#147: Chris and Ankur Nagpal (co-founder of Carry) discuss strategies to save money on taxes. They explore offsetting W2 income, limiting capital gains, some unique investments that help optimize your taxes and more! They also cover tax strategies for current and future business owners.
Ankur Nagpal is the founder and CEO of Carry, which helps empower business owners to build their wealth. He also founded Teachable, an e-learning platform that was acquired for ~$250 million.
Link to Full Show Notes: https://www.allthehacks.com/save-on-taxes-2023

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Carry: $400 off Pro Plan and free access to premium wealth building course
For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

Resources Mentioned
Ankur Nagpal: Twitter | Carry (+ Carry's Free Resources)
Side Hustles For Experts: GLG | Guidepoint
Professional CPAs: Gelt (Skip the waitlist with this link)
Tax Decoding Site: Decode.tax
Interest Tracing Guidelines Tactics: Deloitte Guide | SVB Mortgage Example
Tax Advantaged Solar: Valur
Exchange Funds: Cache (Management fees waived for one year with this link)
ATH Episodes:

#144: Leveraging Tax-Advantaged Accounts to Maximize Your Wealth with Katie Gatti Tassin


#92: Year End Checklist for Your Money, Taxes, Points and Miles


#62: Protect Your Family, Mitigate Taxes and Preserve Your Wealth



Full Show Notes
(03:30) Why It's Important to Pay Taxes
(05:00) Basic Context on Taxes
(08:33) Capital Gains for General W2 Income Earners
(14:00) Itemizing Deductions
(20:09) Charitable Deductions
(25:14) Home Energy: Inflation Reduction Act
(27:49) Tax Strategies for Parents
(31:39) Non-Qualified Deferred Compensation Plans (NQDC)
(39:29) Side Hustles for W2 Income Earners
(40:47) Hiring a CPA vs. Doing Taxes on Your Own
(45:39) Using AI to Help with Taxes
(47:05) Tax Code for Personal Real Estate
(53:36) Real Estate Investments
(1:02:17) Tax Incentives for Solar
(1:09:38) Other Investment Tax Strategies
(1:12:29) Qualified Business Income Deduction
(1:22:28) Health Insurance

Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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How to Save on Taxes with Ankur Nagpal

Learn all the hacks to upgrade your life, money and travel – all while spending less and saving more. Host Chris Hutchins is a life hacker who has saved millions by breaking down every aspect of life, looking to maximize happiness at the lowest cost. Chris and guests like Tim Ferriss, Tony Hawk, Codie Sanchez and Gary Vaynerchuk will help you learn the strategies and tactics they used to shape their success.

Society & Culture

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Self-Improvement

#170: Chris makes a case for cash back in your credit card strategy based on some recent changes in the points and miles world. He goes deep on strategies for every spending category and shares his analysis of how to optimize points vs. cash back for the best ROI.
Link to Full Show Notes: https://allthehacks.com/cash-back-vs-points-credit-cards

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Bilt Rewards: Earn the most valuable points when you pay rent
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For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

All the Hacks


Credit Card Optimization Tool v2 (w/ $10 Discount)

