BetterWealth with Caleb Guilliams

In today's BetterWealth Episode I am joined by Matt Bontrager, Managing Partner of Truebooks a Tax Firm - A Real Estate Investors CPA. Listen as Matt shares about bookkeeping, tax preparation, entity filing, tax deductions and tax credits. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast, visit us at www.betterwealth.com/podcast.Guest Bio:Money and real estate have always been a passion of mine. I started my career in the banking industry. After graduating college I went to work at one of the Big 4 accounting firms, Deloitte to 'earn my stripes' and later became a CPA. During this time I was able to buy my first home when I was 23 years old. Through my experience working with clients, I’ve learned that even the most savvy business owners need a lot of help on the accounting side. They are so busy taking action, they fail to maintain proper accounting. This ends up costing them so much in the long run. Not only do their tax preparation costs increase, but more importantly they’re not able to make the best decisions throughout the year because they don't know their current financials. I’m excited to help investors across the country understand their numbers, make better decisions for their business, and save as much money as possible come tax time.Guest Links:  https://truebookscpa.com/ #BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In today’s BetterWealth Episode, I react to a Dave Ramsey video where a caller asks Dave for advice on buying a car using cash or debt. Listen as I react to Dave’s rant on debt, car payments, and best ways to buy a car. #BETTERWEALTHFor more information on BetterWealth visit https://www.betterwealth.com/#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In this episode of the BetterWealth Podcast, Dan is in the studio solo as he comments on a common question people ask us regarding the purpose of getting life insurance if they aren’t married, they don’t have kids and they don’t really care about the death benefit. Listen as Dan discusses the mindset of legacy and why life insurance can be the perfect legacy you leave both in life and death. #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast, visit us at www.betterwealth.com/podcast📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In this episode of the BetterWealth Podcast I am joined by Mike Hills the VP Brokerage at Atlas Real Estate. Listen as Mike talks about why it's more important to creating options over creating wealth. Mike share with us how he has created opportunities to pay for college for his kids using Real Estate. Mike also shares the 4 Pillars of Real Estate Investing and his relationship with Zillow and how making buying a house easier is the new movement in real estate. Mike also shares why he believes real estate is the best asset class to have. Listen as he explains his "Budlight Real Estate." #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast, visit us at www.betterwealth.com/podcast.Guest Bio:Mike joined the Atlas team in 2013, today he leads a rapidly growing team of approximately 24 employees. Mike is passionate about both disrupting the traditional brokerage model and leading by example. He personally owns more than 50 units including a condo, townhouse, single-family homes, duplexes, quad-plexes, an apartment and a trailer park. The motto is simple: good for you, good for me, good for everything. In 2015 he started “Real Estate Investment Hour” a free weekly event series where he and his team teach aspiring investors how they can get started with a buy-and-hold strategy. The goal is simple: to help people identify and achieve their financial goals through real estate. Mike is a national speaker for Rachel’s Challenge, a non-profit whose goal is spreading kindness and compassion based on the life of Rachel Scott, the first victim of the Columbine High School shooting tragedy. He has spoken to more than 300,000 young people across the US and Canada in the last 10 years. In 2019 he was named in the Top 100 Mile High Leaders and is a frequent guest on local talk radio and is often featured in national publications such as Business Insider. He has a bachelor’s degree from the University of Denver.Guest Links: https://realatlas.com/#Betterwealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In this episode of the BetterWealth Podcast, I discuss my infinite banking identity crisis. Listen as I discuss why a product can never be the answer to your personal or financial problems. #BETTERWEALTHFor more information on BetterWealth visit https://www.betterwealth.com#Betterwealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In today's BetterWealth episode, I am joined by Dan Kaminski, the head of operations as we discuss how the ultimate tax “loophole” is going away. Listen as Dan describes (GRATS) Grantor Retained Annuity Trust. We also talk about the definition of a  “tax-loophole” and why GRATS is a tax advantage opportunity for the wealthy that will most likely be going away. We even expose the widow of Steve Jobs as we look at the tax loopholes she uses.  Financial Advice Disclaimer: All content on this channel is for education, discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Neither the host nor the guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast, visit us at www.betterwealth.com/podcast.#Betterwealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In today's BetterWealth episode, I am joined with Matt Fore, host of the Ice Cream With Investors Podcast as we share with you an in-depth mini series on real estate. Listen as Matt and I discuss real estate notes, buying notes and buying other people’s mortgages and the pros and cons of investing in this asset class.Be sure to check out the resources Matt mentioned in the episode:Invest In Debt: “The How To Book on Buying Paper for Cashflow” by Jim Napier - https://amzn.to/2YLs4iW Chris Seveney - Good Deeds Notes Investing Podcast https://podcasts.apple.com/us/podcast/good-deeds-note-investing-podcast/id1442697566 Be sure to check out more real estate content on Matt’s Podcast “Ice Cream With Investors”https://ice-cream-with-investors.captivate.fm/ #BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.Episode Links & Resources: Ice Cream With Investors Podcast - https://ice-cream-with-investors.captivate.fm/ Episode #370 Ice Cream With Investors With Matt Fore - https://youtu.be/SreIqPtT94s Episode #372 3 Principles For Investing In Real Estate - https://youtu.be/KlQTlf0sAHY Episode #375 Buying Single Family Homes - https://youtu.be/7IBCfOeZKJQ Episode #378 Flipping Homes with Matt Fore - https://youtu.be/1eMur9GT9OgEpisode #381 Real Estate FAQ #1 Tax Benefits with Matt Fore - https://youtu.be/p98cZBpRq6AEpisode #384 The BRRR Strategy with Matt Fore - https://youtu.be/RcBfbgP10PYEpisode #387 Small Multi Family - https://youtu.be/EjkgmYsSujk Episode #388 Real Estate FAQ #2 with Matt Fore - https://youtu.be/lxafMC-n7NQEpisode #390 Large Multi Family Apartment Complexes - https://youtu.be/5bGS0wjlKk4 Episode #392 Crowdsourcing Real Estate with Matt Fore - https://youtu.be/-toD-0HmUXA  Episode #395 REITS with Matt Fore - https://youtu.be/qu6Yzhtepzc Episode #398 Should I Invest In Real Estate Now? https://youtu.be/ywT32_HoZpo Episode #401 Dollars For Dirt - Land Flipping with Matt Fore https://youtu.be/G7nGAkBKqJkEpisode #404 Developing Land with Matt Fore https://youtu.be/MXfDWemN4lU Episode #407 Real Estate Wholesaling with Matt Fore https://youtu.be/J_pNYYzXvy4 Episode #410: Should I Invest In Break Even or Cash Flow Real Estate FAQ #4 with Matt Fore #Betterwealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

