EXAMPLE: One is a brilliant engineer who owns a $500,000 mansion and has a great job. He is the envy of his friends and relatives. The other 40-year-old man is a high school dropout who owns a 3 million dollar building. Which one will be worth more in 10 years or 20 years or 30 years? Is it not the one who owns the building? That’s not because he is smarter. It’s because he owns a “bigger” asset base. Now remember, both these men had no money. Both borrowed from the Bank to buy their property. In other words, both used (OPM) Other Peoples Money. Also note, that both men had the "same type" of investment (real estate) in the same city. (The reason I mention this is because people are always looking for a "better" investment. Here’s another BIG difference. The one who bought the house had “no tax deductions” on the interest payments on his $500,000 loan. He kept paying “high income tax” annually. The one that bought the building gets a “tax deduction” of all the interest payments on his 3 million dollar loan. So, he pays “little or no income tax” annually! NOTE: The one who owns the building MUST have a TEAM of professionals – the mortgage broker, the real estate agent, the rental agent, the maintenance manager, the accountant (tax advisor) and the lawyer. The TEAM is a MUST! To work with large amount of OPM you MUST also use Other People’s Talent (OPT) In the above picture you have different people - the brilliant engineer, the high school dropout, the real estate agent who sold the house and the building, the lawyer who did the transactions, the building maintenance guy, the building manager who rents the rooms, etc. But, from all these players, there is only ONE who would get wealthy – who would it be? ...the high school dropout! QUESTION: Do you want a plan that will just get you a good retirement income? Or, would you prefer to have a plan that will unleash wealth? Wealth is “created” – by working with Other People’s Money, Talent & Time. Use the Tax Reduction Team and also use the Tax Reduction Calculator to learn how you can drastically reduce your income tax and thus Create Wealth. |