Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Stop Losing Money to Bad Planning!

7 Mar 2025 · 1 min

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Brief talk emphasizing that taxes consume a significant portion of wealth and that individuals/businesses should engage value-added tax professionals (tax preparers, strategists, advisors) to reduce that expense and to focus on value creation by assessing how money is used and identifying gaps in the business.

Chapters

There's people where there's tax compilers and potentially tax strategists and tax advisory and tax planning and estate planning. So if you kind of think about it very logically, where is all of your money going? A significant portion of that is going to taxes. So wouldn't it make sense for you to have a really value added professional on the side that helps you with that big expense? And then the dimension now that I'm adding is also the value creation component. How are you best using your money? Are you getting your rate of return on the money that you're putting into it? This is why you need to identify the gaps in your business.