Mark J. Kohler

speaker

651 appearances 4 recordings 3 series first heard Apr 2019 last heard 10 Jul

Mark J. Kohler’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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It's outside labor and the right line item.

I teach all that.

We talk about it on our shows.

It's in my books, blah, blah, blah.

But your four kids, if depending on their age and what they're doing in the business, let's say we're paying them five to 10 grand.

Four kids average of seven.

That's four times seven.

We're at 28 grand.

We just got a $28,000 tax write-off.

So you're going to be paying for school lunch, school clothes, soccer, football, all that.

You're not paying for it anymore, Ryan.

They pay for it.

You're transferring money from your company into their bank account and they pay for school, lunch, and sports.

Now you just got a tax write-off for that.

And you can even double down and form an IRA for each one of them.

So now each of them have a Roth IRA of seven grand a pop if you want.

And now that can come out for college tax-free.

So I've got my Roth IRA going.

My kids are on the payroll.

We're having board meetings as a family and I'm taking my four kids out and I'm teaching them about business.

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