This information is vitally important. It’s not just a philosophy, it is a tangible reality; and this explains so much! I am looking forward at you have next. Thank you taking me on this journey with you! Blessing!
"So, if i own 6 properties in 2 cities, i cant buy a G-Wagon with the company name ??? how am i suppose to get to my 6 properties often?? the G-Wagon is not for my pleasure, its for business!" do you think they will fall for that?
No it's not. It's not "obtainable" as you say. It depends on how much wealth you are looking at. Building wealth that is over the populations average, needs you to do things that are over the average occupation - better than >~85% of population. Means your job or occupation must be at least better than the 2/3 of people you cross in your city. And perhaps that 90% of the 1/3rd have the best paying jobs or occupation because they have benefited from the best education. And a large chunk of them, their exceptional education has been pushed and sponsored by rich parents. So yes, it is obtainable if you recognize yourself as already part of the upper class, and you have had an exceptional education. And there is a last determining factor, apart from checking all of the other boxes, you also need to do very hard work for years and years, save a lot, and do some well thought real estate investments along the way. Given all that, yes it is obtainable. But if you talk from a very large majority of people, absolutely NOT obtainable. And it's probably not looking at this girl that you'll get any nearer that goal.
@@MrErick1160 Spending & investing habits that you mentioned are by FAR the most important factor over a life time. Many high earners simply increase their regular spending, leaving them with no more investments than a typical low earner. Of course, greater earnings provide better opportunities; however, poorer origins often teach more disciplined spending habits than starting out in a wealthier family setting. Ultimately, it is up to each individual to figure out their own goals & how reach them.
You have learned nothing You have been indoctrinated Money is paper with your cult leaders face on it Its called Heraldry Money has no value The rulers use it for their control over you to control the human value
Good reminder that you can actually negotiate with banks, insurance companies and others. People do not realize it, but almost ANYBODY will negotiate the price. I negotiated with a bank to pay of my credit card WITHOUT losing my credit rating (saved about 30K) and we have negotiated with insurance companies (4K/year in savings) for insuring business vehicles, phone companies ($100 off per month) etc. So, just remember people, EVERYTHING is a contract and you can negotiate anything. Just learn to say "what is the best price you can offer me..." or do your homework and tell them that somebody else will do some service cheaper and a lot of people will negotiate with you... No company, govt department (even tax department will negotiatie in some areas) and business will consider it something unusual...
You don’t negotiate insurance in USA, rates are set and submitted to the states insurance commission. This is how they avoid discrimination, rates are set based on variety of factors the computer algorithm determines. If you “negotiated” you negotiated yourself into less coverage or higher deductibles. Everything else is illegal and there’s no way to do it.
@@brad1367 She's not wrong. Businesses can negotiate insurance group rates for their employees because they hold the promise of giving the insurance company a lot of customers, but an individual doesn't have that power. Besides, most states only have a couple of insurance companies that work within that state, so there isn't much competition. If the feds ever allow insurance companies to sell across state lines, then we'll see some action.
I run a small development company and will say this is all great advice. Also owning your primary house in your own name is usually much cheaper at least here in the states. The difference between a primary home owner mortgage and a company owned mortgage is around 1.25% on the interest rates.
This low-key blew my mind. Literally just realizing that celebs out here buying planes and getting nip/tucks could absolutely (probably) get it tax-free and could realistically continue to do this as long as their business can afford it...
I’m prepping to start my journey of being an online content creator/entrepreneur. In the meantime I’m trying to get a good handle on my finances so I can understand what I need to do to plan for my future. Until now, I’ve had trouble learning about finances and staying engaged. Your content really resonates with me, I think because our life goals are similarly aligned. Really excited that you’ve started this educational journey and fully intend to be here for all of this valuable advice!
As a fresher straight out of college who's stepping into the real world, your finance videos are so so so helpful I can't thank you enough! Love you ❤️
You are now confused You will never be free you are governed she is not entirely wrong but, she has left most of it out Do not do what she is saying that is how they make slavery , normal
Kiyosaki had one good book but nowadays he’s gone insane. He tweets constantly about the stock market and that people should hold gold and silver. He’s been wrong about every single stock market crash prediction in the last 10+ years.
I love this so much! My wife and I have been long-time fans of yours. We have a wedding company that makes over 100 a year. We took our profits and bought 2 buildings in a little town in the USA. 1 of the buildings has 2 renters and we installed a coffee and plant shop in the other. Right now we are paying down as much debt as we can and we are preparing to be able to live abroad and grow more online. Your new content is exactly where we are at in life right now. I am so thankful for this channel and all of the information you are sharing! We are very inspired by you and can't wait to truly be free from debt!
It's crazy that a haircut for your business is tax-deductible, but if an employee gets a haircut for their job it's not tax-deductible. The cost incurred for doing a job such as a wardrobe, gas, or daycare should all be tax-deductible in my opinion.
Tax deductions are more like rewards for risk taking, i.e., running a business. Employees don't need to bear as much of a risk to make a living, hence why they don't get tax deductions on most things. Many employees aren't willing to take the financial risk of starting a business.
@@eat_ze_bugs employees are taking a risk working for you. Putting their trust into your success , if you mess it up. The employee is also out of a job. The employee most certainly should have the same benefits as the owner
@@lordeverybody872 You are free to go start a business, and let your employees have the same benefits as you the owner :)) Joke aside, if I'm your employee, I'm not even want to have the same benefit with you without bring any valuable to your business like capital, rare skills, or introduce people who have those.
@@lordeverybody872 or at minimum some form of deduction. The employee has to conduct themselves in a certain manner to benefit the employer. In the U.S. (just before cofefe) if you worked from home even for another company you could deduct a portion of the use of your home as a deduction. Just before cofefe the Rrump administration did away with that. Now only the company you work for is entitled to any deductions. Talk about a tell hmmmm? 🤔
I'm glad you explained why your hair changes so much. I had been wondering why, and now I definitely need to get my wife to be the face of a company so she can write off all her different hairstyles.
I learned that success demands habits. You don’t just get up one day and do something and expect success, it’s something that you do everyday until you achieve success. That’s why you need to choose something that you love so that you can enjoy the ride.
