We discuss two end of year tax strategy misconceptions that you should avoid. We'll also deep dive on how to think big picture when you're making your tax plan.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e56

Sometimes, our well-meaning accountants make strategy suggestions. However, these suggestions may not feel quite right. This unease is especially true when you take the long view on your tax planning and question whether what you're doing is a tax saving or merely a tax deferment.

Join us as we explore two tax misconceptions that could end up costing you big money in the future.

Topics Discussed:

• What to do when your not in agreement with your accountant
• When retirement plans create big tax misconceptions
• The reality of tax saving vs. tax deferment
• Using empirical data from the past to hedge bets on likely tax hikes in the future
• Taking a big picture long view of taxes rather than a short-term view
• The folly of the year-end "big spend" needlessly to save a little business owner's strategy

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

e discuss the danger of letting your emotions dominate your decisions. We also share how you can learn to start with your head, not with your heart.

~ Access our FREE Infinite Banking Beginner course here:

https://livingwealth.com/beatinflation

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e55

Today we're talking about a matter that has serious consequences for your financial health. It also ties into anything decisions in life.

As a society, we tend to make decisions more with our emotions. Human beings tend to lean heavily towards emotion rather than logic. (We're not Vulcans, after all.) We also follow closely how different ideas, strategies, and tactics make us feel.

If you go back to a lot of the mistakes and bad decisions that you've made, the reason you made the wrong choices were due to how you felt. You may have rationalized it later, but it all started with emotionally made decisions.

Join us as we dive deep into making better money decisions with your head and not your heart.

Topics Discussed:

• How we rationalize bad decisions and don't learn from them
• The silence money thief named hopelessness
• The money bandit called your heart strings
• How fear impacts your money decisions
• Preemptively judging possible decisions to determine if they are logical or emotional
• When you're hesitant to share your decision with others

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/