Build the financial future you deserve with tax-effective investing The government wants your help, and it's willing to pay handsomely. You just need to know what to do. In The Win-Win Wealth 7 Investments the Government Will Pay You to Make , celebrated entrepreneur, investor, and bestselling author Tom Wheelwright, CPA transforms the way you think about building wealth and challenges the paradigm that tax incentives are immoral loopholes. Backed by deep research in 15 countries, he identifies seven investing strategies that are A-OK with governments worldwide and will fatten your wallet while making the world a better place. You’ll An indispensable and startlingly insightful exploration of straightforward investing strategies, The Win-Win Wealth Strategy improves your confidence in tax-effective investing, so you make better decisions with your money and supercharge your family’s generational wealth while creating jobs, developing technology and improving access to food, energy and housing.
This was certainly some next level financial IQ stuff right here. Honestly, a solid 20% of the information went right over my head, which is what made me even more intrigued to continue and confident I was onto something great.
I have taken a priceless amount of tax advice, strategies and methods from reading this book and I can easily say this book is going to save me thousands upon thousands of dollars in simply acknowledging tax incentives, depreciation deductions and asking the right questions.
I really enjoy financial education books because this a crucial topic that is truly only learned from self motivation, no one is going to tell you this stuff. You have to seek it. And Tom Wheelright is the man to learn it from when you’re ready!
Take your finances and your business taxes to the next level with Wheelright and stop assuming the people who make more than you and pay less taxes than you, are cheating or abusing a loophole. Get educated and “instead of vilifying success, (know that it’s) better to understand what makes people successful, even when it comes to taxes.”
Written in an engaging enough way, but the message of this book is basically "take advantage of tax breaks", which seems pretty obvious to me. I feel that anyone who has enough money to make it worthwhile to follow the advice here, already has internalized the lessons and will do all of this reflexively.
Not a bad read but it's definitely not for the average person, unless you just want insight on how rich people use the tax code to get out of paying taxes. Otherwise, the advice is more for upper middle class and wealthy people.
Big, perspective changing book. Didn’t walk away with a whole lot of practical steps necessarily, but feel very empowered by the knowledge.
————- Win win wealth
Tax incentives for business - [ ] Reinvest back into the business through expenses that create income (payroll, rent, depreciation,) - [ ] expenses are deductible if they are for business purposes/ordinary/necessary/well documented: - [ ] Assets (equipment) - [ ] Pass through income - [ ] Net operating loss
Tax incentives push you to invest in areas that the govt wants to develop.
Where to get jobs - [ ] Govt. (18%) - [ ] big business >500 ppl - [ ] Small business <500 ppl
Govt. goals - [ ] Keep the peace - [ ] Protect the people - [ ] Feed the people - [ ] Shelter the people - [ ] Educate the people
Build and protect your wealth by knowing tax laws. The point is to build wealth that will never be taxed not just reduce taxes.
You’re in the tax game so play by the rules, and WIN.
You and the government are in a forced partnership.
The biggest expense to people is typically taxes and the biggest income for governments are taxes.
Great book on how to save on your taxes. In detail Tom describes how you can use the tax code in your favor. Very easy read, packed with very useful information.