🏞️ Sign up for free and exclusive updates: https://camp.beehiiv.com/subscribe Elliot Omanson is the CEO of Owlfi and a tax genius. He spends all day trying to find loopholes and tactics to pay no taxes, and because of this has a network of some the the wealthiest and powerful people on the planet. Don't be fooled by the Chiefs Jersey, Elliot is the real deal. WELCOME TO CAMP! Thanks to Morgan and Morgan Bluechew for supporting this show Produced and Edited by @99OvrAll TIMECODES 00:00 Intro 01:13 Dressing to impress 02:34 How do rich people avoid paying taxes? 17:56 Children don’t know about money + Taxes are rules to the game 19:58 Practical tips for lowering taxes + 401k & social security ain’t as itseems 31:46 Backdoor Roth comes to the rescue 34:51 What else can we do? Attempting to turn profit 37:34 IRS got an army but don’t be scared 39:00 Tax laws, 2017’s impact & intangible drilling costs 46:33 Pros & cons, call by section name 54:03 CPAs aren’t useless but… 56:41 Insurance companies have super powers 1:11:30 CPAs don’t understand insurance + bundle or unbundled? 1:13:22 Infinite Banking + life insurance is POWERFUL 1:18:31 Juicy tips - G Wagon, Augusta + charitable donations 1:26:55 Universities are hedge funds 1:28:37 Old Money - Rothschilds, Royal Families & low profiles 1:33:05 Early life, Mormonism, Enlisting + creating own success 1:45:26 Coming home from war + appreciation for life 1:51:20 Freedom not things makes you happy 1:55:55 Andrew Schulz’s mentorship