Tom Wheelwright Net Worth – How Taxes Made A Millionaire (2024)

Wheelwright teaches the wealthy how to best invest their money wisely and permanently reduce taxes. Did you know that income from the first 4 months of the year goes entirely to the government? This is a scary fact to look in the eye. On the bright side, Tom Wheelwright will tell you that this doesn’t have to be the case. He’s an expert CPA, best-selling author, speaker, and known as Robert Kiyosaki’s personal tax advisor. All of this has built Tom a net worth of $5+ million.

About Tom

Wheelwright currently resides in Tempe, Arizona. He went to school at The University of Texas at Austin for his Masters of Professional Accounting degree. Tom also served as an adjunct professor in the Masters of Tax program at Arizona State University for 14 years. Here, he created multi-state tax planning techniques.

In addition, he led the professional training for thousands of CPAs at Ernst & Young’s National Tax Department in Washington, D.C. He looks younger than he is, but Tom Wheelwright’s age is hovering close to 70 years old –66 to be exact! His birthday is April 29, 1953.

Why Learn About Taxes?

You might wonder how Wheelwright has become so successful simply by teaching others about taxes. There are millions of people (or more) who lack knowledge about taxes and how to make them work towards your advantage. Many people don’t even realize this is possible!

This is understandable – the subject isn’t exactly taught in schools. You have to go out and learn the information yourself. How many kids are going to go out and teach themselves about tax strategies? It may not be fully learned until thousands (or even millions) of dollars are lost to taxes. Some people never learn!

Wheelwright aims to inform people about strategies you can take to permanently reduce taxes. Most people think that the only way to reduce or avoid taxes is through illegal methods, such as white collar crime, but this is absolutely not the case. Tom Wheelwright books, speeches, podcasts, and blog posts are filled with an abundance of knowledge on the subject.

Most normal people want to make as much of their money as they can while paying as little in taxes as possible. The problem is, tax laws can seem incredibly confusing. As a result, most people (including accountants themselves) think about taxes completely wrong. This results in them paying way too much in taxes and sabotaging their wealth journey!

Books & PublicationsTom Wheelwright Net Worth – How Taxes Made A Millionaire (1)

Now that we’ve given a brief insight into what Tom Wheelwright does and the logic behind it, let’s get into his publications. Wheelwright has written two books of his own, the best-seller being Tax-Free Wealth. Additionally, he wrote 7 Investments That the Government Will Pay You to Make. His work has been showcased by a variety of magazines including The Washington Post, The Wall Street Journal, Forbes, Entrepreneur, Accounting Today, and more.

He also has four other book contributions on his portfolio. Three of these were written by Robert Kiyosaki (best-selling author and multi-millionaire), while one was written by Phili McKernan.

If you’re interested in learning more broadly about taxes, his most popular book is packed with knowledge. He shares about why governments want you to pay fewer taxes and how to save on them. Tax Free Wealth by Tom Wheelwright gives insight into all aspects of taxes and tax planning.. His ultimate goal is to help people change the way they think about taxes and show that they can be used to your advantage.

Tom Wheelwright Companies

Wealthability

Aside from his books, Wheelwright created an impressive company of his own! He started a revolutionary platform of educational tools and a global network of CPAs trusted by over 244 thousand successful entrepreneurs and investors. Tom Wheelwright’s Wealthability features CPAs that are personally trained by him and his team. Faced with the task of hiring top talent, he’s done pretty well. The company’s goal is to reduce taxes and promote wealth!

If interested, you’re able to schedule a consultation call with them to discuss your needs and what they can do for you and your company. Pricing depends on your company and situation, but people have shared prices starting at a couple thousand. We’ve also seen up to $15k for an entire 2 to 3 month strategy.

These prices might seem high, but it would be worth the investment as long as they keep their promise of 10–40% less in taxes! There aren’t many Wealthabilty reviews since it was founded just last year, but the ones that do exist are very positive.

ProVision

Another company that the tax expert founded is called ProVision, which is very similar to Wealthability. Although he founded it, Tom Wheelwright has separated himself from this company and a new team is running it. They state that their clients have reduced taxes by 10–40% as well. Their team can help with tax strategies as well as wealth building plans.

Motivational Speeches, Podcast, & Events

In addition to his informal books, Wheelwright shares his knowledge with the world through events, speeches, webinars, his blog, and the Wealthability podcast. If you like to read your knowledge instead, the Tom Wheelwright blog has all kinds of learning material as well as transcripted podcasts.

