Best Way to Actually Get Rich Today | Investment Motivation Episode 2023 | 1241

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 27 October 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Your American Dream is in danger! Prices are up on everything. The stock and the crypto markets are down. Even the gold is down, and we’re teetering on a global recession. We’ve got more people now than houses. This country is a mess right now with inflation, and it is not going away anytime soon. What should you do? There is one way to survive this economic insanity and it's going to require some different thinking and positioning. Stay tuned and get your advice on how to get prepared and positioned for your safe future! BUT BEFORE THAT, Matt explains new income tax brackets for 2023 in just 2 minutes. Are you ready? Let’s go! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terrio Media.
0:04.0	Your income is being eaten away by the horrible scourge of rising inflation.
0:09.0	Did you know that? You know that.
0:10.0	But like Tony Soprano, it's a villain with some redeeming benefits.
0:15.0	Thanks to the cost of living adjustments in the tax code that the IRS released this week,
0:20.0	Americans whose salaries are getting crushed by inflation, and if you didn't get an 8.5% raise this year,
0:27.0	that's you.
0:28.0	May pay less in taxes next year. Welcome to the all new epic real estate investing show.
0:38.0	The longest running real estate investing podcast on the interwebs.
0:42.0	Your source for housing market updates, creative
0:44.7	investing strategies and everything else you need to retire early.
0:50.0	Some audio may be pulled from our weekly videos and may require visual support.
0:54.3	To get the full premium experience, check out Epic Real Estate's YouTube channel, Epic REI.
1:00.1	TV.
1:01.6	If you want to make money in real estate, sit tight and stay tuned. If you want to go
1:06.2	far, share this with a friend. If you want to go fast, go to REI ACE.com.
1:12.1	Here's Matt. Here's what we know. Tax brackets will
1:15.9	jump by 7%. The 37% top income tax rate will apply to individuals earning
1:21.9	578,125, up $38,225 from $539,900 this year.
1:31.3	Here's what that means.
1:32.1	The $40,000 or so that would have been taxed at a 37% rate this year will be subject to a 35% tax next year.
1:41.0	You can apply the same reasoning across all tax brackets. And the more you
	...

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