Most people thing of taxes as a necessary evil, or at a minimum something that they cannot control that drains their cash. What if taxes could actually contribute to your cash flow, accelerate, and magnify your wealth building?
This episode unpacks the three sources of funding into your wealth plan (including taxes). We're not just talking about making and saving money; we're revealing how to amplify and accelerate your wealth building. Discover how small business owners and entrepreneurs can legally & ethically benefit from deductions and align spending with government incentives, just like the big corporations do, but tailored for the scale and agility of your own business ventures.
Wrapping up with a discussion on the broader implications of financial abundance, I share my passion for empowering you to harness money as a tool to unlock your potential and make a lasting impact on the world. This isn't merely an episode about amassing wealth; it's about how your financial decisions can shape a legacy and contribute to the greater good. Step into a life where your financial savvy not only meets your personal goals but also fuels meaningful change.
Most people thing of taxes as a necessary evil, or at a minimum something that they cannot control that drains their cash. What if taxes could actually contribute to your cash flow, accelerate, and magnify your wealth building?
This episode unpacks the three sources of funding into your wealth plan (including taxes). We're not just talking about making and saving money; we're revealing how to amplify and accelerate your wealth building. Discover how small business owners and entrepreneurs can legally & ethically benefit from deductions and align spending with government incentives, just like the big corporations do, but tailored for the scale and agility of your own business ventures.
Wrapping up with a discussion on the broader implications of financial abundance, I share my passion for empowering you to harness money as a tool to unlock your potential and make a lasting impact on the world. This isn't merely an episode about amassing wealth; it's about how your financial decisions can shape a legacy and contribute to the greater good. Step into a life where your financial savvy not only meets your personal goals but also fuels meaningful change.
Hey, it's Brianna Siobhan here with the Life Then Business podcast. Today we're going to talk about money. Well, there's lots of topics about money that I could talk about, but today I'm going to talk about a specific topic in the realm of money, and that is the business taxes, wealth building cycle and specifically using taxes to build wealth. Now you might be thinking, wait a minute. Taxes just take a big chunk out of my money that I work really hard for. How is giving away my money to taxes going to help me build wealth? Or you might be thinking, oh, taxes, they're a necessary evil. Or you might be thinking I have no control over the amount of tax that I pay and it's always too much. But here's my thinking. My thinking is taxes are a game and there's a set of rules to this game, and when you learn how the rules of the game work, you can structure how your money flows to leverage those rules in your favor and win the tax game. My thinking is taxes can accelerate and magnify your wealth building plan, and my thinking is that you might not have control over your taxes, but you have a lot more influence than you think. So this is what we're talking about today. So buckle up, we're going to dive in Now.
Brianna Siobhan:There's a normal kind of wealth building cycle that we talk about in our culture, in our country, and that is that you have a business or a job and you earn money, and common wisdom tells us you need to take some of that money and invest it, whether you're putting it into real estate, or you're putting it into stocks and bonds and mutual funds, or you're putting it into a retirement account that then gets invested. We all know the quantum wisdom that you got to take some of the money that you earn and invest it. And then the goal is that investment earns money, that earnings on the investment get reinvested into the investment, so it gets bigger, and then it earns more and that's reinvested into the investment and it gets bigger, and so on, and you get a cycle of building your investment or building wealth. Now, in this traditional version of the cycle, there's two sources of funding into the investments. One is the wealth plan, one is the money that comes out of what you earn and the other is the earnings on the investment themselves. So you have money coming out of your earnings. This might be money that you put into a retirement plan every year. That's feeding your investments and then the earnings on the investments are feeding the investments. So two sources of funding into your investments or your wealth plan, and the big picture goal here is usually build enough wealth in those investments to live on so you can either live on the earnings themselves or live on the earnings, and a little bit of that principle of the investment every year until you don't need the money anymore, meaning you die. So that's usually the goal build enough wealth and investments to live on the earnings.
