Adam Torkildson

on the internet that they never would have learned at school, but that are fairly basic things you have to know if you're at a corporate job. Things like how to respond to emails. So one of my kids, that's all they do for me is respond to customer support emails. And there are principles with how you do that, like the tone of voice you use when you send emails.

on the internet that they never would have learned at school, but that are fairly basic things you have to know if you're at a corporate job. Things like how to respond to emails. So one of my kids, that's all they do for me is respond to customer support emails. And there are principles with how you do that, like the tone of voice you use when you send emails.

And you can teach kids these things. They're not idiots. And so I can literally prove my kids are working for me in my business, doing valuable things, and I pay them a decent wage. But the cool thing about doing it this way, as opposed to making them a W-2 employee, is that I'm not paying them any. I don't have to pay state taxes. I don't have to pay FICA taxes.

And you can teach kids these things. They're not idiots. And so I can literally prove my kids are working for me in my business, doing valuable things, and I pay them a decent wage. But the cool thing about doing it this way, as opposed to making them a W-2 employee, is that I'm not paying them any. I don't have to pay state taxes. I don't have to pay FICA taxes.

And you can teach kids these things. They're not idiots. And so I can literally prove my kids are working for me in my business, doing valuable things, and I pay them a decent wage. But the cool thing about doing it this way, as opposed to making them a W-2 employee, is that I'm not paying them any. I don't have to pay state taxes. I don't have to pay FICA taxes.

I don't have to have health insurance on them. And I just take money from my main LLC, transfer it to the family management company, and then the family management company is the entity that pays them out. And we can use that money in their bank accounts for all kinds of stuff. We can use it for family trips. We can use it for braces.

I don't have to have health insurance on them. And I just take money from my main LLC, transfer it to the family management company, and then the family management company is the entity that pays them out. And we can use that money in their bank accounts for all kinds of stuff. We can use it for family trips. We can use it for braces.

I don't have to have health insurance on them. And I just take money from my main LLC, transfer it to the family management company, and then the family management company is the entity that pays them out. And we can use that money in their bank accounts for all kinds of stuff. We can use it for family trips. We can use it for braces.

We can use it for stuff that you typically wouldn't be able to write off when you're paying for family needs. You can use that money. in that way. And it has become a write-off through that process.

We can use it for stuff that you typically wouldn't be able to write off when you're paying for family needs. You can use that money. in that way. And it has become a write-off through that process.

We can use it for stuff that you typically wouldn't be able to write off when you're paying for family needs. You can use that money. in that way. And it has become a write-off through that process.

Yeah. And once you two down, one of my favorite principles, I love working based off principles. So another principle that I really love to live by is When you're setting up systems or processes, you should be able to set them up once and then have them keep working for you without having to reset them up constantly.

Yeah. And once you two down, one of my favorite principles, I love working based off principles. So another principle that I really love to live by is When you're setting up systems or processes, you should be able to set them up once and then have them keep working for you without having to reset them up constantly.

Yeah. And once you two down, one of my favorite principles, I love working based off principles. So another principle that I really love to live by is When you're setting up systems or processes, you should be able to set them up once and then have them keep working for you without having to reset them up constantly.

So these two systems of tax savings that I've talked about, you don't have to keep redoing things every year or refiling this paperwork or that paperwork. Once your Augusta strategy is in place, you can just count on it working. Once your family management company is in place, you just count on it working. Yeah, it's a set it and forget it idea. Exactly.

So these two systems of tax savings that I've talked about, you don't have to keep redoing things every year or refiling this paperwork or that paperwork. Once your Augusta strategy is in place, you can just count on it working. Once your family management company is in place, you just count on it working. Yeah, it's a set it and forget it idea. Exactly.

So these two systems of tax savings that I've talked about, you don't have to keep redoing things every year or refiling this paperwork or that paperwork. Once your Augusta strategy is in place, you can just count on it working. Once your family management company is in place, you just count on it working. Yeah, it's a set it and forget it idea. Exactly.

I think that's one of the more undervalued ideas in business is the ability to just set it and forget it.

I think that's one of the more undervalued ideas in business is the ability to just set it and forget it.

I think that's one of the more undervalued ideas in business is the ability to just set it and forget it.