Podcasts about win win wealth strategy

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Play Episode Listen Later Jun 14, 2024 38:46

Join Tom Wheelwright as he discovers how tax policy influences your life, how it harms – and sometimes helps – the economy, and what changes are in store in this year's election with his guest, Scott Hodge.Scott Hodge is President Emeritus & Senior Policy Advisor at the Tax Foundation, which he led as President for over two decades, between 2000 and 2022. Scott Hodge is recognized as one of Washington's leading experts on tax policy, the federal budget, and government spending.In this episode, learn how class warfare has a huge impact of the future of the tax code, predictions for 2025 / 2026, and the advice Scott has for the small business community.Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com

An Entreprenuer's Guide to AI

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Play Episode Listen Later Jun 6, 2024 35:11

Join Tom Wheelwright as he discovers how entrepreneurs can incorporate and leverage human skills in the age of AI with his guest, Matt Beane.Matt is an assistant professor in the Technology Management department at the University of California, Santa Barbara, and a Digital Fellow with Stanford's Digital Economy Lab and MIT's Initiative on the Digital Economy. He does field research on work involving robots and AI to uncover systematic positive exceptions that we can use across the broader world of work. His award-winning research has been published in top management journals such as Administrative Science Quarterly and Harvard Business Review, and he has spoken on the TED stage.In this episode, learn how to relook at your business model, retrain or repurpose your employees, and "How to Save Human Ability in an Age of Intelligent Machines."Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com

Client Attraction & Ambassador Retention

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Play Episode Listen Later May 30, 2024 33:30

Join Tom Wheelwright as he discovers how business owners can acquire the best clients, be the best for their clients, and keep them for life with researcher, consultant, serial entrepreneur, and author, Richard Weylman.For nearly three decades he has shown business owners and professionals around the world the path to proven business growth and success. He uses his unique ability to see things from the client's or customer's perspective and interpret their needs to then create the prescriptive strategies and tactics needed to elevate business performance in today's marketplace. As a researcher, author, consultant, and serial entrepreneur, he helps to deliver personalized and dynamic presentations that achieve real outcomes and measurable results.In this episode, learn the path to permanent success and how to build an authentic, caring, and strong relationship with your clients.Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com

Retirement Crisis Solutions

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Play Episode Listen Later May 23, 2024 52:18

Join Tom Wheelwright as he discovers the current state of our retirement crisis with economist expert and author, Teresa Ghilarducci. As a labor economist, Teresa Ghilarducci has spent her career working to ensure retirement security for all American workers. At The New School for Social Research, she directs the Schwartz Center for Economic Policy Analysis (SCEPA), which focuses on economic policy research and outreach. Ghilarducci frequently testifies before the U.S. Congress and serves as a media source to popular and online news outlets about pensions, labor economics, and older workers. Ghilarducci frequently publishes in economics journals and edited volumes and has authored several books. In this episode, learn about Teresa's Gray New Deal, how to prepare for our retirement, and what entreprenuers can do to improve the lives of their employees. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com********************************** Resources ********************************** Tom's Book: Tax-Free Wealth https://taxfreewealthbook.com Visit WealthAbility® https://wealthability.com/ Sign up for Tom's Free Weekly Report https://wealthability.com/getreport/ Schedule A Call With My Team https://wealthability.com/schedulecall/ *********************************** Social Media *********************************** Facebook (Tom Wheelwright) https://www.facebook.com/Tom.Wheelwright.CPA/ Facebook (WealthAbility®) https://www.facebook.com/4wealthability/ Twitter (WealthAbility®) https://twitter.com/WealthAbility Instagram (WealthAbility®) https://www.instagram.com/wealthability_now/ Youtube (Tom Wheelwright) https://www.youtube.com/@TomWheelwrightCPA Looking for more on Teresa Ghilarducci? Website: https://teresaghilarducci.org/ Books: "Work, Retire, Repeat" ; "Rescuing Retirement" ; "How to Retire With Enough Money and How to Know What Enough Is" Facebook: https://www.facebook.com/SCEPA X / Twitter: https://x.com/tghilarducci Blog: https://teresaghilarducci.org/blog Email: ghilardt@newschool.edu DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

Master Your Negotiations

Play Episode Listen Later May 16, 2024 37:28

Join Tom Wheelwright as he discovers how to master the art of influencing others and never lose at the negotiation table with guests and authors of "Convince Me: High-Takes Negotiation Tactics to Get Results in Any Business Situation" - Chip Massey and Adele Gambardella. Former FBI Special Agent Chip Massey has led high-profile criminal cases, investigated the September 11th terrorist attacks, tracked down spies with the CIA, and spearheaded the New York FBI Office's Crisis Negotiations Teams–in all five boroughs. Today, Chip Massey applies the high-stakes negotiation skills he refined during his 20 + years in federal law enforcement to the business world. As co-founder of The Convincing Company, Chip teaches executives and their teams how to use the bureau's sophisticated communication and negotiation techniques in professional situations of all kinds. Honored by the Washington Business Journal as “a woman who means business,” Adele Gambardella owned and managed a Top 20 PR firm in Washington DC for 15 years. In that role, she served as spokesperson for a variety of Fortune 100 companies, ranging from DuPont to Lockheed Martin, to Verizon. As a publicist, Adele landed her clients interviews on Good Morning America, The Today Show and The New York Times. She has served as a PR strategist, corporate counsel, and crisis management consultant for such clients as Facebook, Johnson & Johnson, Samsung, Verizon, and President Joe Biden. Today, as co-founder of The Convincing Company, Adele speaks, consults, and advises companies and associations. Her presentations to the United Nations have been broadcast worldwide. In this episode, learn how to analyze conversation, how to neurologically sync with others, and how to convince in the long-term. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/

Impact Filter Strategy

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Play Episode Listen Later May 2, 2024 36:55

Join Tom Wheelwright as he discovers a tool to pre-determine success for every idea, project or business goal with guest, strategic coach, and author - Dan Sullivan. Dan Sullivan is founder and president of The Strategic Coach Inc. Through Strategic Coach ® and its successful coaching program, Dan works to help entrepreneurs reach their full potential in both their business and personal lives. Dan has over 40 years' experience as a highly regarded speaker, consultant, strategic planner, and coach to entrepreneurial individuals and groups. He is author of over 30 publications, including The Great Crossover, The 21st Century Agent, Creative Destruction, and How The Best Get Better ®; as well as co-author of The Laws of Lifetime Growth and The Advisor Century. In this episode, learn how to determine if your next big idea will succeed or fail, the success criteria to set for yourself and your team, and how simple it is to get started so you can make the biggest impact for your business and life. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Age of Disruption

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Play Episode Listen Later Apr 25, 2024 35:50

Join Tom Wheelwright as he discovers how entrepreneurs can innovate in the age of disruption with author of “Leaders Leap: Transforming Your Company at the Speed of Disruption," Steve Dennis. Steve Dennis is a strategic advisor, keynote speaker, and bestselling author. His latest book–Leaders Leap: Transforming Your Company at the Speed of Disruption– explores why so many transformations fail and what leaders must do to get their organizations back on the road to relevance. In this episode, learn how to shift your mindset to stay ahead of the times, what it means to be a leader in this new era, and critical steps for your company to succeed amidst competing against the universe. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The Great Wealth Transfer

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Play Episode Listen Later Apr 18, 2024 27:43

Join Tom Wheelwright as he discovers how a massive wealth transfer is about to occur that threatens the foundation of capitalism with guest, chairman of Helios Fairfax, and author of "The 100 Trillion Dollar Wealth Transfer," Ken Costa. Ken Costa has been a leading investment banker, author and philanthropist for the last 40 years. Born in South Africa, he was active in the anti-apartheid movement as a student leader in Johannesburg and went on to study law at Queens' College, Cambridge, subsequently becoming Chair of UBS Investment Bank (EMEA) and Lazard International. He is currently chairman of Helios Fairfax, the largest private equity group in Africa. As a supporter of investment in the next generation he chairs Glorify, a meditation app. He is Emeritus Professor of Commerce at Gresham College and was coordinator of the City's response to the Make Poverty History Campaign. He has been a contributor to the Financial Times, the Wall Street Journal, The Times and the Daily Telegraph. In this episode, learn how capitalism is at risk by the passing of generational wealth, influence, and power; and exactly how our older and younger generations can co-exist toward a better world and financial future. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Tax Secrets Exposed! Legal Hacks to Maximize Your Deductions | TOM WHEELRIGHT #291

Millionaire Secrets

Play Episode Listen Later Apr 17, 2024 62:51

In this new episode of Unlock Your Potential, I chat with Tom Wheelwright, CPA, entrepreneur, best-selling author, Rich Dad advisor & international authority on taxation. We start the episode by delving into Tom's journey in tax planning for entrepreneurs and uncovering the common ground between entrepreneurs and tax planners. In the middle of the episode, Tom explains the two rules every entrepreneur needs to know to understand the tax law about deductions. Near the end of the episode, we reflect on a crucial point for entrepreneurship: see the obstacle as an opportunity instead of a barrier. Hear what Tom has to say about this. I hope you enjoy this episode and learn some hacks to maximize your deductions and make your business more profitable. Check Out More of Tom's Content Here

Taxes on the Ballot

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Play Episode Listen Later Apr 12, 2024 55:25

