Getting Magnetic with Sandy & Wade

Greg O’Brien has taught us a lot about money, specifically keeping money by being smart and proactive about your taxes. The biggest thing he has taught us is that the tax code isn’t a list of ways to take money from people, but actually the reverse: it’s a blueprint to building wealth. High level it tells us to start businesses and own investment real estate. So that’s what we did/do.

Greg walks us through our PERSONAL balance sheet, what an asset versus a liability is and how to think about growing our personal financials through assets as well as what are smart liabilities.

He gives us some insight into what he’s seeing his wealthy clients do right now and empowers us that a good CPA is a very valuable asset as you build your wealth as they can plan, save you money and help you build your financial nest egg.

If you are a 7 figure entrepreneur looking to reduce your taxes by 20% or more reach out to contact@gotaxplanning.com.

Otherwise, check out their course which gives you the secret sauce on how to effectively tax PLAN http://Taxacademy.gotaxplanning.com


Timestamps:
  • [1:15] What are you grateful for right now in your life?
  • [5:44] Tax code is the blueprint to wealth.
  • [9:37] What is an asset vs liability?
  • [18:00] Is cash an asset?
  • [25:27] What are liabilities, and good vs bad debt.
  • [30:05] What do you see wealthy people doing right now?
  • [31:56] How to think about taxes.
  • [33:56] Resources to improve financial literacy.
  • [36:14] Invest in a CPA.
  • [41:51] Stop thinking of taxes as a penalty.

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Let's Connect!
To get more info and updates on the podcast
@gettingmagnetic

Follow our personal Instagram accounts
@sandyclaus7
@wellnesswithwade

Check out our website for all things Getting Magnetic
https://www.sandyandwade.com/

Check out Big Dad Energy Co!

What is Getting Magnetic with Sandy & Wade?

Hey Friend! We’re Sandy & Wade, baby best friends turned husband and wife and business partners. This podcast is for people who desire to build a MAGNETIC, abundant life. We release two quick hitting episodes every Wednesday and Friday, from either Sandy, Wade, the both of us or with a magnetic guest!
Our mission is to take you on a journey with us and empower you to know that you are EXACTLY where you need to be and with vision and intentionality you CAN design the life of your dreams! We hear from absolute world changers through captivating interviews that cover a range of topics within entrepreneurship, network marketing, love, business and building a legacy of impact and purpose. Now let’s Get Magnetic!

To get more info and updates on the podcast: @gettingmagnetic

Follow our personal instagram accounts: @sandyclaus7 @wellnesswithwade

Check out our website for all things Getting Magnetic
https://www.sandyandwade.com/