This book is based on my years of study, research and tax consultation. Many of the 20 case studies are based on my real-life client experience. It is high time to make the mindset shift: to let money work for you; rather than you work for money.
This book contains two series. Book series 1 contains three parts:
Part 1: SMART Family vision board with the BBB mindset. It covers a four-pronged approach for buy-borrow-build: a brokerage account in an S&P 500 index fund; a brokerage account in Berkshire Hathaway Class B (BRK.B); cash value whole life insurance; and real estate portfolio. It uses 50-year data to explain the power and art of diversification and compound interest.
· Part 2: Four Engines to Power the Buy-Borrow-Build Strategy. It covers (1) securities backed line of credit (SBLOC collateralized by S&P 500 index fund), (2) SBLOC backed by BRK.B, (3) life insurance backed line of credit (IBLOC) backed by Big Four whole life insurance companies (Guardian, MassMutual, New York Life, and Northwestern Mutual); and (4) home equity line of credit backed by real estate properties (and HELOC alternatives such as all-in-one loan and debt service coverage ratio loan).
· Part 3: Tax treatment of the loans borrowed under the buy-borrow-build strategy: decode the IRS tax code. It details the IRS interest tracing rule. It provides practical analysis of the IRS interest tracing rule applied in SBLOC, IBLOC, and HELOC. It also updates readers on how OBBB (One Big Beautiful Bill) integrates well with BBB strategy.
Book series 2 covers over 25 case studies of BBB strategy. Based on real-life tax consultations, the authors designed 20 case studies (redacted for client privacy reasons) of how SMART families use the BBB structure and strategy to prosper, preserve, and protect the family wealth: education, real estate, S Corp, cultivating the young generation, health insurance, charity giving, asset protection, and many more.
Zoom meeting: https://zoom.us/j/8782712588; Password: TBD
Pleas register at Financial Literacy for Youngster (FLY) 2026 Topic 2: Ten Investment Accounts FLYers should set up and grow (with parents' help) · Zoom · Luma
Cost: $19.99 per weekly class
Zoom format : Thursday 7/30/2026 9pm to 10:30pm Eastern
What you will receive from this registration:
https://www.wukongdojo.ai/wukonggpt/agents/6f8ed0d7-57f7-492b-8b04-02f2f34d3ad5
1. Coverdell Education Savings Account
2. 529 plan
3. Trump Account
4. UTMA
5. Cash value whole life insurance
6. Cash value index universal life insurance
7. Minor Roth IRA
8. Employee 401(K) with employer matching
9. Teen brokerage account
10. HSA (18-26)
11. Solo 401(K)
12. Trump IRA
We offer tax education and training for individuals and businesses who want to learn more about tax laws and regulations. Our courses cover a wide range of topics and are taught by experienced tax professionals.
1. Turn from high income to high assets
2. We only pay tax once!
3. Use tax bracket to arbitrage
4. Inter-family loan
5. Inter-family gifting
6. Buy, borrow and build
7. Real Estate Professional
8. Short term rental
9. Oil and gas
10. Life insurance policy loan
Source of high income
1. W-2
2. Deferred compensation
3. RSU
4. Sale of rental
5. Sale of business
Become a Homeowner and Real Estate Investor Before 25 , with a Parental Guide to Financial Freedom
FLY Book 1: Become a Homeowner and Real Estate Investor Before 25 is the first book of Financial Literacy for Young people (FLY) book series. It is a guide that teaches young adults how to achieve early homeownership and build long-term wealth using real estate, tax planning, and disciplined financial habits. Through the real stories of Chris and Kevin Nie—who both bought homes at age 18—the book explains why real estate is a powerful wealth pillar, how leverage amplifies returns, and how young people can use low down payments, campus rentals, and tax benefits to accelerate financial independence before age 25. It also introduces the four major wealth pillars: stocks, cash-value life insurance, real estate, and crypto, showing how they balance risk and growth.
“Real wealth is not built by comfort, shortcuts, or entitlement. It is built through discipline, patience, and the willingness to do hard things early in life. Become a Homeowner and Real Estate Investor Before 25 delivers this message clearly and honestly. This book does not promise easy money or quick wins. Instead, it challenges young people to think long-term, take responsibility, and build real assets step by step.
