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How To AVOID Paying Taxes Legally (Without Investing)

Published on: December 4 2022 by Hayden Bowles

How To AVOID Paying Taxes Legally (Without Investing)

How To AVOID Paying Taxes Legally (Without Investing)

startTime durationTime text
00:00:00 00:00:03 you want this money to stay this money
00:00:02 00:00:04 you don't want this
00:00:03 00:00:06 to turn into this where it goes in half
00:00:04 00:00:08 you know that's typically what happens
00:00:06 00:00:08 and it's not fun so
00:00:15 00:00:18 as a business owner there's a lot of
00:00:17 00:00:21 different expenses
00:00:18 00:00:23 that i have employees softwares
00:00:21 00:00:25 monthly overhead on different e-commerce
00:00:23 00:00:27 stores different things that i pay for
00:00:25 00:00:29 consistently it can be one-time things
00:00:27 00:00:30 monthly fees but one of the biggest
00:00:29 00:00:33 expenses typically
00:00:30 00:00:34 the biggest expense in anybody's life
00:00:33 00:00:35 that most people don't really think they
00:00:34 00:00:37 have much
00:00:35 00:00:39 choice over is actually the amount of
00:00:37 00:00:41 money you pay in taxes
00:00:39 00:00:42 business owners especially just like
00:00:41 00:00:44 real estate investors
00:00:42 00:00:45 have many things at their disposal that
00:00:44 00:00:48 they can do
00:00:45 00:00:49 to significantly lower or sometimes
00:00:48 00:00:52 completely eliminate
00:00:49 00:00:53 their tax bill so in this video i'm
00:00:52 00:00:54 going to share with you different things
00:00:53 00:00:56 you can do even if you don't have a
00:00:54 00:00:57 legal business set up
00:00:56 00:01:00 stuff you can do for free stuff that
00:00:57 00:01:01 costs 50 bucks they can save you tens of
00:01:00 00:01:02 thousands hundreds of thousands of
00:01:01 00:01:03 dollars
00:01:02 00:01:04 depending on how much money your
00:01:03 00:01:05 business is making we're going to go
00:01:04 00:01:07 through this because
00:01:05 00:01:08 something as simple as a 10 to 15 minute
00:01:07 00:01:11 youtube video like this
00:01:08 00:01:12 will by far give you more value than any
00:01:11 00:01:13 school will teach you about
00:01:12 00:01:15 taxes toking about different things
00:01:13 00:01:17 that even most business owners
00:01:15 00:01:19 don't know they can legally do and just
00:01:17 00:01:21 for clarification here and a little bit
00:01:19 00:01:23 of social proof i guess
00:01:21 00:01:24 i now pay less than four percent a year
00:01:23 00:01:26 in taxes
00:01:24 00:01:28 i'm not toking about state i'm not
00:01:26 00:01:31 toking about federal i'm toking about
00:01:28 00:01:32 total okay and that is absolutely
00:01:31 00:01:34 bonkers and i'm going to explain
00:01:32 00:01:36 by the end of this video how you can do
00:01:34 00:01:37 the same the different places that you
00:01:36 00:01:39 can do this the different structures
00:01:37 00:01:41 entity setups and stuff like that it's
00:01:39 00:01:42 really not all that complicated to do so
00:01:41 00:01:44 make sure to smash a quick like down
00:01:42 00:01:45 below if you're new to the channel it'd
00:01:44 00:01:46 mean the world if you subscribe
00:01:45 00:01:48 real quick and with that being said
00:01:46 00:01:51 let's jump inside of my computer okay
00:01:48 00:01:52 tax strategies for business owners
00:01:51 00:01:55 here's some of the basic
00:01:52 00:01:57 benefits of a business okay an llc
00:01:55 00:01:58 which is the most basic form that you
00:01:57 00:02:00 can set up a limited liability
00:01:58 00:02:02 corporation costs a couple hundred bucks
00:02:00 00:02:04 and llc provides you with basic legal
