How to (LEGALLY) Pay $0 In Taxes | Why The Rich Don’t Pay Taxes? With Shannon Weinstein

In this episode, Ryan is joined by Shannon Weinstein, a CPA with 15 years of experience and host of the podcast, Keep What You Earn, which the IRS isn"t fond of.  Want to be coached by me on real estate investing? Join our Wealthy Investor program today at https://wealthyway.co/yt --- Are you living The Wealthy Way? Take the quiz and get FREE access to the “Wealth Builder Academy” where I go over all the fundamentals of building wealth. https://www.wealthyway.com/ Would you like my team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9 Looking to grow in your faith and business? Join Wealthy Kingdom today https://wealthyway.co/dyy Create your business to grow your revenue, scale your organization, and make an impact with help from Wealthy Business! Apply here https://wealthyway.co/50d Want to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/ You can invest in my real estate deals! Go to https://pinedacapital.com  --- Connect with Shannon! Website - https://www.keepwhatyouearn.com/power-sessions  https://www.fitnancialsolutions.com/ Instagram - https://www.instagram.com/keepwhatyouearn/ https://www.instagram.com/shannonkweinstein/ Shannon has successfully transitioned from her corporate job to running a thriving side hustle while living in Costa Rica. They discuss how being overly detail-oriented can hinder entrepreneurship, particularly for accountants who tend to be risk-averse.  Understanding financial statements like the P&L and balance sheets is crucial, yet few are proficient in this area. Shannon left her nine-to-five job to focus on her side hustle, stressing that there are plenty of job opportunities; giving oneself six months to commit to a side business is wise. Shannon and her husband are both entrepreneurs, planning to balance work when they start their family through adoption.  Her consulting business assists founders with strategic decisions, analyzing trends, performance, marketing spending, and cost-efficiency. Shannon takes care of the numbers, allowing clients to focus on their core business. Shannon recommends that every business establish some form of recurring revenue, emphasizing that founders often desire more time and constraints rather than just increased revenue. She employs a profit plan, essentially a budget, allocating funds to specific categories tied to goals. Recurring opportunity involves getting a customer to make a second purchase, while recurring revenue comes from subscriptions. Listening to customer demands is crucial for growth. Entrepreneurs tend to gravitate toward platforms like TikTok, Instagram, and YouTube, while corporate individuals prefer LinkedIn and Twitter. Shannon finds LinkedIn recommendations underutilized. They discuss tax payment strategies, emphasizing that you have more control over taxes than you might think. The IRS is flexible, and paying extra hoping for a return is not advised. For fractional CFO services, you can contact Shannon through Fitnancial Solutions at https://www.fitnancialsolutions.com/.