All Forum Posts by: Stacy Smith

Just got off the phone with Lindsey from the Wealthability team.
The cost was just under 10K for tax strategy only and a little over 15K for tax and wealth strategy. They charge additional fees for tax prep and quarterly meetings on an ongoing basis as well. 
Based on my experience of the conversation I believe the investment makes sense if you're in the six figure net range (and up of course), like I am. Once you've paid in a considerable amount of your wealth year after year as you're building you're business (I built an insurance brokerage from the ground up but new to real estate investing), you become frustrated at the lack of competence and accountability you find even in qualified CPA's as well as the excessive amount you seem to pay Uncle Sam. The fact is, if a CPA is any good they're flooded with clients and are not able to juggle all clients on an individual basis as they initially did. So, the ROI becomes less and less as you work with them unless they can manage to clone them self as Tom appears to be attempting to do.
I don’t have time to do a self study program and they didn’t offer me the option. At this time, I spend 7K annually on fees to my CPA for tax only so this initial figure would be higher but in theory the return should ultimately be more if everything goes according to their claims. 
I am considering their proposal and will likely move forward. If I do I’ll keep posting on my progress. 

@Maurice Bishop Move to Florida! It’s always warm and no state income taxes! 😁

@Joey Wharton How fun! Some beautiful places you have lived! I definitely agree on Lucerne, Switzerland although I was just a visitor and not a resident.

I’ve lived in...a ton of places....hands down Antibes, France was my favorite but in the states any place in Florida near the beach is my preference due to lenient corporate tax laws, cheap property and no state income tax. It’s steamy hot here but that’s why you need a lovely swimming pool!
PS: I have to say Berlin, Germany is also a very awesome place to live but to cold for long term.
Here’s the laundry list of where I’ve lived...in no particular order...

Cedar Lake, IN. (11 years)

Tampa, FL. (off and on the last 30 years)

Fort Lauderdale, FL.(1 year)

St. Pete, FL.(2 years)

Clearwater, FL.(2 years)

Berlin, Germany (2 years total - over 2 different times)

Lille, France (7 months)

Paris, France (4 months)

Antibes, France (5 months)

Overland Park, KS (2 years)

Los Angeles, CA (7 months)

Houston, Texas (2 years) 

Holetown, Barbados (1 year)