Thanks to your videos I’m planing on helping my dad with his business, he has absolutely everything under his name, Im researching a lot about my country’s laws and taxes so he can retire and be more financially independent. Love your videos and that you are sharing all this valuable information! ❤️❤️
Absolutely love it! I've literally yesterday have put a note that I need to clean up my assets and get updated financial education. Love how the universe works for me for the last few weeks especially. Great content!
As someone at the beginning of their online entrepreneurial journey your videos are so full of great information and exactly what I need for future planning... I had no idea about these financial entities and possibilities, I'm feeling so empowered even though I haven't made a dime online yet 😏
Honestly, I think many, many people are understanding this is how business works; and quite frankly, it's starting to seriously anger people. The entire #TaxTheRich movement is basically centered around these principals. While the average Joe who can't afford a business vehicle is paying taxes on a used car that the previous owner already paid the taxes for, some rich person buys a RR Ghost with their business paying no taxes (or getting a very large tax write-off) and uses it as personal transportation, yet claims every trip as a business trip for even more tax write-offs. So poor Joe gets stuck using his personal car that he paid "extra" tax on for his small business that can't afford to buy a car to use as a tax write-off. Middle America is waking up to this and is aiming to change it.
Sorelle, I've been watching your photography video for a few years now and I just discovered your finance account as I've been getting more interested in it myself! So happy to get more quality content, keep it up!
Isn't this what's wrong with the world? To create millionaires and billionaires a lot people go hungry and will never have rights,trusts and offshore bank accounts are a curse on society not a positive
I wish you started this sooner but I guess it's never too late to change. You're changing lives Sorelle, from advanced selfies to actually giving me direction in my business. Thank you. The universe deserves you ❤❤❤❤
My perspective is this; who I am in society is a reflection of how I conduct both my private affairs as well as my public affairs. Who I am in the public (matrix), is my commercial status or entity with the IRS.
With you guys and this channel I feel I'm gonna be able to achieve my financial independence much sooner than I would assume ;) thank you, I love learning from you two
This video inspired me to finally read(audio) the book. I bought years ago & never got around it so I gave it away. Wish I hadn’t now. But thanks so much for all your knowledge🙌🏼 my goals are inspired by you so much 🥳
You explained this so well. I've heard this but I didn't understand what it could mean for me. Also, nice section on explaining on what this might mean if you want to live abroad.
Thank you SO MUCH for your generous videos. I’ve been planning and preparing for this journey for myself and those I’m taking along with me. It’s so awesome to know someone like you is in front putting it all into action. Thank you for sharing! ✨🙏✨
Hi Sorelle, First of all. I've been watching your vids for a few years. Love em. However, asset structuring for tax and business just happens to be my specialty so I thought I'd offer a little depth for anyone watching the vid. 1. You absolutely cannot leave income in a trust since any income not distributed is taxed at the highest possible rate. The trick is to plan your beneficiaries beforehand. 2. Simply using a home for filming doesn't 100% make it deductible. I'd recommend some kind of calculation done and kept in your files to at least acknowledge your private use of the home. The ATO rarely believe a 100% 'business use' case. 3. Love the point about buying property and tax residency. That's a huge thing that people forget when they want to 'give up' Australian tax residency. 4. One thing I do recommend is that you get an advisor to 'war-game' your tax scenarios depending on if you buy a property in your own name or in a separate entity. We do these regularly and the results are easily $10k a year savings on individual properties. I think the record was $55k difference in a single year on a single investment property. Love the video. I think you'll get more traction than a stuffy accountant like me but maybe we can collab if my channel gets noticeable enough in future.
There's a big difference about owning nothing and being happy and forming a corporation. I would suggest that you woke up the IMF and look up what Klaus Schwab has been saying... you just might want to choose different words. Trust me nobody's going to want to go through the great reset.
I can't help think of the great resets advertising that says "you will own nothing and you will be happy" when I hear Robert kiyosaki say it.. it makes sense. When the WEF says it, I'm suspicious
because you're brainwashed from both sides lol. Brainwashed by the conspiracists to be scared of anything the rich and powerful tell you, brainwashed by the gurus to believe anything they teach you.
Some great advice, as a DJ/music producer my gym membership, barbers and clothing bill all go under my business. I have to look my best on stage, in music videos and photos.
Hey Sorelle! Thanks for this great content. I would love more beginner videos! ❤️These are super interesting and great to learn of course, but I think in many countries, you need to be earning over a certain amount as an individual/sole trader in order to make it worthwhile operating as a company in the first place. Would love to see more tips to get to this point 🙏
I'm not sure why your videos appeared out of the blue in my TH-cam recommendations but these are superb videos that answer a lot of questions that otherwise float unanswered in my mind with a lot of valuable insights which sometimes go against the grain of 'commonplace' wisdom. I'll be recommending you to my children who are in their early twenties as I think your videos would be particularly valuable for young adults starting out in life. Thanks.
This is exactly correct. I know the Chic fi la family, and the way they owned 500+ cars was to place them under an "entity" with fleet insurance and low taxes.
They’re a company. Yes, everything they own should be actually owned by the company. You can even expense DEPRECIATION of a vehicle , IF you have a company! The rest of us just have an unrecoverable loss.
The rest of the tax on the company is paid by consumers through higher prices, or by workers through lower wages or less benefits or less available jobs, or by shareholders. That's the reality of taxing companies...
Sorelle - an extremely important item to point out for both yourself and everyone else is that you should always have each of your properties under a separate LLC/GmbH/et al - depending on the country you live in and never under one big LLC/company! we just use our address, ex: 123 Main St LLC, 321 Main St LLC, etc. It's ok to put them under one S or C Corp like an umbrella Holding Company, but all of the properties need to remain separate. There's also another protection option within the LLC and that's Equity Stripping.
Thank you for starting this channel. Finance tips and the how tos are really important for many people. We need these information. Quite a lot of people are losing jobs and the bank accounts is falling to 4 figures right now. No inflow of money. It's irritating....spending a lot of time learning strategies from the internet... Trying to look for something to sell online without cost... Some money should flow in instead of none because it feels hightly insecure. How to spend little to no cost to make money when someone is unemployed ?It's hard to find a job in the job market..Any tactics to make money by oneself without relying on an employer...? Your strategies and stories can inspire many people.. We need you. Please keep sharing and advising. Thank you very much!
