The REAL Reason You're Not Building Wealth Like The Rich

The tax code is filled with opportunities to legally lower your tax bill—if you know where to look. Whether you’re a real estate investor, business owner, or high-net-worth individual, the right strategies can help you keep more of your hard-earned money.

 

In this episode of The Wealth Planning Podcast, tax attorney and asset protection specialist Anthony Brister breaks down the five biggest tax mistakes that could be costing you thousands. Plus, he shares one powerful strategy that high-income earners use to reduce their tax burden significantly.

 

If you’re serious about building wealth and protecting your assets, this episode is a must-listen. Grab a notebook and take action on these proven tax-saving strategies!

 

Timestamps & Key Takeaways📌:

0:00 - Welcome to The Wealth Planning Podcast! – Helping you navigate tax laws to build and protect your wealth.

0:18 - The Costly Tax Mistakes Business Owners & Investors Make – And how to avoid them before it’s too late.

1:45 - Mistake #1: Not Having the Right Entity Structure – Why your business setup could be costing you more in taxes.

3:02 - Missed Deductions & Credits – Many taxpayers overpay simply because they don’t claim what’s available to them.

4:37 - Improper Bookkeeping & Record-Keeping – The IRS loves clean records, and bad bookkeeping can lead to audits.

6:10 - Underutilizing Retirement Accounts – How maxing out contributions can save you thousands in taxes.

7:22 - Real Estate Tax Mistakes – Depreciation, 1031 exchanges, and other key strategies investors should know.

8:40 - The Game-Changer Strategy: Tax Planning Year-Round – Why wealthy individuals never wait until tax season to take action.

 

💡 Don’t overpay the IRS! Book a 1:1 tax strategy session at BristerTaxLaw.com and subscribe for expert tax-saving insights.

🔗 Share this with someone who needs to keep more of their wealth! #TaxPlanning #WealthBuilding #AssetProtection #SmallBusiness #RealEstateInvesting #BristerLaw #FinancialFreedom #TaxTips