How Big Earners Reduce their Taxes to Zero
How Million Dollar Earners can Reduce Taxes to Zero
Grant Cardone will show you how to reduce your income tax to zero…
Anyone can do it, it's legal and if you don't do it you are not following the strategies of the wealth. Get your money to work for you harder than your talent. I am going to show you how to play the game.
#rappers #ballplayers #artists
Message to Ball Players, Rappers, and Artist –
Hard work and talent will not last forever, the investments you make will be the only thing to ensure financial freedom for your family.
If you are a rapper, pro athlete, or an artist… Watch this video
"Be Great, Nothing Else Pays"
– GC
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Grant Cardone Career and Bio
TV Undercover Billionaire
CEO – CardoneCapital.com Real Estate Holdings 2.2B AUM
Founder – 10X Movement Business Conferences Worldwide
Author – The 10X Rule. (Plus eight more biz books)
Philanthropy Grant Cardone Foundation – Support kids without fathers.
Raised Over 100M for Charites This is not an offer, solicitation of an offer, to buy or sell securities nor a recommendation to buy or sell any securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit www.cardonecapital.com/disclosures.
This will be on replay on speed dial. Thank you for your wise words, Grant! Love listening to you on Clubhouse too. Looking forward to listening to you in person, God willing. 🙏🏾
What Grant presented is a general example, not to be taken literally, especially with the numbers he presented. His main point is to leverage your earned income in to assets that give you passive income and reduce your tax liability as allowed by law. You need to consult w/ your tax advisor to make sure this can work for you.
Very inspiring, I own many properties and I’ve known about this but been “too busy” to act on these amazing tax shelters. After watching this, I’m making my priority…. Thanks!
Just a heads up, from a tax accountant. Depreciation on real estate is depreciated over 27 1/2 years or 39 years (depending on the type of property). You could do a cost segregation study and reclass some of that property as shorter term property and use accelerated depreciation on some of that property but there is no way that you could deduct half of the cost in year one.
Yeah don’t worry about the details , ppl feel good about themselves watching these videos and amounts taken out of a hat.
I came here to say this – it’s laughable to anyone who knows tax law.
Not only that, depreciation is just deferring that expense. If you sell the property, that depreciation is “recaptured”
Although, heirs to an estate receive a stepped up basis and therefore, I believe, don’t ever have to pay the taxes right, Chris?
I asked my accountant about this and she said the same thing. So where does Grant Cardone get this? It’s obvious he has done well in RE. Why would he be so off?
@Jerry Brown many reasons, like these YouTube videos are made to get views, not actually teach you anything. He makes more money by selling his image, YouTube, etc. Why would a successful investor spend time teaching you for free on YouTube? Because he makes more money from that, and realizes his other investments are very risky, in comparison to YouTube
Thanks Grant. You explain this very well. I’ve been doing this for 35 years now and have become extremely blessed because of it. I hope more and more people will take note and put this advice into action.
I’m going to try it soon 🙌
How to do this with 50k & these rates ?
Hi! Could you please explain how he got 50% depreciation from $4,8m? Didn’t get it. Thanks.
I hope you’re ready to go and fight in the military given this mindset.
This really hit home. I’ve started working on myself and getting the best for my family as I’ve put the money I saved aside and invested it, making great returns. Made my first $100k milestone and I’m never going back to the rat race. Most of all, expertise helps in managing one’s finance.
Sounds like you’re stating the obvious here. I was headed down the rabbit hole when I started out myself. It was truly a blessing after I got help from a pro.
Hello Dickson. I’ve got it in mind to make some money on the side too but I’m green to investing and I need help. How did you do it?
Levi Clemans has exceeded my expectations just months into working with him as my fiduciary overseeing my investments in stocks, and I-bonds. As long as you diversify your portfolio, any single stock that you own shouldn’t have too much of an impact on your overall return. He’s the go-to guy! You look him up on the web and do your due diligence can get across to him.
Leviclemans(a)Gmai
Lcom…Is he taking commissions for trades? Yes, I’m I still making money in the process? Hell yes!
@Dickson Grant It wasn’t difficult to get through to him. You’re
Knowledge is power and Grant just gave us immense power!
As much as this is achievable, this video also proves how much we need concrete understanding of a particular sector as investors because playing the market blindly or solely of technical is a big risk.
