277: How To Build Wealth Faster with the Pareto Principle, QRPs
01/27/20 • 37 min
You only need to be 1% better ... to go from good to great.
This is due to accumulative advantage, which is the engine that drives "The Pareto Principle" (80 / 20 rule).
Lessons from nature extrapolated to business and real estate investing provide cues on how you can grow your wealth faster.
Damion Lupo tells us about important new changes that make the eQRP - Enhanced Qualified Retirement Plan - even more beneficial to you.
To learn more, text “QRP” in ALL CAPS to “72000”.
With the eQRP, you pay no UBIT tax on leveraged real estate. Self-Directed IRAs sting you this way.
eQRPs can provide tax credits of $15,000 for starting a plan, and a tax deduction on your income by paying your kids.
Open your eQRP before you file your taxes, and you can make the benefits retroactive.
To learn more, text “QRP” in ALL CAPS to “72000”.
__________________
Resources mentioned:
Text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
Book:
Pareto Principle:
Mortgage Loans:
New Construction Turnkey Property:
Best Financial Education:
Find Properties:
Follow us on Instagram:
You only need to be 1% better ... to go from good to great.
This is due to accumulative advantage, which is the engine that drives "The Pareto Principle" (80 / 20 rule).
Lessons from nature extrapolated to business and real estate investing provide cues on how you can grow your wealth faster.
Damion Lupo tells us about important new changes that make the eQRP - Enhanced Qualified Retirement Plan - even more beneficial to you.
To learn more, text “QRP” in ALL CAPS to “72000”.
With the eQRP, you pay no UBIT tax on leveraged real estate. Self-Directed IRAs sting you this way.
eQRPs can provide tax credits of $15,000 for starting a plan, and a tax deduction on your income by paying your kids.
Open your eQRP before you file your taxes, and you can make the benefits retroactive.
To learn more, text “QRP” in ALL CAPS to “72000”.
__________________
Resources mentioned:
Text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
Book:
Pareto Principle:
Mortgage Loans:
New Construction Turnkey Property:
Best Financial Education:
Find Properties:
Follow us on Instagram:
Previous Episode
276: Weinhold, Wheelwright, Benna on 401(k)s, RE Pro Designation
Even a dollar-per-dollar match from your employer might not make 401(k) participation worthwhile.
"Timing" could be the most underrated word in investing.
Retirement plans only pay you when you’re old.
401(k)s rob you of the opportunity to fully live life while you’re young enough to enjoy it.
401(k)s used to be named “Salary Reduction Plans”. They had to get rid of the name to foster participation!
Instead, opt-in for your “Salary Increase Plan” with cash-flowing real assets.
Tom Wheelwright joins us, and we hear the voice of 401(k) inventor Ted Benna from GRE Episode 197.
In fact, 401(k)s incur tax rates double than if you had simply invested outside of the plan.
If you’re young & building wealth, specialize.
If you’re old & maintaining wealth, diversify.
Tom & I go deep on how you can qualify for the coveted Real Estate Professional tax designation while you still have a day job.
You don’t need to be a real estate agent to be an RE Pro, but it helps. Marriage can help.
__________________
Resources mentioned:
Tom Wheelwright:
Ted Benna & I’s full chat:
Mortgage Loans:
eQRP: Text “QRP” to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Construction Turnkey Property:
Best Financial Education:
Find Properties:
Follow us on Instagram:
Next Episode
278: How The Fed Is Corrupting America with Dr. Chris Martenson
You’re affected by interest rates and inflation as both a consumer and real estate investor.
A 50% return is not necessarily risky: I review the 5 Ways Real Estate Pays You and pass it through a new filter.
Dr. Chris Martenson joins us to discuss how The Fed manipulates monetary policy and interest rates by running up staggering debt levels.
To solve our problems, can we just keep printing money and paving over the world with dollars?
Interest rates are artificially low.
Why you’re in a Fed-induced bubble.
Chris tells us why Fed Chair Jerome Powell is a liar.
When the credit cycle bursts, everyday people will be harmed.
Chris thinks the next crisis will be twice as bad 2008.
Solutions: have multiple income streams, cash, and real assets.
Join Chris and PeakProsperity.com for their annual seminar May 1st to 3rd, 2020 in Sebastopol, CA.
For the best event pricing, use Discount Code: GRE2020
__________________
Resources mentioned:
Find Properties:
Meet Dr. Martenson & his tribe:
QRPs: text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
Mortgage Loans:
New Construction Turnkey Property:
Best Financial Education:
Follow us on Instagram:
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