SSA Benefits Increasing 202265 million Americans receives a monthly payoutBeneficiaries are getting their biggest "raise" in nearly four decadesCOLA for 2022 came in at 5.9% the biggest increase since 1983 - 7.4%For context, last year it increased by 1.3%***designed to keep beneficiaries on par with inflation and not help them "get ahead."Seniorsleague.org did a study in 2019 and determined that the purchasing power of Social Security benefits have lost 33% since the year 2000FRA or Full Retirement Age is increasing 2 months from 66 years and 10 months for persons born in 1959 to 67 years for anyone born in 1960 or later.Prior to FRA permanent reduction to your monthly payout.Wait after FRA, can receive more than 100%If you wait till past age 70 you can receive 132%https://www.ssa.gov/benefits/retirement/planner/1943-delay.htmlHigh earners will pay more in taxesLast year, the Social Security program collected just shy of $1.12 trillion in income. Approximately $1 trillion was the result of the 12.4% payroll tax on earned income (wages and salary, but not investment income).This year the payroll tax was up to $142,8002022 rising by $4,200 to $147,000 which affects about 6% of Americans - extra $520.80Maximum monthly payouts are increasingThis year maximum monthly benefits at full retirement age were capped at $3,148.2022, the maximum monthly payout is increasing by $197 a month to $3,345.How to receive max payoutWait until FRAWork at least 35 yearsPerfectly hit or surpass the maximum taxable earnings cap for the 35 years the SSA uses to calculate their monthly payout.#BetterWealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In today's BetterWealth episode, I am joined by Dan Kaminski, head of operations here at BetterWealth as we discuss the new tax on the middle class. Listen as Dan and I dive into the 1099-k tax enacted by the American Rescue Plan explaining the implications and why it’s a big attack on the middle class. Financial Advice Disclaimer: All content on this channel is for education, discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of information on this channel. Neither the host nor the guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.#Betterwealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor

In today's BetterWealth episode, I had the honor of having Daniela Ngounou in the studio here in Denver as she shares her inspirational story with me. Listen as Daniela discusses her journey of living out her passion and becoming a young business owner.#BETTERWEALTHFor more information on BetterWealth or the content you hear on the Podcast, visit us at www.betterwealth.com/podcast.Guest Links: Check out more about DanielaLinkedIn https://www.linkedin.com/in/daniela-ngounou-85942bb6/ Facebook https://www.facebook.com/DanielanNgounou/about/ #Betterwealth📞 Free 15 Minute Clarity Call: https://bttr.ly/ytclarity📕 The And Asset Book: https://bttr.ly/book💸 BetterWealth Quiz: https://bttr.ly/quiz👪 AndAsset.com: https://bttr.ly/andasset🎥 BetterWealth Youtube - https://bttr.ly/bwyoutube🤵🏼 Financial Advisor, Agent or Coach: https://bttr.ly/advisor