How Big Earners Reduce their Taxes to Zero
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- เผยแพร่เมื่อ 23 ส.ค. 2021
- How Million Dollar Earners can Reduce Taxes to Zero
Grant Cardone will show you how to reduce your income tax to zero...
Anyone can do it, it's legal and if you don't do it you are not following the strategies of the wealth. Get your money to work for you harder than your talent. I am going to show you how to play the game.
#rappers #ballplayers #artists
Message to Ball Players, Rappers, and Artist -
Hard work and talent will not last forever, the investments you make will be the only thing to ensure financial freedom for your family.
If you are a rapper, pro athlete, or an artist... Watch this video
"Be Great, Nothing Else Pays"
- GC
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Grant Cardone Career and Bio
TV Undercover Billionaire
CEO - CardoneCapital.com Real Estate Holdings 2.2B AUM
Founder - 10X Movement Business Conferences Worldwide
Author - The 10X Rule. (Plus eight more biz books)
Philanthropy Grant Cardone Foundation - Support kids without fathers.
Raised Over 100M for Charites This is not an offer, solicitation of an offer, to buy or sell securities nor a recommendation to buy or sell any securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax, legal and/or financial adviser before making any investment decision. For additional information, visit www.cardonecapital.com/disclosures.
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I’m making outstanding progress with my money decisions. I put in 20k into various assets last year and flipped into six figures aside from taxes within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, great content brother.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
I have some money saved from day job. I have no idea where or how to invest. How are you doing it, Leon?
It’s not rocket science. As I said previously, I got into stocks, index funds, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
@@Christensen554 While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
Comparing stocks to alcohol is nuts if you ask me haha. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
- This is exactly how i wish to get my finances coordinated ahead of retirement. Can I get access to your advisor?
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.
Since the outbreak of 2020, which had a significant impact on the market, I've been running all of my investment decisions through an investment coach because their entire philosophy is centered around using a high-profit oriented blueprint while simultaneously going long and short, as well as reducing risk exposure as a hedge against inevitable downtrends. Underperforming is almost impossible when combined with their access to strange data and analysis.
Please who’s this Financial advisor that guides you?
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
Research stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan
I agree, I've been in constant touch with an Investment consultant for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months...
I really need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
I've come across this name before, is he really reliable?
I started working with Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar...
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
A common mistake we newbies make is venturing into the market without help and legit guidance
Wow I'm just shock you mentioned and recommended Expert Mrs Shanita Creswell, I thought I'm the only trading with her
You don't need to be shocked because I'm also a huge beneficiary of expert Mrs Shanita
The biggest thing I learned from this video was 50% of investing is buying good companies at good prices and the other 50% is controlling your emotions when . market is moody.I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation just yet and that mindset helps me make more money investing.
You wont be twice young in your life… go for vacation when your 60ty or buy a ferrari as a joke then… what a bolox
As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60.
How old are you?
If we are being truthful to ourselves, just like the rich, taxes can be a big pain. Income tax, value added tax, property tax, etc. Paying taxes is good, but we could also create our own tax havens. I personally put my money mostly in the stock market, since its appreciation is not taxable, and then when I sell, I find ways to make the income non-deductible in taxes. I 'm currently sitting on more than $327k of cash, and I'm definitely throwing it in the market. Just thinking of how to not lose it all, since the market is red.
It upsets me how simple things like this are not taught in school, and then people complain about taxing the rich everyday, as though the rich should pay for their own ignorance. I have been doing the same thing myself, using the market to shield myself from the market. But I hate making mundane decisions, so I just invest through an advisor, making good profits, avoiding taxes, while doing very little work.
@Roland Ray Let us know how it goes. Thanks
Just some ideas because I do not know your situation: If you set up or have a profitable small business and are a high income earner, you can put about $66,000 into a SOLO 401(K) and get a tax deduction for it, or double that if you are married. You can also elect to set up a SOLO ROTH 401(k) and put up to $66,000 in there without any income limitations like you get in a regular ROTH IRA. The downsides of this are that you have to wait until 'retirement age' at 59 and a half, but they are good for lowering taxes in the current year and creating tax balance in retirement. The real estate approach that Cardone mentioned is amazing, especially if you have an ultra-high income. You get instant passive income, and a growing asset with tax breaks due to depreciation! Assuming you like to put your money into the stock market, you can also dollar cost average into the market in a non-retirement account, and as the portfolio grows larger over time, use a portfolio line of credit or securities-based line of credit to use a portion of your portfolio as collateral against a lower interest loan. That is a non-taxible transaction, and becomes more and more feasible as your portfolio grows over time. Personally, I have been focusing on undervalued dividend stocks this year. Another thing is to consider having a larger than normal cash position in your portfolio, like between 10 -20%, but still under the SIPC insurance limits of course. None of this is financial advice just ideas, but feel free to reach out if you want to brainstorm.
