This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
2 reasons why most people will never experience true wealth
You can be wealthy by working for someone else. But pause and ask yourself the following question:
Do Elon Musk, Jeff Bezos, Warren Buffet, and Mark Zuckerburg work for someone else? No. They don’t.
Most people will never be as wealthy as these four individuals, and no one usually needs to be this rich.
However, there is a point to be made here. The wealthiest people demonstrate a pattern. The pattern is entrepreneurship. Wealthy people have a predictable habit of creating something and hiring other people to help build, refine, and scale what they’ve built.
The government tells you exactly what type of person you need to be to cross over into the wealth bracket. Whoever gets the most tax breaks are the ones the government loves. These people are:
Business owners
Active investors
Business owners create jobs. The government rewards this behavior because that means the government can spend less time creating jobs.
Active investors help business owners create more jobs. These are the people investing
When you work for yourself:
There is no limit to your income.
The tax breaks are breathtaking.
You’re rewarded with financial freedom.
The financial opportunities are limitless.
Primary Reason 2: They pay more in taxes.
Taxes are one of the highest expenses for Americans. We hate tax season – unless we’re planning to get a refund, which you shouldn’t be excited about.
When you get a refund, this often means you loaned your money to the government for an entire year. The government thanks all those who wait to get their money the following year.
If you do [get a refund] it could mean that you overpaid taxes during the year. If this money was paid out to you as income rather than withheld at payroll, you could have used it for investments or other money-making ventures. (Source: The Balance)
W-2 People Pay More In Taxes
If you work a W-2 job, odds are you’re paying more in taxes. The government doesn’t reward the takers. The government only rewards the givers.
I recently released the article: You need a side gig if you want to pay less in taxes. It’s true.
Now I know you’re not like all Americans. We have clients that are single, retired, married, children, no children, etc…But let me tell you what’s going to happen. I’m going to plug the figures you have just given me into your tax return, and you’re going to be screwed. I hate to tell you, but I can’t help you in your particular situation. You’re not giving me anything to work with (Mark J. Kohler’s CPA).
Owning a business or running a side gig of some sort is the way to decrease your taxes. The government provides so many tax breaks to those who financially contribute to the nation’s economic situation.
Rich people, business owners and active investors, utilize tax CPAs or learn enough tax lingo themselves to help them save on taxes [one the highest expenses] every year.
It’s not always about what you make; it’s about what you keep. The government takes the most from the takers (non-producers and non-contributors). If you want to keep more of what you make, cross-over over into the business owner and investor profiles.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.