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Attractive Mindset
In an age of social influence and you can be whoever you want to be on the internet; we wanted to take time to slow down and focus on two things are "success". First, what are some obstacles you deal with on your way to success, that aren't often shown like the wins are. Secondly, what kind of MINDSET ensues with that, triggering a lifestyle around The Law of Attraction. Bringing you answers from some of the most brilliant and successful minds locally and globally, we present Attractive Mindset with our host Mastermind Rich; a serial entrepreneur and business mindset coach.
Attractive Mindset
93% Overpay Taxes: CFP Explains How the Wealthy Pay less taxes (Legally)
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Board-Certified Financial Planner Mario Payne breaks down how the wealthy structure money, taxes, and estate plans — and how you can use the same playbook: LLC vs S-Corp, cost segregation, Augusta Rule, hiring your kids, leveraging debt, AI automation, and why 93% of people overpay taxes. He also shares the $4M corporate save that earned him… a pizza party (and why it pushed him into entrepreneurship).
What you’ll learn
- The tax strategist vs CPA difference (and why refunds ≠ a win)
- Smart entity structure: LLC, S-Corp, Partnership, C-Corp
- Real estate moves: cost segregation & accelerated depreciation
- Augusta Rule, hiring your kids, oil & gas deductions
- Estate planning 101: trust vs will vs power of attorney
- Scaling with AI + VAs (75% productivity boost)
- The mindset shift from hustle → purpose & systems
Chapters
- 00:00 Intro: Who is Mario Payne?
- 01:14 The problem: 93% overpay taxes
- 02:52 College → internship → military → near-death pivot
- 04:11 GE: saved $4M → got a pizza party
- 05:31 Leaving corporate → door-to-door advisor in a recession
- 08:52 Starting the firm: buying the building w/ SBA (veteran, 0% down)
- 10:29 Framework: keep expenses low, leverage debt, grow slow
- 12:38 2025 team: 14 staff, AI automations = +75% productivity
- 14:08 “ChatGPT-5 is crazy” — personal VAs for the team
- 15:16 AI & jobs: why you must lean in
- 19:33 Internet “trolls,” compliance & myth-busting
- 24:14 Managing $1M vs $5M: allocations vs tax conversations
- 27:15 Tax strategist vs CPA — aim for $0 taxes, not refunds
- 29:05 Section 162 and “ordinary & necessary” expenses
- 31:14 Documentation & piercing the corporate veil
- 39:22 Best entity setup for entrepreneurs (LLC → S-Corp → C-Corp)
- 42:14 Real estate: cost seg & accelerated depreciation (27 yrs → 5 yrs)
- 44:27 Estate planning: trust, will, POA (and why probate is brutal)
- 45:09 Mario’s AI-powered estate platform
- 56:25 Worst mistake: buying a semi-truck without a mentor
- 1:00:12 Client behavior & spending discipline
- 1:01:34 How to work with Mario + resources
Follow the guest: https://www.instagram.com/paynefulprofits/
Challenge Link: https://therelaxinvestor.com/
Mastermind Link: https://therelaxestate.com/
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Website: https://attractivemindsetstudio.com/