Podcast Episode #417: 7 Investments the Government Will Pay You to Make (Part 1) – Tom Wheelwright
Episode #417: Dentist Freedom Blueprint Podcast
7 Investments the Government Will Pay You to Make (Part 1) – Tom Wheelwright
Taxes are an area of life that most of us don’t want to deal with, but we also know there are some advantages to dealing with them in the right way. In today’s episode, Tom Wheelwright joins the show to share some key insights and tax strategies. If you’re interested in how you can achieve your big financial goals faster by permanently (and legally) reducing your taxes, this episode is for you.
Tom is a CPA and CEO of Wealth Ability, as well as a Rich Dad Advisor, entrepreneur, speaker, and bestselling author. He has so much value to share in the area of tax strategy, so listen in to learn about the various investments that the government will incentivize you to make and how to make them work for you. Tom also helps reframe how to better understand government incentives and deductions in a way that allows you to make more money and allow steady, predictable growth.
Minute Markers:
1:24 – Tom’s background as a CPA and his connection with Robert Kiyosaki.
5:31 – His family history in business and entrepreneurship.
7:13 – How to make the most of our “partnership” with the government and how Tom chose the seven investments for his book.
10:25 – How to use taxes to your benefit.
13:08 – The incentives people often miss out on and how deduction works.
15:39 – How to start comparing and understanding the tax differences when it comes to commercial real estate for your business.
Featured on the Show:
Tom Wheelwright: Website | Facebook | LinkedIn | Twitter | Instagram
David Phelps: Website
The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make by Tom Wheelwright
Tax-Free Wealth: How To Build Massive Wealth By Permanently Reducing Your Taxes by Tom Wheelwright
Wealth Ability Show
Wealth Ability For CPAs Show
Robert Kiyosaki
Freedom Founders Discovery Call
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
1. Get Your Free Retirement Scorecard:
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2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.