How The Rich Are Making Their Kids MILLIONAIRES Before They Turn 30 🤯 (Follow These Strategies)
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- Опубликовано: 27 авг 2024
- *Learn how to pay LESS in taxes like the WEALTHY: bit.ly/3wjkmJs
Today, I am joined by my CPA, Sheneya Wilson! Se's teaching us how to take advantage of the tax code so we can save more money on taxes using tax write offs (legally and ethically). Because none of us would look good in an orange jumpsuit. 😂
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Hey, fam! I’m Anthony. I’m fired up about meeting you where you are in a real, relevant, and relatable way. Here on this RUclips channel, we’ll be having honest conversations about finding our authentic selves by living life based on spiritual, financial, and mental freedom. At the age of 19-homeless and deep in debt-I turned my life around by becoming debt-free, and I decided to spend the rest of my life helping people avoid the same money mistakes I made. Today, by the grace of God, that’s what I’m doing every day with AO Enterprise. You can rock with me on Instagram @AnthonyONeal or online at anthonyoneal.com.
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#AnthonyONeal #wealthbuilding #legacy
Thank you ❤ I learned three important things today that I didn’t know before.
1. You can use the invested money from your 401k towards the purchase of your first home without that withdrawal being penalized 🙏🏾
2. If your child is on your payroll as an employee of your business. Pay them $12,500 per year, allocate $6,000 of that $12,500 towards a custodial ROTH IRA for them. Let compound intrest do it’s magic over the years and by the time they are 30 - 40 years old. They could (most likely) have a million to their name.
3. The difference and importance of having a financial advisor and a CPA apart of your team/strategy.
I never leave comments but this channel drops amazingly quality content week after week. Educational, entertaining, no fluff, no empty clickbait promises. Kudos!
It’s nice to see a young African American woman talking to us about money. There are not a lot of Black women in this field. She has a level of expertise that would gravitate me towards her. She comes across as very helpful, educated and trusting. When it comes to accountants I’ve heard not so good things about some of them but I would rock with her.
Thanks A.O. for having her in and telling us things we need to know.
She needs to be a professor/teacher! She is so easy to understand!
Thank you for this!! This is what the historically wealthy and people born into wealth all know from the beginning that a lot of us brown and black people don’t know and are just learning in our 30’s. This is giving us an advantage that we can now pass onto our families so WE too can build generational wealth!.🙏🏽🙏🏽🙌🏽🙌🏽🙌🏽 more of this content please. Thank you!!
Bring her back often because we need to be educated not bamboozled!
My wife at the time (ex now) took the CPA test twice and failed. She’s one of the smartest/opportunist I’ve met in life. She said after failing the second time that accounting isn’t a passion for her anymore. Went back to school to get her masters in education and likes being a teacher.
Besides the point, listen to this woman and heed her advice!
This was so good. I hope it goes from a good watch into a PLAN for many of us!!!!
Keep it up AO!
Without knowledge the people perish! On top of working the game one pastor said you have to Work The Word of God because we can do All Things through Christ and because With God NOTHING is IMPOSSIBLE!
This was very inspiring and informative pleas bring her back for a part 2. Thank you so much !
She dropping gems
53:33 Whooooooo!!!!! We will not capture this mindset!
Amazing!! Support your own!!
God is so good! I have been praying that someone with a platform would share their CPA/bookkeeper. My husband & I have day jobs. My husband is a manager at FedEx & I am a registered nurse, we have a group travel business for nearly 12 years. The financial journey has been real. Everything stated in this video is what I need. Only God. Thank you, Anthony, I wish more would do this. This is what our people need! ♥️
I think that's a troll
How can I get in touch with her
One of the best episodes!! She really knows her stuff!
Enrolled agents are great in taxes as well!
“Don’t wish it was easier, wish you were stronger. Don’t wish for less problems, wish for more skills. Don’t wish for less challenge, wish for more wisdom.” - Jim Rohn ✨
This was good but I'm going to need to run this back a few times that was A LOT of info haha.
Also I noticed that her info is not in the description... just her name is mentioned but not her IG or website.
Anthony or team could y'all put people's info in the description for real. It's said it'll be there and continually ends up not being there.
* Not trying to be rude but I've just kept hearing one thing and seeing something different.
She is so humble, love her!
Should someone without a business use a CPA? Also, what if your business just started, should you get a CPA? ❤️
Mr. Anthony O’Neal, that’s a great question.
I would really like an answer from you.
And great question Mr. Joy Silas 👍
I do not have a business and I use a CPA. I have for years because I prefer subject matter experts vs the alternatives.
Sis over here with here notepad and pen🖊, taking notes ask me if I'm playing!😊 Great to see black people stepping in their greatness. Financial jewels definitely needed and appreciated.