I find myself waiting for your videos everyday even though I know its Tuesdays and Thursdays. Thank you so much for just being you sorrelle, you inspire me every day.
Yesterday I was wondering if there were accountants and lawyers especially for tax but from what you saying it turns out that there are!!! The fact that I figured out everything that you are saying by myself, I am so proud ♥️ again thanks for the immense amount of knowledge you give out to people and thank you for this video. 😊 . . . . . . . 7th May 2024 at 7:01 a.m. Tuesday
Sorelle talks about offshore tax accounts & playing the billionaires game without realising that their game is predicated on someone/thing LOSING. Whether that be lower socioeconomic groups or the environment - someone needs to do it tough so that a millionaire/billionaire can make a bit extra. The fact that taxes are used to fund wars is something I heartily disagree with. But it also funds things like disaster relief, public health and public education. While Sorelle praises the billionaires and herself for being able to hire $500 an hour accountants to use “legal loopholes” to reduce their tax to single digits, the rest of the world who are less privileged and unable to do that continues on. Maybe if companies like Apple paid tax in Australia people the music industry wouldn’t have to work for free to raise money after natural disasters - but go ahead Sorelle - keep promoting tax avoidance. O for sure, EVERYONE CAN HAVE WHAT BILLIONAIRES HAVE - the biggest lie.
I really don't understand why most of "financial tips" are just ways to escape taxes ... Taxes are vital to a country, why try to pay less taxes when you already have a comfortable life ???
So what are you saying? That if you live comfortable that you should have to pay taxes even when you don't have to? There are likely things you yourself can write off if you check with your tax guy. That what I do. Because if one does not live comfortable it very well could be that one of the reasons for it is because they pay too much on taxes when they don't have to. Don't get me wrong. There will be those that take advantage of the system cheating like those people getting state assistance when they don't need it. But writing things off on your taxes is not escaping taxes. Like....I can't write off my cigarettes or my Bic lighter. Can't write off my Sneakers but I can write off my $200 work boots and the boots I buy my employees. Hard hats and gloves and all that add up and businesses suffer inflation too. We ain't all Samsung or FaceBook. The more you make the more the Man wants. The government wants what is in your pockets. You don't need to own a company to write things off. Most people just don't look into what they can write off. And lets be real...the government would never contact you and report that if you did this that and the other it could save you money in taxes. Thats your job in their eyes. I had a job once where I wrote my gas off because I had to travel for work. The government pays for these things because when you have gas to travel for work and when you have hard hats and gloves and things you use for working then you are gonna work thus making an income and paying taxes. You can write your tools off. They are not paying for it out of kindness. They are paying for it so that you can work and continue paying taxes. I live a comfortable life. I would not if I had to pay for everything. I can't skip taxes. Amazon and Netflix can skip taxes for years and owe the Federal gov billions. I would call that escaping taxes because thats illegal and not allowed. Writing things off that you use in order to make a living is legal and allowed. You should try it.
Your channel has truly changed my life. i've been studying and researching about crypto for a while now and i got stuck at some point on the learning curve. now i can say I am truly improving my understanding of this whole new world and making great profit weekly, all thanks to you
Love you and your videos!! I am 24 and trying to accumulate as much financial knowledge as possible and your videos have so much value!😊 I would love it if you could speak about which should be the first property investment! Me and my boyfriend are planning on moving together and are reluctant on which type of house to live in (rent or buy own house)! Thank you very much for your content!😊
People who count money in millions and thousands already know how to run as a company. I was a LTD in UK. Annual fee ~17 pound. Now i want to register in US and i read: "Finally, having an LLC means you are also required to pay ongoing fees. The California LLC fee schedule includes a California LLC annual fee, which is $800 annually, and is due within 3.5 months of forming your LLC and then every April 15th thereafter." So if you still measure money in "dollars" and "cents" then company out of reach, once count goes on "thousands" and "dollars" then yeah, of course all on company expenses, i miss it a lot.
@@sabias3932 Agreed! However, in this situation, I would argue that this channel is a special case where Sorelle frequently uses the word "us"/"we" and consistently highlights the work Leon has done for their business
This is awesome! I've always wanted to understand all these financial slang to benefit my pocket but just couldn't figure it out. This is clear as the Caribbean water where you can see those amazing colorful fishes! Thank you for turning financial talk into cool talk, greetings from Argentina (we know how to create new forms of taxes for sure)
Thank you for this easy to watch and understand video. Sometimes we get carried away so much with creating stuff, hunting financial success that we forget to build a structure for the success
Great info, thank you Sorelle and Leon for sharing this with us, at the moment I cannot leave my 9-5 job, as that helps me to execute a couple of my plans, but I can learn and try to do something outside of the regular job and hopefully one day that will become my dream life. Have a wonderful evening.
I feel conflicted about these financial methods as they lean heavily into capitalism systems. The saying "there is no ethical consumption under capitalism" keeps ringing in my ears. These methods are very individualistic and don't help the collective. It's interesting to watch these videos but I don't know if this route is for me.
"There isn't a single class, course or workshop sold on these internet streets that will truly teach those most pushed and kept on the margins how to heal their 'money wounds,' or how to be 'abundant,' because that's not the problem. We must all understand that money, and not having access to it, isn't an individual problem to be fixed...it's a systems problem that needs to be eradicated. What we call money wounds or money trauma is forced upon black and brown people [and many others] and carried through generations as a way to uphold systems and keep power in place.'' - Toi Smith
I agree. These videos are trending toward generic existing power narratives. Seeing Kiyosaki in the thumbnail and hearing her use Warren Buffet's 'frugality' as a thing to model is disappointing. These pat stories and false 'idols' never reveal the full truth - which is exactly what they're designed to do (provide cover). We know these kinds of narratives already; they are cousins to used-car salesmen. I'm looking for those with courage to speak something new.
Communism has wrecked every country it has been applied. It doesn’t work in the real world, has led to starvation and mass murder. It’s crazy to keep going in the same vein
I don't know were you live. But in my country almost every single person is trying to rip you off, even the child begging in his underwear. We cannot fight each and everyone of them. That's why my philosophy is to always help other after I've helped myself.. Because even if I pay my taxes it'll be going to corrupt politician, so I rather keep all of my money legally or illegally doesn't really matter and help people on my own accord.
