taxoptimization

Want to learn how to create generational wealth? You know, the type of wealth that your children’s children’s children’s children can rely on. The type of wealth that allows your family to live a life of financial freedom, pursue their passions, and make a real impact on the world without having to sit behind a cubicle or screen all day long? That’s the wealth Whitney Elkins-Hutten is teaching you how to build in today’s episode. After achieving financial independence for herself and her family through real estate, Whitney knew that she didn’t want her knowledge to go to waste. So, she developed a wealth-building blueprint for her daughter, which became her new book, Money for Tomorrow. In it, Whitney teaches you how to build a wealth legacy that will endure for generations to come and ensure that your descendants won’t gamble or spend away your life’s work. To protect your generational wealth, Whitney walks us through the four financial “horsemen” that will drain your savings, crush you with taxes and fees, and lead you to financial ruin. So, if you want to ensure your wealth is built to last and will be there for generations, stick around for this episode and pick up your copy of Money for Tomorrow using code “MFTPOD” for a special discount!  In This Episode We Cover: The generational wealth-building blueprint that anyone can follow to find financial freedom The four “horsemen” that are coming to take your wealth when you’re not looking Using insurance the right way to guard your health, wealth, and assets Why you need to stop focusing on making money and START focusing on saving money How to use the tax code to owe less to the IRS every year The MASSIVE investment fee that you don’t even notice you’re paying for How to pass on generational wealth to your children, their children, and beyond And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Grab Your Copy of “Money for Tomorrow” Hear Our Last Episode with Whitney Grab the CASHFLOW For Kids Board Game Books Mentioned in the Show Pillars of Wealth by David Greene The Richest Man in Babylon by George S. Clason Tax-Free Wealth by Tom Wheelwright Connect with Whitney: Whitney's BiggerPockets Profile Whitney's Website Whitney's LinkedIn Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-889 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

IN THIS EPISODE, YOU’LL LEARN: 02:31 - What attracted Morgen into finance. 05:56 - How has being a CFA charter holder and being a Bitcoiner contrasted? 17:52 - What are the issues most financial advisors have with Bitcoin? 24:46 - Why do most financial advisors say "crypto" not Bitcoin? 31:06 - How do elderly people that are dependent on a fixed income strategy navigate the current markets? 38:32 - What's the best way for Bitcoin'ers to optimize their taxes? 46:34 - What do you say to couples that have different risk aversions? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Morgen's Twitter. Morgen's Book. Morgen's Origin Wealth Advisers. New to the show? Check out our We Study Billionaires Starter Packs. Are you looking to start investing? Check out our article on How to Invest in Stocks: The Ultimate Guide for Beginners. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

Maria Friström is an investor, designer, mother, and business owner from Finland, and she’s one of the only few people that can match Brandon Turner in height. Maria was working in Silicon Valley before she voluntarily left her position to build an empire of her own. She took her down payment savings for a primary residence and on a whim bought a rental property in Fort Collins, Colorado. She and her husband then decided to move to Finland to raise their children. Through some challenging life events, Maria was left heartbroken and grief-stricken, with a business that became a full-time job for her. She wanted to express her creativity via design, so they decided to move back to America to flip their first rental property in Colorado. Maria’s inspiring story is a testament to how real estate investing can pull you out of financial, emotional, and mental depths. She has built a real estate empire worth well over two million dollars and has the financial freedom to spend time where she wants, with who she wants, doing what she wants. In This Episode We Cover: How to build your real estate portfolio without building yourself a job Using real estate as a hedge against high taxes  Presenting investment opportunities in a professional, efficient way Healing after heartbreak and using your passions to bring you mental clarity  The 4 keys to raising capital for real estate investing (whether it be banks, private money, etc.) Why you should always be willing to eat the shiz sandwich  And So Much More! Links from the Show BPCON2021 BiggerPockets Real Estate Podcast BiggerPockets Talent Search BiggerPockets on Audible BiggerPockets on Twitter BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Brandon Turner’s Instagram David Greene’s Instagram Open Door Capital BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear How to Retire Early With Real Estate & Do What Matters More with Chad Carson How to Use the DISC Profile to Communicate Effectively in Business Click here to check the full show notes: https://www.biggerpockets.com/show549 Learn more about your ad choices. Visit megaphone.fm/adchoices