Episode 10: 12 Super Tax Saving Ideas
Medical professionals love saving taxes. They are obsessed with them. I can understand why. You pay craploads of it and although many of you understand that taxes must be paid you all hate the wastage of your tax dollars.
At MediSuccess, we always say that tax strategy should be a small part of your overall strategy in reducing your hours, earning more and creating massive wealth. Many think saving taxes is the be all and end all. It’s not.
It plays a part – just don’t make it a major part.
It is also an important part so we thought it would be a good idea to give you some pointers on how to save taxes.
This podcast gives you 12 fantastic ideas on who you can reduce tax bills. Many of you may do some but there may be others you have not thought about.
Here’s why you should listen:
- Why allowing tax liabilities to build up means more tax payable. Many medical professionals let liabilities build up. It could be a big mistake.
- Is buying a Electric Vehicle as good as they say it is? Is it worth buying an EV?
- Why negative gearing does not work. Many medical professionals are told this is the holy grail of tax savings. It is also the devil when it comes to building wealth
- Why not having passive income in personal names matters. You could be paying taxes when you don’t have to.