Thank you so much for this, Sorelle!! You have a way of making topics that once felt intimidating, feel more attainable (or at least make sense). So grateful for this channel. :)
Sure let's promote rich people trying to find loopholes to pay as little tax as possible while most of people struggle paycheck to paycheck. Poor people are the most taxed group in our society. Sorelle talks a lot about obtaining freedom and going against "the system" yet what she does it just support this system of exploitation :( Taxes exist for a reason - they pay for things everybody uses: roads, infrastructure, schools, education etc.
@Buddy big business hands out only a small percentage to its employees (I mean beside the CEOs etc). And without those employess "contributing the least" no company and no society could function. Yeah, maybe being a common Amazon warehouse worker does not require a lot of skill but without them Amazon could not exist so they should be paid a decent wage and Jeff Bezos should pay his taxes which he often does not... Tax evasion should be considered a serious crime and not something to be proud of
I love this channel and this video was insightful and interesting. However I feel these videos so far have mostly been directed to higher income fellows.. I am eagerly looking forward whether you're gonno make sth for those who are still struggling and wanting to find a way out of these dark tunnels of slave-work trap.
Isn’t this exactly the structure that makes business criminals immune to prosecution and invisible to the rest of us? Think bank bailouts and recurring environmental catastrophes with no accountability, think exploited workers with no legal agency, I’m starting to feel ill… This person is so wound up it doesn’t look like the intrinsic benefits of a rightly lived life have made an impression on her yet. I watch this video because I don’t understand the idea of ownership or propriety in general. But this is just spooky.
Very thankful for this video!! And big up to Leon for that masterpiece newsletter!! I guess that’s the only one i really read from a youtube channel!! 🌍🕊
Wow!! Most of what you said went over my head, so I subscribed and will be here for more, to learn 😎 you seem like a very smart woman, thank you for the advice you give!!
Did this video surprise you?
If you haven't yet signed up for the discounted pre-sale of our membership (it ends soon) you can here: jointheorder.co/
I'm ready to see what this new course is!
Me!
I am proud to say I am NOT surprise as I have already done and have researched many of these things you recommend.
This information is vitally important. It’s not just a philosophy, it is a tangible reality; and this explains so much!
I am looking forward at you have next. Thank you taking me on this journey with you!
Blessing!
"So, if i own 6 properties in 2 cities, i cant buy a G-Wagon with the company name ??? how am i suppose to get to my 6 properties often?? the G-Wagon is not for my pleasure, its for business!"
do you think they will fall for that?
You make success and wealth feel obtainable. Thank you!
Because I really believe it is 💗🔮
No it's not.
It's not "obtainable" as you say. It depends on how much wealth you are looking at.
Building wealth that is over the populations average, needs you to do things that are over the average occupation - better than >~85% of population.
Means your job or occupation must be at least better than the 2/3 of people you cross in your city.
And perhaps that 90% of the 1/3rd have the best paying jobs or occupation because they have benefited from the best education.
And a large chunk of them, their exceptional education has been pushed and sponsored by rich parents.
So yes, it is obtainable if you recognize yourself as already part of the upper class, and you have had an exceptional education.
And there is a last determining factor, apart from checking all of the other boxes, you also need to do very hard work for years and years, save a lot, and do some well thought real estate investments along the way.
Given all that, yes it is obtainable. But if you talk from a very large majority of people, absolutely NOT obtainable.
And it's probably not looking at this girl that you'll get any nearer that goal.
easier said than done. If you don't put the work in, nothing will be achieved in your life. Less dreaming and more action
@@MrErick1160 You make common sense for simpletons like myself feel obtainable. Thank you!
@@MrErick1160 Spending & investing habits that you mentioned are by FAR the most important factor over a life time. Many high earners simply increase their regular spending, leaving them with no more investments than a typical low earner. Of course, greater earnings provide better opportunities; however, poorer origins often teach more disciplined spending habits than starting out in a wealthier family setting. Ultimately, it is up to each individual to figure out their own goals & how reach them.
I really do NOT think _this_ what Klaus Schwab meant when he said "You'll own nothing and you'll be happy."
Nope he just wants to enslave the human race. Literally. Biblical literal. Straight up wants to chip you.
The idea is the stakeholders mentality, most people are not stake holders, so they technically will own nothing!
ItS ALREADY LIKE THAT NOW !!!!!
WE HAVE ALWAYS ONLY HAD 1 GOVERNMENT and 1 RELIGION
in the HOLY ROMAN EMPIRE
@@je-freenorman7787 The one true religion is paganism! Hail Odin!
@@kycklingklubba5749 Odin was nasty you moron
Wednesday is Odins day
Odin is also the planet Mercury
As a young girl still in high school I love learning about finances!! Your channel makes it 10X more fun! I love your enthusiasm & excitement!!
Oh thanks! I'm so happy to hear that.
It is just a game and if you know the rules - you can win BIG! It is hacking the system and it is sooooo fun :-)
You're an intelligent young woman.
This is so beautiful
You have learned nothing
You have been indoctrinated
Money is paper with your cult leaders face on it
Its called Heraldry
Money has no value
The rulers use it for their control over you
to control the human value
Good reminder that you can actually negotiate with banks, insurance companies and others. People do not realize it, but almost ANYBODY will negotiate the price. I negotiated with a bank to pay of my credit card WITHOUT losing my credit rating (saved about 30K) and we have negotiated with insurance companies (4K/year in savings) for insuring business vehicles, phone companies ($100 off per month) etc. So, just remember people, EVERYTHING is a contract and you can negotiate anything. Just learn to say "what is the best price you can offer me..." or do your homework and tell them that somebody else will do some service cheaper and a lot of people will negotiate with you... No company, govt department (even tax department will negotiatie in some areas) and business will consider it something unusual...
You don’t negotiate insurance in USA, rates are set and submitted to the states insurance commission. This is how they avoid discrimination, rates are set based on variety of factors the computer algorithm determines. If you “negotiated” you negotiated yourself into less coverage or higher deductibles. Everything else is illegal and there’s no way to do it.