Join Tom Wheelwright as he discovers how your taxes will change depending on who wins this year's election with guest and Managing Director of the Federal Policy Group, LLC - Ken Kies. The Federal Policy Group provides sophisticated strategic and technical tax advice on tax policy matters before the Congress, the U.S. Treasury Department, the Internal Revenue Service, and the OECD. Mr. Kies has delivered significant legislative and regulatory results for his clients, which include major corporations, trade associations, and coalitions of companies with common objectives. In this episode, learn which major tax policies are at stake in this year's election, how investors and small business owners will be impacted by the election, and what to expect in the economy depending on the outcome. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Real Estate & Tax Strategies

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Play Episode Listen Later Apr 5, 2024 37:36

Join Tom Wheelwright as he covers how strategic tax planning benefits real estate investors with guest, expert, and trainer - Brad Sumrok. Brad is a long-time client who has succeeded in the multi-family real estate sector and reduced his taxes. Since 2005, Brad has personally helped his students purchase over 3.5 billion dollars in apartment complexes, involving thousands of investors who have taken his training. In this episode, learn how you can incorporate a tax strategy in your business plan, how Brad Sumrok applied his plan in the multi-family sector, and what he believes makes the best investments. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Offshoring & Outsourcing

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Play Episode Listen Later Mar 28, 2024 33:48

Join Tom Wheelwright as he discovers the steps to building a remote team for your hometown business with guest and founder of Samera Global, Arun Mehra. Through Samera Global, Arun helps other accountants with their resourcing and offshoring needs. With almost twenty years of commercial experience and knowledge in business, Arun's expertise is valued by hundreds of businesses across the UK. His financial acumen and know-how, along with his hands-on commercial expertise have helped clients, large and small, new and established to achieve great things. In this episode, learn how offshoring and outsourcing may be vital for your business to stay competitive, the benefit of 50-60% cost reductions, solutions to potential challenges, and what quality resources are available to you. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Making Bad Decisions Worse

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Play Episode Listen Later Mar 22, 2024 36:58

Join Tom Wheelwright as he discovers how entrepreneurs make compounding bad business decisions worse and how to correct them with guest, entrepreneur, and author of "Braking Point: How Escalation of Commitment is Destroying the World," Dr. Vincent deFilippo. Vincent is an investor in stocks, real estate, people, businesses, as well as a Professor in the school of business and accounting at Monroe College. He raised billions of dollars in venture capital for publicly traded companies throughout the Asia Pacific Region. He is a member of the Writers Guild, has a PhD and two master's degrees, as well as professional certifications from Harvard, Brown, MIT, Columbia, NY Film Academy, and Hollywood Film School. Learn tips on how to build a solid a plan to avoid making bad decisions worse by creating protective provisions, core rules, discipline oriented goals, and more. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Selling Your Small Business

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Play Episode Listen Later Mar 15, 2024 32:44

Join Tom Wheelwright as he discovers the secrets to a successful business exit with guest and author of "Lift Off: 12 Things to Know Before Selling Your Business," Sharon B. Heaton. Sharon is Founder & CEO of sbLiftOff and one of the country's leading small business advocates. Appointed to the Small Business Administration's Investment Capital Advisory Committee, she is working nationally to increase small business access to investment capital. Heaton publishes in Harvard Business Review, Forbes, Washington Business Journal, Alabama.com and regional outlets around the country. Learn how to build a business that is irresistible to buyers and how to lift off on your next chapter in life. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The Power of 1:1 Meetings

Play Episode Listen Later Mar 7, 2024 29:06

Join Tom Wheelwright as he explores how to perform productive, successful meetings with guest and author of "Glad We Met - The Art and Science of 1:1 Meetings," Steven Rogelberg. Dr. Steven G. Rogelberg is an organizational psychologist who, by Adam Grant, has been called the "worlds leading expert on how to fix meetings." He holds the title of Chancellor's Professor at UNC Charlotte for distinguished national, international and interdisciplinary contributions, and is an award-winning teacher and recipient of the very prestigious Humboldt Award for his research on meetings. Discover the art and science behind a good meeting and how 1:1 meetings are the essence of great leadership. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Create Your Metaverse Workplace

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Play Episode Listen Later Feb 29, 2024 36:33

Join Tom Wheelwright as he explores how to prepare and engage the Metaverse Workplace to gain a competitive advantage in your business with guest and author of "The Metaverse Workplace Revolution," Jason Gesing. Jason is an attorney, co-founder and CEO of OMNUS Technologies, Inc. and OMNUS Law, and a pioneer in metaverse-based work environments since 2010. His companies are dedicated to transforming and improving the lives of attorneys and other service professionals by using technology to reduce costs and unlock dominant competitive advantages. Discover the value in operating your business inside the virtual world, steps to creating your own metaverse workplace, and why "Now is the time to make the choice: adapt or collapse." Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Principles of Effective Communication

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Play Episode Listen Later Feb 1, 2024 35:25

"What if it's always your fault people aren't getting back to you?" Join Tom Wheelwright in this episode as he talks about how entrepreneurs and investors can effectively communicate in our age of AI, algorithms, and cancel culture with professor and author, Todd Rogers. Todd is a Professor of Public Policy at the Harvard Kennedy School of Government, Psychologist / Behavioral Economist, and author of "Writing for Busy Readers". Discover key principles like accommodating how people read, valuing and respecting the reader's time, and more. Order Tom's book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

49-The Zero-Tax Myth

Coaches, Consultants, and Money

Play Episode Listen Later Oct 17, 2023 10:29

Book a Strategy Session with Erica In this episode, we dive deep into the often-discussed topic of paying zero taxes. Does it sound too good to be true? It might be. Erica explains 3 legitimate and specific strategies you can use to minimize them as a consultant, coach or small agency owner. Resource referred to in this episode - The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make (on Amazon) Other recommended episodes: 7 - Business Money 101: Bookkeeping Practices 21 - What's an S-Corp and When Should I Become One? 33 - Happy Hour Retirement Talk with Ben Goode, CPA - Part 1 34 - Happy Hour Retirement Talk with Ben Goode, CPA - Part 2 Connect with Erica: Instagram LinkedIn Email List

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REPLAY - Wealth Series 2.0 - Episode 15 - Advanced Tax Strategies

ROIClear with Ray Hightower of Bridgetown Partners

Play Episode Listen Later Oct 9, 2023 59:57

*The giveaway has now closed. Did you know the tax code offers multiple incentives that anyone, not just the wealthy, can use to reduce their tax burden? In episode fifteen of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams talk with tax consultant, CPA, and Rich Dad Advisor® Tom Wheelwright about his newest book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make,” and how certain activities earn sizeable tax deductions. Disclaimer: You should not use our advice to make financial decisions. We highly recommend you seek professional advice from someone authorized to provide investment and retirement advice. In this episode, we cover the following: Educating yourself about the tax codes [1:30] Partnering with the government [5:56] What does it really mean to pay less tax? [8:32] Tax deductions with traditional retirement accounts [10:49] Benefits of using non-qualifying retirement plans [14:30] Tax deductions using stocks [18:30] Donating stocks and donor-advised funds [18:40] Why the government wants you to invest in real estate [22:15] Buying investment properties [23:10] Standard and bonus depreciation [26:38] Benefits of a 1031 exchange [36:02] Homeownership and tax-free investing [37:45] Tax strategies for business ownership [39:30] Tax benefits of hiring your children [40:30] Deducting business expenses [41:48] Section 1202 tax gain for small business stock [44:45] Home office deductions [46:10] Tax incentives for energy [47:33] Reducing your taxes by using the tax laws [52:56] One sign of a good tax advisor [55:55] Resources discussed in this episode: Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly Download the workbook and resources for Episode 15 at https://winmakegive.com/wealth-part-15/ Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive Connect with the hosts: Ben Kinney: https://www.BenKinney.com/ Bob Stewart: https://www.linkedin.com/in/activebob Chad Hyams: https://ChadHyams.com/ Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/ More ways to connect: Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up Explore the Win Make Give Podcast Network: https://WinMakeGive.com/ Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx ------ Part of the Win Make Give Podcast Network

Supply Chain Management & Real Estate Syndication with Melvin Landry Jr.

Play Episode Listen Later May 30, 2023 24:25

About the guest: Melvin Landry Jr. is a Co-Founder of More-Land Equity Capital. He's a University Professor and multifamily investor real estate syndicator. In this interview, he reveals the secret to their success as a couple running a real estate company and exploring the academic side of his career. Books recommended by Melvin Landry Jr.: * You Owe You - https://www.amazon.com/You-Owe-Ignite-Power-Purpose/dp/0593234987 * The Win-Win Wealth Strategy - https://www.amazon.com/Win-Win-Wealth-Strategy-Investments-Government/dp/1119911540 Relevant Links: https://morelandequity.com/ https://www.facebook.com/melvin.landry.5 https://www.facebook.com/morelandequity https://www.linkedin.com/in/melvin-landry-1984118/ About Ray Hightower: Ray Hightower is a tech company founder and commercial real estate investor based in Phoenix, Arizona, USA. He serves as CEO of Bridgetown Partners, the creator of ROIClear. https://ROIClear.com https://BridgetownPartners.com https://RayHightower.com #ROIClear #Entrepreneurship #Business #RealEstate Note: ROI Clear is written without spaces: ROIClear.

