Smart Friends #012 Mitchell Baldridge: Defeating Taxes, Financial Planning, and Flipping A Bored Ape NFT for $250k
Mitchell's Career Path
- Mitchell Baldridge's mentor advised him to become an accountant during the financial crisis.
- He started enjoying accounting after leaving his corporate job and working directly with clients.
True Accounting Knowledge
- Real learning in accounting comes from observing long-term impacts of decisions, not just short-term results.
- Mitchell emphasized thinking about the end from the beginning when planning.
Estate Planning Threshold
- Individuals with a net worth nearing or exceeding $20 million should engage in estate planning.
- This helps minimize estate tax and efficiently transfer wealth.
Mitchell Baldridge is an accountant and financial planner who also identifies as a libertarian anarchist crypto-degenerate. We talk through the creation of his firm, everything financial planning entails, and how he flipped a Bored Ape NFT for $250k. A little something for everyone today! Mitchell can’t be everyone’s personal planner and accountant, (though he is mine and I’m very grateful for that!) but he offers expertise that can help anyone. Taxes are likely your single largest expense over your entire life, so it pays to understand them.
Be sure to tweet or email me so I know what you think of the episode, and be well!
Additional resources to help enrich your experience below:
Topics Covered:
- Crypto plays in the public markets
- Wealth-building and preservation strategies
- 101 resources for people who want to self-educate on financial planning and taxes
- How web3 could affect accounting and tax over a 20-year time horizon?
- Mitchell’s business specifically
- What is the path and what do you learn to become a CFP and accountant
- When should someone start working with a CFP or accountant?
- How do you know if you have a good accountant? A good financial planner?
Additional Resources:
Additional Episodes If You Enjoyed:
- Eric Jorgenson: Metagames, Feedback Loops and Transcending The Muggle World
- Sky King: The Next Level of the Internet, Decentralization, and Becoming a Player in the Game of Life
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