Tax Strategy: Financial Planning for Beginners
4.1 (61 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,735 students enrolled
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Tax Strategy: Financial Planning for Beginners

Guide to Financial Planning, Investment Vehicles, Wealth Creation Strategies through a Tax Lense
Bestselling
4.1 (61 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,735 students enrolled
Created by Calvin Liu
Last updated 4/2015
English
Current price: $99 Original price: $200 Discount: 50% off
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 5 Articles
  • 11 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I 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
View Curriculum
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 is the target audience?
  • Individuals
  • Families
  • Small Business Owners
  • Investors
Curriculum For This Course
25 Lectures
02:02:26
+
Preface
2 Lectures 00:48

Disclaimer
1 page
+
Introduction
6 Lectures 18:31

Introduction- Course Resources
00:41

Introduction Text
5 pages

Fundamental Tax Concepts
10:10

Fundamental Tax Concepts Text
5 pages

Tax Deferral Text
3 pages
+
Short Term Strategy
4 Lectures 14:03
Common Tax Deductions
07:44

Common Tax Deductions - Resources
00:05

Itemizing (Bunching) Deductions
06:14

Itemizing (Bunching) Deductions Text
2 pages
+
Long Term Strategy
5 Lectures 18:18
Retirement Accounts
09:23

Retirement Accounts Text
6 pages

Retirement Account Resources
00:33

Real Estate
08:22

Real Estate Text
7 pages
+
Long Term Strategy Part 2
5 Lectures 15:45
Securities
05:01

Stocks & Securities
7 pages

Small Business
7 pages

Small Business
10:44

Life Insurance
3 pages
+
Conclusion
3 Lectures 05:15
Conclusion
04:26

Conclusion Resources
00:49

Conclusion Text
3 pages
About the Instructor
Calvin Liu
4.2 Average rating
446 Reviews
6,866 Students
2 Courses
CPA

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.