Podcast Episode #418: 7 Investments the Government Will Pay You to Make (Part 2) – Tom Wheelwright
Episode #418: Dentist Freedom Blueprint Podcast
7 Investments the Government Will Pay You to Make (Part 2) – Tom Wheelwright
You’ve probably heard a lot about diversification when it comes to investing, but there’s more to the story when it comes to making your money work best for your goals. In this episode, we’ll continue with the second part of my discussion with Tom Wheelwright, the CPA to Mr. Robert Kiyosaki. He has some incredible insight, tips, and ideas that help you ensure that you find the right fit when it comes to investing and tax planning.
We’ll be tackling whether or not you should diversify your investments—or if you should specialize as Warren Buffet does. You will also hear us discuss financial advocacy, how to best build a strong team around you that will take care of the areas you don’t have time to be an expert in, and what to do about the 87,000 new IRS auditors that are being unleashed as a result of the Inflation Reduction Act.
Minute Markers:
1:39 – Diversification or specialization?
3:15 – Where to start when seeking to better understand tax benefits.
6:05 – The benefit of working with your own money and how to perfect your investment strategy.
8:59 – Why investing is a team sport and how to work with advisors.
12:16 – What we can expect from the new IRS auditors and how you need to step up your game.
16:08 – How to deal with money exchanges of $600+ on money transfer platforms.
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:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
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.