The WealthAbility Show with Tom Wheelwright, CPA: Recent Episodes
Tom Wheelwright, CPA
Permanently reduce your taxes. Build massive wealth. Achieve your financial dream. And do it all faster than you EVER thought possible. Join Tom Wheelwright , CPA and learn the revolutionary wealth and tax strategies that are changing the lives of entrepreneurs and investors around the world.
Join Tom Wheelwright as he discovers how tax policy influences your life, how it harms – and sometimes helps – the economy, and what changes are in store in this year’s election with his guest, Scott Hodge.
Scott Hodge is President Emeritus & Senior Policy Advisor at the Tax Foundation, which he led as President for over two decades, between 2000 and 2022. Scott Hodge is recognized as one of Washington’s leading experts on tax policy, the federal budget, and government spending.
In this episode, learn how class warfare has a huge impact of the future of the tax code, predictions for 2025 / 2026, and the advice Scott has for the small business community.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com
Join Tom Wheelwright as he discovers how entrepreneurs can incorporate and leverage human skills in the age of AI with his guest, Matt Beane.
Matt is an assistant professor in the Technology Management department at the University of California, Santa Barbara, and a Digital Fellow with Stanford’s Digital Economy Lab and MIT’s Initiative on the Digital Economy. He does field research on work involving robots and AI to uncover systematic positive exceptions that we can use across the broader world of work. His award-winning research has been published in top management journals such as Administrative Science Quarterly and Harvard Business Review, and he has spoken on the TED stage.
In this episode, learn how to relook at your business model, retrain or repurpose your employees, and "How to Save Human Ability in an Age of Intelligent Machines."
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com
Join Tom Wheelwright as he discovers how business owners can acquire the best clients, be the best for their clients, and keep them for life with researcher, consultant, serial entrepreneur, and author, Richard Weylman.
For nearly three decades he has shown business owners and professionals around the world the path to proven business growth and success. He uses his unique ability to see things from the client’s or customer’s perspective and interpret their needs to then create the prescriptive strategies and tactics needed to elevate business performance in today’s marketplace. As a researcher, author, consultant, and serial entrepreneur, he helps to deliver personalized and dynamic presentations that achieve real outcomes and measurable results.
In this episode, learn the path to permanent success and how to build an authentic, caring, and strong relationship with your clients.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com
Join Tom Wheelwright as he discovers the current state of our retirement crisis with economist expert and author, Teresa Ghilarducci.
As a labor economist, Teresa Ghilarducci has spent her career working to ensure retirement security for all American workers. At The New School for Social Research, she directs the Schwartz Center for Economic Policy Analysis (SCEPA), which focuses on economic policy research and outreach. Ghilarducci frequently testifies before the U.S. Congress and serves as a media source to popular and online news outlets about pensions, labor economics, and older workers. Ghilarducci frequently publishes in economics journals and edited volumes and has authored several books.
In this episode, learn about Teresa's Gray New Deal, how to prepare for our retirement, and what entreprenuers can do to improve the lives of their employees.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com
Resources
Tom’s Book: Tax-Free Wealth https://taxfreewealthbook.com
Visit WealthAbility® https://wealthability.com/
Sign up for Tom’s Free Weekly Report https://wealthability.com/getreport/
Schedule A Call With My Team https://wealthability.com/schedulecall/
Social Media
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Looking for more on Teresa Ghilarducci?
Website: https://teresaghilarducci.org/
Books: "Work, Retire, Repeat" ; "Rescuing Retirement" ; "How to Retire With Enough Money and How to Know What Enough Is"
Facebook: https://www.facebook.com/SCEPA
X / Twitter: https://x.com/tghilarducci
Blog: https://teresaghilarducci.org/blog
Email: ghilardt@newschool.edu
DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
Join Tom Wheelwright as he discovers how to master the art of influencing others and never lose at the negotiation table with guests and authors of "Convince Me: High-Takes Negotiation Tactics to Get Results in Any Business Situation" - Chip Massey and Adele Gambardella.
Former FBI Special Agent Chip Massey has led high-profile criminal cases, investigated the September 11th terrorist attacks, tracked down spies with the CIA, and spearheaded the New York FBI Office’s Crisis Negotiations Teams–in all five boroughs. Today, Chip Massey applies the high-stakes negotiation skills he refined during his 20 + years in federal law enforcement to the business world. As co-founder of The Convincing Company, Chip teaches executives and their teams how to use the bureau’s sophisticated communication and negotiation techniques in professional situations of all kinds.
Honored by the Washington Business Journal as “a woman who means business,” Adele Gambardella owned and managed a Top 20 PR firm in Washington DC for 15 years. In that role, she served as spokesperson for a variety of Fortune 100 companies, ranging from DuPont to Lockheed Martin, to Verizon. As a publicist, Adele landed her clients interviews on Good Morning America, The Today Show and The New York Times. She has served as a PR strategist, corporate counsel, and crisis management consultant for such clients as Facebook, Johnson & Johnson, Samsung, Verizon, and President Joe Biden. Today, as co-founder of The Convincing Company, Adele speaks, consults, and advises companies and associations. Her presentations to the United Nations have been broadcast worldwide.
