Thank you to Samantha Russell 👩🏼‍💻 for using her family's story to help educate about estate planning and thinking about what if, even when you are young and healthy

I have no doubt her life experience brings tremendous value to the Wealth.com Advisor Council

I plan to be at…

There are a few things you really want to get right for tax planning as a business owner:
- Entity/Tax election
- How you pay yourself and maximize QBID
- Retirement accounts you setup for your biz

link to sign up allstreetadvisoracademy.com

This week is a wild one — and honestly, it shows the power of this app.

Today, an episode dropped on Wealth.com’s podcast, Practical Planner, where Thomas Kopelman 💵, their Chief Legal Officer, Anne Rhodes, and I talked about estate planning strategies involving real estate.…

Nothing wrong with being an insurance salesman

I work with insurance salesman

But man do we need to stop letting people claim to be financial advisors and only have training on insurance

Link to check out the full video:

youtube.com/watch?v=62iqZB…

When you have a large equity position, you need to come up with a plan for how to diversify

If not, then every time it goes down you won't want to sell

And every time it goes up, you won't want to sell

Pick a system

Stick to it

Financial planners don't just do investments

We do:

-debt and cash planning
-insurance planning
-education planning
-goal planning (like a house, travel, wedding, etc)
-tax planning
-equity comp
-investing

And much more!

Return on hassle is a key metric when you are talking about an investment

If you are getting the same return with the rental as you would in the market, yet have to spend 10x the time

It may not be worth it

The Qualified Business Income Deduction (QBID) is one of the best tax savings tools out there

BUt... most business owners have never heard of it and have no clue how to plan around it

This weeks youtube video walks you through everything you need to know about QBID

Every month I write a newsletter to over 2100 millennials

The goal: to teach you more about crypto, personal finannce, career decisions, etc.

You don't want to miss out

Here's a link to subscribe

allstreetwealth.ck.page/4c5a06fdea

If you are married

Then you NEED to Have healthy and regular conversations about money

This is a huge reason why I create content

Yes... it has helped me build a great business

But... it has allowed me to educate and help so many other people

I love getting many of these types of messages each week

'We try and $0 out all of our business expenses. WE go to nice dinners and lease fancy cars'

🤦‍♂️

Okay... so business expenses are only 50% deductible

And 2... good luck doing that

You are not $0 out your profit like this

Done with this for now

Got 83 in a row, now taking a break for the next 2 weeks for my wedding and honeymoon

and will get back to it afterwards