I cant understand why we gotta fill out those tax forms. That's like a 13 hour task. Wouldn't it he easier if the IRS just took out the money we owe out of our paychecks. I mean they get our actual tax money, isnt that what matters.
Weren't You Listening To Grant?....Why Put That Type Of Money Into Stocks When There Is No Real Security Behind Stocks (Let's Be Honest)....Having Some Stocks In Your Portfolio Is Good For Diversification, However, Personally, I Would Put About 10-15% Of That Money Into Crypto And The Rest Into Real Estate....
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over $4,000 in dividends last month.
It's time to make high value games! Discounted dividend stocks. Ever grateful to my CFP "HELENE CLAIRE JOHNSON", I now have a six-figure REIT portfolio, which includes, but is not limited to; AMT, SPG & PSA.... I now have 606 shares of AMT which pays dividends of $3800 per year.
It's time to make high value games! Discounted dividend stocks. Ever grateful to my CFP "Helene Claire Johnson", I now have a six-figure REIT portfolio, which includes, but is not limited to; AMT, SPG & PSA.... I now have 606 shares of AMT which pays dividends of $3800 per year.
I want to play the long term game with well diversified fund. Please how can i reach this CFP of yours?
Most likely, you can find her basic information online; you are welcome to do further study.
After the market's Significant gains in the last few years after the worst pandemic , officially entered a new
bear market earlier this year, but .My greatest concern is how to recover from all these economic and global
troubles and stay afloat especially with the political power tussle going on in
the US and for sure my
diversification process but still on fence about the market future
@shane heried I did check her out,her resume looks top-notch and her website proficient written her
The biggest concern is the corrupt democratic party pulling the strings
Lol....
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
*EVERY FAMILY HAS SOMEONE WHO BREAKS THE CHAIN OF POVERTY IN THAT FAMILY,I PRAY YOU BE THE ONE, KEEP INVESTING! AND REINVESTING!! UNTILL IT BECOMES A CULTURE!!!*
Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works
I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading
Talking about being successful! I know am blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Blossom Jefferson
As a single mom I now make $15,000 monthly all thanks to expert Mrs Blossom Jefferson
Hello I'm new to forex and I have been making huge loses but recently I see a lot of people earning from it,please can someone please tell me what is going wrong
Great video! I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
$2,000,000 -$1,000,00 - $200,000 - $200,000 = $600,000 NOT $800,000 like Cardone says. He doesn't even know how to Subtract and you trust this clown?
As much as this is achievable, this video also proves how much we need concrete understanding of a particular sector as investors because playing the market blindly or solely of technical is a big risk.
It's possible to statistically measure whether some decisions are wise. In the real world, it’s a lot more harder. We prefer faster gains or simple stories, which can be easily manipulated in other for you to like what you hear but often devilishly misleading. Right now there is little volatility which makes prediction harder & losing capital easier.
@Jon Yes you’re right, there’s more to the market than technicals which is why analysis are best made by or under the supervision of an expert. I’ve had significant increase following the help of a professional.
@@Gregfreemann Forehand I know the powers of coaches too. Coming from someone who's witnessed consecutive ups and downs, debt, getting ripped off trading scams, get rich quick scheme, ponzi. Literal bankruptcy, you name it, Having a coach made it a lot more easier. I know how discipline is essential to grow. Matter of fact having received advice from my coach, I started my pod, a little ytube, and passively earn and hold a $293k ptf with Yvonne Annette Lively. So yes guys, life coaches are indeed important.
@@maryalchester Do you mind if I asked if she's with Morgan Stanley? Talking bout Yvonne Annette Lively
@@maryalchester Looked her up a while back. Haven't made a move yet but her records are detailed. I think it’s nuts averaging a 15% mroi considering the economic decline.
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
@Zahair O'Brian Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Legends to embrace if you want to get rich investing Cardone and Gary Joe Wilde.
Graham too. Don't know why Gary Joe Wilde chose not to own a video channel here like other pros. He is older and even more advanced.
@mackenzie fventes Used to see Chris and Briana vids promoting him. It's been a while though. Learned he is a mentor to quite a good number of reputable pros here.
I prefer Gary's method. Started trading with him last year and in all honesty, wish I had known about him earlier.
$2,000,000 -$1,000,00 - $200,000 - $200,000 = $600,000 NOT $800,000 like Cardone says. He doesn't even know how to Subtract and you trust this clown?
@@Thompson7888 He has a channel here, with the last video posted in 2018. His company, Praesidium Global, entered liquidation in 2020.
I believe a video on "How to profit from the present market" will be more effective because, given the way the market is moving, we'll likely retain our investments for longer than 2030 before making a profit. After all, I've heard of people who have made up to $250K in a matter of months and I'd like to know how.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@ThomasHeintz Please can you leave the info of your investment advisor here? I’m in dire need for one.
