In this episode, Jeff discuss:
- How being a real estate agent or a business owner is like riding a bike
- Running a business requires the right protection.
- Hiring your kids to work for you
Key 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 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/
