Lessons from College Baseball to Business Success

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The chapter draws parallels between college baseball lessons and business principles, emphasizing teamwork, humility, and mastering fundamentals for success. It highlights the advantages of hiring D1 athletes for their discipline and time-management skills. Additionally, it explores the speaker's financial journey from basic budgeting to investing, real estate, taxes, and life insurance, showing the evolution from employee to successful business owner.

In this today’s episode, Patrick Donley (@JPatrickDonley) sits down with Grant Dougherty, a Houston-based tax professional who specializes in real estate and small business tax strategies. You’ll hear about the lessons Grant learned playing college baseball, how he got his accounting practice started, what some of his favorite tax saving strategies are, what are some important financial moves real estate investors and small business owners should make, what the biggest mistakes he sees people make with their taxes, and much more!

Grant is a real estate and small business tax professional who runs Dougherty Tax Solutions. He has built his practice largely through content creation on Twitter and Instagram and lives in Houston with his wife and 3 small children.

IN THIS EPISODE, YOU’LL LEARN:

00:00 Intro

02:25 - What lessons Grant learn from playing college baseball.

09:36 - What steps did he take to get his accounting practice started.

12:47 - How he has grown his business and Twitter following.

20:50 - What the tax advantages are of a high-earning W2 spouse married to a Real Estate professional.

24:23 - What is cost segregation and bonus depreciation and why it’s important.

28:35 - What are some of his favorite tax-saving strategies.

33:22 - What are some financial moves that small business owners should make.

35:50 - How Grant manages his portfolio.

44:09 - What are the biggest mistakes that he sees people make with their taxes.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Recommended book: Grit by Angela Duckworth.
Recommended book: The Intelligent Investor by Benjamin Graham.
Check out MI285: The Art of Tax Optimization w/ Mitchell Baldridge | YouTube video.
Check out MI334: Confessions of an Entrepreneurial Addict w/ Chris Koerner | YouTube video.
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