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277: How To Build Wealth Faster with the Pareto Principle, QRPs

277: How To Build Wealth Faster with the Pareto Principle, QRPs

FromGet Rich Education


277: How To Build Wealth Faster with the Pareto Principle, QRPs

FromGet Rich Education

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)

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.