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

This TAX LOOPHOLE can be used 14 times a YEAR, EVERY YEAR

14 Oct 2024 · 1 min

Watch on YouTube

0:46

YouTube video (Richard Canfield) explaining a tax loophole that business owners can use repeatedly — specifically up to 14 times per year — and arguing the compounding, long-term value of applying it throughout a career (examples given for 10- and 30-year horizons). The message targets business owners considering proactive tax strategies to save substantial money over time.

Questions this video answers

14 times per year.

140 potential events (14 × 10).

Approximately 420–500 potential events; the speaker said "you're approaching almost 500 events" for a 30-year horizon.

Chapters

I think the thing that we need to think about as business owners is, you know, what's the compounding result of this? You know, if I'm bothered that I'm paying too much taxes, am I going to continue just being bothered like we talked about with these other things and just like, oh, I'm both like not going to do anything about it or you could do something about it. And this is one of the things that you actually can do. And if you start today, the future value of the money that you can save in the lifetime of your career is massive. Because this isn't just a one time event. Well, it's 14 a year and it's annual every, it's 14 times every single year going forward. So if you're going to be in business another decade, that's 140 potential tax savings events you can have. You're going to be in business another 30 years. You know, you're, you're approaching almost 500 events. You can have to save taxes between now and then and that adds up massively.