Welcome to the show!
In The WealthAbility Show, Tom Wheelwright guides entrepreneurs and investors into a revolutionary approach to thinking about taxes and wealth-building. Tom is an unapologetic proponent of the radical idea that you are fully capable of controlling your own financial future. And that you–not Wall Street–have a God-given right to control your money, build your wealth, and achieve your financial dream.
Show Descriptions & Extras
Click an episode below to see the transcript and show notes including timestamps.
Episode 68 – Safeguard Your Wealth
Episode 68: Safeguarding Your Wealth Using Bitcoin 💰 Description: Discover how Bitcoin may be an emerging safe haven for protecting your wealth. Pierre Rochard joins Tom to discuss Bitcoin’s maturation and evolution as a protector of money. SHOW NOTES: 04:44: How Is...
Episode 67 – Investing For High-Income Earners
Episode 67: Investing For High-Income EarnersDescription: Busy professionals work for their money. But what happens when you stop working or are unable to work? Discover how high-income earners can build wealth away from their day jobs. SHOW NOTES: 04:58 - How Do...
Episode 66 – Trump’s Taxes
Episode 66: Trumps TaxesDescription: The N.Y. Times reports that Donald Trump recently paid $750 in federal taxes. Discover how it’s possible for anyone to follow the tax code, make significant income and legally pay little or no taxes.SHOW NOTES: 01:08 - Why Is The...
Episode 65 – How We’ll Pay The COVID Debts
Episode 65: How We’ll Pay The COVID DebtsDescription: Discover how cities plan to pay for the COVID crisis. Tom speaks with a city councilman from Phoenix who shares how local governments have been and likely will continue to tap public funds to pay for COVID. Small...
Episode 64 -The Impact Of COVID Debt
Episode 64: The Impact Of COVID DebtDescription: Governments around the world have printed massive amounts of money in response to the COVID crisis and the effects will be felt for years to come. David Stockman joins Tom to discuss the impact of these policies on...
Episode 63 – How To Solve Income Inequality
Episode 63: How To Solve Income Inequality Description: Discover why wealth inequality is a bigger problem than income inequality. Annamaria Lusardi joins Tom to discuss why income and wealth inequality is growing and why it’s a problem for the poor, middle class and...
Episode 62 – Joe Biden’s Tax Plan
Episode 62: Joe Biden's Tax Plan Description: Joe Biden plans to substantially change the tax code if elected. Garrett Watson from the Tax Foundation joins Tom with analysis of Biden’s plan. This is a must-listen show for all business owners, estate planners and...
Episode 61 – Should The Wealthy Pay For COVID?
Episode 61: Should The Wealthy Pay For COVID? Description: The bill for the COVID crisis will eventually come due. Many politicians believe the solution is to raise taxes on wealthy people. Morris Pearl joins Tom to discuss the risks and possible benefits of raising...
Episode 60 – Take Command Of Your Taxes During COVID
Episode 60: Take Command Of Your Taxes During COVID Description: The extended tax deadline is fast approaching. Discover how the COVID crisis has changed tax planning, and what you can do today to improve your economy. SHOW NOTES: 00:55 - How Has COVID Impacted Tax...
Episode 59 – Navigating China’s Supply Chain
Episode 59: Navigating China’s Supply Chain Description: Discover how China impacts your personal economy. Whether it’s the supply chain or trade wars, your business and wealth is likely affected by China. Brian Miller, a China-based entrepreneur, joins Tom. SHOW...
Episode 58 – Liability Risks From COVID
Episode 58: Liability Risks From COVIDDescription: Opening your business during the COVID crisis presents new liability risks. John Balitis joins Tom to discuss how you can protect your business against liability claims.SHOW NOTES: 03:14 - How Do Tort Lawyers View...
Episode 57 – How Do Landlords Collect Rent During The Covid Crisis?
Episode 57: How Do Landlords Collect Rent During The Covid Crisis?Description: Landlords are caught between tenants struggling to pay rent and lenders seeking debt payments. Ken McElroy joins Tom do discuss how landlords can successfully navigate this economic...