It’s possible to statistically measure whether some decisions are wise. In the real world, it’s a lot more harder. We prefer faster gains or simple stories, which can be easily manipulated in other for you to like what you hear but often devilishly misleading. Right now there is little volatility which makes prediction harder & losing capital easier.
@Jon Yes you’re right, there’s more to the market than technicals which is why analysis are best made by or under the supervision of an expert. I’ve had significant increase following the help of a professional.
@Gregory P. Freeman Forehand I know the powers of coaches too. Coming from someone who’s witnessed consecutive ups and downs, debt, getting ripped off trading scams, get rich quick scheme, ponzi. Literal bankruptcy, you name it, Having a coach made it a lot more easier. I know how discipline is essential to grow. Matter of fact having received advice from my coach, I started my pod, a little ytube, and passively earn and hold a $293k ptf with Yvonne Annette Lively. So yes guys, life coaches are indeed important.
@Mary Alchester Do you mind if I asked if she’s with Morgan Stanley? Talking bout Yvonne Annette Lively
@Mary Alchester Looked her up a while back. Haven’t made a move yet but her records are detailed. I think it’s nuts averaging a 15% mroi considering the economic decline.
If we are being truthful to ourselves, just like the rich, taxes can be a big pain. Income tax, value added tax, property tax, etc. Paying taxes is good, but we could also create our own tax havens. I personally put my money mostly in the stock market, since its appreciation is not taxable, and then when I sell, I find ways to make the income non-deductible in taxes. I ‘m currently sitting on more than $327k of cash, and I’m definitely throwing it in the market. Just thinking of how to not lose it all, since the market is red.
It upsets me how simple things like this are not taught in school, and then people complain about taxing the rich everyday, as though the rich should pay for their own ignorance. I have been doing the same thing myself, using the market to shield myself from the market. But I hate making mundane decisions, so I just invest through an advisor, making good profits, avoiding taxes, while doing very little work.
@Charlotte Riley I’ve been doing this same thing myself. Can’t get into trouble with the IRS when I have no income and all my money is in stocks. I don’t like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I’m tax-free.
Have you heard of Sharon Lousie Count? She gets featured regularly on CNBC.
@Roland Ray Let us know how it goes. Thanks
Just some ideas because I do not know your situation: If you set up or have a profitable small business and are a high income earner, you can put about $66,000 into a SOLO 401(K) and get a tax deduction for it, or double that if you are married. You can also elect to set up a SOLO ROTH 401(k) and put up to $66,000 in there without any income limitations like you get in a regular ROTH IRA. The downsides of this are that you have to wait until ‘retirement age’ at 59 and a half, but they are good for lowering taxes in the current year and creating tax balance in retirement. The real estate approach that Cardone mentioned is amazing, especially if you have an ultra-high income. You get instant passive income, and a growing asset with tax breaks due to depreciation! Assuming you like to put your money into the stock market, you can also dollar cost average into the market in a non-retirement account, and as the portfolio grows larger over time, use a portfolio line of credit or securities-based line of credit to use a portion of your portfolio as collateral against a lower interest loan. That is a non-taxible transaction, and becomes more and more feasible as your portfolio grows over time. Personally, I have been focusing on undervalued dividend stocks this year. Another thing is to consider having a larger than normal cash position in your portfolio, like between 10 -20%, but still under the SIPC insurance limits of course. None of this is financial advice just ideas, but feel free to reach out if you want to brainstorm.
I am finally understanding how to utilize all the tricks the rich use to grow their money and all I can say is I’m excited to get started. Thank you so much for spreading the knowledge to us common folk.
The biggest thing I learned from this video was 50% of investing is buying good companies at good prices and the other 50% is controlling your emotions when . market is moody.I realized that the secret to making a million is making better investment. I always tell myself you don’t need that new car or that vacation just yet and that mindset helps me make more money investing.
investment requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself.. May I ask which investments are good? I’ve been looking at a few different ones but want others’ opinions as well.
To achieve greatness, you need to start working with a Financial Advisor. Investing remains the smartest way to prepare for the future.Have been working with ROCH DUNGCA-SCHREIBER for 8years and I’m extremely pleased with the good returns. The good news is, it’s never too late to start investing.