Not all CPAs do taxes, I’m an EA (we are certified in taxes, but can do everything a CPA does except sign off on an audit), plus a CPA has to be licensed in each State they operate, EAs are certified in all 50 States, bookkeepers (not all, just like in anything else) are very knowledgeable and can tell you great tax strategies, but you have to get the right person. I started in public accounting, all of my friends that are CPAs only about 2 do taxes, I’ve done taxes for other CPAs. Bottom line who ever you chose to work with do your due diligence and make sure they are knowledgeable in what you actually need.
You breaking out the "tongues" be having me rolling. I am LOVING this episode. It is helping me so much! THANK YOU SO MUCH Sheneya and Anthony!
Great interview!!! She’s so smart!
This is a game changer podcast. Thank you AO for bringing us the best experts & guests.
Enjoyed the video I would of never thought of having different shops for set items. very informative
I started my business a few months ago. I have my first client. Was just praying for tax help and better understanding…
why're you praying instead of hiring a professional?
Did you try doing the FEMA Affiliate Cash program I did cash out and I got
paid $20,000 in just a few hours.
All CPA don’t generalize. Some fall into niches and specialize. This is how they make a lot
of money instead of being jack of all trades and a master of none. Also, if it’s a small business there is only so many accounting principles with GAAP that are applicable.
I’m not a CPA, However, I am CPA eligible. I have a Masters in Accounting and I apply everything the lady said to my clients. It’s all about understanding and applying the tax codes. Having a designation doesn’t necessarily mean you know more because some CPAs specializes and focus on certain accounting principles. Having the CPA designation means you are charged more for the perception of knowing more.
13:20 did not know that
This was so 🔥 🔥🔥🔥🔥
Great information! Thanks
People are getting educated Anthony !!!
Thanks man how can I get in touch with the CPA
Great conversation. I'm thinking I need to find a CPA.
GOLD INFO here!! Thanks 🎉
Sheneya Wilson I don’t believe that either. The media has a way of trying to make us think and speak negatively about our communities.
Sheneya you taught so much you would be very successful with your own show. Thanks and I will be contacting you soon.❤
She is on her game!!! Her knowledge and the experience she speaks about have made me want to reach out to her to get a plan for the upcoming year. Thanks for this AO!
WEALTH OF KNOWLEDGE AQUIRED TODAY!!!! THANK YOU BOTH!!!!!!
Nearly brought me to tears having enjoyed this show. Been rocking with your content since Dave R. days. So excited to get my game plan together, develope a plan and apply it with a strategy. So ready to maximize my talents in a fruitful and prosperous way and increase the fold and make a positive impact for the community. I'm in need of help and hope you/your team can assist.
I NEED a “The Peoples CPA” in my life right NOW!!!!!!!!!
How can you maximize write offs as a 9-5 earner with no business, Using the car depreciating assets as an example?
you cant. you have no legitimate tax reducing expenses. you're already getting a huge tax break with the standard deduction. a married person making 60k or less with children is basically paying nothing in taxes. they're getting money from the tax payers
If you want to depreciate the car you'll have to start a business and use the car in the business.
The IRS will tax your previous year's refund!
I could user a booker for just my home finiances.
They say if a person gets a refund that's a problem and need to be addressed at HR. The government has access to those funds and is getting rewarded lending your money out and you get none of it, just your refund back.
your parents or your family in general should be put on your board of trustees, meet once a year and keep the minutes. go on vacation with your family and that is called a business retreat. also if you have an infant and use their image on your marketing, you can also pay your child up to 12k as a model. just saying.
Did you try doing the FEMA Affiliate cash program I did cash out and I got
paid $20,000 in just a few hours..
Yes and Amen
Thank you because I’m starting a business and it seems that the wealthy business people I thought I knew will not help me. I have grandchildren that I refuse let let work for someone else when they graduate from high school so that’s why I will do the work so they can Be A Boss instead of having A Boss. I do the work for my business but I need to know a lot more.🙏🏾🙏🏾🙏🏾
💯 same for my son .
I don’t see her information in the bio. I definitely need her info
Yay love to see and learn from a CPA like Sheneya! Anthony is right we don’t want to pay the government more money unnecessarily but it happens to so many of us because we don’t know the tax codes or find people who can help us benefit from the tax codes. My CPA taught me how owning real estate changes your tax life in a positive big way! On my channel I’m sharing how real estate has transformed my life and helping me on the journey to financial freedom
I like to get in touch with her as well Anthony is so right about taxes
What a great episode! She’s knowledgeable and describes the complexity of taxes and investment in simple terms.
Yoooo Anthony ONeal got one with this. Anybody that’s an entrepreneur should be using the game from the guest. I’m definitely implementing the game she was sharing asap
Great information! Love your content.😀
Did you try doing the FEMA Affiliate cash program I did cash out and I got
paid $20,000 in just a few hours.
