How can entrepreneurs and real estate investors legally reduce taxes while building lasting wealth?

In this episode of Uncommon Wealth, John McDonough sits down with CPA, real estate investor, and Tax Strategy 365 founder Ryan Bakke ( @ryanbakkecpa ) to discuss proactive tax planning, real estate investing, business systems, liquidity, estate planning, and wealth preservation.

Ryan explains why tax strategy is one of the most powerful wealth-building tools available, how the short-term rental loophole works, what business owners should know about IRS audits, and why liquidity matters just as much as growing your net worth.

Whether you're a business owner, entrepreneur, investor, CPA, or financial advisor, this episode is packed with practical strategies to keep more of what you earn while creating long-term financial security.

In This Interview, You'll Learn

-The difference between tax preparation and tax planning

-How the short-term rental loophole works

-Ways entrepreneurs can legally reduce taxes

-Why liquidity matters as much as net worth

-How to prepare for an IRS audit

-Building business systems that scale

-Estate planning and wealth transfer strategies

-How proactive tax planning creates long-term wealth

📌 In This Episode

00:15 Introduction & Meet Ryan Bakke

01:15 Why Tax Strategy Builds Wealth

03:53 Income vs. Wealth

07:25 Tax Preparation vs. Tax Planning

09:51 When Entrepreneurs Need Tax Planning

11:18 Managing Large Capital Gains

14:18 Balancing Tax Savings & Liquidity

17:10 The Short-Term Rental Loophole

20:33 Reducing W2 Taxes Through Real Estate

23:20 How to Analyze Investment Properties

25:50 Cash Flow Before Tax Savings

27:40 What Happens During an IRS Audit

30:41 Winning a Short-Term Rental Audit

32:22 Scaling a Professional Services Business

33:34 SOPs & Building Systems

38:00 Creating a Business That Runs Without You

40:02 Asset-Rich vs. Cash-Rich

43:59 Liquidity Strategies for Entrepreneurs

48:06 The Future of Tax Policy

50:44 Estate Planning & Wealth Transfer

51:11 Investing With Confidence

52:37 Financial Preparedness for Families

54:27 Roth Conversion Strategies

56:52 Where to Find Ryan Bakke

Connect with Ryan Bakke:

🌐 Website: https://taxstrategy365.com/apply?el=youtube

💼 LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/

📺 YouTube: https://www.youtube.com/channel/UCg71HVrwsXPsy_Kzp--X5Sw

🎧 Spotify: https://open.spotify.com/show/6IWCaoz8uRc86CAubE8AAG

🎙️ Apple Podcasts: https://podcasts.apple.com/us/podcast/the-ryan-bakke-show/id1612272928

📸 Instagram: https://www.instagram.com/ryanbakkecpa

Learn the strategies top advisors won't talk about:

https://elitecasecloser.academy/

How do successful entrepreneurs turn income into lasting wealth?

In this episode of Uncommon Wealth, John McDonough sits down with real estate investor and entrepreneur @JustinColby to discuss the lessons he learned after losing everything in 2008—and how he rebuilt into a multi-million-dollar real estate business.

They explore entrepreneurship, business systems, liquidity, tax mitigation, succession planning, wealth preservation, real estate investing, and why happiness—not just money—should be the ultimate goal.

Whether you're a business owner, entrepreneur, investor, or financial advisor, this episode is packed with practical strategies for building wealth that lasts.

In This Interview, You'll Learn

-How entrepreneurs recover after losing everything

-Why failure often creates better business owners

-The difference between income and true wealth

-Why business systems create freedom

-How liquidity protects long-term wealth

-Why delegation is essential for scaling

-Tax mitigation and wealth preservation strategies

-How succession planning protects your legacy

📌In This Episode:

00:00 Introduction & Meet Justin Colby

01:17 Growing Up With Adversity

02:09 Losing Everything in 2008

03:09 The Entrepreneurial DNA

07:38 Are Entrepreneurs Born or Made?

10:24 Limiting Beliefs That Hold People Back

15:14 Why Failure Creates Better Entrepreneurs

16:35 Income vs. Wealth

20:23 Investing in Long-Term Health

23:19 Understanding Your Business Numbers

27:02 Can Your Business Run Without You?

