“It’s really created FOR you, so you can  use the loopholes and strategies so that you can reduce your overall tax liability” - Jeff Badu Episode Summary:Returning guest Jeff Badu goes into detail about flat taxes, different tax codes, and ways that business owners and entrepreneurs can leverage their taxes and use tax loopholes to reduce their overall tax liability! About Jeff Badu:Jeff Badu is a parallel entrepreneur and a wealth multiplier. He was born and raised in Ghana and came to the US when he was 8 years old. He’s a Licensed Certified Public Accountant (CPA) and the founder and CEO of Badu Enterprises, LLC, which is a multinational conglomerate that owns several key companies. His marquee company is Badu Tax Services, LLC, which is a CPA firm that specializes in tax preparation, tax planning, and tax representation for individuals and businesses. The firm has over 3,000 clients across all 50 states in the US and over 25 countries. Another key company is Badu Investments, LLC, which is a real estate investment company that acquires residential and commercial rental real estate properties in areas such as the South Side of Chicago in efforts to restore traditionally underserved areas. The company has over 100 rental apartment units. What sparked his interest in launching these companies is his passion for helping people minimize their tax liability and ultimately multiplying their money by investing it and building multi-generational wealth. His purpose in life is to inspire and support the super-hungry to take hold of infinite resources in order to create an abundant lifestyle.He’s extremely passionate about financial literacy and currently hosts various financial literacy workshops throughout the country. He’s a public speaker and his overall mission in life is very simple: to make a lasting positive impact in as many lives as possible, especially when it comes to their finances. In this episode:Flat tax - what makes it "unfair"Benefitting from tax codesTypes of tax deductionsTypes of tax creditsLeveraging property depreciation as a tax deductionTax loopholes and incentivesHow tax codes effect the US economyThe future of the US economy  Key Takeaways:Don’t be the one paying taxes,  be the one saving by doing something good.Your most important habits are the intangible ones.Hire a tax expert to help you leverage your tax loopholes.  Connect with Jeff Badu:Instagram: https://www.instagram.com/jbadu32/www.jeffbadu.com or www.badutaxservices.com773-819-5675DON'T FORGET TO CHECK OUT JEFF'S  BOOKS  FOR EVEN MORE: https://www.jeffbadu.com/#purpose-books   Connect with Joel Farrell:www.joelfarrellloans.com [email protected]://www.linkedin.com/in/joelfarrellvaloans/https://www.youtube.com/channel/UCISoNioAVR083iLErviv6pQ/featuredhttps://www.instagram.com/strivefor25_/https://www.instagram.com/jomifa8301/?hl=en   Audio and show notes by Premier Podcast Promotions
Skool Guide: https://www.skool.com/strive-for-25-1965/classroom Youtube Episode: https://youtu.be/AstrTNZMEec?si=payTCkaKFRv29Znv 

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