Happy Sunday!

Here are 3 ideas, 2 quotes, and 1 question to consider this week!

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3 Ideas From Me

1. “One of the best ways to ELIMINATE federal taxes on W-2 income (or business income) is with 5 steps:

— Purchase rental real estate

— Run a cost segregation study

— Accelerate depreciation

— Qualify you or your spouse as a real estate professional

— Convert passive losses into active losses that offset W-2 income

This simple strategy has saved me over 300k in taxes.”

2. “Almost anything nurtured long enough turns into second nature. Therefore, happiness is not a destination it is a decision.”

3. “Everything that is good is not good for you.

In our pursuit of what is truly beneficial and helpful, it is important to refrain from taking advice, tips, and strategies at face value.

All things considered must also consider our values, goals, and lifestyle.“

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2 Quotes From Others

1. Writer James Clear shares a fantastic piece of life advice:

"The ultimate form of preparation is not planning for a specific scenario, but a mindset that can handle uncertainty.”

2. Expert storyteller Nathan Baugh provides some wisdom on building a successful business:

“Dream in years. Plan in months. Evaluate in weeks. Ship daily.”

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1 Question To Consider

"Does this action align with my values, goals, and desired way of life?"

By considering this, you determine if a particular choice is in harmony with your personal aspirations and the kind of life you wish to lead.

Until next week,

- Keran Smith