https://teachingmillionaires.com/recommends/quickbooks 📖 Chapters 00:00 - Can You Write Off Your Car? 01:01 - Mike's $92K Truck Story 02:04 - Tax Deductions vs. Business Growth 02:37 - Two Vehicle Deduction Methods 03:12 - Standard Mileage Method Explained 04:19 - Actual Expense Method & Section 179 05:55 - Three Steps to Legal Vehicle Deductions 06:54 - Real Numbers: Mike vs. Emma 08:03 - Smart Tax Planning Advice #VehicleWriteOff #SelfEmployed #Section179 ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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Zero Taxes. Massive Wealth. Here’s the Strategy.
04/22/2025
Zero Taxes. Massive Wealth. Here’s the Strategy.
Discover 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: 🏦 The brokerage I use: 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 ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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Market Crash: What Smart Investors Do Now (No Panic)
04/15/2025
Market Crash: What Smart Investors Do Now (No Panic)
The stock market just crashed, and everyone's feeling it. But before you panic or make rash decisions, watch this video for my proven approach to navigating market downturns. In this video, I share: - Why panic selling is the biggest mistake investors make - The strategic moves I'm personally making right now - How past crashes created the best buying opportunities - A real-life example of managing a $1M windfall during market chaos - Why consistency beats timing in building real wealth I've survived multiple market crashes (2008, COVID, and now this one), and each time, the investors who stayed disciplined came out ahead. This isn't about "buying the dip" blindly—it's about maintaining perspective and sticking to your long-term plan. 📖 Chapters 00:00 Market crash reality check 01:04 The Bird in the Hand principle: what I'm not doing 02:40 Learning from past market crashes 04:08 Don't make permanent decisions on temporary feelings 05:36 Sticking to your plan despite market chaos 06:04 How to handle money decisions during volatility 07:34 Why consistent investors always win 08:33 Next steps and final thoughts #MarketCrash #InvestingStrategy #StockMarket ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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This LLC Mistake Cost Me $12,000
04/10/2025
This LLC Mistake Cost Me $12,000
That pit in your stomach when you know you should do something but don't? For me, procrastinating on forming my LLC cost me $12,000 in taxes that I could have saved. In this video, I share how I went from teacher with a side hustle to business owner, and the expensive lesson I learned about S-Corp election deadlines. Perfect for side hustlers, educators with extra income, or anyone sitting on the fence about making their business official. 🔗 RESOURCES: 📋 Free Business Startup Checklist: 💼 LLC Formation Service I Use: 💰 Simple Payroll System: 📖 Chapters 00:00 - The $12,000 mistake that could have been avoided 02:34 - The cycle of excuses and Bill's text message 03:39 - How missing the S-Corp election deadline cost me thousands 04:54 - Confessing my mistake and my wife's perfect response 05:41 - The 10-minute solution I'd been avoiding for months 06:40 - Breaking free from the teacher permission mindset 08:39 - The identity shift: from side hustler to business owner #LLCMistake #BusinessTips #SideHustle ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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How To Handle A 40% Stock Portfolio Drop Successfully
04/08/2025
How To Handle A 40% Stock Portfolio Drop Successfully
