Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

How to Use Taxes and Debt to Build Wealth

Oct 23, 2024
Tom Wheelwright, a CPA and tax strategist, joins Jason Hartman, CEO of Empowered Investor Network, to share key insights on building wealth through effective tax strategies and real estate investments. They discuss leveraging tax incentives to minimize liabilities while investing in government-supported sectors. Jason emphasizes the stability of real estate, particularly in 'boring' markets, as a smart wealth-building strategy. The duo highlights the necessity of continuous financial education and mentorship for navigating economic uncertainties.
30:50

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Quick takeaways

  • Investors can significantly enhance their financial outcomes by utilizing tax incentives through strategic investments in government-supported sectors like real estate and energy.
  • Continuous financial education and mentorship are crucial for navigating market complexities, allowing investors to seize opportunities and mitigate risks effectively.

Deep dives

The Importance of Education in Real Estate Investing

Education is essential for navigating the complex and rapidly changing landscape of real estate investing. Investors must equip themselves with knowledge about both macroeconomic trends and the intricacies of the market to make informed decisions. Specifically, understanding the distinction between liquid and illiquid assets is crucial, as real estate requires a different approach than stocks and bonds. By staying educated and informed, investors can seize opportunities that may arise from market fluctuations, like those observed during the 2008 crash.

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