00:02:02 00:02:06 protection not much but there's
00:02:04 00:02:07 definitely some legal protection there
00:02:06 00:02:09 obviously all the stuff in this video is
00:02:07 00:02:10 an opinion get legal consultation if
00:02:09 00:02:10 you're actually going to do some of it
00:02:10 00:02:12 but
00:02:10 00:02:14 an llc or any sort of business entity
00:02:12 00:02:15 allows you to take proper write-offs
00:02:14 00:02:18 very easily
00:02:15 00:02:19 and have full deductible expenses inside
00:02:18 00:02:21 of your business okay
00:02:19 00:02:22 you can still do this and by the way
00:02:21 00:02:25 this is where things get crazy with a
00:02:22 00:02:28 dba which stands for doing business as
00:02:25 00:02:30 and no llc so for an example when i was
00:02:28 00:02:32 16 17 starting to make money it was six
00:02:30 00:02:33 figures then multi-six figures and seven
00:02:32 00:02:34 figures in revenue
00:02:33 00:02:37 inside of my business when i was very
00:02:34 00:02:39 young i got terrible tax advice from an
00:02:37 00:02:41 awful cpa in minnesota
00:02:39 00:02:42 who said no you don't need an llc just
00:02:41 00:02:45 open a dba
00:02:42 00:02:47 50 is all it cost it basically gives you
00:02:45 00:02:48 an ein like a legal tax number to open a
00:02:47 00:02:50 bank
00:02:48 00:02:52 but everything is still tied to you
00:02:50 00:02:52 personally so the tax benefits are
00:02:52 00:02:54 limited
00:02:52 00:02:56 you can't set up retirement accounts for
00:02:54 00:02:58 your personal self there's nothing you
00:02:56 00:02:59 can do in terms of legal protection it's
00:02:58 00:03:01 all you
00:02:59 00:03:03 personally and that's not a good idea so
00:03:01 00:03:04 getting an llc is super basic another
00:03:03 00:03:07 benefit of a business
00:03:04 00:03:09 payroll yourself a personal salary so
00:03:07 00:03:10 out of the company you'll be setting up
00:03:09 00:03:12 a payroll so for an example i'll explain
00:03:10 00:03:15 this by the end of the video how i pay
00:03:12 00:03:16 very very little in taxes my company can
00:03:15 00:03:18 pay next to nothing in taxes
00:03:16 00:03:20 and then i payroll myself a small but
00:03:18 00:03:23 reasonable salary
00:03:20 00:03:24 and pay normal personal tax on that so
00:03:23 00:03:26 there's different things you can do but
00:03:24 00:03:28 as a business being able to deduct money
00:03:26 00:03:29 from the businesses profit to pay
00:03:28 00:03:30 yourself there can be a lot of
00:03:29 00:03:32 advantages to that
00:03:30 00:03:34 now there's also different options for
00:03:32 00:03:36 personal and company matching
00:03:34 00:03:37 for retirement accounts so as someone
00:03:36 00:03:39 who's self-employed you could go set up
00:03:37 00:03:40 a step by array there's different roth
00:03:39 00:03:41 iras and different things that you can
00:03:40 00:03:43 set up
00:03:41 00:03:44 you can get very easy advice on these
00:03:43 00:03:45 and just read about the five different
00:03:44 00:03:47 types of retirement accounts that
00:03:45 00:03:49 are typically primary ones that people
00:03:47 00:03:52 select well not only can you contribute
00:03:49 00:03:53 to that either tax deferred until later
00:03:52 00:03:55 or pay the tax on the front end but your
00:03:53 00:03:56 business can also do certain levels of
00:03:55 00:03:58 matching
00:03:56 00:03:59 and that can be an additional write-off
00:03:58 00:04:00 that actually saves your mo your company
00:03:59 00:04:02 money
00:04:00 00:04:04 in the long run so there are a lot of
00:04:02 00:04:05 benefits as a business so let's get that
00:04:04 00:04:07 out of the way now now stay with me