Elise Marie Terry is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@ThomasHeintz Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
Great video. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
The best strategy to use in trading is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed, I'll highly recommend Katrina susan, she is my current trader and her strategies are working
I'm amazed you mentioned katrina susan, she is the best and her strategies works like magic. I've been making over 80% of my investment weekly since I started investing with her trading service
This is not the first time i am hearing of Katrina susan and her exploits, how she handles investments and generates good profits, she has really made a good name for her self, but i have no idea how to reach her
You can reach her through TELE
GRAM
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life
I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
Wow, really. I was able to make my $25k on investment
@@clydeorlan2615I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
The Retail investor is not getting the best execution on the market .. In My Opinion the Sec is aware of the current status of what’s happening . Everything is Sequential, until the green light is given …Godspeed to all you apes.
I hate that the market can be manipulated by a group of people. they go about kill small investors but i am of the opinion of being unemotional towards the market, don’t FUD or FOMO no matter what, have in mind that the market will always present an opportunity so be patient.
@@IrenaDolinsek I always want to be trading something at my early stages of coming into the market which made me FOMO resulting to me loosing a lot of money, at a point i had to use a manager in the person of KATHLEEN YANELLI CAROLE who grew my $115k capital to $175K in 3 months.
@@Erinmills98 Exactly, i will never go into this market without assistance, please who is this coach that helped you, can you possibly do a referral?
@@AstaKristjan Just go check her on the web, there really nothing much for me to say here.
Our issue stems from the prevalent belief held by the majority that "having a good job is all it takes to become wealthy." Many people are unaware that these billionaires are using a different set of rules when conducting business.
You live and learn. I blew two funded $50K accounts with Karen L Nancy mentorship program. It's really making me self reflect and be able to see my trading mistakes even more. I got caught up in revenge trading and not walking away when I should have.
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich.
The best approach for novices is to trade under the supervision of an expert, trust me you will be debt free.
Wish I knew about crypto trading earlier.stock is good but crypto is better. Brace up and get yourself a bitcoin before it's too late.
Crypto is the future, investing in it will be the wisest thing to do especially with the current rise.
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
As a beginner I would recommend you get started with a professional broker that will guide you through the process and trade for you while you get the daily profit and rewards.
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
Olivia Sullivan Financials is my portfolio-coach, I found her on CNBC where she was interviewed, I looked up her name on the internet. Fortunately I came across her and reached out to her, you can verify her yourself.
Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can.
This is a good recommendation my friend. My first experience with her gave me the assurance that has made me to invest without fear of loosing
Getting rich easily absolutely exists and happens everyday.
Getting wealthy is hard work ☹️.
I prefer the Kings GBP Sterling, far more genuine currency if you take into account the Trillions of debt the US government owes ✌️
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
People prefer to spend money on liabilities, Rather than investing in assets and be very profitable.
Most People fail to understand that living a life without passive income isn't worth much except trying to payoff debts and loans.
Yeah, All passive income ideas work as long as you put the work in. I focus more on crypto/real estate with the assistance of my financial consultant Deborah Q Sharon.
Love the math at 2min. 1mil - 200k - 200k = 800k
good call l missed this when l watched
😂😂 I stopped right when I seen that😂
Was about to type that. It should have been 600k left.
🤣🤣🤣
Who cares buddy?
The FED has lost it and the sad fact is, it's pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly
Might?.. have you been grocery shopping lately? Things are already ugly. The best bet for anyone with a brain is to get in on a passive income stream while you still can, doesn't matter which one it is just get on it and stay committed.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend either real estate or crypto and stocks.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend either real estate or crypto and stocks.
Crypto is bringing a different revolution in the world economy. People who are optimistic investors earn consistently.... Others will just sit and watch!.
I've always wanted to trade crypto but got confused with the fluctuations in price
For salary earners having a passive source of income is the best thing you could have , because aside the the fact that it isn’t always enough you could lose your job any day at any time , have something to fall back to is crucial , for me it is trading the Forex and crypto market and no I didn’t have that much knowledge to begin to earn that’s why I said passive income, I leave the profit making to the pro like my Advisor 'Camille Alicia Garcia' , who has been doing a wonderful job
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor
Not at all, having monitored edge my portfolio performance which has made a jaw dropping $483k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
@@hunter-bourke21 I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My financial advisor, '''Camille Alicia Garcia, is a highly qualified and experienced professional in the financial market. She possesses a broad understanding of portfolio diversification and is recognized as an expert in this field.
Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam
Wow I'm just shocked someone mentioned Expert Mrs Lucy Mary Liam I thought I'm the only one trading with her
Though I started with $1000 but it was successful, it's been four months since I started investing with her and it's been a great experience
Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did.
I also trade with her and i earn $5,000 every week, all my family have been trading with her and making profits, we love you Mrs Lucy Mary
Despite the economic downturn I'm so happy I have been earning $25,000 returns from my $2,500 investment every 15 days.
Lorna Rose Sabbia made me my first million in crypto.
seen lots of recommendations on Lorna.
@@jasongonzalez4512 Yeah, Because she's the best. I've also worked with her.
