Step #1 / Watch the Video

Today, we’re talking about the first rule of money: It’s not about chasing better 401(k) returns, day trading, or giving up more of your time to earn extra income. The real key to building wealth is learning how to keep more of what you already earn. Mike Neubauer breaks down the fundamental strategies for paying less in taxes—because every dollar you save in taxes is a dollar you can reinvest in your future. This episode will show you how focusing on reducing your tax burden is a more efficient and sustainable path to wealth building than trying to outwork or outsmart the market.

Step #2 / Reflect and Analyze

Now that you’ve watched, take a moment to consider how this concept applies to your current financial approach. Instead of focusing on increasing your income or seeking higher returns, think about how you can optimize what you already earn by paying less in taxes

What you should have gained from this video:

• Shift in Wealth-Building Priorities: Understanding that reducing your tax liability is often more impactful than striving for higher investment returns or working harder for more income.
• Effective Tax Strategies: Realizing that by keeping more of your income, you’re accelerating wealth-building without additional effort or risk.

Questions to Ponder:

• How much of your current wealth is being diminished by taxes?
• Have you taken advantage of all available strategies to reduce your tax burden?
• What steps can you take to prioritize keeping more of your income, rather than working harder for additional money?

Step #3 / Make Your Day 3 Post

Think about how much time you spend earning dollars that your bank account will never even see. Look at your “dollar calendar” and share in the Doctors & Dollars community that first thought you had when you saw what your Monday is wasted on. Just click one of the buttons below.

What’s Coming Tomorrow?

You’ve successfully completed Day 3! By mastering the first rule of money—keeping more of what you earn—you’ve laid the groundwork for a more effective and sustainable wealth-building plan. Tomorrow, we’ll be diving into protecting your wealth. Having the right structure in your wealth plan and your estate plan is crucial to ensuring what you’ve built today lasts through your family’s generations beyond.