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Tax Investments the Government Will Pay You to Make

How to Scale Commercial Real Estate

Play Episode Listen Later May 8, 2023 25:49

Today's guest is Tom Wheelwright Tom is a CPA, CEO of WealthAbility®, Rich Dad Advisor, entrepreneur, international speaker, the bestselling author of Tax-Free Wealth and The Win-Win Wealth Strategy. Join Sam and Tom in today's episode. -------------------------------------------------------------- [0:00] Intro [0:51] The 3 questions [1:57] Scaling CPA firms [5:38] Things to hyperfocus on now [10:08] Cost segregation firms [12:09] Solar opportunities [20:05] Doing well / Making mistakes [24:41] Closing -------------------------------------------------------------- Connect with Tom: Facebook: https://www.facebook.com/4wealthability/ Twitter: https://twitter.com/WealthAbility Instagram: https://www.instagram.com/tom_wheelwright/ Linkedin: https://www.linkedin.com/company/wealthability/ Web: https://wealthability.com/ Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: 00:00:00:00 - 00:00:22:07 Tom Wheelwright If you're in a location, if you have commercial property in a location that gets decent sunshine and you're not doing in solar, you're missing out on one of the easiest ways to make money there is right now. I mean, consider you get a 30% tax credit and with 80% bonus depreciation, you get a 65% tax deduction. 00:00:22:23 - 00:00:29:04 Intro Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor. We'll teach you how to scale your real estate. Investing business into something big. 00:00:31:16 - 00:00:49:04 Sam Wilson Tom Wheelwright is a tax and wealth expert. He's a CPA CEO of Wealth Ability. He's a rich dad, advisor, an entrepreneur, international speaker, and the bestselling author of Tax Free Wealth and the Win Win Well Strategy. Tom, welcome to the show. 00:00:49:23 - 00:00:51:12 Tom Wheelwright Thanks for having me, Sam. It's great to be with you. 00:00:51:16 - 00:01:01:16 Sam Wilson Absolutely, Tom. The pleasure's mine. There are three questions I ask every guest who comes on the show in 90 seconds or less. Can you tell me, where did you start? Where are you now and how did you get there? 00:01:02:16 - 00:01:34:20 Tom Wheelwright Well, I started as I grew up in Salt Lake City, Utah, so I actually spent two years as a mormon missionary in Paris learning how to get rejected in French, which was kind of my start in entrepreneurship, and then started with Ernst and Young and built run sold CPA firms for the last 30 years. So right now, currently running a network of CPA firms around the U.S. So we have over 60 CPA firms throughout the U.S.. 00:01:35:23 - 00:01:57:06 Sam Wilson Wow. That's that's a lot bigger than what I even understood here. You know, talking to you before you came on the show. So you have I would say then you have a comprehensive understanding of what it means to build and scale businesses among real estate holdings probably as well. So that's that's really, really fascinating. Building and scaling CPA firms. 00:01:57:17 - 00:02:07:11 Sam Wilson What's the need in the industry? I would think inside the United States that, you know, every town has its fair share of CPA firms. How are you finding opportunity in that space right now? 00:02:07:15 - 00:02:38:08 Tom Wheelwright Well, the challenge is, is that CPAs, we have a weird industry. We sell something that people don't want and we give away something they do want. So we sell tax returns, financial statements. Nobody really would do a tax return if you didn't have to. People need them, but they don't want them. And CPAs don't do a very good job of providing tax advice. 00:02:38:16 - 00:02:59:16 Tom Wheelwright They're they'll respond to your questions, but they really do not understand the tax law very well. And they do not do a good job of of really taking a proactive approach to helping their clients reduce their taxes, which there are thousands of ways to do it. And most CPAs, unfortunately, don't do that. So it actually makes it for a pretty blue ocean for us. 00:03:00:03 - 00:03:12:18 Sam Wilson Yeah, I would. I would think so. Speaking of on on the blue ocean, the term blue print comes to mind. It sounds like you guys have figured out a way to move into a city, set up an office. Here's how you do it. What's what is that playbook. 00:03:12:18 - 00:03:38:22 Tom Wheelwright For you, you know? Well, you know, we do we don't set up offices. We've actually we've actually brought in members into our network that are established CPA firms. And what we do is we train them and we provide a system for them. And then we we do some marketing and sales for them. So we're actually we're actually their resource to be a better CPA firm. 00:03:39:07 - 00:04:00:02 Sam Wilson Got it. Got it. And you mentioned there the two things, you know, that I think a lot of times and certainly been mostly my experience is that the tax planning, the tax the CPA side of it is a very reactive business. What do you guys do in order to make it in, make it and make that a proactive, engage with your clients before that tax bill comes due? 00:04:00:09 - 00:04:01:11 Sam Wilson What's that look like? 00:04:02:04 - 00:04:30:20 Tom Wheelwright We do a couple of things actually unique to us. First of all, with every new client, we actually build build out a long term plan of action for the long term strategy. We find out take a very holistic approach. We look at their we look at really four areas of their finances. We look at their wealth. What are they going to do with their money, which some you specialize in? 00:04:30:20 - 00:04:53:22 Tom Wheelwright I know we look at their tax, income tax, but we also look at their asset protection and their estate planning because you want to take a very broad picture if you really want to understand a client. And then we really focus on all the positive incentives in the Internal Revenue Code instead of worrying about the IRS is going to come get us. 00:04:53:22 - 00:05:14:09 Tom Wheelwright So we're looking for those things that the government wants us to do, things that they want us to invest in. Real estate being one of those and which one do they want to invest in? And if they're willing to do what basically partner with the government as an act to partner with the government will show them how to seriously lower their taxes. 00:05:15:03 - 00:05:38:08 Sam Wilson And that's the I like the I like the way you said that the positive incentives that are out there because yeah, I mean, so many of us we want to avoid like, oh, it's, you know, I want to make sure that I don't get hit with that tax or get hit with this tax. But you're kind of turning that on its head and saying, how do we how do we actually work alongside the incentives that are being placed out there to make this a more favorable outcome for us? 00:05:38:08 - 00:05:51:24 Sam Wilson Let's talk about those two or three things maybe that are on the top of your mind that you would say are some of the things that people should be thinking about right now. What's a what's a hyper focus, maybe for you and or your firms? You say, hey, here's advantages that that can be had at the moment. 00:05:52:17 - 00:06:28:13 Tom Wheelwright Well, we do a lot of work with real estate investors. Really. Our primary specialty is entrepreneurs who also invest in real estate and real estate. Of course, that has had huge tax advantages for the last several years with bonus depreciation, right? Where we get to not just take it over 27 half years or 39 years and commercial property, but we actually can take a deduction for things like the contents of the building, the land improvements on the building. 00:06:28:13 - 00:06:54:08 Tom Wheelwright We can take that deduction immediately. So what that means is that for a typical investor, if if there is let's say you got a 75% loan to value, you're probably going to get a deduction equal to the amount of your investment. Right. And that's a big deal. I mean, you can put $100,000 into an investment and get $100,000 deduction. 00:06:54:08 - 00:07:16:23 Tom Wheelwright That's pretty cool. Only in the last few years. So we've been will do that in the U.S. in real estate. It it's gone down this year so we were at 100% prior to this year. And then this year we're 80% about bonus depreciation. But remember, we still get the rest of the depreciation, so forth. But what I find is, is that invest ers and a lot of syndicators do this. 00:07:17:06 - 00:07:40:08 Tom Wheelwright They don't do a cost segregation, which is required technically it's required by law anyway. The IRS doesn't enforce that law, but it is required. And and what they don't do is go hire an engineer with a CPA and go out and actually do a real detailed analysis. And because of that, they end up leaving a lot of money on the table. 00:07:40:13 - 00:07:59:20 Tom Wheelwright As you know, I think the most important thing in real estate is cash. And you got cash to make the next deal. Right. And so you want your cash early. You don't want to be you want to be giving your money to the government to hold on for you. Right? You want to actually be using that money to invest. 00:07:59:20 - 00:08:19:12 Tom Wheelwright Marissa And frankly, they do too. I mean, that's the whole purpose of this incentive is so that the government is saying, look, if you will go out and invest your money and do it the way we tell you to do it, then we will actually provide that cash will help you with that cash flow. You don't have to pay taxes now. 00:08:19:12 - 00:08:51:21 Tom Wheelwright You can pay taxes later, maybe never depending on how serious you are as an investor. But definitely what we want is we know that commercial property, we know that industrial property, we know that agricultural, we know that housing, these are all necessary and important to the economy in the United States, that they're necessary aspects to our economy. And so we want to make sure that we take advantage of those and do the things that the government really saying. 00:08:51:21 - 00:09:12:03 Tom Wheelwright These are not these are loopholes, these aren't mistakes. We're not avoiding taxes. We are doing what the government has said is the law and that's actually one of the things that I'm really high on my mind right now, because we have so many people talking about the rich don't pay tax and they're not paying their fair share, which is they pay all of it. 00:09:12:08 - 00:09:36:22 Tom Wheelwright So that's hard to stomach that they don't pay their fair share because really the rich do pay most of the taxes and that, you know, somehow they're, you know, cheating. Well, I'll tell you what my my experience is. It's not frequently the rich people. I'm sure there are rich people who cheat on their taxes. But honestly, serious investors don't ever need to cheat because there are so many tax incentives. 00:09:37:20 - 00:09:50:22 Tom Wheelwright So I think that cost segregation and just taking advantage of that bonus to break depreciation is number one in my book right now. I just think so many people I'm seeing so many people not do it. 00:09:52:02 - 00:09:57:01 Sam Wilson That's why like, I mean, that seems like the lowest hanging fruit for any of us. 00:09:57:10 - 00:09:58:01 Tom Wheelwright Doesn't it? 00:09:58:05 - 00:10:07:15 Sam Wilson Yeah, even even in residential real estate. Like if you're a residential real estate investor, you can still get a court segregation study done. And in that. 00:10:07:15 - 00:10:07:22 Tom Wheelwright Yep. 00:10:08:00 - 00:10:28:05 Sam Wilson And it's not that expensive. I mean, really. Right. But let's talk about maybe that for a minute because I will say I've had, uh, varied successes with cost segregation reports. They can be wildly different, one firm to the next. 00:10:28:05 - 00:10:28:15 Tom Wheelwright They can. 00:10:28:19 - 00:10:38:16 Sam Wilson Same exact property. How does an investor know when they're dealing with a good cost segregation firm? 00:10:38:16 - 00:11:01:20 Tom Wheelwright Well, I think you can take some good rules of thumb to begin with. So on your bonus depreciation and you know, I think as a rule of thumb, you are your the contents of your building are probably going to be somewhere between 15 to 20% of the value of the building and the land improvements going to be another 5 to 10%. 00:11:01:20 - 00:11:24:22 Tom Wheelwright So you could be anywhere from 20 to 30% in that category if you're down below that, then I would be concerned. If you're up above that, I'd also be concerned. So you got to I see on both ends, of course, because like we like to say is that in in taxes, pigs are cute and hogs get slaughtered. So you have to be you want to be a little careful. 00:11:24:22 - 00:11:41:16 Tom Wheelwright But I really think that the most important thing, of course, you get a good referral, you get either from your CPA or somebody actually preferably your CPA because they actually know the industry and they're probably going to be the best. They're going to probably be the best referral source for you. 00:11:41:24 - 00:12:09:00 Sam Wilson Yeah. Yeah, absolutely. Absolutely. Yeah. That's that's a big thing. And even even an 80% bonus depreciation still, that's really strong. And something that I'm surprised to learn from you that that real estate investors, commercial real estate investors aren't taking advantage of that, that that truly blows my mind because that just seems so easy. Another one maybe that I think you and I talked about off air here is the solar. 00:12:09:03 - 00:12:13:11 Sam Wilson You said that there is good opportunity in solar right now. Please. 00:12:13:11 - 00:12:40:09 Tom Wheelwright Oh, my detail. If you're if you're in a if you're in a location, if you have commercial property in a location that gets decent sunshine and you're not doing in solar, you're missing out on one of the easiest ways to make money there is right now. I mean, consider you get a 30% tax credit and with 80% bonus depreciation and you get a 65% tax deduction. 