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The Amy Porterfield Show

#562: Tax Strategies That Sound Illegal (But Aren’t) With Candy Valentino

The Amy Porterfield Show

Amy Porterfield

Entrepreneurship, Business, Marketing

4.95K Ratings

🗓️ 13 April 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Simple strategies to build long-term wealth, save on taxes, and recession-proof your small business Did you know that 73% of Americans say that their finances are the number one stressor in their life?  It’s true, sweet friend. Money (and lack thereof) is top of mind for the large majority of people -- more than family, or even work. I don’t know about you, but I think that statistic is quite concerning!  And I’ll be honest, if you’re worried about your finances -- and you want to make a change -- it’s really hard to know where to even begin.  It seems like there’s so many ‘financial gurus’ out there touting a “think and grow rich” mentality that, quite honestly, is just a bunch of fluff. That’s what I love about my guest on today’s episode, business and finance expert Candy Valentino. She’ll be the first to admit that building long term wealth takes much more than positive thinking – it takes good old fashioned hard work.  She’s able to break down wealth creation with practical, actionable strategies that anyone can use. And the proof’s in the pudding, because it’s these exact strategies that she used to escape poverty, create a multi-million dollar empire, and become financially free by the age of 40. I’m super excited to share this episode with you. Not only will you take away Candy’s essential wealth building strategies, but you’ll also hear: The many tax benefits of having your own business (even if it’s a side hustle) Tax strategies that can help you give as little to the IRS as possible Whether or not starting a business during a recession is a good idea Ways to recession-proof your small business  Just a heads up – you’ll probably want to take notes on this! So get comfy, open up that Google Doc and get ready for an incredibly informative conversation. Rate, Review, & Follow on Apple Podcasts "I love Amy and Online Marketing Made Easy." <-- If that sounds like you, please consider rating and reviewing my show! This helps me support more people -- just like you -- move toward the online life and business that they desire. Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode! Also, if you haven’t done so already, follow the podcast. I’m adding a bunch of bonus episodes to the feed and, if you’re not following, there’s a good chance you’ll miss out. Follow now!

Transcript

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0:00.0

Before we get started, I wanted to run something by you if you've ever thought about creating

0:05.4

a membership in order to turn your knowledge or passion into recurring revenue.

0:11.4

My dear friend, Stu McLaren, is hosting an incredible three-part live workshop series

0:18.4

where he's teaching proven strategies to launch or grow a successful membership.

0:22.9

So Stu is the number one expert in building massively profitable and impactful membership

0:28.5

sites.

0:29.5

He taught me everything I know about running my own multi-million dollar membership, and

0:35.6

now he's sharing his knowledge with you.

0:37.9

And did I mention these trainings are 100% free and they're live, which makes it so much

0:43.8

more fun.

0:44.9

So visit AmyPortafil.com-bord slash workshop to reserve your spot so you don't miss a second.

0:51.6

AmyPortafil.com-bord slash workshop.

0:55.8

I think it's really important for most entrepreneurs to know that the very last skill set that 95%

1:02.8

when we did the research, 95% of entrepreneurs learn is finance.

1:07.6

Because it's not taught in schools, we don't understand it typically even in our own personal

1:11.8

finance, but business finance, once you understand the data and the numbers and we don't emotionally

1:18.0

attach ourselves to the result, we can make such better decisions in our business based

1:23.2

on the data.

1:26.8

I'm AmyPortafil.

1:29.1

An ex-corporate girl turned CEO of a multi-seven figure business, but it wasn't all that long

1:34.6

ago that I lacked the confidence, the budget, and the time to focus on growing my small but

1:41.6

mighty business.

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