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 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/

Ver todos los episodios