Build Your Wealth Muscle

By Patrick Darby

Growing sales & revenue for Online Health & Fitness Coaches can be a challenge...but converting that business success into wealth can be even harder. This podcast breaks down strategies for Bu... more

· Business

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FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 114 episodes available.

Build Your Wealth Muscle episodes:

September 08, 2023Episode 94: BASICS OF ASSET PROTECTION
In this episode, we delve into the fundamental principles of asset protection. Discover the essential distinctions between those who require asset protection and those who might not, shedding light on the situations where these measures may not be as pertinent. Whether you're a seasoned investor or just starting on your financial journey, understanding the basics of asset protection is essential for securing your future. Tune in now to safeguard your assets wisely!
Episode Highlights:
What are the 3 levels of asset protection?

Who doesn't need asset protection?

Who does asset protection strategies not apply for?
LINKS:
Profit & Loss Template
Save Taxes: Free Consultation

Follow me: https://www.instagram.com/thepatdarby

#tax #savetax #wealth #asset #protection
#AssetProtection
#WealthManagement
#FinancialSecurity
#InvestmentStrategies
#ProtectYourAssets
#FinancePodcast
#AssetSafety
#WealthPreservation
#MoneyManagement
#FinancialPlanning
...more
28min
August 23, 2023Episode 93: 5 TAX DEDUCTIONS FOR 2ND HALF OF YEAR
Join us today as we dive into savvy strategies for maximizing your tax deductions during the second half of the year. We'll review five crucial tax deductions that deserve your planning attention, shedding light on overlooked opportunities that could save you money. Additionally, learn about a tactical tax strategy that might be better suited for execution in January, allowing you to start the new year with a stronger financial footing. Tune in to gain expert insights and practical tips that will empower you to navigate the tax landscape with confidence.
Episode Highlights
How to find more personal expenses to deduct?

5 Tax deductions you should plan for!

What tax strategy might need to wait until January
LINKS:
Profit & Loss Template
Save Taxes: Free Consultation

Follow me: https://www.instagram.com/thepatdarby

#tax #savetax #wealth
...more
25min
August 09, 2023Episode 92: 5 REASONS TO HAVE A BOARD OF ADVISORS
Whether you're a startup or an established enterprise, having a board of advisors can make a significant impact on your success trajectory. Join us as we explore five reasons to consider forming a board of advisors.
Episode Highlights:
What business entities can use a board of advisors?

What tax strategies can be added to your Board meeting?

Answer what to do if you have nobody for your board
LINKS:
Profit & Loss Template
Save Taxes: Free Consultation

Follow me: https://www.instagram.com/thepatdarby
...more
20min
July 26, 2023Episode 91:BUSINESS ENTITY MISTAKES TO AVOID
One challenge that entrepreneurs often face is choosing the right business entity for their operations. In this article, we will explore some common errors made when selecting a business entity and provide insights on how to avoid them.
Episode Highlights:
The difference between an LLC & S-Corp

Bad S-Corp advice to avoid!

What to do each year to maintain your business entity?
LINKS:
Profit & Loss Template
Save Taxes: Free Consultation

Follow me: https://www.instagram.com/thepatdarby
...more
32min
July 12, 2023Episode 90: 14 DAY TAX-FREE INCOME WITH AUGUSTA RULE
In this episode, we'll dive into the Augusta Rule, which allows you to rent out your vacation property for up to two weeks without paying taxes on the rental income. Learn how to take advantage of this rule to boost your earnings while enjoying your own vacation home.
Tune in now to take your financial journey to new heights!
Episode Highlights:
What is Tax Deferral vs Tax Avoidance?

How does the Augusta Rule work?

How to rent out a Vacation Property!
LINKS:
Profit & Loss Template
Save Taxes: Free Consultation

Follow me: https://www.instagram.com/thepatdarby

#tax #savings #wealth
...more
16min
July 07, 2023Episode 89: TAX SCAMS TO AVOID
In this episode, we also delve into the notorious "Dirty Dozen" list compiled by the IRS, unveiling the most prevalent tax scams that individuals and businesses need to be aware of. To add to the intrigue, we explore the fascinating concept of Offer in Compromise, guiding you on how to determine if you qualify for this potential lifeline in resolving your tax liabilities.
Episode Highlights:
The Difference between tax avoidance & tax evasion!