00:04:05 00:04:09 now we're going to tok about the actual
00:04:07 00:04:09 tax advantages the different things you
00:04:09 00:04:11 can do
00:04:09 00:04:12 the very easy stuff this is what i
00:04:11 00:04:14 consider the low-hanging fruit and then
00:04:12 00:04:15 we're gonna get into the crazy stuff
00:04:14 00:04:17 where you can pay
00:04:15 00:04:19 little to zero okay so the tax
00:04:17 00:04:21 advantages that i've used number one
00:04:19 00:04:22 i moved to a lower income tax state i
00:04:21 00:04:24 lived in minnesota
00:04:22 00:04:26 minnesota is actually one of the highest
00:04:24 00:04:27 income tax the third or fourth
00:04:26 00:04:29 which makes no sense it's not a very
00:04:27 00:04:30 good state in my opinion but i moved to
00:04:29 00:04:32 california now that's going in the
00:04:30 00:04:34 opposite direction but i didn't
00:04:32 00:04:35 tiknically live there on paper
00:04:34 00:04:37 for long enough to need to claim
00:04:35 00:04:38 residency so i was still paying
00:04:37 00:04:40 minnesota tax
00:04:38 00:04:41 living in california for a bit then i
00:04:40 00:04:43 got a place in arizona so i started
00:04:41 00:04:44 splitting my time between arizona and
00:04:43 00:04:46 california and then eventually got rid
00:04:44 00:04:48 of my place in california
00:04:46 00:04:50 so i went to arizona where the personal
00:04:48 00:04:54 income tax bracket there is 5.5 percent
00:04:50 00:04:55 so that's almost a 50 reduction from
00:04:54 00:04:57 what i was previously paying
00:04:55 00:04:58 and i don't like to tok about my exact
00:04:57 00:05:00 income but that was a freaking nice
00:04:58 00:05:01 amount of change i mean i could go buy a
00:05:00 00:05:02 crazy car
00:05:01 00:05:05 i could invest in real estate i could do
00:05:02 00:05:07 something with just the personal savings
00:05:05 00:05:09 on the state income tax side of things
00:05:07 00:05:10 so a lot of people have been doing this
00:05:09 00:05:12 you see a lot of people moving from
00:05:10 00:05:13 california to texas like joe rogan
00:05:12 00:05:15 you see a lot of people moving from
00:05:13 00:05:16 california to las vegas there's a ton of
00:05:15 00:05:17 people who have done that i have friends
00:05:16 00:05:18 who have done that
00:05:17 00:05:20 there's also people who are moving from
00:05:18 00:05:22 california or other places to puerto
00:05:20 00:05:23 rico like logan paul he's joining me
00:05:22 00:05:25 down here that's where i'm sitting right
00:05:23 00:05:26 now there's different things you can do
00:05:25 00:05:28 to move to a no
00:05:26 00:05:30 or a low income tax state that's from a
00:05:28 00:05:32 personal income side your llc and s
00:05:30 00:05:34 corp depending on what your legal
00:05:32 00:05:35 structure is for example an llc filed as
00:05:34 00:05:36 an s corp
00:05:35 00:05:38 is still tiknically a pass through to
00:05:36 00:05:40 your personal self so there's still
00:05:38 00:05:41 personal income paid on that there's
00:05:40 00:05:42 again tok to a cpa on this side of
00:05:41 00:05:43 things
00:05:42 00:05:45 but there's a lot of different
00:05:43 00:05:46 advantages to paying lower state income
00:05:45 00:05:48 tax okay
00:05:46 00:05:49 writing things off for business use that
00:05:48 00:05:50 are legitimate so for example when you
00:05:49 00:05:52 have a business
00:05:50 00:05:54 i can write off home office space for
00:05:52 00:05:55 the last couple of years i've lived in
00:05:54 00:05:57 homes that are
00:05:55 00:05:58 about 6 000 square feet or larger i
00:05:57 00:06:00 usually lived with one or two other
