Dwight Dye: Master Your Mindset and Taxes with Experts
Looking to explore some mindset strategies that could improve your finances? Tune in to the "Keep This in Mind" podcast hosted by David Specht, where he shares insights and interviews fascinating guests with varying expertise. In the latest episode, David welcomes tax strategist Dwight Dye to talk about how you can tweak your mindset around taxes to go from filing and paying taxes to partnering with the US Government.
They discuss various mindset shifts needed to leverage other income avenues and opportunities, ultimately building wealth and mitigating taxes. Dwelling deeper into the tax system, the two discuss the government's incentives for certain behaviors through the tax code and how it affects W2 earners vs. business owners.
The conversation then takes a turn to Robert Kiyosaki's book, "Rich Dad Poor Dad," and explores the four quadrants of finance. The duo suggests establishing a side hustle, such as driving for Uber, to reduce self-employment taxes, then creating an S Corp or LLC to minimize taxes. Their ultimate goal? Developing investments in real estate or stocks to build wealth.
Throughout the podcast, David emphasizes the importance of tax planning and strategies for people looking to save more money. He also differentiates a tax strategist versus a CPA and provides a landing page where you can schedule an appointment. So, what are you waiting for?
New to tax planning or an expert, this podcast is sure to provide you with valuable insights and strategies to work with the government, leverage on the tax system, and ultimately, make the most of your money!
