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Rudy Mawer

👤 Person
5881 total appearances

Appearances Over Time

Podcast Appearances

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

And that's like you have a certain level of trust that you probably shouldn't because if you hire a builder, you're watching what they're doing. And if the kitchen's coming together and the sink's upside down, you say stop, right? Yeah, that's right.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

And that's like you have a certain level of trust that you probably shouldn't because if you hire a builder, you're watching what they're doing. And if the kitchen's coming together and the sink's upside down, you say stop, right? Yeah, that's right.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah. And again, like with business, even like I'm a marketer and we always teach our clients with marketing and ads, I'm like, you don't need to become a master at Facebook ads and stuff like I am, but you need to know enough to be dangerous. Right. And I think it's like, hey, you haven't got to become an accountant.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah. And again, like with business, even like I'm a marketer and we always teach our clients with marketing and ads, I'm like, you don't need to become a master at Facebook ads and stuff like I am, but you need to know enough to be dangerous. Right. And I think it's like, hey, you haven't got to become an accountant.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah. And again, like with business, even like I'm a marketer and we always teach our clients with marketing and ads, I'm like, you don't need to become a master at Facebook ads and stuff like I am, but you need to know enough to be dangerous. Right. And I think it's like, hey, you haven't got to become an accountant.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

But you need to know enough like I do, read a couple of books, listen to a few podcasts, go to a few events, and boom, for the next 50 years of your life, you're going to save probably millions of dollars on taxes now just because you spent 20, 30, 40, 50 hours educating yourself.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

But you need to know enough like I do, read a couple of books, listen to a few podcasts, go to a few events, and boom, for the next 50 years of your life, you're going to save probably millions of dollars on taxes now just because you spent 20, 30, 40, 50 hours educating yourself.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

But you need to know enough like I do, read a couple of books, listen to a few podcasts, go to a few events, and boom, for the next 50 years of your life, you're going to save probably millions of dollars on taxes now just because you spent 20, 30, 40, 50 hours educating yourself.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah, I'd love to give a real-life example. I know it's always hard to give exact numbers, but let's throw it out there. Someone's earning a free $400K net. They probably should be paying themselves somewhere, you know, reasonable standard $100K to $200K, and then through payroll, would you agree, or more or less? Bless your heart, Rudy.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah, I'd love to give a real-life example. I know it's always hard to give exact numbers, but let's throw it out there. Someone's earning a free $400K net. They probably should be paying themselves somewhere, you know, reasonable standard $100K to $200K, and then through payroll, would you agree, or more or less? Bless your heart, Rudy.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah, I'd love to give a real-life example. I know it's always hard to give exact numbers, but let's throw it out there. Someone's earning a free $400K net. They probably should be paying themselves somewhere, you know, reasonable standard $100K to $200K, and then through payroll, would you agree, or more or less? Bless your heart, Rudy.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

so it's absolutely critical that's great so let's say 300k you take a 80 90 100 grand roughly is that that's about what you absolutely just to be clear what how people are asking okay i get it what happens to the other 200 grand now can you expect okay so here's the cool part so let's say let's compare a to b so if i don't do this i'm just a regular llc and people llcs do not save taxes an llc does not

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

so it's absolutely critical that's great so let's say 300k you take a 80 90 100 grand roughly is that that's about what you absolutely just to be clear what how people are asking okay i get it what happens to the other 200 grand now can you expect okay so here's the cool part so let's say let's compare a to b so if i don't do this i'm just a regular llc and people llcs do not save taxes an llc does not

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

so it's absolutely critical that's great so let's say 300k you take a 80 90 100 grand roughly is that that's about what you absolutely just to be clear what how people are asking okay i get it what happens to the other 200 grand now can you expect okay so here's the cool part so let's say let's compare a to b so if i don't do this i'm just a regular llc and people llcs do not save taxes an llc does not

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah. So love that. Let's go into the next strategy just for sake of time. Right. So just the things to recap, make sure your LLC set up correctly and you set up, you know, most people are going to be asked to obviously if they start bringing in shareholders and cap raising capital, it might have to change. Right. But. But I think it's generally a good blanket statement.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah. So love that. Let's go into the next strategy just for sake of time. Right. So just the things to recap, make sure your LLC set up correctly and you set up, you know, most people are going to be asked to obviously if they start bringing in shareholders and cap raising capital, it might have to change. Right. But. But I think it's generally a good blanket statement.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Yeah. So love that. Let's go into the next strategy just for sake of time. Right. So just the things to recap, make sure your LLC set up correctly and you set up, you know, most people are going to be asked to obviously if they start bringing in shareholders and cap raising capital, it might have to change. Right. But. But I think it's generally a good blanket statement.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Obviously, get yourself on payroll. That's something I didn't used to do when I first started and have done for many years recently once I learned that. And let's just touch for 10 seconds. You actually kind of have to because you can get in trouble if you're just paying for years, not having anyone on payroll in your company.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Obviously, get yourself on payroll. That's something I didn't used to do when I first started and have done for many years recently once I learned that. And let's just touch for 10 seconds. You actually kind of have to because you can get in trouble if you're just paying for years, not having anyone on payroll in your company.

Living The Red Life
Mark Kohler on Bulletproofing Your Wealth Between $250K–$1M+

Obviously, get yourself on payroll. That's something I didn't used to do when I first started and have done for many years recently once I learned that. And let's just touch for 10 seconds. You actually kind of have to because you can get in trouble if you're just paying for years, not having anyone on payroll in your company.