Tax Strategies the Wealthy Use to Build Millions (That Most Business Owners Miss)
Life Changing Money with Barbara Schreihans
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Show Notes
Grab your seat for the Tax Strategies to Build Wealth Masterclass happening March 25th
Are you accidentally overpaying in taxes every year? What if the strategies wealthy families use to grow their fortunes were available to you too? And what if smart tax planning could actually help you build generational wealth not just lower your tax bill?
In this episode of Life Changing Money, Barbara breaks down some of the most powerful tax strategies used by wealthy entrepreneurs and celebrities to grow their net worth while legally minimizing taxes.
Many business owners focus on tax deductions in the moment, but the real opportunity lies in strategic planning that builds wealth for the future. If you’re a business owner who wants to keep more of what you earn and grow your wealth faster, this episode will open your eyes to strategies most entrepreneurs never hear about.
Tune in to hear:
- Why wealthy families strategically shift income to their children
- How annual gifting strategies can reduce estate taxes and build generational wealth
- The surprising tax lessons business owners can learn from the Kardashians
- How real estate investments can dramatically reduce your tax bill
- The tax advantages of building ADUs, offices, or additional property structures
- What the Augusta Rule is and how it allows you to generate tax-free income
- How real estate professional status can unlock massive tax deductions
- Why entity structure matters and how creating additional entities can save hundreds of thousands in taxes
- How one client legally deferred $500,000 in taxes using a C-corporation strategy
- The tax advantages of medical expense reimbursement plans
- Why retirement strategies like cash balance plans and defined benefit plans can help business owners invest far more than traditional retirement accounts
- How to start building generational wealth while lowering taxes today
Grab your seat for the Tax Strategies to Build Wealth Masterclass happening March 25th
How To Get Involved:
Life-Changing Money is a podcast all about money. We share stories of how money has impacted and radically changed the lives of others—and how it can do the same for you.
Your host, Barbara Schreihans (pronounced ShREE-hands) is the founder and CEO of Your Tax Coach, and the creator of the Write Off Your Life Course. She is a top tax strategist, business coach, and expert in helping business owners and high-net-worth individuals save millions in taxes while increasing profits.
When she’s not leading her team, coaching clients, or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family, and traveling the world.
Grab a cup of coffee and become inspired as we hear from those who have overcome and are overcoming their self-limiting beliefs and money mindsets!
Do you have a burning question that you’d love to hear answered on a future show?
Please email it to: [email protected]