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Great video! Subscribed!

for the watch. great information. thank you for sharing this.

Stop trying to game a broken system. The government and its economic monopoly are illegitimate. Go organize with others and refuse this dystopian nightmare

I was leaning toward paying close to $500 a month to an accounting firm to handle my payroll. I am converting from a sole-proprietorship to an S-corp and will only have about six part time employees, including myself and my husband. I'm actually thinking I can do this on my own and for a fraction of the cost. Thanks so much for this and the last video re: paying employees through a 3rd party service like QB or ADP.

The first problem with your math is that those billionaires paying less than 1% of their money in taxes still accounts for over 50% of federal income taxes yearly. The second problem is that this strategy is extremely high risk. It's easy to make these decisions if you have a large portfolio. If not it could easily backfire if your assets don't appreciate enough to pay back then loan you took against them. and real estate is not anywhere near as appreciative as stocks are.

i';ve watched every video on this and this is by far the best explanation and laid out vid i have watched....cheers

You should look up the tax on inheritance here in The Netherlands just for a laugh. (Or a tear…)

Good information

Awesome Educational Content Salute 🫡, By The Way You Have A New Subscriber

Thank you

Why does this feel like cheating the system lol (maybe because it is) 😋

Excellent video, clear, concise, right to the point and very easy to understand!

What if you can't obtain a loan based on your credit score? Or what if you have good credit but too many hard inquiries? (ex. I have good credit but a stupid car dealership did 17 hard inquiries when I bought a vehicle.)

Can I have the link to the DAF video? Thanks in advance!

FMC!!!!

Very helpful thank you

Great video! Thanks for taking the time to explain

What’s up fam; thanks for the information; I was actually looking for a loan for my brokerage account I barely have 12k invested with the stocks events app saying that I have 1650.58 usd dividends for 2024 and 2252.44 usd annually But hey my question is my church is non profit organization; can I give my donations to them and how will that help with taxes? Is it a good idea? Where can I get approved for my portfolio loan?

Look up Within Heaven's Gates by Rebecca Springer. Page 64 😇

Can we 'Write Off' more than we make in our 'Side Gig?'

Who's left holding the debt bill when you die though from all the leveraged loans? I understand debt doesn't pass on, but seems immoral to borrow against assets and then die without selling to pay that back

Do non-profits get the same benefits?

Nice job. Solo 401k all the way, can add spouse for their own solo if they “work” in business, plus the solo has catch up 50+ which SEP does not.

So if you travel to look at property in Hawaii can you write-off travel and lodging expenses?

I work in music management, and I tell my DJ client to write off hotels, airfare and rentals when we travel to different cities for corporate gigs and award shows. Really appreciate your content as it is extremely helpful. Thank you.

Love this! Wrote off a lot of expense to Italy to attend a floral convention/workshop. My wife is a florist, content creator. Book keeping in place, and receipts all accounted for. n Keep the great content coming. THANK YOU

And in the UK inheritance tax kicks in at around 250k lol.. Passing on a mountain of debt and a huge tax burden to my kids would be great if I hated my kicks lol. Seriously though it's an eye opener to me how using debt to get richer and not pay tax works. I was brought up with the attitude that debt is bad " if you can't buy it in cash you can't have it " mentality .... So I learned to save for what I wanted from a very early age and it's stuck with me but I have seen others around me use debt to get rich and feel annoyed but I've also seen others lose everything when crashes come along.. Gotta good whatever lets you sleep at night.

This brother had to be sent by Jesus Christ, himself. I read about him in Isaiah 61 all 11 verses. Finally, a real true expert cloaked in a spirit of humility. Mannn, this video is God sent. Mr. Standberry, thank you and your team for truly giving back! You will undoubtedly be blessed continuously. Thank you brother! This is the kind of spirit that's contagious.

Thank you for simplifying this concept!

So in this case of filing as an S-Corp and being self employed, would it be beneficial to have yourself as a 1099 or W2 employee?

So in this case of filing as an S-Corp and being self employed, would it be beneficial to have yourself as a 1099 or W2 employee?

So in this case of filing as an S-Corp and being self employed, would it be beneficial to have yourself as a 1099 or W2 employee?

So in this case of filing as an S-Corp and being self employed, would it be beneficial to have yourself as a 1099 or W2 employee?

So in this case of filing as an S-Corp and being self employed, would it be beneficial to have yourself as a 1099 or W2 employee?

Thank you for the Iinfo Sir.

Hey Sherman , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth ! Pls let me know what do you think ?

Im not sure if i missed something, just overthinking, or you went over it in another video but how do you get a loan, even if using a Heloc if you are showing minimal income due to deducting as much expenses as possible. Even with equity wouldnt a poan be harder to obtain with minimal net income? Thanks!!

one major component is missing, your income, you should only leverage where you can handle the debt comfortably in line with your income.

Great explanation. Can I set up both SEP and Solo?

You need income to pay off the loans. That income you’d pay tax on.

😂everything in the uk is about tax

Interest on borrowed money...tax😅

I have a reverse mortgage on our home. Is this similar to what you’re describing. Does it fit with this strategy

What is the low cost book keeping vendor you use? Don’t see it

Self employment tax is indeed steep, especially if your earnings put you in a high tax bracket, but keep in mind, that tax is FICA. That tax do suck and can put you in a position to pay damn near up to 60% or more in taxes depending on where you live and your tax bracket, but that tax is a tax that fuels your Social Security benefits, though at the same time it can be a dead end tax providing if you are not in business long enough which is practically for up to the age of 70. You can always go another route with different formations and elections of your business, but the money you save would mostly belong to legal advisers and accountants because their expertise can not only cost you a pretty penny, but keep you out of legal troubles with the state and IRS though even those people who keep you out of trouble tend to get you in trouble as well. All I am saying is that there is no escaping taxes in The US. I am for sure not a CPA or educated in taxes, but my advise to people is to not try anything drastic in order to save money. If someone presents something to you that is too good to be true, get a second opinion, because when it comes to US taxes, there is no such thing as too good to be true.

Taxation is theft. Defund the IRS.

If I had a home repair prior to starting my 1099 can I still write off that repair?

They would seek a recovery. Recovery teams are obsessed they would be your best friend until they get it back

Great video I had no idea... subbed thanks!

thank you for making these videos so straightforward to understand. I'm a medicare sales agent on 1099 and I am projected to hit about 120k a year of income for the 1st time in my life I've been searching left and right on how to avoid taxes lol. Im not trying to give the government my money lmao. I think ill start off with tax exempt accounts and work toward the "Buy,Borrow,Die" method.