Why You Won't Get Rich Trading Crypto, with Tim Doyle

This week on the Ways to Wealth Podcast, Charlie speaks to Tim Doyle, founder of Doyle Accountants and one of New Zealand's go-to specialists in cryptocurrency tax, who has filed more than 2,500 crypto tax returns and has been consulting with the IRD on digital assets since 2017.Tim got into crypto the same way most people did: chasing the upside. He made a lot of money, lost it all, and ended up buried in CSV files with a tax problem he couldn't solve, and he's a chartered accountant. That realization became a business. Now he works with around 200 clients who each hold over a million dollars in crypto, and he's watched closely enough to know exactly who wins and who doesn't.Here's what he'll tell you: almost nobody gets rich trading crypto. He compares it to quitting your job to chase an NBA contract when you're five foot eight. His wealthiest clients did the opposite of trading, they bought a handful of tokens years ago and never touched them. No stress, no tax nightmares, no risk, because they never sold.Tim and Charlie also get into why the IRD is now cracking down hard on crypto, the real mechanics of how the wealthy structure their money to legally pay less tax, and why he believes the whole game is shifting, away from farmland and tractors and towards digital, movable assets that let people quite literally vote with their feet on where they pay tax at all.Watch every episode of the Ways to Wealth Podcast here: www.eccuity.com/podcastsLearn more about Tim here: https://www.linkedin.com/in/timbdoyle/Learn more about Tim's company here: https://www.doyleaccountants.co.nz/#waystowealth #crypto #cryptocurrency #tax #bitcoin #investing #nzbusiness #accounting #ird #wealthbuilding #dubai #digitalassets #entrepreneurship #doyleaccountants