David Spellman is a fiduciary and registered investment advisor with Money Concepts Capital Group who works in San Antonio alongside tax strategist Ed Guerrero. On this episode, host Abel Pacheco and David lay out how business owners actually keep more of what they earn: save on taxes first, protect the assets second, build the wealth third.
In this episode:
- Why most people run the order backward. As David puts it, "the tax savings, protect the assets, and then build the wealth." Taxes come first because a dollar you legally do not owe drops straight to the bottom line, no new sale required.
- DIME, a simple way to size life insurance: debt, income, mortgage, education.
- The multiply by 10 discipline. A $5,000 tax saving looks small for 1 year. Held for 10 years it is $50,000 you kept in your family.
- Why the fiduciary standard, being legally on the hook for the advice you give, is a feature and not a burden.
- Abel's own scar: a first business that earned good money while he took nothing home, and the decade as a W2 employee that followed.
Abel Pacheco is a San Antonio real estate operator who went from 8 single family houses to a share of roughly 1,500 apartment doors, and now works as a fractional Chief AI Officer helping small and mid sized businesses put the back office on autopilot.
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