STOP PANICKING about your crashing portfolio! In this video, I reveal how I turned a devastating 40% stock loss into a powerful tax advantage using a strategy that 79% of investors completely ignore. With the recent market crash sending portfolios plummeting, my tax loss harvesting strategy shows you how to: ✅ Transform market losses into immediate tax savings ✅ Potentially save $3,200+ on your tax bill (based on 32% bracket) ✅ Completely offset capital gains taxes ✅ Deduct up to $3,000 from your regular income ✅ Strategically bank losses for future years This 15-minute portfolio refresh must be completed before December 31st, and it's 100% legal under Internal Revenue Code 1211. Learn exactly how my friend Adam saved $8,000+ on taxes during a market downturn and how business owner Greg eliminated his entire tax bill. 📖 Chapters 00:00 My 40% Stock Loss Story 01:35 Tax Loss Harvesting Explained 03:04 Capital Gains Tax Breakdown 04:04 Real Success Story: $8,000 Saved 05:30 Avoiding the Wash Sale Rule 07:03 Your Complete Harvesting Plan 08:06 Pro-Level Portfolio Refresh #taxlossharvesting #marketcrash #taxlossharvesting ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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How to Pay Your Kids $15,000 Tax-Free: IRS-Approved Family Business Strategy
04/04/2025
How to Pay Your Kids $15,000 Tax-Free: IRS-Approved Family Business Strategy
Discover how to legally hire your family members in your business and save thousands in taxes! In this video, I reveal: ✅ How to pay your kids up to $15,000 tax-free (IRS approved) ✅ The 10-step process to hire family members 100% legally ✅ Turn kids' activities into legitimate tax deductions ✅ Tax benefits of putting your spouse on payroll ✅ How to set up Roth IRAs for your children's future This strategy saved my family thousands in taxes while keeping more money in our household. Perfect for small business owners, entrepreneurs, and self-employed professionals looking to optimize their tax situation. 🔽 RESOURCES MENTIONED 🔽 Payroll company I use: My previous video on Roth IRAs for kids: My video on spouse travel deductions: 📖 Chapters 00:00 How to Keep More Money in Your Family While Paying Less Taxes 01:07 Tax Benefits of Hiring Your Kids (Up to $15,000 Tax-Free) 02:37 Setting Up Roth IRAs for Long-Term Tax-Free Growth 02:54 Tax Benefits of Hiring Your Spouse 04:19 10-Step Process for Legally Hiring Family Members 06:34 How to Turn Kids' Activities into Legitimate Tax Deductions 07:52 How to Get Started Today 08:58 Beyond Tax Savings: Building Family Wealth #TaxStrategy #FamilyBusiness #IRSApproved ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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Can You LEGALLY Write Off Family Vacations? IRS Rules Explained
04/01/2025
Can You LEGALLY Write Off Family Vacations? IRS Rules Explained
Don't risk an IRS audit! Learn the REAL rules about writing off family vacations as business expenses. In this video, I break down Internal Revenue Code 274 and show you exactly what's legal and what will get you flagged. Forget the misleading advice from influencers - I've researched actual tax court cases to bring you legitimate strategies that hold up to IRS scrutiny. ✅ FREE DOWNLOAD: My step-by-step guide on making business travel tax-deductible 👉 📖 Chapters 00:00 - The Truth About Vacation Tax Write-offs 00:33 - My Personal Experience with Business Travel 01:02 - IRS Requirements for Business Trip Deductions 01:32 - What Qualifies as Legitimate Business Purposes 02:03 - Real Examples: Success vs. Failure Cases 02:34 - The Travel Days Deduction Strategy 03:06 - Weekend "Sandwich Rule" Explained 03:37 - Family Member Travel Deductions: Facts vs. Myths 04:41 - W2 Employee Requirements for Tax Deductions 05:16 - Legal Strategies for Spouse Business Travel 05:49 - The 1099 Contractor Method 06:22 - Deductible Business Travel Expenses 06:51 - Non-Deductible Expenses to Avoid 07:25 - Documentation Requirements for the IRS 08:33 - Real-World Strategy Example 09:41 - Key Takeaways #taxdeductions #businesstravel #taxstrategy ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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BOI Filing OFFICIALLY DEAD for U.S. Businesses (What This Means for You)
03/28/2025
BOI Filing OFFICIALLY DEAD for U.S. Businesses (What This Means for You)
