October 5, 2023

SERIES HIGHLIGHT: Precision Business Strategies to Develop Accurate Financial Insights - Larry D. West III

Follow the dollars to understand the priorities… This is just one of the many insights that @The Going Long Podcast Family is going to take away from today’s SERIES HIGHLIGHT conversation. I sat down with @Larry D. West III, Founder of Precision Business Strategies and he and I dove deep into some topics that no one has ever talked about on the show. Make sure that you have your pen and paper (I said it) handy for this one.
Billy Keels
CEO and Founder FGCP

Subscribe to the podcast

( To see the Video Version of today’s conversation just CLICK HERE. )

Going Long Podcast SERIES HIGHLIGHT Episode 357 Precision Business Strategies to Develop Accurate Financial Insights

In the conversation with today’s guest, Larry D West III, you’ll learn the following:

 

  • [00:37 - 03:35] Show introduction with comments from Billy.
  • [03:35 - 07:30] Guest introduction and first questions.
  • [07:30 - 16:13] The backstory and decisions made that led Larry to this point in his journey.
  • [16:13 - 23:56] Larry explains the reality of exactly how the amount of tax you pay can be reduced in conjunction with Real Asset investing , and how your passive  income streams play into that. 
  • [23:56 - 30:37] Larry breaks down the aspects of passive losses and income generators in relation to your investments.
  • [30:37 - 33:52] Broad questions you can ask in the workplace / by the water-cooler with colleagues, to help you work out if what they are saying is legit or just ‘talk’.
  • [33:52 - 37:32] What a Fractional CFO does, and how they can help you as an investor.
  • [37:32 - 40:48] Any differences and limitations with regards to each person in a partnership where one spouse is a Real Estate Professional and the other is not.

 

Here’s what Larry shared with us during today’s conversation: 

 

  • Where in the world Larry is based currently: Frisco, Texas.
  • The most positive thing to happen in the past 24 hours: Getting to spend some quality family time with his 2 boys just before bedtime while staying away from home at a hotel! 
  • Favourite European city: Paris, France.
  • A mistake that Larry would like you to learn from so that you don’t have to pay full price: Take a step back and spend some time to work out exactly who you really are, and then go forward with your life doing the things that really fit with that truth.
  • Book Recommendation: The Growth Gears, by Art Saxby and Pete Hayes  https://www.amazon.com/Growth-Gears-Market-Based-Framework-Business/dp/1599325896 

 

Be sure to reach out and connect with Larry D West III by using the info below:  

 

 

 

To see the Video Version of today’s conversation just CLICK HERE.

 

How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI  

 

Start taking action TODAY so that you can gain more Education and Control over your financial life.

 

Be sure to connect with Billy!  He’s made it easy for you to do…Just go to any of these sites:

 

 

Episode Transcript

Billy Keels
Strategic Advisor, Entrepreneur, and Investor
Billy is on a mission to share a roadmap and opportunities with other extremely busy, high-performing professionals on how to find freedom and live the life they desire. Listen in to learn how!
Guest speaker
Larry D. West III
Larry D. West III, founder of Precision Business Strategies, helps real estate investors and business owners like you develop timely and accurate financial insights to make better business decisions. Combining his deep technical expertise in tax and accounting strategy, with an uncanny ability to communicate even the most complex concepts into simple terms, Larry has established a history of consistently saving his clients’ money every year.

Interested in learning more about how to gain freedom over your own life?

Subscribe to my newsletter for additional resources.