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E297 - Master & Maintain Your Wealth (Encore) - Chris Larsen

E297 - Master & Maintain Your Wealth (Encore) - Chris Larsen

FromThe Investor Mindset - Name Your Number Show [$]


E297 - Master & Maintain Your Wealth (Encore) - Chris Larsen

FromThe Investor Mindset - Name Your Number Show [$]

ratings:
Length:
34 minutes
Released:
Feb 28, 2022
Format:
Podcast episode

Description

This week our guest is the investing and money maintenance expert Christopher Larsen. Chris is the founder and Managing Partner of Next-Level Income, through which he helps investors become financially independent through education and investment opportunities. In this episode, we dive deep into how you can be managing your money better. We go into how you get started in the market, how to save on your taxes, how to manage your wealth, and much more. If you’re not already taking this advice then you could be losing out on a significant amount of money annually… monthly… or even daily. So jump in and join us for this conversation supercharged with information and learnings! Key TakeawaysThink about what you’ve got, what you're grateful for, and what that means to you. To have passive income you can either: grow wealth by building a company and cashing out or you can make money and then invest in something. It's wise to save 50% (after tax) of what you make. 2 key strategies to help maintain your wealth: 1. Find a tax specialist and 2. Avoid interest-paying tax via high cash value life insurance. With multifamily you can retain tax benefits even as a high-income earner. A 1031 exchange means you can take the growth income of your investment and roll it tax-free into another investment. Compared to other investing markets, real estate has cash flow, appreciation, and tax benefits. Multifamily risk can be 1. Market Risk 2. Operator experience 3. The deal itself.  Resources MentionedDownload your free copy of the Passive Investor Playbook - https://investormindset.com/passive About our Guest:Christopher Larsen has been investing in and managing real estate for over 20 years. He began syndicating deals in 2016, has raised more than $15M, and has been actively involved in over $150M of real estate acquisitions. In addition to real estate, Chris has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation’s Top 10 Angel Investing groups. Chris lives with his wife and two boys in Asheville, NC where he loves spending time with them outdoors and enjoying the food and culture that the region has to offer.
Released:
Feb 28, 2022
Format:
Podcast episode

Titles in the series (100)

What does it take to succeed when others fail? We explore the stories on Investing that you don’t often hear: The trials and challenges that lead to success and the Mindset it takes to make it. We’ll learn from some of the best investors and entrepreneurs, learning through fire-walking their experiences so we can each setup up our game and be our best self. We focus 80% on the motivation & mindset that leads to success, and 20% on the investing strategies & tactics that get us there. About The Host: Steven Pesavento Real Estate Investors & Entrepreneur has always been obsessed with understanding how we can think better, how we can be better and how we can do better. He fought against those limiting beliefs, that held him back and jumped in to Real Estate with no experience. By modeling the mindset & actions of leaders he looked up to, his Real Estate investing his business exploded, buying 150 houses in his first two years, over $22 Million in real estate transactions. Personal development for real estate investors. Model the top real estate investors, house flippers, multifamily syndicators, wholesalers and landlords. We invite guests from all industries to share their mindset with our incredible community. Join the insider club at: https://TheInvestorMindset.com IG @Investormindset https://Facebook.com/theinvestormindset