BREAKING: The Treasury and FinCEN have officially exempted most U.S. businesses from BOI reporting requirements in a new March 2025 ruling. In this video, I break down: - What the March 21st, 2025 interim final rule actually means - Why most domestic businesses are now exempt from filing - What to do if you already filed a BOI report - How to avoid scams targeting confused business owners - What's happening with legal challenges to the CTA 📄 FREE DOWNLOAD: BOI Update Guide 👉 🔒 Need expert compliance help? Get personalized assistance from the service I personally trust 👉 📖 Chapters 00:00 - Introduction: BOI Requirements Overturned 00:48 - New Treasury & FinCEN March 2025 Ruling 01:38 - Corporate Transparency Act Background 02:27 - Original BOI Requirements Explained 03:07 - March 21st Ruling: U.S. Businesses Exempt 03:52 - Billions in Compliance Costs Saved 04:44 - What To Do If You Haven't Filed 05:25 - What To Do If You Already Filed 06:27 - Avoiding BOI Reporting Scams 07:31 - Pending Legal Challenges 08:17 - Action Steps for Business Owners 09:37 - Staying Ahead of Regulatory Changes #BOIreporting #CorporateTransparencyAct #FinCEN ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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How Investors Save $30,000+ on Taxes with Real Estate (Legally)
03/25/2025
How Investors Save $30,000+ on Taxes with Real Estate (Legally)
🎯 FREE Real Estate Tax Playbook: https://pages.teachingmillionaires.com/re-tax-playbook Do you know the secret tax strategy that wealthy real estate investors use to pay almost NOTHING in taxes - completely legally? Learn how depreciation can save you thousands on your tax bill! In this video, I break down: ✅ How real estate depreciation works in simple terms ✅ The cost segregation strategy that saved me $10,000+ last year ✅ Why bonus depreciation is disappearing FAST (act now!) ✅ How to avoid the depreciation recapture tax trap Depreciation isn't just for businesses - even ONE rental property can save you thousands in taxes. I'll show you exactly how I used these strategies to reduce my taxable income and build wealth through real estate investing. 📖 Chapters 0:00 - How the Wealthy Use Real Estate to Pay $0 in Taxes 2:11 - Understanding Depreciation: The Secret Tax Weapon 3:23 - Cost Segregation: How I Saved $10,000+ Last Year 4:39 - URGENT: Bonus Depreciation Ending Soon 5:48 - Avoiding the Recapture Tax Trap 7:03 - The Complete Tax-Saving Strategy for Any Investor #realestateinvesting #taxstrategies #realestate ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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Your CPA Missed $250,000 in Tax Credits (What Else Are They Missing?)
03/21/2025
Your CPA Missed $250,000 in Tax Credits (What Else Are They Missing?)
🎯 FREE Tax Credit Playbook for Business Owners: https://pages.teachingmillionaires.com/tax-playbook Is your CPA or accountant leaving thousands of dollars on the table? In this video, I reveal the hidden tax credits and deductions that most CPAs overlook, including one that saved my client $250,000. You'll discover: - The R&D tax credit that even non-tech businesses qualify for - How a simple change saved one client $70,000 without spending a dime - The one question that reveals if your CPA is truly looking out for you - The 179D energy-efficient building deduction worth up to $6 per square foot - How cost segregation can accelerate your property depreciation 📖 Chapters 00:00 The $250,000 tax credit most CPAs miss 01:50 R&D tax credits your business can claim 04:01 Property-related tax credits explained 07:02 Why CPAs overlook these opportunities 08:08 The question that can save you thousands 09:17 How to claim your tax credits today #TaxStrategy #TaxCredits #BusinessTips ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: 📱 Follow on Instagram: ✖️ X: 📘 Facebook: 🌐 Website: 🎧 Apple Podcasts - 🎧 Spotify - 👥 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.
