In this episode: Katie asks Tara how much she pays herself and how much she spends.
- Does Katie need a new tax strategy?
- Strategic planning for building generational wealth within families
- Katie tries to convince Tara to invest in the S&P 500
- Why Tara is betting on herself
- Where entrepreneurs put their money more generally
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00:00-02:30 How Much Sam Parr spends monthly
02:30- 10:00 Tara's spending habits
10:00-12:30 Katie's spending habits
12:30-15:32 How much do you pay yourself?
15:35—18:31 Knowing your Net Worth
18:31—25:35 Investing as an entrepreneur
25:35- 31:17 Tax Strategies
31:13- 37:14 Diversifying Your Stock Portfolio
37:44- 46:33 Saving Generational Wealth
46:35- 49:13 Building Generational Wealth in Your Family
49:33- 52:17 Get a CPA!
