#TaxPlanning #FinancialLiteracy #WealthBuilding #MoneyMatters #SmartFinance

6️⃣ Don’t make every business decision about taxes — I see people spend $1 to “save” 30¢ all the time.
7️⃣ Most people don’t itemize, so charity and mortgage interest don’t even reduce their tax bill.

Tax planning ≠ just saving money this year — it’s about building long-term wealth.

3️⃣ Investment gains are taxed by time held (short-term = income rates, long-term = lower).
4️⃣ Deductions lower taxable income, not your bill dollar-for-dollar like credits do.
5️⃣ Lowering your taxes today can actually mean paying more later.

Most people don’t actually understand how taxes work — and it costs them.

Here are the basics everyone should know:

1️⃣ Taxes are marginal — your entire income isn’t taxed at one rate.
2️⃣ Taxes are progressive — as you earn more, your rate increases.

Tax credits ≠ tax deductions.
💵 Credit: cuts your tax bill dollar-for-dollar.
🧾 Deduction: lowers taxable income.
A $2K deduction at 30% only saves $600.
Most “write-offs” are deductions, not credits — know the difference. #taxtips #personalfinance #creatives #wealthbuilding

Even a 0% mortgage wouldn’t make homes affordable in cities like NYC or LA.
Taxes, insurance & maintenance alone eat up 10%+ of income on a $1M home.
Rates aren’t the problem — prices and supply are. 🏡

#housingmarket #realestate #economy #affordabilitycrisis #personalfinance

2025 money limits are here 👇
401(k): $23.5k (+$7.5k catch-up)
IRA: $7k ($8k if 50+)
Roth phaseout: $150k single / $236k married
HSA: $4.3k single / $8.55k family
Gift limit: $19k
SEP IRA: $70k
Knowing these = keeping more of your money 💰
#personalfinance #financialliteracy

Housing builds stability. Stocks build wealth. Since 1970, the S&P 500 has outperformed home prices by a wide margin. You need both — but don’t confuse owning a home with investing.
#financialliteracy

#FinanceTips #WealthSecrets #Entrepreneur

I work with the successful young ppl. Here are the 3 truths they actually used to get rich:
1. Forget budgeting. Maximize your income stream.
2. Concentration > Diversification. Wealth is built on focused bets.
3. Simplicity wins. Be your own CFO.
Stop listening to bad advice. Focus on leverage.

Managing your own finances isn’t the problem — missing key strategies is. Most DIY investors skip things like Roth conversions, tax-loss harvesting, or HSA investing — moves that can quietly add six figures to your net worth. 💰 #finance #investing #moneymatters

Starting a new job? Don’t skip the financial setup.

Quick checklist 👇

✅ Review benefits: right health plan, disability, max HSA/FSA, join ESPP, contribute to 401(k) match.
✅ Roll over old 401(k) + HSA.
✅ Adjust budget + savings.
✅ Update W-4.
✅ Plan taxes if you get bonuses or stock.

Make too much to contribute to a Roth IRA?

There’s a workaround: the backdoor Roth.

1️⃣ Contribute to a Traditional IRA (no income limits)
2️⃣ Convert it to a Roth IRA
3️⃣ Pay taxes on the conversion if needed

Tax-free growth unlocked. 🔑