In this episode, learn how to analyze conversation, how to neurologically sync with others, and how to convince in the long-term.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
How do you maintain and innovate your business in today’s modern world? Are you staying hyper-focused in your objectives to reach your goals? Learn more about your ad choices. Visit megaphone.fm/adchoices
It may not be surprising news that the tax law is complicated. Within the nuance, there is a battle between regulators and scammers, and the scammers are evolving fast. Are you doing what it takes to stay ahead of them? In this episode, Dr. Kelly Richmond Pope joins Tom to discuss how small business owners and investors can protect themselves against increasingly sophisticated financial fraud. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nature is a conglomerate of complex patterns. These patterns are understood to cause a cadence of turmoil on the macro scale. In this episode, Neil Howe joins Tom to discuss how our current global upheaval is a natural cycle of history, and who will emerge to lead us out of this crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices
Love it or hate it, our government continues to encourage oil and gas investments. Have you wondered what types of benefits are available for these investments? Why does our government continue to incentivize this sector? Learn more about your ad choices. Visit megaphone.fm/adchoices
Have you found yourself even just a little nervous about the economy? Are you prepared to pay the price for investors who can’t? Biden has increased the budget for the IRS and has plans that may push investors and businesses out of the U.S. entirely. Learn more about your ad choices. Visit megaphone.fm/adchoices
What if you could get the government to buy you a Ferrari? How do you build a plan that leverages incentives from the government? Learn more about your ad choices. Visit megaphone.fm/adchoices
Have you ever received a complaint from a client? Were you able to turn a client’s negative experience into something positive for growth? In this episode, Janelle Barlow joins Tom to discuss how we build systems that can grow from complaints to ensure that clients receive the ultimate service experience. Learn more about your ad choices. Visit megaphone.fm/adchoices
How are we supposed to maintain an online presence in all these different places? Have you or your team been utilizing time creating content in the most efficient way possible? In this extended episode, Evan Carmichael joins Tom to discuss the differences between platforms, and what we can do to maximize our bandwidth when it comes to marketing and online presence. Learn more about your ad choices. Visit megaphone.fm/adchoices
What brings you to the polls? This election cycle, one of the dominant topics of discussion has been taxes. Taxes can make or break our quality of life at every level of government. In this episode, Grover Norquist joins Tom to help us discover how taxes are the most important issue in our elections, and how financial education is vital in determining the vote. Learn more about your ad choices. Visit megaphone.fm/adchoices
The current business climate demands a radical evolution of traditional business practice. What bold moves can we make to help ourselves emerge successful? In this episode, Frank O’Connell joins Tom to discuss what steps we can take to begin looking at our place in the future.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Many successful people claim they sleep less to achieve more. Is this really something we should be striving for? Healthy amounts of sleep can be attributed to success in almost every area of your life, especially your wealth. In this episode, Dr. Michael Breus joins Tom to discuss how we can build sleep habits that maximize productivity without sacrificing our health. Learn more about your ad choices. Visit megaphone.fm/adchoices
Biden is giving the IRS an additional $80 billion in his budget. They claim that services will be improved, but how much weight does that really carry? Are you more likely to get audited now? In this episode, Brian Riedl joins Tom to discuss how the midterm elections will secure or scuttle Joe Biden’s fiscal agenda, and what it means for your taxes. Learn more about your ad choices. Visit megaphone.fm/adchoices
“Do you know your numbers?” What numbers are people referring to when they ask you that question? Establishing meaningful metrics to measure the progress of your business can add significant value to your business, and even encourage employees to strive for success. In this episode, Lee Benson joins Tom to discuss how we can find our metrics and create a system around them. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are you taking advantage of the opportunities laid in front of you? Are you keeping up with the people that will truly propel your future? In this episode, Eric Barker joins Tom to discuss which relationships are worth keeping, and what opportunities they may hold. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are you taking advantage of the opportunities laid in front of you? Are you keeping up with the people that will truly propel your future? In this episode, Eric Barker joins Tom to discuss which relationships are worth keeping, and what opportunities they may hold. Learn more about your ad choices. Visit megaphone.fm/adchoices
If someone asked about the culture at your workplace, how would you describe it? Is it a result of intentional design or did it evolve from a void of direction? In this episode, Melissa Daimler joins Tom to discuss what you can do to promote a positive culture in your business that transcends to all employees, even remote workers. Learn more about your ad choices. Visit megaphone.fm/adchoices
The government’s war on small businesses is relentless. With the odds stacked against us, what have you done to make your brand grow, customers loyal and employees stand tall? In this episode, Michael Arrieta joins Tom to discuss how one entrepreneur has created a plan to grow and maintain America’s small businesses. Learn more about your ad choices. Visit megaphone.fm/adchoices
Have you embraced the powers of technology? If not, why? A massive increase to business performance is available, affordable, and right at your fingertips. In this episode, Steve Prentice joins Tom to discuss how we can better embrace the technology on our doorstep and conquer the fear of change. Learn more about your ad choices. Visit megaphone.fm/adchoices
