You should know about the solo 401k. It's the best way to build wealth. You can put more money in it than an IRA.

Over 45% of Americans now have a side hustle. That's the gateway drug to a solo 401k, because you can do it on top of a Roth.

You can do it on top of your day job 401K. You can do it with rental real estate.

You personally cannot create a 401K. 401Ks in a solo 401K has to be adopted by an employer for the benefit of its employees.

Having rental property is a side business that we can move money into a solo 401K.

We have a technique to do that.

So having rental property is a side business.

Welcome everybody to this week's episode of the Main Street Business Podcast.

Mark Kohler here with Matt Sorensen.

Exciting topic.

This is your Halloween episode.

We are bringing treats, not tricks.

I mean, we got, we got, this is a treat today.

You're going to love it.

Oh, today's a delicious treat, you know, you don't have to wear a costume to get it. We're talking about the solo 401K. This is the number one retirement account for self-employed people. If you are self-employed, you should know about the solo 401K. It's the best way to build wealth. You can put more money in it than an IRA. It's awesome. and we're going to break it down on how it works, how to implement it. And Mark, this isn't just for boring Wall Street investing

either. No, people, let me say this right out of the gate because some of you don't want to listen

to this. You're like, you may have a couple preconceived notions. First, millions of Americans

equate a 401k to stock, a 401k to the Dow, to Nasdaq, to Wall Street.

They're like, well, I just don't want to put more money in Wall Street.

We don't either.

But the 401K is a vehicle.

What you put in the backseat, you can put whatever you want in there.

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