00:05:58 00:06:02 people the cost really wasn't that much
00:06:00 00:06:05 i mean we're not toking about a 20 000
00:06:02 00:06:06 a month house but nonetheless i had a
00:06:05 00:06:09 separate room
00:06:06 00:06:11 an entire room that was an office then
00:06:09 00:06:11 i'd have another room that's a studio
00:06:11 00:06:13 for filming
00:06:11 00:06:15 different things i'd work in the main
00:06:13 00:06:17 area you know we'd more so use this
00:06:15 00:06:19 room with a huge conference table so for
00:06:17 00:06:21 example one house that i had the entire
00:06:19 00:06:21 basement which was probably 2500 square
00:06:21 00:06:23 feet
00:06:21 00:06:24 was complete office space all the
00:06:23 00:06:25 bedrooms in the basement were office
00:06:24 00:06:26 space
00:06:25 00:06:28 it was just used as a home office and we
00:06:26 00:06:30 dedicated that extra space to it
00:06:28 00:06:31 so we were actually able to deduct about
00:06:30 00:06:34 30 plus percent
00:06:31 00:06:35 of our home expenses under the business
00:06:34 00:06:37 because we use it
00:06:35 00:06:38 solely for business purposes so home
00:06:37 00:06:40 office space is a great thing i mean for
00:06:38 00:06:43 me i was easily writing off 10 to 20
00:06:40 00:06:45 000 a year in housing expenses just
00:06:43 00:06:47 because i had a home office
00:06:45 00:06:48 now at one point i had a home office
00:06:47 00:06:49 plus a real office
00:06:48 00:06:51 right before cove would happen when i
00:06:49 00:06:52 had all my employees go into an actual
00:06:51 00:06:54 office
00:06:52 00:06:55 well then obviously i was able to deduct
00:06:54 00:06:56 both because you can still work from
00:06:55 00:06:57 home i work from home part time i work
00:06:56 00:06:59 from the office part-time
00:06:57 00:07:00 you get to pick and choose so there's
00:06:59 00:07:02 different things when you have space
00:07:00 00:07:04 designated for work number three
00:07:02 00:07:06 spending money in advance before the end
00:07:04 00:07:07 of the fiscal year this is something i
00:07:06 00:07:08 did a good amount of before i moved to
00:07:07 00:07:10 puerto rico
00:07:08 00:07:11 i knew that there were employees that i
00:07:10 00:07:13 had absolutely no intention of letting
00:07:11 00:07:13 go and i knew they did not want to leave
00:07:13 00:07:15 the company
00:07:13 00:07:17 so i paid some of their base salaries in
00:07:15 00:07:18 advance i did not front anyone
00:07:17 00:07:19 commission
00:07:18 00:07:20 even though i thought about doing that
00:07:19 00:07:21 because i could take an average of the
00:07:20 00:07:23 last 12 months
00:07:21 00:07:24 how much money has this person made in
00:07:23 00:07:26 commission from sales commission
00:07:24 00:07:28 how much has this media buyer made from
00:07:26 00:07:28 their commission from the net profit of
00:07:28 00:07:30 sales
00:07:28 00:07:32 i could have paid that in advance i
00:07:30 00:07:33 thought about it i ended up not doing it
00:07:32 00:07:34 i probably should have
00:07:33 00:07:36 but i paid for a lot of stuff like that
00:07:34 00:07:37 in advance base salaries i bought a
00:07:36 00:07:38 bunch of business equipment you know
00:07:37 00:07:40 okay i needed a new laptop
00:07:38 00:07:42 i made sure to buy that a new phone new
00:07:40 00:07:44 camera i bought some basic stuff that i
00:07:42 00:07:46 needed a bunch of chargers and whatever
00:07:44 00:07:47 tried to buy some bigger tiket items i
00:07:46 00:07:49 also spent about three hundred thousand
00:07:47 00:07:50 dollars on inventory for one of my
00:07:49 00:07:52 e-commerce businesses
00:07:50 00:07:54 so i was able to take that right off on
