Mark Quann

I sat down with David M. Walker, former U.S. Comptroller General. We discussed America’s $38+ trillion debt, Social Security, Medicare, taxes—and what it could mean for your financial future. Watch the full conversation.

Clinton Portis earned $43.1 million in the NFL. In 2022 he went to federal prison over $99,264. In 2004 he signed an 8-year, $50.5 million contract with Washington. At the time it was the richest deal ever given to a running back. He trusted two advisers registered with the NFL Players Association. According to lawsuits he filed, one firm talked him into putting $1 million into an Alabama bingo casino that the state shut down in 2012, and more than $3.1 million left his account without his knowledge. The other steered players into a firm that turned out to be a Ponzi scheme. Nearly $14 million vanished. In December 2015 he filed for bankruptcy owing $4,857,659. The list included $500,000 to his own mother, $390,000 to the IRS, $287,178 to the MGM Grand and $412,000 in support to four women. His income: $3,500 a month in NFL disability and $1,000 a month from sideline reporting. Then came the fraud case. Retired players have a health account that reimburses medical costs up to $350,000 each. Prosecutors said a ring submitted $2.9 million in fake claims for equipment nobody received. Portis admitted claims filed in his name brought in $99,264. He paid back every dollar before sentencing. The judge gave him 6 months. His version, on The Pivot podcast in December 2022: they called it a $5 million scheme, he received $100,000, paid it back, and still went to jail. He says money left unused in that account does not go to his kids. "It goes to their bonuses." And the advisers who took his money "ain't did no time." The case for Portis: by his account, the men who handled the millions he lost did no time, while he did time over money from his own account that he returned in full. The case for the government: in his plea he admitted he knew the claims filed in his name were very likely false and chose to ignore it. Paying it back after you get caught does not erase the crime. Was 6 months for $99,264 fair, when, by his account, the advisers behind his losses did no time at all?

Something Michael and Melissa said that I think about often. They did not start with a strategy. They started with high-interest credit card debt, which no strategy fixes and most financial content politely ignores. You cannot plan around compounding while something else is compounding against you. One student's experience. Individual results vary. youtube.com/watch?v=lMTPZGqk…

My neighbor spent 14 years auditing rich people for the IRS Asked him the craziest thing he ever saw in an audit He said "I audited a guy in Dallas who made $1.1M, bought 3 houses, drove a new Escalade, and the IRS had to mail HIM a $7,430 refund check for being low-income" I thought he was bullshitting me until he walked me through the guy's file The auditor went into that office expecting to nail him for tax fraud. Six weeks later he had to close the audit with zero changes and release the guy's $7,430 low-income check You know why? Because the US tax code has two rules that turn into a legal money glitch when you stack them together First rule is that borrowed money is never taxable income. You can borrow $500k tomorrow morning and the IRS cannot touch a penny of it Second rule is IRS Revenue Ruling 78-38. It says any business expense, equipment, or heavy vehicle you buy on a credit card is 100% tax-deductible the exact day you swipe the card, even if you don't pay the bank back for 18 months (go look that ruling up btw, it's wild) His business brought in $420k in net profit, plus he pulled $680k in tax-free cash-out refinances off three rental houses. That's $1.1M in cash hitting his bank account in one year A normal W-2 earner making $420k bends over and wires $130,000 to Washington Instead, this guy used his 740 credit score to open $250,000 in 0% APR business credit cards under his LLC's tax ID across Chase, Amex, US Bank, and Wells Fargo Before December 31st, he swiped all $250,000 of the bank's 0% money on a $95k Escalade (over 6,000 lbs so Section 179 writes off 100% of it on day one), rehab materials for his rentals, and prepaid vendor invoices Stacked with bonus depreciation on his rentals, those credit card swipes legally dropped his personal Adjusted Gross Income all the way down to $21,400. With three kids on his return, the IRS computer automatically mailed him the $7,430 Earned Income Tax Credit And because EIN business cards only report to commercial bureaus, none of that $250k balance ever showed up on his personal credit report. He paid the cards off a year later from rental cash flow before Chase charged him a dime of interest Problem is when most guys with a 700+ score try to apply for $250k in business credit on their own, they apply in the wrong order, rack up 5 hard pulls on Experian, and get capped at $10k (if you have a 700+ credit score and want my team to sequence and unlock your 150k-250k 0% funding stack under an EIN, book a call using the link in my bio)

In order to understand "The Great Reset" the next generation has to understand The Federal Reserve System and the history of banking: -The secret meeting on Jekyll Island. -Fiat Currency -Fractional Reserve Banking -Loans -Interest -Debt #EndTheFed youtube.com/watch?v=X8XiS8A_…

The public school system is the Gateway drug to college indoctrination. Children are taught truth comes from authority, as preparation for the authoritative lessons they will learn in college. This is why taking control of your child’s education from a young age is so important.