93% Overpay Taxes: CFP Explains How the Wealthy Pay less taxes (Legally)

Send us a text

Subscribe to our newsletter for discounts from guests, private episodes, updates and of course to learn deeper about what we do!
https://lp.constantcontactpages.com/sl/ZbNXdUy/AMNetworkSignUp

Join the Attractive Mindset Network Community — a space for learners, creators, and entrepreneurs to grow together. Whether you’re just starting or already building big, you’ll find tools, insights, and connections to unlock your next level. https://www.skool.com/attractivemindsetnetwork

Board-Certified Financial Planner Mario Payne breaks down how the wealthy structure money, taxes, and estate plans — and how you can use the same playbook: LLC vs S-Corp, cost segregation, Augusta Rule, hiring your kids, leveraging debt, AI automation, and why 93% of people overpay taxes. He also shares the $4M corporate save that earned him… a pizza party (and why it pushed him into entrepreneurship).

What you’ll learn

• The tax strategist vs CPA difference (and why refunds ≠ a win)
• Smart entity structure: LLC, S-Corp, Partnership, C-Corp
• Real estate moves: cost segregation & accelerated depreciation
• Augusta Rule, hiring your kids, oil & gas deductions
• Estate planning 101: trust vs will vs power of attorney
• Scaling with AI + VAs (75% productivity boost)
• The mindset shift from hustle → purpose & systems

Chapters

• 00:00 Intro: Who is Mario Payne?
• 01:14 The problem: 93% overpay taxes
• 02:52 College → internship → military → near-death pivot
• 04:11 GE: saved $4M → got a pizza party
• 05:31 Leaving corporate → door-to-door advisor in a recession
• 08:52 Starting the firm: buying the building w/ SBA (veteran, 0% down)
• 10:29 Framework: keep expenses low, leverage debt, grow slow
• 12:38 2025 team: 14 staff, AI automations = +75% productivity
• 14:08 “ChatGPT-5 is crazy” — personal VAs for the team
• 15:16 AI & jobs: why you must lean in
• 19:33 Internet “trolls,” compliance & myth-busting
• 24:14 Managing $1M vs $5M: allocations vs tax conversations
• 27:15 Tax strategist vs CPA — aim for $0 taxes, not refunds
• 29:05 Section 162 and “ordinary & necessary” expenses
• 31:14 Documentation & piercing the corporate veil
• 39:22 Best entity setup for entrepreneurs (LLC → S-Corp → C-Corp)
• 42:14 Real estate: cost seg & accelerated depreciation (27 yrs → 5 yrs)
• 44:27 Estate planning: trust, will, POA (and why probate is brutal)
• 45:09 Mario’s AI-powered estate platform
• 56:25 Worst mistake: buying a semi-truck without a mentor
• 1:00:12 Client behavior & spending discipline
• 1:01:34 How to work with Mario + resources

Follow the guest: https://www.instagram.com/paynefulprofits/

Challenge Link: https://therelaxinvestor.com/
Mastermind Link: https://therelaxestate.com/
Follow Us: Facebook: https://www.facebook.com/attractivemindsetnetwork
Instagram: https://www.instagram.com/attractivemindsetnetwork/
Website: https://attractivemindsetstudio.com/