00:07:52 00:07:56 the last year where it was really
00:07:54 00:07:58 making a big difference because now i
00:07:56 00:07:59 live in puerto rico so there's different
00:07:58 00:08:00 things like that that you could do even
00:07:59 00:08:02 just before the end of the fiscal year
00:08:00 00:08:04 to take a huge extra write-off
00:08:02 00:08:06 and try to somewhat deplete that net
00:08:04 00:08:07 profit on paper for the year
00:08:06 00:08:09 so spending money in advance can be a
00:08:07 00:08:11 great way now number four
00:08:09 00:08:12 moving to one of the few tax havens that
00:08:11 00:08:14 some businesses
00:08:12 00:08:15 can qualify for this is where we get
00:08:14 00:08:17 into the interesting stuff the stuff
00:08:15 00:08:18 that isn't really floating around you
00:08:17 00:08:20 certainly won't learn about it in school
00:08:18 00:08:21 but it's completely legal it's
00:08:20 00:08:22 definitely not for everybody so for an
00:08:21 00:08:23 example if you have
00:08:22 00:08:26 a you're a doctor and you have a
00:08:23 00:08:28 doctor's office or a massage parlor
00:08:26 00:08:29 you can't really do that because your
00:08:28 00:08:31 clients are located in one area you have
00:08:29 00:08:32 an office and employees
00:08:31 00:08:33 there are a lot of restrictions you'd
00:08:32 00:08:34 have to look into i've toked about in
00:08:33 00:08:36 other videos
00:08:34 00:08:37 but there's different tax havens zero
00:08:36 00:08:39 percent in taxes
00:08:37 00:08:41 four percent in taxes it depends on
00:08:39 00:08:43 where you're going so to my knowledge
00:08:41 00:08:44 based on my opinion my research and all
00:08:43 00:08:45 the people i've toked to for u.s
00:08:44 00:08:47 residents
00:08:45 00:08:48 it kind of sucks because as a us
00:08:47 00:08:50 resident myself
00:08:48 00:08:51 there's actually less options than
00:08:50 00:08:53 someone who lives anywhere else in the
00:08:51 00:08:55 world so if you live outside the united
00:08:53 00:08:56 states you have more options
00:08:55 00:08:58 doesn't mean the options are better just
00:08:56 00:09:00 means you have more options so
00:08:58 00:09:02 to keep your citizenship i wanted to
00:09:00 00:09:03 keep my citizenship the only option i
00:09:02 00:09:05 had was to move to puerto rico
00:09:03 00:09:07 if i wanted to actually very much so
00:09:05 00:09:10 deplete my tax bill
00:09:07 00:09:12 i was going to move to texas or florida
00:09:10 00:09:14 and florida is very similar to puerto
00:09:12 00:09:16 rico it's only about two hours south
00:09:14 00:09:17 texas is obviously completely different
00:09:16 00:09:19 but that would just be minimizing my tax
00:09:17 00:09:21 bill by another 5.5 percent
00:09:19 00:09:23 so would it have made a difference yeah
00:09:21 00:09:25 absolutely but it's not
00:09:23 00:09:26 like enough of an incentive for me i was
00:09:25 00:09:28 like no i really like arizona
00:09:26 00:09:30 arizona is where all my real estate is
00:09:28 00:09:32 where my company is employees office
00:09:30 00:09:33 all my cars my properties i love
00:09:32 00:09:34 skydiving here just had a lot of friends
00:09:33 00:09:36 i was like no i'd rather just
00:09:34 00:09:38 pay the 5.5 and probably live there or
00:09:36 00:09:40 split my time i hadn't decided
00:09:38 00:09:41 but puerto rico was an option that
00:09:40 00:09:42 opened up that i'd been looking into for
00:09:41 00:09:45 some while
00:09:42 00:09:47 for some time which offers zero and
00:09:45 00:09:48 four percent tax depending on what
00:09:47 00:09:51 you're doing so there's different acts
00:09:48 00:09:52 there's act 20 act 22 act 60 exact 183