All the Hacks Membership

Credit Cards Page


Credit Cards Mentioned
Overall Spend

Robinhood Gold Card

Bank of America® Premium Rewards® Credit Card

Discover it® Miles

Chase Freedom Unlimited®

Higher Cash Back in 1-2 Categories

U.S. Bank Cash+® Visa Signature® Card

Citi Custom Cash℠ Card

Bank of America® Customized Cash Rewards Credit Card

Rotating Categories

Discover it® Cash Back Credit Card

Chase Freedom Flex℠

Dining/Restaurants

Capital One® Savor® Cash Rewards Credit Card

U.S. Bank Altitude® Go Visa Signature® Card

American Express® Gold Card

Travel

The Platinum Card® by American Express

U.S. Bank Altitude® Reserve Visa Infinite® Card

Wells Fargo Autograph Journey℠ Card

Chase Sapphire Reserve®

Grocery/Supermarkets

Blue Cash Preferred® Card from American Express

AAA Daily Advantage Visa Signature ® Credit Card

American Express® Gold Card

Verizon Visa® Card

Internet/Cable/Phone Bills

Chase Ink Business Cash® Credit Card

BMO CashBack® Mastercard®

Gas
Abound Visa® Platinum Card
Entertainment/Streaming

Capital One® Savor® Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

Drugstores

Chase Freedom

Chase Freedom Unlimited®

Chase Freedom Flex℠

Rent
Bilt Mastercard®
Office Supplies
Chase Ink Business Cash® Credit Card
Amazon/Whole Foods
Amazon Prime Rewards Visa Card
Mobile Wallet:

U.S. Bank Altitude® Reserve Visa Infinite® Card + Real Time Rewards


Resources Mentioned
Wealthfront: Get $5k managed free & get a 0.5% APY boost
Copilot: Free 2 months access to my favorite personal finance app with code HACKS2
X (Twitter) post: Couple opened 26 credit cards in 2017 and earned 2M points

Full Show Notes
(00:00) Introduction
(01:55) Chris' Personal Points & Miles History
(02:48) 3 Big Changes to Chris' Credit Card Strategy
(04:29) How to Take Advantage of Transfer Bonuses to Book Flights
(11:49) The Basics of Cash Back
(12:50) Best Cash Back Cards for Overall Spend
(14:06) Cards for Higher Cash Back in Certain Categories
(15:11) Other Category Spend
(19:42) Best Cards for Dining
(20:40) Travel Category
(21:44) Uncapped Card for Gas
(21:56) Cards for Groceries
(22:26) Internet, Phone Bill, and Cable Category
(22:35) Chris' Revamped Card Optimization Spreadsheet
(26:35) Main Cards for Team Points Vs. Team Cash Back
(27:44) Chris' Analysis & Category Run Through
(33:42) The Biggest Takeaway on Cash Back
(36:24) Cards for Spending Categories Like Rent, Entertainment, and Office Supplies
(39:32) The Big Wrench: Welcome Bonuses
(41:58) The Points & Miles Game With Player 2
(43:14) Credit Card Issuer Rules for Welcome Bonuses
(48:03) Quick Summary and Chris’ Final Takeaway

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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Cash Back vs. Points: Are We Playing the Wrong Credit Card Game?

#169: Bestselling author Kim Scott highlights the impact of using radical candor to maintain better relationships at work and home. She shares tactics to solicit feedback, overcome the discomfort of giving and receiving criticism, and navigate situations when others disagrees with your feedback. They also discuss the evolution of Radical Candor towards Radical Respect, which addresses the impact of unconscious biases.
Kim Scott is the co-founder of Radical Candor, an executive education company based on her book, which has sold over 1 million copies and has been translated into 23 languages. Kim has a diverse background in leadership and management, having coached CEOs at top tech firms like Dropbox, Qualtrics and Twitter, as well as leading teams at Apple University and Google.
Link to Full Show Notes: https://allthehacks.com/kim-scott-radical-candor

Partners
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For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

Resources Mentioned
Kim Scott: Website | LinkedIn

Radical Candor: Be a Kick-Ass Boss Without Losing Your Humanity


Radical Respect: How to Work Together Better (Available for Pre-Order)

Books:


The No Asshole Rule by Robert I. Sutton


Thinking, Fast and Slow by Daniel Kahneman


Full Show Notes
(00:00) Introduction
(02:13) What Is Radical Candor?
(07:21) Importance of Radical Candor in Personal Relationships
(16:39) How Do You Deliver Radically Candid Feedback?
(19:33) Ways to Share Criticism as Feedback
(25:42) 4 Steps for Soliciting Feedback
(31:28) What to Do If Someone Disagrees with Your Feedback
(34:17) The Differences in Radical Candor Across Different Cultures
(36:47) The Negative Impact of Sharing Feedback on Text or Email
(44:17) The Evolution from Radical Candor to Radical Respect
(49:54) Examples of Unconscious Bias
(54:01) Tactics to Handle Unconscious Bias
(57:44) Applying Radical Candor and Respect with Family
(1:00:41) Importance of Being Open to Criticism from Your Kids

Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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Using Radical Candor to Strengthen Relationships at Work and Home with Kim Scott

#168: Former portfolio manager Chris Doyle joins to discuss strategic ways to build and manage your investment portfolio. They do a deep dive on diversification, tax-award allocation, capacity and tolerance for risk, tax-loss harvesting, rebalancing and more.
Chris Doyle is a Research Scientist at the Stanford Autonomous Agents Lab. He co-founded the technology startup Grove to make financial services accessible and affordable for everyone. Before that, he was an investor at a macro hedge fund and had a trading career at Barclays Capital.
Link to Full Show Notes: https://allthehacks.com/investment-portfolios-chris-doyle

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Daffy: Free $25 to give to the charity of your choice
For all our deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

Resources Mentioned
Chris Doyle: LinkedIn | Website
Wealthfront (Get $5k managed free and get a 0.5% APY boost)
Triumph of the Optimists: 101 Years of Global Investment Returns
Articles

Mutual Funds That Consistently Beat the Market? Not One of 2,132. (Published 2022)

Lump-sum investing versus cost averaging: Which is better?

All the Hacks Episodes

#19: Becoming a Better Investor with Andy Rachleff


#59: Save Money, Build Wealth and Just Keep Buying with Nick Maggiulli



Full Show Notes
(00:00) Introduction
(02:14) Important Factors to Consider Before Building a Financial Portfolio
(05:54) One of the Major Mistakes Made by Retail Investors
(07:50) How to Think About Financial Risk
(08:33) Importance of Asset Class Diversification
(13:47) How to Determine Which Asset Classes to Include
(20:19) Why People Add Emerging Markets to Their Portfolio
(21:15) The Argument for International Stocks
(22:18) The Case For or Against Real Estate
(23:41) Trading Commodity Futures
(28:18) Investing in Crypto
(30:52) Non-Traditional Investments
(37:04) Bonds and Fixed Income Allocation
(43:30) Cash Interest Rate vs. Long-Term Bond Interest Rate
(46:11) How to Think About Investing
(50:34) Ways to Migrate from One Portfolio to Another
(54:06) The Role of Tax Rates
(1:01:31) Rebalancing Portfolios
(1:03:04) Tax Loss Harvesting
(1:09:39) Direct Indexing
(1:12:37) How Often Should You Change Your Portfolio?
(1:14:50) Uninvested Cash
(1:17:22) How to Pick the Right Perfect Portfolio
(1:20:22) Financial Advisors: Humans vs. Software

Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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Building an Investment Portfolio to Grow and Protect Your Wealth with Chris Doyle

#167: Points and miles experts Greg Davis-Kean and Chris discuss how you can optimize hotel award search tool features to save money and get the best deal for your next hotel booking. They also offer tips to get perks like complimentary breakfast, room upgrades, resort credits, early check-in, late checkout, and more.
Greg Davis-Kean is the founder of Frequent Miler, a blog dedicated to helping people maximize their travel rewards and loyalty programs, mostly without flying. He is also the host of the Frequent Miler on the Air podcast.
Link to Full Show Notes: https://allthehacks.com/greg-frequent-miler-hotel-award-tools/

Partner Deals
Copilot: Free 2 months access to my favorite personal finance app with code HACKS2
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For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

Resources Mentioned
Greg Davis-Kean: Frequent Miler | Frequent Miler on the Air | Twitter
Hotel Award Search Tools


Awayz ($10 for All the Hacks listeners and 50% off for All the Hacks members)


AwardTool ($20 off annual plans with code ALLTHEHACKS)

