Finding Your Golden Nuggets and Enjoying the Journey
Gary's Gulch
Your life has a powerful purpose and realizing that at the end, completing the journey is extremely important to you and all those you impact and leave to carry the torch when you're finished. Most of us don't know that purpose or why we encounter what we see as setbacks along the way. That's true for me, I get frustrated when my plan doesn't play out. My message to myself and Gary's Gulch today is that we're not playing out our plan, we're living out God's plan and recognizing that is key to a life of peace, abundance, joy and Agency. Highlights How problems escalate regardless of...
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Agency through Smart End of Year Tax Moves
Gary's Gulch
In this episode I discuss the actions you need to take in these last few weeks of the year if you want to prevent loss of your Agency through unnecessary tax payments. I give resources you can review to grow your financial Knowledge which brings Control over your resources and thus Agency. Have a listen and reach out to me if I can help you in these remaining weeks! Highlights Spend time reviewing previous podcasts and discussions on tax strategies. Shares a client's story about selling property in a cyclical market, exploring different tax strategies and considerations. The idea of...
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Phases and Potential Pitfalls of your Investment Rental Portfolio with Patrick Donohoe
Gary's Gulch
In this last of three episodes with Patrick Donohoe, CEO of Paradigm Life and my close friend, we discuss the path that most investors take in creating and growing their rental portfolio. We cover the common phases and potential pitfalls that you may encounter as you progress through life with your investment rental portfolio. What choices can you make to optimize your returns and chance for overall success? Listen in and find out! Links and Resources from this Episode Connect with Gary Pinkerton Connect with Patrick Donohoe Review, Subscribe and Share If you like what...
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Your Home is Not an Asset, Are you Sure?
Gary's Gulch
Robert Kiyosaki famously put in his book Rich Dad, Poor Dad that your home is a liability, not an asset. He did a great service for those families that struggle with consumption and not saving for retirement, he woke them up. The financially savvy though know better - in a world where fiat currency inflation is the rule, owning the hard asset that you live in is vital to long term wealth. I discuss this and many other aspects of home ownership with my close friend and CEO of Paradigm Life, Patrick Donohoe. Highlights Importance of having abundant liquidity and taking financial precautions...
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Rental Properties Always Beat Markets Long Term
Gary's Gulch
This episode is the tale of two families I know, both have strayed from tier 2, betting on themselves and their directly owned businesses and rentals, into the glitter of the market fairy tale. They were convinced to bet on a good story, not themselves and the assets they control. Come learn why that is always a sucker's bet. Highlights The speaker criticizes Certified Financial Planners (CFP) for not guaranteeing results despite presenting precise financial plans. The emphasis on self-reliance in financial planning is celebrated, suggesting it can lead to greater agency. The second...
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The Value of Owning Real Property: Part 1 with Patrick Donohoe
Gary's Gulch
I recently completed a 3-part series with my friend and mentor, Patrick Donohoe of Paradigm Life, on the value of directly owning rental real estate. It makes sense in all economic environments - Listen in and find out why! Highlights The concept of tier two assets and the importance of having direct control over your own real estate and businesses Importance of adapting to new economic environments rather than hoping for a return to previous ones How housing is a constant value-adding factor The importance of the overall portfolio maintaining cash flow, even if each individual...
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Thrive in Spite of High Interest Rates
Gary's Gulch
So many people have become frozen in the face of 7% rates, both in their business and their personal life. They've put life on hold, growth of their agency on hold because they are fearful of rates. It doesn't have to be that way! Listen in, gain perspective and get out there and thrive - Grow your Agency! Highlights Consequences and impact of high variable interest rates Why you should keep moving forward regardless of interest rates Importance of planning for the future along with current investments Importance of positively cash flowing rental properties to provide stability to one's...
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Live your Unique life of Fulfillment
Gary's Gulch
I describe my incredible experience attending an Impact Others event at a child feeding center in Mexico with Eddie Wilson and a small group of entrepreneurs. One particular story of a woman achieving her unique genius and living a life of fulfillment in service to others was truly inspiring and serves as a model for all of us. Links and Resources from this Episode Connect with Gary Pinkerton Review, Subscribe and Share If you like what you hear please leave a review Make sure you’re subscribed to the podcast so you get the latest episodes.
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Are Honesty & Optimism Investing Weaknesses?
Gary's Gulch
I had a very successful and experienced colleague tell me "Honest people are almost as much at risk of being taken in an investment or business scam as naive people. They optimistically assume others are like them; pessimists, critics do the same and it protects them." Is this true? Listen in for my take on this fascinating and very important comment. Episode Highlights The risks of being an overly genuine person in business and investment Sharing his perspective on taking risks in life, considering it as an essential aspect of making life worth living Personal lesson of avoiding people...
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Strategy and New Tech with Patrick Donohoe
Gary's Gulch
I took a few minutes with the CEO of Paradigm Life and my mentor, Patrick Donohoe, during a packed week of working with business owners at the Money Is Mastermind in FL to discuss new features we've released for our clients to help them grow the Agency and achieve their financial dreams. Who’s the Guest? Patrick Donohoe founded Paradigm Life in 2007 and, like many during the 2008-2009 financial crisis, learned firsthand about the unpredictability of the business environment and economy. That period tested him but also shaped him. Amidst the struggle, he worked tirelessly, providing...
info_outlineHappy Thanksgiving!
Do you believe that in order to take advantage of the best opportunities, planning your tax ahead is a must?
In today’s episode, Gary Pinkerton welcomes Dave Zook to talk about his background in taxes and how it has helped him understand how to best help his clients. He explains that it is important to know who you are working with and to make sure that your interests are aligned.
Together, they discuss why you need to know the mindset and focus of the fund sponsor when investing in Tier 3 syndications. They also speak about the basics of the tax treatment of different investments and what Dave's investors are focusing on to close out 2022.
Highlights
- What Gary is up to
- The different types of income and how they can be offset
- Importance of aligning your priorities with your syndicate
- Working with a tax professional in 2022
- How Dave and Gary met
- The power of leverage in business and investing
- Starting his first syndication for real estate investors
- Making passive investments in building wealth
- Benefits of advanced tax planning
- Different types of syndication tools for tax efficiency
- Incentives for investing in the energy sector
- Types of real estate investments
Links and Resources from this Episode - Connect with Gary Pinkerton
- https://www.paradigmlife.net/
- [email protected]
- https://garypinkerton.com/
- Connect with Dave Zook
- https://www.therealassetinvestor.com/about
- https://www.linkedin.com/in/dave-zook-63765a15
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