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30-Day Money-Back Guarantee
Finance & Accounting Taxes Tax Preparation

Tax Strategy: Financial Planning for Beginners

Guide to Financial Planning, Investment Vehicles, Wealth Creation Strategies through a Tax Lense
Rating: 4.0 out of 54.0 (128 ratings)
2,105 students
Created by Calvin Liu
Last updated 4/2015
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Generate passive income
  • Identify investments with the best return on tax savings and earnings potential
  • Understand loopholes of the tax system
  • Reduce their tax bill on their very next return
  • Properly plan their finances for the future
  • Build wealth in the long term

Requirements

  • Patience
  • A learning attitude

Description

We've all heard the story before. Mitt Romney, multi-millionaire congressman, paid an effective tax rate of roughly 14%! How is it possible that the someone making that amount of money pays a lower tax rate than most Americans?

The answer? Proper tax planning.

Proper tax planning is perhaps the most important step to the promised land of financial freedom. The strategy is simple- the more income that you generate at a tax free or a lower tax rate means the more money you get to keep. If you reinvest this money, your money works for you, generating a stream of passive income ultimately accumulating wealth.

There seems to be this misconception that the wealthy are cheating the system. This is simply not true! The wealthy simply structure their income to take advantage of the favorable provisions outlined by the government.

Anyone can apply these strategies- not everyone knows about them.

That is where this course comes in. Students will learn how to :

  • Generate passive income
  • Identify investments with the best return on tax savings and earnings potential
  • Understand loopholes of the tax system
  • Reduce their tax bill on their very next return
  • Properly plan their finances for the future
  • Build wealth in the long term

With a 30 day money back guarantee, you have nothing to lose!

Who this course is for:

  • Individuals
  • Families
  • Small Business Owners
  • Investors

Course content

6 sections • 25 lectures • 2h 2m total length

  • Message from the Author
    00:57
  • Disclaimer
    1 page

  • Preview07:40
  • Introduction- Course Resources
    00:54
  • Introduction Text
    5 pages
  • Preview10:10
  • Fundamental Tax Concepts Text
    5 pages
  • Tax Deferral Text
    3 pages

  • Common Tax Deductions
    07:44
  • Common Tax Deductions - Resources
    00:08
  • Itemizing (Bunching) Deductions
    06:14
  • Itemizing (Bunching) Deductions Text
    2 pages

  • Retirement Accounts
    09:23
  • Retirement Accounts Text
    6 pages
  • Retirement Account Resources
    00:34
  • Real Estate
    08:22
  • Real Estate Text
    7 pages

  • Securities
    05:01
  • Stocks & Securities
    7 pages
  • Small Business
    7 pages
  • Small Business
    10:44
  • Life Insurance
    3 pages

  • Conclusion
    04:26
  • Conclusion Resources
    01:07
  • Conclusion Text
    3 pages

Instructor

Calvin Liu
CPA
Calvin Liu
  • 4.1 Instructor Rating
  • 600 Reviews
  • 7,450 Students
  • 2 Courses

My name is Calvin and I run TaxSavingStrategy. I am a Certified Public Accountant and work full time as a tax consultant with clients ranging from individuals to Fortune 500 companies. I graduated with both a Bachelor's in Accounting as well as a Master's in Business Taxation.

I understand that the complexities of tax law can be a daunting task especially for those who have no background. However, if you don't at least try, you will never really know. Let me illustrate with a example from my personal life. When I decided to make TaxSavingStrategy, I had to face the daunting challenge of making a website. Coming from a business background, I have zero coding knowledge so building a website seemed impossible. I took the time to learn some basic fundamentals and the site you see today was 100% built by me. It took me a couple hours to learn the basics. I'm still not an expert and I still don't know coding; but as you can see, I was able to create a full functioning website, something that I did not think was ever possible.

My point? We fear the unknown. We make things out to be much harder than they are. You are more capable than you think you are. In today's digital era, there are so many resources that can significantly reduce the learning curve. This introductory course sets out to do that. Use this as a guide to become an informed individual. No you won't be an expert, but by the end, you will be equipped with strategies that can make a difference.

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