The IRS just announced the new tax brackets for 2025, reflecting slight adjustments for inflation. Here’s what you need to know: 💡 Key Points: - Marginal Tax Rates: The income ranges for each tax bracket have shifted slightly. This could affect your tax planning and the amount of taxes you owe. - Standard Deduction: The standard deduction has also increased, meaning more income will be shielded from taxes for most taxpayers. - Tax Planning Opportunity: Now is a great time to review your tax strategy for the upcoming year. Consider how these changes might impact your income, deductions, and overall tax bill. 📈 Take Action: Revisit your financial plan and consult with a tax advisor to maximize your savings and ensure you’re prepared for the changes.

🌟 Happy Friday, Wealth Akademy! 🌟 We hope you’re closing out the week with purpose and drive! Today’s topic touches on a tool many of us use daily but can also be a double-edged sword: 💳 Credit Cards: Financial Tool or Debt Trap? Here’s why credit cards can either boost or break your financial future: Why Credit Cards Can Be Useful: - Convenience & Rewards: Earn cash back, points, or miles while managing everyday expenses. - Building Credit: Responsible use helps improve your credit score, unlocking better rates for loans or mortgages. - Purchase Protection: Some cards offer extended warranties, fraud protection, and more, adding security to big purchases. The Risks of Credit Card Use: - High-Interest Rates: If balances aren’t paid in full each month, interest can pile up fast, eating into your wealth. - Debt Spiral: It’s easy to overspend and fall into a cycle of debt that becomes hard to escape. - Impact on Credit Score: Mismanaging credit can hurt your credit score, limiting financial opportunities in the future. 📊 Take the Poll: Do you view credit cards as a financial tool or a debt trap? 💬 Let’s Talk: How do you manage your credit card use? What strategies do you use to avoid falling into debt while maximizing benefits? 🚀 Let’s share experiences and strategies to make sure credit cards serve our wealth-building goals, not hinder them!

https://youtu.be/_XAJnf4jtSY?si=3s2r9M4QmqoKNFRK If you haven't seen it yet, Harris's tax proposal for unrealized gains has been a hot topic of discussion across social media the past few weeks. Kyle and Renji broke it down in one of their recent podcast episodes discussing the potential impact on the wealthy and the broader implications for the economy. What do you think about this tax proposal?⤵️

TODAY is the PERFECT day to start a 100 day challenge and level up. Watch the video below! 👇 What are you challenging yourself with? Let's share below and hold eachother accountable!

Wealth Builders! As we kick off a new week, I want to remind you of something important: Fear may feel massive, but it’s often not as deep as it seems. In the world of entrepreneurship and wealth building, fear can be a constant companion—whether you're about to pitch a new business idea, make a bold investment, or take a leap into unfamiliar territory. But here’s the truth: fear is just a mile wide and only an inch deep. Take Walt Disney, for example. He faced countless rejections and failures early in his career. Fear could’ve paralyzed him, but instead, he kept taking small steps forward. His persistence turned those fears into triumphs and his dreams into reality. This week, I encourage you to adopt the same mindset. Face your fears head-on, knowing that they’re often more about the unknown than real obstacles. Every step you take toward your goals makes those fears shrink a little more. Here’s how you can apply this today: Acknowledge the Fear – Fear is part of the journey, not a reason to stop. Break it Down – What are you truly afraid of? Break those fears into manageable parts. Take Small Steps – Start with one action that moves you closer to your goal. Remember Your Successes – You've overcome challenges before. Use that as fuel. Embrace Growth – Fear often means you're on the brink of something big. You are capable of turning your fears into stepping stones toward success. Let's make this week count—one bold step at a time! To your continued growth and success