00:12:40:09 - 00:13:06:14 Tom Wheelwright So you basically get so you get the 30% right off the top. So if you put $100,000 on a small commercial building, you know, okay, there's your example. I just did it on my building. And you did a that's $30,000 off the top of your taxes, right. And then 80% of 85% of the $100,000, which is about 65%. 00:13:06:14 - 00:13:38:24 Tom Wheelwright Okay. But that's just how it works, is 80% of 85% gets bonus depreciation. And then we actually get a haircut as the credit. But that's about 65%. Well, if you're in a 40% tax bracket, that's a pretty big number. That's actually bigger than the credit. So really what's going on is the government is saying, well, we'll pay for about two thirds of your solar and then what you're doing is you're reducing your own costs. 00:13:38:24 - 00:14:13:15 Tom Wheelwright Because here's the key, I think to solar. You need to make sure that you're not selling that power to the grid. You want to make sure that you're using that power. And if you're using that power, you're getting retail prices for it because that's something you're not pain, right? So you're getting retail prices. I know on our on my building, my return on investment is going to be somewhere in the neighborhood of 20 to 22% while on an annual because of that because of the tax benefits. 00:14:13:15 - 00:14:36:07 Sam Wilson Wow. That's I hadn't thought about the bonus depreciation side of that equation because this is something that we're working through right now on several properties and evaluating those and going, okay, so we put solar, you get the 30%. And then but I hadn't I hadn't put that bonus depreciation part back into that equation to see how how much sense that does make. 00:14:36:12 - 00:14:50:04 Sam Wilson One of the other things that I'm learning here is that there's even like I know one of the buildings we were looking at has it has an even other there's other economic bonuses inside of that because there's. 00:14:50:08 - 00:15:12:21 Tom Wheelwright That there are so so for example, first of all, with the solar, sometimes the you local utility will give you credits and they'll give you a rebate. So there's money there. Sometimes you're just your municipality will give you a rebate or your state. Remember, you got state taxes too, and bonus depreciation counts against state taxes as well in most states. 00:15:13:02 - 00:15:52:04 Tom Wheelwright Yeah. So that's an additional amount that you've got. You know, there are other things you can do. Of course the building, whether it's windows or, you know, other things, they're not nearly as impactful on your taxes as the solar. But remember, the batteries count, too, and the batteries are a key component because solar without batteries is marginal. But solar with batteries is really good because now you got you've got that storage so that if without that, you're actually ending up selling a lot of it to the grid because during your high production times, you can't use it. 00:15:52:04 - 00:16:10:05 Tom Wheelwright All right? And you need it when it's when the sun's not out. So you can store that in your battery. I've got a couple of batteries in my house. I've got batteries with my in my commercial property. And the batteries, I will tell you, there is they're as important as the solar panels. 00:16:10:05 - 00:16:29:00 Sam Wilson That's really interesting. Yeah. Because it you know, the direct consumption model works, I guess, to a certain point. But I would only imagine, like you said, that the battery stored in the back end is one of those things that that really makes the whole thing whole thing go round, you know, and there's differences, from what I understand in between some states are net metering. 00:16:29:00 - 00:16:44:14 Sam Wilson I don't think Tennessee is a net metering state. So I think like here I've learned this all here recently as we've been examining these products going, okay, so they're going to sell it just to sell it to us on the grid at $0.12 a kilowatt hour or whatever it is, I don't know. It was close to these numbers. 00:16:44:14 - 00:16:49:10 Sam Wilson And then if it goes back to the grid, they're only giving us $0.05 a kilowatt hour. 00:16:49:10 - 00:17:13:18 Tom Wheelwright Right? Right. So so you want to going back to the grid, you want to be using all of your solar. And if you've got a tenant, then what you want to make sure of is that the tenant's paying you, right? So you actually are set up so that the tenants because it because of the tenant normally pays for the solar for their power, then you're not getting any benefit right from that. 00:17:13:18 - 00:17:21:06 Tom Wheelwright Right. So what you have to do is you actually have to set it up so that you build a tenant for their power and the utility bills. 00:17:21:06 - 00:17:40:17 Sam Wilson You Yeah, well that makes sense. That makes a lot of sense. Do you know, are there this sounds like it's getting more challenging but are there I would imagine there are software programs and things that you can build in that help you calculate that and you're not going out to meters and writing things down, trying to figure out what the tenant actually bills you do. 00:17:40:17 - 00:17:41:13 Sam Wilson You know anything about that? 00:17:42:05 - 00:17:57:24 Tom Wheelwright Well, you would actually. Yeah. You actually do your own effectively your own meter so that you are you are actually taking advantage of and knowing what they're using and you're billing them, you know, whatever the whatever the normal utility rate is. 00:17:58:11 - 00:18:29:16 Sam Wilson Right. No, that's very cool. I like that. And this goes back to the positive incentive things because this is what somebody mentioned here to me recently. They said, look, they figured out that it's cheaper and probably a faster implementation because our our electric grid is so old. I mean, it's so old. They're said it's cheaper for homeowners to put in businesses, to put solar on their roofs and help offset the cost of upgrading the infrastructure and producing more electricity, give it to them and then put some massive incentives on it. 00:18:29:16 - 00:18:39:17 Sam Wilson And maybe that'll help kind of stave off the need for immediate, you know, reworking of the entire electrical grid. I mean, is that does that sound in keeping with what you heard? 00:18:39:17 - 00:19:08:15 Tom Wheelwright I think I think for sure there's that. And I'm, you know, the I mean, the the big problem is, is that if you're looking at from a math standpoint and you're talking about energy usage, solar is not entirely predictable. Right. But with your you know, with your own property, you're much better predicting that. Right? You know what it's going to have you know what your usage is. 00:19:08:15 - 00:19:30:03 Tom Wheelwright So it's really it's almost like like, you know how blockchain is distributed right out to the end. And Bitcoin, that's what makes Bitcoin work. Well, this is really just your distributing out to the end user. And I think when the end user takes care of it, then then the utility just doesn't have nearly as much that they have to produce. 00:19:30:12 - 00:19:48:07 Tom Wheelwright They don't, they, they can now use their, their established energy for, you know, for those special occasions when it's really cold or really hot. You know, so that they can maximize and don't have to build so much. 00:19:48:14 - 00:20:05:03 Sam Wilson Right? Right, right. No, that's really, really cool. Tom learned a lot here today. Let's let's take a look really over the lifetime of your career, I want to ask probably maybe some more, you know, things you've done right, things you've done wrong. You've built a lot of businesses. You've been a lot involved in a ton of real estate. 00:20:05:10 - 00:20:17:00 Sam Wilson You've done a lot of things over the years. So if there was one thing that you feel like you've done really well in your career and maybe one thing you feel like that was a mistake that our listeners could learn from, what would those things be? 00:20:18:00 - 00:21:02:08 Tom Wheelwright Oh, wow. I mean, there's it's so hard to pull from all those different mistakes because I've made so many, you know, I think the one thing that I've done really well is understood. I've learned what I really am good at and what I'm not good at, and I've stuck with doing what I'm good at. I find that the mistakes I make tend to be doing things I'm not good at or thinking, Oh, you know, well, this is tangentially related to so I'll go, you know, I'll go kind of my tone to that and I mean, for example, a good example was I was I got my series seven securities license years ago because I'm going, 00:21:02:08 - 00:21:27:12 Tom Wheelwright well, you know, financial planning tax go right together, right? Yeah. But the thing is, is that I realized pretty quick that that's a whole separate industry. And I don't want to I can't be really good at both tax and financial planning. Can't do it. So I very much find that the old saying a niche will make you rich. 00:21:27:23 - 00:21:54:08 Tom Wheelwright It's been very successful. I, the real estate investors I know who are super successful, they are very niche real estate investors. I met one yesterday literally. I met one yesterday that he specializes in small bay industrial properties, 2000 square foot base. So these are industrial properties. These are like, you know, like these are cabinet makers, people like that. 00:21:54:08 - 00:22:21:01 Tom Wheelwright Right. That's all he does. He's he's worth a fortune. He's made a fortune in that specialized area of investing. And he doesn't go outside of it any. And he stays in his. Yeah. He can expand his market, you know, his location a little bit, but he stays in his in that business. So for example, we build we have software, but it's software for our CPAs to use for the clients we have. 00:22:21:15 - 00:22:41:10 Tom Wheelwright So we have a software business, we have real estate, but the real estate is commercial real estate, the houses in our CPAs and and our business. So we don't stray from what we're really good at. And that's where we've been. That's where I've actually been most successful. And where I've been least successful is probably getting into things that I'm just not good at. 00:22:41:10 - 00:22:54:07 Tom Wheelwright Like I'm not a really good manager, I'm a much better leader than a manager. And so for me to be the manager is really bad idea and people are not going to like it. I'm going to cause problems. 00:22:55:02 - 00:23:12:20 Sam Wilson So I like it. I like it. That sound advice certainly appreciate you taking the time to share those. And that's I mean, yeah, that's that's something that, you know, like all of us can relate to, especially the the one about focus. I mean, just zero in in and stay in there. And that's a challenge. That's a challenge for, I think, all of us. 00:23:12:20 - 00:23:19:06 Sam Wilson And anyway it is. Yeah. I mean, especially as an entrepreneur, we only see opportunity. It's like, oh. 00:23:19:14 - 00:23:42:03 Tom Wheelwright Exactly, exactly. So literally, I'm an event, a mastermind group yesterday with 80 entrepreneurs. Right. And they're all doing different things. They all sound so exciting. They're great. And I, I actually talk to one that is doing something that I've been interested in. Well, he's like light years beyond. I mean, it would take us years and we'd never catch up, right? 00:23:42:05 - 00:24:00:01 Tom Wheelwright And I'm going, so let him do it. Right, right. We're way ahead in our industry. And, you know, we're taking on an industry that, you know, take, you know, taking on something that you're good at, that you really enjoy, that you thrive doing. I think that's what makes life great. 00:24:00:08 - 00:24:17:10 Sam Wilson Yeah, absolutely. Absolutely. And that that that brings you know, that's full circle to the idea of becoming a passive investor. Hey, if you want to you want to participate in that cool business, let me be a capital provider and you go and I'll just watch. I'll get your monthly report and it won't take any bandwidth from it. 00:24:17:10 - 00:24:23:04 Tom Wheelwright So that's I do a lot of that. I now do a lot of passive investing for that reason. 00:24:23:05 - 00:24:41:15 Sam Wilson Right, right. Because you can scale into things that you're interested in experts. Right, without being the expert. So that's very, very cool. Tom I've enjoyed certainly our conversation today. Thank you for taking the time to come on the show and really give us some insight into where we can be taking advantage of the positive incentives that are inside of the tax code. 00:24:41:20 - 00:24:52:04 Sam Wilson Learned a lot from you, learned from your mistakes and the things that you have done certainly really well. Thank you again for coming on. If our listeners want to get in touch with you and learn more about you and or your books, what is the best way to do that? 00:24:53:00 - 00:25:12:22 Tom Wheelwright Really best what I do is just go to our website well stability dot com and we're happy to evaluate your prior your tax return earns take a look at them see if there's something that we can do if if we can raise it if there if we can't we will let you know. We only like happy clients. 00:25:13:05 - 00:25:20:07 Sam Wilson Fantastic wealth ability dot com. We make sure we include that there in the show notes. Thank you again, Tom. Certainly appreciate it. 00:25:20:07 - 00:25:20:16 Tom Wheelwright Thank you. 00:25:21:23 - 00:25:43:08 Sam Wilson Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. 00:25:43:08 - 00:25:46:14 Sam Wilson So appreciate you listening. Thanks so much and hope to catch you on the next episode.

