6 Steps To Get Super Rich & Work Your Wealth | Mary Beth Storjohann - 109
Your Money, Your Wealth
Your Money, Your Wealth
4.6 • 794 Ratings
🗓️ 3 April 2017
⏱️ 65 minutes
🧾️ Download transcript
Summary
Mary Beth Storjohann, author of Work Your Wealth, helps millennials wrap their heads around financial basics. Joe and Al discuss a proposal to cut the corporate tax rate by taxing 401(k) gains, and spotting an IRS phone scam. Also, answers to questions on LLC vs. S-corp income, deductions for traditional IRAs, and taking a personal loan for the downpayment on investment property. Also, Big Al lists 6 steps to get SUPER rich.
Transcript
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| 0:00.0 | How to Work Your Wealth when you're in your 20s and 30s, why your 401k earnings may be taxed annually. |
| 0:05.0 | How to spot a real IRS phone call from a fake one. |
| 0:08.0 | And why is Joe selling knives? |
| 0:10.0 | This is Your Money Your Wealth. |
| 0:13.0 | Today on Your Money Your Wealth, certified financial planner and author of Work Your Wealth, |
| 0:17.0 | Marybeth Storjahan, explains how she helps millennials wrap their heads around financial basics. |
| 0:21.9 | Joe and Elle discuss a proposal to cut the corporate tax rate by taxing 401K gains, 13 pieces |
| 0:27.0 | of money advice you can't afford to ignore, and how to spot an IRS phone scam. |
| 0:31.5 | Hint, the IRS will always contact you by mail. |
| 0:34.4 | The fellas also answer questions on LLC income versus S-Corp income, |
| 0:38.1 | deductions for traditional IRAs, and taking a personal loan for the down payment on investment property. |
| 0:43.4 | Also, Big Al lists six steps to get super rich, none of which involve selling knives out of a trailer. |
| 0:49.9 | Here are Joe Anderson's CFP and Big Al Clopine CPA. |
| 0:53.8 | We have a bunch of things to discuss today. |
| 0:56.0 | Big Al just got back from Hawaii. |
| 0:58.1 | How was your trip? |
| 0:59.0 | Oh, it was magical, Joe. |
| 1:01.1 | It's a place that Annie and I love to go to. |
| 1:05.5 | And it was just great time. |
| 1:08.1 | Relationship Enhancer. |
| 1:10.4 | Here we go. |
| 1:11.2 | Builder. |
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