Create an Inspired Legacy and Save Taxes

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If I may boast just a bit, the workshop last Saturday was a smashing success and I want to thank those who attended. One of the outcomes that is most important to people like Ken Druck and I in presenting our message and content is the value we bring to others. That is the measure of success. It is not about the ego of the presenter. Based on results, the value that people received from sharing a mutual experience and the feedback we received, was that healing and harmonizing our purpose, vision and values with our family to create lasting wealth and an inspired legacy is deeply desired just as much now as it has ever been in the past. It was a pleasure to have Ken and his discussion of the impact of the emotional and psychological parts of building, protecting and preserving wealth. This reality is as relevant as ever and no amount of pure tax planning can ever change that if proper communication fails then the plan most likely will fail.

The Senate passed a bill to tax Internet Sales. I have been mentioning that our country is in an economic mess. When people treat their own finances the way this country has they end up in bankruptcy. People can’t just print money. It is so clear to me that only until the economic engine begins to hum again will interest rates spike and the money faucet will be turned off. We are now almost 5 years from the financial collapse. Japan took 10 or more to get out of its mess and Europe is right back in recession with Cypress, Italy, France and Spain still in an economic quagmire.

What I find most ironic is that this great country was founded on a revolution against taxes. Liquor, stamp and other taxes imposed by the Crown. And here we stand being subjected to the same draconian, devastating, oppressive taxes that fomented a revolution. Now, of course, starting a revolution would be just a bit impossible today with the enormous resources of government, but here is a thought. There is nothing in the Constitution that requires you to pay any more in taxes than you are legally obligated. Let me say that again. There is no rule or law that says that you have to pay any more than you are legally obligated to pay. So wouldn’t it be beneficial to look at all the possibilities of how you structure your economic and tax affairs so that you don’t pay any more than legally required.

In fact, there is a conversation in the business world about taking some cost savings and using it for charitable giving. That is a voluntary use of your dollars instead of involuntary philanthropy which is taxes.

One last point I want to mention. Responsibility. We can behave like an ostrich, go about our daily lives, then stick our heads in the sand and hope everything turns out, which it usually won’t, or we can take responsibility. We can be accountable to our actions and do what is necessary to fix the wrongs and put ourselves on a path to lasting wealth and legacy. Being accountable and taking responsibility means getting the right people who have the training and knowledge to help. Being accountable and taking responsibility means facing up to the chores we may not like but do it anyway. Only then can the path be cleared for a brighter future. What actions are you taking to clear your path. What responsibilities are you avoiding that are keeping the path blocked with brush and obstacles keeping you from those hopes and dreams you always wanted.

Our vision is for business and families to create lasting wealth. Our mission is to build, protect and preserve wealth and legacy for generations. To do these things we need to have business prosperity, good financial foundations, a tax fortress and personal power.

Thank you for being a part of our Straight Talk community. We educate, transform and inspire business owners and families in enhancing the way they think and talk about wealth in money, values, beliefs and traditions. Unite, Align and Nurture your common purpose and vision and protect and preserve your wealth for generations. What is your Legacy?

We welcome you to share your ideas and thoughts.