@@vitoriadiascorreia1266 Nothing beats engaging a professional.
How can I get across to her?
@@sarahgomescardoso1316 Look her up online and drop her a msg on her webpage.
Love getting tax advice from someone who hasn’t mastered subtraction yet.
Ha! You may have missed the principles...
Or just be a broke loser and post hateful comments.. Oh wait, you’re already living that life.
Grant is confusing income tax and capital gains. Does not offset.
@@JP-ne7xj no he isn’t, you’re missing what he’s saying entirely because you want to be critical. Capital gains are paid when you sell real estate unless you 10-31 into like real estate.
Einstein was bad at basic math. Concept is more important
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Dan Brooks Impressive can you share more info?
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
So many scams...
Heard someone say the best season for a financial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $750k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?
That’s right! Downturns provide plenty of opportunities for regular people to build wealth from the scratch. However, you may need to get some professional advice from an Investment planner if you need an aggressive return.
Recessions are when millionaires are created. After my portfolio took a big hit in April, I was forced to employ the services of an Investment-adviser who has not only accrued a profit of $250k for me since then but has also taught me how.
Please can you leave the info of your investment adviser here? I overheard someone talking about how a couple made $200k during this red season. I need such luck lol
My advisor is "INGRID CECILIA RAAD". In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience.
Thanks for sharing, I just looked her up on the web and I would say she really does have an impressive background on investing. Will write her an email shortly.
As a tax accountant, yeah if you write fast enough anything is possible.
I was getting that impression as well.
Great video 👍 very educational and inspiring. I escaped from the Yugoslavian war as a child into Scandinavia without anybody to teach me how to use my money smart. I worked my ass off as a kid and in my 20s but learned that the school is the way to get a good job.
I completed my masters in IT and worked for 7 years as a project manager, but I learned that corporate life is not for me. Depending on somebody else for a pay raise, stressing for promotion and clap on the shoulder did not motivate me at all. Now I have started with one million of banks money, to invest in properties and I am looking forward where I have enough “passive income” to retire and enjoy life.🤙
Yes , I can confidently say Mr Sam Deymon is one of the few licensed brokers.
Thanks for watching
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SHUT UP SCAMMER
Truth about wealth and money is no matter who you become you never stop chasing money, to live happily and peacefully you need to be content with what you have and hungry to grow without loosing yourself to money.
Lmao, People who trade bitcoin don't pay tax, once you're a successful investor, Bitcoin is the best investment one can ever have,
I know someone who can help you earn in this crypto space
Mrs Charlotte B Humphrey
She is a crypto prodigy and has handled my trade for over 6 months now... I made over $12k in my first week of trading with her
I would definitely trust a guy who gives financial advice but says 1.000.000 - 400.000 = 800.000. For sure.
Man chill out
But he's a multi millionaire and your a broke bum🤔
2.4mil-1.6mil
Glad I'm not the only one who caught that . And then 2 million into 200 millions .
He should have laid off the last line he put up his nose before making this video .
@@joea5663 LOL, me too.
Its not an expense, its an investment to pay tax. And sometimes somebody else, than you, will get the benefits of that money.
And thats ok. Helping people is the way to go❤️
This is a well detailed and informed video. I'm here to learn how to invest after listening to a guy over the air talk about the importance of investing and how he made $410,000 in 5months from $180,000 startup. Somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Investing in crypto and stocks is a good idea, a good system would put you through many days of success
Job will pay your bills, business will make you rich but investment will make and keep you wealthy
Having monitored my port_folio performance which has made a jaw dropping $370k from two quarters alone, I've understood why experienced investors make enormous returns from the market
Interesting, I have a lump sum doing absolutely nothing at all in my bank account, I wanna get something started with it. You seem to be doing excellent for yourself. Do you trade on your own?
I trade with Expert Denise Mitchell, a FINRA regulated broker. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today, very obviously, it's reflecting on my portfolio
(1 mill - 400 k = 800 k) this mans math is mind blowing
I did this 2006 (UK Scotland), in a much smaller scale and it set up then when I was thirties! After watching this video and a few more of Grant's videos it has given me the inspiration to do it all again; on a bigger scale, for fun, my future and my family. Thank you for re-igniting the fire! Graham
Do you invest in residential property in the UK? If so how have you dealt with no longer being able to properly claim mortgage interest as an expense? Cheers.
@@sidesauce so landlords get 20% off their mortgage for the property the tenant is renting?
Just a heads up, from a tax accountant. Depreciation on real estate is depreciated over 27 1/2 years or 39 years (depending on the type of property). You could do a cost segregation study and reclass some of that property as shorter term property and use accelerated depreciation on some of that property but there is no way that you could deduct half of the cost in year one.
Yeah don't worry about the details , ppl feel good about themselves watching these videos and amounts taken out of a hat.
I came here to say this - it's laughable to anyone who knows tax law.
