Albeit fitting and apropos, this year’s Wealth Revolution Competition (WRC) will kick off with speakers that are extremely versed in taxes and cash flow. Rick McPeak and Jim Conway will uncover several secret and amazingly powerful tax deductions along with other exciting ways to monetize the questions and concerns on everyone’s minds. Definitely a meeting not to miss this February!
To give you a better sense of what tax planning can do, Tycon not only helped us make an extra $75,000 but they also saved us roughly $40,000 in taxes this year, all by planning ahead. Of course, there are some things that we needed to do at the end of the year to make sure that we only pay a certain amount of tax for 2016, but if it hadn’t been set up ahead of time, we would never have been able to make or save as much as we did. In other words…yea, it’s a pretty big deal. In fact, there are many in the Ali’i Kālā VIP program who now have an extra $2,000-$3,000 every month that can be correlated to their tax planning.
And don’t just think it’s for those who make a lot of money. In fact, you don’t have to make a bunch of money for this type of planning to be effective. It’s all about knowing and understanding the tax code system and leveraging it to take full advantage to benefit YOUR bottom line. Minor, yet effective, changes can allow you to get tax breaks that can save you thousands without any real noticeable change to your lifestyle, simply by using the opportunities that are already made available.
To go a step further, it is important to note that these tax strategies are totally different than just filing your taxes. In fact, your tax preparer can still file your taxes. This planning is, however, a great way to strategize toward increasing your cash flow while keeping more of your money where it belongs, being used for better things than taxes.
Head to our Facebook page to watch the live video from WRC!