Paychecks and Profits: Leveraging Your W2 w/ T.R. Smith
02/21/23 • 51 min
Becoming financially independent doesn’t always mean that you have to strive to quit your 9-5 as soon as humanly possible. If you enjoy your job, but just want to maximize your return on earned income, then our guest T.R. Smith is ready to share some actionable tips with you! If you want to build generational wealth you need to find some "Home Run Investments." T.R. defines a home run investment as a method of investing that will give you an excellent return on your money with little risk. These kinds of investments can be made based on the money you contribute or by reducing the amount of taxes that you pay annually. In both cases, you are building wealth immediately. T.R. has dedicated himself to help people build wealth by maximizing employee benefits and reducing taxes - along with many other strategies. In our conversation, we discussed strategies to increase your profits and lower your tax obligations, how to maximize your 401(k) benefit, how to use an IRA to begin building generational wealth, the best ways to use your Flexible Spending Account (FSA), ways to generate profits from your Health Savings Account (HSA), and how to set up your family for success by using 529 College Savings Accounts & Custodial Accounts.
You can connect with our guest on Instagram @trsmithinvests or online at https://paychecksandprofits.com.
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Let's kick the 9 to 5!
Decide. Commit. Take Action!
Becoming financially independent doesn’t always mean that you have to strive to quit your 9-5 as soon as humanly possible. If you enjoy your job, but just want to maximize your return on earned income, then our guest T.R. Smith is ready to share some actionable tips with you! If you want to build generational wealth you need to find some "Home Run Investments." T.R. defines a home run investment as a method of investing that will give you an excellent return on your money with little risk. These kinds of investments can be made based on the money you contribute or by reducing the amount of taxes that you pay annually. In both cases, you are building wealth immediately. T.R. has dedicated himself to help people build wealth by maximizing employee benefits and reducing taxes - along with many other strategies. In our conversation, we discussed strategies to increase your profits and lower your tax obligations, how to maximize your 401(k) benefit, how to use an IRA to begin building generational wealth, the best ways to use your Flexible Spending Account (FSA), ways to generate profits from your Health Savings Account (HSA), and how to set up your family for success by using 529 College Savings Accounts & Custodial Accounts.
You can connect with our guest on Instagram @trsmithinvests or online at https://paychecksandprofits.com.
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Let's kick the 9 to 5!
Decide. Commit. Take Action!
Previous Episode
Mortgage Rundown w/ Jamie Lenes
When it comes to real estate investing, one of the most important and underrated relationships that you can have is with your lender. Utilizing a great mortgage to boost returns and secure long-term financing is key to maximizing your returns. That’s why we brought our friend Jamie Lenes on to chat about all things lending. In our conversation, we discussed existing market conditions, down payment requirements on small multi-families, vacation rentals, mortgage insurance, seasoning a mortgage, and what elements of a loan might be negotiable with the lender. You won’t want to miss this one!
You can connect with our guest by email at [email protected].
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
Let's kick the 9 to 5!
Decide. Commit. Take Action!
Next Episode
Brokerage Owner Finds Opportunities with REO and Foreclosures w/ Greg Raymer
Greg Raymer is a successful real estate agent and brokerage owner with over 20 years of experience. He currently owns and operates a NextHome franchise in Bowling Green, Kentucky, which is about an hour north of Nashville, Tennessee.
Before Greg entered the real estate industry, he played minor league baseball for five years in the Padres, but got injured and decided to finish his business degree before entering the working world. Greg worked in the insurance industry for ten years before realizing that he wanted more from his career than just a paycheck. After picking his cousin's brain about real estate, Greg eventually obtained his license and ended up buying a Next Home franchise.
Greg's brokerage has grown to 20 agents, and he has carved out a niche for himself in REO (real estate owned) listings. This includes foreclosures, auctions, and getting on a bank's list for foreclosures. His clients are primarily larger banks, and he's had success in this space from day one. Another area of focus for Greg and his real estate business is investing in mobile homes. He has a partnership through USA House Partners, an investment group through his brokerage, and they invest in and wholesale mobile homes. Greg has found his niche with mobile homes and he looks forward to acquiring more in the near future. As Greg says, "they're recession-proof."
Greg's goals are to continue building his business and serving his clients. He recognizes that investors are looking for buy and hold opportunities that provide a steady income stream. Greg Raymer's success in the real estate industry is a testament to his hard work and dedication to his clients. He has found a niche in REO listings and mobile homes and has built a successful brokerage around those areas. As he continues to grow his business, he understands the importance of tracking his progress through KPIs and metrics.
You can connect with our guest via email at [email protected].
Are you interested in finding great off-market investment opportunities? We’ve partnered with DealMachine to help bring great deals to your doorstep. All you have to do is sign up with DealMachine using this link and follow the steps to secure your next deal. Patrick and I are clients of DealMachine and have made a lot of money using their services. We hope you do too!
Do you have any questions you'd like for us to answer on the show, or a success story you'd like to share? Shoot us an email to [email protected] and we'd be happy to connect with you. And If you haven’t done so already, please leave us a glowing 5 start review on your podcasting platform–it would really help us out!
You can connect with you hosts on instagram:
James on Instagram: @James_Rippeon
Patrick on Instagram: @RentalPropertyCouple
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Let's kick the 9 to 5!
Decide. Commit. Take Action!
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