The tax code isn’t designed to punish investors; it is designed to reward those who understand how to use it effectively.
In this episode of the Strength in Numbers podcast, Marcus Crigler and Kaden Hackney break down a concept most entrepreneurs completely miss when it comes to taxes and wealth building.
Listen as Marcus gives a preview of a presentation he’s preparing for a national real estate conference, and the four financial stages every entrepreneur goes through. He also explains why poor bookkeeping creates the “chaos tax,” why reserves matter more than revenue when it comes to expenses, and how the right entity structure can completely change your tax strategy.
Enjoy the show!
You’ll Learn How To:
- Play the long-term tax game
- Avoid the “chaos tax” that costs entrepreneurs thousands
- Build proper personal and business reserves
- Structure your business so tax strategy works
What You’ll Learn in This Episode:
(02:35) The real purpose behind tax deferral strategies
(03:38) Preview of Marcus’s upcoming presentation
(05:01) The common problem entrepreneurs face when trying to grow wealth
(07:07) The seven rules of the tax game
(08:16) Why the tax game only matters if you’re playing the wealth game
(08:55) Different stages of the wealth game and different rules of the game
(11:16) The danger of comparing your journey to other investors
(12:02) Rule #1: Entrepreneurs win the tax game
(13:20) Rule #2: Avoid the “chaos tax.”
(14:53) Why don’t many investors realize how much money they actually made
(16:03) You can't do strategy without clarity
(19:05) The secure stage and why most entrepreneurs try to skip it
(19:26) Building business reserves before expanding
(20:38) Bad debt must eventually be eliminated
(22:21) Rule #3: Structure is strategy
(26:27) Rule #4: Taking advantage of the entrepreneur’s tax gifts
(27:06) Examples of simple tax strategies most people overlook
(29:06) Partial dispositions explained
(30:05) Moving from the secure stage into the expansion stage
(30:48) Expenses should grow with reserves, not just revenue
(31:24) The rule of three months of reserves before making new hires
(34:30) Introducing the concept of the “tax ladder.”
(38:32) Marginal tax brackets matter more than most people realize
(39:39) Rule #6: Understanding and using Real Estate Professional (REP) status
(40:32) What is a tax shelter?
(41:38) Rule #7: Tax savings should fund wealth, not lifestyle
Who This Episode Is For:
- Real estate entrepreneurs who want a better tax strategy
- Business owners who are trying to scale
- Investors who want to build long-term wealth
- Entrepreneurs who want to understand how the tax system works
Why You Should Listen:
In this episode, Marcus and Kaden explain the framework behind that strategy and the financial stages every serious entrepreneur has to move through to win the long game.
Connect with Marcus Crigler:
- Website: https://beccfo.com/
- LinkedIn: https://www.linkedin.com/in/marcus-crigler-cpa-977a45b7
- Facebook: https://facebook.com/marcus.crigler