Instead of just giving your kids an allowance… show them how to build real wealth 🧠💼 Inside my
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Summary
AI-generatedMichael Chang shares his strategy for building generational wealth by legally hiring his children through his LLC, paying them up to $14.6k/year tax-free, deducting their wages as a business expense, and investing their income in a Roth IRA, leveraging STR tax strategies.
Key insights
Investing your children's income in a Roth IRA can create generational wealth.
Mistakes to avoid
Don't skip documenting age-appropriate tasks for your children; this is essential for legally hiring them through your business.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial