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Good Money with Derrick Kinney

Tom Wheelwright—How to Strategically Pay Less Taxes and Keep More of Your Hard-Earned Money

Good Money with Derrick Kinney

Derrick Kinney

Investing, Entrepreneurship, Business

51.5K Ratings

🗓️ 11 July 2022

⏱️ 38 minutes

🧾️ Download transcript

Summary

The word “taxes” probably makes you want to roll your eyes and fall asleep. But what if you thought of taxes as easy and simple to understand? Or, better yet, what if the tax code was your ally, and not your enemy?

My guest today, Tom Wheelwright, is known for making taxes fun, easy and understandable. Tom’s the best-selling author of Tax-Free Wealth and specializes in helping entrepreneurs and investors find strategic ways that permanently reduce their taxes. Today, Tom breaks down simple, little-known things the government incentivizes you to do so you can save on your taxes. And, he explains why you should never make less money to pay less tax.

If you’ve ever thought, “I should start a business,” this is your sign to do it—because starting a business could be one of the biggest tax saving strategies you ever put in place. At the end of this episode, you’ll have a completely new outlook on taxes. And get practical strategies you deserve to save more money on your next tax return.

If you liked this episode, give this one a listen too: Daymond John—Why Financial Intelligence Is the Secret to Making Millions

Get Tom’s bestselling book here: https://amzn.to/3NRNCz2

Order your copy of the USA Today and Wall Street Journal bestselling book Good Money Revolution here: https://amzn.to/34hSonE

For daily tips to help you make and save money, follow us on Instagram @derricktkinney

Here's the Libsyn promo code for you to receive up to 2 months of free podcasting service. It’s what we use for the Good Money podcast. https://signup.libsyn.com/?promo_code=MONEY

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Good Money Podcast, where we help you build your wealth and take control

0:12.1

of your financial future.

0:13.9

I'm your host, Derek Kinney.

0:16.9

I know when I mention the word taxes, you're probably rolling your eyes and about to fall

0:22.1

asleep.

0:23.1

But what if you thought of taxes as easy and simple to understand, or better yet?

0:28.5

What if the tax code was your ally and not your enemy?

0:32.7

My guest today, Tom Wheelwright, is known for making taxes fun, easy and understandable.

0:39.8

Tom's the best-selling author of Tax Free Wealth, and specializes in helping entrepreneurs

0:45.6

and investors find strategic ways that permanently reduce their taxes.

0:50.5

Today, Tom breaks down simple, little-known things the government incentivizes you to do

0:56.6

so you can save on your taxes, and he explains why you should never make less money to pay

1:03.1

less tax.

1:04.1

Plus, if you've ever thought, I should own a business.

1:07.6

This episode is going to motivate you, because starting a business can be one of the biggest

1:12.2

tax-saving strategies you ever put in place.

1:15.6

At the end of this episode, you'll have a completely new outlook on taxes, and you'll

1:20.7

get practical strategies, the ones you deserve, to save more money on your next tax return.

1:27.3

Tom, welcome to the Good Money Podcast.

1:29.6

Thanks, Derek.

1:30.6

Great to be with you.

1:31.6

You know, Tom, in your new book, The Wind, Wind, Wealth Strategy, Seven Investments, The

...

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