I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.

Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.

@@maryHenokNft I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

Definitely! All of this happened in less than a year after *Gertrude Margaret Quinto* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

Well it's not like it's hard to believe. Of course it is true. Like Trump said, he pays low taxes because he is smart. It's not like the government makes any better use of tax money than any individual would. Elon Musk said the same thing. Jealous people who know they will never make as much money in their lives as some of these rich people pay in taxes in a single year just want these rich people to suffer and pay millions of taxes just so they don't get to keep all that money themselves. Inarguably, Elon Musk spends his money far far better than anything the government would waste his money on. Unfortunately, Musk is so incredibly wealthy that I think he intentionally doesn't resort to all these tax reduction strategies so that the public won't be able to criticize him as much for paying low taxes. So Musk pays billions in taxes simply because he doesn't need the money and would rather people know he is "paying his fair share." But I wish Musk didn't pay any taxes at all, because he would spend all that money productively, unlike the government who squanders every last dollar. Just imagine all the kids and baby mamas he has; he probably doesn't even have court ordered child support because he probably just lets them buy literally anything they desire, and it doesn't even dent his wallet, lol. That's some real "fuck you money" status right there, letting them buy whatever they want with his money, and no number of holes or cars or boats could ever even impact his wealth. It's incredible to think about. It's really hard to even fathom having that much money. He could buy small countries if he wanted to. Crazy. And yet Musk spends his money on improving humanity and investing in the greater good. You don't see him living the playboy lifestyle, he just stays working while everyone else spends his money. So much respect for that guy.

That's the word legally

Legally is good. I see legally gets a bad rap when filtered through the 16th. Maybe, just maybe based on bad tax experiences with the English Monarchy and Taximent, our original Constitutional mandate was the best fork in the road.

Thats the goal of all taxpayers. No one is telling themselves they want to pay more taxes

dude i fell on the floor screaming when he read Hillary Clinton her rights. omg

Facts lol. Trump is business savvy and we benefited from his time in office in my opinion.

Love him. And I’m a Native Hispanic New Yorker. Dumbocrats try so hard to say he’s a racist, he’s this, he’s that but they’re all haters.

They can't fault him. He told them how and what and where.

Just say you're a fan.. 😂 the internet makes us try and make everything sound well thought out and unemotional, when all of that stuff is human.. you're not a fan of ripping off the poor if you can get away with it under any other circumstances! His bills don't just go away, they get sent to the poors.. it would be called welfare if this happened in reverse! Why does no one say to the single mom with 6 kids, "you're a savage the way you game the system that way".. 😂 just say you're a fan bro, I promise you'll be ok

Is it safe if cost seg is 20- 30% of property sale price

I wonder why Trump’s organization was recently convicted of tax fraud?

On the Schedule E portion of his 2017 tax forms, Joe Biden reported $19,800 in “rents received,” and none in 2018, according to information reported on Sunday by Breitbart’s Wendell Husebe But when filling out a background check, Hunter Biden claimed to pay a specific $49,910 rent each month to his dad from March 2017 to February 2018. This is the same home where classified documents were recently found stacked in the garage. Biden the Younger spent about a year - during part of his drugged-out times - renting (?) Biden the Elder’s Wilmington, Del., home following his divorce from Kathleen Biden. Because Trump held out on the releasing the tax returns which any IRS agent knows is illegal for a government official to release a tax return under the criminal code. The democrats removed the road blocks. in just a matter of days under the same procedure we have hunter Biden and Joe Biden's returns. More to come So you are right this is fascinating to watch unfold. As somebody as smart as you, being an engineer, why you missed the fact this guy had nothing substantial to say? Then again I never fell for the National Psychosis

Obviously he did not break any tax laws otherwise the IRS would have audited his tax returns.

@@kimocoloma4123 Wow! I didn't know people could be convicted of tax fraud without breaking any laws? Hopefully, the government will free his Accountant.

Facts all we have to do is read the instructions on all the IRS forms . You can claim everything you made from your job back on your refund! Study those forms!

I don't think that is the point. The point is that all of these types of breaks are absolutely NOT available for the average tax payer. The narrative that Trump and the right likes to spout is how much of a tax burden the rich take on when we see in reality, from Trumps returns, that is absolutely NOT the case. Someone making $50,000 paid far more taxes than Trump for multiple years even though he is supposedly a billionaire. The game is rigged and this just further exposes how much it is rigged against 99% of everyone responding to these comments. The fact you think that is ok shows how much the wealthy have you all brainwashed and why they can and will continue to get away with this and much worse (we won't even talk about the shit they do on the stock market).

The problem is not legally paying as little tax as possible, the problem is illegally inflating assets to obtain loans and then illegally deflating assets for IRS tax purposes. Look at the Chrisleys, they were recently sentenced for exactly that

I'm glad you said it ... because I was. To be fair, that tactic was not in the scope of the video topic

Thanks for the the info on how to make a dollar in America

He should shut down the abc boys.

Most videos they tell you to "Like and Subscribe", but Karlton's content is so good you're probably already subscribed, then you click Like, then watch!!! I've not been disappointed yet!!

