What’s Kenner French Thinking!

While tax laws are intricate and vary based on individual circumstances, there are relatively simple strategies entrepreneurs should use to reduce tax liability. This episode should help a ton.

In this conversation, Kenner and Lily discuss the topic of employing virtual assistants and overseas employees. They explore the benefits and potential moral obligations of hiring overseas, as well as the challenges and risks involved. They also emphasize the importance of knowing the job of the virtual assistant and having processes in place to minimize downtime. Overall, they believe that hiring overseas can be a win-win situation for entrepreneurs.

You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Add on top of that the new potential of huge earnings in cryptocurrency and you have a powerful combination. Earnings in a Roth IRA grow tax free as long as the owner abides by the Internal Revenue Service (I.R.S.) rules, and withdrawals are federally tax free once you reach age 59½ and have held the Roth IRA for at least five years.

Unfortunately, some people make too much money to contribute to one.

There is a way for high earners to bypass these limits, however: the “backdoor” Roth IRA strategy.

High-income taxpayers may create Roth IRAs indirectly. This involves a little maneuvering, but may be of interest to certain investors — and also can also be invested in crypto nowadays.

The “backdoor” IRA strategy typically starts with the creation of a traditional IRA. The contributions to this new IRA are usually non-deductible, because of the IRA owner’s high modified adjusted gross income. This new traditional IRA is fully or partly funded, and with a financial professional’s help, it is quickly converted to a Roth IRA, and any tax liability is paid. Sometimes finding an investment professional who has knowledge in cryptocurrency is a challenge but they are out there. Backdoor Roth IRAs are great potential environments for crypto.

JD Gibson, the author of the popular business tomb, "The Middle Class Mindset Escape Plan," that has helped people move from W2 to entrepreneur in a matter of months joins the Vast Voice. The Texan talks about what elevated him from being "just a doc(tor)" to becoming such a big businessman - he now owns one of the most beautiful estates in Texas.

Gibson goes over some of his ideas like:

1) Think like the wealthy

2) Identify and change the bad "Monetary Imprint Gene."

3) And, finally, he talks about the big changes smaller Entrepreneur's need to do to get on the path to success.

If you are not using technology, specifically AI, to lower your tax liability, something is wrong. Technology is now more readily available, even at relatively low prices than ever. Therefore, you should be using it to lower your tax liability, save you time, therefore making it so you can spend more time doing the things you enjoy maybe even spending time with your family.

By implementing AI technology in tax/financial planning several benefits are enjoyed, including:

This episode will help you to understand the benefits and potentially how to implement AI in lowering taxes and increasing wealth all at the same time.

In this episode of Tax Tuesday, Kenner and Lili go over a very brief and SMART idea to tax mitigation. Listen up to see what it is. It is something ALL and EVERY entrepreneur should live by. Wait, in fact, all tax payers to a certain extent should abide by the suggestions that Kenner and Lili cite.

Though so many people are seemingly "sitting on the sidelines," right now is the time to be actively investing in real estate. Do not be one of the those people who buys at the top of the market because of a craze buy when things are at the bottom and people are fleeing. Be a contrarian. You will be glad you did.

Plus, in the this episode we go over some of the future episodes where awesome guests appear for example: JCron (Jonathon Cronstead) of Kajabi fame, David Sanghera, JD Gibson, Stephen Hilgart and, of course, Rob Flick of real estate team fame.

What a first guest we have on our special guest Thursday!! None other than Stephen Hilgart joins us to talk about his view on how to grow a business of any kind into the next Google. Man, his ideas are mind blowing.

Stephen advises and consults with Fortune 500 companies, executives, managers and sales professionals in the areas of Peak Performance, leadership, organizational behavior, psychology of achievement, and sales. Stephen has personally taught and used Tony Robbins’ strategies and techniques to start, build, and sell 3 successful businesses and created a unique “rags to riches” story that has inspired thousands.

Stephen is an expert at using Tony Robbins peak performance strategies to get results for the most successful and influential leaders, entrepreneurs, and business people around the world. His greatest passion in life is to see people succeed at a level they never thought possible and to help them unleash their full human potential!

In this episode he goes over what it was like to live in his car all the way to now being known as a true business guru. People from Bainbridge Island, WA to Palm Beach, FL will learn from this episode. What an incredible story.

Your host, R. Kenner French, wrote an article years ago titled that well before the big AI wave. Little did he or society know that AI is basically essential to success in today's marketplace. In this episode we briefly go over the importance of using AI to keep ahead, grow, and hopefully truly prosper.