Episode 56 – The Best Way To Reopen Your Business
Episode 56: The Best Way To Reopen Your BusinessDescription: Businesses are reopening after the COVID-19 lockdown. Discover how to reopen your business while protecting your employees, clients and vendors. Employment lawyer Bob Robenalt joins Tom.SHOW NOTES: 03:08 -...
Episode 55 – How To Negotiate During A Crisis
Episode 55: How To Negotiate During A CrisisDescription: COVID is creating new rules for negotiations. Discover how to negotiate with tenants, banks, landlords, the government & employees. Negotiating expert Peter Stark joins Tom.SHOW NOTES: 03:56 - What’s The Best...
Episode 54 – How To Spend Your PPP Money
Episode 54: How To Spend Your PPP MoneyDescription: Government aid must be spent properly to avoid penalties. Discover the right way to allocate government money that will keep your business running today and for many months to come. This is part 2 of Tom’s PPP...
Episode 53 – How To Reopen The Economy
Episode 53: How To Reopen The EconomyDescription: The U.S. is grappling with the right way to reopen its economy. Economist Richard Duncan joins Tom to discuss short-term and long-term strategies to navigate the unprecedented shutdown of the world’s largest...
Episode 52 – How To Protect Your Economy
Episode 52: How To Protect Your Economy Description: You have control over many parts of your personal & business finances even in these uncertain times. Discover how you can take action today to make sure you’re financially sound during the coronavirus...
Episode 51 – Benefit From The New Tax Extensions
Episode 51: Benefit From The New Tax ExtensionsDescription: Tax filings and payments have been extended due to the coronavirus crisis. Discover what this means for your business and investments, and what conversations you should have with your CPA.SHOW NOTES: 01:00 -...
Episode 50 – How You Can Benefit From The Cares Act
Episode 50: How You Can Benefit From The Cares ActDescription: The CARES Act is the largest relief bill in U.S. history. Discover what opportunities are available to you and the action you can take today to access the $2.2 trillion. Tom also explains the tax changes...
Episode 49 – Education Removes Panic
Episode 49: Education Removes PanicDescription: The coronavirus crisis has gripped the world in fear. Tom believes the real crisis is one of education and leadership. In this episode, Tom shares how he is navigating these unprecedented times and offers solutions for...
Fear The IRS
Episode 48: Fear The IRSDescription: An increase in audits is coming. Tom explains how recent changes at the IRS are raising concerns in the middle of tax filing season. Discover what’s changed and the steps you can take today to protect yourself.SHOW NOTES: 01:48 -...
Episode 47 – Benefits of Blockchain
Episode 47: Benefits of BlockchainDescription: Blockchain is revolutionizing the way business is conducted. Discover what blockchain is and how it can be applied to investing, accounting and more. Stephen Williams joins Tom to explain this new technology in an...
Episode 46 – Maintain Peace When You Die With A Living Trust
Episode 46: Maintain Peace When You Die With A Living TrustDescription: Money is the biggest source of conflict within a family. Discover how estate planning can eliminate conflict and ensure your legacy. Bill Clarke joins Tom to discuss living trusts.SHOW NOTES:...
Episode 45 -Confessions From An IRS Insider
Episode 45: Confessions From An IRS InsiderDescription: Discover how the IRS approaches audits and tax conflicts. Ex IRS lawyer Scott Estill joins Tom and offers tips on how to successfully deal with the IRS during a tax conflict.SHOW NOTES: 03:37 - When The IRS...
Episode 44 – Act Now To Receive Year-End Tax Benefits
Episode 44: Act Now To Receive Year-End Tax Benefits Description: The clock is ticking on year-end tax planning, and you could be leaving money on the table. Discover five ways to reduce your taxes before Dec. 31.SHOW NOTES: 00:53 - Why You Should Call Your CPA Today....
Episode 43 – How To Discover Your Path To Wealth
Episode 43: How To Discover Your Path To WealthDescription: There are many paths to success. Determining the best path to match your skills requires education. Buck Joffrey joins Tom to discuss his journey to financial freedom and offers tips to anyone trying to...