What is the Dirty Dozen?

How to know if you qualify for an Offer in compromise?
LINKS:
Profit & Loss Template
Save Taxes: Free Consultation
Follow me: https://www.instagram.com/thepatdarby
IRS dirty dozen
IRS pre-qualifier
...more
16min
June 28, 2023EPISODE 88: HOW TO BUY REAL ESTATE IN RETIREMENT ACCOUNTS
We discuss buying real estate within retirement accounts. We'll explore the recommended entity structure for retirement accounts, uncover a tax you can easily avoid, and unveil the biggest risk to steer clear of. Whether you're a seasoned investor or just starting out, this episode will provide you with valuable insights and strategies using your retirement savings for real estate investments.
What entity structure is recommended for Retirement accounts?

What is a tax you can easily avoid?

The biggest risk to avoid

LINKS:
Profit & Loss Template
Save Taxes: Free Consultation
Follow me: https://www.instagram.com/thepatdarby

#tax #realestate #savings #wealth
...more
39min
June 21, 2023Episode 87: WHAT YOUR FIRST EMPLOYEE MEANS TO YOUR RETIREMENT PLAN
In this episode, we delve into the significance of hiring your first employee and its impact on your retirement plan. We discuss the benefits and features of a Solo 401K. Additionally, we address the question of when it may become necessary to shut down your Solo 401K. Furthermore, we examine the tax savings associated with a 401K plan for employees, highlighting the potential tax deductions and deferrals that can be obtained, providing valuable insights for entrepreneurs navigating retirement planning while expanding their workforce.
Episode Highlights:
What is a Solo 401K?

When do you need to shut down your Solo 401K?

What tax savings can you get for a 401K plan for employees?
Links:
Profit & Loss Template
Save Taxes: Free Consultation
Follow me: https://www.instagram.com/thepatdarby

#retirement #tax #savings
...more
34min
June 14, 2023Episode 86: HOW TO MAXIMIZE YOUR MEAL DEDUCTION
Discover what qualifies as a business trip, ensuring you never miss out on deducting your meals. Uncover strategies on how to effectively document your meal expenses, allowing you to confidently navigate the complex world of tax deductions. And most importantly, how you can write off 100% of your food expenses, unlocking valuable savings. Tune in and take control of your meal deductions today!
Episode Highlights:
What counts as a business trip?

How to document your meal deduction!

When can you write off 100% of your food!
Links:
Profit & Loss Template
Save Taxes: Free Consultation

Follow me: https://www.instagram.com/thepatdarby

#tax #savetax #wealth
...more
26min
June 01, 2023Episode 85: FINANCIAL CHALLENGES RUNNING OUTDOOR EVENTS with Jon McMahon
In this episode, Jon McMahon joins us to discuss the financial challenges involved in running outdoor events. From understanding the intricacies of hosting large-scale outdoor events to navigating the potential financial risks, Jon shares invaluable insights. One key point highlighted is the importance of careful planning to address the cash flow problem that often arises during these events. Listeners will gain practical advice on securing sponsorships, budgeting, and managing cash flow to ensure a successful and financially stable outdoor event. Tune in to gain expert knowledge and strategies for overcoming the financial hurdles of hosting outdoor events with Jon McMahon.
How to host a large outdoor event!

Financial risks in these outdoor events!

Cash flow problem you need to plan for!
Links:
Hudson Valley Rodeo
Elements Music
Email Jon
Profit & Loss Template
Save Taxes: Free Consultation
Follow me: https://www.instagram.com/thepatdarby

#tax #taxsavings #savings #wealth
...more
40min

FAQs about Build Your Wealth Muscle:

How many episodes does Build Your Wealth Muscle have?

The podcast currently has 114 episodes available.