277: How To Build Wealth Faster with the Pareto Principle, QRPs
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 January 2020
⏱️ 38 minutes
🧾️ Download transcript
Summary
You only need to be 1% better ... to go from good to great.
This is due to accumulative advantage, which is the engine that drives "The Pareto Principle" (80 / 20 rule).
Lessons from nature extrapolated to business and real estate investing provide cues on how you can grow your wealth faster.
Damion Lupo tells us about important new changes that make the eQRP - Enhanced Qualified Retirement Plan - even more beneficial to you.
To learn more, text “QRP” in ALL CAPS to “72000”.
With the eQRP, you pay no UBIT tax on leveraged real estate. Self-Directed IRAs sting you this way.
eQRPs can provide tax credits of $15,000 for starting a plan, and a tax deduction on your income by paying your kids.
Open your eQRP before you file your taxes, and you can make the benefits retroactive.
To learn more, text “QRP” in ALL CAPS to “72000”.
__________________
Resources mentioned:
Text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
Book:
Pareto Principle:
Mortgage Loans:
New Construction Turnkey Property:
Best Financial Education:
Find Properties:
Follow us on Instagram:
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Winehold talking about how to take slight edges that you have in your life and turn them into a great advantage that you never thought you could have and a good news update on a little known way to take your retirement funds, invest them in real assets, and make all of your future gains tax-free today on Get Rich Education. |
| 0:24.5 | Finally, with Total Control Financial, get checkbook control of your existing 401K and IRA funds |
| 0:30.3 | to invest in real estate. |
| 0:32.4 | Yes, you can move your retirement money into your own checking account, but you must avoid the little |
| 0:38.4 | known tax that you'll get hammered with in a self-directed IRA. Instead, start your QRP. |
| 0:45.0 | Learn more and get your free copy of the QRP book by text messaging QRP in all capital letters |
| 0:51.1 | to 72,000. |
| 1:04.5 | The company that's provided our listeners with more loans than anyone is Ridge Lending Group and MLS 42056. You can finance more than 10 single families up to four plexes serving most U.S. states, |
| 1:12.0 | their knowledge and experience leads to your financial freedom. They're number one in the investment space. Pre-qualify and |
| 1:18.1 | then chat with President Chaley Ridge personally. Start on your next investment property loan right |
| 1:23.2 | now at ridgelendinggroup.com. |
| 1:34.6 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:36.4 | This is Get Rich Education. |
| 1:43.5 | Music. Here it is. Hey, welcome to get rich education. I'm your host Keith Weinhold, |
| 1:56.0 | and you have an cumulative advantage over everyone when you understand principles like the velocity of money |
| 2:03.2 | and leverage and cash flow. And this is pretty exciting. Just say that you buy a rental door |
| 2:09.4 | and it kicks off $200 worth of cash flow to you every month. I contend that that $200 is worth |
| 2:16.5 | more to you and is more powerful to you than it is |
| 2:20.7 | the next person, and that is because you know how to leverage it five to one and then own |
| 2:26.3 | $1,000 worth of property with your $200, and now you're compounding your cash flows in order |
| 2:33.2 | to control more property. |
| 2:35.3 | It's the same for every $200 in tax savings that you realize. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Keith Weinhold, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Keith Weinhold and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.