Profit Without Toil

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Practical advise to create the accounting & tax practice that you've always desired without all of the painful toil they say that comes with it. What business is better than this business? Noooo business.

Joe Gallegos


    • Dec 2, 2022 LATEST EPISODE
    • monthly NEW EPISODES
    • 21m AVG DURATION
    • 19 EPISODES


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    Latest episodes from Profit Without Toil

    "Sorry, you can't come. My dad doesn't like Mexicans": How I became a CPA

    Play Episode Listen Later Dec 2, 2022 29:30


    As part of my 10 year mark of practicing in Public Accounting, I've decided to share my journey that I've been on. This episode is about how the first seeds of wanting to be a CPA were planted. It talks about the obstacles including dealing with young parents, small town racism, failure, and winning against the odds.

    Tom Brady Lesson, Markets, and The Most Important Thing In Business?

    Play Episode Listen Later Oct 7, 2022 26:59


    In this episode, I explain a model that I use to project the market, Tom Brady's potential divorce, and how this relates to the workplace and the future, and I discuss a poll I saw on Linkedin about the most important thing in business (and my response).

    The Fed's New Economy and How Businesses Can Prepare

    Play Episode Listen Later Sep 30, 2022 26:13


    In this episode I give an update on my health, the Fed's new economy, and what businesses should be doing to prepare.

    Why "Traction" Is Flawed

    Play Episode Listen Later Sep 9, 2022 20:50


    In this episode I talk about the evolution of business strategy and about the 4th stage we are now entering. I also discuss the flaws in Traction, a popular business "operating system" being used today and what tomorrow's business strategy framework will look like. I finally give my thoughts on the market, I wrote in article on Substack that predicted the current bear market which very few people were discussing in public.

    5 Ways To Decrease Your Audit Risk

    Play Episode Listen Later Sep 2, 2022 23:37


    In this video I talked about 5 ways you can decrease your audit risk based on my experience. I talk about some lessons I've learned this year working on real audits. I give you my take on what the IRS' new funding means for everyone and when you listen to my take, you'll walk away with some action items to implement to decrease your audit risk.

    Cycles, Circles... What's Next? Predicting The Future

    Play Episode Listen Later Aug 26, 2022 22:42


    In this episode I talk about how to understand what time is and how it works. I talk about how to use this concept of time to orient to the world correctly and help you know what you should do. On that note, I give some observations that to me are "clues" about where we are in time. Finally, I end about how to use this knowledge and prepare for the future.

    New Beginnings and The Inevitably of Business Failure Explained

    Play Episode Listen Later Aug 19, 2022 26:53


    I talk about the new changes in the firm (going independent from previous partnership) and some of the reasons that decision was made; I also talk about what I have been working on bringing to life, and I break down my theory on why the S curve is an abstraction of reality and why the business life cycle works out that way. Enjoy! Love Joe

    The Reason Why Businesses Fail

    Play Episode Listen Later Apr 29, 2022 20:44


    In this episode of Lords of Capital, Joe Gallegos CPA shares his ideas about being humble. What happens when you are humble? What happens when you aren't? Listen to find out why the bigger they are, the harder they fall. Chapters: 0:00-2:15 Intro - being humble and the contrast- being prideful 2:20-3:35 influencers/why it is so hard to speak out load by yourself 3:50- 5:35 The purpose of speaking on a podcast like this with monetary aspects 5:36-6:00 Humility and being opinionated 6:00-8:00 remote may not actually be the answer we are looking for 8:05-9:40 evidence that being in the office is more beneficial/why pride plays a part in this 9:42-12:15 what humility ends up coming down to 12:15-15:00 Paul's reference to life as a game 15:00-18:28 Bad things happening to prideful people 18:30-END What happens when you start being humble

    What does it mean to have Humility and Honesty within you?