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My Brother Almost Gave Up on Buying a Home—Here’s How
03/18/2025
My Brother Almost Gave Up on Buying a Home—Here’s How
🎯 FREE First-Time Homebuyer's Playbook: https://pages.teachingmillionaires.com/homebuyer 🏡 Buying your first home isn't impossible in today's market! I sat down with my brother Sean who thought homeownership was out of reach, and completely changed his perspective with these insider strategies. In this video, I reveal: ✅ The house hacking strategy that could get you paid to live in your own home ✅ Government programs that let you buy with as little as 3.5% down ✅ The shocking truth about mortgage payments banks don't advertise 📖 Chapters 00:00 - Introduction 01:07 - House Hacking: The Duplex Strategy 03:33 - Government Programs for First-Time Buyers 05:21 - Down Payment Options Explained 06:37 - The Truth About Mortgage Payments 08:56 - Starter Home Strategy 10:07 - Saving on Closing Costs #FirstTimeHomebuyer #HouseHacking #RealEstateAdvice #HomebuyingSecrets ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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How the Rich Pay $0 in Taxes: The Buy, Borrow, Die Strategy
03/13/2025
How the Rich Pay $0 in Taxes: The Buy, Borrow, Die Strategy
👉 Learn more a Portfolio Line of Credit: https://teachingmillionaires.com/recommends/m1-finance The ultra-wealthy like Jeff Bezos and Elon Musk pay significantly less in taxes than everyday Americans - and it's completely legal. In this video, I break down the "Buy, Borrow, Die" strategy that allows billionaires to enjoy a 3% tax rate while restaurant owners write $90,000 checks to the IRS. Learn how regular people can start implementing this strategy: ✅ Buy assets that appreciate in value ✅ Borrow against those assets (tax-free!) ✅ Pass them to heirs with zero capital gains tax I'll show you real examples of how everyday investors are using securities-backed lines of credit and portfolio loans to access cash without triggering taxable events. 📖 Chapters 00:00 - How Bezos paid $0 in taxes 00:34 - The $90K tax burden reality 01:41 - The 3% vs 35% tax rate gap 02:43 - Buy, Borrow, Die strategy explained 03:46 - Real estate example: building wealth tax-free 04:45 - How regular people use this strategy 06:13 - The inheritance loophole: step-up basis 07:39 - Three rules for implementing safely #TaxStrategy #WealthBuilding #BuyBorrowDie #TaxOptimization ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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Avoid $20,000+ Court Fees: Living Trusts Explained
03/11/2025
Avoid $20,000+ Court Fees: Living Trusts Explained
👉 Learn more about Living Trusts: https://teachingmillionaires.com/recommends/living-trust 🎯 FREE Guide Living Trust Checklist: https://pages.teachingmillionaires.com/living-trust When my friend Noah faced a serious health diagnosis, I realized most people don't understand how important proper estate planning is - especially living trusts. In this video, I share Noah's story and break down: Why 67% of Americans are making a costly mistake How probate court can cost your family up to $35,000 and 17 months of stress The simple steps to set up a living trust (even if you're not wealthy) Why this isn't just about money, but protecting your family's future Have you dealt with probate court? Share your story in the comments below - it might help someone else! 📖 Chapters 00:00 A Late Night Call That Changed Everything 02:01 My Trust Obsession: Researching Estate Planning 03:29 The Painful Truth About Probate Court 04:03 Living Trusts: What They Really Are 05:27 Setting Up Your Trust: Simple Steps 06:51 How Helping Noah Changed Me Too 07:24 The Real Cost of Not Having a Trust 08:28 It's Not Just About Death - Protecting Your Family While You're Alive 09:53 Who Really Needs a Living Trust? #estateplanning #livingtrust #probate ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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SEP IRA vs Solo 401(k): Which Retirement Plan Saves Self-Employed $22,500+ in Taxes?
03/07/2025
SEP IRA vs Solo 401(k): Which Retirement Plan Saves Self-Employed $22,500+ in Taxes?
