AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Entrepreneurs on Fire
Puerto Rico Cruisin’ and the Caribbean Dream with Daven Michaels
Sep 4, 2023
32:25
Snipd AI
Renowned entrepreneur Daven Michaels discusses the benefits of living in Puerto Rico, including significant tax benefits. He also talks about the San Juan Social Club Cruise and their commitment to making a positive impact on Puerto Rico through philanthropic efforts. The podcast also touches on the topic of organizing a social cruise event in San Juan, highlighting the business and personal value it offers to listeners.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Living in Puerto Rico offers significant tax benefits for US citizens, allowing them to keep more of their money and invest in their business and personal goals.
- Cruises provide a unique opportunity for networking and forming deep relationships, leading to long-lasting connections and exponential growth in business and personal ventures.
Deep dives
Tax benefits of living in Puerto Rico
Living in Puerto Rico offers significant tax benefits for US citizens, including a low 4% federal income tax rate and 0% capital gains and dividend taxes. This tax advantage allows individuals to keep more of their hard-earned money and allocate it towards their business and personal goals. The reduced tax burden also provides the opportunity to amplify investments and business ventures, ultimately leading to financial independence and increased profitability. Additionally, living in Puerto Rico exposes individuals to a community of successful and adventurous people, fostering a conducive environment for networking and deal-making.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode