Timothy Sumer

7 unique ways to cut your tax bill down! It's tax season and while you hopefully made some great gains this year, that also means your tax bill is higher! By the end of this video you'll understand where you're getting taxed and how to get that bill in half or even get it down to zero! TIMESTAMPS 00:00 - Intro 00:06 - Relocate 01:41 - Hold investments longer 03:00 - Conversions when market is down 04:48 - Crypto calculations 06:25 - Business expenses 08:20 - Tax-loss harvesting 09:48 - Real estate 12:47 - Retirement __________ ***THINGS MENTIONED IN THIS VIDEO! 👀*** 💫 The Ultimate Free Guide To Investment Accounts: ***FREE TRAININGS 🤓*** THE 3 SECRETS TO INVESTING IN TIMES OF UNCERTAINTY 📈 How to build wealth on autopilot, even if you're scared, totally confused by financial jargon, and tend to get stuck in “analysis paralysis”. ← SIGN UP HERE $1K ON THE SIDE 💸 3 insider tips to creating...

In this video, we'll explore some surprising truths about rich people that may surprise you, offering insights into what makes them tick, how they value their time and money, and what we can learn from their success. Throughout human history, wealth has been a coveted commodity, representing power, prestige, and social status. From the acquisition of precious stones and land in ancient times to the emergence of new forms of wealth in today's digital age, the allure of riches remains constant. Yet, our perception of the wealthy is often colored by stereotypes and misconceptions. While some may lead extravagant lifestyles, many surprising truths about rich people reveal that not all fit the stereotypical mold. In fact, some of the most successful and wealthy individuals are surprisingly frugal, generous, and down-to-earth, proving that true wealth goes beyond material possessions. In this video, we'll explore some surprising truths about rich people that may surpr...

Quick explanation and example of a #rothira to #invest for retirement and #compoundinterest Passive income and compound interest are the best when they are done tax-free in a ROTH IRA!... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Are you looking to become a tax-free millionaire? If so, then you should consider investing in a Roth IRA. A Roth IRA is a type of individual retirement account that allows you to save for retirement on a tax-deferred basis. This means that any earnings on your investments are not taxed until you withdraw them. This can be beneficial for those looking to build wealth over time and accumulate significant amounts of money tax-free. The Roth IRA was created in 1997 and is a type of individual retirement account that allows you to save for retirement on a tax-deferred basis. This means that any earnings on your in...