28:03 The First Hire Every Entrepreneur Needs

32:44 Building Wealth That Lasts

34:18 Why Happiness Is the Real Goal

40:16 Creating Business Systems for Freedom

44:01 Delegation vs. Abdication

46:10 Justin Colby's 5 Laws of Success

50:43 Why Liquidity Matters

52:25 Whole Life Insurance & Liquidity

54:43 Tax Mitigation Strategies

57:05 Real Estate, Succession & Legacy

59:39 Estate Planning & Asset Protection

01:01:37 Tax Planning for Entrepreneurs

01:04:08 Final Thoughts & Where to Find Justin Colby

Connect with Justin Colby:

🌐 Website: https://www.skool.com/@justin-colby-9831

💼 LinkedIn: https://www.linkedin.com/in/thejustincolby

📺 YouTube: https://www.youtube.com/c/JustinColby

📘 Facebook: https://www.facebook.com/thejustincolby/

📸 Instagram: https://www.instagram.com/thejustincolby/?hl=en

Learn how elite financial advisors position themselves for larger opportunities, lead advanced wealth conversations, and close more impactful cases: https://elitecasecloser.academy/

What separates entrepreneurs who create wealth from those who preserve it for generations?

In this episode of Uncommon Wealth, John McDonough sits down with top-producing real estate entrepreneur Kyle Seyboth, founder of the Seyboth Team and broker-owner of Century 21 Limitless, to discuss entrepreneurship, liquidity, real estate investing, business growth, legacy, and generational wealth.

Kyle shares the lessons he's learned from building one of the nation's top real estate organizations, why liquidity matters more than net worth, how entrepreneurs should think about risk, and the mindset required to create wealth that lasts beyond one generation.

Whether you're a business owner, entrepreneur, investor, or financial advisor, this episode offers practical insights on building, protecting, and transferring wealth.

In This Interview, You'll Learn

-Why liquidity is more important than net worth

-The difference between creating wealth and preserving it

-How entrepreneurs should approach financial risk

-Common wealth-building mistakes business owners make

-Why generational wealth starts with strong values

-How estate planning protects your family's future

-The mindset behind long-term entrepreneurial success

-How to build a lasting financial legacy

📌 In This Episode

00:15 Introduction & Meet Kyle Seyboth

01:18 From Financial Services to Real Estate

04:28 Why Success Is Never "Enough"

05:47 Finding Financial Freedom Through Liquidity

09:28 Building Generational Wealth

12:24 Creating Wealth vs. Preserving Wealth

14:03 Asset Rich vs. Cash Rich

16:08 Common Financial Mistakes Entrepreneurs Make

18:29 Why Most Entrepreneurs Quit Too Soon

20:13 Fatherhood, Success & Leadership

23:40 Legacy, Values & Raising the Next Generation

25:48 Estate Planning & Protecting Family Wealth

27:00 Why Values Matter More Than Assets

29:01 Where to Find Kyle Seyboth

Connect with Kyle Seyboth:

🌐 Website: https://www.seybothteamhomes.com/

💼 LinkedIn: https://www.linkedin.com/in/kyle-seyboth/

📺 YouTube: https://www.youtube.com/@TheSeybothTeam

📘 Facebook: https://www.facebook.com/theseybothteam/reels/

📸 Instagram: https://www.instagram.com/theseybothteam/

𝕏 X: https://x.com/kyleseyboth

Learn how elite advisors lead advanced wealth conversations, build lasting client relationships, and position themselves for larger opportunities.

Learn more → https://elitecasecloser.academy/

What does it really cost to remain unknown?

In this episode of Uncommon Wealth, John McDonough sits down with Hollywood Media Coach, bestselling author, entrepreneur, and Celebrity Entrepreneur founder Clint Arthur to discuss personal branding, media authority, entrepreneurship, artificial intelligence, and why credibility is becoming one of the most valuable assets in today's economy.

Clint shares the pivotal moments that transformed his life—from uncovering the truth about his identity to rebuilding his confidence and creating a business that helps entrepreneurs become recognized authorities in their industries. He explains why visibility creates opportunity, how media builds trust, and why authentic credibility will only become more valuable as AI continues to reshape business.

Whether you're an entrepreneur, business owner, executive, consultant, financial advisor, author, speaker, or investor, this conversation offers practical strategies for building influence, earning trust, and creating lasting opportunities through personal brand authority.

In This Interview, You'll Learn

-Why obscurity is one of the biggest business risks

-How personal branding creates business opportunities

-Why media authority builds trust faster than advertising

-How AI is changing the future of credibility

-The mindset shift that transformed Clint's life

-Why your identity shapes your success

-How entrepreneurs can become recognized experts

-Why authentic trust will outperform artificial content

📌 In This Episode

00:00 Meet Clint Arthur

02:09 The Identity Shift That Changed Everything

07:02 From Taxi Driver to Entrepreneur

09:01 Why Authority Starts With Visibility

13:46 Why Most Entrepreneurs Stay Invisible

17:02 Personal Branding in the Age of AI

21:49 The Financial Cost of Obscurity

26:09 What Uncommon Wealth Means

30:48 Business Lessons From Successful Entrepreneurs

37:42 Can Your Business Survive Without You?

