5 Steps to Get Out of Debt and STAY Out of Debt

5 Steps to Get Out of Debt and STAY Out of Debt

Go into debt. That’s right…but “Good debt”. I want you to use good debt to buy rental real estate, start or expand your business, and build additional cash flow. You may even enter into debt for a modest home if you are renting. Many consider a modest auto loan or home loan profitable debt, IF it helps you make money by driving to a job and NOT paying rent to someone else.
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Using a Strategic and 10 Year Plan in your Business

Using a Strategic and 10 Year Plan in your Business

Anyone that has owned their own business knows that success can often turn on one simple principle: self-discipline. When you own your own business, there is usually no one leaning over your shoulder making sure you are putting in the hours you need and focusing your energy on the right tasks. A strategic plan can give you a regular road map to keep you focused and help you set goals, and then follow a strategy for achieving them.
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How Many Properties Should I Put in My LLC?

How Many Properties Should I Put in My LLC?

I truly believe that an LLC for every rental property isn't needed for the far majority of real estate investors.  It's expensive, cumbersome and provides nominal benefit when there's not a lot of equity in their rentals....yet!!
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Is Redeeming Airline Miles Taxable?

Is Redeeming Airline Miles Taxable?

Before you start clearing your calendar, think about this – redeeming those points or claiming your rewards may be a taxable event. Maybe it’s time to redeem those credit card points or miles you’ve been saving up and jump on a plane headed someplace warm. How about Miami, or maybe Maui?
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What is a COPE for Asset Protection?

What is a COPE for Asset Protection?

A Charging Order Protection Entity (COPE) is a unique type of entity that can provide additional protection for the assets it holds from the owner’s personal liabilities. It is far more advanced and complex than the average LLC.
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Maintaining Your S-Corporation

Maintaining Your S-Corporation

I wish that it was as easy as just filing a form with the State and you have magical tax savings and bullet-proof asset protection, but that's simply not the case. Here are 7 must do steps to protect your S-Corp.
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