In this short video, Worldwide Ty outlines a tax strategy for entrepreneurs: allocate a portion of personal income—illustrated as 40% of a $100,000 annual income—to start two side businesses. The investments in these businesses generate deductible expenses, effectively reducing taxable income from $100,000 to $60,000. Ty emphasizes that the approach isn’t about evading taxes but about using money throughout the year to create additional income that can cover the tax liability.
Tax strategy basically says this, if I make $100,000 a year, right? And I start two businesses on the side, your tax strategy would be, if you're not trying to buy anything, take 40% of that $100,000, invest it into these two businesses. These two businesses are gonna go out and do whatever that these two businesses are gonna be like designed to do. And it's a tax write-off for whatever they do. Then it's a tax write-off for you investing into the business dollar for dollar. So now you're only paying taxes on $60,000 versus $100,000, right? It's not about avoiding taxes. It's about using the money throughout the year to create money so you can afford to pay the tax difference.
