How To Save Money

Описание: 🗓️ Ask Sloan’s Podcast EP 24

Stop obsessing over dodging taxes and start focusing on building wealth 💰

Here’s the part nobody likes to say out loud: unless you truly understand the real estate game and plan on buying properties every year, or you’re maxing out retirement accounts, trying to reduce your taxes usually costs more money than simply paying the taxes and building wealth.

The only real way to lower taxes is to spend money in tax-deductible ways—real estate investments, retirement plans, reinvesting into your business, and subsidized tax credits. Translation: your cash turns into investments, and investments come with risk ⚠️.

Once you’ve built real wealth—specifically a 9-month emergency cash cushion—those investments can become a larger part of your portfolio and may reduce future taxes slightly. But that comes after the foundation is built, not before.

On this episode of Ask Sloan, we talk about:
💸 Why paying taxes isn’t the enemy
🏠 The truth about real estate and tax write-offs
📉 Why most “tax strategies” just mean spending more money
💰 How building wealth starts with saving—yes, even $5 a day
📊 How to use the 50/30/20 rule (50% living, 30% taxes, 20% long-term savings) and adjust it for your real life
🔒 How “never-touch-it money” completely changes your mindset

Bottom line: build wealth first, then use tax strategies that actually make sense for your situation—stop trying to avoid taxes at all costs.

🎙️ Airs Wednesday
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