Pinned
I spend a lot of my time in life thinking about personal finance and tax optimization.
See my longer tweets in a thread of threads below. I’ll keep this pinned and updated as I continue sharing ideas.
Mitchell Baldridge
12.3K posts
Mitchell Baldridge
@baldridgecpa
I help Business Owners and Real Estate Investors save tax and keep more of their hard earned money. Building Baldridge Financial @recostseg and @withvisor
- A lady dropped an AirTag in her recycling bin to find out that Houston has collected 250 tons of plastic since 2022 and not recycled any of it.
- Owning a small business is the best tax deal in America. Whether it's a $10K side hustle or $10MM business, earning business income opens up amazing opportunities for tax savings and wealth creation. Let’s walk through how it works:
- Owning a small business is the best tax deal in America. Whether it's a $10K side hustle or $10MM business, earning business income opens up amazing opportunities for tax savings and wealth creation. Let’s walk through how it works 🧵⬇️
- The best advice I always give to newly exited founders: Open a Vanguard account. Not Fidelity. Not Schwab. Vanguard. 'Smart advice,' You might think. 'They do have the lowest fees..' Wrong. Their interface is so awful, you will never trade.. Has saved my clients millions.
- Owning a small business is still the best tax deal in America. The One Big Beautiful Bill just made it even better. Whether it’s a $10K side hustle or $10MM business, the new opportunities for tax savings and wealth creation are next level. Let’s walk through how it works -
- Interesting pattern that keeps popping up - Every 3 months or so I get on a call w a millennial guy who tells me the story about how their dad sold the 4th generation family business to private equity and told them to go get a job.
- A hill I’ll die on: Google Sheets is better than Excel and it’s not even close
- Replying to @baldridgecpaThere was an Episode of Penn and Teller ‘Bullshit’ from 2004 that basically dispelled the myth of recycling Worth digging up and watching Reduce, reuse folks
- TIL Donald Rumsfeld included a letter each year with his tax returns disclaiming, “I have absolutely no idea whether our tax returns and our tax payments are accurate.”
- Owning a small business is still the best tax deal in America. Owning real estate (as a pro) makes it tax-free. Generate cash from your business. Generate losses from your real estate. All cash, no tax. My client made $847K last year and paid $0. Here's the exact blueprint:
- Owning a small business is the best tax deal in America. Whether it's a $10K side hustle or $10MM business, earning business income opens up amazing opportunities for tax savings and wealth creation. Let’s walk through how it works:
