A bootstrappers podcast for founders, entrepreneurs, visionaries and dreamers who are building businesses from the ground up without the taking on debt or selling equity. Here we cover marketing, sales, organization and mindset issues that matter to you
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How To Pay Less Taxes While Building Your Dream
MP3•Episode home
Manage episode 360018316 series 1521368
Content provided by American Dreams and Alan Olsen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by American Dreams and Alan Olsen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
This week we discuss how to utilize philanthropy to use the money that you would have used to pay your taxes to build a legacy for yourself. One such strategy would be to use Charitable Remainder Trusts- specifically a Net Income Makeup Charitable Remainder Trust. Placing your Life insurance in such a trust will allow you to stay compliant tax wise so money does not run out while you withdraw money to live off of while you're in retirement. There are also several high impact projects that you can put your money towards such as building hospitals and schools abroad. In fact, according to Warren Stickney, you can build a state of the art school in Africa- one that would rivals the best in the United States for just $250,000.
…
continue reading
161 episodes
MP3•Episode home
Manage episode 360018316 series 1521368
Content provided by American Dreams and Alan Olsen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by American Dreams and Alan Olsen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
This week we discuss how to utilize philanthropy to use the money that you would have used to pay your taxes to build a legacy for yourself. One such strategy would be to use Charitable Remainder Trusts- specifically a Net Income Makeup Charitable Remainder Trust. Placing your Life insurance in such a trust will allow you to stay compliant tax wise so money does not run out while you withdraw money to live off of while you're in retirement. There are also several high impact projects that you can put your money towards such as building hospitals and schools abroad. In fact, according to Warren Stickney, you can build a state of the art school in Africa- one that would rivals the best in the United States for just $250,000.
…
continue reading
161 episodes
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