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Building wealth is not only about how much money you make. It is also about how much money you keep and how strategically you position your assets for long term growth. In this episode of the Next Level Income Podcast, Chris Larsen dives into Chapter 3 of the “How to Be Financially Free by Forty” series, focusing on one of the most overlooked pillars of financial success: tax strategy and entity structure.
Chris Larsen, founder and principal of Next-Level Income, brings decades of experience in real estate investing, finance, and business strategy to this conversation. After spending 18 years in the medical device industry, Chris shifted his focus toward helping others achieve financial independence through education and strategic investments. With more than 20 years of real estate experience and involvement in over $1.5 billion in acquisitions since 2016, Chris offers listeners practical insights that go beyond traditional financial advice.
Throughout the episode, Chris explains why understanding taxes is one of the most important steps toward accelerating wealth creation. Many investors focus heavily on earning income but fail to realize how taxes can quietly erode their financial progress over time. Chris emphasizes that successful investors and entrepreneurs understand the tax code and use it to legally and ethically create advantages that preserve wealth and improve cash flow.
A major topic discussed in this chapter is the importance of choosing the right entity structure. Chris walks listeners through how entities such as LLCs, corporations, and partnerships can serve multiple purposes including liability protection, tax efficiency, and operational flexibility. Rather than treating entity structure as a complicated legal formality, Chris presents it as a foundational wealth building tool that can help investors scale responsibly and protect assets over the long term.
The episode also explores how strategic planning today can dramatically impact financial freedom tomorrow. Chris shares how aligning investment goals with the proper tax strategies can increase available capital for reinvestment, helping investors grow faster and more sustainably. He highlights the importance of building a trusted team of advisors including CPAs, attorneys, and financial professionals who understand an investor’s long term vision.
Listeners will also appreciate Chris’s practical and educational approach. Drawing from his own journey in engineering, finance, athletics, and real estate, he breaks down complex concepts into actionable ideas that both new and experienced investors can understand. His background as an All-American cyclist and competitive athlete adds another layer to his philosophy, emphasizing discipline, consistency, and long term thinking as essential ingredients for success.
Whether you are just beginning your financial journey or already building a portfolio of investments, this episode delivers valuable insights into how smart tax planning and proper entity structuring can become powerful tools for creating lasting wealth. Chris Larsen’s experience and straightforward guidance make this chapter an essential listen for anyone serious about achieving financial freedom before forty and beyond.
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https://www.nextlevelincome.com/financialfreedombook
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Christopher Larsen is the founder and Managing Partner of Next-Level Income. Since “retiring” after 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years.
While completing his degree in Biomechanical Engineering and M.B.A. in Finance at Virginia Tech, he bought his first single-family rental at age 21. Chris expanded into development, private-lending, buying distressed debt as well as commercial office, and ultimately syndicating multifamily properties. He began syndicating deals in 2016 and has been actively involved in over $500M of real estate acquisitions.
In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.
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