How High-Income Earners Can Legally Reduce Their Tax Bill by 25–50%

So let's talk about the transition you made from being an active person in the finance industry, you know, helping people and then moving over to the firm that you have now, Exponential Freedom.

Prior to going down that path, is there a lesson or skill set that you learned in your time being a financial advisor that you found so impactful that you've carried it with you into all the work that you're doing now with the clients that you serve in your firm, Exponential Freedom?

We still do financial advising because we find that's important.

And I can give you kind of a concept, if you will, something interesting to think through.

What we find is people were just doing it out of order.

So a lot of times when people, they get all excited because they want to take a dollar and go try to find that next exciting thing that's just going to make them thousands of dollars of return or percentage return, which doesn't typically happen unless you get lucky because you bought Bitcoin years ago or something of that nature.

They usually go to a financial advisor first, and that financial advisor is going to say, let's take your money and put it into a portfolio.

And perhaps that advisor is going to get you an extra 1% or 2% more than the market returns, perhaps.

If they do, then you've got a portfolio that's going to compoundingly, it makes sense to have that financial advisor because you're making more than what the market does.

And compoundingly, over time, you have way more than the market will produce you with that extra 1% or 2% return.

But what we found more powerful is instead of going to the financial advisor first and meet a tax expert before you go to them.

Because if you can, let's say, wipe out 25 to 100% of your tax bill every year, Let's say you're making 400K, your tax bill is 100,000 because you live in California.

Well, if you just freed up 100% of your tax bill every year by keeping $100,000 extra in your pocket, it's a 100% return on tax savings.

So now you have $100,000 freed up to send to your financial advisor.

You can do a lot more with more money than if you had none at all at the start.

So the order that we find is, Find a CPA that's going to help you or maybe a tax attorney or CPA that actually knows tax strategy to save you on money, step one.

Then with step two, you find locations you can move the money into that grows tax-free.

So you get an additional 15%, 20% ROI by wiping out your capital gains.

Then you bring in your financial strategist who can help you invest your money to figure out what actually is the strategy on how to grow the money.

And is it going to be stocks, mutual funds, private equity, private credit? How are you going to make money with the money that we just found? So find the money first, find tax-free ways to grow it, and then you can go to your financial advisor who's going to grow it.

That's the order.

Just don't go out of order.

And what you'll find is you'll double your net worth in three years doing that than if you do the traditional route of saving your money after tax, and then investing versus finding the money, saving taxes, and then investing, where the ordinary person's doubling their net worth in like every seven years.

So it's just an extreme, more rapid approach to growing your wealth.