Why don’t the rich pay taxes? Are they cheating the system or have they found some secret loophole? They're actually doing exactly what the government wants them to do. The great news is that Tom’s new book explains how you can take advantage of these incentives and feel good about it, too. In this episode, Tom explains why the rich don’t pay taxes and why we’re all better off because of it. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are millennials driving you crazy? Is it possible they are taking blame for a much larger shift in attitude by society as a whole? In this episode, Ryan Husk and Karen Manahan join Tom to discuss why millennials act the way they do, and why they probably won’t stop. Learn more about your ad choices. Visit megaphone.fm/adchoices
Is it too late to invest? How high will lending rates go? How will inflation – and possible recession – impact real estate? In this episode, Jason Hartman joins Tom to discuss how you can use real estate investing to reduce risk in the current inflationary markets. Learn more about your ad choices. Visit megaphone.fm/adchoices
Decisions we used to make based on our ‘gut feeling’ have been shaped by a new approach: data analysis. In some cases, we have aggregated tons of data where there was never any before. In this episode, Seth Stephens-Davidowitz joins Tom to discuss how to obtain data that can help you make the best decisions in your business and personal life. Learn more about your ad choices. Visit megaphone.fm/adchoices
We are an increasingly divided nation. In this episode, Mark Bauerlein joins Tom to help us discover how parents, bosses, teachers and mentors created a “woke” generation, and what the future of business looks like now that this generation has come of age. Learn more about your ad choices. Visit megaphone.fm/adchoices
Do you have creative ideas ready for implementation? Discover how to make your good idea great, and your great idea scale. In this episode, renowned economist John List joins Tom to discuss a process you can use to determine if your idea or business is scalable. Learn more about your ad choices. Visit megaphone.fm/adchoices
Is the economy is headed towards a repeat of the 2008 crash? In this episode, David Greene joins Tom to discuss how an “aggressive defense” financial strategy is the best option during these uncertain times. Learn more about your ad choices. Visit megaphone.fm/adchoices
A proper business model is essential to the success of the business and the growth of your wealth. It’s often the main factor when valuing a business for investors, operators, and buyers. In this episode, Chris Volk joins Tom to discuss what drives business wealth, and how entrepreneurs, investors, and business owners can tap into this wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices
Wealth and its creators are under attack in the U.S. In this episode, Derek Bullen joins Tom to discuss why a pejorative social hunt against wealthy Americans helps no one. Instead of penalizing the rich, America needs more wealth creators. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inflation can take a serious toll on any portfolio, no matter how much risk management you accounted for. In this episode, Kevin Simpson joins Tom to help you discover how to prepare your stock portfolio for higher taxes, higher inflation, and higher interest rates. Learn more about your ad choices. Visit megaphone.fm/adchoices
Capitalism is about making a profit. Big businesses don’t believe profit is enough and are embracing “woke capitalism.” In this episode, Stephen Soukup joins Tom to help us discover how big business became openly political and how this politicization impacts capitalism. Learn more about your ad choices. Visit megaphone.fm/adchoices
China and The U.S. are battling for global supremacy. In this episode, James Fok joins Tom to discuss how this battle is a financial cold war, with the U.S. dollar, taxes, and technology on its front lines. Learn more about your ad choices. Visit megaphone.fm/adchoices
Triple Net Leases are one of the most attractive vehicles for investors. In this episode, Matt Onofrio joins Tom to help us discover the advantages, risks, and rewards of triple net leases. Learn more about your ad choices. Visit megaphone.fm/adchoices
Omicron is causing massive disruption to the economy. New variants mean new rules in the workplace for owners, employees, and clients. In this episode a top labor lawyer, Bob Robenalt, joins Tom to discuss how the new variant has shifted federal guidance away from science and onto the economy, and what businesses can do to keep the doors open. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover the ingredients required to transform a good business into a great business. In this episode, Jay Steinfeld, founder of Blinds.com, joins Tom to discuss how he applied new technology and core values to build the world’s leading online blinds business. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inflation is at a 40-year high. Something is causing it and something should be done about it. In this episode, Dr. Sabrin joins Tom to help us discover how to navigate an inflated economy that appears to be surging well into 2022. Learn more about your ad choices. Visit megaphone.fm/adchoices
As a leader, it’s important to understand how “noise” leads to poor business decisions because leaders are judged on their ability to make hard decisions. In this episode, Olivier Sibony joins Tom to discuss his research into decreasing noise and bias, and how they can impact your ability to make good or bad decisions. Learn more about your ad choices. Visit megaphone.fm/adchoices
You better hold on, because Artificial Intelligence is about to take off, and social disruption is sure to follow. In this episode, Martin Ford joins Tom to help us discover how AI will impact you, your business, and how you can position yourself to benefit from its increasingly large role in day-to-day life. Learn more about your ad choices. Visit megaphone.fm/adchoices
Taxes are the lever policymakers believe will create equality, but have instead become a heap of mismanagement. Discover how the American Dream has been distorted by a lack of education and manipulation. In this episode, Dr. James Otteson joins Tom to discuss the morality of business and wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices
A large majority of Americans believe their country is in decline. What happens to a country if its young people reject it? Joining Tom is Jeremy Adams, someone on the front lines of education, to discuss how this decline may deepen as an entire generation has exchanged tradition for a digital existence. Learn more about your ad choices. Visit megaphone.fm/adchoices