042: How to Achieve Tax-Free Wealth with Tom Wheelwright

Zen and the Art of Real Estate Investing

Play Episode Listen Later May 3, 2023 47:42

When it comes to real estate and taxes, many investors just don't know what they're doing. That lack of education and understanding could cost them a lot of money. There are multiple reasons someone might have yet to learn about how taxes affect their bottom line, and sometimes, it just comes down to them not being ready. But if you are prepared to learn, knowing some simple tax rules as they apply to businesses could save you a lot of money and go a long way toward helping you continue to build wealth. In this episode of Zen and the Art of Real Estate Investing, entrepreneur, bestselling author, Rich Dad advisor, and international tax authority Tom Wheelwright joins Jonathan to talk about how tax knowledge can put your real estate investing career on a new trajectory. His book, Tax-Free Wealth, is a bestseller, and his new book, Win-Win Wealth Strategy, is a Wall Street Journal and USA Today bestseller. Tom explains one of the secrets to building real wealth and why the U.S. government wants you to pay fewer taxes. In this episode, you will hear: Why people don't know what they're doing with taxes and real estate investing You have to be in partnership with your accountant What Tom's WealthAbility System is, and how CPAs can use it to make their work easier Where new real estate investors get it wrong with their asset setups The impact of depreciation and cost segregation How Tom discovered accounting and why he says taxes don't have to be difficult His book, Tax-Free Wealth, what inspired him to write it, and what his new book, Win-Win Wealth Strategy, is about The Declaration of Financial Independence and the freedom wealth can give you Tom's first exposure to real estate investing and when he began investing His partnership with Robert Kiyosaki and how they met Why investing isn't nearly as complicated as people think and his advice for new investors A big mistake that real estate investors, in general, are making Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/042 to download it. Supporting Resources: Tom Wheelwright's website - tomwheelwright.com LinkedIn - www.linkedin.com/in/tomwheelwright Wealthability - www.wealthability.com The Wealthability Show - podcasts.apple.com/us/podcast/the-wealthability-show-with-tom-wheelwright-cpa The Win-Win Wealth Strategy -winwinwealthstrategy.com Tax-Free Wealth - www.amazon.com/Tax-Free-Wealth-Massive-Permanently-Lowering/dp/1947588052 Who Not How - www.amazon.com/Who-Not-How-Accelerating-Teamwork/dp/1401960588 Rich Dad CASHFLOW Board Game - www.amazon.com/CASHFLOW-Board-Exclusive-Strategy-Delivered/dp/B00M085AMI Website - www.streamlined.properties YouTube - https://www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties/ Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Real Estate Tax Investments The Government Will Pay You To Make with Tom Wheelwright (The Real Estate Investing Club #330)

The Real Estate Investing Club

Play Episode Listen Later Apr 17, 2023 37:59

Tom Wheelwright is a CPA, CEO of WealthAbility and Best-Selling Author of Tax-Free Wealth and The Win-Win Wealth Strategy. Wheelwright is a leading wealth and tax expert, global speaker, and Entrepreneur Magazine Contributor. Tom is best known for making taxes fun, easy and understandable, and specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that permanently reduce taxes. As a Rich Dad Advisor to Robert Kiyosaki (Rich Dad Poor Dad), Tom frequently speaks at conferences worldwide to entrepreneurs on these topics. His work has been featured in The Wall Street Journal, Washington Post, Forbes, Accounting Today, Investor's Business Daily, FOX & Friends, ABC News Radio, NPR, Marketplace and many more media.. Tom Wheelwright is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Tom Wheelwright? Reach out at https://tomwheelwright.com/Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes. ************************************************************************ GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/ WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow ************************************************************************  ABOUT THE REAL ESTATE INVESTING CLUB SHOW  Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learned along the way. Want to create wealth for yourself using the vehicle of real estate? Getting mentorship is the fastest way to success. Get an REI mentor and check out our REI coInterested in becoming a passive investor in one of my projects? My own company, Kaizen Properties, is looking for capital partners for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show

WIP 1181: Secrets of the Wealthy - How to Keep More of the Money You Make

Wholesaling Inc with Brent Daniels

Play Episode Listen Later Apr 3, 2023 31:50

Get ready for an insightful and action-packed episode as we dive into the world of real estate investing and discover how you can keep more of the money you make. Our guest, Tom Wheelwright, best-selling author of Tax-Free Wealth and The Win-Win Wealth Strategy, unveils the secrets to building wealth through strategic, tax-saving techniques. This episode is perfect for seasoned investors and newcomers alike, providing valuable information that can transform your financial journey. Be sure to check out Brent's TTP Training Program for an opportunity to work with him personally on building your wholesaling business. Show notes:(1:00) - Welcome and Introducing Tom WheelwrightKick-start your financial transformation with today's riveting episode(9:41) - Real Estate Investing: A Team SportLearn why collaboration is key to achieving success in the investing world(13:40) - The Power of Passive Income and Passive LossesUnlock the potential of passive income while understanding the importance of managing passive losses(14:50) - Active vs. Passive Income: The Crucial DifferenceDiscover the two types of income and how they impact your financial strategy(20:36) - Bonus Depreciation: A Game-Changer for InvestorsTom explains the concept of bonus depreciation and its benefits for real estate investors(27:14) - Income Generation: The Purpose of ExpensesUncover the true purpose of expenses and how they drive income generation(27:05) - Navigating Financial Statements with ConfidenceTom provides a crystal-clear framework for understanding and mastering financial statements(29:15) - Smart Financing for Long-Term AssetsLearn why utilizing long-term debt is the best approach for financing long-term assets----------Resources:The Tax Free Wealth by Tom WheelwrightThe Win-Win Wealth Strategy by Tom WheelwrightRich Dad Poor Dad by Robert KiyosakiWealthAbilityTo speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

