Strategies for building wealth and avoiding excessive taxation from one of the most original finance thinkers of our time. Top 10 Ways to Avoid Taxes will teach you what the Top 1% know about money and the tools they use to grow, protect and pass that wealth to their heirs tax-free.
Clear and concise steps to become financially literate with tax savings tips
Having read few other books in financial education and tax savings strategies, I definitely found this one much better than the rest since it was able to highlight the actual steps for all types of people (riches, middle class and even people who wants to plan for future but not sure on the path). This kind of book and education should be made available in some or other form to teenagers of ours and future generations. Thank you Mark Quann
Top 10 Ways to Avoid Taxes is a quick but informative read. I'm fortunate enough to be in a position where understanding legal tax-free investing is something I have the time for and can put into action. The value in the book largely depends on the reader's financial literacy. Not every tip is new or revolutionary, and the book is not a step-by-step. The author also often uses stories to convey broad lessons. Though the stories effectively convey their messages, the author's strength is not prose. For myself, I still found it useful because it highlighted for me a few investment avenues worth exploring, such as municipal bonds, IULs, principal first mortgages, and the possible benefit of a reverse mortgage. I'm a big proponent of financial literacy, and I appreciate the authors seems to have that as a driving passion.
This entire review has been hidden because of spoilers.
73 years old and I just learned How Money Really Works!!
I am buying this book for my adult children. I am sharing it with my insurance clients. Mark Quann is absolutely correct: as long as banks are in the business of earning money, the majority of us will never have an inkling of all the benefits available to us. Excellent, epiphany knowledge. I am so angry I had no idea about this before I sold my house and passed on purchasing another. You will never think about money the same way again after reading this book!
The author states at one point in the book that he wrote their book in 30 days. It shows. I looked at the table of contents before buying this book and he seemed to cover topics that I was interested in so I bought it. However, the authors coverage of each topic is so shallow that it is almost unusable. The author also does not discuss or glosses over many dangerous risks to the strategies he suggests, one being high fees.
This book explains each tax step for some of the big life-changing events many people will experience at least once in their lifetime. It also contains real ways that the regular person could save an impressive amount of cash on their taxes .This is a short and easy read that helped out a lot this year. The book includes a nice glossary of tax terms as well.
This is a nicely and simple guide to wealth accumulation. Novices,Advanced and Expert need this book on their must read and must execute information,knowledge for themselves and legacies. Kindly take the legal gifts from IRS-Roth-IRA,HSA,IULs etc. I will recommend this book for all.
This was a quick read, nothing earth shattering at our stage of life but a few good ideas I highlighted. Would have rated him higher if not for his arrogance and his use of dialogue which I found annoying.
Always be learning to save on taxes every way possible. Tax avoidance has a potential of saving you a higher percentage in tax dollars than most investments will earn. You could save 25% in taxes whereas a “good” investment might make 10%.
Ok. Its just fine. But I needed more advices more complex or even more detailed almost every chapter ends with a quote like "find a good advisor", well I that's not on my plans cause I wanted you to teach me how to manage my taxes
There are so many ways money can be moved around, legally, that I had never considered. I have to reconsider how to use my money so the government does not get to.
Great tips about tax avoidance. Quann has a very unique mindset about financial strategy. Lots of stuff in here about using insurance policies to get out of taxes.
The biggest takeaway from this book is to NOT invest in real estate with your retirement savings. I can't tell you how many books I read that said this was a good idea. The reason is, that you lose all the real estate deductions by doing this.