In this episode, Jeff discuss:How being a real estate agent or a business owner is like riding a bikeRunning a business requires the right protection. Hiring your kids to work for youKey Takeaways:Being a real estate agent or a business owner is very similar to riding a bike – it looks easy, but it’s not, and it takes balance to get there, to learn how to run a business, and to be passionate about helping people find their dream homes.It can be scary and painful to run a business, but with the right protection in place, severe damage can be prevented and you'll end up not wrecking as often, saving you money on your taxes.It is possible to hire your own children to work for you. By doing so, you get to make more money, and your kids can learn some life skills while working for a living without costing you any extra money since you're already paying them for it, but now you also save taxes as you do.  “In life, we have two choices: we can continue to do the same thing over and over and get the same results, or we can learn from our mistakes and make some changes. " —  Jeff HockettConnect with Jeff:Website: https://www.hocketttax.com/Email: [email protected] Twitter: https://twitter.com/taxgamecoachFacebook:  https://www.facebook.com/hocketttaxandpayrollYouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttaxInstagram:  https://www.instagram.com/hocketttax/

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