46:10 Tax Planning & Lifestyle Design

49:15 Rapid Fire Questions

52:05 Where to Find Clint Arthur

Connect with Clint Arthur:

🌐 Website: https://clintarthur.tv/

💼 LinkedIn: https://www.linkedin.com/in/clintarthur

📺 YouTube: https://www.youtube.com/channel/UCtd3oCkJXZjRQuStaeBhzNg

📘 Facebook: https://www.facebook.com/ClintArthur

📸 Instagram: https://www.instagram.com/clintarthur.tv

Learn the strategies top advisors won't talk about:

https://elitecasecloser.academy/

If you enjoyed this episode, follow the podcast, leave a review, and share it with an entrepreneur, executive, consultant, or business owner who needs to build greater visibility, authority, and trust in an AI-driven world.

What separates extraordinary leaders from everyone else?

After interviewing more than 700 world-class leaders—including Jim Collins, Simon Sinek, Tony Robbins, and Kat Cole—leadership expert, bestselling author, and Learning Leader founder Ryan Hawk has discovered one common trait: the willingness to keep showing up long after the excitement fades.

In this episode of Uncommon Wealth, John McDonough sits down with Ryan to discuss leadership, consistency, delayed gratification, artificial intelligence, relationships, wealth, and the principles behind his new book, The Price of Becoming.

Whether you're an entrepreneur, business owner, executive, financial advisor, or lifelong learner, this conversation offers practical lessons on becoming the leader your future requires.

In This Interview, You'll Learn

-What 700 world-class leaders have in common

-Why consistency beats talent over time

-How delayed gratification creates long-term success

-Why AI should enhance—not replace—your thinking

-How to increase your "surface area for luck"

-Why relationships matter more than revenue

-The difference between resume virtues and eulogy virtues

-How to build a meaningful life and lasting legacy

📌 In This Episode

00:00 Meet Ryan Hawk

03:13 What 700 Leaders Taught Him About Leadership

05:15 The Real Price of Becoming Exceptional

08:30 Why Most People Quit Too Soon

14:28 AI Should Never Replace Your Thinking

21:45 Why Money Can't Buy a Meaningful Life

25:30 Resume Virtues vs. Eulogy Virtues

30:00 How to Increase Your Surface Area for Luck

41:38 You're Living in the Good Old Days Right Now

49:04 Why Ryan Doesn't Chase Legacy

55:30 Creating Wealth That Lasts for Generations

01:03:09 The Score That Really Matters

Connect with Ryan Hawk:

🌐 Website: https://learningleader.com/

💼 LinkedIn: https://www.linkedin.com/in/ryanhawk12/

📺 YouTube: https://www.youtube.com/@RyanHawk

📘 Facebook: https://www.facebook.com/TheLearningLeaderShow/

📸 Instagram: https://www.instagram.com/ryanhawk12/

𝕏 X: https://x.com/RyanHawk12

Success isn't built by chasing extraordinary moments. It's built by repeating ordinary disciplines long enough for extraordinary results to become inevitable.

What separates entrepreneurs who build lasting wealth from those who never reach their full potential?

In this episode of Uncommon Wealth, John McDonough sits down with entrepreneur, investor, bestselling author, and Entrepreneurs On Fire founder John Lee Dumas to discuss entrepreneurship, wealth creation, tax strategy, resilience, financial freedom, and legacy.

Drawing from more than 5,600 interviews with some of the world's most successful entrepreneurs, John shares the habits, mindset, and business principles that consistently lead to long-term success. From embracing failure and choosing the right markets to preserving wealth through strategic tax planning, this conversation is packed with practical lessons for entrepreneurs, investors, business owners, and financial advisors.

In This Interview, You'll Learn

-The habits shared by successful entrepreneurs

-Why failing faster accelerates growth

-How to identify high-opportunity markets

-How tax strategy impacts long-term wealth

-What financial freedom really means

-Why legacy is about more than leaving money

-How podcasting creates powerful business relationships

📌 In This Episode

00:00 What Creates Uncommon Wealth?

00:58 The #1 Pattern Behind Extraordinary Success

03:49 Building Wealth in Growing Industries

05:13 Why Entrepreneurs Must Fail Fast

09:15 Why Entrepreneurs On Fire Was Built Differently

11:42 Tax Strategies, Puerto Rico & Keeping More Wealth

16:27 Redefining Success After Financial Freedom

17:24 Legacy, Raising Strong Children & Generational Wealth

22:07 Can Your Business Survive Without You?