Brianna Siobhan:Now my version of the wealth building cycle is a little bit different. In my version of the wealth building cycle, you're earning money, you have strategy around your taxes and you save on taxes, so you pay less in taxes, and then that savings goes into your investments, along with some of your earnings going into your investments, and then, of course, your investments are earning to reinvest in your investments. So this is the tax accelerated and magnified wealth building cycle. That's my name for it. I know it's a big, long, kind of a wieldy name, but it's an accurate description. It's the tax accelerated and magnified wealth building cycle and there are three sources of funding into your investments and that's why it's accelerated and magnified. If you have two sources of money going into your investments, they will grow over time. If you have three sources of funding into your investments, they're going to grow over time even faster and get even larger. So you have the money that comes from your earnings that go into your investments. Again, that could be investing in a retirement plan every year. Then, with appropriate tax strategy, you have savings on the taxes that you're paying and that savings by paying less in tax you can take that money and invest it with your investments and your wealth building plan. And then, of course, the third source those investments are earning money and those earnings are reinvested. So in the tax accelerated magnified wealth building cycle we have three sources of funding into investments. So I'm going to talk through these three sources of funding into investments and just break them down a little bit, talk through how they work and a little bit of my thinking about them. So the first source of funding into investments is our earnings.
Brianna Siobhan:So if you're an entrepreneur, you own a business, you are earning money and there are two possible cycles that come into play with your earnings and the money that's available to go into investments. Cycle number one is I earn money. I put some into my investment and I build my business and I earn even more money, but my spending goes up along with that earnings, and so the amount that goes into my investments is about the same as it was the prior year. And then the next year I expand my business some more, my earnings go up even more, my spending also goes up, and so the same amount is going into my investments. So this version number one of the business earnings cycle is I earn more, I spend more, and the amount going into my investments every year is steady. Now scenario number two for the earning cycle is I earn more by expanding my business. Each year, I hold my spending steady so that I have more to put into investments every year. So if I spend the same amount year after year after year, but I earn more each year through expansion of my business, then I have more to invest every year and I can use that cycle to accelerate my wealth building plan.
Brianna Siobhan:Now most people think they're doing number two. Most people think they're spending the same amount of money every year, but they're earning more and more, but they can't actually figure out where that money is going, because there's not actually any more left over. This is I see this all the time. People think they're doing number two, but they're actually doing number one. So they think they're holding their spending steady and there should be more money to invest. And they can't figure out why there isn't, because in reality their spending is increasing. So there is no extra money to invest, or no more than there is the prior year. So there's a solution to this.
Brianna Siobhan:The first part of this is the two-part solution. The first part is data. The second part is discipline. So the first part is data. If you don't know where your money is going, you can't manage where your money is going. And I'll tell you I've been working with entrepreneurs for a very long time now almost two decades and very few of them actually look at where their money is going and some of them are afraid to, but most of them just don't know how to. So there's a skill set here to develop in the data piece of the solution. So the solution first is knowing what the data is, so looking at where your money is going, both in the business and personally. So we have a situation here where you think you're spending steady, but in fact it's increasing. It could be increasing inside the business. That might be business spending that's increasing or it might be increasing in your personal finances. So it might be personal spending that's increasing or it might be both. I generally see both. So that's the first step is look at the data. You've got to look and see where the money is going in the business and where the money is going personally. Then the second step is discipline. So it's a discipline of having a spending plan, so creating, having and following a spending plan for both your business finances and your personal finances. So part of that is usually paying yourself on a regular schedule and then, assuming you are in an expanding business, meaning you're earning more, then it also means pulling those earnings and putting them somewhere else.
