Series II – Freedom: Debt, Tax & Risk Mitigation

“Conserve and Protect”

Debt, Tax & Risk Mitigation teaches ways to rapidly reduce debt, minimizes taxes, and protection vehicles to keep unplanned incidents from harming you.

HOW TO GUIDES:

Setting up insurance policies – when, why, how, questions to ask
How to set up a business entity and knowing what business structure is right for you
How to on reducing taxes

ASSIGNMENTS:

Review Personal Taxes – Know how to move expenses off of Sch-C and 1040
Set up Entity Structure – LLC, S-Corp or C-Corp
Reverse Mortgage – Use to reduce debt and increase investments
Personal Insurance Review

Course 2(a): “Know Your Taxes; Create Your Entity”

(This first 2 hour workshop walks you through the ins and outs of your personal and business tax returns.)

Finding more of your own money (Part 2)
Setting the stage from “Thinking Like A Business” to “Structuring Your Own Business”
How to apply appropriate tax strategies and corporate structures to companies
Q and A

Please bring with you:

personal tax returns
business tax returns (if you have one)

Course 2(b): “Managing Risk: Be Your Own Business”

(This second 2 hour workshop covers the 4 elements of risk and what to look for in insurance coverage.)

Quick review of Course 2(a)
4 elements of risk: Avoid, Reduce, Retain, Transfer
4 basic types of insurance coverage: Stuff (like Auto/Home/Rental), Liability, Health, Life
Explaining the 5 different types of Life Insurance
2 main reasons for having Life Insurance: protection, be the bank
How to use tax codes with tax free benefits, if properly designed
Q and A

Course 2(c): “Debt Reduction”

(This third 2 hour workshop sheds new light on paying off debt, how to increase cash flow margin to turn our disappearing dollar into the reappearing dollar.)

Quick review of Course 2(b); follow-up summary on insurance protection
When and how to attack bad debt
Increase cash flow margin and put it to work
Ways to turn our disappearing dollar into the reappearing dollar
How Reverse Mortgages work; how to use to reduce debt and increase investments
Entity structuring that can save money and add financial protection for you and your family
S-Corp verses C-Corp
Q and A

Course 2(d): “Tax Snowman”

(This final Series II, 2 hour workshop will discuss the importance of managing your marginal tax bracket to minimize taxes and the proper use of leverage.)

Quick review of Course 2(c)
Taxable vs. Tax Favored vs. Deferred
Discover the “Marginal Rule”
Managing your marginal tax bracket; how to stay in the 15% and 10% brackets
Proper use of leverage = cash flow real estate
What are capitalization rates and leverage?
Q and A