19. Tom Wheelwright: Tax-Free Wealth

Released Feb 20, 2015

Benjamin Franklin said, “In this world, nothing can be said to be certain except death and taxes.” Has today’s guest, Rich Dad Advisor Tom Wheelwright, CPA, turned that upside down with his popular book, Tax-Free Wealth? Tom’s firm can help you permanently reduce your taxes, like he has done for Keith. That’s like a risk-free return. Listen to this week’s show and learn: 03:30  Michael Jordan had coaches and teammates. To grow large, you’ll need them too. 06:25  Over the course of your life, your greatest financial expense will be taxes. 11:43  The largest new tax change for real estate investors since the 1980s has recently occurred. 15:07  How to save tens of thousands in taxes with a Cost Segregation. 22:20  The “magic” of depreciation. 29:31  Why you should pay zero tax on your real estate – no capital gains tax and no tax on your cash flow. 32:35  Why not to use your IRA to invest in real estate. 35:55  The tax benefits of oil & gas direct investing vs. oil & gas stock investing.   Resources mentioned: www.ProvisionWealth.com or call 1-866-467-5809 www.Reefogc.com www.AudibleTrial.com/GetRichEducation – Get a free audiobook & 30-day free trial. Tax-Free Wealth book by Tom Wheelwright