Directed IRA Podcast 51 minutes of Pure Advice on how to Build Wealth
Apr 25, 2024
Seasoned self-directed investors John Shekachi and Dr. David Anderson join the podcast to discuss real estate deals, tax-lien investing, and strategic wealth building. Topics include mobile home flipping, cryptocurrency ventures, tax-lien acquisitions, and the benefits of consistent investments for long-term wealth accumulation.
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Maximize Returns Via Private Lending
- Use private money lending for steady 12% returns with points on loans.
- Re-lend the same principal to multiply annual returns up to 16%.
Consistency Builds Wealth Over Time
- Stay consistent with your investments; steady returns build wealth over time.
- Small, safe deals repeatedly can grow accounts from thousands to millions over years.
Convert to Roth IRA Early
- Convert traditional IRA funds to Roth by July 1st to avoid potential rule changes.
- Roth accounts allow tax-free growth and compounding without yearly tax hits.