Episode 91: Effective Tax Strategies and Team Building with Larry Pendleton

In this episode of The Path to Wellth, Larry Pendleton, an experienced CPA and tax consultant, talks about effective tax strategies for beginners, adding value to people, and forming strong teams. Larry shares his inspiring personal journey of developing a positive money mindset and finding fulfillment, stressing the importance of recognizing your worth and assigning tasks to others. He also discusses digital currency,  getting ready for inheritance and the significance of making a positive impact in the community, living a life with choices, and having the ability to assist others.

Tune into this engaging interview for valuable insights on maximizing tax benefits and building wealth.

Enjoy this episode on your favorite podcast platform

✅ Apple → https://podcasts.apple.com/gb/podcast/effective-tax-strategies-and-team-building-with/id1625806145?i=1000643918106
✅ Youtube →  https://youtu.be/rftrw_UpQUA


Let’s Stay Connected

✅ LinkedIn →  https://www.linkedin.com/in/hannes-hennche/


Connect with Larry Pendleton

✅ LinkedIn → https://www.linkedin.com/in/larry-pendleton-jr-cpa-msa-493aa249/
✅ Facebook → https://www.facebook.com/profile.php?id=100012395678547

Learn how to succeed in any real estate economy by leveraging the pre-foreclosure niche → https://www.preforeprofits.com/


Time Stamps

03:10 Developing a Money Mindset
06:04 Adding Value to Others
09:33 The Gap and the Gain
10:20 Finding Fulfillment in Life
12:35 Identifying Your Value and Delegating
15:54 Defining Your Mission
18:17 Tax Strategies for Wealthy Individuals
26:23 Building Solid Teams and Partnerships
30:58 Tax Strategies for Digital Currency
35:38 Preparing for Inheritance
39:39 Insights into Government Monitoring
 46:36 Making an Impact in the Community

Quotes

"You got the knowledge, you know the numbers, you're just having to put the right team together."

"I think we all have a mission in life and a purpose. I believe part of that purpose is to serve others."

"People say the same thing about taxes.  I enjoy the aspect of going through someone's tax return. And I can tell you, I can literally paint a story of how your year went based off of that one year's tax return."

"Once we break down and explain to people how the IRS tax a certain income, then you start to kind of shift differently where you're trying to get your primary income into an environment where it's not as taxed as harshly as a W-2 or even just being self-employed."

"But the main thing when it comes to IRS and tax save is that we have more of a consumption tax, which means the more you're not putting money back out there, the more you're going to be taxed."

"They're taking it out and the government is trying to push money digital."

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