If you want to save on taxes, you’ll need to read these two books.
During tax season, it is important to make sure that you have the strategies and information necessary to support your financial goals. That’s why I would like to introduce you to a book called “Tax-Free Wealth” by Tom Wheelwright. You might recognize Tom Wheelwright as the person who wrote all of the tax content for the book “Rich Dad Poor Dad” by Robert Kiyosaki. “Tax-Free Wealth” and its follow-up book, “The Win-Win Wealth Strategy”, are full of such valuable information that I recommend you get your own copy to use as a resource. My copies are filled with tabs and notes.
These books have tons of things that you can take advantage of if you own a business or real estate. You can talk to your tax professional about them, and I would love to have a conversation about some of the basics. In general, however, we are looking for ways to save on our tax burden this year. Nothing outside the lines, but simply using the tax code to our benefit so that we pay less in taxes. That way, we have more money to invest in our businesses, real estate, and the charitable organizations that we choose to patronize.
“My copies are filled with tabs and notes.”
These books are a great resource for that kind of information. They help us to become more financially literate and in control of our financial world. They cover topics like accelerated depreciation, home office deductions, and the Augusta Rule, which allows you to rent your home for up to 14 days without tax consequences. There are many more things like that, making us realize that the more we learn about the tax code, the more we can do to benefit ourselves in legal ways.
These are completely within the lines because the tax code is actually designed to incentivize us in certain ways. We have incentives to invest in our business, alternative energy, agriculture, and real estate. There are many things to be done with respect to real estate that I would love to discuss with you.
If you have any questions about these two books, “Tax-Free Wealth” and “The Win-Win Wealth Strategy” by Tom Wheelwright, how to apply the information to real estate, or real estate in general, please feel free to reach out to me. I would be happy to serve as your resource for all of your real estate needs.