I have spent my life training the body, the mind, and the spirit. The same principles apply to building wealth. You must show up consistently, respect the fundamentals, and accept discomfort as part of growth. This book does exactly that. It gives young readers a practical path to ownership while reminding them that character, effort, and education matter just as much as money.
If more young people followed the mindset taught in this book, we would see fewer handouts and more hands raised to build, learn, and lead. This is the kind of financial education our next generation needs.”
— Dr. Thomas Forbang
Ph.D. | Real Estate Developer | IT Consultant
2018 National & International USA Yoga Champion
“Time is the greatest asset a young person will ever have, yet it is the one most often wasted. Become a Homeowner and Real Estate Investor Before 25understands this truth. This book is not about getting rich fast. It is about getting started early, staying consistent, and letting time do the heavy lifting.
I have seen too many people wait for the ‘perfect moment’ to buy their first property, only to realize years later that the cost of waiting was far greater than the cost of starting. This book teaches young people what schools rarely do: ownership creates freedom, income replaces stress, and action beats intention every time.
If you plant the right seeds early, your future does not depend on luck. It depends on discipline and decisions. Become a Homeowner and Real Estate Investor Before 25 gives young readers the mindset and direction they need to build lasting wealth while they still have time on their side.”
— Dr. Maxwell Adekoje
Real Estate Investor | Mentor | Author of Just Eat the Worm
“Most people are not held back by a lack of opportunity. They are held back by fear, impatience, and a mindset shaped by short-term thinking. Own a Rental Under 25 challenges that mindset head-on. This book teaches young people to think strategically, act intentionally, and use leverage wisely rather than living paycheck to paycheck.
Real estate rewards discipline, delayed gratification, and consistency. Those lessons are missing in today’s culture of instant results and easy credit. This book does not glamorize shortcuts. It teaches responsibility, mentorship, and the courage to take the first step even when it feels uncomfortable.
If you want to build real wealth, real character, and real freedom, you must be willing to start early and stay the course. Own a Rental Under 25 is a powerful guide for young people who are ready to lead their lives with purpose instead of drifting with the crowd.”
— Brett Korade
Luxury Real Estate Advisor
LAB Realty Group | Keller Williams
Washingtonian’s Best 2025
Empowering Families to Take Control of Their Finances:
“The SMART Family Tax Guide” by Mike Nie, CPA, CFP®, CFA®, EA
Gaithersburg, MD and Fairfax, VA — October 7, 2025 — Families across America now have a clear, faith-based roadmap to keep more of what they earn. In his new book, The SMART Family Tax Guide: 101 Ways to Keep More of What You Earn, Christian father, CPA, and financial coach Mike Nie shares a lifetime of wisdom gained from helping hundreds of families navigate the U.S. tax system with confidence, purpose, and peace of mind.
With over 27 years of experience in public accounting, tax planning, and business coaching, Mike Nie distills complex tax strategies into simple, actionable steps designed for everyday families — not just the wealthy. “This book is about clarity, consistency, and concrete steps,” says Nie. “The tax code is full of opportunities, but most hardworking families never hear about them. I wrote this guide so every household — whether earning $60,000 or $600,000 — can apply the same principles used by top advisors.”
Through real-life examples, faith-based insights, and plain-language explanations, The SMART Family Tax Guide empowers families to:
Mike Nie’s professional journey began at PricewaterhouseCoopers (PwC) as an Audit and Advisory Director, followed by leadership roles at the Public Company Accounting Oversight Board (PCAOB) and a federal financial regulatory agency. Today, he leads Smart 1040 LLC, a Virginia and Maryland-based tax strategy and family wealth advisory firm specializing in proactive, faith-centered planning.
“Tax planning shouldn’t just happen once a year — it’s a family lifestyle,” says Nie. “I want readers to see that with small, consistent steps, they can turn everyday financial decisions into lifelong blessings.”
