This content was created by MARK KOHLER. This content was uploaded by MARK KOHLER. This is a YouTube video titled "How to Make Millions with a Small Business or Side Gig and Save Taxes" (posted June 23, 2021) featuring MARK KOHLER delivering a solo, informal/motivational talk on post‑COVID wealth building. Kohler advocates having a side hustle combined with a W‑2 day job, describes his "trifecta" structure — a revocable living trust for privacy/estate planning, an operations layer (day job + small business via LLC/S‑Corp) and a holdings/asset layer (pre‑tax investments, real estate, rentals) — and outlines tax and retirement strategies (401(k)s, Roth IRAs, HSAs), write‑offs, and practical small‑business guidance. He references clients and his daughter as examples. Content type: YOUTUBE; speaker: MARK KOHLER; topic: small business, tax planning, asset structuring, and wealth building.
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All right, well, here's my take on post Covid wealth building. It is now estimated over 40% of working Americans have a side hustle. It was under 30% right before COVID hit. And more Americans, millions of Americans, realized I gotta have my side gig crankin because I can't depend on my employer. And what the freak, if some massive pandemic, heaven forbid, hits the world stage, how am I going to pay my bills? So my number one admonition to all of you watching today is saving taxes, building wealth is have a side hustle. Have a side gig. Which is the gateway drug to having your own business pay all the bills. But if you're married, it's a great gig because you can have your spouse doing the day job, the benefit thing, and you're running the small business together. You're doing something you love, you hope, and if you're not, don't do it. That's the beauty of having your own small business. You get to choose what the freak you want to do. So I want to talk about that structure. So what I call it, my claim to fame, whatever is, I call it the trifecta. And this is how I help my clients that are making millions. The clients that are just brand new starting. My daughter who's a realtor out in Orange County, California, little shout out to Sydney. I love her. She's my little small business owner. She has her own little L.L.C. s Corp thing. She's got a side gig. That's her thing. She's learning how to be a realtor. She'll wait tables, she'll do some marketing. She'll do other things to make ends meet because she's young and this is her college experience. She. She's hating that I'm talking about her. And so guys, she's unavailable right now, so stay away. But here's how the trifecta works for her and for my $10 million clients. Whatever. Everyone in between. What I do. Can we see this? Everybody? Corey, this is good, right? Okay. What we do is we take our revocable living trust. This is our trust foundation. This trust is not about saving taxes and it's not about asset protection. It's about privacy. It's about hiding. It's about having a little more privacy in our life. With this Internet world in this trust kicks into effect, if anything happens to you, it's going to have your will. It'll have your powers of attorney, pull the plug if I'm a vegetable, blah, blah, blah. This is your estate plan. That's the Foundation. You gotta have a foundation. What the freak? If something happens to you, where's all your money gonna go? All this small business stuff you're building. Then I divide your life in half and I want to put your operations over here, your ops. Got a rock star going today. Little sponsorship there for my people that I love. Rockstar. Rockstar recovery. Zero sugar, 10 calories. Is that what I'm supposed to say? They never told me what to say. I just like rock stars. All right, I want to be your tax lawyer rock star. Okay, so over here is your ops. Now here's the combo. This is what I've learned, even more so after Covid, but I've been teaching this for years and I love it, is I want to take your day job, W2 and combine it with the small business. This is the combo. This is what I want to have in all of my clients lives. This could be an llc, it could be an S corp, I don't know, it could just be you. You could be married, partner, who knows all sorts of variations. But this is your small business that's generating revenue in combination with your day job that's generating revenue. This gives you job security, it gives you wealth security. So many people say it's too risky to have a small business. I say it's too risky not to have a small business. So here's your combination. I want you to be building wealth with the day job and the small business. If your small business gets so successful that it's costing you to go to work, you get rid of it. If your small business is there for earning extra money and happiness and enjoyment and it works with your day job, then cool. Don't get rid of the day job. Let's do it all. Let's just be careful. Do I want this? I want this down here. So we want to keep the day job if it works in our master plan. Because here's what's cool. This is our operation side, the ops. But this is our asset side and this is where we really build the wealth. And so what I want is the day job, maybe funding a 401k and your small business funding a 401k. You can have two 401ks, you could have a Roth IRA RA over here, you could have an HSA. You could be building tax free or after tax money, investing in crypto stocks, ETFs, real estate, whatever. You freaking know best. This is your kind of after tax or pre tax money here where you're like doing different strategies, but you can fund it with the day job and your small business. See again we're hedging against a crisis. This is what Covid taught us. Crisis has come, shiz happens. We need to have something to fall back on. That's the small business, this is the day job. Let's use both of them. Okay then over here we build pre tax real estate investments, land, second homes, farms, real estate. We whatever you freaking love, but you want to use it personally. See over here, these types of assets you can't play with. I can buy an Airbnb inside my ira but I can't go stay there. But over here I might put an Airbnb the cash flows and I can go stay in it, I can fix on it, I can do travel write offs, all sorts of cool frickin strategies. So over here we might have LLCs. And check out, here's the trifecta. Boom. Boom. You've got your operations, you've got your holdings and it all flows down into your privacy types trust where we bring everything together. This is your 1040. Now simply what happens a lot of times is this is what it looks like is this is my kind of a little face there, okay? This is my realtor. This is their rental, this is their trust. Boom. This is their S corp. This is their llc. This is my dentist. And this is my crypto. And this is my trust. This is the restaurant, this is the building, this is the contractor, this is the duplex. This is. See this is where we're building up all of our wealth. And we're building the wealth, living conservatively, paying off our debt, staying out of debt. And we're getting every freaking write off we can, paying the kids, travel, dining, home, office, computers, laptops. This is rock star 100% write off, baby. Okay, I want my headphones. Bose, write off. A speaker. Write off. My glasses, write off through an hsa. My laptop write off. I mean, do you see what I'm saying? This is going to be my Tesla. This is 164 ratio. This is someday I'll have my Tesla truck. All right, there's my motivational speech everybody. I love small business. I love the American dream. Is it hard? Yes, it's freaking hard people. We're going to work hard. It's not a get rich quick scheme, but you control your destiny and that's what small business is about.
