How to Avoid Paying Taxes LEGALLY

  Рет қаралды 42,005

Your Rich BFF

Your Rich BFF

Күн бұрын

Rich people LOVE sharing secrets about how to make more money and reduce their taxes to each other. However, these strategies can be used by people with incomes big and small. Unless you're in these circles, it may be hard to hear about these secrets. Not for you though. You got me, Your Rich BFF here to walk you through ways to legally reduce your taxes.
DISCLAIMER: I do not promote tax evasion or criminal activity. This video is used for education purposes to increase financial literacy.

Пікірлер: 126
@kickingleaves5122
@kickingleaves5122 Жыл бұрын
You’re a phenomenal asset to us all Vivian! Please keep up the great content, I learn so much valuable information!
@TheFirstRealChewy
@TheFirstRealChewy Жыл бұрын
Rich people's favorite hobby is making more money. Taxes just happen to be one of the obstacles. Real estate just happens to have a lot of tax advantages, hence the reason why it's one of the best investments... just as long as you are willing to put in the work.
@RosemarieSKikel
@RosemarieSKikel Жыл бұрын
Rich BFF. would you please do a video on how to find a good accountant ? How much one should expect to pay for these services and what to expect when you do land a good one !
@buckeye2255
@buckeye2255 3 ай бұрын
Google reviews and Reddit
@homedoghappiness
@homedoghappiness Жыл бұрын
Thank you for giving us 4 and not just 3!! Really appreciate the content of your videos and the intention of your channel.
@shakoomino6127
@shakoomino6127 Жыл бұрын
Thank you! I don’t understand everything but I will do in-depth research on what you said.
@Max-lg9nw
@Max-lg9nw Жыл бұрын
Thanks Vivian! You’re the best!
@dartheuspater0079
@dartheuspater0079 Жыл бұрын
Wooo... Thanks Vivian! Great info...
@ExtravagantEthan
@ExtravagantEthan Жыл бұрын
love your content, pacing and energy on point!
@lisaiz2happy
@lisaiz2happy Жыл бұрын
Thank you! This was so eye opening and very helpful. Just in time for Tax season.
@n0tgunshy
@n0tgunshy Жыл бұрын
More like this, please! And you’re awesome!
@charlemondcharles2622
@charlemondcharles2622 Жыл бұрын
Thanks Vivian this beyond helpful
@geekworthy7938
@geekworthy7938 Жыл бұрын
Best video you've made. More like this PLEASE!
@truexpression3547
@truexpression3547 Жыл бұрын
It's wonderful learning from you!! I have a question? Does the house exchange only apply to a "business " person or can anyone take advantage of that tax deferred benefit? I sold in August and then purchased in September.
@anlewi1
@anlewi1 Жыл бұрын
Thank you for the advice. Could you ever do one on taxes and medical equipment payments bills and such.
@laurenfrancesguerraphd8310
@laurenfrancesguerraphd8310 9 ай бұрын
Wow!! such amazing info. Thank you Vivian!!!!
@youareimagination
@youareimagination Жыл бұрын
Great stuff!!!
@stevensantora2976
@stevensantora2976 Жыл бұрын
Thank you so much.
@abzster
@abzster Жыл бұрын
i appreciate the large text pop ups as you explain as math/finance is not my strong suit and this feels like learning an new language
@Kay_1think4u
@Kay_1think4u Жыл бұрын
Will you do a video on purchasing bonds, please? Types of bonds and how much to get started. I find your videos helpful. 🙂
@imeldasantana1652
@imeldasantana1652 3 ай бұрын
Thank for sharing 👏👏🌺
@theresagiannette
@theresagiannette 3 ай бұрын
I love your channel! 🌷🌸🌷
@ChristinaMagma
@ChristinaMagma Жыл бұрын
Great video, i learned alot!
@veronicagraves5621
@veronicagraves5621 10 ай бұрын
Thank you.