@@brad1367 She's not wrong. Businesses can negotiate insurance group rates for their employees because they hold the promise of giving the insurance company a lot of customers, but an individual doesn't have that power. Besides, most states only have a couple of insurance companies that work within that state, so there isn't much competition. If the feds ever allow insurance companies to sell across state lines, then we'll see some action.
*“The best time to plant a tree was 20 years ago.* *The second best time is now.”* try planting something.
What about 19 years ago?
Interesting that she has a dead tree carcass as home decor.
A pension ? This is simply a pot for the demons in charge to constantly plunder - blaming anything but them
Gold or silver is the only thing to plant
Rockerfella is the devil incarnate
I run a small development company and will say this is all great advice. Also owning your primary house in your own name is usually much cheaper at least here in the states. The difference between a primary home owner mortgage and a company owned mortgage is around 1.25% on the interest rates.
This low-key blew my mind. Literally just realizing that celebs out here buying planes and getting nip/tucks could absolutely (probably) get it tax-free and could realistically continue to do this as long as their business can afford it...
I’m prepping to start my journey of being an online content creator/entrepreneur. In the meantime I’m trying to get a good handle on my finances so I can understand what I need to do to plan for my future. Until now, I’ve had trouble learning about finances and staying engaged. Your content really resonates with me, I think because our life goals are similarly aligned. Really excited that you’ve started this educational journey and fully intend to be here for all of this valuable advice!
Thanks for being here!
As a fresher straight out of college who's stepping into the real world, your finance videos are so so so helpful I can't thank you enough! Love you ❤️
Aw, thanks so much! So glad to hear that these videos are making an impact.
You are now confused
You will never be free
you are governed
she is not entirely wrong but, she has left most of it out
Do not do what she is saying
that is how they make slavery , normal
Kiyosaki had one good book but nowadays he’s gone insane. He tweets constantly about the stock market and that people should hold gold and silver. He’s been wrong about every single stock market crash prediction in the last 10+ years.
He should speak to his philanthropy considering how "rich" he is.
Definitely comes across as a greedy person
Owning gold & silver is not insane. But they are as useless as other assets if they become irrelevant.
Imho Kiyosaki is in with the big boys and is telling people to invest in the wrong products, so he can buy the ones they divest very cheaply.
@@senor2930 gold has been wanted for 4000 years. How is no one going to want it?
Take his advice with a grain of salt, if it doesn’t suit you 🤷🏽
I love this so much! My wife and I have been long-time fans of yours. We have a wedding company that makes over 100 a year. We took our profits and bought 2 buildings in a little town in the USA. 1 of the buildings has 2 renters and we installed a coffee and plant shop in the other. Right now we are paying down as much debt as we can and we are preparing to be able to live abroad and grow more online. Your new content is exactly where we are at in life right now. I am so thankful for this channel and all of the information you are sharing! We are very inspired by you and can't wait to truly be free from debt!
I love your energy!!! Being the founder/CEO of a non-profit and owning 3 businesses (to support it) I can say you are spot on! Keep up the good work.
Do you teach what you've learned?
these videos are so refreshing! Way beyond the live frugal and save until retirement. Thanks!!!
Thanks so much!
It's like the next step!
Saving is for suckers! The rich don't save they invest.
It's crazy that a haircut for your business is tax-deductible, but if an employee gets a haircut for their job it's not tax-deductible. The cost incurred for doing a job such as a wardrobe, gas, or daycare should all be tax-deductible in my opinion.
Tax deductions are more like rewards for risk taking, i.e., running a business. Employees don't need to bear as much of a risk to make a living, hence why they don't get tax deductions on most things. Many employees aren't willing to take the financial risk of starting a business.
@@eat_ze_bugs employees are taking a risk working for you. Putting their trust into your success , if you mess it up. The employee is also out of a job. The employee most certainly should have the same benefits as the owner
@@lordeverybody872 You are free to go start a business, and let your employees have the same benefits as you the owner :))
Joke aside, if I'm your employee, I'm not even want to have the same benefit with you without bring any valuable to your business like capital, rare skills, or introduce people who have those.
ESPECIALLY this year with SO many people working from home! I spent $1000 on setting up a remote job/ office and I can’t deduct ANY of it!
@@lordeverybody872 or at minimum some form of deduction. The employee has to conduct themselves in a certain manner to benefit the employer. In the U.S. (just before cofefe) if you worked from home even for another company you could deduct a portion of the use of your home as a deduction. Just before cofefe the Rrump administration did away with that. Now only the company you work for is entitled to any deductions. Talk about a tell hmmmm? 🤔
that whistling at 8:02 is so perfect I'm speechless
I ABSOLUTELY LOVE THAT YOU PUT CHAPTERS IN YOUR VIDEOS 💕
I'm glad you explained why your hair changes so much. I had been wondering why, and now I definitely need to get my wife to be the face of a company so she can write off all her different hairstyles.
I learned that success demands habits. You don’t just get up one day and do something and expect success, it’s something that you do everyday until you achieve success. That’s why you need to choose something that you love so that you can enjoy the ride.
Thanks to your videos I’m planing on helping my dad with his business, he has absolutely everything under his name, Im researching a lot about my country’s laws and taxes so he can retire and be more financially independent. Love your videos and that you are sharing all this valuable information! ❤️❤️
Glad to hear you're finding value! And yes, it's likely NOT a good idea to have everything in his personal name for business.
since I've discovered your channel, I'm addicted to it, keep the good work!
Absolutely love it! I've literally yesterday have put a note that I need to clean up my assets and get updated financial education. Love how the universe works for me for the last few weeks especially. Great content!
Yes manifestation! Bring on the abundance! 🥳
Your enthusiasm is contagious! You give hope!
I love your enthusiasm Sorrelle! You have a gift for explaining very boring subjects in a fresh interesting way.I am learning so much👍
Spotted the little harp. Nice touch! Very informative content, always to the point with no time to waste, I like this.
Amazing advice and wonderful delivery. You're such a charismatic presenter.