Episode 42 – How To Make Good Business Decisions With Limited Information
Episode 42: How To Make Good Business Decisions With Limited Information Description: The tax code recently changed forcing everyone to make tax-planning decisions with limited information. An agile approach to navigating the unknown reduces risk. Leo Tilman joins Tom...
Episode 41 – Why People Cheat On Their Taxes
Episode 41: Why People Cheat On Their TaxesDescription: Everyone can legally save on taxes. So why do so many people cheat on their taxes? Donna Bobek Schmitt joins Tom to discuss her research into why clients and tax professionals act unethically and break the law....
Episode 40 – The Right Way To Take Money From Your Business
Episode 40: The Right Way To Take Money From Your BusinessDescription: Discover how to take money out of your business, pay the least amount of taxes, and protect yourself from lawsuits.SHOW NOTES: 00:57 - What Is The Best Way To Form Your Business? 02:47 - How Do You...
Episode 39 – How To Evaluate, Change & Maximize Your Advisors
Episode 39: How To Evaluate, Change & Maximize Your Advisors Description: Business is a team sport. Like any successful team, players need to constantly be evaluated. In this episode, Tom discusses how to continually evaluate your tax professional so that he or she is...
Episode 38 – Eliminate Your Fear Of The IRS
Episode 38: Eliminate Your Fear Of The IRS Description: Dealing with the IRS oftentimes is stressful and frustrating. In this episode discover how to efficiently and successfully navigate your way through IRS notices and audits.SHOW NOTES: 01:49 - What’s The...
Episode 37 – How To Pay Little Or No Taxes Like The Big Guys
Episode 37: How To Pay Little Or No Taxes Like The Big Guys Description: Apple, Google & Amazon use the tax code to sharply reduce taxes. These same laws apply to anyone, you just need the education. In this episode, Tom explains how businesses of any size, and...
Episode 36 – Reduce Your Taxes & Your Audit Risk
Episode 36: Reduce Your Taxes & Your Audit Risk Description: Tax preparers are often times afraid of an audit. This can result in paying higher taxes. In this episode, Tom discusses how you and your tax preparer can overcome the fear of an audit and decrease your...
Episode 35 – Pay No Tax When Selling Your Business
Episode 35: Pay No Tax When Selling Your Business Description: The new tax code offers the possibility to pay less tax now and no taxes when you sell your business. Tom highlights specific provisions that allow business owners historic tax advantages. This is a...
Episode 34 – The Sexiest Real Estate Investment
Episode 34: The Sexiest Real Estate Investment Description: Mobile homes may have a stigma, but to savvy investors they offer attractive cash flow and tax benefits. Kevin Bupp joins Tom to discuss the benefits of mobile home investing. SHOW NOTES: 03:47 - What’s...
Episode 33 – How To Remove Fear From Your Life
Episode 33: How To Remove Fear From Your Life Description: Imagine overcoming fear of money, fear of relationships, fear of taxes. Mark Yuzuik joins Tom to discuss his work helping people overcome fear in all aspects of their lives. This is a program for anyone...
Episode 32 – Reduce Your Income Tax Today & Leave A Legacy For Your Family
Episode 32: Reduce Your Income Tax Today & Leave A Legacy For Your Family Description: The interplay between income tax and estate planning offers an attractive financial opportunity. In this episode, Tom speaks with Andrew Howell about creating a better life for...
Episode 31 – Reduce Your Stress & Increase Your Wealth
Episode 31: Reduce Your Stress & Increase Your Wealth Description: Find out how stress impacts the human body & mind, and how it can impede your ability to make good financial decisions. Tom records this episode from Romania with John MacGregor & J.W....
Episode 30 – Did You Leave Money On The Table This Tax Season?
Episode 30: Did You Leave Money On The Table This Tax Season? Description: The 1st returns under the new tax code have been filed, and many of you could have done better. In this episode Tom explains the common areas you and your CPA may have overlooked, costing you...
Episode 29 – How The Government Will Pay To Lower The Risk In Your Business
Episode 29: How The Government Will Pay To Lower The Risk In Your Business Description: Captive insurance is one of the best tax incentives. In this episode Tom speaks with Chuck Spitzer about how business owners and investors receive significant advantages from...