Brianna Siobhan:I call it hiding money from yourself. So I do this personally. I have a business checking account and a business savings account where I keep my operational cash and then I have a separate savings account at a different bank and I've made it very easy for myself to transfer money into that savings account at the other bank, but not so easy to get it out back into my operational accounts. I call it hiding money for myself. I know it's there, but it's kind of out of sight out of mind, and this comes from the work of Mike McAlwitz. He wrote a book called Profit First. Lots of people have heard of it, lots of people have read it, and I'm going to give you my very, very, very condensed, simplified version of what that book says. There's a lot more to it, but the bottom line that I got out of it when I read it is business owners entrepreneurs make financial decisions based on how much money is in the bank. So if we manipulate how much money is in the bank, it will help us make the spending decisions we want to make, meaning that if I'm earning more and more, if I move that money out of my operational account and hide it from myself, then when I look at how much money is in the bank, I will make more conservative spending choices.
Brianna Siobhan:Now this works on the personal side as well. I do the exact same thing on the personal side of my finances Same thing. I have a personal checking and savings account. I have a savings account in another bank. I make it easy to move money into it and hard to move money out of it. I hide the money from myself because, as much as I am educated and experienced with money. As a CPA, I work with the stuff every single day with my clients. I'm also an entrepreneur and my brain still works like a human brain, and that is I look at how much money is in my bank account and it influences the financial decisions I make.
Brianna Siobhan:So the Profit First book is based on this premise and gives some strategies for how to resolve that, but ultimately, the strategy here is the discipline strategy having a spending plan for your business and your personal finances, putting yourself on a financial schedule, a cash flow schedule for how you get paid from your business, pushing other money into a separate account where it's out of sight, out of mind, and then, on a regular basis, you're going to come back to that money and it's going to go into your investing plan. So this is the first source of funding into your investments. It's your business earnings and if you look at your data and use the discipline of a plan, you can hold your spending steady, with increasing earnings, and increase the amount that goes into your investments and your wealth building plan If you want to. I should say you don't have to make that choice. You don't have to do it that way. You absolutely can increase your spending with your earnings and have a steady amount going into your investments. Most people want more and more going into their investments. They just don't realize how to do it. Both are valid choices, but it's important, in my opinion, it's important to be intentional about which cycle you're choosing. Okay, let's talk about the second source of funding into your investments or your wealth plan.
Brianna Siobhan:That's taxes. I'm going to apologize in advance. I get very excited about this topic. I realize not everybody in the world is super excited about taxes, but I get very excited about taxes because when you know the rules of the game, you can play the rules to your advantage. I love doing this with my clients and I love finding money for people. I'm going to walk you through the concepts, the thinking of how I do that.
Brianna Siobhan:First of all, everything that I say is based on the United States tax system. If you are listening from another country, you're going to have a different tax system than the one I know. However, most tax systems in the developed world work very similarly. Some of the details are different, but a lot of the underlying concepts are consistent. In the US tax system, there are two tax systems. One is for employees and the other is for businesses. Employees earn wages. They pay taxes out of those wages and what's left over they have available to spend for their expenses. Employees earn income, spend some of that on their expenses and what's left over is their profit and that's what they pay tax on. So what this means for businesses is the more they have an expenses, the less profit they have to pay tax on, the less tax they're gonna pay. As an employee, that's not an option. You pay your taxes first and whatever's left over you pay to use for your expenses. For the business, we have more expenses. You pay less tax.
Brianna Siobhan:Now I am not suggesting you go spend money because it's gonna save you on taxes. You are never going to save as much in taxes as you pay for anything you spend money on. So that is not what I'm saying. I wanna be super clear. I'm not saying go spend a bunch of money because it's gonna reduce your tax bill. What I am saying is, if you structure your spending so that it's legally and ethically deductible as a business expense, you will pay less tax. What I am saying is you can use the tax rules to decrease the amount of tax that you pay. What I am saying is you can use tax incentives to reduce the amount of tax that you pay. So it's not about just going and spending money because it's gonna lower your tax bill. That's gonna make you poor and broke. It's about restructuring how you spend money. So more of what you spend qualifies legally and ethically as a business expense, which reduces the amount of tax you pay. Layer onto that some additional tax structuring rules to help reduce your taxes. Use some tax incentives to reduce your taxes and pretty soon you're talking about some good money.
