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The Playbook With David Meltzer

How to Generate Tax-Free Income | Interview With Thaddeus Gala, CEO of the Guardians

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.6 • 1.9K Ratings

🗓️ 13 March 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

Thaddeus Gala, CEO of The Guardians, sits down to share insights on how much time people spend “working for the government” in order to pay taxes, and how service professionals can shift their mindset in order to improve their bottom line revenue. He and host of #ThePlaybook, David Meltzer, chat about wide a range of subjects including what sets Gala’s mastermind group “The Guardians” apart from other programs, the importance of surrounding yourself with the right people and ideas, as well as some of the tax write-offs you need to consider making as an entrepreneur. Gala also shares advice on finding the right CPA for your business. Tweet me your takeaway from today’s episode @davidmeltzer Email Me! [email protected] Sign up for my Free Weekly Training https://free.dmeltzer.com/friday-training-1 Text Me! (949) 298-2905 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

If you're still paying income tax, you haven't figured out the game.

0:05.3

This is the flavor.

0:07.2

I have another special guest, the incredible Thaddeus Gala. He's the CEO of Guardians.

0:14.2

And what is he guarding? I'm telling you, he is the guardian of wealth.

0:17.9

I've gotten to know this guy and talk about situation and knowledge and experience

0:22.5

of how to be a guardian of wealth to allow it to grow, accelerate,

0:27.6

tax-free, what I'm talking about. Welcome to the Playbook Thaddeus.

0:31.6

That's great to be here. Thanks for having me, Dave.

0:34.8

I am just so excited to have you because it's very rare I get to sit down with someone

0:40.6

and realize how little I know about something I think I know a lot about because I've always been,

0:48.3

you know, someone who has studied Rockefeller, family offices, family banks,

0:52.7

understanding asset-based lending and the tax benefit of asset-based lending.

0:59.1

And not only did I sit down with you, but my wife sat down with you and we realized that we're

1:04.4

wasting millions of dollars. Not like thousands, millions of dollars. And when I found out about

1:12.3

this, I had to join your annual retreat. I have to be involved in your community. You're saving

1:19.3

six, seven, even eight-figure from entrepreneurs, including guys like Gary Vee and myself.

1:27.4

And so, you know, how does a guy that's a doctor know more about finance than me and Gary Vee?

1:35.9

Well, I think, I don't know if I know more about it, but I think that's a great question.

1:40.6

I think really it has to do with probably because I'm in healthcare. I've spent so much time

1:45.6

diving in the subjects. I'm really good at reading really boring stuff. And because when I finally

1:52.4

became successful in healthcare, I remember looking down at a quarter million dollar tax bill,

1:58.0

but I only had 30 grand in the bank account. So that started my second career, I don't know,

...

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