$250M Founder Reveals How The Rich Avoid Taxes (Legally)
About This Episode
Hosts Sam Parr and Shaan Puri interview Ankur Nagpal, founder of Teachable, who shares the tax strategies he used after his $250 million exit. The episode covers advanced wealth-building tools like QSBS stacking and Solo 401ks, alongside tactical advice on credit card point optimization and the health challenges of the traditional Indian diet.
Episode Description
Show Notes
- 0:00Intro
- 3:00Biggest secret to pay less in taxes
- 6:20QSBS - the most generous tax break available
- 15:30Do NOT move to Puerto Rico
- 20:00There's no true alpha in investing
- 25:00Sam's credit card tax hack
- 29:00Solo 401(k)
- 33:30Your CPA is not is not your tax strategist
- 41:30Owning real estate to lower your tax bill
- 43:004 triggers to happiness
- 47:30Putting the Indian diet on blast
Check Out Sam's Stuff
Check Out Shaan's Stuff
Key Takeaways
Maximize the $10 million QSBS tax exemption by 'stacking' shares into multiple irrevocable trusts for family members, essentially multiplying the limit per shareholder.
Never spend credit card points on a bank's internal travel portal; instead, transfer them to international airline loyalty programs like Emirates or Air France to increase point value by up to 70%.
Open a Solo 401k if you have any side business income to deduct up to $69,000 from your taxable income annually and gain the freedom to invest in non-traditional assets like real estate.
Business Ideas Mentioned
Healthy Protein-Focused Indian Food Brand
E-commerce
Turnkey Tax Strategy Data Room
Agency