Key Takeaways:

• Don’t Miss Common Deductions: Many business owners overlook deductions like mileage and home office expenses. Tracking these can lead to meaningful tax savings.
• Intent Matters for Expenses: For things like meals, travel, and entertainment, the reason behind the expense is important. Understanding intent helps ensure expenses are reported correctly.
• Bonus Depreciation Is Back: Recent tax changes allow businesses to fully write off certain purchases right away. This can be a big advantage when buying qualifying equipment or assets.
• Review Transactions Regularly: Looking through bank statements and transactions can reveal forgotten subscriptions or miscategorized expenses, which improves accuracy and savings.
• Get Expert Tax Help: Tax rules are complicated and always changing. A knowledgeable CPA can help businesses take full advantage of deductions and credits while staying compliant.

Chapters:

Timestamp Summary

1:56 Commonly Overlooked Business Deductions for Entrepreneurs

4:10 Understanding Tax Deductions for Meals, Travel, and Entertainment

7:07 Documenting Business Expenses and Intent for Tax Deductions

8:42 Gift Cards as Taxable Income for Employees

9:22 Tax Strategies and Tips for Small Business Owners

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways:

• Volatility Builds Strength: Ups and downs are part of life and markets. Learning to handle tension and uncertainty helps build financial strength and long-term wealth.
• Upgrade Your Inner Skills: As the world changes faster, people need to update how they think, respond, and manage stress—just like updating software.
• A Calm Nervous System Matters: Practices like meditation, yoga, and mindful movement help strengthen the nervous system, leading to clearer thinking and better financial decisions.
• Think in Systems, Not Shortcuts: Using basic ideas from physics and systems thinking helps identify which financial strategies are stable and which are likely to break.
• Use Rhythm to Stay Grounded: Regular movement, breathing, and daily rhythms help manage stress and stay steady during both market swings and life challenges.

Chapters:

Timestamp Summary

0:00 Building Resilience in a Rapidly Changing World

4:45 The Global Wealth Storage and Economic Imbalance in America

6:48 Understanding Emotions and Nervous System Regulation

13:19 Rethinking Education and Savings with Bitcoin and AI

15:40 The Importance of Physical and Mental Grounding in Stress Management

27:17 Rooting Ideas in Physics for Financial and Personal Growth

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Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways:

• Organize Financial Documents Digitally: Storing receipts and records in boxes or piles leads to lost information. Using digital tools keeps documents safe, organized, and easy to access when needed.
• Keep Essential Financial Reports: Every business should regularly track profit and loss statements, balance sheets, and bank or credit card statements. These reports support smart decisions and accurate tax filings.
• Bookkeeping Should Be Ongoing: Waiting until tax season creates stress and mistakes. Reviewing your numbers regularly helps your business grow and keeps surprises to a minimum.
• Build the Right Support Team: Hiring professional bookkeeping or accounting help allows business owners to focus on running and growing their business instead of chasing paperwork.
• Stay Clear and Organized: Clean, well-labeled financial records prevent confusion, reduce errors, and make tax preparation much smoother.

Chapters:

Timestamp Summary

0:00 Preparing for Tax Season and Organizing Financial Data

1:30 The Perils of Shoebox Accounting and Digital Solutions

2:55 Essential Financial Documents and Bookkeeping for Business Owners

7:22 Common Mistakes in Business Financial Record Organization

9:35 Organizing Finances for Stress-Free Tax Seasons

13:23 Investment Advice and Risk Awareness in Financial Strategies

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Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

WBMS Premium Subscription

Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways:

• Simplifying Financial Language: Complex financial terms often create confusion and fear. Breaking them down into simple, relatable ideas helps people understand money in a more natural and intuitive way.
• Money as Communities: Money isn’t just a machine or a system. It can be viewed as different communities or “villages,” each with its own rules, strengths, and purpose.
• Different Money Villages: Each form of money offers something unique. Dollars are easy to use, real estate provides stability, gold offers security, and Bitcoin represents digital independence.
• Connecting Nature and Finance: Financial systems work best when they follow natural patterns instead of fighting them. Aligning money with instinct and common sense creates healthier economic behavior.
• Volatility Is Natural: Price movement is not a flaw—it’s a feature. When understood properly, volatility becomes a useful signal rather than something to fear.

Chapters: Timestamp Summary

0:00 Decolonizing Money: Balancing Mind and Body Intelligence

7:26 Exploring Global Money Villages and Their Unique Characteristics

16:59 The Intersection of Movement, Stability, and Financial Systems

21:22 Bitcoin as a Natural and Unmanipulated Monetary System

25:49 Embracing Volatility and Sovereign Residency in Financial Strategies

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Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

WBMS Premium Subscription

Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways:

• Integrity Always Wins: In business, truth builds over time, while shortcuts and distortions eventually fall apart. Operating with honesty creates stronger and more lasting results.
• Get Reliable Tax Advice: Taxes are complex. It’s better to rely on qualified professionals than social media tips that can be incomplete or misleading.
• Know Your Numbers: Regularly reviewing your finances and being transparent about performance helps you spot problems early and grow with confidence.
• Plan Based on Reality: Strong businesses are built on clear facts, not wishful thinking. Making decisions grounded in reality leads to steady progress.
• Build for the Long Term: Focusing on long-term relationships and smart financial systems creates stability and sustainable growth over time.

