Joe Gandolfo, a Rich Man Who Gives Away 50% of His Income to Charity, and Sharing the Gospel of Jesus Christ

Joe Gandolfo isn't the kind of rich man who hoards his money. Joe Gandolfo is the kind of rich man who gives away 50% of the money he earns to missions and charities worldwide--especially charities that share gospel of Jesus Christ with others. He believes he makes money specifically to give to the Lord's work, and he wants others to know about Jesus Christ, Whom he believes is God's Son Who died on a cross for the sins of the world and rose again to give a home in heaven to believers. He is also a nationally known gift tax, estate, and income planning specialist who has clients with a net worth up to $4.5 billion.

Joe Gandolfo is an expert who can advice others on how best to use their money at least partially because he knows how to make a lot of money himself. In 1975 he sold more than $1 billion in life insurance. Those who sell $ 1 million worth of life insurance are considered in an elite group of salespeople, but he sold more than $1 billion in one year alone. He says his secret is just understanding and knowing how to work with people, rather than using some great technical know how.

Joe Gandolfo, the rich man who gives away 50% of his income, says no matter what a person does for a living, he should put God first. He said in an interview on the website, www.cbn.com, "I want to see money do God's work." He says it is impossible to separate one's personal from his business life. Gandolfo adds that a person's goal on earth should be holiness, rather than happiness. He says all people should tithe, or give ten percent of their income to their local Bible believing church. He said even people who earn little should tithe. He quoted Psalm 128, saying that if one fears the Lord, he will enjoy the fruits of his labor, in other words prosper and be happy.

Of the 50% of his income that Joe Gandolfo gives out of his riches, some of it goes to Christian ministries that feed the hungry worldwide, like Operation Blessing.

Joe Gandolfo says there are things people can do to save taxes on their estates, which can be up to 45% of their estate and probate fees. He says saving the money is not necessarily by buying insurance or annuities. He said many CPA's and attorneys are too conservative in giving advice. He says the best tax tip is to use one's money for the Lord--to leave their money to responsible Christian ministries that will not use an excessive amount of money on non-essential things and excessive salaries.

He suggests all people have wills, living wills, living trusts and a durable power of attorney. He added that for those who have a net worth of at least $3.5 million should create a private foundation. That is so the IRS cannot take 45% of those people's estate money in estate taxes.

Gandolfo has been on television shows such as the 700 Club, on shows on the Eternal Word Network, and he has been on hundreds of radio and television shows. Joe Gandolfo's messages have been about both the fact that although being rich may be a blessing, the true blessing is in using one's money for God and tax saving tips. He has spoken in every state in the United States. He has spoken to more than 4,000 organizations. Some of his talks have been about how to reduce one's income taxes by 20% and eliminating estate taxes and probate fees. In fact, Joe Gandolfo reportedly saves his clients so much money that they are often able to pay his one time fee from the money they saved. One year Joe Gandolfo paid more than $2.2 million to the IRS.

Citations: Joe Gandolfo: Tax Consultation for the Wealthy, no author listed, CBN.com

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About , no author listed, Joegphd.com