I Made $3.3M, Here’s How

Noah Kagan Presents

Noah Kagan

Entrepreneurship, Business

4.7 • 1K Ratings

🗓️ 22 May 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My company AppSumo is running an insane giveaway right now, where we are giving away a Cybertruck! Go to http://appsumo.com/sumoday/ to enter

Here is your Harvard Business Review hook up with 10% off a subscription for access to business advice articles and their world class case studies. Go to hbr.org/subscriptions and use promo code NOAH for 10% off.

In today's episode, I break down how I made $3.3 million last year and how I spent it. Now, this isn't about boasting; rather, it's a transparent look into the complexities of managing substantial sums of money. There’s a lot of misconceptions about personal wealth management out there so I wanted to help share some clarity on how I do things.

I’m super proud of where I’ve gotten to in recent years but managing this level of income presents a lot of challenges. I've been striving to streamline my finances, and you can join me on this journey. I hope you can be inspired and get rich as well. It’s a great feeling and I know you can do this too.

In this episode, you’ll enjoy 3 BIG things:

How to invest back into your business to foster future wealth.
How to shield yourself from tax liabilities by using your personal projects as LLC’s.
What does having lots of money really mean to life satisfaction?

You’ll enjoy these things and a whole lot more.

If you liked this episode about hacking your wealth, you’ll also enjoy an older episode we did with Jeff Rose from Wealth Hacker (YouTube channel) you can find that as episode 194 in this feed.

I have also been sharing emails on my brutally honest advice on a variety of topics. People have been loving it. Sign up at noahkagan.com and join 350k other people who get juicy insights every week.

Transcript

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0:00.0	What is up you sexiest bastard of the entire planet? It is your boy.
0:09.0	Mr. Steele your pennies aka a rabbi can't Lose, aka Noa Kagan, coming in spicy.
0:16.1	In today's show for some odd reason, I'm going to share exactly how much I made last year,
0:20.3	which was $3.3, and how I spent it.
0:24.0	Now, this is not about bragging or boasting.
0:26.9	I want to do a transparent look into the complexities of making money
0:30.4	and how you can do it for yourself.
0:31.9	Now, there's also a lot of misconceptions about
0:33.5	personal wealth management and so I want to share some clarity on how I do these
0:37.4	things because I've started out jobs where I made zero dollars a year and I'm
0:41.5	super proud of where I've gotten to in recent years, but there's definitely
0:44.5	complexity in growing this amount of money and also dealing with it. I hope you can be inspired
0:48.9	to get rich in your own life as well. It is an amazing feeling. It's something I'm still working on my own
0:53.3	self-worth and feeling more security financially but also just more
0:56.3	emotionally and mentally. And I want you to join me on this journey. I want to hear
0:59.2	about your income and make it not such a taboo subject and something that all of us can be talking about maybe more openly
1:05.0	so that you can be living your dream lifestyle, whether you're making over a millions of dollars a year
1:09.0	or you're making a few thousand bucks a month, having your own business and loving that too. Now in this episode you're
1:14.6	going to learn three gigantic things. Number one, how to invest back into your
1:19.5	business to foster future. Well, number two, how to avoid taxes? I don't know. People love
1:26.2	talking about taxes. I don't have as much time to optimize my taxes but I'll give you
1:29.5	a few things in the show that will help you with yours. And number three, what
	...

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