🎯 FREE Guide SEP IRA vs Solo 401(k): https://pages.teachingmillionaires.com/sep-vs-solo401k 🔥 In this video, I break down the critical differences between SEP IRAs and Solo 401(k)s for entrepreneurs, freelancers, and side-hustlers. Discover which account lets you contribute nearly DOUBLE, offers Roth options, and provides more flexibility for irregular income. 🔑 KEY HIGHLIGHTS: 00:00 - My $12,000 tax mistake 02:31 - SEP IRA vs Solo 401(k): The basics explained 05:23 - The shocking contribution difference 07:07 - Tax-free growth with Roth options 08:10 - Which plan is easier to manage? 09:42 - Perfect for "lumpy" irregular income 10:12 - Emergency access to your money #RetirementPlanning #TaxStrategy #SEPvsSOLO ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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LLC Setup Secrets: The $750 Decision That Changed Everything
03/04/2025
LLC Setup Secrets: The $750 Decision That Changed Everything
👉 Learn more about LLC Setup: https://teachingmillionaires.com/recommends/incfile 🔥 Setting up an LLC can feel overwhelming—especially when you’re staring at a $750 decision that could change everything. In this video, I’ll share the secrets I learned the hard way, including how to avoid costly mistakes and maximize your tax savings. From choosing the right tax structure to the one switch that saved me thousands, this step-by-step guide is designed to make your LLC setup smooth and stress-free. 📖 Chapters 00:00 The Night Everything Changed 00:31 Hovering Over the Submit Button 00:58 Flashback: Financial Struggles Two Years Earlier 01:56 The Decision That Started It All 02:52 Seeking Advice from a Friend 03:48 What's Stopping You from Starting? 04:47 "What If It Works?" The Turning Point 05:40 Life as a Business Owner: Lessons Learned 06:14 The Tax Game-Changer: Switching to an S-Corp 07:11 Learning Through Mistakes and Growth 07:38 From Teacher to Business Owner: Life Transformation 08:30 Finding Balance and Being Present 09:24 Inspiring the Next Generation of Entrepreneurs 10:18 LLC Startup Checklist: Steps to Get Started 10:45 Success Beyond the Bank Account: A New Family Legacy #LLCSetup #TaxSavingsTips #BusinessOwnerAdvice ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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75% of Business Owners Miss This $10,000 Tax Secret (S Corp Hack)
02/28/2025
75% of Business Owners Miss This $10,000 Tax Secret (S Corp Hack)
👉 Learn more about Payroll for S-Corp: https://teachingmillionaires.com/payroll 🔥 Discover how 75% of business owners are missing out on $10,000+ in tax savings with this S Corporation strategy. I'll show you exactly how I saved thousands in taxes and how you can too. Perfect for entrepreneurs, content creators, and small business owners making $50K+ per year. 📖 Chapters 00:00 My $10K Tax Surprise 00:30 My First Year YouTube Earnings 01:03 Understanding Self-Employment Tax 01:35 The S Corp Solution 02:09 How My Business Changed 02:34 Setting Up Your Business Structure 03:00 The Two-Bucket Strategy 03:32 Payroll Explained 04:01 Is This Really Legal? 04:37 Real Numbers Breakdown 05:21 Retirement Benefits 05:50 Solo 401K Options 06:23 Who Should Consider an S Corp 06:58 Three Steps to Get Started 07:30 Final Thoughts & Resources #businesstax #scorp #taxstrategy #entrepreneurship #smallbusiness #taxsavings #businesstips #youtubemoney #contentcreator #llc #taxseason #businessowner #moneytips #taxreduction #selfemployed ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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IRS Owes You Money! Claim These Hidden Tax Credits (2025 Update)
02/25/2025
IRS Owes You Money! Claim These Hidden Tax Credits (2025 Update)
