292: CZ How Not to Pay Taxes
The Cardone Zone
02/09/18
•36m
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The rich guys do not pay the IRS. It's not that they don't pay, they defer. You need to change your mind about paying the IRS. Pay more...
1. You want to pay more taxes. If you pay more you make more money. 2. Reduce the bill 3. Defer the bill
What if I told you that you can buy a swimming pool or hot tub and deduct it? What if you could join the country club and write it off?
Previous Episode
291: Crypto is Down, Here's How to Inves
February 2, 2018
•39m
I don't do get rich quick, I do get rich for sure. Here are 3 rules for you to take away today for future investments:
#1 Don't lose money #2 Don't lose money #3 Get rich for sure Title of episode: Crypto is Down, Here's How to Invest
Next Episode
293: CZ Get Rich With Passive Income
March 30, 2018
•46m
Have as much money as possible coming in from passive income. I want a check every month, how about you? I want the company to pay me and I want the real estate to pay me even if I didn't 't work today.
There are not a lot of options for passive income out there. You make 50k you pay 15k in taxes, you need to figure out how to get this 3k a month you're left with into passive income.
When you buy stock you don't need to worry about the loss it had over time because you really already lost the money when you bought the stock. You gave money for a piece of paper. Stop buying things that go up and down, you need something stable that pays dividends over time.
If you make 100k a year your goal should be another 100k matched in passive income. Ultimately you want more passive than active income.
Invest in things that stay stable. You don't want a piece of paper you want a piece of asset. Only invest in companies that can't be disrupted. AT&T went down because its in telecom and it got disrupted, Facebook will be disrupted, Apple will be disrupted. Just look at all things from 30 years ago that don't exist anymore, like your mom's old phone. This is model you want to follow: work your ass off, save your money, when there is a good asset - buy it. You guys spend money on junk, I spend money on things that go up in value over time and give me passive income. Get on the smart side of investing!
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