Episode 28 – The #1 Mistake Entrepreneurs & Investors Make
Episode 28: The #1 Mistake Entrepreneurs & Investors Make Description: Accurate data is your roadmap to success. And accurate data begins with good record keeping. Tom shares 5 tips you can use today to gain and maintain accurate data. SHOW NOTES: 02:28 - What...
Episode 27 – How To Upgrade To First Class
Episode 27: HOW TO UPGRADE TO FIRST CLASS Description: The rich invest differently than the middle class and poor. In this episode, Tom speaks with Patrick Donohoe about advanced techniques of investing in life insurance that offer opportunities to expand wealth and...
Episode 26 – The Single Investment That Makes You Money 5 Different Ways
Episode 26: The Single Investment That Makes You Money 5 Different Ways Description: Real estate can offer an investor five avenues to make money. Tom speaks with Keith Weinhold about maximizing the return on your real estate investments. SHOW NOTES: 05:44 - What Are...
Episode 25 – How To Reduce Your Taxes Everyday
Episode 25: How To Reduce Your Taxes Everyday Description: Successful tax planning doesn’t happen once a year. There are actions you can take every day to help reduce your taxes. In this episode, Tom offers strategies that can be used daily to plan, execute and reduce...
Episode 24 – Ask Your CPA These Questions About The New Tax Law
Episode 24: Ask Your CPA These Questions About The New Tax Law Description: The new tax law presents challenges and opportunities for you and your CPA. In this episode, Tom reveals how CPAs are adjusting to the new tax law, and how it can benefit you to meet with your...
Episode 23 – Never Fear A Government Audit
Episode 23: Never Fear A Government Audit Description: Nothing strikes more fear in people than a government audit. In this episode Tom explains what triggers government audits, and what steps you can take to ensure that an audit is nothing to fear. Tom dissects how...
Episode 22 – Avoiding Lawsuits in Business & Investing
Episode 22: Avoiding Lawsuits in Business & Investing Description: Asset protection is a vital & basic part of any investment strategy. Tom speaks with Garrett Sutton about how to form your business or setup your investments in a way that avoids potential...
Episode 21 – If You Want To Change Your Tax, You Have To Change Your Facts
Episode 21: If You Want To Change Your Tax, You Have To Change Your Facts Description: Your CPA can’t save you a dime. You have to take action in order to make way more money & pay way less taxes. In this episode, Tom discusses how investors and business owners...
Episode 20 – Find Out The #1 Key To Building Wealth!
Episode 20:Find Out The #1 Key To Building Wealth! Description: Record keeping is the most important skill required to build wealth. In this episode Tom discusses how to keep records, and more importantly, how to use records to make good financial decisions. SHOW...
Episode 19 – Double The Return On Your Investments & Increase Your Tax Benefits
Episode 19:Double The Return On Your Investments & Increase Your Tax Benefits Description: Professional investors enjoy higher returns and better tax benefits than amateur investors. In this episode, Tom discusses how certain investors make more money and qualify...
Episode 18 – Tax Advantages of Owning Gold
Episode 18:Tax Advantages of Owning Gold Description: Gold is often seen as a hedge against inflation. In this episode, Tom also explains the tax opportunities gold investing may offer. Tom speaks with a precious metals broker who offers the risks and rewards of...
Episode 17 – Building Your Brand – Define & Establish Your Brand
Episode 17:Building Your Brand – Define & Establish Your Brand Description: Tom discusses the three important questions you must ask yourself to create the life and business you want. This episode includes details on an upcoming special CPA Event on building your...
Episode 16 – Take Control Of Your Wealth & Stop Working For A Paycheck
Episode 16: Take Control Of Your Wealth & Stop Working For A Paycheck Description: This episode is for any employee who dreams of leaving the rat race. Clayton Morris, former-Fox News anchor, joins Tom to discuss his transformation from TV star to successful real...
Episode 15 – The Secret Tool of The Professional Investor
Episode 15:The Secret Tool of The Professional Investor Description: All investors are not created equally. Why do some people excel at real-estate investing while others gravitate to stocks? In this episode, David Kolbe joins Tom to discuss how savvy investors...