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Tom Barnard Show: Hour 3 - CPA and financial author Tom Wheelwright on the recent bank failures

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Play Episode Listen Later Mar 22, 2023 72:29

Tom, Brittany and Rudy open the show talking about Gwyneth Paltrow's ski trial and Tom gives Brittany and Rudy and a spelling test.Kristyn Burtt joins us for news on Dick Van Dyke's car crash. 5 Eyewitness News' Chris Egert tells us why news outlets put stories in certain orders. Our special guest, Tom Wheelwright, gives us information on the recent string of bank failures and his new book The Win-Win Wealth Strategy. Judd Zulgad from SKOR North weighs in on this pre season with the Minnesota Twins.Stream the show LIVE on the Tom Barnard Show app M-F from 7-10AM or get the show on-demand on Apple Podcasts, Spotify or wherever you get your podcasts!Make sure to download the FREE Tom Barnard app for your chance to win $1,000 just by registering! You're automatically entered in the drawing every time you open the app. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tom Barnard Show: Hour 2 - Chris Egert's insight on news story placements.

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Play Episode Listen Later Mar 22, 2023 55:42

Tom, Brittany and Rudy open the show talking about Gwyneth Paltrow's ski trial and Tom gives Brittany and Rudy and a spelling test.Kristyn Burtt joins us for news on Dick Van Dyke's car crash. 5 Eyewitness News' Chris Egert tells us why news outlets put stories in certain orders. Our special guest, Tom Wheelwright, gives us information on the recent string of bank failures and his new book The Win-Win Wealth Strategy. Judd Zulgad from SKOR North weighs in on this pre season with the Minnesota Twins. Stream the show LIVE on the Tom Barnard Show app M-F from 7-10AM or get the show on-demand on Apple Podcasts, Spotify or wherever you get your podcasts!Make sure to download the FREE Tom Barnard app for your chance to win $1,000 just by registering! You're automatically entered in the drawing every time you open the app. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tom Barnard Show: Hour 1 - The Spelling Test

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Play Episode Listen Later Mar 22, 2023 53:10

Tom, Brittany and Rudy open the show talking about Gwyneth Paltrow's ski trial and Tom gives Brittany and Rudy and a spelling test.Kristyn Burtt joins us for news on Dick Van Dyke's car crash. 5 Eyewitness News' Chris Egert tells us why news outlets put stories in certain orders. Our special guest, Tom Wheelwright, gives us information on the recent string of bank failures and his new book The Win-Win Wealth Strategy. Judd Zulgad from SKOR North weighs in on this pre season with the Minnesota Twins. Stream the show LIVE on the Tom Barnard Show app M-F from 7-10AM or get the show on-demand on Apple Podcasts, Spotify or wherever you get your podcasts!Make sure to download the FREE Tom Barnard app for your chance to win $1,000 just by registering! You're automatically entered in the drawing every time you open the app. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tom Barnard Show: Hour 2 - Chris Egert's insight on news story placements.

spotify live stream gwyneth paltrow mf minnesota twins news stories placements dick van dyke tom wheelwright eyewitness news skor north win win wealth strategy tom barnard kristyn burtt

Play Episode Listen Later Mar 22, 2023 55:42

Tom, Brittany and Rudy open the show talking about Gwyneth Paltrow's ski trial and Tom gives Brittany and Rudy and a spelling test. Kristyn Burtt joins us for news on Dick Van Dyke's car crash. 5 Eyewitness News' Chris Egert tells us why news outlets put stories in certain orders. Our special guest, Tom Wheelwright, gives us information on the recent string of bank failures and his new book The Win-Win Wealth Strategy. Judd Zulgad from SKOR North weighs in on this pre season with the Minnesota Twins. Stream the show LIVE on the Tom Barnard Show app M-F from 7-10AM or get the show on-demand on Apple Podcasts, Spotify or wherever you get your podcasts! Make sure to download the FREE Tom Barnard app for your chance to win $1,000 just by registering! You're automatically entered in the drawing every time you open the app. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom Barnard Show: Hour 3 - CPA and financial author Tom Wheelwright on the recent bank failures

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Play Episode Listen Later Mar 22, 2023 72:29

Tom, Brittany and Rudy open the show talking about Gwyneth Paltrow's ski trial and Tom gives Brittany and Rudy and a spelling test. Kristyn Burtt joins us for news on Dick Van Dyke's car crash. 5 Eyewitness News' Chris Egert tells us why news outlets put stories in certain orders. Our special guest, Tom Wheelwright, gives us information on the recent string of bank failures and his new book The Win-Win Wealth Strategy. Judd Zulgad from SKOR North weighs in on this pre season with the Minnesota Twins. Stream the show LIVE on the Tom Barnard Show app M-F from 7-10AM or get the show on-demand on Apple Podcasts, Spotify or wherever you get your podcasts! Make sure to download the FREE Tom Barnard app for your chance to win $1,000 just by registering! You're automatically entered in the drawing every time you open the app. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom Barnard Show: Hour 1 - The Spelling Test

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Play Episode Listen Later Mar 22, 2023 53:10

Tom, Brittany and Rudy open the show talking about Gwyneth Paltrow's ski trial and Tom gives Brittany and Rudy and a spelling test. Kristyn Burtt joins us for news on Dick Van Dyke's car crash. 5 Eyewitness News' Chris Egert tells us why news outlets put stories in certain orders. Our special guest, Tom Wheelwright, gives us information on the recent string of bank failures and his new book The Win-Win Wealth Strategy. Judd Zulgad from SKOR North weighs in on this pre season with the Minnesota Twins. Stream the show LIVE on the Tom Barnard Show app M-F from 7-10AM or get the show on-demand on Apple Podcasts, Spotify or wherever you get your podcasts! Make sure to download the FREE Tom Barnard app for your chance to win $1,000 just by registering! You're automatically entered in the drawing every time you open the app. Learn more about your ad choices. Visit megaphone.fm/adchoices

E239 | Winning The Wealth Game by Knowing Your Tax Law with Tom Wheelwright

The Melting Pot with Dominic Monkhouse

Play Episode Listen Later Mar 21, 2023 37:40

Do you really understand how taxes work in your country? Our guest this week believes that 80% to 90% of people pay taxes and complain about the rich not paying. But, why do the rich don't pay taxes? Our guest says it's because smart entrepreneurs and wealthy people understand the laws. What people don't realise is that tax law is primarily a series of incentives for entrepreneurs and investors. This week on The Melting Pot, we learned from Tom Wheelwright, the CEO and founder of Wealth Ability, a network of CPA firms in the US and Canada. He's spent 25 years buying, building, and selling CPA accounting, whilst travelling the world with Robert Kiyosaki, author of Rich Dad, Poor Dad, giving financial education to entrepreneurs and investors. In this episode, Tom tells us about the difference between CPAs and entrepreneurs and how rare entrepreneurial CPAs are. He's also a Rich Dad advisor and shares the story of how he met Robert Kiyosaki, author of Rich Dad, Poor Dad, and how they ended up teaching the fundamentals of business to entrepreneurs all over the world. Drawing from his latest book The Win-Win Wealth Strategy, he talks about what are the seven investments the government will pay you to make.A fascinating conversation. Download and listen today. On today's podcast: Is it a moral duty to pay taxes?How do taxes really work?The seven investments governments will pay you to makeThe power of playing CashflowBecoming financially independent Follow Tom Wheelwright:WebsiteLinkedInThe Win-Win Health Strategy bookPodcast Book recommendations:Who Not How by Dan SullivanThe Innovation Ultimatum by Steve BrownRich Dad, Poor Dad by Robert KiyosakiHappy Money by Ken HondaEnjoyed the show? Leave a Review

Wealth Series 2.0 - Episode 15 - Advanced Tax Strategies

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Play Episode Listen Later Feb 20, 2023 59:57

In today's lesson, we dive into advanced tax strategies with my personal tax consultant, CPA, and Rich Dad Advisor® Tom Wheelwright. He is one of the leading experts in the world on tax strategy, and I highly recommend his two books, “Tax-Free Wealth” and “The Win-Win Wealth Strategy.” Over the years, Tom has helped me understand that the amount of taxes we pay dramatically affects our ability to do good in the world, fund our retirement accounts, invest back into our businesses, and save for higher education costs for our children or grandchildren. I'm excited to have him as a guest on the “Wealth Series 2” as I know what it's like to be in the losing money tax bracket and the higher-paying tax bracket. We all start somewhere, and the key to paying fewer taxes is education. Along with listening to this lesson (over and over) and reading Tom's books, please continue to learn more and hire a tax professional who can maximize your wealth with tax-reducing strategies. ---------- Nothing in this course constitutes investment advice, performance data, or any recommendation that any security, portfolio of securities, investment product, transaction, or investment strategy is suitable for any specific person. You should not use my advice to make financial decisions and I highly recommend you seek professional advice from someone who is authorized to provide investment advice. ---------- Share your thoughts and takeaways in our Facebook group at www.facebook.com/groups/winmakegive Part of the Win Make Give Podcast Network

