Teaching The Money Lessons You Never Learned In School

👉 Learn more a Portfolio Line of Credit: https://teachingmillionaires.com/recommends/m1-finance

The ultra-wealthy like Jeff Bezos and Elon Musk pay significantly less in taxes than everyday Americans – and it's completely legal. In this video, I break down the "Buy, Borrow, Die" strategy that allows billionaires to enjoy a 3% tax rate while restaurant owners write $90,000 checks to the IRS.

Learn how regular people can start implementing this strategy:

✅ Buy assets that appreciate in value
✅ Borrow against those assets (tax-free!)
✅ Pass them to heirs with zero capital gains tax

I'll show you real examples of how everyday investors are using securities-backed lines of credit and portfolio loans to access cash without triggering taxable events.

📖 Chapters
00:00 – How Bezos paid $0 in taxes
00:34 – The $90K tax burden reality
01:41 – The 3% vs 35% tax rate gap
02:43 – Buy, Borrow, Die strategy explained
03:46 – Real estate example: building wealth tax-free
04:45 – How regular people use this strategy
06:13 – The inheritance loophole: step-up basis
07:39 – Three rules for implementing safely

#TaxStrategy #WealthBuilding #BuyBorrowDie #TaxOptimization

⚡️ Connect with Rich:
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🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
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👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.

👉 Learn more about Living Trusts: https://teachingmillionaires.com/recommends/living-trust

🎯 FREE Guide Living Trust Checklist: https://pages.teachingmillionaires.com/living-trust

When my friend Noah faced a serious health diagnosis, I realized most people don't understand how important proper estate planning is – especially living trusts. In this video, I share Noah's story and break down:

– Why 67% of Americans are making a costly mistake
– How probate court can cost your family up to $35,000 and 17 months of stress
– The simple steps to set up a living trust (even if you're not wealthy)
– Why this isn't just about money, but protecting your family's future

Have you dealt with probate court? Share your story in the comments below – it might help someone else!

📖 Chapters
00:00 A Late Night Call That Changed Everything
02:01 My Trust Obsession: Researching Estate Planning
03:29 The Painful Truth About Probate Court
04:03 Living Trusts: What They Really Are
05:27 Setting Up Your Trust: Simple Steps
06:51 How Helping Noah Changed Me Too
07:24 The Real Cost of Not Having a Trust
08:28 It's Not Just About Death – Protecting Your Family While You're Alive
09:53 Who Really Needs a Living Trust?

#estateplanning #livingtrust #probate

⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
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🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
🎧 Spotify – https://teachingmillionaires.com/spotify-podcast

👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.

Saying "no" to my kids wasn’t just about skipping summer camp—it was about something much bigger. 💔 That moment stuck with me, pushing me to take a financial leap I wasn’t sure I was ready for. But what if I didn’t? What if I stayed stuck? This is the decision that changed EVERYTHING. Watch now. 🚀 #ParentGuilt #EntrepreneurDad #WhatIf

🎯 FREE Guide SEP IRA vs Solo 401(k): https://pages.teachingmillionaires.com/sep-vs-solo401k

🔥 In this video, I break down the critical differences between SEP IRAs and Solo 401(k)s for entrepreneurs, freelancers, and side-hustlers. Discover which account lets you contribute nearly DOUBLE, offers Roth options, and provides more flexibility for irregular income.

🔑 KEY HIGHLIGHTS:
00:00 – My $12,000 tax mistake
02:31 – SEP IRA vs Solo 401(k): The basics explained
05:23 – The shocking contribution difference
07:07 – Tax-free growth with Roth options
08:10 – Which plan is easier to manage?
09:42 – Perfect for "lumpy" irregular income
10:12 – Emergency access to your money

#RetirementPlanning #TaxStrategy #SEPvsSOLO

⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
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🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
🎧 Spotify – https://teachingmillionaires.com/spotify-podcast

👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.

Mind blown! Opting for S Corp saved us thousands in taxes. Learning curve and stumbles included, but playing smart pays off! 💡💰 #taxsavings

(ad) 👉 Learn more about LLC Setup: https://teachingmillionaires.com/recommends/incfile

👉 Learn more about LLC Setup: https://teachingmillionaires.com/recommends/incfile

🔥 Setting up an LLC can feel overwhelming—especially when you’re staring at a $750 decision that could change everything. In this video, I’ll share the secrets I learned the hard way, including how to avoid costly mistakes and maximize your tax savings. From choosing the right tax structure to the one switch that saved me thousands, this step-by-step guide is designed to make your LLC setup smooth and stress-free.

📖 Chapters
00:00 The Night Everything Changed
00:31 Hovering Over the Submit Button
00:58 Flashback: Financial Struggles Two Years Earlier
01:56 The Decision That Started It All
02:52 Seeking Advice from a Friend
03:48 What's Stopping You from Starting?
04:47 "What If It Works?" The Turning Point
05:40 Life as a Business Owner: Lessons Learned
06:14 The Tax Game-Changer: Switching to an S-Corp
07:11 Learning Through Mistakes and Growth
07:38 From Teacher to Business Owner: Life Transformation
08:30 Finding Balance and Being Present
09:24 Inspiring the Next Generation of Entrepreneurs
10:18 LLC Startup Checklist: Steps to Get Started
10:45 Success Beyond the Bank Account: A New Family Legacy

#LLCSetup #TaxSavingsTips #BusinessOwnerAdvice

⚡️ Connect with Rich:
▶️ Subscribe for weekly financial insights: https://teachingmillionaires.com/youtube-subscribe
📱 Follow on Instagram: https://teachingmillionaires.com/instagram
✖️ X: https://teachingmillionaires.com/twitter
📘 Facebook: https://teachingmillionaires.com/fbgroup
🌐 Website: https://teachingmillionaires.com
🎧 Apple Podcasts – https://teachingmillionaires.com/apple-podcast
🎧 Spotify – https://teachingmillionaires.com/spotify-podcast

👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.