Incredibly Simple Tax Saving Strategies (The Rich Do This)

Incredibly Simple Tax Saving Strategies (The Rich Do This)

Taxes are not only one of life’s certainties, they could be your single largest expense. Most people view taxes as a fixed amount and they’d be shocked to know that the tax code provides incredible opportunities for regular individuals to build wealth. By efficiently planning for future tax implications and being strategic instead of failing to have any sort of tax plan, you’ll be at a huge advantage. These are some of the easiest and best ways to greatly reduce your tax burden and you’ll probably be surprised at just how simple these are and how much money they will save you.

[soniadonald]

Risk management should always come first, the reason many traders lose money is not simply due to inexperience or a lack of knowledge of the market, but because of poor risk management

[KatyMccullars]

Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.

[jakeandsarahhealthnuts]

4 main takeaways I got from this video. 1. Roth IRA's will save you a lot of tax money when you go take them out at retirement. 2. Owning real-estate will save on taxes with tax write offs and mortgages. 3. Owning a business can help you do a lot of write offs. 4. Hire a tax pro who can give you advise.

[michaelfranklin.]

i'm both a dividend and growth investor and there are Great dividend stocks out there! the trick is to diversify and put in enough to where you actually get good dividend payments Monthly. I made my first million from repositioning and rebalancing my stocks using a full service broker so i invested and reinvested my profits.

[lunamorris]

Love the quality of your videos and the value you're providing! Thank you very much for your hard work.

[simonworsley]

Depreciation on rental properties doesn’t apply in the U.K. In fact it’s even worse as tax relief on mortgage interest is also capped

[ChrisInvests]

Make sure to like the video if you found it helpful!

[jackreign]

Great content as always Chris. 100k subscribers almost here. Keep up the good work

[frankthetank]

You should make videos more often they are awesome! 👍

[brucestiles]

0:00 Intro
0:46 Home ownership
1:52 Roth IRA
2:54 Owning real estate
4:44 Starting your own business
5:43 Qualifying for long-term capital gains or qualified dividends
6:49 Buy. Borrow. Die
7:56 Hiring a CPA
8:53 Outro

[jamalsangster]

CPA or EA. EAs specialize in tax and tax code.

[EazyE]

Simple. Have your rich friends run for congress and rewrite the laws.

[lors]

Wow never thought id find content lke this! 1:03

[d_all_in]

I don't understand Buy Borrow Die. If you borrow against your assets for spending money, then how do you pay back the loan?

[trayseanbensamli]

What do you use to make these animated videos? It’s amazing

[julioj.mendez]

Great video! Love your content, you have to 'take the risk of taking action' to get over a fear of investing the world is a very complicated place. Your financial life doesn’t have to be.

[inertiaforce]

You forgot to mention that rental property depreciation is recaptured at the time of sale. Therefore, rental property depreciation is not the write off people think it is.

[TheGodfather]

also remember. Every penny you spend on a cpa or tax attourny. also tax deductable ;)

[yasinnabi]

If you want to make more money, focus on yourself first, update yourself with high income skills, then you can get paid more. a fellow creator....

[Mariahugo]

My greatest happiness is the $64, 000 bi-weekly profit I get consistently from my $15, 000 investment despite the economic fluctuation 😊