Not only that, depreciation is just deferring that expense. If you sell the property, that depreciation is "recaptured"
Although, heirs to an estate receive a stepped up basis and therefore, I believe, don't ever have to pay the taxes right, Chris?
I asked my accountant about this and she said the same thing. So where does Grant Cardone get this? It’s obvious he has done well in RE. Why would he be so off?
@Jerry Brown many reasons, like these TH-cam videos are made to get views, not actually teach you anything. He makes more money by selling his image, TH-cam, etc. Why would a successful investor spend time teaching you for free on TH-cam? Because he makes more money from that, and realizes his other investments are very risky, in comparison to TH-cam
Knowledge is power and Grant just gave us immense power!
Grant my man..... I am just impressed that you were smooth talking them so good they missed at 2:07 where you took $1,000,000 minus $200,000, then minus another $200,000 and showed them it was $800,000 LOL 4k comments later I do not see anyone mentioning this $200k mistake LOL
Real Estate, that’s the first step. Read Tax Free Wealth, that’s a great book to start with.
If you paid any attention to the video, he said get money first then invest. #roomtempiq
Man I see your comments everywhere 😅
@@elmeraraniva9370 dude is literally on social media 24/7.
Thank you Casey, I was looking for a good Taxes book where they teach or talk about all these strategies GC is teaching on the video. What other Tax books do you recommend?
Yes, Tax Free Wealth is packed with gold nuggets of info. It parallels what Grant is saying. I’m on chap 20 of the book. Keep teaching Grant !!! Love it !!
Having harbored financial concerns throughout my entire adulthood, it's intriguing to watch this video and recognize the potential for significant achievements with proper goal-setting. Experiencing the freedom of not being consumed by financial worries that haunted me for numerous years is genuinely liberating. I believe this is the outcome of consistently putting in diligent effort for the future.
Impressive insights! Navigating and staying informed can be challenging for newcomers. Are you an experienced investor, or do you adopt a systematic approach to stay well-versed?
Great! Keen to benefit from seasoned advisors amid current challenges. Can you share your advisor's name for supervision?
*🌹Every family has that one person who breaks the family financial struggles I hope you become that one and successfull in life*
The way this guy writes number 8 never ceases to amaze me.
I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments,etc
What really guarantees financial security is having multiple streams of making passive income
Diversification is key. 1. Own a profitable business 2. Own real estate 3. 401k or retirement plan 4. Personal stock portfolio 5. Continue to add to each bucket continuously as much as you can. 6. Always keep 10% to 20% cash or available capital to take advantage of investment opportunities.
My wife and I are retiring this year with over $6,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year. Just kept buying at low prices.
Forex/stock is the best investment anyone could get into. As it could make you rich in a blink of an eye.
it's not recommendable to go into trading or investment when you don't know how it's done, Investing with a good guide is the best way to get started in the trade market. would free you from modern financial slavery....
Started up few hours ago but I'm already feeling the excitement of the profit outcome with Mr Sam.
Sam I am
Another invaluable channel will explore more videos from you, sir, thank you!
Hearing this has actually inspired me to change my entire life
lol
This inspired me to get 2,000,000 first 😆
@Pïnned by Grant Cardone sure do u want my bank account and/or social security number?
This will be on replay on speed dial. Thank you for your wise words, Grant! Love listening to you on Clubhouse too. Looking forward to listening to you in person, God willing. 🙏🏾
I am learning so much from watching your videos. Thank you so much for sharing this amazing source of information. This one is quite helpful.
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,I just don't know what I do wrong.
Cryptocurrency trading is really profitable and in order to achieve success, you'd have to keep emotions out
@@grahampotter6100 Trading is tough and even the best traders have substantial losses along the way
@@ericrobert4651 No matter how much effort I put into my trades, I still make more losses than profits. Trading really is hardwork.
@@aguerozeus9705 No matter how much preparation you put into your trades, what matters is your ability as a trader to use a wide variety of strategies in a disciplined manner. Trading is hard work, to be safe you should probably get an expert to help with more profitable trades.
Biggest thing is WHEN you come across enough money to ACTUALLY work with. Don’t buy ANYTHING cool in the beginning. No Lambo. No diamonds. For at least the first couple years of getting money. Just property and equipment 💯💯💯
@Pinned by unbox therapy wrong channel scammer Hahaha
As an MBA Finance, CFA charter holder with a law degree too (that's right all 3) he's right. When he stretched to future years there is a timing and years flaw a bit here in a technical sense (or let's say assumptions are somewhat unlikely) But he's got the concept correct and for back of the napkin for everyone we should be glad he's sharing this. I'm also Italian so Love Cardone maybe I'll take a trip and go meet him for 3 minutes show my respect and thank him. Baciamo le mani e viva l'america.
love you man!!!! Thanks! Now How to start is the tough question I have to figure out!
I know am not suppose to post this here but the Crypto market is gradually moving towards something big and the price surge over the past few months is just the beginning of greater things to come. Trade well on demo but I think the real market is a bit difficult. You got any advice for someone that is fresh to crypto, Don't know where to start..
