Tuesday, September 24, 2013
The Chasing Financial Freedom Podcast: Episode 5
My pal and podcasting partner Kraig from Young Cheap Living and I have put together what we think is a fantastic Episode 5 in the Chasing Financial Freedom Podcast catalog.
This episode is going to focus on one of the inherent and unfortunately necessary evils in life: taxes. Specifically, we'll be talking about why taxes suck and how you can minimize the drag taxes can have on your wealth over the long haul. Hint: dividends have tax efficiency built right in!
Kraig shares how much he's paid in taxes for the year, and the crazy thing is that even though he's paid a hell of a lot of money to the IRS already, he quit his job months ago and will end up with only about a half year of normal wage income. Kraig just realized that the amount he's paying in taxes this year could fund a good portion of his lifestyle alone. Just another great reason to live on less!
I think a great title for this episode is: Taxes Suck - Take Advantage Of The System You're In And Minimize Them.
We hope you sincerely enjoy this episode. We put a lot of content together here. We talk about how the capitalistic system we're in should be celebrated rather than vilified. Instead of railing against the wealthy, figure out how to be wealthy. Instead of complaining about taxes, take a look at how the wealthy earn money and minimize their taxes and take a page out their book.
If you do enjoy the podcast please feel free to leave a review over at iTunes. It will help us grow the audience and hopefully inspire even more people in the future.
As always, you can subscribe to the podcast over at iTunes by clicking below:
You can also listen to the podcast via the included Quicktime embedded player below. This is for interested readers who don't want to use iTunes.
The Chasing Financial Freedom Podcast: Episode 5 can be found below. Just click play!
Please let us know what you think. What do you think about taxes and our thoughts on how to minimize them over the long haul? Enjoy the show!
Thanks for reading.