Passive real estate investing is a popular way for high-income earners to gain financial freedom and multi-family real estate prices are skyrocketing. In this episode, David Steele joins Tom to help us discover how the pandemic is impacting real-estate investing, and if the market is over-heated or just beginning to rise. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, Patrick Hedger, VP of Taxpayers Protection Alliance, & Jim Amundson, CEO of The Independent Community Bankers of Minnesota, join Tom to discuss how the IRS seeks access to American’s bank accounts. Discover how this proposal is another attack on small business and may violate the constitution. Learn more about your ad choices. Visit megaphone.fm/adchoices
The pandemic triggered governments to order rent relief for millions of Americans. In this episode, Ethan Blevins joins Tom to discuss how rent relief impacts landlords, and what landlords can do to protect themselves. Learn more about your ad choices. Visit megaphone.fm/adchoices
Socialism is gaining in popularity in the U.S. In this episode, Dr. Yuri Felshtinsky joins Tom to help us discover the realities of socialism from someone who has lived both in the Soviet Union and the U.S. Learn more about your ad choices. Visit megaphone.fm/adchoices
Most of you are busy professionals, working long hours to create wealth. Joining Tom today is Steve Rozenberg, to help us discover how part-time investing can reap massive benefits for you: it can generate income, provide freedom, and reduce taxes. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tom continues his series on the war on small businesses. Carol Roth joins Tom to discuss her research into government policies that date back 40 years and consistently undermine small business. Tom & Carol also offer strategies that small business owners can use to fight back against these punitive policies. Learn more about your ad choices. Visit megaphone.fm/adchoices
Biden’s tax plans are unsustainable, bad for small business and will raise taxes on the middle class. Today, Brian Riedl joins Tom to discuss how Biden's tax burden will fall primarily on the middle class, and what we can do about it. Learn more about your ad choices. Visit megaphone.fm/adchoices
Joe Biden says his tax proposal to support a $6 trillion budget is aimed at corporations and high earners. In this episode of the WealthAbility Show, Tom Wheelwright and Kyle Pomerleau discuss what is really in Biden’s plan, and here’s a hint: the corporations and high earners aren’t the only ones getting hit by the tax man. Learn more about your ad choices. Visit megaphone.fm/adchoices
Health care is one of the leading causes of financial stress. In this week’s WealthAbility Show, Marshall Allen helps Tom discover how to proactively form a plan to successfully navigate the health care system. Learn more about your ad choices. Visit megaphone.fm/adchoices
The U.S. government is proposing policies that threaten small businesses and investors. Karen Kerrigan joins Tom to discuss how business owners and investors can protect themselves from punitive economic policies. Learn more about your ad choices. Visit megaphone.fm/adchoices
President Biden wants to double the IRS’s workforce in an attempt to crack down on tax cheats. Tax attorney, Scott Michel, joins Tom to discuss how business owners and investors can prepare for a new – and more aggressive – IRS. Learn more about your ad choices. Visit megaphone.fm/adchoices
Turbulence surrounds our society, impacting behavior in all sectors of life. In this episode, Katy Milman helps us discover how to command your behavior to meet your goals despite market volatility. Learn more about your ad choices. Visit megaphone.fm/adchoices
Joe Biden promises to raise taxes. Today, with the Vice President of Global Projects at the Tax Foundation, Daniel Bunn, you will discover how a proposed global tax on corporations would impact economic growth. Learn more about your ad choices. Visit megaphone.fm/adchoices
Will the value of bitcoin continue to rise or will it come crashing down? Nik Bhatia joins Tom to discuss why many investors are attracted to the idea that crypto currency is “The People’s Money.” Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how to interpret and harness statistics in this era of misinformation. Economist and Author Tim Harford offers practical advice for anyone trying to determine good information from bad. Learn more about your ad choices. Visit megaphone.fm/adchoices
Another $1.9 trillion of government debt is in the pipeline. David Stockman, former White House Director of Management and Budget, joins Tom to discover how The American Rescue Plan impacts you, your business and your wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices
Find out how offices will be forever changed post pandemic. Chris Kane, author of 'Where is My Office?', joins Tom to discuss the future of the office space. From business owners, employees to landlords, how will this pivot affect your operations? Learn more about your ad choices. Visit megaphone.fm/adchoices
Franchise owners have been hit especially hard during the pandemic. What is the difference between the ones that went under and the ones that remain? World renowned franchise expert and author, Scott Greenberg, lends his insight on what exactly is going on here. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how the fast-changing policies in Washington, D.C. will impact your business and wealth. Todd Buchholz, the former director of economic policy under George H.W. Bush, joins Tom Wheelwright to discuss what you can do to navigate the new economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover what you can do today to ensure that you are safely and efficiently vaccinated. Elisabeth Rosenthal joins Tom to discuss the logistics necessary for the differing COVID vaccines, and why the economy will remain stunted until herd immunity is achieved. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover the long-term impact of the David vs. Goliath short squeeze that stunned Wall Street. Tom also offers valuable tax analysis for stock investors. Learn more about your ad choices. Visit megaphone.fm/adchoices
Taxes are spurring business owners and individuals to move at unprecedented rates. Joining us is Author and CEO, Ed Curtis, to help discover how local taxes are driving an American tax migration, and if it’s financially prudent for you to move. Learn more about your ad choices. Visit megaphone.fm/adchoices
Vaccines offer an end to the pandemic. Join Tom Wheelwright and our special guest, Jim Rickards, to discover what the economy will look like after COVID, and how you and your business can thrive post pandemic. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how financial education may solve income inequality. In this episode, Phil Schuman joins Tom Wheelwright to discuss his work bringing financial education to teenagers and young adults in college. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how good health is directly related to wealth. Radha Gopalan, M.D. joins Tom to discuss his work linking healthy behavior with wealthy behavior. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how your taxes may change next year. Andy Puzder joins Tom to discuss how recent and upcoming political elections will greatly impact taxes on your business, investments and personal wealth.