As someone at the beginning of their online entrepreneurial journey your videos are so full of great information and exactly what I need for future planning... I had no idea about these financial entities and possibilities, I'm feeling so empowered even though I haven't made a dime online yet 😏
Honestly, I think many, many people are understanding this is how business works; and quite frankly, it's starting to seriously anger people. The entire #TaxTheRich movement is basically centered around these principals. While the average Joe who can't afford a business vehicle is paying taxes on a used car that the previous owner already paid the taxes for, some rich person buys a RR Ghost with their business paying no taxes (or getting a very large tax write-off) and uses it as personal transportation, yet claims every trip as a business trip for even more tax write-offs.
So poor Joe gets stuck using his personal car that he paid "extra" tax on for his small business that can't afford to buy a car to use as a tax write-off. Middle America is waking up to this and is aiming to change it.
Sorelle, I've been watching your photography video for a few years now and I just discovered your finance account as I've been getting more interested in it myself! So happy to get more quality content, keep it up!
Isn't this what's wrong with the world? To create millionaires and billionaires a lot people go hungry and will never have rights,trusts and offshore bank accounts are a curse on society not a positive
I wish you started this sooner but I guess it's never too late to change. You're changing lives Sorelle, from advanced selfies to actually giving me direction in my business. Thank you. The universe deserves you ❤❤❤❤
Excited to hear your thoughts on this videooooo! :)
What sort of Qs should one ask an accountant? Can you recommend someone in Aus?
You can ask them how much money are you gonna take from me for counting
My perspective is this; who I am in society is a reflection of how I conduct both my private affairs as well as my public affairs. Who I am in the public (matrix), is my commercial status or entity with the IRS.
Are you the same person? Why the other channel has over 1 million subscribers.
With you guys and this channel I feel I'm gonna be able to achieve my financial independence much sooner than I would assume ;) thank you, I love learning from you two
You can do it! And thanks for being here.
This video inspired me to finally read(audio) the book. I bought years ago & never got around it so I gave it away. Wish I hadn’t now. But thanks so much for all your knowledge🙌🏼 my goals are inspired by you so much 🥳
I can listen to you all day, but more importantly you make everything that you are teaching sounds doable. Thank you.
I can remember my ex-wife learning I owned nothing. No property, no savings. She had no idea I was worthless. Maybe just the car
worthless
You explained this so well. I've heard this but I didn't understand what it could mean for me. Also, nice section on explaining on what this might mean if you want to live abroad.
HUGE concept that few people realize! Great video! 🔥
Appreciate it! Thanks for watching.
Sorelle: you should own nothing to be happy
Also sorelle: wears a different expensive designer outfit in every video
Thank you SO MUCH for your generous videos. I’ve been planning and preparing for this journey for myself and those I’m taking along with me. It’s so awesome to know someone like you is in front putting it all into action. Thank you for sharing! ✨🙏✨
Another famous saying is "The easiest way to become rich is by claiming you can show others how to be rich."
Hi Sorelle,
First of all. I've been watching your vids for a few years. Love em.
However, asset structuring for tax and business just happens to be my specialty so I thought I'd offer a little depth for anyone watching the vid.
1. You absolutely cannot leave income in a trust since any income not distributed is taxed at the highest possible rate. The trick is to plan your beneficiaries beforehand.
2. Simply using a home for filming doesn't 100% make it deductible. I'd recommend some kind of calculation done and kept in your files to at least acknowledge your private use of the home.
The ATO rarely believe a 100% 'business use' case.
3. Love the point about buying property and tax residency. That's a huge thing that people forget when they want to 'give up' Australian tax residency.
4. One thing I do recommend is that you get an advisor to 'war-game' your tax scenarios depending on if you buy a property in your own name or in a separate entity.
We do these regularly and the results are easily $10k a year savings on individual properties. I think the record was $55k difference in a single year on a single investment property.
Love the video. I think you'll get more traction than a stuffy accountant like me but maybe we can collab if my channel gets noticeable enough in future.
You make listening to finance talk so fun and easy to understand! Love it! 🙌🏻
There's a big difference about owning nothing and being happy and forming a corporation. I would suggest that you woke up the IMF and look up what Klaus Schwab has been saying... you just might want to choose different words. Trust me nobody's going to want to go through the great reset.
This is exactly what I thought when I saw the title of the video. The Great Reset is very real, and it's already in motion. Prepare accordingly.
What did he say ? Can you explain some more ?
I thought the same thing .....Thinking you will own nothing and be happy says people who own and control everything!
Do you want the State to have ownership and control of your property, or do you want to create a Trust to own the property that you control?
I thought the same thing as soon as I read the title!
A forever switched on girl. Best wishes for continued endless energy 😊
I love this channel... I just binge watched the whole thing 😂 thank you for sharing your knowledge!
Welcome!! Absolute pleasure to have you here :)
this page is better than any bussiness course that i've bee on thank you Sorelle
WOOOHOOO!
I can't help think of the great resets advertising that says "you will own nothing and you will be happy" when I hear Robert kiyosaki say it.. it makes sense. When the WEF says it, I'm suspicious
because you're brainwashed from both sides lol. Brainwashed by the conspiracists to be scared of anything the rich and powerful tell you, brainwashed by the gurus to believe anything they teach you.
@@007Sylvester007 That's only if you don't have critical thinking skills.
Exactly, UN Agenda 2030 and the promo story is still on WEF site
Some great advice, as a DJ/music producer my gym membership, barbers and clothing bill all go under my business. I have to look my best on stage, in music videos and photos.
Hey Sorelle! Thanks for this great content. I would love more beginner videos! ❤️These are super interesting and great to learn of course, but I think in many countries, you need to be earning over a certain amount as an individual/sole trader in order to make it worthwhile operating as a company in the first place. Would love to see more tips to get to this point 🙏
I'm not sure why your videos appeared out of the blue in my TH-cam recommendations but these are superb videos that answer a lot of questions that otherwise float unanswered in my mind with a lot of valuable insights which sometimes go against the grain of 'commonplace' wisdom. I'll be recommending you to my children who are in their early twenties as I think your videos would be particularly valuable for young adults starting out in life. Thanks.
Same!thank you TH-cam❤️
This is exactly correct. I know the Chic fi la family, and the way they owned 500+ cars was to place them under an "entity" with fleet insurance and low taxes.
They’re a company. Yes, everything they own should be actually owned by the company.