@makhosikhuzwayo961
@makhosikhuzwayo961 4 ай бұрын
Thank you
@alonzosmith6189
@alonzosmith6189 Жыл бұрын
I am not rich but I donate clothes, furniture, etc to charity every year. The cost of the items are not alot but not zero.
@JChe-ft4zc
@JChe-ft4zc Жыл бұрын
Wait you do regular videos, too?! Time to binge LOL
@cerebrumexcrement
@cerebrumexcrement Жыл бұрын
ok i knew some of these, but i didnt know how. specially the fine art.
@lo.french
@lo.french 4 ай бұрын
Hi Vivian! Can you do a video on SEP IRA vs Traditional IRA for self-employeed/small business owners?
@Gustfr2771
@Gustfr2771 Жыл бұрын
You’re awesome!
@manifestandohoy9214
@manifestandohoy9214 5 ай бұрын
Thanksssssss
@starstruck96
@starstruck96 Жыл бұрын
Hi I've been following you for a short time and wanted to know what your thoughts were about those investment groups? The ones that say pay 3000 and you'll get all this amazing information. I've seen these everywhere but could never afford them. Would you recommend buying them???? Im personally looking at Invest Diva with Kiana Danial. Thanks for all the advice you give!
@marcella9205
@marcella9205 9 ай бұрын
Does this apply for Australia?
@jaiavm7128
@jaiavm7128 10 ай бұрын
Can you do a Canadian edition of this ?
@sowmiyadin7692
@sowmiyadin7692 Жыл бұрын
Any tips for people with no dependents? Can we save on taxes ? Thx s
@RobinHuud_
@RobinHuud_ Жыл бұрын
How do you get proof of appraised value on those asset pieces? You know… in case I get audited… 😅
@techwithchris007
@techwithchris007 Жыл бұрын
Where do I get money to invest in rental properties
@hleniwefuneka7402
@hleniwefuneka7402 Жыл бұрын
Interesting but I don't think this will apply to south Africa as well
@comfortopia1609
@comfortopia1609 Жыл бұрын
I love your videos and what you do. You're helping alot of people out especially young people like me still in their youth but I've noticed that the videos are rushed, there is just so much to talk about and very little time because you want your entire point to fit into the video. So if you don't mind please make a video or a Yt short recommending books that will set us up for financial wisdoms. Books that talk about taxes, fundamentals on investing and also explain the terms and concept that a beginner investor would come across. Thank you❤️
@em20245
@em20245 Жыл бұрын
Holy crap!
@alinatamashevich3354
@alinatamashevich3354 Жыл бұрын
Benjamin Franklin once said: "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."
@clearcut6818
@clearcut6818 Жыл бұрын
6000lbs is the GVWR, not the curb weight
@icysummer2009
@icysummer2009 Жыл бұрын
Please more tax saving videos
@deded1057
@deded1057 Жыл бұрын
Donation's do not reduce your income dollar for dollar - unless it is a business deduction. Donation's are typically an itemized deduction.
@ethanryu4170
@ethanryu4170 Жыл бұрын
I really like the content, but please do something about the background music. It's way too loud.
@JohnSmith-gz5pm
@JohnSmith-gz5pm Жыл бұрын
FIRST to save on taxes! 😝😎
@11bftw
@11bftw Жыл бұрын
Watching this 2x
@SpaceOutlaw_
@SpaceOutlaw_ Жыл бұрын
How does the putting money into a Roth to save money on taxable income work? I have a 401k but say I wanna put money into a roth ira to save on taxes as well. How will the irs know to tax this amount?
@alrocky
@alrocky 11 ай бұрын
With Roth 401(k)/IRA you pay tax upfront, so you want to favor contributing to Roth 401(k) while in relatively low tax bracket. Favor contributing to traditional 401(k) while in relatively high tax bracket.
