Episode 181
Matthew Searsley's Transformation: From Legal Practice to Financial Prosperity
Join us in this enlightening episode of The Freedom Nation podcast as we sit down with Matthew Searsley, a seasoned attorney who pivoted to become a tax strategist amidst the economic downturn of 2020. Discover Matthew's journey from the courtroom to the realm of personal finance, where he now helps individuals and businesses navigate the complexities of tax planning to achieve financial freedom.
Key Takeaways:
• Pivoting Careers: Learn about Matthew's decision to shift from being a personal injury attorney to a tax strategist, driven by a significant income drop and a passion for entrepreneurial ventures.
• The Importance of Side Hustles: Matthew emphasizes the value of exploring side hustles, sharing his experiences with digital marketing, Amazon fulfillment, and dropshipping, highlighting the lessons learned from each venture.
• Strategies for Financial Independence: Gain insight into the strategic steps Matthew took to identify lucrative opportunities in tax advising, which quickly transformed his financial landscape and client base.
• Tax Planning Essentials: Matthew shares invaluable tax strategies and planning tips, including the benefits of hiring your children, the significance of bookkeeping, and leveraging deductions to minimize tax liabilities.
• Attorney vs. CPA: Understand the unique advantages of working with a tax strategist who is also an attorney, such as attorney-client privilege, and why it might be a better fit for your financial planning needs.
• The Power of Email Marketing: Discover how Matthew utilized email marketing to dramatically increase his business's revenue, proving the effectiveness of consistent and targeted communication.
• Leveraging AI for Business Efficiency: Matthew discusses how AI tools have enhanced his business operations, from improving persuasive writing to speeding up content creation.
About the Guest:
Matthew Searsley has been practicing law for over 15 years, but his entrepreneurial spirit has led him to venture into business long before that. With a track record of starting 14 businesses over the last 25 years, his journey through entrepreneurship has been nothing short of adventurous. His ventures have spanned various industries, necessitating a deep dive into the complexities of tax law to maximize savings and profitability. This pursuit of efficiency in taxes ultimately led him to two successful ventures: real estate investing and providing tax avoidance strategies to fellow entrepreneurs.
Searsley's expertise in navigating the tax landscape has made him an invaluable asset to those looking to minimize their tax liabilities legally and effectively. His approach to business and taxation is deeply influenced by his libertarian values and passion for freedom, making him a preferred consultant for like-minded individuals and freedom-focused entrepreneurs. Despite this, his broad appeal and expert guidance have earned him a diverse clientele who appreciate his insights and strategies for financial growth and preservation.
Links:
https://www.agoristtaxadvice.com/
Fast Five Questions:
1. If you woke up and your business was gone, you have $500, a laptop, a place to live, and food, what would you do first? “ I would go to a platform like Aweber to set up an email list, create a white paper or similar resource, and use social media to build his email list.”
2. What is the biggest mistake that you have made in business? ”Having a business partnership without a formal agreement, which resulted in a financial loss estimated between $200,000 to potentially half a million dollars, and it also damaged a personal relationship.”
3. What is a book that you would recommend? "The Richest Man in Babylon by George S. Calson”
4. What is a tool that you use every day that you would recommend? "the use of AI, particularly for persuasive writing and creating content like email newsletters, describing it as an incredibly powerful tool for business efficiency."
5. What is your definition of freedom? ”the absence of worry about what might happen next, emphasizing a lack of fear and a sense of control over one's future as key to experiencing true freedom.”
About Jeff:
Jeff spent the early part of his career working for others. Jeff had started 5 businesses that failed before he had his first success. Since that time he has learned the principles of a successful business and has been able to build and grow multiple seven-figure businesses. Jeff lives in the Austin area and is actively working in his community and supporting the growth of small businesses. He is a board member of the Incubator.Edu program at Vista Ridge High School and is on the board of directors of the Leander Educational Excellence Foundation
Connect with the Freedom Nation podcast at https://freedom-nation-podcast.captivate.fm/
Connect with Jeff:
Instagram: https://www.instagram.com/freedomnationpodcast/
Twitter: https://twitter.com/JeffKikel
LinkedIn: https://www.linkedin.com/in/jeffkikel/
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