E171 Manifesting More and Writing it Off with Barbara Schreihans

In this episode of Meant to Win, Dr. Stephanie Wigner sits down with her dear friend Barbara, founder of Your Tax Coach, who built a tax firm to eight figures with a 40-person team over 17 years. Barb rapid-fires the strategies most practitioners and online business owners miss: getting your S corp structure right, buying your brick and mortar to use the self rental aggregate election, and writing off wellness expenses like peptides, red light saunas, and gym memberships through a second company. She also defends her most controversial take, that you can write off clothing: "how do you think Mr. Beast is writing off a Lamborghini that he's blowing up?" Then the conversation goes deeper, into the money stories both women had to rewrite as the first in their families to build wealth, the People magazine cover of matching $75,000 G-Wagons Barb manifested into her own garage 20 years later, and the breaking point at month 13 of 20-hour days that forced her first hire. This one is for every business owner who's figured out how to make money and now needs to learn what to do with it, and who's still carrying the belief that working harder is what makes them valuable.
CHAPTERS
01:27 Three Tax Strategies Most Business Owners Miss
03:07 Writing Off Wellness Expenses
04:49 The Clothing Write-Off Hot Take
05:55 The Documentation That Protects You
06:19 Stop Taking Money Advice From Jimmy
08:54 The Kardashians and Rewriting a Money Story
10:04 Manifesting the Matching G-Wagons
11:45 Jealousy Is a Secret Desire
14:23 The Breaking Point at Month 13
15:48 Hiring Help at Home and in Business
20:28 What Barb Is Building Next: Community
21:27 The Power of Getting in the Room
KEY TAKEAWAY
Making money is only half the game; knowing what to do with it is the other half. Get right with your money in all ways, and get in rooms with people who are already where you want to go. If you're wanting to learn more about what to do with your money book a call with Your Tax Coach here: yourtaxcoach.com/strategy-affiliate