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
You see in trading cryptocurrency, one requires more than just a primary knowledge of crypto. It is best to trade with an expert to avoid unnecessary losses. It's advisable to have a professional trader/broker who is an expert in the field to help you manage your account.
Venturing into the bitcoin without an adequate orientation with a professional broker for accurate signals, you might lose all your hard-earned money
@@brettdarcy2747 Binary trading is a good and reliable way of building wealth which also create opportunities for crypto Believers.
I am into Real Estate Business, but I took the decision to invest in the Crypto market and I have been getting good returns on my investments. The market is also an effective way to grow wealth.
Note to add, if you reduce your personal tax bill to zero by buying properties or any other cash flowing asset you will pay taxes just in different forms i.e sales taxes, property tax, business payroll tax etc. But he is spot on about reducing your personal federal taxes.
True.
W2/1099 income is taxed ar the highest rates. I'm currently investing into a lot of dividend stocks.
My parents invested heavily into real estate.
They earned too much money and banked credits for close to 20 years.
Meaning now with multi million dollar net worth. They earn over six figures in passive income. They paid almost nothing in taxes the past couple years. They even received/qualified for the stimulus checks lol.
Their taxable income last year was under 40k. Property taxes taxes are their highest expense now.
@@I_like_turtles_67 taxation mathematics
AND you'll eventually have to recapture what you "avoided". I wrote down 2 million this year via an aircraft purchase leveraging bonus depreciation (section 179). It's nice, but it's temporary. The Fed eventually gets their money.
@@sleepyhorses6100 I’m doing my best to understand all that Grant explained, I may have to watch the video a few more times, but I’ve a question to your point, so to continue not paying the taxes or receiving the “tax credit” is that where you continue reinvesting?, so in other words repeating the game?
@@miguelion1007 yeah u repeat the game...own nothing but control every thing
Thanks Grant. You explain this very well. I’ve been doing this for 35 years now and have become extremely blessed because of it. I hope more and more people will take note and put this advice into action.
I’m going to try it soon 🙌
How to do this with 50k & these rates ?
I hope you're ready to go and fight in the military given this mindset.
I was sceptical first but my hat off to uou Mr. Cardone. Thank you for sharing this with us for free. I really appreciate it. As a veterinarian and a small clinic owner I never really learned abt business but this tutorials are like gold. Thank you for helping us to be better.
What Grant presented is a general example, not to be taken literally, especially with the numbers he presented. His main point is to leverage your earned income in to assets that give you passive income and reduce your tax liability as allowed by law. You need to consult w/ your tax advisor to make sure this can work for you.
Grant as always a wonderful wealth of information. Thank you for what you do for everyone. Best!
Nice one .This is a fantastic breakdown of the steps you have to take to build true wealth. I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure mark well-diversified portfolio having exposure to different prolific investments. Passive income is mandatory for building long term wealth
@Poppy Pearce I invest across the top markets but not by myself though. i follow the guidelines of Larry Kent Nick. you might have heard of him.. I can correctly say he's worth his salt as a investment advisor as his diversification skills are top notch, I say this because i see that in him results as my portfolio grows by averages of 20 to 3O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what he place and not just on some particular industries of my choosing
@Poppy Pearce Larry Kent Nick Trading
IRS rules that the only person who can offset their earned income with accelerated depreciation from real estate is a real estate professional. To qualify, people need 750 hours per year doing real estate related activities, and the hours they spend on real estate have to be more than those they spend on other trades or professions. So this alone would exclude most artists or athletes he's talking about. Did you follow Grant's methodology and how was your experience?
Grant Cardone thank you for the information god bless you and your family thank you again.
IRS tax code allows investors to depreciate the improvements (buildings, etc.) related to real estate. However, if you sell your real estate investment after 20 years and the property has increased in value, the IRS wants their money back and will assess you at a 25% tax rate on the amount you have previously deducted.
But you don't sell, if you don't owe it and it gives you income, you don't sell and it be income forever
if you sell the property and buy another one , the tax is 0
1031 exchange
@@pardonndlovu1220 If you don't sell then after the property is completely depreciated you will have no deductions. So it is wise to sell and buy another property to reset the depreciation clock.
Reinvest.
I do not make millions but the profits I make in my business, I buy stuff for work.
People were mad at Amazon not paying taxes. It's because they reinvested into their business.
Thats the easy way to do.. other way is to buy art, thats tax free too.
The Depreciation has to be spread out over a 30 yr. period. Per the IRS. It’s actually 27 yrs. That $2.4 million he speaks of can only write off an average Depreciation of $80k year.
Agreed. He said $4.8mil property can depreciate 2.4m in first year. So he is referring to the 50% bonus depreciation, BUT bonus depreciation does not apply for REAL property !
