Rich Dad Poor Dad Question on taxes

[Andrew Butler]

Hi everyone,

This is my very first post and i have a few questions. I just started listening to the bigger pockets podcasts and i am now obsessed. I love learning and trying to educate myself. It quickly became evident that Rich Dad Poor Dad was a top pick for a book so i'm instantly got it and got into it.

My question:

The author repeatedly states that you should "pay yourself first to motivate you to pay your liabilities with with the money left over from what you get" And one of the major incentives that he gives is that way you're not paying taxes on that money and losing it's earning power. My question is how do you structure this so you don't pay taxes on that money?

My situation:

I'm self employed, 1099 income, and earn roughly 300k a year. I briefly looked into setting up my business as an S Corp to cut down on what i pay in self employment tax, but my understanding is that I make too much to declare a small enough salary to justify getting well under the (I think it was around 127k threshold) <any advice here would also be appreciated. 

But long story short, if there is anyway to "pay myself first" by investing or in any form to lower my income taxes, i would love any advice.