Rooms.Aero

MaxMyPoint

StayWithPoints

PointsYeah Hotels

Hotel Perks and Upgrade Programs

All the Hacks Hotel Upgrade Program

American Express Fine Hotels + Resorts®

Luxury Hotel & Resort Collection

Capital One Premier Collection Hotels & Resorts

Hotels

California: Alila Ventana Big Sur | Miraval Resorts and Spas


Napa, California: Alila Napa Valley | The Westin Verasa Napa


Bay Harbor, Michigan: Inn at Bay Harbor


Queenstown, New Zealand: Eichardt's Private Hotel


Bora Bora: St. Regis Bora Bora Resort | Conrad Bora Bora Nui


All the Hacks Episodes

#166: Best Tools for Booking Flights with Points & Miles with Greg the Frequent Miler


#49: Bora Bora (Almost) for Free with Miles and Points



Full Show Notes
(02:09) Things to Consider Before Booking Hotels
(03:05) Awayz Features
(06:55) Review of Rooms.Aero
(09:16) Tools for Full Year Award Availability
(12:51) How to Optimize Different Features on Hotel Award Tools
(16:39) AwardTool's Hotel Tool
(19:40) Use Case for a Stay at the Inn at Bay Harbor
(22:52) Planning Trips Around Hotel Award Availability vs. Flight Award Availability
(28:19) How to Get Perks in the Luxury Travel World
(32:03) New Hotel Tool from PointsYeah

Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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Best Tools for Booking Hotels with Points & Miles with Greg the Frequent Miler

#166: Award search pros Greg Davis-Kean and Chris share insider tips to save hundreds (or thousands) of dollars when utilizing points and miles to book flights. They showcase practical use cases to help evaluate the pros and cons of the best award flight tools out there, both free and paid versions. They also discuss the best tools for flight trip monitoring and seat alerts.
Greg Davis-Kean is the founder of Frequent Miler, a blog dedicated to helping people maximize their travel rewards and loyalty programs, mostly without flying. He is also the host of the Frequent Miler on the Air podcast.
Link to Full Show Notes: https://allthehacks.com/greg-frequent-miler-flight-award-tools

Partner Deals
Superhuman: Free month of the fastest and best email with code ALLTHEHACKS
Bilt Rewards: Earn the most valuable points when you pay rent
NetSuite: Get a one-of-a-kind flexible financing program
Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth
DeleteMe: 20% off removing you and your family's personal info from the web
For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

Resources Mentioned
Greg Davis-Kean: Frequent Miler | Frequent Miler on the Air | Twitter
Flight Award Search Tools

PointsYeah


AwardTool ($20 off annual plans with code ALLTHEHACKS)


point.me (20% off annual plans with code ALLTHEHACKS20)

Roame.travel

Seats.Aero


Points Path Chrome Extension

SeatSpy

AwardLogic

PointHound

Reward Flight Finder


ExpertFlyer (Free Seat Alerts)

Other Travel Tools


FlightConnections (Find direct flights)

Flighty

TripIt

Google Flights

Frequent Miler Blog Post: Which award search tool is best?
Award Search Tools Comparison Spreadsheet
All the Hacks Episode #167: Best Tools for Booking Hotels with Points & Miles with Greg the Frequent Miler

Full Show Notes
(00:00) Introduction
(02:30) Overall Episode Topic Breakdown
(06:41) Important Info to Know Before Using Award Flight Search Tools
(09:27) Essential Award Flight Search Tool Features
(12:34) Why You Should Always Set Flight Alerts
(14:59) The Best Award Search Tools (April 2024)
(20:43) How to Find Which Airlines Fly Direct
(22:45) Paid Features on PointsYeah & AwardTool
(23:33) Review of point.me
(32:48) The Impact of Award Flight Search Tools
(39:11) Roame Travel
(40:09) Flight Discovery for the Best Deals
(44:39) Seats.Areo Review
(53:46) How to get Free Access to point.me
(55:29) More Flight Tools
(59:23) ExpertFlyer for Seat Alerts
(1:00:34) Tools for Trip Monitoring

Connect with All the Hacks
All the Hacks: Newsletter | Website | Membership | Email
Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Learn more about your ad choices. Visit megaphone.fm/adchoices

How to Save on Taxes with Ankur Nagpal

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