Brianna Siobhan:So most people when they first hear this, they think this is small dollars, right? Like, how much really difference? How much difference can it really make to just restructure my spending a little bit? How much difference can it really make to use tax incentives? Like, really Well, in 2023, general Electric made $7 billion in profit and they had a refund of $423 million. That's because of their tax strategy. General Motors paid an overall average tax rate of about 4.1%, tesla about 1.5%, t-mobile about 0.4% in taxes On average. Of the Fortune 500 companies, there's about 380 of them that are profitable in recent years and on average, they pay about 11% in taxes, which is half of the stated corporate tax rate of 21%. So I know I hear this all the time. Yeah, but those are big corporations, right, they have huge dollars going into tax lobbying. They have huge dollars into getting congressman elected so that they can get the tax incentives they want. So they can play by a whole different set of rules from little old me and I hate it and I can't do that. That's not how I think. What I think is small businesses can act like the big boys. Small businesses can use the same tax incentives and leverage the same tax rules to their benefit. The numbers may be smaller, but the impact is just as powerful.
Brianna Siobhan:Now I want to say, as a side note, general Electric making $7 billion in profit and getting a tax refund of $423 million. That's not super in alignment with my personal values of how taxation should work and where the tax burden should be in our culture. So I just wanna say, like that's a whole other conversation. I am not suggesting that I think this is how it should be, but what I am suggesting is these are the rules that we have. So, as a small business owner, you have the opportunity to learn the rules and play by the same rules and get some of the same results. So I don't make the rules. Sometimes I wish I did. I think I could be a whole lot more equitable in our tax system if I made the rules, but I'm also kind of glad I don't have that job.
Brianna Siobhan:But ultimately what I see is the tax system is a set of incentives to influence businesses to do what government wants them to do. Now, this perspective I learned this from Tom Will right, it's got a fantastic book. It's called Tax Free Wealth. I studied with Tom for a couple of years and I love his work and I love his thinking about taxes, because most people, like I said, think taxes are necessary, evil, they're just taking money out of my pocket and so forth. And his thinking which I have adopted because I agree 100% is our tax system is a set of incentives to influence businesses to do what the government wants them to do. And if you do the things that the government wants you to do in the financial business realm, you can qualify for those tax incentives too. This is what I mean by small business acting like the big boys and getting the same wins. So some examples and again, like this is based on the US tax code, but these concepts apply in most countries around the world.
Brianna Siobhan:So, for example, our politicians, our government, want to expand the economy. So as long as we have an expanding economy, that's what they want going on. So how do we expand the economy? They want businesses producing more, so they give them tax incentives to invest in equipment. Those tax incentives come in the form of depreciation. So in my business, if I invest in more equipment, I get to use tax incentives to deduct that cost right off the bat, whereas normally, without that incentive, I would be deducting that cost over many years. When I deduct it now, I get a tax benefit now and that gives me cash in my pocket now to use how I see fit. They want the economy to expand by us creating new things. Innovation has huge value, so there is a tax credit for research and development. That means that if the way I spend money in my business aligns with the government definition of research and development, I can qualify for a tax credit that reduces my taxes dollar for dollar and puts more money in my pocket.
Brianna Siobhan:The government wants to increase housing. If we have an expanding economy and an expanding population, we need more jobs. We need more housing for all of those workers, that's all of us. So they have tax incentives in real estate. For people who invest in real estate, there are huge tax incentives around depreciating that real estate, meaning deducting the purchase price of the real estate. That puts money in your pocket. Right now. There are tax credits for low income housing. If you're buying or developing low income housing, there are additional tax credits on top of the depreciation incentives.
