Tax Basics: What School Didn't Teach You
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 586 Ratings
🗓️ 15 February 2021
⏱️ 10 minutes
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Summary
Transcript
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| 0:00.0 | finances can be complicated but they don't have to be i break down financial topics that may seem |
| 0:10.9 | complex and overwhelming so you can start taking action on your financial goals i'm auretably |
| 0:17.1 | and it all starts here on Personal Finance Redefined. |
| 0:21.4 | Hello everybody and welcome to another episode of the podcast. |
| 0:24.2 | Hope you've been enjoying it so far. |
| 0:26.1 | You can always go ahead and submit a question if there's anything in particular you would |
| 0:30.5 | like me to talk about on my website, personalfinanceredefined.co. |
| 0:35.4 | And we'll go ahead and get into today's episode. |
| 0:43.3 | So today is about the tax basics, what school didn't teach you. So taxes, in my opinion, may be one of the most important topics, if not the most important topic, |
| 0:49.3 | when it comes to financial planning. |
| 0:51.3 | Now, it's hard to say it's the most important topic because |
| 0:54.3 | some people are hoping to achieve different things than others. Some are hoping to maximize their |
| 0:59.8 | situation. Some are hoping to invest in a way that's aligned with their financial goals, but I believe |
| 1:06.0 | that they must work together to achieve that effectively. So everyone's situation is obviously different, |
| 1:11.9 | but maximizing tax strategies and taking advantage of deductions and other resources can save you |
| 1:17.7 | a ton of money over the long run. So many of my friends, and myself included, wish we learned |
| 1:24.3 | the ins and outs, if not just the basics of taxes when in high school. |
| 1:29.2 | If we know early on how to even file a tax return or even what to look for or maybe even what |
| 1:34.5 | questions to ask a tax preparer, I just always thought that could be so helpful. |
| 1:40.2 | But I didn't learn that. And I'm a big believer in financial literacy |
| 1:44.7 | and that it should be taught in high school, |
| 1:46.8 | but that's a conversation for another day. |
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