How to (LEGALLY) Pay $0 In Taxes | Why The Rich Don’t Pay Taxes? With Shannon Weinstein
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 4 October 2023
⏱️ 102 minutes
🧾️ Download transcript
Summary
In this episode, Ryan is joined by Shannon Weinstein, a CPA with 15 years of experience and host of the podcast, Keep What You Earn, which the IRS isn't fond of.
Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyway.co/yt
---
Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/
Would you like my team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9
Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy
Create your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50d
Want to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/
You can invest in my real estate deals! Go to https://pinedacapital.com
---
Connect with Shannon!
Website - https://www.keepwhatyouearn.com/power-sessions
https://www.fitnancialsolutions.com/
Instagram - https://www.instagram.com/keepwhatyouearn/
https://www.instagram.com/shannonkweinstein/
Shannon has successfully transitioned from her corporate job to running a thriving side hustle while living in Costa Rica.
They discuss how being overly detail-oriented can hinder entrepreneurship, particularly for accountants who tend to be risk-averse.
Understanding financial statements like the P&L and balance sheets is crucial, yet few are proficient in this area. Shannon left her nine-to-five job to focus on her side hustle, stressing that there are plenty of job opportunities; giving oneself six months to commit to a side business is wise.
Shannon and her husband are both entrepreneurs, planning to balance work when they start their family through adoption.
Her consulting business assists founders with strategic decisions, analyzing trends, performance, marketing spending, and cost-efficiency. Shannon takes care of the numbers, allowing clients to focus on their core business.
Shannon recommends that every business establish some form of recurring revenue, emphasizing that founders often des
Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/
Want to work 1:1 with Ryan Pineda? Apply at ryanpineda.com
Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/
Want to grow your business and network with elite entrepreneurs on world-class golf courses? Apply now to join Mastermind19 – Ryan Pineda’s private golf mastermind for high-level founders and dealmakers. www.mastermind19.com
---
About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
...
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I don't know what the legal answer is, but I'll just ask you. |
| 0:01.8 | So when would you advise an entrepreneur to actually pay their taxes? |
| 0:05.9 | Today, I've got a CPA and she's not your normal CPA. |
| 0:09.5 | She's got a top podcast. |
| 0:11.2 | She actually calls it the IRS's least favorite podcast. |
| 0:14.8 | So she has a lot of insight on everything that's going on in the economy |
| 0:18.2 | and how to run your business better. |
| 0:19.4 | This happened to a friend. |
| 0:20.4 | He had two choices. |
| 0:21.4 | It was either pay his taxes or pay this other thing. |
| 0:24.2 | He chose to pay his taxes. |
| 0:25.4 | And now he's got this thing that's a far bigger liability |
| 0:29.6 | and problem for his business, his life and everything else. |
| 0:32.6 | So the IRS is actually insanely flexible. |
| 0:35.8 | Yeah, because they would rather get a little bit up front |
| 0:37.7 | and put the rest on payment plan. |
| 0:39.4 | So you can spread it out over 72 months. |
| 0:41.2 | If it's like under 50 grand, you can get it approved online through a form. |
| 0:43.9 | If you take nothing else away from this episode, |
| 0:45.8 | yeah, you have |
| 0:49.3 | what's going on wealth butters today. |
| 0:50.8 | I've got a CPA on the show and she's not your normal CPA. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ryan Pineda, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ryan Pineda and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