24:55 Lessons From Interviewing 5,600+ Entrepreneurs

29:54 Why Podcasting Is the Ultimate Networking Tool

36:29 How Much Money Is Enough?

41:46 Why Entrepreneurs Never Really Retire

43:35 From Success to Significance

44:34 Where to Find John Lee Dumas

Connect With John Lee Dumas:

🌐 Website: https://www.eofire.com/

💼 LinkedIn: https://pr.linkedin.com/in/eofire

📺 YouTube: https://www.youtube.com/channel/UCXfzpliAfdjParawJljHo2g

📘 Facebook: https://www.facebook.com/EOFire

📸 Instagram: https://www.instagram.com/johnleedumas/?hl=en

Learn the strategies top advisors won't talk about:

https://elitecasecloser.academy/

If you enjoyed this episode, follow the podcast, leave a review, and share it with an entrepreneur, business owner, or investor who is focused on building lasting wealth, creating freedom, and leaving a meaningful legacy.

Most entrepreneurs think they need to work harder to scale.

Corrina Carter discovered the opposite.

After growing CMS Mortgage from 28 employees across 7 states to 158 employees in 27 states, she learned that sustainable growth doesn't come from working longer hours—it comes from building systems, developing leaders, and creating a business that can thrive without its founder.

In this episode, Corrina ( @cmsmortgage ) shares the leadership principles, scaling strategies, and succession planning lessons that transformed her company into a founder-independent organization.

In This Interview, You'll Learn

-How to scale a business without working more hours

-Why every founder needs a succession plan

-How to build systems that reduce founder dependence

-The leadership principles behind sustainable growth

-Why financial preparedness matters long before retirement

-How culture impacts long-term business success

-The lesson Corrina learned after her CPA "fired" her

-How to build a company that lasts beyond its founder

📌 In This Episode

00:00 Meet Corrina Carter

02:45 From Getting Fired to Building a Business

07:16 Retire or Reinvest?

10:42 When Should Founders Think About Succession?

14:43 Building a Founder-Free Business

19:29 What Financial Preparedness Really Means

24:28 Why Every Business Needs an Exit Plan

29:07 Leading with Heart

33:34 Why Her CPA Fired Her

37:50 How CMS Mortgage Helps Businesses Scale

Connect with Corrina Carter:

🌐 Website: https://cmsmortgage.com/team-member/corrina-carter/

💼 LinkedIn: https://www.linkedin.com/company/cms-mortgage-group-inc/

📺 YouTube: https://www.youtube.com/channel/UCHe0M6QcOEiN7YB7S9BrXiw

📘 Facebook: https://www.facebook.com/corrina.carter.75/

📸 Instagram: https://www.instagram.com/cmsmortgage

𝕏 X: https://x.com/MortgageCms

Learn the strategies top advisors won't talk about:

https://elitecasecloser.academy/

If you enjoyed this episode, follow the podcast, leave a review, and share it with someone building a business, leading a team, or creating a company designed to grow long after they're no longer at the center of it.

What happens when one decision costs you everything you've spent decades building?

In this episode of Uncommon Wealth, John McDonough sits down with real estate investor, entrepreneur, author, speaker, and multifamily coach Mike Morawski to discuss building a $100 million real estate business, losing it during the 2008 financial crisis, serving time in federal prison, and rebuilding his life through accountability, resilience, and purpose.

Mike shares powerful lessons on leadership, wealth preservation, investing, overcoming adversity, and why true wealth extends far beyond financial success.

Whether you're an entrepreneur, investor, business owner, financial advisor, or leader, this conversation offers practical insights on protecting your business, learning from failure, and building a legacy that lasts.

In This Interview, You'll Learn

-How Mike built a $100 million real estate business

-The decisions that led to losing everything

-Why accountability is the foundation of resilience

-How prison transformed his perspective on wealth

-What successful entrepreneurs can learn from failure

-How he approaches investing differently today

-Why ego can become your greatest liability

-What true wealth really means

In This Episode:

00:00 Meet Mike Morawski

01:20 From Construction to Real Estate Investing

03:13 Building a $100 Million Company

04:14 The 2008 Collapse That Changed Everything

05:15 The Decision That Led to Federal Prison

06:30 Hitting Rock Bottom at Age 53

07:08 The Prison Conversation That Changed His Life

09:21 The Five Mistakes That Cost Him Everything

13:45 Why His Definition of Wealth Changed Forever

16:10 Why He Chose to Share His Story Publicly

21:11 Investing Differently After Losing Everything

24:08 What Keeps Him Awake at Night Today

28:42 The Ego That Nearly Destroyed Everything

30:38 The Legacy He Wants to Leave Behind

32:08 Rapid-Fire: Best & Worst Investment Lessons

36:06 What Uncommon Wealth Really Means

Connect with Mike Morawski:

