158: Tax Perspectives with Diane Gardner

In recent weeks, I have had a series of webinars for Investor Club called the Tax Day Postmortem Series. Investor Club is the Wealth Formula accredited investor email list. The webinars so far have been for strategies limited to accredited investors such as oil and gas and conservation easements. However, we will have some coming up that will be available for everyone to watch. That said, there is no question that there are more strategies for tax mitigation for people with more money. I guess that makes sense since they are the ones paying more taxes. In addition, the reality is that there are always more financial opportunities for the affluent than there are for the middle class and poor. Whether or not you think its fair is irrelevant. It's just the way it is. The good news is that most people, accredited or not, have opportunities to legally lower their taxes that they just don't know about. The key is to make learning about different strategies in tax mitigation as important as learning new strategies in investing and/or making more money. They all go hand in hand. Of course most of what I learned about tax mitigation strategies comes from my CPA, Tom Wheelwright, who is a genius in the space. But that doesn't mean I don't keep trying to learn from others. In fact, I have learned a few things along the way that some of the most sophisticated accountants don't even know about. The key to becoming an expert in anything is to learn everything you can from as many sources as possible then think for yourself. Cast a wide net on who you listen to and pay attention to everyone. When it comes to tax mitigation strategies, I have done this for years and it has really paid off. The truth of the matter is that most people I talk to, outside of Tom Wheelwright, are not telling me things that I don't already know but sometimes I catch a pearl or two. Or, I just hear the same thing from a different perspective that makes you understand it better. That's what happened to be me with Wealth Formula Banking. For that reason, over the next couple of months, I will have a few different voices on similar topics come on the podcast. This week on Wealth Formula Podcast I have Diane Gardner on the show. She's not a CPA but rather a tax coach. I didn't know who she was nor did I know exactly what a tax coach was but I was open to the idea of letting her try to teach me something. Why not? So, in the spirit of casting a wide net of knowledge sources, I encourage you to listen to the show and try to identify at least one thing that you didn't know before the episode. Let me know how it goes.