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078 | Save Taxes Now, Build Wealth Forever

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Manage episode 497728072 series 2350975
Content provided by Frazier Industries. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Frazier Industries 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://podcastplayer.com/legal.

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.

  continue reading

80 episodes

Artwork
iconShare
 
Manage episode 497728072 series 2350975
Content provided by Frazier Industries. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Frazier Industries 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://podcastplayer.com/legal.

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.

  continue reading

80 episodes

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