What do the ultra-wealthy actually do to minimize taxes, build wealth, and protect their legacy? In this interview, I sit down with Toby Mathis (@TobyMathis) from Anderson Business Advisors to break down the real (and simple) strategies high-income earners and investors are using. We talk through why HSAs might be one of the most overlooked tax tools, how the “buy, borrow, die” strategy actually works, and the truth behind paying "zero in taxes". We also get into why diversification matters more than chasing trends, how to automate your investing for long-term growth, and how to start thinking about legacy planning, no matter where you’re at financially.
Chapters: 01:21 - Introduction 02:14 - Toby Mathis’s Backstory 05:48 - Principles of Wealth: Make, Keep, and Grow 09:14 - Financial System: The 70/30 Rule 11:48 - "401k Millionaires" Through Discipline 14:24 - Why entrepreneurs often struggle as investors due to risk-taking tendencies? 16:59 - Impact of Legacy Planning 19:26 - Legacy Through Trusts 26:34 - Understanding Tax Planning 31:46 - Tax Strategies VS Those That Are Mostly "HYPE" 37:21 - S-Corps and C-Corps 39:32 - Wealth-Building Assets 46:13 - Toby’s 30/30/30/10 Rule for Portfolio Diversification 48:41 - "Buy, Borrow, Die" Strategy 53:52 - Asset Protection and Maintaining Financial Privacy 58:52 - Living Trust VS Standard Will 01:01:11 - Emergency Binder 01:03:00 - Why being overly public about your finances can lead to increased legal target risks? 01:06:20 - Final Thoughts
==================== DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice.
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