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Digital Social Hour

How I Legally Avoided $300K in Taxes – Find Out How | Ian Lahde DSH #540

Digital Social Hour

Sean Kelly

Self-improvement, Education

5.01.1K Ratings

🗓️ 7 July 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

🔥 How I Legally Avoided $300K in Taxes – Find Out How! 🚀 Ever wondered how the wealthy legally keep more of their hard-earned money? 💰 In this explosive episode, we dive deep into tax mitigation strategies that you won't believe are available to everyone! Join Sean Kelly on the Digital Social Hour podcast as he chats with financial expert Ian Lahde, who reveals the secrets to paying less than $30K in taxes on a million-dollar income! 😲 Learn how Ian leveraged cash accumulation vehicles, life insurance products, and defined benefit plans to minimize his tax burden and maximize his wealth. 💼 Discover how you too can utilize these strategies to keep more of what you earn. It's not about how much you make; it's about how much you keep! 🤑 Don't miss out on these eye-opening insights! 🧐 Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more jaw-dropping stories on the Digital Social Hour with Sean Kelly! 🚀 **Keywords:** Digital Social Hour, Sean Kelly, Podcast, Apple Podcasts, Spotify, Ian Lahde, Tax Mitigation, Wealth Strategies, Financial Secrets, Tax Avoidance, Life Insurance, Defined Benefit Plans, Tax-Free Growth Join the conversation and let us know what you think! 💬 Your support helps us bring bigger and better guests to the show. 🙌 **Watch now and subscribe!** 📺🚀 #TaxStrategies #FinancialEducation #SaveOnTaxes #FinancialFreedom #SmallBusiness CHAPTERS: 00:00 - Intro 0:41 - How Ian started his business 2:11 - How Ian pays little to no taxes 5:38 - Risks of life insurance policies 7:31 - Book your spot on the Digital Social Hour 10:05 - Traditional retirement accounts 14:36 - Investment annual percentage goals 21:05 - The stigma around life insurance 23:04 - Multigenerational wealth 27:57 - Do you need health insurance 28:47 - Planning inheritance for your kids 31:06 - What is probate 31:50 - Life insurance and probate 32:21 - Estate tax essentials 37:06 - How to contact Sean APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: Jenna@DigitalSocialHour.com GUEST: Ian Lahde https://www.instagram.com/ianlahde SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Very little.

0:01.0

I love that.

0:02.0

I love that.

0:03.0

And that's crazy at your level of income.

0:04.0

Yep.

0:05.0

You're saying you're doing a million a year.

0:06.0

Yep.

0:08.0

Less than less than 30k.

0:10.0

Wow.

0:11.0

That's yeah.

0:12.0

Donald Trump does similar things, right?

0:13.0

Yes, yes, a lot of the wealthy people see the thing is these there's vehicles out there that they're available to everybody

0:17.6

most people just don't know about them.

0:19.6

And you know making a bunch of money is one thing but it's not about how much you make, it's about how much you keep.

0:26.0

Wherever you guys are watching this show, I would truly appreciate it if you follow or subscribe.

0:30.0

It helps a lot with the algorithm. It helps us get bigger and better

0:33.5

guests and it helps us grow the team. Truly means a lot. Thank you guys for

0:37.2

supporting and here's the episode. All right guys we got Ian Lottie here today. We're going to talk wealth strategies right?

0:44.0

Yes, we got Ian Lottie here today. We're going to talk wealth strategies right? Yes sir. Let's do it. I'm all about saving and making money

0:46.4

Absolutely. How did you get started in this? Well, so I run a few businesses myself and I was approached a couple of years ago by someone who was an accountant, CPA, in that sort of industry and really he was like, what are you doing for tax mitigation? What are you doing for things like that?

1:03.6

And you know most CPA's they kind of are more focused on compliance,

1:08.2

but not a lot of them are focused on strategy, structure,

...

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