Episode 14 – Shave 20% Off Your Income Tax
Episode 14: Shave 20% Off Your Income Tax Description: The new tax code offers many people the opportunity to cut income tax by 20%. In this episode, Tom offers a glimpse of how he works with clients to help them reduce taxes. Hear from a small-business owner about...
Episode 13 – The Tax-Free Investment Available To Everyone
Episode 13:The Tax-Free Investment Available To Everyone Description: Life insurance offers tax and investment benefits to all investors. Kim Butler joins Tom to discuss the different types of life insurance available and what opportunities each presents to investors....
Episode 12 – Make More Money With The Tax Law
Episode 12: Make More Money With The Tax Law Description: Understanding the new tax code not only allows you to pay less taxes, it may also encourage you to make more money. In this episode, hear a real-life case study of how a real estate investor educated himself,...
Episode 11 – How To Select The Right Tax Advisor with Robert Kiyosaki
Episode 11: How To Select The Right Tax Advisor Description: The most important person in your financial life, other than a spouse, is your tax advisor. Robert Kiyosaki, author of “Rich Dad Poor Dad,” joins Tom to discuss his hard-earned wisdom from working with bad...
Episode 10 – Buy, Borrow & Die
Episode 10: Buy, Borrow & Die Description: Hear the strategy anyone can use to begin successfully investing while paying less taxes. Ed McCaffery, a tax law professor at USC, joins Tom and together they discuss the strategy of “Buy, Borrow & Die.” Find out how...
Episode 09 – Get a Tax Break for Family Activities
Episode 09: Get a Tax Break for Family Activities Description: The new tax code offers new incentives. In this episode, Tom speaks with fellow Rich Dad Advisor Andy Tanner about how spending more time with his two boys is allowing him to pay less taxes. SHOW NOTES:...
Episode 08 – 5 New Deductions From The New Tax Law
Episode 08: 5 New Deductions From The New Tax Law Description: The new tax law offers opportunities to reduce taxes, but you must get educated. In this episode, Tom speaks with a real-estate investor who is currently implementing the new tax law and creating big tax...
Episode 07 – Overcome The Fear of Investing & Enjoy Building Wealth
Episode 07: Overcome The Fear of Investing & Enjoy Building Wealth Description: Nobody knows more about your money than you. So why do so many people turn over their hard-earned money to strangers? In this episode Tom explains how you can become a successful...
Episode 06 – How to Achieve Your Financial Goals In 7-10 Years
Episode 06: How to Achieve Your Financial Goals in 7-10 Years Description: You don’t need to wait until you’re 65 to retire and live your dream life. In this episode Tom discusses the financial education he uses to help people achieve their financial dreams in as...
Episode 05 – CPA Edition: How to Improve Your Business
Episode 05: CPA Edition: How to Improve Your Business Description: Tom has prepared a special show for CPAs (that really applies to anyone who owns a business). Find out how to better serve your clients and grow your business. Tom shares hard-earned wisdom from over...
Episode 04 – Live the Life You Want Today
Episode 04: Live the Life You Want Today Description: Find out how to live your dream life today, not 30 years down the road. In this episode, Tom explains that making one change to your wealth strategy can set you on the path to living your dream life today. SHOW...
Episode 03 – How To Stop Worrying About Money
Episode 03: How To Stop Worrying About Money Description: Money is the #1 cause of divorce, and a great source of anxiety for people of all ages. In this episode Tom explains how you can overcome the fear of money and take control of your life. SHOW NOTES: 00:54 - Why...
Episode 02 – 5 Ways You Can Save on Taxes
Episode 02: 5 Ways You Can Save on Taxes Description: The fastest way to put money in your pocket is to reduce taxes. In this episode, Tom offers five ways to legally reduce your taxes. Learn about the best ways to take tax deductions, the best available tax credits...
Episode 01 – Find Out How Taxes Can Make You Wealthy
Episode 01: Find Out How Taxes Can Make You Wealthy Description: Taxes can deplete wealth or help build wealth. In his debut podcast, WealthAbility™ founder Tom Wheelwright dispels many common myths of the tax code, and explains how anybody can start building wealth...
