078 | Save Taxes Now, Build Wealth Forever
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078 | Save Taxes Now, Build Wealth Forever
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If you've ever asked, “How can I pay less in taxes?” — this episode is for you.
Todd Frazier, CPA and business strategist, breaks down the most effective and underutilized way to reduce your tax burden and build long-term wealth: starting a business. Whether you're a high-income W-2 earner tired of handing 30–50% to the IRS or just looking for a legitimate side hustle, this episode gives you the roadmap to take action now.
You’ll learn:
- Why traditional deductions won’t move the needle
- How a sole proprietorship can save you thousands (with zero startup cost)
- The “2-out-of-5 rule” every new business owner must understand
- When to upgrade from Schedule C to an S Corp for even bigger tax benefits
- The real reason 74% of the world’s wealthiest people are entrepreneurs (and why 0% are just employees)
- The difference between a business and a hobby in the eyes of the IRS
You don’t need a fancy idea or a tech startup — you just need something people will pay you for. Todd explains how anyone can start today and build a tax-saving, wealth-building engine for their future.
👉 Ready to take action? This episode will help you move from overthinking to ownership.
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