8 Ways to LEGALLY Avoid Paying Taxes Like the Rich (Save 6 figures+ in Taxes!‪)‬ The Personal Finance Podcast

78. 8 Ways to LEGALLY Avoid Paying Taxes Like the Rich (Save 6 figures+ in Taxes!)

*** Correction on the HSA Penalty! It is 20% and I stated 10%.
"If the money is used for an ineligible expense (whether medical or non-medical), the expenditure will be taxed and, for individuals who are not disabled or over age 65, subject to a 20% tax penalty. If you are 65 or older at the time of withdrawal, then you are free to withdraw money from your HSA for any purpose"


We have a YOUTUBE channel! Check it out here! 

Our Latest Videos: 
7 Costly Roth IRA Mistakes
What Would Happen If You Maxed Out Your Roth IRA By Age?! (These Results Will Amaze You!)
How to Become a Millionaire With a Small Amount of Money (Is it Really This Easy!?)

Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a hold of me!

Thank you to Ladder Life Insurance for sponsoring the show! Check them out at ladderlife.com/pfp

Thanks to BlockFi for sponsoring the show! Get the all new Bitcoin Rewards Visa card with $25 in free Bitcoin at BlockFi.com/PFP


Thanks to ButcherBox For Sponsoring the show! Right now new members get a free turkey with their first box when you head to butcherbox.com/pfp.


Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping!

Thanks to OurCrowd for sponsoring the show! Invest in Venture Capital at OurCrowd.com/PFP


Thanks to Masterworks for Sponsoring the show! Invest in art at masterworks.io/pfp


Thanks to Boll and Branch for Sponsoring the show! Get the best sheets in the world at bollandbranch.com and use promo code PFP. 



 

Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts!

Today We Discuss: 

How to use retirement accounts to your advantage. 

How to save 6 figures in taxes. 

How to Pay $0 in taxes when you sell your house

Real Estate Tax Tips 


Capital Gains Calculator
List of Deductions

Episodes Mentioned More Episodes You Will Love: 

HSA The Super Retirement Account 

How to Become a 401(K) Millionaire

The Stairway to Wealth 


Check out all the Stuff I Recommend! 



M1 Finance Open a Roth IRA


Personal Capital Free Wealth Management + Budget App and Fee analyzer! 



CIT BANK (Best Savings Account)


Best Personal Finance Books 
The Simple Path to Wealth - J L Collins 
The Millionaire Next Door - Thomas Stanley
I Will Teach You To Be Rich - Ramit Sethi 
Rich Dad Poor Dad - Robert Kiyosaki


** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. 

Check us out on social fam! 

Twitter
Dollar After Dollar Instagram

www.thepersonalfinancepodcast.com

www.dollarafterdollar.com

www.mastermoney.co
Learn more about your ad choices. Visit megaphone.fm/adchoices