Scott Oldford
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I help Online Entrepreneurs grow their business. Over 200+ Entrepreneurs Past 7 Figures. 250,000 copies of my books in hands. Creator of AI Scaling Agents.
1.2K Following 15K Followers 1.3K Posts
Latest posts 5
I don't know @GrantCardone
Feel neutral about him. Some of my friends love him. Some of my friends can't stand him.
Doesn't matter for what I'm about to say.
Watching his deposition this week..
It's a textbook of the real reason he's built what he's built.
Feel neutral about him. Some of my friends love him. Some of my friends can't stand him.
Doesn't matter for what I'm about to say.
Watching his deposition this week..
It's a textbook of the real reason he's built what he's built.
Debt collection is hilarious…
A few years ago, I had a business that didn’t work out.
Divvy (acquired by @billcom) was a credit processor we used.
When things go south in a business— you need to revise the agreements.
I reached out to them to advise a payment schedule
A few years ago, I had a business that didn’t work out.
Divvy (acquired by @billcom) was a credit processor we used.
When things go south in a business— you need to revise the agreements.
I reached out to them to advise a payment schedule
Looking to buy an AI Newsletter.
Ideally over 25,000 subscribers.
Can make it happen before 12/31.
DM me please.
Ideally over 25,000 subscribers.
Can make it happen before 12/31.
DM me please.
So there’s this tax proposal…
That everyone in business* America is talking about…
It goes like this…
If you are rich…
You’ll be taxed on unrealized gains.
45% to be exact.
Now this is a great strategy to get the mass majority of people to vote for you.
(It barely effects anyone who is voting)
But it’s a terrible strategy…
Why?
If you are rich…
You either
A. Helped and added value to others
B. Stole the money or manipulated others into giving that money.
C. Your family gave you that money.
There’s really only those three ways.
The problem with this strategy…
Those people who make this money?
They are just going to move.
Why?
Because taxing unrealized gains is the stupidest way to tax someone I’ve ever heard of.
It’s pure delusion.
If I own a company and the value goes from $1M to $10M… you would end up paying taxes on 45% of $9M.
But if that company in 2 years goes bankrupt.
You don’t get it back.
Obviously it makes sense that this a popular strategy on a political basis (regardless who have it)
Why?
Most people dislike wealthy people.
It’s perhaps the biggest thing that stops many entrepreneurs I mentor.
The fear they will become what they dislike, or that their friends or family dislike.
I would say this comes up 80% of the time with those who are starting to surpass $3-5M/year…
If not consciously…
Certainly subconsciously.
And truth is…
If you are reading this.
Chances are you being rich is a direct connection to you helping other people.
While society doesn’t see it that way…
I think it’s important to realize that this single thing is the reason why entrepreneurs self sabotage.
You cannot be something you hate— easily.
The act of staying small doesn’t do anyone good.
Besides the haters of the “rich”.
Long live capitalism and the ability to make as much money as I fucking want too 🚀.
That everyone in business* America is talking about…
It goes like this…
If you are rich…
You’ll be taxed on unrealized gains.
45% to be exact.
Now this is a great strategy to get the mass majority of people to vote for you.
(It barely effects anyone who is voting)
But it’s a terrible strategy…
Why?
If you are rich…
You either
A. Helped and added value to others
B. Stole the money or manipulated others into giving that money.
C. Your family gave you that money.
There’s really only those three ways.
The problem with this strategy…
Those people who make this money?
They are just going to move.
Why?
Because taxing unrealized gains is the stupidest way to tax someone I’ve ever heard of.
It’s pure delusion.
If I own a company and the value goes from $1M to $10M… you would end up paying taxes on 45% of $9M.
But if that company in 2 years goes bankrupt.
You don’t get it back.
Obviously it makes sense that this a popular strategy on a political basis (regardless who have it)
Why?
Most people dislike wealthy people.
It’s perhaps the biggest thing that stops many entrepreneurs I mentor.
The fear they will become what they dislike, or that their friends or family dislike.
I would say this comes up 80% of the time with those who are starting to surpass $3-5M/year…
If not consciously…
Certainly subconsciously.
And truth is…
If you are reading this.
Chances are you being rich is a direct connection to you helping other people.
While society doesn’t see it that way…
I think it’s important to realize that this single thing is the reason why entrepreneurs self sabotage.
You cannot be something you hate— easily.
The act of staying small doesn’t do anyone good.
Besides the haters of the “rich”.
Long live capitalism and the ability to make as much money as I fucking want too 🚀.