Living Boldly With Purpose

Patrick Rood: How to Keep More of Your Money, Avoid IRS Mistakes, and Build Real Wealth

Dr. Brian E. Arnold Episode 101

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Today’s guest, Patrick Rood, shares powerful insights on money, taxes, mindset, and responsibility. His journey started with watching his father lose a successful business due to poor tax strategy and that moment shaped his entire mission.

Now, Patrick helps people legally keep more of their money, structure their businesses the right way, and avoid costly mistakes that most people don’t even know they’re making.

This episode isn’t just about taxes. It’s about:

  •  taking ownership of your life 
  •  removing shame around money 
  •  understanding how systems actually work 
  •  building wealth through awareness and strategy 
  •  shifting your mindset from avoidance to action 

One of the biggest truths shared in this episode:

Your ego will keep you broke.

If you avoid looking at your finances, your situation won’t change. But if you face it, you can fix it.

Patrick breaks down:

  •  why most people are overpaying in taxes 
  •  how side hustles can actually increase your refund 
  •  the biggest mistakes people make with LLCs and business structures 
  •  why you don’t need complicated setups to start 
  •  how to use the tax code legally to your advantage 
  •  what to do if you’re struggling financially right now 

He also shares real strategies, including:

  •  how to get help with the IRS 
  •  why awareness is the first step to change 
  •  how your network directly impacts your net worth 
  •  why no one is coming to save you—and why that’s empowering 

This episode will challenge the way you think about money, time, responsibility, and opportunity.

If you feel stuck, overwhelmed, or unsure where to start—this conversation is for you.

Key Takeaways

  •  Your ego can keep you stuck financially 
  •  Awareness is the first step to changing your situation 
  •  You must take responsibility for where you are 
  •  Most people are using the tax system incorrectly 
  •  Simple strategies often outperform complicated setups 
  •  Your network directly impacts your growth 
  •  Time is your most valuable asset—spend it wisely 
  •  You don’t need more information, you need better application

Patrick Rood is a tax strategist and business advisor who helps entrepreneurs and business owners legally keep more of what they earn. His work is deeply personal, shaped by watching his father lose a successful business because of poor tax guidance. Today, Patrick helps clients create better structures, smarter strategies, and more financial clarity so they can build wealth without unnecessary loss.

He is also the creator of the Dirty Little Secret Society, a community designed to help people understand tax strategy, business structure, and financial decision-making in a practical and accessible way.

How to Connect with Patrick

Email: info@roodfinancial.us

Phone: 440-265-9143

You can also find Patrick and his team thro

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