00:09:51 00:09:53 there's a bunch of different things in
00:09:52 00:09:55 different groups that you can join
00:09:53 00:09:56 where depending on what you're doing
00:09:55 00:09:58 capital gains like if you're a stok
00:09:56 00:09:59 trader it can be zero percent
00:09:58 00:10:00 so i know multiple stok traders and day
00:09:59 00:10:01 traders out here that make millions of
00:10:00 00:10:04 dollars a year
00:10:01 00:10:05 they pay literally zero dollars now
00:10:04 00:10:06 there's a five thousand dollar filing
00:10:05 00:10:07 fee every year ten thousand dollar
00:10:06 00:10:08 donation different requirements you
00:10:07 00:10:10 gotta buy a property
00:10:08 00:10:12 um but i pay four percent corporate tax
00:10:10 00:10:15 here versus
00:10:12 00:10:17 37 in the u.s for my llc
00:10:15 00:10:19 and s corps so it's a phenomenal
00:10:17 00:10:20 difference and then i still pay a
00:10:19 00:10:23 typical
00:10:20 00:10:25 personal income salary on my income
00:10:23 00:10:26 from a personal perspective so that's
00:10:25 00:10:28 where things get a little bit shakier i
00:10:26 00:10:29 pay about 33
00:10:28 00:10:31 but i'm not paying myself a million
00:10:29 00:10:32 dollars i'm not paying myself 300 000
00:10:31 00:10:34 i pay myself a very reasonable salary
00:10:32 00:10:35 right so you can really lower your taxes
00:10:34 00:10:37 to where it's really on average like
00:10:35 00:10:38 five to six percent
00:10:37 00:10:40 definitely under 10 depending on your
00:10:38 00:10:41 income and how diluted that personal
00:10:40 00:10:43 salary is going to make it
00:10:41 00:10:45 and you can save a ton of money now if
00:10:43 00:10:47 you're a us resident who wants to give
00:10:45 00:10:48 up your citizenship which is not an
00:10:47 00:10:49 option for me
00:10:48 00:10:51 u.s virgin islands i know two people who
00:10:49 00:10:53 live there dubai i know three people who
00:10:51 00:10:53 live here panama i don't know anybody
00:10:53 00:10:56 who lives there
00:10:53 00:10:58 there's also many many more options
00:10:56 00:10:59 again the door opens up if you are not
00:10:58 00:11:00 from the u.s
00:10:59 00:11:02 or if you're willing to give up your
00:11:00 00:11:03 citizenship so it's a little bit harder
00:11:02 00:11:04 if you're just trying to give up your
00:11:03 00:11:05 citizenship and go anywhere but like
00:11:04 00:11:07 dubai
00:11:05 00:11:08 zero percent u.s virgin islands i
00:11:07 00:11:10 believe zero percent panama
00:11:08 00:11:13 i think zero percent there's different
00:11:10 00:11:15 work visas so like work visa programs in
00:11:13 00:11:16 portugal and different spots to give you
00:11:15 00:11:18 some tax benefits it's definitely not
00:11:16 00:11:19 zero i don't know if you have to give it
00:11:18 00:11:21 your citizenship
00:11:19 00:11:22 citizenship on those but it's just all
00:11:21 00:11:24 dependent on what you want to do so
00:11:22 00:11:26 as a business owner if you're someone
00:11:24 00:11:27 that has a lot of flexibility
00:11:26 00:11:29 you might have friends and family in one
00:11:27 00:11:30 location but if you can take advantage
00:11:29 00:11:32 of a different tax haven
00:11:30 00:11:34 and save a ton of money you're actually
00:11:32 00:11:35 eliminating the single biggest expense
00:11:34 00:11:38 most people say oh
00:11:35 00:11:38 housing is my biggest expense no it's
00:11:38 00:11:41 probably not
00:11:38 00:11:42 most people don't consider the tax side
00:11:41 00:11:43 of things and they don't think that
00:11:42 00:11:45 that's something they can change so
00:11:43 00:11:47 as a business owner the options open up
