Passive Real Estate Investing Rich Dad Advisor, Tom Wheelwright on Tax-Free Wealth | PREI 032
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Jan 14, 2016 Tom Wheelwright, a foremost tax and wealth expert and Rich Dad Advisor, breaks down how to keep more of your hard-earned money. He sheds light on navigating tax regulations as strategic tools for wealth building. Discover the nuances of income tax categories, maximizing benefits in real estate, and the power of depreciation. Wheelwright also emphasizes personalized tax advisory for smart investing and how aligning with the right financial advisors can reshape your views on wealth and taxation.
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Tax-Free Wealth Defined
- Tax-free wealth comes from understanding and utilizing tax laws, not fearing them.
- The tax code is an instruction manual for reducing taxes, not just a revenue-generating tool.
Align with Government Policy
- Understand government policy to identify tax incentives.
- Align your actions with these policies to benefit from tax breaks.
Loopholes vs. Incentives
- "Loopholes" are often intentional incentives, not mistakes.
- Real estate tax benefits are designed to encourage investment, not exploited loopholes.