Wheelwright absolutely knows how to be a leader, shown by the number of events he’s spoken at. A few of these include Never Work Again, Financial Prosperity, and Gold versus the US Dollar. He’s also spoken at hundreds of professional organizations such as the Pharmacy Development Services Conference, Arizona Bar Association, Arizona Society of CPAs, National Real Estate Investment Club, and Women’s President Organization.

Tom's recent keynote speech at The Capitalism Conference 2019:

Tom Wheelwright Net Worth – How Taxes Made A Millionaire (2024)

FAQs

Tom Wheelwright Net Worth – How Taxes Made A Millionaire? ›

On the bright side, Tom Wheelwright will tell you that this doesn't have to be the case. He's an expert CPA, best-selling author, speaker, and known as Robert Kiyosaki's personal tax advisor. All of this has built Tom a net worth of $5+ million.

Who is the rich dad tax guy? ›

Tom Wheelwright

Wheelwright is the CPA for Robert Kiyosaki (Rich Dad Poor Dad) and speaks around the world with Robert to thousands of entrepreneurs, business owners, and investors.

What is the tax free wealth summary? ›

Brief summary

Tax-Free Wealth by Tom Wheelwright is a finance book that teaches how to legally reduce taxes. It provides strategies to increase wealth by using tax laws, maximizing deductions, and creating a personal tax-free plan.

How to build wealth tax free? ›

Below are seven important tax-efficient investments you can incorporate in your portfolio.
  1. Municipal Bonds. ...
  2. Tax-Exempt Mutual Funds. ...
  3. Tax-Exempt Exchange-Traded Funds (ETFs) ...
  4. Indexed Universal Life (IUL) Insurance. ...
  5. Roth IRAs and Roth 401(k)s. ...
  6. Health Savings Accounts (HSAs) ...
  7. 529 College Savings Plans.
Dec 8, 2023

What did Rich Dad do for a living? ›

Robert Kiyosaki's Career as an Author and Entrepreneur

Since then, both Kiyosakis have authored numerous books about personal finance. They've launched the Rich Dad Radio Show and expanded their business to include investing classes, coaching, and public speaking.

Does Kiyosaki have kids? ›

Robert Kiyosaki, the author renowned for his bestselling book “Rich Dad Poor Dad,” recently shared insights into his personal life and financial strategies during an interview with Vlad TV. Kiyosaki and his wife have made a deliberate choice not to have children, a decision he openly discusses.

Is wealth tax illegal? ›

A Wealth Tax Might Not Be Constitutional

The Constitution says that direct taxes must be apportioned by state population and it may not be feasible to do so with a wealth tax. An 1895 ruling by the Supreme Court stated that an income tax was a direct tax and would therefore need to be apportioned to be valid.

Is wealth tax bad for economy? ›

Wealth taxes are also bad for the economy overall. Even owners of successful firms might not have enough cash to pay the tax on the value of their companies in any given year, especially if the tax is as much as 20% on unrealized gains, and may need to dilute their ownership.

What was Roosevelt's wealth tax? ›

President Franklin D. Roosevelt's New Deal programs forced an increase in taxes to generate needed funds. The Revenue Act of 1935 introduced the Wealth Tax, a new progressive tax that took up to 75 percent of the highest incomes.

How much money is considered rich? ›

Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

How do billionaires avoid income tax? ›

Billionaires (usually) don't sell valuable stock. So how do they afford the daily expenses of life, whether it's a new pleasure boat or a social media company? They borrow against their stock. This revolving door of credit allows them to buy what they want without incurring a capital gains tax.

Is it better to be rich or wealthy? ›

There is a difference between being rich and being wealthy in terms of money and financial resources. Being rich typically means having a lot of possessions and material wealth, while being wealthy is more about having sustainable and lasting wealth.

Did Robert Kiyosaki actually have a Rich Dad? ›

Kiyosaki kept it a complete mystery citing a written agreement with the family of Rich Dad to keep him anonymous. Meanwhile, the general consensus is that Rich Dad is a completely made up character, a combination of all the influences in Kiyosaki's life and therefore Rich Dad was not actually a real person at all.

Is Robert T Kiyosaki a millionaire? ›

I am a billionaire in debt. You know why? Because I get tax breaks for borrowing money.”

How many dads did Robert Kiyosaki have? ›

The book Rich Dad Poor Dad is about Robert Kiyosaki, the author, and his two fathers: his real father, who is poor, and the father of his closest friend, who is rich, and how both parents influenced the author's views on money and investing.

Does Rich Dad Poor Dad talk about taxes? ›

Learning how to decrease taxable income is one subject Robert Kiyosaki covers in Rich Dad, Poor Dad. While it's possible that there is some value to learning how to decrease taxable income, it shouldn't be your go-to for making money. You can read Kiyosaki's advice on how to decrease taxable income below.

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