🎯 FREE Tax Credit Guide: https://pages.teachingmillionaires.com/tax-guide 🔥 Discover how the IRS might owe YOU money in 2025! As a former teacher, I uncovered these hidden tax credits that changed my family's financial future. From the Earned Income Tax Credit ($6,960) to energy savings, learn how to claim what you're legally owed. 📖 Chapters 0:00 The Night That Changed Everything 2:24 The Sweet Spot: Earned Income Credit 4:47 Hidden Credits for Families 5:44 Energy Credits That Saved Us 7:05 Important IRS Documentation Tips 8:25 Real Success Stories 9:47 How to Start Claiming Credits 10:44 Free Resource Guide #TaxCredits #PersonalFinance #MoneyTips #IRSRefund #TaxSeason2025 ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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The Hidden Tax Strategy That's Making Commercial Real Estate Investors Millions
02/18/2025
The Hidden Tax Strategy That's Making Commercial Real Estate Investors Millions
👉 Learn more about Commercial Real Estate Tax Incentives: https://teachingmillionaires.com/cre 🏢 Learn how cost segregation could transform your commercial real estate investments. In this video, I share my personal journey of almost walking away from my dream commercial property because of a $40,000 HVAC system - until I discovered this powerful tax strategy. 📖 Chapters 00:00 $40K HVAC Problem & My Dream Building 01:07 Cost Segregation vs Traditional Savings 01:48 Walking Through the Empty Building 02:53 Vision: From HVAC to Opportunity 03:24 Meeting Jeff: Numbers Breakdown 03:51 IRS Building Components Explained 05:06 Real Numbers: $40K HVAC Example 06:14 Bonus Depreciation Revealed 07:12 From $1K to $11K Tax Deduction 07:47 Avoiding the Passive Income Trap 09:22 Smart Solution: Stay-at-Home Manager 11:04 $200K in Total Tax Savings 11:35 From Problems to Tax Benefits 12:07 Property Checklist for Investors 12:38 Resources & Next Steps #commercialrealestate #realestateinvesting #costsegregation #taxstrategy #passiveincome #realestatedeals #commercialproperty #realestatewealth #realestateinvestor #businesstips ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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My Contractor Just Saved Me $30,000 in Taxes (Here's How...)
02/14/2025
My Contractor Just Saved Me $30,000 in Taxes (Here's How...)
👉 Learn more about Commercial Real Estate Tax Incentives: https://teachingmillionaires.com/cre 🏢 Are you thinking about investing in commercial real estate? My contractor just shared a game-changing tax strategy that could save you thousands. In this video, I break down powerful tax benefits that most commercial real estate investors don't know about: Cost Segregation, 179D tax deductions, 45L tax credits, and even Bonus Depreciation. 💰 Quick Overview of Tax Benefits Covered: Cost Segregation - Accelerate depreciation 179D - Up to $5/sqft for energy efficiency upgrades 45L - Up to $2,500/unit for residential conversions Bonus Depreciation - Currently 40% (dropping to 20% next year!) 📖 Chapters 0:00 The deal-changing moment with Mike 2:02 Chris's $300k tax savings story 3:14 Understanding the tax benefit pyramid 4:49 Converting upper floors: 45L credits 6:52 How to stack tax benefits together 9:00 Breaking down the numbers #CommercialRealEstate #RealEstateInvesting #TaxStrategy ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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$585k Commercial Property TRAP I Almost Fell For
02/11/2025
$585k Commercial Property TRAP I Almost Fell For
👉 Learn more about Commercial Real Estate: https://teachingmillionaires.com/cre-academy 🔥 I reveal the hidden problems I discovered while analyzing a $585,000 commercial property deal. From skyrocketing tax assessments to concerning lease agreements, I'll show you exactly what to look for before investing in commercial real estate. 📖 CHAPTERS: 0:00 - Main Street Property Introduction 0:34 - Five Major Issues Discovered 1:28 - Breaking Down the Property Details 2:30 - The Fine Print Tax Base Problem 4:15 - Tax Assessment Strategy 5:08 - Second Floor Potential 7:10 - Negotiation Points & Strategy 8:09 - What Would You Do? #RealEstateInvesting #CommercialRealEstate #PropertyInvesting #RealEstate #Investing #BusinessTips #RealEstateEducation ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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How I Found $46,000 Passive Income in a Building I Drive Past Every Day