But he doesn't count Trump exspences he has lots of exspences

Precisely! Our main focus at the moment should be strategies to manipulate our current situation, many people are making millions from this down market, but information like this doesn't make the news.

Well, the top players and pros have exclusive information and data paths that are not disclosed to the public. Knowing the strategies to use during this time is one thing and having the right information to execute them successfully is another.

@@sebastianzhikov8842 The uncertainties that come with this current market are yet another reason why my daily investment decisions are guided by my investment advisor; "JILL MARIE CARROLL" as HER entire skill set is built around being long and short at the same time, using both a profit-driven strategy and removing risk as a hedge against the inevitable downtrends, coupled with proprietary insights/analysis, it is utterly impossible not to outperform. Brought in over $1.5 million in ROI, since using my investment advisor for about 2 years.

@Lloyd Bernard It's a fairly simple process, my portfolio only reflects what she trades, not just some particular securities of my choice. "JILL MARIE CARROLL" has been amazing so far, she has influenced my portfolio a lot.

brian kim is awesome!

Congratulations

Wow. 😃 I want to that. I don't know what an STR is though. 😄

Me too!

I beg to differ, his accountants are smart…

What he is explaining is that W-2 employees can use these strategies as well. You will need to get a tax strategist to help you through the process

Pay a tax ATTY acct $1,000 per hour You might get the same results might I said... JB.ok

Own a trust that owns businesses

@@quincytostonrei This is already being done.....lot If trusts set up by wealthy people Nothing new....but importance is who controls the trust what is it to do... jb

@@Cre8tiveWrEck You better have bank period this Is not for the everyday joe better be Making millions billions etc why cause Ur ACCOUNTANTS and lawyers are making 3 to 4 figured an hour.. DT IS SMART MAN BUT NOT THAT SMART ask his accountants and lawyers.,.. Jb

His CPA firm resigned and stated that none of their prior work for Trump could be relied on.

@@leebobrowske6763 damn, I didn't know that. Thanks for the info.

Why is trump's tax attorney going to jail?

@@jimmyjam5453 because the tax attorney did not declare benefits he had received. The media keeps trying to make it like Trump did something illegal. It was the tax attorney on his own personal taxes. For any other person it would have just been a fine, but because he worked for Trump they crucified him, so people like you would think Trump did something wrong

@@honeyt222 and why did the Trump organization just get found guilty of all charges????

@@honeyt222 if not for trump being a former president he would have been in jail years ago. Law enforcement keeps bending over backwards not to change him... They put Michael Cohen in jail for doing Trump's ( individual 1) bidding then make up some stuff about we can't change a sitting president. Then when he's out of office they find a new reason not to change him . Then oh, statue of limitations ran out.

Which educated people ? Nor the one that went to college?

Maybe on what he claimed but what about what he DIDNT claim? You think he claimed everything totally honestl? Naw! He’s got offshore accounts & hidden $$$ for sure. Use the tips Karlton gives for sure, but don’t be fooled. DT didn’t get to where he is by being honest.

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

@@MariusNatt in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your fund has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing port-folio-advisor.

@@AaronTucker-th2nn The stock market is down 20% this year. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like myself

@@AshtonGrace ​ >>Autumn really seem to know her stuff. I looked her up on the web using her full~name and found her page , read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

Why would you have 200k in savings makes no sense Your money has to be making money for you 200k and a savings account You're losing money while the bank is making a fortune on your money 🤣

There is a tax strategy we use called the 1031-exchange. This will allow for a taxpayer to sale the existing rental asset in a certain time frame, and roll over the capital gains into a new rental purchase, while also taking on new depreciation in the newly acquired asset. Great question 👍🏾

Thank you David for sharing my video. I look forward to assisting you with your tax planning this upcoming year. Cheers!

Amen bro

1: I promise to release tax return 2. I'm being audited!!!! 3. Presidential harassment 4. No audits existed ....

he is not the only one who is using these tools to lower their tax burden.

@@aeromtb2468 He's not, but the media makes it seem like he is because they are trying to convince people he's doing something Illegal. Now if the media, said "all billionaires, and high-network multimillionaires use the tax code to lessen their tax burden and it's all legal" Then how would they polarize us? This why democratic politicians can go on T.V. and say "we'll make the rich pay their fair share", because they know their rich donors are already using the tax codes to lessen the tax burden and it won't affect them. They get the support of average people in voting numbers because they've convinced people that all rich people are cheaters. And they get to promote that message because they get money from the rich people who they give tax write-offs.

For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.

The irony is our congressman like to create new tax law to later make exceptions for their rich donors. They have been running this scam for years..

no every democrata Rich do the sames Trump is a genios he use what the liberal use for them...

You playing or you this crazy?

@@RayBoomBoomRoom it’s real talk. Guessing you love big all inclusive government in your pocket just a little more.

@TCALABRESE03 you are defending a billionaire? He paid more money to china. We never want to give our freedom to a person who will see us out to another country. Again, this conversation is crazy. Like how you not think About that.

@@RayBoomBoomRoom please show me the requirement for President has to release his taxes. It doesn't exist

@RykersFist they show to make sure scums like Trump don't sell our country to other countries! Its not that hard to comprehend or understand why its important.

We can all own a plane.. lol