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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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@Behindthecurtain-s1o
Working on it. Pretty much stopped saving. My problem is spending, buying things I want and don't really need. I excuse myself with that books and boots and seasonal decorations are an investment 😂.
@CallTheComedy
I don’t get why people think wealthy people save money by donating. It’s senseless from a financial perspective. There are extremely few situations u don’t lose money depending on if u donate real prop or cash. Since all u get is the bellow the line deduction which essentially means u still lose donated cash *(1-marginal tax rate). The only use case I can see is if u win some prize and don’t want the money for yourself. Which donating is righteous and moral. And if u have the extra cash go right ahead. But u never actually save money. U just stop a portion from going to the gov and make donating cheaper for yourself. I hate the idea that donating somehow reduces ur overall tax. saving u money. Like even if u donate a painting that u held over a year and get the fmv deduction u essentially could have sold it and ended up with more cash overall. And u wouldn’t have to pay tax on it till u sell or dispose. Plus to get the deduction u have to itemize.
@scottkelley9418
When I decided to get out of debt 13 years ago and eat ketchup sandwiches lol, it took me a couple years of being disciplined and frugal… It took me from having a negative net worth to a 1.9mil net worth by investing and working hard. I work a blue collar job and self taught investing. It can be done
@GratefulnLovedbymyAbba
❤❤❤❤❤❤❤
@Udjeox
Do millionaires and billionaires give 10% away 🤔
@Halo_G520
Elaborate when you say money for giving away please
@oSnapMillerTime
Toby you talk a lot about protecting assets what about how to file lawsuits against shady people hiding assets behind trusts?
@scottstevens2777
I’m old, my only debt is my mortgage at 6%. What should I do? Pay the house down or invest?
@patzoriley2
Consult