For transcript show notes and more visit https://wealthability.com/podcast71 Learn more about your ad choices. Visit megaphone.fm/adchoices
Year-end tax planning takes on added implications due to the elections and COVID. Discover what options are available to safeguard your wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how high-income earners can gain freedom through passive income. Tom Burns, M.D. joins Tom to discuss his transformation from a high-income surgeon to an investor who practices medicine. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how Bitcoin may be an emerging safe haven for protecting your wealth. Pierre Rochard joins Tom to discuss Bitcoin’s maturation and evolution as a protector of money. Learn more about your ad choices. Visit megaphone.fm/adchoices
Busy professionals work for their money. But what happens when you stop working or are unable to work? Discover how high-income earners can build wealth away from their day jobs. Learn more about your ad choices. Visit megaphone.fm/adchoices
The N.Y. Times reports that Donald Trump recently paid $750 in federal taxes. Discover how it’s possible for anyone to follow the tax code, make significant income and legally pay little or no taxes. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how cities plan to pay for the COVID crisis. Tom speaks with a city councilman from Phoenix who shares how local governments have been and likely will continue to tap public funds to pay for COVID. Small businesses and investors will be particularly burdened by government actions.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast65 Learn more about your ad choices. Visit megaphone.fm/adchoices
Governments around the world have printed massive amounts of money in response to the COVID crisis and the effects will be felt for years to come. David Stockman joins Tom to discuss the impact of these policies on small business and personal wealth.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast64 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover why wealth inequality is a bigger problem than income inequality. Annamaria Lusardi joins Tom to discuss why income and wealth inequality is growing and why it’s a problem for the poor, middle class and wealthy. Lusardi offers solutions to address the issue.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast63 Learn more about your ad choices. Visit megaphone.fm/adchoices
Joe Biden plans to substantially change the tax code if elected. Garrett Watson from the Tax Foundation joins Tom with analysis of Biden’s plan. This is a must-listen show for all business owners, estate planners and investors.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast62 Learn more about your ad choices. Visit megaphone.fm/adchoices
The bill for the COVID crisis will eventually come due. Many politicians believe the solution is to raise taxes on wealthy people. Morris Pearl joins Tom to discuss the risks and possible benefits of raising taxes on the rich.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast61 Learn more about your ad choices. Visit megaphone.fm/adchoices
The extended tax deadline is fast approaching. Discover how the COVID crisis has changed tax planning, and what you can do today to improve your economy.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast60 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how China impacts your personal economy. Whether it’s the supply chain or trade wars, your business and wealth is likely affected by China. Brian Miller, a China-based entrepreneur, joins Tom.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast59 Learn more about your ad choices. Visit megaphone.fm/adchoices
Opening your business during the COVID crisis presents new liability risks. John Balitis joins Tom to discuss how you can protect your business against liability claims.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast58 Learn more about your ad choices. Visit megaphone.fm/adchoices
Landlords are caught between tenants struggling to pay rent and lenders seeking debt payments. Ken McElroy joins Tom do discuss how landlords can successfully navigate this economic crisis.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast57 Learn more about your ad choices. Visit megaphone.fm/adchoices
Businesses are reopening after the COVID-19 lockdown. Discover how to reopen your business while protecting your employees, clients and vendors. Employment lawyer Bob Robenalt joins Tom.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast56 Learn more about your ad choices. Visit megaphone.fm/adchoices
COVID is creating new rules for negotiations. Discover how to negotiate with tenants, banks, landlords, the government & employees. Negotiating expert Peter Stark joins Tom.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast55 Learn more about your ad choices. Visit megaphone.fm/adchoices
Government aid must be spent properly to avoid penalties. Discover the right way to allocate government money that will keep your business running today and for many months to come. This is part 2 of Tom’s PPP series.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast54 Learn more about your ad choices. Visit megaphone.fm/adchoices
The U.S. is grappling with the right way to reopen its economy. Economist Richard Duncan joins Tom to discuss short-term and long-term strategies to navigate the unprecedented shutdown of the world’s largest economy.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast53 Learn more about your ad choices. Visit megaphone.fm/adchoices
You have control over many parts of your personal & business finances even in these uncertain times. Discover how you can take action today to make sure you’re financially sound during the coronavirus crisis.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast52 Learn more about your ad choices. Visit megaphone.fm/adchoices
Tax filings and payments have been extended due to the coronavirus crisis. Discover what this means for your business and investments, and what conversations you should have with your CPA.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast51 Learn more about your ad choices. Visit megaphone.fm/adchoices
The CARES Act is the largest relief bill in U.S. history. Discover what opportunities are available to you and the action you can take today to access the $2.2 trillion. Tom also explains the tax changes and opportunities in the bill.
