Edward Collins

I Help US Business Owners Create Generational Wealth Tax Reduction | Asset Protection | Wealth Preservation Want To See If We Are A Fit? Click here ⬇️

[Edward Collins @edwardupleveled]

It may not be your fault, but it is your problem. According to Forbes, more than 9 out of 10 high earners in the United States overpay their taxes each year. Even if that’s only $50,000 or $100,000 dollars in your case … that’s $500k to $1m sent to the IRS over the past Decade.

[Edward Collins @edwardupleveled]

If You’re A High Earner You’ve Certainly Heard Of The Benefits Of Hiring A Players. Unfortunately So Many Don’t Do It. Even Those That Do, Stop At Only Hiring A Players For Their Internal Team. But You Tolerate B & C Players In The Professionals You Hire To Uplevel Your Finances!

[Edward Collins @edwardupleveled]

Most high earners think they need to make more money in order to win.

What they really need …

Is to stop losing so much of the money they already make. That’s life changing as you scale!

[Edward Collins @edwardupleveled]

Unpopular Take:

Money doesn’t solve all problems. But it has a remarkable ability to solve Money Problems.

Uplevel to keep, protect, multiply, and pass on wealth with intention, and you’ll finally have the time & focus freedom to tackle the non-money problems weighing you down.

[Edward Collins @edwardupleveled]

Most business owners don’t have a tax problem. They have a structure problem.

Wrong structure =

→ higher taxes
→ poor asset protection
→ zero legacy planning

Solution?

Fix the structure → fix your financial life.

What’s 1 thing you wish you knew about this 5 years ago?

[Edward Collins @edwardupleveled]

Structure > Strategy in Volatile Markets

Your business might survive this Market Correction. Will your Wealth?

❌ High Taxes
❌ Lawsuits
❌ Policy Whiplash
❌ Asset Exposure

When markets get messy, structure becomes your shield. Sadly, most business owners are wide open!

[Edward Collins @edwardupleveled]

Regret Is Not Born From A Lack Of Results. Regret Is Born From A Lack Of Work. Work Is The Productive Utilization Of Energy And Time. You Only Experience Regret Looking Back And Wondering “What If I Would Have Given It My All?”

[Edward Collins @edwardupleveled]

Most accountants focus on compliance, not tax reduction. They’re taught to be experts in reporting to the IRS, not finding ways to save you money. That’s why many end up being more like historians, just documenting what’s already happened.
#Taxes

[Edward Collins @edwardupleveled]

Keeping your name off public records when it comes to your assets is important. Whether it’s using trusts or LLCs, having the right protection can make all the difference.
#AssetProtection

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[Edward Collins @edwardupleveled]

This is not how starting an LLC works. For starters, you must have a business concern in order to open an LLC and secondly, you don't simply create business credit by opening a business checking account. Financial Literacy is king.

[Edward Collins @edwardupleveled]

The average hold period for a house in the US is around 7-8 years and if you're negotiating a lower purchase price to save on your monthly payment, you'll never realize the full price reduction unless you stay there for the full term.

[Edward Collins @edwardupleveled]

If you run an online business, make sure your operating company is set up in the state where you actually live and work. The IRS will usually default to the state laws that you're operating in if any conflict exists.

[Edward Collins @edwardupleveled]

This is Edward-Verified!
When it comes to trusts and asset protection, setting up a trust is only half the battle. It's important to properly fund it by retitling your non-qualified financial accounts into the trust.

[Edward Collins @edwardupleveled]

I teach my mentees to establish trusts in their state of residence because we utilize the trusts as estate planning tools, not as asset protection tools.

If you want more information on how you can structure entities to protect and grow your assets, check out the link in my bio.

[Edward Collins @edwardupleveled]

I've developed a comprehensive framework, it's called The Real Wealth Matrix that incorporates trusts, holding companies, and operating companies. If you're interested in a full breakdown, check out the full video breakdown on my YouTube Channel!
#Business

[Edward Collins @edwardupleveled]

Borrowing against appreciated assets like stocks or real estate means you can access cash without triggering taxable events. Just remember, while loans aren't taxed, this doesn't mean you're avoiding taxes forever—it's all about timing and strategy.
#TaxStrategy

[Edward Collins @edwardupleveled]

I absolutely love the idea of teaching kids financial responsibility through earning and budgeting! But teaching your kids sound financial literacy principles may be even more important for their financial future. Check out the link in my bio to find out more!

[Edward Collins @edwardupleveled]

It's tempting to get creative with tax strategies, but some things just don’t hold up when it comes to the IRS. Even if you start a YouTube channel to showcase a Rolex as inventory, wearing it for personal use may trigger some serious tax penalties.
#Taxes

[Edward Collins @edwardupleveled]

While splitting your mortgage payment in two doesn't reduce interest, opting in for bi-weekly payments can cut down your principal amount quickly and reduce the amount of interest you pay over time.
#Mortgage

[Edward Collins @edwardupleveled]

If you're thinking about turning your investment property into your primary residence to avoid capital gains tax, be careful. You could trigger depreciation recapture and end up paying more in taxes than you expect.