How To Achieve Financial Freedom by Reducing Your Taxes , An Interview with Eric Freeman, CPA, Part 2

passive income taxes Jun 14, 2019
 

This is part two of a (2) part video series.   If you missed part I, you can watch it here.  A major component of the Financial Freedom Formula (F3) methodology which helps anyone achieve Financial Freedom Quickly with Tax Efficient Passive Income, is to reduce one’s taxes.  Therefore, this week’s video will focus on that part of the methodology.   Here is a summary of what you will learn by watching the video:

  • How Has Tax Reformed Impacted CPAs and Real Estate Investors?
  • What is the 20% Pass Thru Deduction?
  • What Is Bonus Depreciation?
  • What is Section 179?
  • What do you recommend people do to mitigate the financial impact of the $10k maximum deduction for State and Local Income Taxes (S.A.L.T)?
  • Any Changes to 1031 Exchanges?
  • What is an Opportunity Zone and how does one benefit?
  • What is a Real Estate Professional (REP)?
  • How does one become a Real Estate Professional?
  • What is a Cost Segregation Study and how does this benefit...
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How To Achieve Financial Freedom by Reducing Your Taxes - An Interview with Eric Freeman, CPA, Part 1

passive income taxes Jun 07, 2019
 

This is part one (1) of a two (2) part video series.  As you may recall, a major component of the Financial Freedom Formula (F3) methodology which helps anyone achieve Financial Freedom Quickly with Tax Efficient Passive Income, is to reduce one’s taxes. 

Therefore, this week’s video will focus on that part of the methodology.   Here is a summary of what you will learn in the interview:

  • How Has Tax Reformed Impacted CPAs and Real Estate Investors?
  • What is the 20% Pass Thru Deduction?
  • What Is Bonus Depreciation?
  • What is Section 179?
  • What do you recommend people do to mitigate the financial impact of the $10k maximum deduction for State and Local Income Taxes (S.A.L.T)?
  • Any Changes to 1031 Exchanges?
  • What is an Opportunity Zone and how does one benefit?
  • What is a Real Estate Professional (REP)?
  • How does one become a Real Estate Professional?
  • What is a Cost Segregation Study and how does this benefit Real Estate Investors?
  • How does one find a good CPA...
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Learn the four (4) types of income and Tax Rates

passive income taxes Mar 01, 2019
 

 

I just released a new video explaining the four (4) types of income and Tax Rates and the fastest path for anyone to build Wealth.  You can watch the video on this page or on our Youtube channel by clicking the graphic below:

As explained in the video, if you want to move to the right side of the quadrant, learn the three (3) simple steps for free.

To reiterate, the sooner you move to the right side of the quadrant, the faster you can reduce your taxes, such as mitigating the negative implications from the $10k maximum S.A.L.T. deduction and build wealth for yourself.

Gena Lofton

 

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HOW TO ACHIEVE FINANCIAL FREEDOM FORMULA

In response to your inquiries, I have created a short video explaining the Financial Freedom Formula and how anyone can achieve Financial Freedom for themselves via implementing these three (3) steps.  

WATCH THE VIDEO TO GET THE ANSWER

 

 

If you have additional questions on how it works, then feel free to take the free training via this link:

 

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A Tale of Two Retirement Strategies Wall Street vs. Main Street

Strategy 1 – Wall Street

Wall Street investors hope to buy low and sell high to generate a capital gain.  They believe investing in a well-diversified portfolio of stocks, bonds, and mutual funds will enable them to retire and live off their nest eggs.   Unfortunately, this Strategy is one of the main reasons most people have inadequate funds to ever stop working.   Their biggest fear is outliving their money.    

According to the Economic Policy Institute, most people approaching retirement have little or no retirement savings. 

In addition to gambling on Wall Street, other reasons they have insufficient money is due to the following factors:

  • They spend their life working for money vs. building/buying assets;
  • They confuse assets with liabilities. “Assets feed you and liabilities eat you”.
  • They use debt to buy liabilities vs. using it to buy assets. Money has been free for a decade due to the Federal Reserve Interest...
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