The SMART Family Tax Guide: 101 Ways to Keep More of What You Earn is available now on Amazon in paperback and eBook formats. Audio book will be available in November 2025.
For more information, visit www.Smart1040.us or contact Help@Smart1040.us.
Mike Nie is a Christian father, tax strategist, and financial educator with over 25 years of experience helping families turn everyday decisions into lifelong opportunities. As a CPA, CFP®, CFA®, and IRS Enrolled Agent based in Gaithersburg, MD, Mike specializes in faith-based, family-centered tax planning—with a focus on proactive strategy, not just tax filing.
A proud dad in a blended family of four adult children—each navigating the complex path through college—Mike brings personal insight to topics like FAFSA optimization, 529 plans, Roth IRAs for teens, and turning tuition into tax-smart planning. His areas of expertise include real estate investing, S-Corp and LLC tax structures, and building family foundations (990-PF) that align with both faith and legacy.
Mike’s clients know him as a wise, down-to-earth advisor who makes complex tax law approachable—and even a little fun. Whether online or in person, he teaches workshops that blend technical clarity with Biblical principles, helping parents model stewardship, discipline, and financial empowerment for the next generation.
With each story and strategy he shares, Mike hopes to help families not just save on taxes—but grow closer, dream bigger, and build something that lasts.
“This book is a spiritual and financial blueprint, brilliantly merging vision, clarity, and action. In the tradition of transformational guides like The Soul of Prosperity, Mike Nie invites you to create not just a vision board—but a living covenant with your family’s financial future. Through stories, practical steps, and heartfelt reflection, this work reminds us: we don’t just build wealth—we become it.”
- Rev. Jim Webb, Author of Create a Self-Manifesting Vision Board and The Soul of Prosperity
Mike holds many licenses: CPA/CFP/CFA/EA, and in my more than 20 years of professional career, I have rarely encountered a peer with so many professional certifications.
In recent years, he has persistently conducted volunteer financial education seminars for our CAPA Chinese community every month, tirelessly sharing what he has learned and applied with everyone.
As a fellow professional, I admire his comprehensive knowledge system, envy his efficient execution ability, and appreciate his sincerity and chivalry. Now he has launched his first new book, and I am fortunate to be one of the three recommenders, so of course I have to support him in my social circle:
"Mike Nie's book 'The Smart Family Tax Guide: 101 Ways to Keep More of Your Earned Money' is more than just a guide—it's a blueprint for wealth planning for middle-class families. With a father's heart and a strategist's mind, Mike demonstrates that vision boards are not just for dreamers—they are tools for planners. Each chapter translates tax law into actionable steps for wealth accumulation. This book reflects what I have always believed: true financial planning starts with a vision and ends with results."
Yinan Fenley, CPA, FINRA RR | Former Deloitte Auditor | Tax Strategist for High-Net-Worth Families
"As a CPA, I found this book to be extremely helpful. It’s well-organized, resourceful, and full of practical insights on tax planning and tax strategy. It breaks down complex U.S. tax law concepts into clear, actionable steps, with real-life examples and useful resources throughout. Go FIRE! Highly recommended!"- Yuping P, Texas CPA
A Practical, Legacy‑Building Playbook
As a long-time advocate for family and charitable growth, Mike Nie delivers exactly what busy, values-driven families need: clear, actionable tax advice with a larger purpose. The Smart Family Tax Guide isn’t just about saving money—it’s about building a legacy.
Nie’s strength lies in his real-world teaching style: thoughtful, conversational, and rich with live examples. Whether you’re planning for retirement, managing rentals, or launching a family foundation, his 101 strategies are to-the-point and doable.
What makes this guide warm and personal is its focus on family impact. The foundation chapters illuminate how smart tax planning can align with your giving goals—without sacrificing compliance or financial soundness.
Overall, this is a must-read for any family serious about financial responsibility and long‑term legacy. Easy to understand, deeply practical, and inspiring—well-suited for anyone who wants to teach their kids more than just tax code.
Suzanne S. Elliott, MA, Ed.
H.O.T. YOGA on the Island
Healing. Original. Therapeutic.