Brianna Siobhan:The government wants to expand renewable energy. We're working on creating the way we live to be more sustainable, so there are tax credits if you invest in solar energy or invest in wind energy. Now this actually crosses over between business and personal taxes. If you put solar panels on your personal home, there's a tax credit. If you use solar panels in a business or on an investment real estate, you can deduct the cost of those solar panels as well as qualify for a tax credit.
Brianna Siobhan:Now again, there are details to all of this, the details of the rules. I am simplifying. There are details behind all of these rules. You have to play the game correctly to be able to use these incentives, but ultimately, whether I'm a big, huge business or a little tiny business or somewhere in between, the same rules are there, the same incentives are there. So I just need to learn the rules of the game so I can play it better. The research and development R&D tax credit a business earning $300,000 a year can use the exact same credit, the exact same rules, as those earning $300 million or $300 billion. The real estate incentives with correct structuring again, you need to know the rules of the game. A real estate purchase of $500,000 or $800,000 or $5 million or $8 million have the same rules and the same incentives and can create the same benefits. So it's really easy to write off this concept as designed for rich, wealthy people and big corporations, and I actually agree there's some truth to that. But I also believe that when you know the rules and in particular I'm going to talk about this in a minute too when you partner with a tax strategist who knows those rules really well and can work with you to apply them proactively, it can make a significant impact on your finances. Here's what I mean by significant.
Brianna Siobhan:Most of the businesses I work with personally in my CPA practice are earning somewhere between $100,000 and $300,000 a year. I work with some folks who earn a little bit less than that. I work with some folks who earn quite a bit more than that. But most of the folks that I work with are in that range. Most of those folks that I work with in that range are saving at least $20,000 a year in taxes, year after year after year. The clients I work with who are investing in real estate it's even more Most of them. We work with them to structure them so that they're saving $30,000 to $50,000 a year. So what they do, I love this strategy. I told you I was going to get excited. What they do. They invest in real estate. Maybe they put $100,000 down on a property, buy a property, maybe fix it up a little bit, rent it out, and then we use tax incentives to reduce their tax bill by $50,000. And now they have $50,000 to go into the down payment on the next property the next year. So they need half as much of their own cash coming out of earnings for the next investment because half of it is being funded by the government with tax incentives. And so they buy another property, we apply the tax strategy, we save another $50,000, and they go invest it in the next property. It becomes a cycle, right? It's a cycle of using that tax savings to invest in building wealth and to invest in more assets. So I think $20,000 a year in tax savings is nothing to go off at. I think that's decent. And as we move into the third piece, the third way of funding your wealth plan, we're going to talk about how that $20,000 becomes a million dollars. So the third way of funding the investments and the wealth building plan is the earnings on the investments.
Brianna Siobhan:This is the concept of compound interest. Now, you may be aware of this already. I'm going to review it for those who are not familiar with compound interest. Compound interest is this If I go put $20,000 into a savings account or a mutual fund or whatever kind of investment I choose, it's going to earn a return. If I invest in a bond, that's kind of like me making a loan and I earn interest on it for letting somebody else use my money. When I invest in stocks or mutual funds, which are just groups of stocks, then I'm investing and owning a little itty bitty, teeny, tiny slice of a company and as the company's value increases, the value of my investment, my stock increases and that company may pay out some dividends, meaning little bits of their profits get paid out and that's an earning that I receive on my investment and I can reinvest it and buy a little bit more of that stock or mutual fund. So compound interest means that as I put in an investment and I earn on that investment, if I take the earnings and reinvest it and buy more of the investment, I now have more earning interest. And then I take those earnings and I reinvest them and now I have even more earning a return. So what this looks like.
Brianna Siobhan:I'll just give you a simple example. The US stock market over the very, very, very, very, very long term has had a pretty consistent return of about 8%. Now some years are more, some years are less. There's lots of ups and downs. Right, I'm not talking about over the next couple of years what's going to happen. This is not a future prediction. This is looking back at the history over the very long term history. On average, you put 8% earnings.
