232: Tom Wheelwright | Pummel Your Tax Bill Into Dizzying Submission
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 18 March 2019
⏱️ 35 minutes
🧾️ Download transcript
Summary
#232: It’s Rich Dad Month, Week 3 of 4. Learn how to pummel your tax bill with Rich Dad Tax Advisor Tom Wheelwright.
Retail store closures continue to change the complexion of American malls and retail.
Hear a humorous comparison between spending your retirement at an Assisted Living Home vs. the Holiday Inn.
Learn how to take the home office deduction, about real estate Opportunity Zones.
Did you know that to take advantage of Opportunity Zones, you basically must be a developer?
With Bonus Depreciation, it could now make sense for you to tear down your IRA. Consider converting it to cash, then invest it for cash flow.
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. Rich Dad Month rolls on today as we talk about pommeling your tax obligation into a dizzying submission through taking the home office deduction, investing in real estate opportunity zones, and perhaps even tearing down your IRA with Rich Dad Tax Advisor Tom Weirite today on Get Rich Education. |
| 0:27.1 | MC Lobster is the host of the Cashflow Ninja podcast and president of producers wealth. |
| 0:32.6 | He is on a mission to help you achieve financial independence and freedom as soon as possible. |
| 0:37.8 | He achieves this by integrating the infinite banking concept with real estate investments |
| 0:42.3 | to increase their returns and recapture cash flow that you are not even aware of that you're |
| 0:47.8 | losing. |
| 0:48.7 | MC shares the number one strategy of investors in his holistic wealth creation course at |
| 0:53.6 | your own banking system.com. |
| 0:58.0 | Learn the easiest way to create wealth and passive income with real estate. Now you can access |
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| 1:11.4 | investment properties in some of the best U.S. markets. Learn more at passive real estate investing.com |
| 1:16.5 | and download your free copy of the ultimate guide to passive real estate investing. There's no |
| 1:21.3 | obligation and nothing to buy. Simply visit passive real estate investing.com. |
| 1:28.2 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:35.6 | This is Get Rich Education. |
| 1:38.6 | Thank you. Welcome to GRE, from Armenia to Antigua and across 188 nations worldwide. |
| 1:57.0 | I'm Keith Weinhold. |
| 1:59.0 | This is Get Rich Education, and this is week three out of four of Rich Dad Month, where we talk to a different Rich Dad influencer every week all month. But first, we've had a good bit of real estate news since Rich Dad Month began here two weeks ago. Physical retailers have taken a bunch of hits in this first quarter of the year as thousands of store closings have been |
| 2:18.8 | announced all over the place seemingly. And notice how a lot of these prominent closures are the |
| 2:24.0 | types of stores that you see in malls and how this is further going to give malls a black eye |
| 2:31.2 | and how the very look and feel of American malls is going to change. |
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