YOUTUBE How The Rich Avoid Taxes and You Can Too AdminOctober 5, 2024026 views Change your perspective on taxes from dread to opportunity by learning how to strategically use them to make money, embracing them as an annual chance to enhance your financial game and recoup more than you pay. 🔥 Get Our FREE TRAINING, The Living Benefits of Life Insurance ➡️ https://bit.ly/wn-exclusive-invite. Discover how we use Cash Value Life Insurance to build wealth. =========================== 🎙️ TAX FREE WEALTH LINKS: =========================== Youtube Channel: https://www.youtube.com/@TomWheelwrightCPA 📚 RECOMMENDED BOOKS “Tax-Free Wealth” by Tom Wheelwright: https://amzn.to/4edfZEY =========================== Ways to Work with Us =========================== ⚡Start a Life Insurance Policy? Complete our new client application 🎤Speaking Opportunities https://link.wealthnation.io/inquire =========================== Watch This Next: =========================== How The Rich Get Richer & The Poor Get Poorer… =========================== Subscribe to our channels: =========================== https://www.youtube.com/@WealthNation https://www.youtube.com/@WealthNationShorts =========================== Connect with us! =========================== https://www.instagram.com/wealthnation.io/ =========================== Disclaimer: =========================== Wealth Nation provides content for informational purposes only. While we aim to offer accurate and up-to-date information, always consult with qualified professionals before making any retirement, tax, or legal decisions. The Infinite Banking Concept® is a trademark of Infinite Banking Concepts, LLC, with which Wealth Nation is not associated or endorsed. =========================== ⏰ Timecodes ⏰ =========================== 00:00:00 Introduction 00:02:24 Tax strategies for the average person 00:04:23 Two types of taxpayers 00:10:13 Switching from Average Taxpayer to Super Taxpayer 00:12:06 Taking advantage of tax deductions 00:16:35 Paying children and parents from your business 00:23:43 Difference between deductions and credits 00:27:50 Is the 529 Plan worth it? 00:32:11 What is the challenge with annuities? 00:35:38 Real Estate and asset classes 00:40:35 Difference between Term insurance and Whole Life insurance 00:44:37 Prioritizing assets before expenses 00:50:13 How to move from small business owner to business owner 00:54:30 Can I deduct a loan from my whole life insurance policy? 00:56:54 Purchasing Real Estate with insurance loan 00:59:33 Always consult with a tax professional 01:01:48 How to work with Tom’s Team 01:03:46 Conclusion =========================== About: =========================== source