5 min
23: Thou Shalt Use Shelters to Protect Wealth Guided Visualization, Meditation, Law of Attraction, Goal Setting for Real Estate Investors
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- Mental Health
Today's guided visualization is focused on Jason Hartman's Commandment #18: Thou Shalt Use Shelters to Protect Wealth.
As children, we’re taught that a human only needs three things to survive—food, water, and shelter. And while real estate offers a physical shelter (which is one of the reasons it is so great—people will always need shelter) what we’re talking about here is real estate as tax shelter.
It might first be helpful to define what it is we mean by tax shelter. Simply put, tax shelters are a means of reducing taxable income which results in payment reduction to tax collecting entities. This can include state and federal governments. Local and international tax law can dictate the methodology of tax shelters. In the United States, a tax shelter refers specifically to a method that recovers more than one dollar for every dollar spent within a four year timeframe.
Once you’re an advanced investor and have dozens of properties, speak with a qualified professional about ways you can best protect your wealth. Until then, remain focused on acquiring high quality properties, properly insuring them, and building your wealth through the ownership of income properties. Protect your wealth with the ultimate tax shelter—and don’t overthink it.
Website:
www.JasonHartman.com
Today's guided visualization is focused on Jason Hartman's Commandment #18: Thou Shalt Use Shelters to Protect Wealth.
As children, we’re taught that a human only needs three things to survive—food, water, and shelter. And while real estate offers a physical shelter (which is one of the reasons it is so great—people will always need shelter) what we’re talking about here is real estate as tax shelter.
It might first be helpful to define what it is we mean by tax shelter. Simply put, tax shelters are a means of reducing taxable income which results in payment reduction to tax collecting entities. This can include state and federal governments. Local and international tax law can dictate the methodology of tax shelters. In the United States, a tax shelter refers specifically to a method that recovers more than one dollar for every dollar spent within a four year timeframe.
Once you’re an advanced investor and have dozens of properties, speak with a qualified professional about ways you can best protect your wealth. Until then, remain focused on acquiring high quality properties, properly insuring them, and building your wealth through the ownership of income properties. Protect your wealth with the ultimate tax shelter—and don’t overthink it.
Website:
www.JasonHartman.com
5 min