    Play Episode Listen Later Apr 22, 2022 30:48


    In this episode of Lords of Capital, CPA Joe Gallegos and Supervisor Thomas Garcia have a good conversation about humility and honesty. They converse about their own experiences and their thoughts on the subject. website: www.jagargueta.com LinkedIn: JAG Argueta 0:00-3:20- Intro and conversation 3:25-7:55 Winning and Losing 8:00-12:00 Tackling the topic and what Thomas has learned while being an advisor 12:00-14:45 Humility and the source of someone's success 15:00-17:40 Honesty and why you do not want to be deceitful 17:45-23:15 How to check yourself when you feel like you are being dishonest 23:15-26:00 Tying humility and Honesty together 26:00-27:50 Joe on how he has made mistakes and the way he was able to overcome them 27:50-28:45 Capitalism and the West 28:50- END Final thoughts

    If you have a vision, do you know what you need to act on it?

    Play Episode Listen Later Apr 8, 2022 11:03


    In today's episode, Joe Gallegos CPA will cover the topic of vision and what it means to have one, how to act on it, and what can happen when your vision is not aligned with others. 0:00-2:10: Intro to topic 2:15-4:20: Why do people want to work for a start-up and organizational strategy 4:20-7:30: How to act and what you need in order to act 7:31-END: Having a vision and why it is important

    Is Your Leader a Psycho or a Saint?

    Play Episode Listen Later Feb 5, 2022 18:45


    Leaders are charismatic and commanding, which are common qualifies of saints and psychos. One will build you up, and the other will stab you in the back. How do you know you are following a psycho or a saint? Should you leave or stay? In this episode, I talk about how to tell the difference.

    The Great Resignation Is A Big Trap For Everyone

    Play Episode Listen Later Jan 25, 2022 22:06


    In this episode I reflect about the lessons I learned during "The Great Recession" as a new accountant in the workforce and what we should remember around that time. Is it smart to make a move and play the game right now? Here's my take.

    Simple Exit Secrets: 5 Simple Steps To Maximizing Your Proceeds From A Business Sale

    Play Episode Listen Later Jun 13, 2021 29:07


    The proposed tax rates for capital and ordinary gains of high earnings is causing a SURGE of business owners to finally make the decision to sell their business. This surge is causing a strain on expertise and some sellers are getting eaten alive because they not thinking about these 5 keys. Selling a business the likely one of the hardest thing someone can do - do right by your legacy - and understand these 5 steps.

    How This Entrepreneur Raised Himself From Trailer Park to 7 Figures - Straight Talk With Michael Cain

    Play Episode Listen Later Jun 29, 2020 51:48


    Michael gives us an inside look on how to scale (even during a "down" economy)

    Payroll Protection Take 2: The Great Money Giveaway

    Play Episode Listen Later Apr 21, 2020 14:04


    How did we do on last week's predictions? Pretty darn good. The first place I'm going to eat when this is all done because of the most beautiful thing that just happened I took some time to give credit where credit is due What is the PPP really all about? I think you'll find the real reason for this program surprising.

    The Great Payroll Protection Program Corruption (Why Some Succeeded And Others Failed)

    Play Episode Listen Later Apr 17, 2020 16:13


    Who really got the money? Only 5% of 70% of businesses that applied got approved. Why did PE, Large Private, and BUSINESSES THAT OWED CHASE MONEY win here? What are great unintended consequences of handing out $350 BILLION dollars: Exhibit A - The Payroll Protection Program Join the herd at joegallegos.com

    The Key To Staying Relevant In 2020

    Play Episode Listen Later Oct 20, 2019 6:17


    You might have heard of the information, but do you have any idea on how it is going to effect your business over the next decade? In this podcast, I talk about where accountants (or any other professional in the information business) get it wrong and why this can be critical in 2020 and beyond.

    The Secret To Accounting Rainmaking

    Play Episode Listen Later Oct 12, 2019 5:48


    You know a rainmaker when you see rainkmaker... in this episode, I talk about the state that Rainmakers operate in. You see, you know it, what is it? Since episode 1, I also have more clarity on what the purpose of this podcast will be. I give plenty of love and advice to business owners... accountants, this one's for you!

    Three Reasons Why You Shouldn't Ask Your Accountant For Business Advise

    Play Episode Listen Later Oct 4, 2019 5:57


    Most people seek their accountant for business advise, three reasons why this is a terrible decision. PS: I'm a Certified Public Accountant.

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