When it comes to tax forms like the 1099A and 1099B, they serve very specific purposes. Neither of which involve magically multiplying your bank deposits. Be careful about the advice you follow and always double-check with a professional. #FinancialLiteracy

I always want to safeguard the assets that I’ve worked hard for and that's why I've created the Real Wealth Matrix, the ideal hierarchy of ownership. If you're interested in learning how to level up your business and protect your wealth, check out the link in my bio! #Business

Every liability you take on becomes an asset for the lender and unless there's a specific agreement to the contrary, the rights to your debt can be sold to another party. As long as that party can substantiate ownership of your debt, they are legally entitled to collect.

If you're thinking about turning your investment property into your primary residence to avoid capital gains tax, be careful. You could trigger depreciation recapture and end up paying more in taxes than you expect.

While splitting your mortgage payment in two doesn't reduce interest, opting in for bi-weekly payments can cut down your principal amount quickly and reduce the amount of interest you pay over time. #Mortgage

It's tempting to get creative with tax strategies, but some things just don’t hold up when it comes to the IRS. Even if you start a YouTube channel to showcase a Rolex as inventory, wearing it for personal use may trigger some serious tax penalties. #Taxes

I absolutely love the idea of teaching kids financial responsibility through earning and budgeting! But teaching your kids sound financial literacy principles may be even more important for their financial future. Check out the link in my bio to find out more!

Borrowing against appreciated assets like stocks or real estate means you can access cash without triggering taxable events. Just remember, while loans aren't taxed, this doesn't mean you're avoiding taxes forever—it's all about timing and strategy. #TaxStrategy

I've developed a comprehensive framework, it's called The Real Wealth Matrix that incorporates trusts, holding companies, and operating companies. If you're interested in a full breakdown, check out the full video breakdown on my YouTube Channel! #Business

I teach my mentees to establish trusts in their state of residence because we utilize the trusts as estate planning tools, not as asset protection tools. If you want more information on how you can structure entities to protect and grow your assets, check out the link in my bio.

This is Edward-Verified! When it comes to trusts and asset protection, setting up a trust is only half the battle. It's important to properly fund it by retitling your non-qualified financial accounts into the trust.

If you run an online business, make sure your operating company is set up in the state where you actually live and work. The IRS will usually default to the state laws that you're operating in if any conflict exists.

The average hold period for a house in the US is around 7-8 years and if you're negotiating a lower purchase price to save on your monthly payment, you'll never realize the full price reduction unless you stay there for the full term.

This is not how starting an LLC works. For starters, you must have a business concern in order to open an LLC and secondly, you don't simply create business credit by opening a business checking account. Financial Literacy is king.

Keeping your name off public records when it comes to your assets is important. Whether it’s using trusts or LLCs, having the right protection can make all the difference. #AssetProtection UCAMA240827_SF05

Most accountants focus on compliance, not tax reduction. They’re taught to be experts in reporting to the IRS, not finding ways to save you money. That’s why many end up being more like historians, just documenting what’s already happened. #Taxes

Regret Is Not Born From A Lack Of Results. Regret Is Born From A Lack Of Work. Work Is The Productive Utilization Of Energy And Time. You Only Experience Regret Looking Back And Wondering “What If I Would Have Given It My All?”

Structure > Strategy in Volatile Markets Your business might survive this Market Correction. Will your Wealth? ❌ High Taxes ❌ Lawsuits ❌ Policy Whiplash ❌ Asset Exposure When markets get messy, structure becomes your shield. Sadly, most business owners are wide open!

Most business owners don’t have a tax problem. They have a structure problem. Wrong structure = → higher taxes → poor asset protection → zero legacy planning Solution? Fix the structure → fix your financial life. What’s 1 thing you wish you knew about this 5 years ago?

Unpopular Take: Money doesn’t solve all problems. But it has a remarkable ability to solve Money Problems. Uplevel to keep, protect, multiply, and pass on wealth with intention, and you’ll finally have the time & focus freedom to tackle the non-money problems weighing you down.