Advice to get CPA and financial advisor is wise, but you didn’t discuss the cost of employing both and or how to vet them. I had a CPA who offered to charge me $600 a month to quarterly review my account via quickbooks. The monthly booking keeping was up to me. I think $600 per month in the stock market is a better move.
Very informal information I didn't know of 🤟🏾
Yes sis teach!
This Sista is talking GOOD - yes - to the Owner's Withdrawl (business owners been doing this) and this is why they always say PAY yourself FIRST🤑🤑
where do i go to get her as my cpa
I'm looking for a black Cpa in the Ohio area.
Also with hiring kids. Do I just make the job description or do they need something with the IRS? I was confused on how to do this with my daughter.
Good stuff
I was a little confused about this. The agi part. For example. Say my business make 100k a year. I am on payroll. I pay myself 30k a year. Do they subtract the 30k from the 100k?
Good morning! Thank you very much for this video. I appreciated the information. I was able to understand her. I'm sure she connected well with your subscribers. 😊 She mentioned life insurance and making dividends from that. Is it possible that you can have her come back and expand more on the topic? Also Anthony, I am sure you're going to find your wife. Who knows, maybe at a pool party where she may already be wearing a 2 piece!
Have you try doing the FEMA Affiliate cash program I did cash out and I got
paid $20,000 in just a few hours.
I'm 63 living off of pensions is there a strategy for me
Anthony is trying to tell us something:
My take away is, Life may seem bleak but trust God and stop reckless spending and start spending on increasing your Personal credit to start a small business. (I had a smart child start my business in Texas). Get a smart CPA. Pray and go live your best life while life is still good. Pray if your are single and pray for a quality help mate. Sha Ba Ba Ba
Wow that was great
😩😂@the two-piece bikini part!🤦🏾♀️
audio is whack
Yes sir!! Yes ma’am!! Thank you!!
Teacher, I am a sub teacher, I need to know how you started? Each one teach one.
This information is gold. ✨
I agree
Thx
THIS!!!!!!!!!!!!!!
Hi, could you recommend any cpa in the Baltimore md area that does in person for w2 and a small business under 5000? For a reasonable fee? Also what’s a reasonable fee?
Reasonable fee really? Then go to RUclips university for FREE
Book keeper
I'm planning to transition from my 8-5 over to build single family homes for rentals in the next couple years. Saving cash right now. If everything goes ok. I should have well over $2 million in property and 6 figures cash flow and approaching 1 million in my 401k all before I hit 50.
I'd like to teach my daughter how to do this and run a real-estate rental business if she is interested.
She could be at my retirement target by age 30, or set a much more ambitious target.
Wealth means freedom. Hopefully she won't be stuck working an 8-5 making someone else rich for as long as I did.
Teach her how to build a house, run heavy equipment, manage money, find good investments.
She can go to college if she wants but hopefully I'll have taught her life skills that can make her a 6 figure income straight out of high-school.
Why?! Just why aren't we tought this in school? Thank you for this all the way from 🇵🇷✌🏻😊✌🏻
Because they want us to stay broke and keep us in debt
So much Invaluable information I feel like my head's about to explode. So so so good. Just forwarded her info to hubby bc we need a CPA for our trucking business- we paid a lot in taxes last year and I know with someone like her we can develop a better strategy and write off more. I 🙏🏾 she takes on new clients soon
Thanks AO for having qualified quality guests!! 👍
subscribing is not marriage!! lolzzz 🤣🤣🤣🤣 staahp iiittt
>>
Rich man Poor man was walking down the street, Rich man said to Poor man, I'm debt free! Poor man replied, me too!...😁
@TheTableWithAO I’d love to be on your show or give my testimony on how the baby steps worked for me
Did you try doing the FEMA Affiliate cash program I did cash out and I got
paid $20,000 in just a few hours.
🙏🏽🙏🏽
I wouldn’t even get married again! I would continue the AO legacy 😇
Is the 6000lb rule going away after this year?
👏🏽👏🏽👏🏽👏🏽 I'm on your mailing list, I've got your toolkit, can we talk about sponsorship or collaboration? Your table is definitely worth speaking at ❤️🙏🏽🙌🏽
🔥🔥🔥🔥🔥🔥🔥🔥
🔥 🔥 🔥
I need her
AO!
AO.... umm, I don't see no ring on that girl finger 😳 🤔. Js
Man, I feel the same way Abt my policies, don't give to another woman. Lmboooo
Did you try doing the FEMA Affiliate cash program I did cash out and I got
paid $20,000 in just a few hours.
too much Anthony, less is more.
Working on a similar strategy for my son . Open up 529/UMGA or UTMA at Vanguard or Fidelity . Invest in ETFs and Index Funds - Total Stock Market / Small Cap Value / International.. Keep it simple. DCA+Compound Interest will work wonders..
Thank you AO for bringing thepeoplescpa on the show again. Great interview. Please inform her that there are so many people impersonating her on IG..she should get verified ASAP. Thanks