Wealth Series 2.0 - Episode 14 - Pay Less Taxes

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Play Episode Listen Later Feb 17, 2023 55:22

Most people believe that they have no choice when it comes to how much taxes they pay. But, you can pay fewer taxes legally. It's not by using a loophole or top secret information; it's simply by understanding how the tax law works. If you look at the tax law, most of the 6,000+ page tax code is dedicated to reducing taxes. Only a handful of pages are actually about paying taxes. Why? The government wants to incentivize taxpayers to invest and engage in activities that shape the economy. I'm not saying it isn't our duty to contribute to the world. I believe in giving back and doing good, however, I want more choice in where my money goes, be it a nonprofit or public project I believe in. Now, I'm no tax expert. I'm walking alongside you on this wealth-building journey and sharing some things I've learned from experts. I highly recommend reading more about this topic in Tom Wheelwright's books “Tax-Free Wealth” and “The Win-Win Wealth Strategy.” I hope this lesson inspires you to learn more and hire the right professional to help you build your wealth with a tax strategy. ---------- You should not use our advice to make financial decisions and I highly recommend you seek professional advice from someone who is authorized to provide tax advice. ---------- Share your thoughts and takeaways in our Facebook group at www.facebook.com/groups/winmakegive Part of the Win Make Give Podcast Network

Who imagined that TAXES could be FUN? Tom Wheelwright tells us how.

The Relatable Voice Podcast

Play Episode Listen Later Dec 16, 2022 18:44

Welcome back to another episode of the Relatable Voice podcast! On today's episode, we are headed to sunny Arizona to speak with Tom Wheelwright. Tom is a CPA and the CEO of WealthAbility. He is also a best-selling author and his latest book is called The Win Win Wealth Strategy: 7 investments the government will pay you to make. Find out more at: https://tomwheelwright.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Who imagined that TAXES could be FUN? Tom Wheelwright tells us how.

The Relatable Voice Podcast

Play Episode Listen Later Dec 16, 2022 18:44

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Exposed: The Inflation Reduction Act

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Play Episode Listen Later Dec 14, 2022 44:38

In 2022, President Joe Biden signed the Inflation Reduction Act which “aims to curb inflation by reducing the deficit, lowering prescription drug prices, and investing into domestic energy production while promoting clean energy.” Today's guest argues that it does none of those things. Tom Wheelwright, the author of Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make, says, “There's nothing in there that reduces inflation. In fact, I call it the ‘Inflation Enhancement Act'.” Additionally, Wheelwright explains the impact this Act will have on businesses through the removal of some of the common tax deductions that business owners are currently receiving. Host Kim Kiyosaki and guest Tom Wheelwright discuss analyze and discuss the impact and effects of the Inflation Reduction Act, and the five things you can invest in to protect your wealth.

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Too Many Entrepreneurs Are Missing Out On These Tax-Effective Investing Strategies!

Franchise Secrets Podcast

Play Episode Listen Later Dec 7, 2022 60:06

Erik is joined by Tom Wheelwright to talk about his latest book, "The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make" Tom talks about how to transform the way you think about building wealth by discovering tax-effective investing strategies that will fatten your wallet while making the world a better place. Be sure to pick up the book here: https://winwinwealthstrategy.com/ Enjoy the Episode! Did you know you can listen to the Franchise Secrets Podcast on your favorite platforms? Spotify: https://open.spotify.com/show/4BpskQS... Apple Podcasts: https://podcasts.apple.com/us/podcast... Learn more about my franchisee mastermind here: www.franchisetribe.com ⬅ Learn more about my franchisor mastermind here: www.franchisortribe.com ⬅ Learn more about my passive investing mastermind here: www.tribeofinvestors.com ⬅ Want to buy a franchise? Connect with me here: https://forms.gle/n4JedEuU5p7asE617 ⬅ Want to franchise your business? Connect with me here: https://forms.gle/n4JedEuU5p7asE617 ⬅ Don't forget to subscribe to the Franchise Secrets Youtube channel so you don't miss out on any content! http://www.youtube.com/channel/UCGL_D.... Add Erik as a friend on Facebook: https://www.facebook.com/erik.v.horn/ Follow Erik on Instagram: https://www.instagram.com/erikvanhorn/ Connect with Erik on Linkedin: https://www.linkedin.com/in/evanhorn/ Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert

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157. Tom Wheelwright Interview - Why We Should “Partner With The Government” (Part Two)

Short Term Rental Riches

Play Episode Listen Later Nov 15, 2022 17:01

We have an extra special guest this week that you will not want to miss! He is one of the leading authorities on taxes in the nation when it comes to building your wealth tax free. You may recognize the name, Tom Wheelwright, from his bestselling book Tax-Free Wealth: How to Build Massive Wealth By Permanently Reducing Your Taxes or because he is the CPA for Robert Kiyosaki! (author of Rich Dad Poor Dad). Tom is an excellent teacher; his goal is to help people achieve their financial dreams faster by permanently and legally reducing their taxes. He has been a contributor to Entrepreneur magazine, and his work has been seen in Forbes, The Wall Street Journal, The Washington Post and on FOX, NPR, ABC News Radio and hundreds of other media outlets.This week we will break down some insights from Tom's latest book (I just had the pleasure of reading) The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make. Don't miss this extra special week as we discuss: Why short term rentals can have excellent tax advantages The difference between active and passive income Material Participation vs. being a real estate professional Why the government will discount your investment activities (if you pick the right ones) Why the rich don't pay taxes If you want to hear more from Tom (make sure you listened to part one) but you can also find Tom at www.Wealthability.com or on one of his two popular podcasts: The WealthAbility® Show with Tom Wheelwright CPA and The WealthAbility® for CPAs Show. Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended) You can find all of our links here including our website, recommended resources, upcoming live events, short-term rental playbook, Instagram, and more!

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156. Tom Wheelwright Interview - Why We Should “Partner With The Government” (Part One)

Short Term Rental Riches

Play Episode Listen Later Nov 8, 2022 22:07

We have an extra special guest this week that you will not want to miss! He is one of the leading authorities on taxes in the nation when it comes to building your wealth tax free. You may recognize the name, Tom Wheelwright, from his bestselling book Tax-Free Wealth: How to Build Massive Wealth By Permanently Reducing Your Taxes or because he is the CPA for Robert Kiyosaki! (author of Rich Dad Poor Dad). Tom is an excellent teacher; his goal is to help people achieve their financial dreams faster by permanently and legally reducing their taxes. He has been a contributor to Entrepreneur magazine, and his work has been seen in Forbes, The Wall Street Journal, The Washington Post and on FOX, NPR, ABC News Radio and hundreds of other media outlets.This week we will break down some insights from Tom's latest book (I just had the pleasure of reading) The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make. Don't miss this extra special week as we discuss: Why you should be an active partner with the government Why the rich don't pay taxes What you should do if your CPA is skeptical about saving taxes Strategies for saving tax Why the government will discount your investment activities (if you pick the right ones) If you want to hear more from Tom (make sure to catch part two) but you can also find Tom at www.Wealthability.com or on one of his two popular podcasts: The WealthAbility® Show with Tom Wheelwright CPA and The WealthAbility® for CPAs Show. Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well. Get a copy of my 12 proven house rules to protect your property from almost every negative situation (highly recommended) You can find all of our links here including our website, recommended resources, upcoming live events, short-term rental playbook, Instagram, and more!

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884: Investments The Government Will Pay YOU to Make - Interview with Tom Wheelwright - Episode 884

Investing in Real Estate with Clayton Morris | Investing for Beginners

Play Episode Listen Later Oct 6, 2022 32:54

If you want to build wealth you've got to do it strategically, otherwise you can end up with a hefty tax bill. The key to growing your wealth is understanding how the tax code works so that you can plan to make decisions that make you money while maximizing your tax savings. Whenever I have a tax question, there's only one person I consult: today's guest: Tom Wheelwright. On this episode of Investing in Real Estate, expert CPA and Rich Dad Advisor Tom Wheelwright is back to share amazing tax-saving tips from his new book, The Win-Win Wealth Strategy. We're discussing topics like the tax benefits of real estate investing, finding a qualified CPA, the tax benefits of starting a business, and much more!

