How the rich avoid paying taxes...MY strategy - Part 1 | Ep 312

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 24 June 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Don’t think rich, think wealthy! Today, Alex (@AlexHormozi) talks about the tax strategies that the ultra-wealthy do to maintain their wealth, and get you to change your perspective so you can not only make big changes in your life but also become one of them in the future!

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:36) - The first strategy is planning where you live (i.e. tax state or country you live in)

(5:33) - The second strategy involves looking at your overall net worth and how to increase it

(8:56) - Another strategy the ultra-wealthy realized revolves around assets and taking loans against those assets

(10:30) - the ultra-wealthy play the game by not doing “hacks”, it’s about understanding that they’re not even playing the game

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Transcript

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0:00.0	What's going on everybody?
0:01.0	I'm bringing some more books, but I wanted to say that if you haven't checked out $100
0:03.8	million offers, I would definitely suggest that you start there.
0:06.3	I've gotten some solid feedback and it couldn't be happier with this number one ranking
0:09.9	on Amazon for direct marketing and over 5,000 five star reviews.
0:13.8	So thank you guys so much for that.
0:15.2	It's 164 pages.
0:16.2	I really can help you out.
0:17.8	It takes about four hours to get through.
0:19.6	Check it out on Amazon.
0:20.6	The Kindle book is 99 cents.
0:22.5	The audiobook is as low as they'll let me put it on for it.
0:24.7	So I think it's 12 bucks.
0:26.2	So enjoy that and let's start the podcast.
0:29.0	Do think about them because all the friends that I have that are worth 300,000,500,000,
0:32.8	a billion plus, they think about it differently.
0:35.3	And so if I could change a perspective around it, you'll realize that most of the things
0:38.4	that must be full of stress about actually don't matter.
0:41.4	Welcome to the game where we talk about how to get more customers, how to make more
0:44.0	customers, how to keep them longer, and the many failures and lessons we have learned
0:47.2	along the way.
0:48.2	I hope you enjoy and subscribe.
	...

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