How to Build Wealth & Avoid Taxes Like a Pro | Mark Kohler

In episode of Wealthion, Andrew Brill speaks with renowned CPA and lawyer Mark Kohler. As the founder and senior partner at KKOS Lawyers, Mark is dedicated to helping people financially achieve their American dream. Kohler shares his expert strategies on how to build and protect wealth through smart tax and legal planning.

Some of the key strategies they discuss include: 

• How to utilize Roth IRAs from an early age
• The benefits of side hustles and rental properties
• Advanced tax strategies to minimize liabilities

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Timestamps:
0:00 - Introduction

0:27 - Does the American Dream Still Exist? 

2:24 - Teaching Financial Responsibility to Kids 

5:04 - Benefits of Early Roth IRA Contributions

8:27 - The Rise of Side Hustles and Wealth Building

10:06 - Real Estate Investment Strategies

12:48 - Choosing the Right Type of Real Estate

15:41 - Partnering for Real Estate Investments

17:57 - Self-Directed IRA for Real Estate

20:44 - Setting Up LLCs for Self-Directed IRAs

22:04 - The Importance of Revocable Living Trusts

24:17 - Advantages of S Corporations for Subcontractors

26:48 - Converting 401k to Roth IRA

30:44 - Tax-Free Wealth with Roth IRA

33:17 - Alternative Investment Strategies: Hard Money Lending

35:31 - Investing in Cryptocurrency with Self-Directed IRA

38:10 - Upcoming Crypto Tax Summit Details

40:04 - Political Impacts on Tax Legislation

41:48 - Closing

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