17 min
Understanding Money More Money in Your Pocket
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- Entrepreneurship
Owning investment properties might just be your ticket to building wealth, especially for W-2 earners who miss out on those precious write-offs. Jeff shares the golden rule: if you can't afford a property manager, think twice before you leap into property investments.
Learn why paying interest is throwing your hard-earned money away and get actionable advice on how to grow your funds sustainably.
In this episode, we dive deep into:
Beyond The W-2A W-2 job might offer security, but when it comes to taxes, opportunities for write-offs are minimal. Learn why diversifying your income could be a game-changer.
Real Estate as a Wealth BuilderJeff compares the steady, if limited, income from traditional employment to the potentially larger, but less predictable rewards of business ownership, emphasizing the long-term benefits of real estate investment.
Investment Property ManagementOwning investment property is about creating wealth, but it requires consideration and planning. Jeff advises against investment properties if you can't afford management — hear his reasons why.
The Cost of InterestPaying interest can severely impact your wealth-building journey. Jeff discusses smarter ways to manage money that could lead to significant savings over time.
"Buying real estate, having houses or hotels, owning a railroad or utility companies was the way to win the game. And it's the same in the real world." – Jeff Hockett
Connect with Jeff:
Website: https://www.hocketttax.com/
Email: jeff@hocketttax.com
Twitter: https://twitter.com/taxgamecoach
Facebook: https://www.facebook.com/hocketttaxandpayroll
YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0
LinkedIn: www.linkedin.com/in/hocketttax
Instagram: https://www.instagram.com/hocketttax/
Owning investment properties might just be your ticket to building wealth, especially for W-2 earners who miss out on those precious write-offs. Jeff shares the golden rule: if you can't afford a property manager, think twice before you leap into property investments.
Learn why paying interest is throwing your hard-earned money away and get actionable advice on how to grow your funds sustainably.
In this episode, we dive deep into:
Beyond The W-2A W-2 job might offer security, but when it comes to taxes, opportunities for write-offs are minimal. Learn why diversifying your income could be a game-changer.
Real Estate as a Wealth BuilderJeff compares the steady, if limited, income from traditional employment to the potentially larger, but less predictable rewards of business ownership, emphasizing the long-term benefits of real estate investment.
Investment Property ManagementOwning investment property is about creating wealth, but it requires consideration and planning. Jeff advises against investment properties if you can't afford management — hear his reasons why.
The Cost of InterestPaying interest can severely impact your wealth-building journey. Jeff discusses smarter ways to manage money that could lead to significant savings over time.
"Buying real estate, having houses or hotels, owning a railroad or utility companies was the way to win the game. And it's the same in the real world." – Jeff Hockett
Connect with Jeff:
Website: https://www.hocketttax.com/
Email: jeff@hocketttax.com
Twitter: https://twitter.com/taxgamecoach
Facebook: https://www.facebook.com/hocketttaxandpayroll
YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0
LinkedIn: www.linkedin.com/in/hocketttax
Instagram: https://www.instagram.com/hocketttax/
17 min