Billy Keels  00:00

Today's conversation is sponsored by first generation Capital Partners. If you're an accredited investor and you want to know about how we're helping other accredited investors keep more of their income, go to firstgencpe.com forward slash going long.

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00:12

You're listening to the going long podcast with Billy keels, the number one podcast for long distance real assets investing.

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Billy Keels  00:21

Welcome to the gold long podcast, we're back once again to continue to help to educate you so you feel much more comfortable as well as confident investing beyond your backyard. And yes, I'm your host, Billy keels, and we are back for another solo solo episode, which is really, really cool. I guess it's kind of not solo, because it's just me, but me and you. Because you're here listening in or watching or both. So listen, I am super, super excited. Thank you so much for continuing to download the podcast continuing to share and continuing to tag us across social media, LinkedIn, Instagram are the ones I always like to talk about. But there are others. And I appreciate you continuing to do that. And also, if you want to find out any of the previous episodes, just go to first uncp.com forward slash podcast and you can find them there. And don't forget, if you want to leave an honest written review, in writing, and you have been thinking about it for so long, wait too long. Go ahead and do that. We even have a little video here that will help you to do that. But today, I want to specifically speak to, well, a very specific person, if you are an accredited investor, and you've heard what that is already, you are someone who you and your spouse, if you are married, or if you're single, that you are working, and you are dedicated to a large corporate job or business or something that you are doing. And you have just finished tax day in the United States of America. And you're not feeling like you move forward because you made a lot of money. But guess what, Uncle Sam, he also put his hand pretty deep in your pocket. And if that leaves you feeling a little bit, well frustrated or a little bit upset or a little bit like I need to be doing something different, like this keeps happening over and over and over? Well, then this is a really great solo episode for you to listen to, because you are more than likely, because if you've been here on the podcast, you know we started because this was a real estate podcast. We have also seen so many different things because you've understood that real estate was going to do a couple of things for you, which is exactly what happened to me when I was very, very early in my investing career. It was going to help create cash flow, which is awesome. It was going to build up equity over time, also known as amortisation. And it was also going to be able to have depreciation that you can even create enforced. And then there was this fourth part, which was it was going to help you also lower your taxes. I think you all if you've been here long enough, you know, I have some real passionate about that. Because my question to you is, if you fit the criteria from before accredited investor work in a busy job, you and your spouse if you're married, if you're not if it's just you, and you do like real estate, and you are investing in real estate, my question to you is, how much did real estate help to lower your income tax bill? Just curious. If it did well, you know, congratulations to you, you probably have a very specific designation from the IRS, and you probably are not the person that I was describing before. If you are that person, you also know that where we started is not necessarily what we finish, we started as real estate, we've seen a number of different types of real estate, everything from residential, to commercial, multifamily, self storage, all these different types of industrial parks. All of these different types of assets within the real estate space. We've also talked about different products that you can look at. And whether those are the notes, the paper that you hold, when you're having lending, or maybe it's an insurance type of policy that you're using. These are also different vehicles that you can use. We've also been talking about the commodity space, specifically in the oil and gas space. And depending on what you're trying to do, how you match these different vehicles, these vehicles are going to help you get to your destination. And typically it's not just making more money. It's about being able to create experiences with your family, with your loved ones, with the people that you deem the most important in your life. And unless you have the financial resources to do it, then it's keeping you from actually creating those experiences. So why am I saying all this? Every year, you get the opportunity to understand how close how much closer you move towards or away from whatever that life goal and priority is. Because that's when Uncle Sam, the tax man tells you whether or not you're moving forward, are you moving back? If you're feeling frustrated, because you continue to give so much money to Uncle Sam, like more than what you think is even like what you want to be able to do. And you haven't looked at the different vehicles like one of the things that I would say especially if you are that accredited investor, high wage earner, and you're looking to get closer to your goals. You've heard me talk about it before. I mean, one of the things you can do is just go to first ncp.com forward slash going long. It will help to start the education base so that you can figure out how you stop feeling frustrated and you start feeling like a very elite group of people, special group of people who actually really really like tax day because that's when you're looking and you're going oh my gosh. I've moved even so much closer because I was able to not only generate income, but I was also to keep, I was able to keep more of my income so that I can get myself, my loved ones, the people that I care about the most closer to our life goal. Right? That's what it's all about. And so I asked that question, because so many of us get started, or you may have gotten started thinking that real estate was going to solve all of these problems. And you realise that there are other vehicles out there, when combined together, give you increased control, and also allow you to get much closer to your life goals, once again, that typically are not money, but you need money or currency, to be able to get to them much faster. So if you are that accredited investor, that high wage earner who's super busy working lots and lots of roles, and you're feeling like this year's report card is not the one that you want, and you want to start to not repeat the exact same thing, you want to start the education base, I would suggest that you go to first ncp.com forward slash going long, because it does not have to feel the way that it felt this year. And if you're listening at this at any point in time, and you're still feeling a little bit like hey, listen, even though it's a different point in the year, I really want to find out more about what this is, once again, go to first ncp.com forward slash going long. So like I said, wanted to keep this short, sweet solo between you and I and I just My goal for each and every one of you is that especially when you're having this annual checkup that you always feel like like when you go to the doctor that the annual checkup was a positive thing. And whatever we can do to continue to help you that help you continue or get started on education and learning about new ways to to not make more but also keep more to get closer to your life dreams. Go to first and cp.com forward slash going along. And listen. While you're doing that you're downloading and you're repeating on you're coming back and listening again and sharing with family and friends. I'm gonna be here preparing for the next solo episode. So until then go out and make it a great day. And thank you very much. Trust that you enjoy today's conversation and once again today's conversation was sponsored by first generation Capital Partners. If you're an accredited investor want to find out more about how we're helping accredited investors to gain their personal freedom even faster. Go to firstgencp.com forward slash going long.