Financial life is more comfortable and safer when you have good risk management skills, if you know how to trade you can make a ton of money no matter where you find yourself..
Credits to ROCH DUNGCA-SCHREIBER, she saw me through the process. You can glance her name up on your google and verify her yourself. she has years of financial market experience…<>
Thanks for the efforts you put in these. I found her and i leave her a message i await her reply<>
My gratitude and praise to this team of gurus por bringing my life back on track when I thought everything was gone! but with the help guidelines I was able to realized that the secret to making a million is saving for a better investment
The problem we have is because Most people always taught that ” you only need a good job to become rich ” . These billionaires are operating on a whole other playbook that many don’t even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
” It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent.”
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn’t depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot’s of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should’ve known that by now that nothing beats experience and that’s final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I’m buying again.
Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
You are right.!
That is why I had to start forex trading 2months ago and I now am making benefits from it..
My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar…
I’m glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l’m grateful to Mrs Shanita 🙏🏻
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn’t the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I’m curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
As a beginner I would recommend you get started with a professional broker that will guide you through the process and trade for you while you get the daily profit and rewards.
Do you mind sharing info on the adviser who
assisted you? I’m 39 now and would love to
grow my portfolio and plan my retirement
Olivia Sullivan Financials is my portfolio-coach, I found her on CNBC where she was interviewed, I looked up her name on the internet. Fortunately I came across her and reached out to her, you can verify her yourself.
Thanks, I just googled her I’m really impressed with her credentials. I reached out to her since I need all the assistance I can.
I was sceptical first but my hat off to uou Mr. Cardone. Thank you for sharing this with us for free. I really appreciate it. As a veterinarian and a small clinic owner I never really learned abt business but this tutorials are like gold. Thank you for helping us to be better.
My concern is that my portfolio is struggling, and I’m uncertain about how a retirement strategy would be beneficial in this situation. Achieving a million tax-free sounds like a dream, especially considering the fluctuations in my stock portfolio around the same point.
It involves maximizing your contributions to a Roth IRA and taking advantage of certain tax benefits. but in order to execute such strategy , It’s best you consult with an expert advis0r
It involves maximizing your contributions to a Roth IRA and taking advantage of certain tax benefits. but in order to execute such strategy , It’s best you consult with an expert advis0rr
Explore the option of engaging financial advisors, estate planners, or tax experts. Their specialized expertise can assist you in navigating intricate financial decisions.
I engaged the service of a skilled financial advisor for portfolio who guided me strategically to navigate the complexities of this market With their tailored advice, I capitalized on tax-free opportunities, making substantial gains that positioned me on the path to a $1M portfolio.
I might look into this strategy to see if it aligns with my financial goals. I could really use the expertise of this advsors.
Having harbored financial concerns throughout my entire adulthood, it’s intriguing to watch this video and recognize the potential for significant achievements with proper goal-setting. Experiencing the freedom of not being consumed by financial worries that haunted me for numerous years is genuinely liberating. I believe this is the outcome of consistently putting in diligent effort for the future.
Impressive insights! Navigating and staying informed can be challenging for newcomers. Are you an experienced investor, or do you adopt a systematic approach to stay well-versed?
Since my business’s inception, my financial advisor has skillfully managed stock transactions in the dynamic market, leading to substantial portfolio growth exceeding $820k in just over a year.
Great! Keen to benefit from seasoned advisors amid current challenges. Can you share your advisor’s name for supervision?
Stacey Lee Decker ,my advisor possesses extensive qualifications and industry expertise, particularly in portfolio diversity. Her valuable guide is recommended for navigating financial complexities. Explore her credentials for insights.
She seems quite knowledgeable and well-educated. I just Googled her name and found her webpage. Thanks for sharing!
Getting rich easily absolutely exists and happens everyday.
Getting wealthy is hard work ☹️.
I prefer the Kings GBP Sterling, far more genuine currency if you take into account the Trillions of debt the US government owes ✌️
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
People prefer to spend money on liabilities, Rather than investing in assets and be very profitable.
Most People fail to understand that living a life without passive income isn’t worth much except trying to payoff debts and loans.
Yeah, All passive income ideas work as long as you put the work in. I focus more on crypto/real estate with the assistance of my financial consultant Deborah Q Sharon.