You can even expense DEPRECIATION of a vehicle , IF you have a company! The rest of us just have an unrecoverable loss.
Awesome video, great info. That whistle at 8:02 made me LOL
The rest of the tax on the company is paid by consumers through higher prices, or by workers through lower wages or less benefits or less available jobs, or by shareholders.
That's the reality of taxing companies...
I love that your shirt looks like a revolutionary War American overcoat . Super cool , awesome video .
Such a banging video!
Thank you, Sorelle! You are seriously SUCH a gift.
Girl! I just read The Richest Man in Babylon, so good!!!
Yesss!!! I love it!!
Sorelle - an extremely important item to point out for both yourself and everyone else is that you should always have each of your properties under a separate LLC/GmbH/et al - depending on the country you live in and never under one big LLC/company! we just use our address, ex: 123 Main St LLC, 321 Main St LLC, etc. It's ok to put them under one S or C Corp like an umbrella Holding Company, but all of the properties need to remain separate. There's also another protection option within the LLC and that's Equity Stripping.
Thank you for starting this channel. Finance tips and the how tos are really important for many people. We need these information. Quite a lot of people are losing jobs and the bank accounts is falling to 4 figures right now. No inflow of money. It's irritating....spending a lot of time learning strategies from the internet... Trying to look for something to sell online without cost... Some money should flow in instead of none because it feels hightly insecure. How to spend little to no cost to make money when someone is unemployed ?It's hard to find a job in the job market..Any tactics to make money by oneself without relying on an employer...? Your strategies and stories can inspire many people.. We need you. Please keep sharing and advising. Thank you very much!
I love it! Keep dropping nuggets Sorelle 🚀
Your trying to detract from what Klaus Schwab said " you'll own nothing and be happy" a blatant threat......big difference
Ya
Hahaha yes, Klaus Schwab needs to go live on his own private island (don't know if he has one but I guess) and shut the f* up. 😂😂
I find myself waiting for your videos everyday even though I know its Tuesdays and Thursdays. Thank you so much for just being you sorrelle, you inspire me every day.
This was sooooo helpful!!! Especially since I'm planning to get multiple citizenships in the next few years to own multiple entities. Thanks Sorelle!
Love it!
Yesterday I was wondering if there were accountants and lawyers especially for tax but from what you saying it turns out that there are!!! The fact that I figured out everything that you are saying by myself, I am so proud ♥️ again thanks for the immense amount of knowledge you give out to people and thank you for this video. 😊
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7th May 2024 at 7:01 a.m. Tuesday
From what monthly benefit did you decide to hire a tax lawyer? i´m really curious about it, and thank u so much for sharing the knowledge! :D Namaste
Great video. You're a machine! absolutely loved your rapid fire delivery. All the stuff that matters and straight to the point. Great work.
Sorelle talks about offshore tax accounts & playing the billionaires game without realising that their game is predicated on someone/thing LOSING. Whether that be lower socioeconomic groups or the environment - someone needs to do it tough so that a millionaire/billionaire can make a bit extra.
The fact that taxes are used to fund wars is something I heartily disagree with. But it also funds things like disaster relief, public health and public education. While Sorelle praises the billionaires and herself for being able to hire $500 an hour accountants to use “legal loopholes” to reduce their tax to single digits, the rest of the world who are less privileged and unable to do that continues on. Maybe if companies like Apple paid tax in Australia people the music industry wouldn’t have to work for free to raise money after natural disasters - but go ahead Sorelle - keep promoting tax avoidance. O for sure, EVERYONE CAN HAVE WHAT BILLIONAIRES HAVE - the biggest lie.
4:12 literally pulled a Boris Johnson there lol. Love it!
I really don't understand why most of "financial tips" are just ways to escape taxes ... Taxes are vital to a country, why try to pay less taxes when you already have a comfortable life ???
You must be an idiot to think that way.
In real truth, the majority goes to Britain 😉
So what are you saying? That if you live comfortable that you should have to pay taxes even when you don't have to? There are likely things you yourself can write off if you check with your tax guy. That what I do. Because if one does not live comfortable it very well could be that one of the reasons for it is because they pay too much on taxes when they don't have to. Don't get me wrong. There will be those that take advantage of the system cheating like those people getting state assistance when they don't need it. But writing things off on your taxes is not escaping taxes. Like....I can't write off my cigarettes or my Bic lighter. Can't write off my Sneakers but I can write off my $200 work boots and the boots I buy my employees. Hard hats and gloves and all that add up and businesses suffer inflation too. We ain't all Samsung or FaceBook. The more you make the more the Man wants. The government wants what is in your pockets. You don't need to own a company to write things off. Most people just don't look into what they can write off. And lets be real...the government would never contact you and report that if you did this that and the other it could save you money in taxes. Thats your job in their eyes. I had a job once where I wrote my gas off because I had to travel for work. The government pays for these things because when you have gas to travel for work and when you have hard hats and gloves and things you use for working then you are gonna work thus making an income and paying taxes. You can write your tools off. They are not paying for it out of kindness. They are paying for it so that you can work and continue paying taxes. I live a comfortable life. I would not if I had to pay for everything. I can't skip taxes. Amazon and Netflix can skip taxes for years and owe the Federal gov billions. I would call that escaping taxes because thats illegal and not allowed. Writing things off that you use in order to make a living is legal and allowed. You should try it.
Because the rich don't do it, why do we have to?
Greed
Freedom is just another word for nothing left to loose...except personal choice
Honestly the less stuff we have the more we LIKE that stuff. I’ve been selling and donating like crazy over the last year. So satisfying.
Your channel has truly changed my life. i've been studying and researching about crypto for a while now and i got stuck at some point on the learning curve. now i can say I am truly improving my understanding of this whole new world and making great profit weekly, all thanks to you
Love you and your videos!! I am 24 and trying to accumulate as much financial knowledge as possible and your videos have so much value!😊 I would love it if you could speak about which should be the first property investment! Me and my boyfriend are planning on moving together and are reluctant on which type of house to live in (rent or buy own house)! Thank you very much for your content!😊
More on property coming in the very near future!
People who count money in millions and thousands already know how to run as a company. I was a LTD in UK. Annual fee ~17 pound.
