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__________________________________________________________________________ The TAX FREE Island For Entrepreneurs In this video I explain how I was able to get a second home on the beach in Puerto Rico, and save money by doing so! Theres 2 amazing ways that I save money by doing it 1) My tax basis reduction by living here, both personally and my companies. I save more money than I have added in new expenses by renting this condo, having means of transportation here and traveling to and from the island. The Puerto Rico taxes are a significant reduction than I was used to paying (30-35% less), so I get to save on taxes in a big way. My journey to get reduced taxes started by leaving California in 2019, and then now leaving the united states for Puerto Rico! 2) I reduced my previous living situation expenses by MORE than this addition. So I am in fact saving more money without the tax variable even taken into consideration. The goal was not to increase my cost of living, as I don't see the need to raise my $15,000 a month personal spending budget. By doing this, it will give me more free capital to continue investing, buying more real estate and working inside of my company. So that makes this beautiful condo not only free, but it actually saves me money. I have many more finance and business videos coming, so make sure to stay tuned! Drop a LIKE if you enjoyed the video!
*Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based on my own own experience and research. There is no guarantee on anything due to the fact that there are many variables in your success.
The TAX FREE Island For Entrepreneurs