In this episode of The Investor's Guide to Joy, host Paul Graham and Stacy Calvin dive into essential financial strategies for business owners and high-income earners. They explore the benefits of diversifying investments through syndications, optimizing entity structures for tax efficiency, and leveraging income-shifting techniques. Stacy also shares actionable insights on liability protection, proactive financial planning, and the importance of aligning financial decisions with long-term goals.

The value of working with a knowledgeable CPA and provides tips for choosing the right one based on experience, qualifications, and strategic approach. Stacy debunks common myths about tax preparation and highlights how proactive planning can maximize deductions, reduce liabilities, and enhance financial outcomes. Packed with practical advice, this episode is a valuable resource for anyone seeking to optimize their finances and elevate their success.

Highlights of the Podcast

00:08 - Introduction

01:59 - Guest Introduction

02:58 - Investing Personally vs. Through a Business

07:28 - Top Strategies for Larger Businesses

11:58 - Finding the Right CPA

14:21 - Debunking Tax Myths

15:36 - Tax Strategies for Business Owners

17:32 - Real Estate Rules and Myths

20:06 - Trusts and Tax Misconceptions

23:34 - The Importance of Year-End Planning

27:04 - Best Practices for Six-Figure Earners

30:17 - Tailored Strategies for Seven-Figure Earners

31:31 - Diversifying Lifestyle Investments

32:41 - Tax Strategies for High-Income Earners

35:05 - Choosing the Right CPA

38:56 - CPA Fees: Value vs. Cost

44:47 - Mindset Shift: "Knowledge is Power"

45:34 - Closing Remarks