@@jasn010 it does when you do a cost segregation analysis
@@kennethokin yes bonus depreciation can be taken when you do a cost segregation analysis but that analysis will show that you can depreciation the appliances, etc at 50%, but not the bricks, the framing, the roof, etc. grant is saying all 4.8mil gets 50% depreciation in the very first year
You can't question what he's been doing past and present. Your tax preparer works for you so if their job is to reduce you tax bill regardless as to how it's done. As long as it's legal it shouldn't matter
I guess we figured out what Grant's REAL money-making business is then... that's right, it's YOU... and your insatiable desire for get-rich-quick seminars. I think if you look at the old Tom Vu seminar videos back in the 90s close enough, you can see a young Grant Cardone taking notes in the back row, lol. Don't get me wrong though, people HAVE made countless fortunes in real estate over the last 30 years, but didn't need to take a seminar to teach that. Although maybe that's just what's good for society in general... for the GDP. Get people invested, to get people to then followup and do work. Otherwise, without this attitude of wealth/property accumulation, I guess we'd just be a society of hedonistic savages. This way at least, the "hard working", disciplined people will acquire all the property from the lazy and then we can weed out all the unproductive people in society? Hey, if that's the big plan, then I guess I'm all for it. If so, keep on doing your thing Grant; you truly are doing God's work, lol. But does this jive with the great reset? Or is it even supposed to? The answer to all this, and more! When we return from this short commercial break...
Uncle G is the best one to explain everything about real estate.
This guy put me on I’m on a roll with real estate I didn’t know it was this ez. God bless you cardona
Absolutely legit! It’s not a loop hole it’s what makes people take risks. You should be rewarded for taking risks.
Yeah or simply left alone when you make your own money
@@Lgo559 100% agree
@@Lgo559 WTF. Then you should pay for private police, roads, schools, water piping, forest management, etc.
@@Jonny17m Don't think small. Buying RE stimulates the economy. A RE agent, Lawyer, contractor, Home depot, Insurance, utilities, etc. I can go on. More expensive real estate requires employees(security, cooks, maintenance, etc). Then all these entities pay taxes. This is how they power the economy. America would be the 4th world if people took no risks.
@@alb12345672 Yeah trickle down effect but it doesn't work.. Just look at the US people are basically living on the streets while people are buying houses for hundreds of millions which don't provide any benefit. The US has become like France under the ancient regime.. Rich people their think they are above the law and act if they are monarchs absolutely crazy place. Every person I know living in the US wants to leave.
There’s a problem here, as I come from a family who does real estate/rental property. You CANNOT deduct 100% of depreciation in the present year! This is annualized over 27.5 years typically so you have to divide the number by 27 to get your actual depreciation. Also of note, this is recaptured and taxed as income upon sale of the property. I really hope that many of you get better and more informed advice before you do make any large scale financial decisions. The idea in principle is good, but the way it is presented here is misleading and not correct as any reputable CPA will tell you.
He is just trying to finesse stupid rich people o think notice his math was off in the beginning
Exactly! I was like... "wait a second!" lol
Yup !! So true .
yeah I notice that too, I have an investment property and I can't depreciate all in a year but more like in those 27.5 years
You aren’t aware of the accelerated depreciation deduction rules. It’s a specialized and complex concept. Essentially, it pulls parts of the building out of the 27.5 years and puts the into different depreciation categories that depreciate much quicker. Don’t be so critical, sometimes there are things others know that you don’t. What he’s saying is 100% true and doable.
Man you are jacked, ripped and full of energy.. THAT alone is worth taking influence from somebody who is healthy and wealthy..
The people who know know. The ones don’t are just not ready yet. Thank you sir.
I'm also a proud beneficiary of Sam Deymon trade! I've built my portfolio massively and still building.
Thanks for watching
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Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.
@Cassy Mays You're right, Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
When you invest in crypto you are buying days you don't need to work
I'm enjoying working under a platform that brings good returns in my life and I've been making my weekly returns without stress all in cry pto
Cryptocurrency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my 1nvestment
@Billy Moris I will personally introduce you to my account manager Anna S Wilson of UCLA Anderson financial Institute, her trading methods are working for me
He's right...I've been running a business for 10 years you know how much I claim? 30 grand earned income. I claim my 2 kids on my taxes and it's a wash .. I'm making way more than 30 grand but that's all they see. I hope to claim zero someday soon! Play the game folks!
Thanks!!!
Very inspiring, I own many properties and I've known about this but been "too busy" to act on these amazing tax shelters. After watching this, I'm making my priority.... Thanks!
GC the real estate king👑
blessed I got to meet you in person🔥💯
One of the best videos Today On GC
Maybe he cleared it up in the end (I watched 6 min) but you can not offset ordinary income with the passive losses (depreciation) from real estate as he mentions… passive losses can only offset passive income.
Real estate guys get around this by having a tax designation of a “real estate professional”, which most can get. That allows them to offset ordinary income with those losses
Correct, good point
Exactly!
Would be nice to see an episode of you and Ben Mallah together. You both could teach us a lot more about investment and real estate.
