Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge

skills, insight, and encouragement you need to live a rich and meaningful life now, while

building a plan for financial freedom in 10 years or less.

My name is Joshua Sheets.

I am your host today on the show.

We're going to talk more about tax planning.

This is, I guess, this is a third episode in the show.

The first one I did was should you cheat on your taxes to save money, and my answer to

that was no.

And I tried to give two basic arguments for that.

Question number one is when you evade your taxes, when you cheat on your taxes in order

to save money, you run the risk of prison.

And if you care about personal freedom, then one of your primary goals is to not do things

that could result in your being sentenced to prison.

But more importantly, number two, I made the argument that if you become a tax evader,

you cheat on your taxes to save money, then you will always be looking over your shoulder,

and thus you will probably never reach your full potential.

You might have the potential to be the kind of guy who could build a $100 million business.

But if you are just saying I'm not going to pay taxes, then you're going to be building

some blue collar business where you can deal in cash instead of a white collar business

where you can take digital payments, things like that.

And so this is an important thing to consider.

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