EPISODE BONUS: For the show notes and more visit: https://wealthability.com/podcast50 Learn more about your ad choices. Visit megaphone.fm/adchoices
The coronavirus crisis has gripped the world in fear. Tom believes the real crisis is one of education and leadership. In this episode, Tom shares how he is navigating these unprecedented times and offers solutions for business owners and investors.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast49 Learn more about your ad choices. Visit megaphone.fm/adchoices
An increase in audits is coming. Tom explains how recent changes at the IRS are raising concerns in the middle of tax filing season. Discover what’s changed and the steps you can take today to protect yourself. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast48 Learn more about your ad choices. Visit megaphone.fm/adchoices
Blockchain is revolutionizing the way business is conducted. Discover what blockchain is and how it can be applied to investing, accounting and more. Stephen Williams joins Tom to explain this new technology in an approachable and practical way.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast47 Learn more about your ad choices. Visit megaphone.fm/adchoices
Money is the biggest source of conflict within a family. Discover how estate planning can eliminate conflict and ensure your legacy. Bill Clarke joins Tom to discuss living trusts.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast46 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how the IRS approaches audits and tax conflicts. Ex IRS lawyer Scott Estill joins Tom and offers tips on how to successfully deal with the IRS during a tax conflict.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast45 Learn more about your ad choices. Visit megaphone.fm/adchoices
The clock is ticking on year-end tax planning, and you could be leaving money on the table. Discover five ways to reduce your taxes before Dec. 31.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast44 Learn more about your ad choices. Visit megaphone.fm/adchoices
There are many paths to success. Determining the best path to match your skills requires education. Buck Joffrey joins Tom to discuss his journey to financial freedom and offers tips to anyone trying to determine their path.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast43 Learn more about your ad choices. Visit megaphone.fm/adchoices
The tax code recently changed forcing everyone to make tax-planning decisions with limited information. An agile approach to navigating the unknown reduces risk. Leo Tilman joins Tom to discuss the best ways to build agility in tax preparation, investing and business.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast42 Learn more about your ad choices. Visit megaphone.fm/adchoices
Everyone can legally save on taxes. So why do so many people cheat on their taxes? Donna Bobek Schmitt joins Tom to discuss her research into why clients and tax professionals act unethically and break the law. This episode also reveals options you have when confronted with unethical behavior.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast41 Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover how to take money out of your business, pay the least amount of taxes, and protect yourself from lawsuits.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast40 Learn more about your ad choices. Visit megaphone.fm/adchoices
Business is a team sport. Like any successful team, players need to constantly be evaluated. In this episode, Tom discusses how to continually evaluate your tax professional so that he or she is matched to your growth.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast39 Learn more about your ad choices. Visit megaphone.fm/adchoices
Dealing with the IRS oftentimes is stressful and frustrating. In this episode discover how to efficiently and successfully navigate your way through IRS notices and audits.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast38 Learn more about your ad choices. Visit megaphone.fm/adchoices
Apple, Google & Amazon use the tax code to sharply reduce taxes. These same laws apply to anyone, you just need the education. In this episode, Tom explains how businesses of any size, and even employees, can reduce taxes like the big guys.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast37 Learn more about your ad choices. Visit megaphone.fm/adchoices
Tax preparers are often times afraid of an audit. This can result in paying higher taxes. In this episode, Tom discusses how you and your tax preparer can overcome the fear of an audit and decrease your taxes.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast36 Learn more about your ad choices. Visit megaphone.fm/adchoices
The new tax code offers the possibility to pay less tax now and no taxes when you sell your business. Tom highlights specific provisions that allow business owners historic tax advantages. This is a must-listen show for any business owner and anyone aspiring to start a business.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast35 Learn more about your ad choices. Visit megaphone.fm/adchoices
Mobile homes may have a stigma, but to savvy investors they offer attractive cash flow and tax benefits. Kevin Bupp joins Tom to discuss the benefits of mobile home investing.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast34
Learn more about Kevin Bupp by visiting: https://sunrisecapitalinvestors.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Imagine overcoming fear of money, fear of relationships, fear of taxes. Mark Yuzuik joins Tom to discuss his work helping people overcome fear in all aspects of their lives. This is a program for anyone seeking more freedom in their day-to-day lives.
