# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DLpvvprRPkZ
- **Gondola URL:** https://gondola.cc/posts/35104113-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/8b9216da49.jpg
- **Posted:** 2025-07-03T17:09:17.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

How Kim Kardashian Legally Made Her Kids Millionaires (And How You Can Too). 

This strategy? 

🔥 Straight A+ in my book — and I teach it every year to business owners who want to build real generational wealth. 

It’s called Income Shifting — and it’s one of the smartest legal tax plays on the board. 

Here’s the idea: 

👉 Take income that would be taxed at your rate. 

👉 Shift it to someone you’re already financially supporting — like your child. 

👉 And do it the right way, so it’s legal, ethical, and wealth-generating. 

How? 

If you own a business: 

Hire your child to do legitimate, age-appropriate work. 

Follow state and federal wage rules. 

Pay them a reasonable salary. 

Now here’s where it gets good: 

💼 The business gets a deduction. 

🧾 The child receives income — tax-free, up to the standard deduction ($15,000 in 2025). 

📈 That income can fund a Custodial Roth IRA. 

💥 Which means tax-free growth… for decades. 

That’s how you turn a $7K/year contribution into a $13M+ tax-free retirement account over time. 

Not just a flex. Not just a loophole. 

A strategic wealth move. 

✅ No deduction today. 

✅ But growth and withdrawals are tax-free. 

✅ And the power of compound interest? Insane. 

A few quick warnings: 

You must document the work and hours.

State tax thresholds differ (plan accordingly). 

No work = no earned income = no Roth contribution. 

But done right? 

This is how you reduce taxes, build wealth, and create a legacy at the same time. 

👇 Drop the word “KIDS” if you want help setting it up. 

Credit (IG): 

Pamela Garrett – [lawmotherco] 

 SF0717

## Stats

- **Views:** 236
- **Likes:** 2,267
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- **Comments:** 25

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

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