Savvy or Surrender - Your Guide to Profit, Cash Flow, and Tax Savings
Running a business shouldn’t feel like a never-ending fight for cash. On Savvy or Surrender, host Steven Young cuts through the noise and shows real business owners how to take control of their numbers, keep more of their hard-earned money, and build a business that actually pays them back.
Each episode gives you practical strategies you can use right away — from fixing cash flow bottlenecks, to implementing Profit First, to unlocking tax savings most owners never hear about. No jargon. No fluff. Just clear guidance, real-talk coaching, and a little humor to keep things human.
Whether you’re a contractor, service pro, or business owner who’s tired of working hard with nothing to show for it, this is your go-to show for leveling up your money decisions and building a business that supports your life… not the other way around.
Choose to be Savvy — or surrender your profit. The choice is yours.
Savvy or Surrender - Your Guide to Profit, Cash Flow, and Tax Savings
What the Wealthy Know About Taxes: Episode 8
What the Wealthy Know About Taxes – Savvy or Surrender Podcast (Episode 8)
❗Don’t forget to download the episode — that way you never miss the game-changing cash flow tips that keep your business running strong.
Welcome back to Savvy or Surrender! In this episode, our host Steven Young reveals the tax strategies the wealthy use to maximize their savings and grow their wealth—strategies that most business owners have never been taught. If you want to stop leaving money on the table and start playing by the rules that benefit you, this episode is a must-listen.
Timestamps & Topics Covered:
00:00 – Introduction: The IRS and Your Intentions
01:00 – Why Most Business Owners Miss Out on Tax Savings
02:00 – Tax Prep vs. Tax Strategy: What’s the Difference?
04:00 – The Wealthy’s Playbook: Entity Structuring (LLC, S-Corp, C-Corp)
07:00 – Hiring Your Kids: A Legitimate Tax Write-Off
10:00 – The Augusta Rule: 14 Days of Tax-Free Income
13:00 – Cost Segregation: Advanced Real Estate Strategies
16:00 – Section 179: Writing Off Equipment Purchases
18:00 – S-Corp Payroll Optimization: Save on Self-Employment Tax
21:00 – Accountable Plans: Reimbursing Personal Business Expenses
24:00 – Retirement Strategies: Solo 401k & Defined Benefit Plans
26:00 – Energy Credits & Other Opportunities
28:00 – Common Mistakes Business Owners Make
31:00 – Taking Action: The 360 Tax Assessment
33:00 – Closing Thoughts & Next Episode Preview
Key Takeaways:
Tax strategy is about being proactive, not just filing paperwork.
The wealthy use legal structures and strategies to minimize taxes.
Hiring your children, leveraging the Augusta Rule, and cost segregation can save thousands.
Don’t commingle business and personal funds—structure matters!
A 360 tax assessment can reveal savings you never knew existed.
Resources Mentioned:
MeetWithSavvy.com – Schedule your 360 Tax Assessment
“The 7 Habits of Highly Effective People” by Stephen Covey
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Thanks for tuning in to Savvy or Surrender. Stay savvy, and see you next week!
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