Brianna Siobhan:So what that means is, if I take $20,000 and I invest it in an index fund, an index fund is a group of stocks. It's a mutual fund that holds a group of stocks that are the same stocks used as the indexes of our market overall, so like the S&P 500. So there's an index fund where I can buy a mutual fund and it purchases stock in all of those 500 companies that are part of the S&P 500. So whatever the stock market does, whatever the S&P 500 does, my mutual fund does, that's an index fund. So if I take $20,000 and I put it in an index fund and over the long term I'm earning about 8% return on that, in about 10 years it's going to double. That's the power of compound interest. I put in $20,000 and 10 years later I have $40,000 without doing anything.
Brianna Siobhan:Now compound interest works the other way too. Let's just a little sidebar here for debt. If I have credit card debt and I'm making the minimum payment on it, the same thing holds true. The minimum payment mostly pays interest and just chips away just barely at the principal debt and interest on credit cards is a lot more than 8%. Most of them are 12%, 20%, 24%, 30%, have even seen 39% interest rates on credit cards Brutal. So debt works the same way. When you're making minimum payments, like on a credit card, it only takes about three to six years to double the debt because of compound interest, depending on the interest rate. So that's a sidebar. Compound interest works both ways. It can work to your benefit with investments, but can also work to your detriment with debt that isn't getting paid off in a timely manner, particularly debt with high interest rates, like credit card debt.
Brianna Siobhan:Okay, back on track. If I take $20,000, I invest it in an index fund, for example, and if I get an 8% return, it's going to double in about 10 years. Now if I take $20,000 and I put a new $20,000 in every year, so I keep adding to my investment, plus I have the power of compound interest If I take $20,000 and add it every year, I have an 8% return In 21 years I will have a million dollars. So many, many, many people invest maybe about $20,000 a year to their retirement plan Currently 401k plans. I think the maximum an employee can invest every year is like $23,000. Most people don't do the maximum because their earnings aren't high enough. They need more of that money to live on. But let's say they're doing $20,000 a year. Well, 21 years of that, there's a million dollars to retire on. But if I do that and I use tax structure and tax strategy to add another $20,000, now I have $40,000 a year going into my investments and my wealth building plan. Now, after 21 years, I have $2 million to retire on or I can. If one million is my target, I can reach that six years sooner. So this is what I'm talking about when I say taxes accelerate and magnify your wealth building plan. So would you want an extra million dollars in your wealth plan or would you like to reach your wealth plan goals several years sooner? That's what having the three types of funding can do, rather than just the two types magnify and accelerate, so that extra million dollars.
Brianna Siobhan:Once we get into a retirement mode of using investments, usually we shift how we're invested and we invest in securities or strategies that will give us much more stability in the return and a lower return overall. So more common return for a stabilized kind of retirement type investment might be 4%. So if I've got a million dollars sitting at a 4% return, that means I've got at least $3,000 a month more to use in earnings for the rest of my life. Or if I want to use the earnings and some of that extra principle, I could have $60,000 to $70,000 a year more and use that over 20 years. So it's a huge impact. It can feel small in the moment oh, I only saved an extra $3,000 in taxes. Or oh, I saved $10,000 in taxes, or really, even if I can get a really good plan and save $20,000 in taxes every year, if you take those savings and invest them, we're talking about another million dollars in your retirement portfolio Like it turns into big dollars.
Brianna Siobhan:So this is why my thinking is taxes can accelerate and magnify your wealth plan.
Brianna Siobhan:Taxes are just a game a game with a set of rules, and when you learn how the rules of the game work, you can structure how your money flows to leverage the rules to your benefit and in this way, you have a lot more influence over your taxes than you think. So this is a description of my version of the wealth building cycle the tax accelerated and magnified wealth building cycle. So here's what I want. Here's the vision I hold myself as well as for you that you are building a business that you love, that you are doing what you are great at and that you love to do. That your eyes are wide open and you're seeing how your money flows. You're looking at the data and that you are intentional in your business spending plan, that you are intentional in your personal spending plan and you are intentional in your investing and wealth building plan.
Brianna Siobhan:In my vision, what I want for you is that you have expert support. You have expert support in building the business you want that is serving your life. That you have expert support in leveraging the tax game rules to your benefit so you're paying the minimum legal and ethical amount in tax and freeing up that cash flow to invest in alignment with your goals and values, and that you have expert support in that investment piece so that you are investing successfully in alignment with your goals and values. Finally, my vision for myself and for you is that you are living your life, then business, and you are backed by an earnings and tax savings and investing in wealth building cycle that is serving you and your life. This is the vision that I hold. This is what I want for you.
Brianna Siobhan:This is really one of the big reasons I started this podcast and, as I told you in one of the earlier episodes, I'm going to share my thinking on pretty much everything that comes up in my life, but this one this is a big area of passion for me, because it is by doing this that we get control of our future, because money is the energy that flows to make things happen in our life, and so if you have a business that you love. That is funding your current life but also funding your wealth plan. You have that tax strategy funding your wealth plan and you have investments funding your wealth plan, then you are funding your future dream and you are getting there so much faster and it can be even bigger than you thought when you have all of those cycles in alignment to support you Super exciting. When you have that financial piece under you, the worry of the finances can go away. Now there are some people who are going to hear that and they're going, yeah, but you don't know. You don't know what it's like to be so broke you can't even think about investing. And the truth is I actually do know. I have been there. I have been in that place that was so broke that I couldn't pay my bills, that my car was being repossessed, that I was at risk of losing my house. I have been there and I know there's a whole other podcast we're going to do. That's going to be a great topic. I know how to manifest money out of nowhere. It's incredibly fun and powerful and that's going to be a really fun episode to record for you. But that is a whole other episode. We're not going to go there today, but here, from here, what really I'm thinking about is this vision of how money can support you in your life so that it really is. It's the energy flow and exchange that allows you to do what you want to do, so that you can take the worry of money out of the equation and you can really show up authentically as yourself and do what you're amazing at and that you love to do, and make that contribution to the world. Because, frankly, I believe the world needs that contribution from you. And when you align this aspect of your life, the money cycles for building wealth, you are more able to serve that mission of why you're here.
Brianna Siobhan:A lot of people have a lot of thoughts around money. Gosh, here's a whole other episode we'll do. A lot of people have thoughts around money of like oh, rich people were born into it, silver spoon in their mouth, or they didn't have to work for it, or they worked too hard I can't sacrifice that much in my life for it or rich people are greedy, or whatever the thoughts might be right. There's so many possibilities of how our thinking can get in our way around money, but my thinking is money allows you to be even more of who you are. So if you are a jerk, yeah, money's gonna make you a bigger jerk, but I have a hunch that if you're a jerk, you're probably not listening to my podcast. You don't tend to attract jerks into my life.
Brianna Siobhan:So what money does is it allows you to be more of who you are.
Brianna Siobhan:It allows you to serve more the mission that you're on this planet to serve.
Brianna Siobhan:It allows you to be contributing whether it's your time or your money, or your skills or your experiences or your thinking to further our world, further our life on this planet, in your own unique and special way.
Brianna Siobhan:That's why I hold this vision. That's why I'm so passionate about this, because I believe each individual has a really important contribution to make to our world, and when we take the money, worry or scarcity out of the equation and we have financial abundance, it just allows us to show up in a bigger, better way, more authentically, without fear, to make that contribution. So my hope is that you take this to heart, that you really do give some thought to where your thinking is around money, how you generate money, the value that you bring, how you leverage the rules of the tax game to benefit you, how you invest, what your goals and values are, so that you're investing in alignment with them. I hope it sparked some thinking about those things for you and if you've found hearing my thinking about this topic useful, then stay on this journey with me, subscribe to the podcast and, as always, thank you for listening.