My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“you put down 150k cash and you get a million dollar deduction”
What It Means
Film tax credits create massive leverage where small cash investments generate large tax deductions
Why It Matters
Illustrates how wealthy people can legally reduce tax burden through asymmetric investment structures
When It's True
When investor qualifies as active film investor and structures deals properly with state credits
When It's Risky
Without proper due diligence, active investor qualification, or understanding of film financing risks
How to Apply
Research qualification requirements before year-end
Work with specialized firms that understand the structure
Ensure adequate liquidity events to justify the strategy
Example Scenario
“Tech founder sells company for $10M gain, uses film strategy to reduce tax liability by 40% while supporting arts and culture”
Related Knowledge
Film Production Tax Credit Strategy
A legal tax strategy where wealthy investors finance films to claim 100% depreciation deductions immediately while using state tax credits and financing to minimize actual cash investment.
Harvard's Triple Business Model
A framework for understanding how elite institutions combine tax exemption (church), investment management (hedge fund), and premium services (luxury daycare) to create massive tax-free wealth generation.
Build acquisition-based holding company from profitable agency cash flows
$600M+ market cap holding company with diversified portfolio, minimal equity dilution, consistent cash generation from original agency funding acquisitions.
The Institutional Circle
Elite institutions (universities, pension funds) invest in private equity and hedge funds run by their own alumni, creating self-reinforcing wealth concentration loops.
Simple businesses consistently executed beat complex innovative ones
Focus on execution excellence and long-term consistency rather than seeking innovative disruption
unconditional meaning their happiness is not contingent on anything I find that absolute superpower
People whose mood and performance don't depend on external circumstances have significant advantages