Chapters:

0:00 Truth Compounds While Lies Collapse Over Time

1:25 Avoiding Tax Advice From TikTok

2:27 Honesty and Optimism in Entrepreneurship

4:34 Balancing Tax Obligations and Investment Strategies

7:45 Building Strong Business Foundations for Long-Term Success

9:26 Decision-Making Anchors for Business Success

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Follow Phillip Washington, Jr. on Instagram (@askphillip)

Subscribe to Wealth Building Made Simple newsletter

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Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

WBMS Premium Subscription

Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways:

• Lessons From Old Currencies: History shows how controlling the supply of money can change entire economies. The example of bead currency in Europe teaches how manipulation of money can disrupt stability and trust.
• Inflation Is Built Into the System: Rising prices didn’t happen by accident. Many modern systems are designed in ways that slowly increase costs, often making long-term growth harder to sustain.
• A More Deflationary Future: AI and automation can lower the cost of making goods and building infrastructure. This shift could lead to an economy where things become cheaper and more efficient over time.
• Humans Still Matter Most: As machines handle speed and efficiency, human creativity, judgment, and values become even more important.
• Technology That Supports Life: The best technology should improve quality of life. Future tools should work with natural rhythms, reduce overload, and help people live healthier, more balanced lives.

Chapters:

Timestamp Summary

0:00 The Impact of Money Supply Control on Economic Systems

7:09 The Flaws of Modern Financial and Medical Systems

10:45 Building Habits Through Mindfulness and Focused Energy

13:59 The Rise of Artisans in a Digital Deflationary Age

21:43 Technology’s Evolution Towards Enhancing Human Balance and Well-Being

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Follow Phillip Washington, Jr. on Instagram (@askphillip)

Subscribe to Wealth Building Made Simple newsletter

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Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

WBMS Premium Subscription

Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways:

• Time Is a Valuable Asset: Time is just as important as money. How you use it affects your focus, energy, and overall productivity at work and in life.
• Plan and Build Systems: Clear planning and simple systems help businesses run smoothly and keep personal finances healthier and more organized.
• Grow Skills That Compound: Learning skills that build on each other creates long-term benefits. Over time, these skills save time, increase income, and open new opportunities.
• Use Technology Wisely: Tools like AI and digital assets can improve efficiency and create long-term value when used with purpose and understanding.
• Build for Fulfillment, Not Just Speed: A good business supports your life, not the other way around. Sustainable growth and personal fulfillment matter more than fast expansion.

Chapters:

Timestamp Summary

0:00 Time as an Asset in Business Systems

1:42 Bitcoin as a Solution to Economic and Systemic Challenges

4:46 Rethinking Work Hours and Compounding Skills for Business Growth

6:44 Leveraging Technology and Bitcoin for Small Business Success

9:22 Valuing Time and Building Meaningful Client Relationships

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Follow Phillip Washington, Jr. on Instagram (@askphillip)

Subscribe to Wealth Building Made Simple newsletter

https://www.wealthbuildingmadesimple.us/

Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

WBMS Premium Subscription

Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Key Takeaways:

• When Money Breaks, Systems Suffer: When a money system no longer reflects real value and work, it creates serious problems. This can lead to economic breakdown and social harm, as seen in places like Venezuela.
• Staying Grounded Matters: A calm and regulated nervous system helps people think clearly, adapt to fast change, and use new technology in healthy and effective ways.
• Bad Incentives Create Chaos: Broken money systems reward the wrong behaviors. These incentives increase instability and make real economic growth harder to achieve.
• Bitcoin as a New Foundation: Bitcoin offers a different kind of money that doesn’t rely on central control. It follows clear rules and can serve as a more honest base for economic systems.
• Personal Choice Still Matters: Individuals can choose where to store value and how to participate in financial systems. Choosing systems based on real work, truth, and productivity helps reduce distortion and manipulation.

Chapters:

Timestamp Summary

0:00 Introduction to Broken Money and Nervous System

2:59 Importance of Technology and Nervous System Harmony

4:30 Venezuela’s Economic Collapse as a Warning

6:44 Strategic Global Interests in Venezuela

10:05 Misaligned Systems and Hero Worship

13:24 Impact of Broken Money on Productivity and Trust

15:08 Incentives and Informal Markets in Venezuela

18:10 Regulation and Monopolies

22:21 Structural Change vs. Engineering

27:19 Investing with Natural Law and Energy Focus

30:39 Changing the Conventional Financial Beliefs

35:08 Shifting Focus to Bitcoin and Innovation

41:06 Aligning with Natural Laws and Bitcoin

43:29 New Financial Order and Bitcoin Integration

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Follow Phillip Washington, Jr. on Instagram (@askphillip)

Subscribe to Wealth Building Made Simple newsletter

https://www.wealthbuildingmadesimple.us/

Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!

WBMS Premium Subscription

Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.