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Tom Wheelwright: 7 Investments the Government Will Pay You to Make

Grow My Accounting Practice | Tips for Accountants & Bookkeepers to Grow Their Business

Play Episode Listen Later Sep 22, 2022 33:57

Show Summary The government will pay you to invest in their list of priorities, such as jobs, energy, food, technology, and the like, as long as you do it the way the government wants you to. It's a win-win for the government, business owners, and society. We all use the tax incentives, but according to Tom, we don't understand that the biggest tax incentives are for investors and business owners. They are not for little things we do for ourselves or other people. Tom shares the seven investments the government will pay the business owners for and how to invest in these in this episode. Up to this point, it has been the rich who have taken advantage of these because they have good tax professionals. In order to leverage these things, you have to get good advisors. Accountants, bookkeepers, and financial coaches can start with the books The Win-Win Wealth Strategy and Tax-Free Wealth to better position themselves so they can advise their clients about the tax incentives in businesses. The more wealth you build, the less tax you pay. Website: www.wealthability.com Facebook: https://www.facebook.com/Tom.Wheelwright.CPA https://www.facebook.com/4wealthability/ Youtube: https://www.youtube.com/user/tomwheelwrightcpa Twitter: https://twitter.com/WealthAbility LinkedIn: https://www.linkedin.com/in/tomwheelwright/ Corporate Partner: People Process – https://peopleprocesses.com/

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The Time I Bought a CPA Firm and Robert Kiyosaki was a Client with Tom Wheelwright

The Wealth Without Wall Street Podcast

Play Episode Listen Later Sep 8, 2022 40:05

Taxes take away a big chunk of our income. No wonder most people look at it negatively but did you know there are legitimate ways to reduce your tax payments? Today's guest believes that taxation is actually one of the most powerful tools for wealth creation. In this episode, Joey and Russ interview Tom Wheelwright, an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for reducing taxes to start building your massive passive cash flow. Tom's goal in life is “to make taxes fun, easy and understandable.“ Tune in as Tom shares what he learned from his CPA practice and from Robert Kiyosaki himself. Top 3 Things You'll Learn: How to find a great CPA and Tax Advisor Examples of legal tax incentives The importance of keeping good accounting records and proper documentation of all relevant transactions About Our Guest: Tom Wheelwright is an entrepreneur, bestselling author, Rich Dad Advisor® & International Authority on Tax. He is the CEO of WealthAbility, a company that offers a clear and simple guide for reducing taxes to start building your massive passive cash flow. Tom's goal in life is “to make taxes fun, easy and understandable.“ Resources: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) by Tom Wheelwright, CPA (Chapter 23 is all about How to Find a Great Tax Advisor) - https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058 (https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058) The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make by Tom Wheelwright, CPA - https://winwinwealthstrategy.com/ (https://winwinwealthstrategy.com/) Connect with Tom Wheelwright: Website - https://wealthability.com/ (https://wealthability.com/) The WealthAbility® Podcast - https://wealthability.com/show/ (https://wealthability.com/show/) Take Advantage of a Free Financial Strategy Call: https://go.wealthwithoutwallstreet.com/free-financial-call (https://go.wealthwithoutwallstreet.com/free-financial-call)

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Real Estate Investing with a Twist with Anthony Lawson - Episode 232

The Practical Wealth Show

Play Episode Listen Later Aug 18, 2022 33:21

I interviewed Anthony Lawson, a Diligent Real Estate Investor Specializing in Commercial Estate. We spoke about building assets and how he keeps on growing his portfolio from New Jersey to the Midwest. Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Anthony Lawson https://linktr.ee/AnthonyLawson https://www.facebook.com/groups/375688897731792/ https://grouphomemastery.com/ https://safespacehousing.com/ https://www.instagram.com/anthony_theinvestor/ https://www.facebook.com/profile.php?id=100026096768547 The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed Show Notes Guest spotlight: Who is Anthony Lawson? What the wholesaling business looks like How Anthony started with real estate What healthcare requirements are required that an investor should know What makes money your number one asset What is Anthony excited about for the next few years? What opportunities is he seeing? What the “F U System” is How money works How money can work for you How to learn more about Anthony Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

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Win-Win Wealth Strategies with Tom Wheelwright

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Play Episode Listen Later Jul 25, 2022 59:43

7 Investments the Government Will Pay You to Make Did you know the government will pay you to invest in these seven key sectors? In this episode, Ben Kinney, and Rich Dad Advisor®, and best-selling author Tom Wheelwright go through seven sectors and share game-changing wealth-building strategies available to all taxpayers! This webinar covers the top wealth-building strategies from Tom's book Win-Win Wealth Strategy: 7 Investments the Government Will Pay You To Make. ---------- Get Tom's book: https://amzn.to/3RjPYJ3 Visit https://winmakegive.com/wealth/ to sign up for our wealth-building podcast and learn more wealth-building strategies. Part of the Win Make Give Podcast Network

1873: Pay Zero Taxes (Legally!) Rich Dad CPA Tom Wheelwright: Tax-Free Wealth

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Jul 25, 2022 29:48

Jason Hartman invites Tom Wheelwright, entrepreneur, best selling author, Rich Dad Advisor® & International Authority on Tax to discuss how we as taxpayers can do what the government wants done and get a tax break for doing it! We've heard a lot of discussion in the media and in politics about how the rich don't pay taxes, but maybe they should rephrase the question to why the rich don't pay tax legally. And this is exactly what Tom's new book, The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make, is all about. Tom Wheelwright teaches you how any person can use those tax incentives for themselves. Why does the government do this in the first place? The government actually makes more money providing an incentive, than doing the work themselves! Learn more as Tom and Jason discuss the ins and outs of real estate taxes, tax deductions, home offices, tax credits and government incentives! Key Takeaways: 0:00 Welcome to The Creating Wealth Show 1:04 Welcome Rich Dad Advisor® Tom Wheelwright, CPA & author of Tax-Free Wealth 1:40 Tom's brand new book - The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make 2:45 Income property is the most tax favored asset class in America 3:50 John F. Kenedy was the first president to incentivizing manufacturing for tax credits on a larger scale 7:02 The government actually makes more money providing an incentive than doing the work themselves 7:43 Your real estate investing is a business 9:56 LLCs, Schedule C and tax returns 13:57 Should you file individual returns for each entity? 15:00 How do I make expenses deductible? 16:35 Every country has business tax benefits 18:03 Tom's Win-Win Wealth Strategy 19:51 Changing our tax mindset 21:01 If you put solar on your business property, you get a 26% credit and an 87% deduction 22:55 When Joe Biden came into the office, the benefit started shifting towards renewable energy 25:16 The home office deduction and the 4 rules of a business deduction 27:53 Change your facts, change your tax 28:22 Get Tom's new book at WinWinWeathStrategy.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel

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Tom Wheelwright - #2194

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Play Episode Listen Later Jul 20, 2022 104:02

Americans are some of the least-taxed people in the first world. And yet, it's still too much. It's your money. You worked for it. Why shouldn't you keep it? Well, there are ways to make that happen. The reason you pay taxes is because the government wants the fruits of your labor. But if you labor with the government, they're already benefiting, right? Hence, tax breaks. The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make See omnystudio.com/listener for privacy information.

406: The Government Will Pay You to Invest Here with Tom Wheelwright

Get Rich Education

Play Episode Listen Later Jul 18, 2022 42:55

Since 1991, national home prices have appreciated 275%. I break it down state-by-state for you. Slowest? Connecticut with 137%. Fastest? Utah with 599%. Two misleading RE statistics are: real estate sales volume, home price cuts. I tell you where I'm spending my summer. Next, Tom Wheelwright joins us. He authored the new book, “The Win-Win Wealth Strategy”. He tells us about the 7 investments that the government will pay you to make. You don't pay up to 12.3% Social Security Tax on rental income like you do with your day job. Tax depreciation is explained. Bonus depreciation is being gradually phased out after this year. Resources mentioned: Show Notes: www.GetRichEducation.com/406 Tom's New Book: “The Win-Win Wealth Strategy” State-By-State Home Appreciation Since 1991: https://advisor.visualcapitalist.com/growth-in-u-s-house-prices-by-state/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com JWB's available Florida income property: www.jwbrealestate.com/gre To learn more about eQRPs: text “GRE” to 307-213-3475 or: eQRP.co Available Central Florida new-build income properties: www.b2rdirect.com Best Financial Education: GetRichEducation.com Get our free, wealth-building “Don't Quit Your Daydream Letter”: www.GetRichEducation.com/Letter Our YouTube Channel: www.youtube.com/c/GetRichEducation Top Properties & Providers: GREmarketplace.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

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7 Investments the Govt. Will Pay You to Make

AFO|Wealth Management Forward

Play Episode Listen Later Jul 18, 2022 37:38

Rory and Dan Casey of Arrowroot Family Office talk with Tom Wheelwright about his latest book: The Win-Win Wealth Strategy 7 Investments the Government Will Pay You to Make. Listen to ways the government incentivizes through tax benefits: Business Ownership, Real Estate, Energy, Technology, Agriculture, and Retirement Savings. Discover why real estate is a multi-dimensional asset class that offers both tax savings and wealth-generating capabilities. Tom breaks down the 4 categories of earners and approximately what they pay in tax: Wage Earners (40%), Self-Employed (60%), Big Business (20%), and Professional Investors (as little as 0%). Find out why the government grows the economy through incentivizing the balance sheet, not the income statement. Are the tax benefits of starting a business greater than the cost of starting one? Do you want to know how the govt. can help you buy a Ferrari, a boat, or a house? Find out the answer to these questions and more in this Tax Saving and Wealth Building episode!

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Tom Wheelwright Shows Us How To Get The Government To Pay You To Invest With

Financial Quarterback Josh Jalinski

Play Episode Listen Later Jul 17, 2022 52:59

Josh is joined by Best Selling Author and wealth expert Tom Wheelwright. Tom is a CPA, CEO of WealthAbility, Rich Dad Advisor, entrepreneur, and international speaker. Together they discuss Tom's new book The Win-Win Wealth Strategy: 7 investments The Government Will Pay You To Make. Believe it or not the government wants your help, and it's willing to pay handsomely This discussion revolves around transforming the way you think about building wealth and challenge the paradigm that tax incentives are immoral loopholes. These strategies are backed by deep research in 15 countries, and Josh and Tom identify seven investing strategies that are A-OK with governments worldwide and will fatten your wallet while making the world a better place.

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The Win-Win Wealth Strategy