Episode 60: Protecting Your Income & Minimizing Your Tax Burden as a High Tax Bracket Entrepreneur w/Mark Seither

SHOW NOTES:

This week next level entrepreneur Mark Seither and I took the conversation to another level as we chatted about how to protect your income and minimize tax burden as an entrepreneur.

Highlights from the conversation:

Mark Seither: Owner of Kingsview Partners. Host of Health Preservation Podcast.

How to make money?

● One thing we look at like especially on the real estate side is stop, look around, and ask about what’s going on. Timing is key, and planning is key. Knowing what to do and how to do it can be the difference between making little or big money.

● Create multiple streams of income.

How to save money?

● Take time to educate yourself financially. When you understand what's important to you, then you know the questions to ask.

● If you have pre tax money, and not in a high tax bracket, paying as much taxes as possible while in a low tax bracket and translate into a huge amount of money saved.

● Preserve wealth as you build it, especially in passive investment.

● Check the movement of your money. Map where it should go, when, and in which vehicle.

Don’t trust money strategists who:

● Stay things like “ I'm going to beat the market investment-wise, and that's why you should choose me.”

● Doesn’t educate you and just tells you that everything is going to be ok.

● Isn’t proactive and actively wants to have meetings with you. Look for someone who gives you a heads up when you have issues coming.

Catch up with Mark by following him on social media or visiting his website. You can also listen to his podcast The Wealth Preservation Podcast. Links are below.

Facebook Page

https://www.facebook.com/MarkSeitherKViewPartners

Twitter handle

@lesstaxmorebeer

Your Youtube Channel

https://www.youtube.com/channel/UCV4PyFJJZ5sG7-QSyX2DOuA?view_as=subscriber

Website Address

www.wealthpreservationpodcast.com

Podcast Name

Wealth Preservation PodcastSee you on the next one!

Hosted by: Dr. Maiysha Clairborne

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