@SpaceOutlaw_
@SpaceOutlaw_ 11 ай бұрын
@@alrocky mmmm i see. Need to see what my company has me under either Roth or traditional then
@SpaceOutlaw_
@SpaceOutlaw_ 11 ай бұрын
@@alrocky ty!!!
@johnnymonestime3742
@johnnymonestime3742 Жыл бұрын
@TT-jx1ez
@TT-jx1ez Жыл бұрын
Nice information. Please remove distracting music.
@xrygrl23
@xrygrl23 Жыл бұрын
Hi Vivian can you make a video for people who are like me almost 50+ to invest for retirement? Thanks so much
@luckyuize
@luckyuize Жыл бұрын
It's never too late to start saving for retirement. What's most important is that you start planning out the expected costs per year and how you will have that money. If you have nothing saved, start looking into retirement accounts like 401K or Roth IRA depending on your income. The IRS allows a "catch-up" period where you can contribute more to the IRA.
@sarahfaith6531
@sarahfaith6531 Жыл бұрын
I thought the title was “…how they avoid TEXAS…” lol
@Jen-qb9cl
@Jen-qb9cl Жыл бұрын
Can you talk target date funds
@alrocky
@alrocky 11 ай бұрын
Don't use target date funds in taxable account
@EatYourWeetabix
@EatYourWeetabix Жыл бұрын
Or just do a Roth conversion 👍
@VincentNoot
@VincentNoot Жыл бұрын
Last way: create digital assets. Royalties taxes are lower than other income taxes.
@BTrain-is8ch
@BTrain-is8ch Жыл бұрын
Getting professional help with your finances isn't that expensive and given most people's level of financial illiteracy and outright innumeracy it's kinda dumb that most people will send their cable/isp $200 bucks a month but won't spend the same to build a plan with a CFP/CFA and have quarterly check-ins. I think most people would rather complain about things being unfair vs sitting in some office and having someone tell them they need to think hard about how much eating out two nights a week is worth to them.
@luckyuize
@luckyuize Жыл бұрын
It's a shame to see all of the bot messages that target people that need financial help.
@1rocknroy
@1rocknroy 3 ай бұрын
Uuu, I feel so rich now.
@MaritsaDarman
@MaritsaDarman Жыл бұрын
Let’s talk about maxing your IRA contribution through your employer to avoid taxes. This is something poor workers are not told. If you make $40k or whatever and you contribute $15k to IRA you lower your taxable income and sometimes the taxable income is so low you won’t pay taxes
@wasteddemise2286
@wasteddemise2286 Жыл бұрын
Omg thank you!
@livingunashamed4869
@livingunashamed4869 Жыл бұрын
You mean 401k not IRA, IRA is usually not with an employer and you can't contribute 15k.
@MaritsaDarman
@MaritsaDarman Жыл бұрын
@@livingunashamed4869 company Simple IRA plan
@livingunashamed4869
@livingunashamed4869 Жыл бұрын
@@MaritsaDarman Ok gotcha thought you meant a regular ira
@alrocky
@alrocky 11 ай бұрын
@@MaritsaDarman @ $40k is *12%* Federal Tax Bracket, which favors Roth treatment. Better to pay the 12% federal tax than to defer that tax.
@Justin-yn7nk
@Justin-yn7nk Жыл бұрын
Pink door 83
@middleagebrotips3454
@middleagebrotips3454 Жыл бұрын
Buy the politicians to make what you do legal, then make sure that little tax law that applied to them is also not enforced.
@alvarosebastian3562
@alvarosebastian3562 Жыл бұрын
If you want to be successful , you take most responsibility for your emotions , do not place the blame on others . In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
@miguelwalker7117
@miguelwalker7117 Жыл бұрын
Let's not forget that the biggest payouts in the market doesn't come from great performance but rather it's great promotions. Stay invested , work on your mind, body and finance and you will be amazed how far you will go in the game of life
@ethanjeremy4031
@ethanjeremy4031 Жыл бұрын
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted, I became more to get more. I believe the things of the world are good, and if I stay committed to the process I will enjoy the benefits of my risk and hard work in due time
@hajaramarco
@hajaramarco Жыл бұрын
Well there are some profitable investments one can do conveniently at this moment which are
@ruben47382
@ruben47382 Жыл бұрын
Estate : Share : Stock : Nft ... : Pump and Dump
@alvarosebastian3562
@alvarosebastian3562 Жыл бұрын
Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in BC and other stocks.
