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45: Thinking About Taxes With IBC
In this episode we share some thoughts on taxes.
In Becoming Your Own Banker, Nelson Nash likens the financial world to flying an airplane. "... you cannot fly an airplane through a vacuum. It must go through an environment!"
If you ever travel by plane, you know that it takes longer to fly west than it does to fly east. This is because flying west, you are flying into a headwind. It takes around 20% longer to fly west than it does to fly east.
In finance, all costs (now and in the future) create a financial headwind. And for most people taxes are the largest drag on our financial lives.
Let's discuss!
Resources mentioned in this episode:
An IBC® Tax Strategy Part 1
An IBC® Tax Strategy Part 2
An IBC® Tax Strategy Part 3
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By John Montoya, John D. Perrings
4.7
6262 ratings
In this episode we share some thoughts on taxes.
In Becoming Your Own Banker, Nelson Nash likens the financial world to flying an airplane. "... you cannot fly an airplane through a vacuum. It must go through an environment!"
If you ever travel by plane, you know that it takes longer to fly west than it does to fly east. This is because flying west, you are flying into a headwind. It takes around 20% longer to fly west than it does to fly east.
In finance, all costs (now and in the future) create a financial headwind. And for most people taxes are the largest drag on our financial lives.
Let's discuss!
Resources mentioned in this episode:
An IBC® Tax Strategy Part 1
An IBC® Tax Strategy Part 2
An IBC® Tax Strategy Part 3