Founder/Director/Lead Teacher/Professor
USA Yoga, Non-Profit Board Member
H.E.A.R.T., Non-Profit, Inc. Board Member
F.I.T. Fun Innovative Training &
W.A.Y. Wild About Yoga, Creator/Founder/Master Trainer/Coach
It is a really good read overall. I find the information helpful, the flow of the book is straightforward and logical, and for the people who are interested in managing their personal finances and taxes better, this can be a very useful resource for sure.
Rebecca Yeung
Independent Board Director
Fortune 50 Senior Executive
Author, What Rules?: Think Differently About Success and Cultivate a Happy Life
I really like the heart behind your book—it feels grounded in real life, and that's going to connect well with families who are trying to make smarter moves but don't know where to start. My suggestion would be to keep things as plain and accessible as possible—add more breakdowns in layman's terms where the content gets heavy. Maybe also break up some of the longer chapters or use formatting to highlight your main tips. Overall, it's valuable, but a few structural changes will make it even more approachable to non-tax professionals.
Lori Correa
Training Program Manager
Drake Software, Professional Tax Solutions
“Your book is SUPERB—so, it’s my pleasure. I’m hoping to get a few copies for my friends and relatives because it’s probably the most useful material I’ve ever seen on taxes!”
Frances A. Chiu, Ph.D.
Editor of nine award-winning books (2023-2025);
Author, The Routledge Guidebook to Paine’s Rights of Man;
Dissertation/thesis coach;
31x boosted writer on Medium;
Smith College A.B.; and
Oxford University, Ph.D.
"Mike breaks down intricate real estate tax strategies into clear, actionable steps suitable for investors at any level. This impactful book masterfully navigates and simplifies complex tax laws and regulations. Each page delivers game-changing advice, enriched with real-life case studies that bring the strategies to life." -- Fred W., Real Estate Professional
When you buy a ticket to my launch, you’ll receive:
As a CPA with over 25 years of experience in finance, tax, and accounting, I wrote The Smart Family Tax Guide: 101 Ways to Keep More of What You Earn to fill a critical gap I’ve observed in the profession—while many CPAs act as information processors, few serve as true tax advisors. This book is my effort to change that by translating complex tax laws into practical, empowering strategies that help hardworking middle-class families build wealth, retire early, and create lasting legacies through ethical, informed tax planning.
How to Order: SMART Family Tax Guide Book Presale Ticket Entry Form - Google Forms
· 10 tax strategies for small business families (LLC filing Schedule C)
· Small business tax planning under new tax law on the horizon
· LLC business plan & record keeping template
· Auto expense deduction strategies
· How to hire children by personal LLC
· LLC retirement plan (solo 401(k) and matching)
· Home office strategies & Augusta rule
· Travel on business with family board of advisors
· Small business health & medical cost deduction
The format of this course will entail Zoom recordings, AI transcripts, and slides .
1. 10 IRS rules regarding family foundation (5%, 1.39%, 60%, 30%, 20%, 5 year, 3 year, and more)
2. 10 key documents to make your family foundation audit proof
3. 10 AI use cases regarding family foundation
4. 10 reasonable expenses you can deduct within your family foundation
5. 10 things you don’t know about family foundation
6. 10 family foundation 990 PF tax returns for your deep searching & learning
7. How to donate your RSU stocks into family foundation
8. How to establish cash value life insurance within your family foundation
9. How to use your family foundation to invest in crypto currency
10. How to use your family foundation to create career pathway for your children
Zoom Class. Thursday in Chinese. Friday in English
9/12/2024 class 1
1. Schedule E deep dive
2. Section 121 and 1031 exchange combo
3. LLC & S corp and Rental Combo (IRS self-rental safe harbor)
4. Real estate professional – do’s and don’ts
5. Hire your child in rental
6. College campus rental with 529 distribution combo
7. Real estate K-1 case study
8. Real estate legacy planning: “swap until I drop”
9. Cost segregation strategy
10. Property management company strategy
Experienced CPA provides expert tax consulting services for any tax issue you may be facing. Let us help you find the best solution for your tax needs.