The 3 Step Formula To GUARANTEE A Passive Income Empire

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  • Опубліковано 11 бер 2024
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    00:43 - Building a Passive Income Empire
    03:12 - The Role of a Side Hustle or Small Business
    06:27 - The Importance of Real Estate in Wealth Accumulation
    09:58 - Diversification of Real Estate Investments
    14:12 - Understanding the Power of Retirement Accounts
    18:05 - The Benefits of Using Retirement Accounts for Investments
    21:22 - Closing Thoughts on Building a Passive Income Empire
    #passiveincome #businessideas #sidehustle #Taxes #avoidtaxes #paylesstaxes #wealth #tax #realestateinvestment #Markjkohler #KKOSLawyers #markjkohlerLIVE #Entrepreneur #rentalrealestate #taxplanning #smallbusiness #taxlaw
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КОМЕНТАРІ • 49

  • @tahirisaid2693
    @tahirisaid2693 Місяць тому +119

    Mark J. Kohler's videos are a treasure trove of invaluable insights and wisdom! His multifaceted expertise in tax, legal, and wealth management makes him a go-to resource for navigating the complexities of personal and small business finance. Mark's engaging delivery and practical advice have significantly enhanced my understanding of wealth-building strategies .

    • @chriswalter92
      @chriswalter92 Місяць тому

      Thanks so much. I was able to find her page and I already leave her a message!|

  • @pjricher
    @pjricher 2 місяці тому

    You guys are the greatest. Thanks for the great video!

  • @stevenreid_youtube
    @stevenreid_youtube 2 місяці тому

    The analogies about driving on the freeway and building a snowman really made these concepts easy to understand. It is crucial for individuals to utilize tax-efficient accounts like Roth IRAs for long-term wealth accumulation. Great job highlighting the importance of disciplined investing and strategic planning for a secure financial future!

  • @loucinci3922
    @loucinci3922 3 місяці тому

    Enjoyed the video. Thanks for sharing

  • @tjb8527
    @tjb8527 2 місяці тому +1

    Marrying into money is the ultimate side hustle! LOL. You guys are awesome. Love the information and the fun!

  • @ngaucha1
    @ngaucha1 3 місяці тому +1

    Awesome video!

  • @leadgenjay
    @leadgenjay 3 місяці тому

    Great insights.

  • @obie1coby
    @obie1coby 2 місяці тому

    I own 2 businesses and have 18 tenants. I completed my 3rd cost segregation this year to pay 0 in taxes again. In pretty versed in the financial world but this is one of the few channels I still get new ideas from

  • @helensitu5911
    @helensitu5911 3 місяці тому

    Live your video ❤️

  • @BarnabyBarry
    @BarnabyBarry 3 місяці тому

    Yes having a CALPERS pension -30 years-over 100K USD annual w COLA for life is another cool retirement strategy!

  • @SophiesWorld888
    @SophiesWorld888 3 місяці тому +1

    How you guys hedge the property management risks on rental?

  • @jennylee7247
    @jennylee7247 3 місяці тому +1

    Is there such thing as self-directed ROTH 401K? I know there is self-directed ROTH IRA. Thank you!

  • @ObscurelyTitled
    @ObscurelyTitled 3 місяці тому +1

    love your videos. strange thing is, I ran some of the common structures you espouse by a well known firm (ok one guy but still) and he said something like "we dont do those" in a tone that there was something covert

    • @kerrybaird739
      @kerrybaird739 3 місяці тому

      Me, too, at first. I found a KKOS vetted CPA and am trying him now.

  • @tl57345
    @tl57345 2 місяці тому

    “Ultimate Side Hustle” @3:06
    Very Funny Guys

  • @lostluv718
    @lostluv718 2 місяці тому +1

    Halfway through the video and I haven't heard anything about real passive income yet

  • @xpre333
    @xpre333 3 місяці тому +1

    I am a full charge bookkeeper. Does your course for tax advisor is good if I am not a tax preparer or CPA?

    • @MarkJKohler
      @MarkJKohler  3 місяці тому

      Hey there, yes! You do not have to be a tax advisor to take the Main Street Tax Pro Certification. Please schedule a FREE demo of the program with our team and they will be able to answer all of your questions! Book here today: markjkohler.as.me/schedule/ef0d99e4/appointment/57275361/calendar/any?appointmentTypeIds%5B%5D=57275361

  • @rachelrosencrants8775
    @rachelrosencrants8775 3 місяці тому

    Who wrote the book about improving the value of a property in small ways? I can’t seem to find the name.

    • @kerrybaird739
      @kerrybaird739 3 місяці тому

      BRRR Book Buy, Rehab, Rent, Repeat by Brandon Turner

  • @mikeb8887
    @mikeb8887 3 місяці тому

    Comments must be turned off...on your channel

  • @mikeb8887
    @mikeb8887 3 місяці тому

    I have started the process of setting up a triifecta. I have grown a small investment last year to over 100k now. I need help to keep most of it..

    • @harleysmith1857
      @harleysmith1857 2 місяці тому

      Hi how did you start please? How small can I begin ? Also, when you say trifecta, yoy mean?

  • @xpre333
    @xpre333 3 місяці тому +4

    I am already 59 and do not have any money saved for retirement. I don’t have a good credit or down payment to buy real estate. What ‘a the best way to start? I do have a s corp for my accounting and bookkeeping services but my own personal expenses use most of the income.

    • @lauriekline8655
      @lauriekline8655 3 місяці тому

      They discuss this in this episode if you listen to the whole thing. Owner financing or,subject to but not having good credit is an obstacle

    • @d.s.8733
      @d.s.8733 3 місяці тому

      Day trade Futures from a Prop firm, I use Apex! Top Step is perfect for learning how

    • @633ohioc
      @633ohioc 3 місяці тому +7

      If you are 59 and don't have any money saved for retirement it's to late for you. Plan on working into your 90s.

    • @cindyhardy7262
      @cindyhardy7262 3 місяці тому +4

      You could find resources on being a bird dog first. Just finding good properties for others to invest in and getting a decent payout for your service. There are plenty of opportunities in this world. Just keep digging. You'll find them. Godspeed and keep your chin up!

    • @harleysmith1857
      @harleysmith1857 2 місяці тому

      You are very misinformed!​@@633ohioc

  • @JF-st1zt
    @JF-st1zt 3 місяці тому

    😢What can a person do to minimize taxes if we think we might make money in this crypto bullrun...like soon????

  • @timessquarephotography
    @timessquarephotography 2 місяці тому

    Real Estate: START BUYING TAX LIENS FROM YOUR LOCAL COUNTY !!!!🎉

  • @jer3504
    @jer3504 3 місяці тому +3

    Mark Kohlers steps to becoming rich every time:
    1. Get into time machine and buy property in 1960's for 3.99$
    2. Help boomers destroy economy with social security/inflation/immigration
    3. Profit off passive income on properties
    4. Get confused at why todays youth are failing

    • @anthonyh2884
      @anthonyh2884 3 місяці тому +1

      5. Your ancestors had to have owned other humans! 😮😅

    • @-Jason-L
      @-Jason-L 3 місяці тому

      ​@@anthonyh2884well that would be a tiny minority

  • @mikeb8887
    @mikeb8887 3 місяці тому

    There is a quicker path to financial freedom,.. crypto