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:
A 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.
Jeff 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.
Owning 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.
Paying 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
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