00:11:45 00:11:48 but the tax game
00:11:47 00:11:50 requires that you have some amount of
00:11:48 00:11:52 money to play around with
00:11:50 00:11:54 if you have no money there's no game
00:11:52 00:11:55 that you can play with the taxes
00:11:54 00:11:56 so that's always why we always go back
00:11:55 00:11:58 to that original thing of build the
00:11:56 00:11:59 business get the income
00:11:58 00:12:01 then the doors open up for things you
00:11:59 00:12:02 can do from right off perspectives
00:12:01 00:12:03 searching for tax havens
00:12:02 00:12:05 different things that you can do
00:12:03 00:12:06 completely legally and completely
00:12:05 00:12:08 ethically
00:12:06 00:12:09 to help take advantage of different
00:12:08 00:12:10 systems to benefit your business i'm now
00:12:09 00:12:11 able
00:12:10 00:12:13 to hire more people i can pay them
00:12:11 00:12:14 better i can outbid my competition for
00:12:13 00:12:15 customers
00:12:14 00:12:17 we can offer better customer support we
00:12:15 00:12:18 can build a better product because we
00:12:17 00:12:21 have a higher net margin now
00:12:18 00:12:22 so there's actually so many benefits as
00:12:21 00:12:24 well as now i have more personal money
00:12:22 00:12:25 to invest i take some of those savings
00:12:24 00:12:27 put it right back into the company money
00:12:25 00:12:28 that i couldn't and wouldn't have spent
00:12:27 00:12:29 before
00:12:28 00:12:30 and i take a chunk of that and i go
00:12:29 00:12:31 invest it back in the states in real
00:12:30 00:12:32 estate
00:12:31 00:12:34 so there's a bunch of things you can do
00:12:32 00:12:36 this is just my perspective on different
00:12:34 00:12:37 tax strategies so that i got my money
00:12:36 00:12:39 prop it's actually a real hundred
00:12:37 00:12:39 dollars it's my only hundred dollar bill
00:12:39 00:12:42 that i have
00:12:39 00:12:43 but you save some money right the goal
00:12:42 00:12:45 is to make it
00:12:43 00:12:46 and then keep it you want this money to
00:12:45 00:12:48 stay this money you don't want this
00:12:46 00:12:49 to turn into this where it goes in half
00:12:48 00:12:50 you know that's typically what happens
00:12:49 00:12:52 and it's not fun
00:12:50 00:12:53 so yeah i hope you enjoyed this video a
00:12:52 00:12:54 lot of different tax benefits we're
00:12:53 00:12:55 looking for something to help make some
00:12:54 00:12:56 money
00:12:55 00:12:58 we have a bunch of fun videos on this
00:12:56 00:12:59 channel real estate ecommerce you can
00:12:58 00:13:00 also check out the ecommerce programs
00:12:59 00:13:02 linked in the description below
00:13:00 00:13:04 teaching you all things e-commerce drop
00:13:02 00:13:05 shipping branded drop shipping
00:13:04 00:13:07 um holding inventory we toked about
00:13:05 00:13:08 facebook ads bunch of different things
00:13:07 00:13:11 that i've been doing for over five years
00:13:08 00:13:12 that is ultimately what i do to this day
00:13:11 00:13:13 so it's been a lot of fun i hope you
00:13:12 00:13:15 enjoyed this video make sure to drop a
00:13:13 00:13:15 quick like if you have any questions at
00:13:15 00:13:17 all
00:13:15 00:13:18 again i just i think i legally have to
00:13:17 00:13:20 say this is just my opinion
00:13:18 00:13:22 but i mean i've spent a lot of money in
00:13:20 00:13:24 consulting and done a lot of research
00:13:22 00:13:26 so this is obviously what i do right now
00:13:24 00:13:28 and i'm sitting in puerto rico
00:13:26 00:13:29 as i speak so hope you enjoyed this
00:13:28 00:13:30 video if you have questions
00:13:29 00:13:35 ask it and with that being said i'll see
00:13:30 00:13:35 you in the next video peace