Learn more about Mark Yuzuik by visiting: http://successcombination.com Learn more about your ad choices. Visit megaphone.fm/adchoices
The interplay between income tax and estate planning offers an attractive financial opportunity. In this episode, Tom speaks with Andrew Howell about creating a better life for you today, and a better life for your family tomorrow.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast32
Contact special guest Andrew Howell by emailing Andrew here: teamandrew@yorkhowell.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Find out how stress impacts the human body & mind, and how it can impede your ability to make good financial decisions. Tom records this episode from Romania with John MacGregor & J.W. Wilson.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast31
Learn more about John MacGregor or J.W. Wilson visit: http://jmacgregor.retirementtime.com/rt/homepage.jsp https://www.linkedin.com/in/jw-wilson-a05431b/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The 1st returns under the new tax code have been filed, and many of you could have done better. In this episode Tom explains the common areas you and your CPA may have overlooked, costing you money. Tom also offers tips on how to avoid mistakes next year.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast30 Learn more about your ad choices. Visit megaphone.fm/adchoices
Captive insurance is one of the best tax incentives. In this episode Tom speaks with Chuck Spitzer about how business owners and investors receive significant advantages from captive insurance.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast29
Learn more about Chuck & captive insurance: http://www.captiveinsuranceusa.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Accurate data is your roadmap to success. And accurate data begins with good record keeping. Tom shares 5 tips you can use today to gain and maintain accurate data.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast28 Learn more about your ad choices. Visit megaphone.fm/adchoices
The rich invest differently than the middle class and poor. In this episode, Tom speaks with Patrick Donohoe about advanced techniques of investing in life insurance that offer opportunities to expand wealth and reduce taxes.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast27
Learn more about Patrick Donohoe at https://paradigmlife.net/about/patrick-donohoe/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Real estate can offer an investor five avenues to make money. Tom speaks with Keith Weinhold about maximizing the return on your real estate investments
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast26
Learn more about Keith Weinhold by visiting: https://www.getricheducation.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Successful tax planning doesn’t happen once a year. There are actions you can take every day to help reduce your taxes. In this episode, Tom offers strategies that can be used daily to plan, execute and reduce your taxes.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast25
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The new tax law presents challenges and opportunities for you and your CPA. In this episode, Tom reveals how CPAs are adjusting to the new tax law, and how it can benefit you to meet with your CPA before you file your tax return. This is am important episode for anyone trying to navigate the new tax law in the U.S.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast24 Learn more about your ad choices. Visit megaphone.fm/adchoices
Nothing strikes more fear in people than a government audit. In this episode Tom explains what triggers government audits, and what steps you can take to ensure that an audit is nothing to fear. Tom dissects how government CPAs approach audits, and how you can effectively deal with them.
EPISODE BONUS: For the transcript, show notes and more visit:
https://wealthability.com/podcast23 Learn more about your ad choices. Visit megaphone.fm/adchoices
Asset protection is a vital & basic part of any investment strategy. Tom speaks with Garrett Sutton about how to form your business or setup your investments in a way that avoids potential lawsuits.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast22
Learn more about Garrett Sutton by visiting https://www.corporatedirect.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Your CPA can’t save you a dime. You have to take action in order to make way more money & pay way less taxes. In this episode, Tom discusses how investors and business owners should best position themselves to utilize the skills of a CPA and other team members to build success.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast21 Learn more about your ad choices. Visit megaphone.fm/adchoices
Record keeping is the most important skill required to build wealth. In this episode Tom discusses how to keep records, and more importantly, how to use records to make good financial decisions.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast20 Learn more about your ad choices. Visit megaphone.fm/adchoices
Professional investors enjoy higher returns and better tax benefits than amateur investors. In this episode, Tom discusses how certain investors make more money and qualify for better tax benefits based on how they invest.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast19 Learn more about your ad choices. Visit megaphone.fm/adchoices
Gold is often seen as a hedge against inflation. In this episode, Tom also explains the tax opportunities gold investing may offer. Tom speaks with a precious metals broker who offers the risks and rewards of buying gold.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast18
Learn more about Dana Samuelson and The American Gold Exchange by visiting https://www.amergold.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Tom discusses the three important questions you must ask yourself to create the life and business you want. This episode includes details on an upcoming special CPA Event on building your brand and finding your strengths.