@rewiredbyadhd
@rewiredbyadhd Жыл бұрын
Can I marry you? I'm a woman but I can be a man if you want😂 You are! the holy grail my friend❤ Thank you for sharing🙏🏻
@Dark_Detective
@Dark_Detective Жыл бұрын
I don't know why so many regular people don't like avoid paying taxes
@laurenodonnell5889
@laurenodonnell5889 Жыл бұрын
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Karen Norton
@samanthaprocell3844
@samanthaprocell3844 Жыл бұрын
Mrs Norton changed my life because of the high profits I got from investing with her.
@kennguyen4540
@kennguyen4540 Жыл бұрын
You invest with Mrs Norton too? Wow that woman has been a blessing to me and my family.
@laurenodonnell5889
@laurenodonnell5889 Жыл бұрын
@Tara Coldero investwithnorton💯
@luckyuize
@luckyuize Жыл бұрын
bot.
@sk31370n
@sk31370n 10 ай бұрын
so why exactly should i pay my taxes illegally?
@princesssadieloo
@princesssadieloo Жыл бұрын
I made $183,000 this year and I do own a home and have a child but I’m still scared to file this year! Teach me sensei! 🥺
@guyfioreii8901
@guyfioreii8901 Жыл бұрын
Vote red
@princesssadieloo
@princesssadieloo Жыл бұрын
@@guyfioreii8901 umm. George Santos… Do we really want more like him? 🤭🤭I don’t care red or blue, I’m not worried about them. I’m making wealth on my own. Vote purple! 💜
@Lucaslee-tyson9l27
@Lucaslee-tyson9l27 Жыл бұрын
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy have been earning $ 60,000 returns from my $7,000 investment every 10days..
@malone7655
@malone7655 Жыл бұрын
That's awesome. I dealt with crypto last year on Robinhood, tried some index but didn't take it out so I lost it by the end. Any consistent strategies?
@neilgaiman8261
@neilgaiman8261 Жыл бұрын
She is also my personal trader, crypto analyst and account manager. With an initial invested capital of $8000,it yielded returns of over $22000 within two weeks of trading. I was really impressed by the profit Actualized
@chrismcgeary2725
@chrismcgeary2725 Жыл бұрын
Jessica's concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With $4k I made a profit of over 28,863 dollar
@neilgaiman8261
@neilgaiman8261 Жыл бұрын
M s g h e r v i a W h a t s A p p
@beltrami321
@beltrami321 Жыл бұрын
I have broken through 10k, 20k and got my eyes on 30k! Champagne stays popping. She is too awesome☺️
@georgelopeko8747
@georgelopeko8747 Жыл бұрын
So many bots...
@vulpixelful
@vulpixelful Жыл бұрын
EVs tend to weigh more than gasoline cars. Just sayin 😊
@katztoffelbrei6780
@katztoffelbrei6780 Жыл бұрын
Tax the Rich and feed the Poor.
@johndough1264
@johndough1264 Жыл бұрын
Financial advice from a woman who goes on dates for free food? There must be a lot of desperate 2s looking to takeout a 4 at best. It is the oldest recorded occupation right?
@ppp-tc1qk
@ppp-tc1qk Жыл бұрын
she was a wall street trader at JP Morgan, I'm sure she knows a lot more about finance than your divorced, unemployed, no tinder matches having basement dweller ❤
@JessicAShaneE11
@JessicAShaneE11 Жыл бұрын
Thank you for everything! Girl I need your email so we can keep in touch!
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