Hey there! Welcome to the Independent Money newsletter 👋 We’ll be exploring the latest financial news and discussing how it affects entrepreneurs like you. Plus, we'll share some awesome wealth creation insights from successful entrepreneurs.

Let’s dive in! 🏊‍♂️

First time reader? Subscribe here. 

In this week’s Independent Money newsletter, we’re covering:

• QSBS: Pay Zero Taxes on $10M

• Credit Card Points: Use your business credit card points on yourself and your family

• What’s Happening at Carry? Get our Tax Saver Bundle before Nov 21

Pay Zero Taxes on $10M with QSBS

If you’re a small business owner, startup founder, employee with equity, or startup or venture founders, then this next strategy could save you a lot.

Qualified Small Business Stock Exemption (QSBS) QSBS allows you to avoid taxes on up to $10M in capital gains or 10x the investment you made in an eligible company.

Let’s say you sell your company for $10M:

• Without QSBS: you might have to pay up to $3.5 million in taxes

• With QSBS: you may pay nothing in taxes. 

How to qualify:

1) Be a U.S. C-Corp

2) Have <$50 million in assets when issuing stock

3) Started your business after 9/28/10 (for a 100% exemption)

4) Must hold stock for at least 5 years

Use Your Business Credit Card Points on Yourself

When you own your own business, you can spend money for your business on a credit card. Then, you can use those points for yourself and your family.

How it works?

• Put all business expenses on a credit card and set it to autopay every month

• Credit cards are a terrible deal if you go into debt and need to pay high rates

• But if you pay it off every month, credit card points are free money

• If you travel a lot, this can be more valuable than cash

The BIGGEST mistake you can make is to login to your card provider to book travel.

Instead do this 10 minute hack:

• Creating an account with a travel partner

• Searching for a flight and hotel there

•  Transfer your points right before booking 

What’s Happening at Carry?

Here’s what you can expect in the coming weeks

See the full list of events here. ⏰

Want More?

Still can’t get enough? Well, we’ve got you covered!

Think your friends might like it? Be sure to share it with them! 📩

If you want more resources on building wealth as an solopreneur/entrepreneur, check these out:

• The Solo 401k handbook 

• Common Solo 401k FAQ

• What is a Solo 401k?

• How to Open a Solo 401k

• Solo 401k Contribution Calculator