All Forum Posts by: Joanna Golden
Joanna Golden has started 26 posts and replied 40 times.
Post: Looking for QOZ cpa or accountant who can help me set up and manage private QOZ fund
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
hi! I am an individual investor and about to have some capital gains coming in about 80Kplus. I am looking at land and buildings in OZ BUT i want someone who can guide me and open an account and make sure I am on track with deadlines and paperwork. WHereever I look this only exists for large developmental multi million dollar projects with tons of investors. Is there anyone here who helps indiviudal investors and it may be a small multi prop that I am going to fix up or land. Its just me and my husband as partners in my LLC - let me know!
Post: Is Rich Dad Poor Dad Worth reading?
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
Quote from @Joanna Golden:
Quote from @Nathan R Andersen:
I thought it was great. There is a revised version updated to 2017 which is great.
I would say it is an amazing book and you have to take the information and understand how to apply it. Not everyone's goal is the build a massive corporation and take it public to become the next Bill Gates, so you have to find the nuggets and apply them in your own life.
I would also advise listening to the information about doing things personally and taking control of things like your personal income statement and balance sheet. Unless you're doing this the rest of the information is of significantly less value imo.
To answer, definitely worth reading and highly recommended.
Thanks for your feedback! I wrote an in-depth review here on if its worth it, if you are interested as well, at thefinancialappetite.net/content/
Post: Is Rich Dad Poor Dad Worth reading?
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
Quote from @Joanna Golden:
Quote from @Nathan R Andersen:
I thought it was great. There is a revised version updated to 2017 which is great.
I would say it is an amazing book and you have to take the information and understand how to apply it. Not everyone's goal is the build a massive corporation and take it public to become the next Bill Gates, so you have to find the nuggets and apply them in your own life.
I would also advise listening to the information about doing things personally and taking control of things like your personal income statement and balance sheet. Unless you're doing this the rest of the information is of significantly less value imo.
To answer, definitely worth reading and highly recommended.
Thanks for your feedback! I wrote an in-depth review here on if its worth it, if you are interested as well, at thefinancialappetite.net/content/
Post: Is Rich Dad Poor Dad Worth reading?
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
Quote from @Joanna Golden:
Quote from @Nathan R Andersen:
I thought it was great. There is a revised version updated to 2017 which is great.
I would say it is an amazing book and you have to take the information and understand how to apply it. Not everyone's goal is the build a massive corporation and take it public to become the next Bill Gates, so you have to find the nuggets and apply them in your own life.
I would also advise listening to the information about doing things personally and taking control of things like your personal income statement and balance sheet. Unless you're doing this the rest of the information is of significantly less value imo.
To answer, definitely worth reading and highly recommended.
Thanks for your feedback! I wrote an in-depth review here on if its worth it, if you are interested as well, at thefinancialappetite.net/content/
Post: Is Rich Dad Poor Dad Worth reading?
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
Quote from @Simon W.:
Quote from @Forrest T Schue:
Quote from @Simon W.:
It is a quick read, but it's way overrated. The ideas aren't anything new.
Plenty of other books that give better insights and mindset shift. It's a fun and quick read but it repeats itself a lot.
To summarize, use debt to get assets and not pay taxes. Go buy rental properties to get passive income. Buy a cheap used car because it depreciates too quickly without bringing any income. Don't work to get a paycheck because you will be paying taxes. Did I mention he really emphasizes on not paying taxes?
Thanks! I wrote an in-depth review here on if its worth it, if you are interested as well, at thefinancialappetite.net/content/
Post: Is Rich Dad Poor Dad Worth reading?
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
Quote from @Nathan R Andersen:
I thought it was great. There is a revised version updated to 2017 which is great.
I would say it is an amazing book and you have to take the information and understand how to apply it. Not everyone's goal is the build a massive corporation and take it public to become the next Bill Gates, so you have to find the nuggets and apply them in your own life.
I would also advise listening to the information about doing things personally and taking control of things like your personal income statement and balance sheet. Unless you're doing this the rest of the information is of significantly less value imo.
To answer, definitely worth reading and highly recommended.
Thanks! I wrote an in-depth review here on if its worth it, if you are interested as well https://thefinancialappetite.n...
Post: Is Rich Dad Poor Dad Worth reading?
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
I wrote a review that goes over the pro's and cons of the book here for anyone thats interested (below)
Post: Is Rich Dad Poor Dad Worth reading?
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
What are all your thoughts these days?
Post: Opportunity Zones - where to get more info for the small investor
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
Hi Basit, thank you - I would love some ideas and insight here. I will have a minimum of 50,000 gain and I am uncomfortable about doing any heavy rehab work, building out a "new build" from scratch would not be smart because I have zero experience. How do I create the best deal for myself here with this opportunity I have? One that cash flows and appreciates well over the 10 years? If I leverage the 50K I could buy something for 200K+ and try to find a great deal but even if I got a deal for 100K, I am not looking to put 100K of rehab into something over 2 years. I could buy something in an OZ for 50K cash and put 50K but everything I am seeing for 50K is unappetizing. Could I look for properties where the building is worth very little but the land is worth a lot so I can deduct it from my basis? So like if I found a $200,000 piece of land with a 25K house/shack included on it, could I take a mortgage out for that 200K using my capital gains of 50K for the down deposit, then only have to put another 25K into it for the whole 200K investment to count? I haven't seen that.
Post: Opportunity Zones - where to get more info for the small investor
- Rental Property Investor
- Dobbs Ferry, NY
- Posts 48
- Votes 16
Thanks! Which podcast specifically? The one I listen to titled The Opportunity Zone podcast is mostly about larger investment funds, so I dont get much from it. If I am missing anything, let me know!