I Can Plank For 10 Minutes
I started a new type of streak this year. Instead of just setting a fixed goal of doing something forever at a certain rate, I decided to try to accomplish a goal by the end of…
What Should You Actually Do to Lower Income?
This is the final part of the series. So far, we've covered how income is taxed, how business losses work, and how real estate can create massive tax advantages. But now comes the hard part: deciding…
Using Real Estate & REP Status to Your Advantage
This is the real estate deep dive. My last post explained how businesses can generate active losses to offset IRA distributions and wages, this post explains how real estate can do the same thing, and in…
Using Business Loss to Your Advantage
I recently dove into how to offset income. Now, I want to dive deeper into how starting a business can help you in this process. Why Business Losses Matter Business losses reduce active income. That matters…
Offsetting Income Tax
Everyone likes making money, but there are different types of income you can receive. Active, or ordinary, income is what most people experience. Getting money from working a job. This can also include interest income or…