4.7 • 1.1K Ratings
🗓️ 1 April 2013
⏱️ 7 minutes
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Having the choice to create a taxable event (or avoid one) is extremely powerful when it comes to minimizing your life's single biggest expense.
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0:00.0 | Hello, Wine Evers. My name is Jesse Meekham and this is podcast number 76 for |
0:16.8 | you need a budget where we teach you four rules to help you stop looking paycheck to |
0:21.7 | paycheck, get out of debt, and save more money. |
0:25.0 | Not going to edit that out. I'm just going to leave that in. Let you guys know that I make mistakes. |
0:31.0 | So it's staying in. |
0:33.0 | Today I want to talk about taxes. |
0:35.0 | Talk about mistakes. |
0:36.0 | You make a mistake with your taxes. |
0:38.0 | The worst thing is you don't even know what happened. |
0:40.0 | As you guys know from my podcast where I talked to my advisor |
0:43.2 | Casey who you can also have advised you at Casey at you and I plan.com I have no |
0:51.1 | financial interest in Casey's success. |
0:54.4 | I hope I don't make him so busy that he can't focus on me |
0:57.9 | and my tax needs. |
0:59.8 | I'm just kidding, sort of. |
1:01.8 | So if I were a millionaire, if I had a lot of money I would enjoy |
1:08.0 | options when it comes to taxes and I wanted to talk about this today. It's an interesting topic. It's a little bit advanced, but you can |
1:15.2 | just consider how powerful it might be to be able to time when you actually incur taxable events. |
1:23.0 | A taxable event is like when you have a baby |
1:25.0 | because you get child credit |
1:28.0 | and you get another exemption on your tax returns. |
1:30.5 | So if you could time a pregnancy, |
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