Thank you🎉
For the regular people out there like me. My father taught my brothers and I this process before YT and the gurus. We have gone our separate ways but have maintained building our rental portfolios and it isn't for million dollar earners. We each own over 30 properties.
We never bought our own home in our name. Why would we? It was always as a business so we could expense out everything and get depreciation. You depreciate the property over 27.5 years. In the example, your household earns a high income as well as investment and real estate income. If your tax liability is 100k per year, you build your portfolio to 10 properties with depreciation worth 275,000 or 10k depreciation per year each. You would owe zero taxes at the end of the year.
Uncle G is right!
Uncle G!!!! You are the man time and again.
If your talks don’t get someone amped they are focussed on the wrong things.
The Mrs and I are doing it, $2.8 under management, cash flowing and we’re still grinding our primary incomes full time and then some !!!!!
Thank you for your time, knowledge, passion and encouragement.
10X for Life. Because it’s our duty, our obligation and our responsibility !!!!!!! Much love!
Thank you!!!!!
This is my number 1 video for the year
Thank you Sir GrantCardone🤗👌
Thanks Grant, I am an accountant. Your example on the white board is simple to understand, BUT please help me understand, what kind of real estate can you depreciate at 50% in the first year? That’s question 1.
Question 2: depreciation reduces book value…. So if you can depreciate it by 50% in the first year, when you sell that real estate, you’ll eventually have to show that profit and pay tax on it…. Or do you propose to hold and keep buying up more real estate with the earnings until one day what happens? You have bunch of depreciated assets that you can’t sell bc if you do, you’ll have to pay taxes on all the gains?
Or do you begin to rent it out….? Or so you have rental income now with nothing to depreciate, etc. is that the strategy?
Ans2- he said that we can take loan against that property which will be non taxable
@@divyajain4689And such a loan would have an interest higher than the appreciating percentage of the asset. What if the asset starts depreciating? You'll be pushed ro sell to cover the loan and after the sale you also pay income tax
Can you do 1035 exchange for another property and keep the money?
FYI: This ad is targeted towards major league sports player.
Thanks Grant..how I need to manage my money is hugely helpful...kind regards
@Pïnned by Grant Cardone◽◽ Can this system be used for white collar workers. I'ma a truck driver just asking..
Thanks for your time and your support to the community great video information 👍 ❤
Thank you for the value
*Reading about people grabbing multi-figures monthly as income in investment even in this crazy days in the market,any pointers on how to make substantial progress in earnings? would be appreciated*
Grabbing multi-figures in Crypto is possible with the right approach...no doubt Crypto is volatile which we've seen but committed investors are making passive income weekly and more grabbing multi-figures
I'm a newbie in Crypto and holding some Cryptocurrencies in my wallet but I'm scared I'm going to lose my funds due to the recent crash 😫
@@dianaaudibert5745 you don't have to get scared if you plan on a long term holding but if you're hoping to make passive income with coins you've got in your wallet, a professional and genuine broker is advised to manage your account
@@noahsebastian2430 I hope to make passive income maybe weekly or monthly... can you suggest a genuine broker?
@@dianaaudibert5745 you can connect Debbie, I've been investing and trading my cryptocurrencies with her signals and has been nothing short of impressive return of investment
multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.
Well I'm so happy I just got into crypto trading and I made my first profit, I wish I knew about crypto earlier I would have made a lot of money by now.
I also got a chance to benefit from his services a few months ago and it has been a very smooth experience, it's amazing how accurate his market analysis are, and how good and patient he is with newbies.
I started trading with macheal Dweght as the pandemic lockdown increased, which greatly affected the economy.
His trading signals and strategy has been useful even to me as an old trader and mostly newbies out there.... I'm still earning daily and growing my wallet monthly with expert macheal daily signals.
macheal has been managing my trade for months and I keep making profits weekly, made $9,350 last week
i really enjoyed this video. youre so as a matter of fact.. good job
Brilliant explanation.... a secret that many accountants can't even work out... and Mr Robert Kyosaki talks about in his cryptic way, but grant just gave it to us all! Thanks man.
Watching this as a tax accountant and all I can say is don’t take tax advice from someone who is not a tax professional 😂
He’s been doing accelerated depreciation on his assets for decades. If it weren’t legal he’d be in jail. Most accountants need to step their game up and stop playing it safe bc they are only comfortable doing vanilla W2 tax returns.
@@12BenjaminSto take that deduction, the person has to be a real estate professional. Work 750 hours a year and more than any other job. If you can do that than your good. It's very difficult.
People need to step up their understanding of the tax code.
Mostly true. However the tax code states that if you operate a short term rental with average stay of 7 nights or less, Airbnb, then the income generated from that is considered active income, not passive. And therefore you can write off your active income, W2, with depreciation and any other losses.
You don’t need real estate professional status in the scenario I just illustrated.
True lol!😂
Thanks for the financial game Grant. I appreciate your generosity and kindness. I’m going to pay it forward.