02/06/2025
How I Found $46,000 Passive Income in a Building I Drive Past Every Day
👉 Learn more about Commercial Real Estate: https://teachingmillionaires.com/cre-academy 🔥 From English teacher to commercial real estate investor - here's how I discovered a $46,000/year passive income opportunity hiding in plain sight on Main Street. After building a $1M+ residential portfolio, I'm taking my first steps into commercial real estate and bringing you along for the journey! 📖 CHAPTERS: 0:00 - The Main Street Building Discovery 1:23 - My Commercial Real Estate Conference Story 2:45 - Breaking Down the $46,000 Income Property 3:58 - The 2AM Maintenance Call Story 4:52 - Types of Commercial Properties 6:17 - Understanding Cap Rates & NOI 7:38 - Commercial Loan Differences 8:45 - My Next Steps & Meeting the Agent 9:30 - Final Thoughts & Conference Link #RealEstateInvesting #CommercialRealEstate #PassiveIncome #RealEstate #Investment #FinancialFreedom ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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Tax Expert Reveals Conservation Easement Secrets w/ Murang Pak ($45M Strategy)
02/03/2025
Tax Expert Reveals Conservation Easement Secrets w/ Murang Pak ($45M Strategy)
👉 Learn more about Conservation Easements: https://teachingmillionaires.com/lce 🔥 Uncover the three powerful tax strategies that could save you up to 50% on taxes. From Fee Simple to Family Partnerships, learn how these IRS-approved methods can transform your tax planning. 💰 Key Topics Covered: 0:00 - The 3 Tax Secrets Revealed 2:45 - Secret #1: Fee Simple Strategy 5:30 - Secret #2: Three-Year Hold Method 8:15 - Secret #3: Family Partnership Approach 11:00 - Implementation Guide 13:45 - Next Steps #TaxStrategy #WealthBuilding #FinancialFreedom #TaxSavings #InvestmentTips ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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3 Tax Secrets Millionaires Don't Want You To Know (Save Up To 50%)
01/30/2025
3 Tax Secrets Millionaires Don't Want You To Know (Save Up To 50%)
👉 Learn more about Conservation Easements: https://teachingmillionaires.com/lce 🔥 Uncover the three powerful tax strategies that could save you up to 50% on taxes. From Fee Simple to Family Partnerships, learn how these IRS-approved methods can transform your tax planning. 💰 Key Topics Covered: 0:00 - The 3 Tax Secrets Revealed 2:45 - Secret #1: Fee Simple Strategy 5:30 - Secret #2: Three-Year Hold Method 8:15 - Secret #3: Family Partnership Approach 11:00 - Implementation Guide 13:45 - Next Steps #TaxStrategy #WealthBuilding #FinancialFreedom #TaxSavings #InvestmentTips ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast 👥 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.
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Tax Expert Reveals How The Rich Pay 50% Less In Taxes (Legal Strategy)
01/27/2025
Tax Expert Reveals How The Rich Pay 50% Less In Taxes (Legal Strategy)
👉 Learn more about Conservation Easement: https://teachingmillionaires.com/lce 🔥 Discover how to legally reduce your tax burden by up to 50% using conservation easements. This comprehensive guide breaks down the exact strategy wealthy individuals use to save millions in taxes while supporting environmental conservation. 💰 Key Topics Covered: 0:00 - The Legal Tax Strategy Nobody Talks About 2:14 - How the 50% Tax Reduction Works 4:32 - Step-by-Step Breakdown 7:15 - Common Mistakes to Avoid 9:45 - When This Strategy Works Best 12:30 - How to Get Started ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast #TaxStrategy #WealthBuilding #FinancialFreedom #TaxSavings #WealthManagement #RealEstate #PassiveIncome 👥 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.
