EP 35 – Hacking the System: How to Minimize Your Tax Liabilities
SHOW NOTES
If you’re just getting started, you may not realize it, but as your business grows, so will your taxes — and they can be a big hit to your revenue. This is why it’s so important to minimize your tax liabilities.
In this episode of Collecting Keys Podcast, we share our tips on how to hack the system and pay as few taxes as possible while accumulating as many assets as you can.
Here are some power takeaways from today’s conversation:
- Don’t be afraid to branch out your business — experience is the best teacher
- Learn to realize when you’re at a loss and walk away
- Accumulate as many assets as you can while reducing your tax liabilities
- Familiarize yourself with 1031 exchanges to further reduce your liabilities
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