Don't watch unless you have money to INVEST!

       The following video is ONLY for peeps that have money to invest. Us real estate entrepreneurs must keep in mind as Tony Robbins says “you can’t earn your way to wealthy”. Things just don’t work like that. We must be vigilant not get completely consumed in the earning part of business and make sure we’re mindful of the money management side as well. In this video I’m going to bring you into a day with me as I manage my wealth with my Self Directed Roth IRA and my Children’s College account.

      We use Individual Retirement accounts to build a personal bank and help our communities at the same time. Today I’m meeting with Mr. Cole. He’s a local business man in Chesapeake VA and he owns a really cool appliance store called “No Stuff Appliances”. I met Mr. Cole when first started investing in real estate back in 2004 and I’ve been buying my appliances from him ever since. Since I knew he was a solid business man, I approached him to see if he ever needed any capital to invest in buying more inventory for his business. He said yes so I created a note out of my IRA and my kid’s college account to loan him the funds. Real estate investors hold our wealth inside of IRA custodians. The reason we do this is because the growth, or profit is tax free.

     Next, we agreed on some fair terms of repayments that would work for him and we did the deal. Today you’ll meet Mr. Cole and see how and why he does business with me. Further I’ll show you how to use your IRA as a bank that loans out money and the profit that comes back in is nontaxable. I hope you learn a lot here and since you watched, you must have some money to invest. At least think about using self-directed investing because there are no taxes if you do it right. If you need help with setting this up, shoot me an email to [email protected] to schedule a consultation.