Now i want to register in US and i read:
"Finally, having an LLC means you are also required to pay ongoing fees. The California LLC fee schedule includes a California LLC annual fee, which is $800 annually, and is due within 3.5 months of forming your LLC and then every April 15th thereafter."
So if you still measure money in "dollars" and "cents" then company out of reach, once count goes on "thousands" and "dollars" then yeah, of course all on company expenses, i miss it a lot.
It's crazy how much information you two have dropped into our laps in such a short amount of time. I can't believe this is just the beginning lol.
.. two ppl?
.. who ?
its not the beginning at all
Not anywhere near
This is called slavery and you are just accepting it as normal
@@sabias3932 Agreed! However, in this situation, I would argue that this channel is a special case where Sorelle frequently uses the word "us"/"we" and consistently highlights the work Leon has done for their business
Thank you Sorelle! 🌻 This video exactly answers the question I left in the comment section of last weeks video.
Glad we could answer it for you :)
This is awesome! I've always wanted to understand all these financial slang to benefit my pocket but just couldn't figure it out. This is clear as the Caribbean water where you can see those amazing colorful fishes! Thank you for turning financial talk into cool talk, greetings from Argentina (we know how to create new forms of taxes for sure)
Listened to the whole thing. This is wonderfully laid out and presented perfect. Thank you!
Thank you for this easy to watch and understand video. Sometimes we get carried away so much with creating stuff, hunting financial success that we forget to build a structure for the success
Great info, thank you Sorelle and Leon for sharing this with us, at the moment I cannot leave my 9-5 job, as that helps me to execute a couple of my plans, but I can learn and try to do something outside of the regular job and hopefully one day that will become my dream life.
Have a wonderful evening.
I feel conflicted about these financial methods as they lean heavily into capitalism systems. The saying "there is no ethical consumption under capitalism" keeps ringing in my ears. These methods are very individualistic and don't help the collective. It's interesting to watch these videos but I don't know if this route is for me.
"There isn't a single class, course or workshop sold on these internet streets that will truly teach those most pushed and kept on the margins how to heal their 'money wounds,' or how to be 'abundant,' because that's not the problem. We must all understand that money, and not having access to it, isn't an individual problem to be fixed...it's a systems problem that needs to be eradicated. What we call money wounds or money trauma is forced upon black and brown people [and many others] and carried through generations as a way to uphold systems and keep power in place.'' - Toi Smith
I agree. These videos are trending toward generic existing power narratives. Seeing Kiyosaki in the thumbnail and hearing her use Warren Buffet's 'frugality' as a thing to model is disappointing. These pat stories and false 'idols' never reveal the full truth - which is exactly what they're designed to do (provide cover). We know these kinds of narratives already; they are cousins to used-car salesmen. I'm looking for those with courage to speak something new.
Communism has wrecked every country it has been applied. It doesn’t work in the real world, has led to starvation and mass murder. It’s crazy to keep going in the same vein
Well if you can’t see the obvious benefits of capitalism, you could always join a commune.
I don't know were you live. But in my country almost every single person is trying to rip you off, even the child begging in his underwear. We cannot fight each and everyone of them. That's why my philosophy is to always help other after I've helped myself.. Because even if I pay my taxes it'll be going to corrupt politician, so I rather keep all of my money legally or illegally doesn't really matter and help people on my own accord.
Thank you for taking time off from your marching band practice to make this video. ;) It was generally informative.
Thank you so much for this, Sorelle!! You have a way of making topics that once felt intimidating, feel more attainable (or at least make sense). So grateful for this channel. :)
I was just thinking about this and you today and here you are popping on my feed with some more financial advice! thank you!
Another means, own everything without anybody knowing it.
I would imagine that would be hard to do in this day and age, right? Esp Aus.
seemed like a clickbaity tiltle to me but this video offered so much more information that i would expect from the title!! i loved this thank you :D
Sure let's promote rich people trying to find loopholes to pay as little tax as possible while most of people struggle paycheck to paycheck. Poor people are the most taxed group in our society. Sorelle talks a lot about obtaining freedom and going against "the system" yet what she does it just support this system of exploitation :( Taxes exist for a reason - they pay for things everybody uses: roads, infrastructure, schools, education etc.
@Buddy big business hands out only a small percentage to its employees (I mean beside the CEOs etc). And without those employess "contributing the least" no company and no society could function. Yeah, maybe being a common Amazon warehouse worker does not require a lot of skill but without them Amazon could not exist so they should be paid a decent wage and Jeff Bezos should pay his taxes which he often does not... Tax evasion should be considered a serious crime and not something to be proud of
Wow Sorelle, all of your content is just great. I really needed a channel like this. Thanks for making it!
I love this channel and this video was insightful and interesting. However I feel these videos so far have mostly been directed to higher income fellows.. I am eagerly looking forward whether you're gonno make sth for those who are still struggling and wanting to find a way out of these dark tunnels of slave-work trap.
this!! would love some advice on the very same😅
Thank you Sorelle 🙌 This video is amazing and you are awesome!
Isn’t this exactly the structure that makes business criminals immune to prosecution and invisible to the rest of us? Think bank bailouts and recurring environmental catastrophes with no accountability, think exploited workers with no legal agency, I’m starting to feel ill…
This person is so wound up it doesn’t look like the intrinsic benefits of a rightly lived life have made an impression on her yet.
I watch this video because I don’t understand the idea of ownership or propriety in general. But this is just spooky.
Very thankful for this video!! And big up to Leon for that masterpiece newsletter!! I guess that’s the only one i really read from a youtube channel!! 🌍🕊
Glad you enjoyed it! And yes, the newsletter is AWESOME.
The clearest explanation Ive heard in awhile !! : }
Brilliant 💗🔮
I've been researching how to invest every night for a couple weeks, this was a nice summary.
Oh nice! Research is key... this stuff can be so confusing, depending on where in the world you live.
Wow!! Most of what you said went over my head, so I subscribed and will be here for more, to learn 😎 you seem like a very smart woman, thank you for the advice you give!!
The Great Reset Ladies and Gentlemen.
You are really great to look at/listen to. I'm lovin' it!!
You're smashing it!
Well...I'm already started with the owning part, working on the rich one
So helpful! I love your content and appreciate you sharing so much value!