On this special episode of The Red, White and Green Show, we break away from our usual format to dive straight into the massive small business startup boom happening right now. If you are launching a side hustle, whether you are reselling Pokémon cards on eBay or starting a consulting gig, you need to understand the power of a Limited Liability Company. Ted Jenkin exposes the massive financial divide between a W2 worker and an LLC owner, showing you how to escape the W2 trap, legally stop paying taxes on your gross income, and start building real wealth with pretax dollars.
As part of this strategy, you will discover the ultimate 1099 blueprint to transform ordinary household expenses into legal, IRS approved business tax deductions. We show you exactly how to write off everyday costs, like your family cell phone plan, your kitchen snack pantry, and even your wardrobe, by utilizing your business structure.
We wrap up by tackling the allowance trap that is ruining the next generation of Americans. Instead of handing your kids cash for doing nothing, you will learn how to transform standard household chores into a corporate structure. By treating their chores like a business, you activate your child’s single greatest financial asset, which is their ability to earn an income, and teach them the pillars of saving, spending, donating, and investing before they even turn 10.
Are you ready to stop working for your money and start making your money work for you?
Smarter business moves. Better money decisions. Bigger goals.
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