transcript · 15,768 words

John Lee Dumas On How He Saved $1,000,000 In Taxes By Moving To Puerto Rico, How He Makes His Money, and More

Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

All right, today we are hanging out with John Lee Dumas. He's a he's a podcaster, um, got you know pretty pretty popular podcast. He does something cool, which is he publishes all of his income online. So the guy's generated like twenty two million dollars in the last ten years. He says, Here's how much I made, here's how much I kept after expenses. He then moved to Puerto Rico and pays like zero percent tax, a four percent tax, basically. So we talk about His business, how he makes his money. why he moved to Puerto Rico and the pros and cons of that. And uh

What else do we talk about? We talked about he did a he did a ten day water fast recently, so he told us all about that. We asked him if he knows of any marketers that are making just stupid amounts of money, um, because that's what I was curious about. And we asked him a a ton of good s uh ton of good stuff. What did you think? He he uh he's got some um he's got big energy. He's got BDE, man. He's he's he was fun. I didn't realize he would be fun. And I think there was some good good uh comedy in this. I would give this one. I'm not even gonna ask I'm gonna even ask producer Ben what he thinks. I think this is an A A episode. A or A plus. Either one. I'm gonna save A plus for when some real special shit happens, but this was a solid A. Like I would want to listen to this conversation because I think I would Here's some things that I don't otherwise get to hear. You don't really get to hear how people make their money, earn their money.

You know, what what the actual numbers are. People are very cagey about that. And um also this guy was very opinionated. He was like Y'all are fucking stupid for living in California and paying those taxes. And here's why. Here, you know, here's how my life works, you know, you schmuck. And so I liked his opinionated nature. I thought that was that made for a good episode. Also How about him just making fun of me constantly? Like That's why I was like Oh, you must be boys. You must be super close. I don't know about I mean I I like him, but no, he just got He was like, dude, you don't even travel. You don't even you've never even been anywhere. I'm like, what are you talking about? You're just making fun of me, you bully. Yeah, you're like Portugal right now Yeah. He just he just bullied me on my own pod. He just alphaed me hard. So I think that should be the title of this, like Sam gets out alpha.

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