37 min listen
277: How To Build Wealth Faster with the Pareto Principle, QRPs
277: How To Build Wealth Faster with the Pareto Principle, QRPs
ratings:
Length:
38 minutes
Released:
Jan 27, 2020
Format:
Podcast episode
Description
You only need to be 1% better ... to go from good to great. This is due to accumulative advantage, which is the engine that drives "The Pareto Principle" (80 / 20 rule). Lessons from nature extrapolated to business and real estate investing provide cues on how you can grow your wealth faster. Damion Lupo tells us about important new changes that make the eQRP - Enhanced Qualified Retirement Plan - even more beneficial to you. To learn more, text “QRP” in ALL CAPS to “72000”. With the eQRP, you pay no UBIT tax on leveraged real estate. Self-Directed IRAs sting you this way. eQRPs can provide tax credits of $15,000 for starting a plan, and a tax deduction on your income by paying your kids. Open your eQRP before you file your taxes, and you can make the benefits retroactive. To learn more, text “QRP” in ALL CAPS to “72000”. __________________ Resources mentioned: Text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com Book: The Slight Edge by Jeff Olson Pareto Principle: Business Insider article Mortgage Loans: RidgeLendingGroup.com New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Find Properties: GREturnkey.com Follow us on Instagram: @getricheducation
Released:
Jan 27, 2020
Format:
Podcast episode
Titles in the series (100)
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