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How The Rich Avoid Losing Millions (Stop Before 2026)
01/23/2025
How The Rich Avoid Losing Millions (Stop Before 2026)
👉 Learn more about Gift Trusts: https://teachingmillionaires.com/ogt 🔥 Wealthy families use the Optimized Gift Trust (OGT) to protect generational wealth and save millions in taxes. Estate planning expert Jonathan Morrison reveals the advanced trust strategy used by business owners and high net worth families to: ✓ Save up to $200M in estate taxes ✓ Protect assets from lawsuits & creditors ✓ Maintain control while transferring wealth ✓ Create lasting family legacy Important deadlines and law changes coming in 2026. Learn if your family qualifies for this strategy. 💰 Key Topics Covered: 0:00 - Why Estate Planning Matters 2:14 - What is an Optimized Gift Trust? 5:33 - Who Needs This Strategy? 8:47 - Tax Benefits & Asset Protection 12:05 - Control & Access Features 15:22 - Implementation Timeline 18:44 - Case Studies & Results ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast #WealthManagement #EstatePlanning #FinancialPlanning #Investing #Taxes 👥 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.
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How the Wealthy Save Millions with the Optimized Gift Trust
01/20/2025
How the Wealthy Save Millions with the Optimized Gift Trust
👉 Learn more about Gift Trusts: https://teachingmillionaires.com/ogt 🔥 The 2025 tax law changes could cost wealthy families millions. Discover how the Optimized Gift Trust (OGT) helps protect up to $300M in generational wealth through strategic estate planning. 💰 Key Topics Covered: 0:00 Why Estate Planning Can't Wait 0:35 Understanding the OGT Trust 1:11 The Optimized Gift Trust Explained 2:23 Key Benefits Breakdown 3:41 Control & Multi-Generational Wealth 5:00 OGT Structure Explained 6:53 Case Study: $25M Estate Plan 9:17 Financial Impact & Implementation 10:30 Critical 2025 Deadline 11:40 Action Steps ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast #estateplanning #wealthmanagement #taxstrategy #OGT #financialplanning #trustfund #wealthpreservation #estatetax #taxplanning #inheritance 👥 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.
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Gift Trust Strategy That Could Save Your Family Millions
01/16/2025
Gift Trust Strategy That Could Save Your Family Millions
👉 Learn more about Gift Trusts: https://teachingmillionaires.com/ogt 🎯 Gift Trusts can help you save millions in taxes while protecting your family's wealth. In this comprehensive guide, Rich Smith breaks down everything you need to know about gift trusts in plain English. 💰 Key Topics Covered: 00:00 Introduction 02:14 What is a Gift Trust? 04:35 Key Benefits & Control 07:22 Tax Advantages Explained 09:45 How Gift Trusts Work 12:30 Setting Up a Gift Trust 15:18 Common Mistakes to Avoid 17:45 Latest Tax Updates 20:10 Action Steps ⚡️ Connect with Rich: ▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe 📱 Follow on Instagram: https://teachingmillionaires.com/instagram ✖️ X: https://teachingmillionaires.com/twitter 📘 Facebook: https://teachingmillionaires.com/fbgroup 🌐 Website: https://teachingmillionaires.com 🎧 Apple Podcasts - https://teachingmillionaires.com/apple-podcast 🎧 Spotify - https://teachingmillionaires.com/spotify-podcast #EstatePlanning #WealthManagement #FinancialPlanning #GiftTrust #TaxStrategy #PersonalFinance #MoneyTips #WealthBuilding 👥 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.
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R&D Tax Credits Explained: Are You Leaving Money on the Table?
01/13/2025
R&D Tax Credits Explained: Are You Leaving Money on the Table?
Learn more about the R&D Tax Credit: 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.
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How to Claim $250K in R&D Tax Credits
01/09/2025
How to Claim $250K in R&D Tax Credits
Learn more about the R&D Tax Credit: 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.
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R&D Tax Credits Simplified: Are You Missing Out?
01/06/2025
R&D Tax Credits Simplified: Are You Missing Out?
Learn more about the R&D Tax Credit: 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.
/episode/index/show/teacherentrepreneurs/id/34726585