Sign Up For The Event: https://wealthability.com/event/
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast17 Learn more about your ad choices. Visit megaphone.fm/adchoices
Clayton Morris, former-Fox News anchor, joins Tom to discuss his transformation from TV star to successful real estate investor. Choosing to leave a lucrative, high-profile career was an easy decision, because Morris took control of his wealth by creating passive income that allowed him to ditch his paycheck.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast16
Learn more about Clayton Morris: http://www.claytonmorris.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
All investors are not created equally. Why do some people excel at real-estate investing while others gravitate to stocks? In this episode, David Kolbe joins Tom to discuss how savvy investors pre-determine their strengths and apply this knowledge to creating wealth.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast15
Learn more about David Kolbe by visiting: http://www.kolbe.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The new tax code offers many people the opportunity to cut income tax by 20%. In this episode, Tom offers a glimpse of how he works with clients to help them reduce taxes. Hear from a small-business owner about how tax planning helps him effectively run his business and reduce taxes.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast14
Learn more about Cliff Holt by visiting https://www.utahfamilypharmacy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Life insurance offers tax and investment benefits to all investors. Kim Butler joins Tom to discuss the different types of life insurance available and what opportunities each presents to investors.
Learn more about Kim Butler by visiting www.partners4prosperity.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Understanding the new tax code not only allows you to pay less taxes, it may also encourage you to make more money. In this episode, hear a real-life case study of how a real estate investor educated himself, paid less taxes and used the tax code to increase his income.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast12
Learn more about JP Newman by visiting http://www.thrivefp.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The most important person in your financial life, other than a spouse, is your tax advisor. Robert Kiyosaki, author of “Rich Dad Poor Dad,” joins Tom to discuss his hard-earned wisdom from working with bad and good tax advisors. Find out what questions to ask a tax professional so you can legally pay less taxes. EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast11 Learn more about Robert Kiyosaki and The Rich Dad Company by visiting https://richdad.com or his Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices
Hear the strategy anyone can use to begin successfully investing while paying less taxes. Ed McCaffery, a tax law professor at USC, joins Tom and together they discuss the strategy of “Buy, Borrow & Die.” Find out how you can apply this basic formula to build wealth and eliminate taxes.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast10
Learn more about Ed McCaffery and The Peoples Tax Page by visiting http://peoplestaxpage.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The new tax code offers new incentives. In this episode, Tom speaks with fellow Rich Dad Advisor Andy Tanner about how spending more time with his two boys is allowing him to pay less taxes.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast9
Learn more about Andy Tanner and investing, visit: http://andytanner.com/ or follow him on Facebook https://www.facebook.com/andytannerrichdadadvisor/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The new tax law offers opportunities to reduce taxes, but you must get educated. In this episode, Tom speaks with a real-estate investor who is currently implementing the new tax law and creating big tax savings.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast8
For more about Brad Sumrok and multifamily investing visit: https://bradsumrok.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Nobody knows more about your money than you. So why do so many people turn over their hard-earned money to strangers? In this episode Tom explains how you can become a successful investor, eliminate the Wall Street-myth of diversification, and pay less taxes.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast7 Learn more about your ad choices. Visit megaphone.fm/adchoices
You don’t need to wait until you’re 65 to retire and live your dream life. In this episode Tom discusses the financial education he uses to help people achieve their financial dreams in as little as 7 years. Find out if your plan for retirement is really what you want, and if it will allow you to live the life you want.
Visit the wealth evaluator here: https://wealthability.com/wealth-evaluator/
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast6 Learn more about your ad choices. Visit megaphone.fm/adchoices
Tom has prepared a special show for CPAs (that really applies to anyone who owns a business). Find out how to better serve your clients and grow your business. Tom shares hard-earned wisdom from over 35-years running his own firms, working for corporate firms & teaching at the university level. Tom also invites CPAs to join him at the WealthAbility™ training center for a free educational seminar.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast5 Learn more about your ad choices. Visit megaphone.fm/adchoices
Find out how to live your dream life today, not 30 years down the road. In this episode, Tom explains that making one change to your wealth strategy can set you on the path to living your dream life today.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast4 Learn more about your ad choices. Visit megaphone.fm/adchoices
Money is the #1 cause of divorce, and a great source of anxiety for people of all ages. In this episode Tom explains how you can overcome the fear of money and take control of your life.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast3 Learn more about your ad choices. Visit megaphone.fm/adchoices
The fastest way to put money in your pocket is to reduce taxes. In this episode, Tom offers five ways to legally reduce your taxes. Learn about the best ways to take tax deductions, the best available tax credits and why your 401(k) may be costing you money.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast2 Learn more about your ad choices. Visit megaphone.fm/adchoices
Taxes can deplete wealth or help build wealth. In his debut podcast, WealthAbility founder Tom Wheelwright dispels many common myths of the tax code, and explains how anybody can start building wealth with a strategic tax plan.
EPISODE BONUS: For the transcript, show notes and more visit: https://wealthability.com/podcast1 Learn more about your ad choices. Visit megaphone.fm/adchoices