🌐 Website: https://www.mikemorawski.com

💼 LinkedIn: https://www.linkedin.com/in/michael-morawski/

📺 YouTube: https://www.youtube.com/@MyCoreIntentions/featured

📘 Facebook: https://www.facebook.com/mikeisyourmentor

📸 Instagram: https://www.instagram.com/mikemorawski2

𝕏 X: https://x.com/MikeMorawski2

Learn the strategies top advisors won’t talk about:

https://elitecasecloser.academy/

If you enjoyed this episode, follow the podcast, leave a review, and share it with someone who is building a business, preserving wealth, or learning how to come back stronger after adversity.

In this episode of Uncommon Wealth, John Cachia sits down with entrepreneur, investor, former professional skateboarder, Commune Capital co-founder, and Thousand Oaks Mayor Mikey Taylor for a wide-ranging conversation about wealth, identity, business exits, investing, and legacy.

Mikey shares the mindset shifts that shaped his journey from becoming one of the world's top professional skateboarders to co-founding Saint Archer Brewing, helping build it into a nationally recognized brand, and leading it through a successful acquisition by MillerCoors. He opens up about the difficult transition away from his skateboarding identity, the emotional realities of a major liquidity event, and the lessons he learned about taxes, investing, and long-term wealth preservation.

The conversation dives into real estate investing, family governance, generational wealth, entrepreneurship, and the mistakes many founders make after a successful exit. Mikey also discusses why faith, family, and purpose have become central to his life, how he approaches leadership as Mayor of Thousand Oaks, and what true success looks like beyond financial achievement.

In this episode, you’ll learn:

• Why building wealth and preserving wealth require different strategies

• The identity challenges entrepreneurs and athletes face after major success

• How to avoid costly investing and tax planning mistakes after a liquidity event

• What it takes to create lasting wealth, strong families, and meaningful legacy

Connect with Mikey Taylor:

Instagram: https://www.instagram.com/mikeytaylor

TikTok: https://www.tiktok.com/@mikeytaylor

YouTube: https://www.youtube.com/c/mikeytaylor

Facebook: https://www.facebook.com/RealMikeyTaylor

Website: https://communecapital.com

Linktree: https://linktr.ee/mikeytaylorcommune

Too many advisors focus on reporting what happened instead of helping clients plan what comes next. The biggest opportunities come from proactive strategy, not reactive decisions.

Want to close bigger cases with confidence?

Join the Academy → https://elitecasecloser.academy/

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What if everything you’ve been told about short-term rentals is wrong?

In this episode of Uncommon Wealth, John McDonough sits down with serial entrepreneur, investor, and Build STR Wealth founder Bill Faeth to uncover the real strategies behind building a profitable real estate portfolio that creates cash flow, protects your time, and generates long-term wealth.

Bill shares how he went from nearly filing bankruptcy to building a multi-million-dollar short-term rental portfolio, why most investors fail in Airbnb, and the exact systems he uses to outperform the market. From direct bookings and super properties to tax strategy, liquidity planning, asset protection, and legacy wealth, this conversation is packed with actionable insights for entrepreneurs and investors.

In this episode, you'll learn:

🏡 Why short-term rentals are an operating business, not passive income

📈 How Bill consistently outperforms market averages through marketing and guest experience

💰 The biggest tax mistakes real estate investors make

🎯 How to identify high-performing "Super Properties"

🧠 Why direct bookings create a massive competitive advantage

⚖️ How to think about liquidity, asset protection, and generational wealth

🚀 The "Two Extra Steps" philosophy that creates an unfair advantage in business

Whether you're a real estate investor, entrepreneur, business owner, or someone looking to create more freedom through strategic investing, this episode delivers practical lessons you can apply immediately.

Connect with Bill Faeth:

🌐 Website: https://www.billfaeth.com

🏡 Build STR Wealth: https://buildstrwealth.com

📖 Book: Super Properties: https://www.billfaeth.com/book/

💼 LinkedIn: https://www.linkedin.com/in/billfaeth

📺 YouTube: https://www.youtube.com/@billfaeth

🎥 Build STR Wealth YouTube: https://www.youtube.com/@BuildShortTermRentalWealth

Verified active platforms and business channels were confirmed through Bill Faeth's official website and current public business profiles.

Learn the strategies top advisors won’t talk about →

https://elitecasecloser.academy/

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