REPLAY - Wealth Series 2.0 - Episode 14 - Pay Less Taxes

Win Make Give with Ben Kinney

Ben Kinney Training

Education, Self-improvement

4.9 • 1.5K Ratings

🗓️ 6 October 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

*The giveaway has now closed. There is a way to pay fewer taxes legally. In episode fourteen of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams talk about tax incentives and how certain activities earn sizeable tax deductions.

In this episode, we cover the following:

Taxes are your largest single expense [1:53]
Understanding how tax incentives work [5:14]
Taxable income exercises [13:51]
Tax benefits of hiring your children [34:47]
Tax benefits of owning real estate [38:45]
Tax benefits of retirement accounts [40:18]
Tax deduction strategies [40:51]
Reducing taxable income exercises [42:07]

Resources discussed in this episode:

Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly
Download the workbook and resources for Episode 14 at https://winmakegive.com/wealth-part-14/
Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive

Connect with the hosts:

Ben Kinney: https://www.BenKinney.com/
Bob Stewart: https://www.linkedin.com/in/activebob
Chad Hyams: https://ChadHyams.com/
Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/

More ways to connect:

Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up
Explore the Win Make Give Podcast Network: https://WinMakeGive.com/
Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx

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Part of the Win Make Give Podcast Network

Transcript

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0:00.0	Welcome to the win make give well series. This is the remake ladies and gentlemen. This
0:13.2	is like what's the second top gun movie? Maverick. This is like Maverick to the original
0:19.2	top gun which is pretty good which was both amazing. Yeah. Ladies you're here in the background
0:24.2	of the movie advice from Chad Himes and silent Lee Bob Stewart over here which does not
0:30.4	appreciate top gun movies. I'm getting I'm saving all my energy right now because we're
0:34.7	talking taxes and I think sometimes people can get bored, glossed over like I don't understand
0:39.6	it. There's a lot going on. I just I rely on my tax professional. I feel like we got to bring
0:44.0	a little bit of energy to shake people loose here. There I just thought he was on vacation
0:47.3	and not answering. He's saving it up. Where's Bob? Yeah. Where's Bob? Okay. Ladies and gentlemen,
0:53.9	man this has been Kenny. Of course already you already heard from Bob and Chad and Dave in
0:59.6	the background. Hey guys. And we are so excited to be at part 14 of the well series. We we are
1:10.8	calling this one pay less taxes. It's just like pay less drugs. Not to be confused
1:16.7	with pay less for drugs. Drugs are bad. Yes. Drugs are bad. Ladies and gentlemen.
1:21.3	Well the store pay less drugs for that. Sorry. Pay less shoes. Right. Oh, pay less shoes.
1:26.8	I forgot about them. There you go. We are not sponsored by anybody yet if they want to send us
1:30.9	money or free product we will accept it. Except for any money you send is not for tax advice.
1:36.4	Yes. Investment advice or anything that we are not licensed or expert to get.
1:40.8	We want to give this thing away for free. This is what the well series has zero advertising and no
1:46.8	cost. Yes. You get what you pay for people. You get what you pay for. Right. Okay. Here we go.
1:53.2	This is a subject that it means a lot to me and Robert Kiyosaki who author Rich Dad Portad
2:02.0	and cash flow quadrants a lot of things. He says taxes are your largest single expense.
2:09.0	Not today or this year, but in your life, Bob, it's your largest single expense.
	...

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