Want to virtually guarantee your 16 year old will have $1M by the time they turn 67?
Does that sound crazy?
Not with the power of compound interest.
This is a slice of a clip from my 1 hr long interview with Shahar Plinner of Formations Corp where we talked about tax saving strategies for Realtors.
See the example below:
In this example, there was an initial $20,000 funding the account. With no additional investment, the investment would be worth $1,077,563.66 after 50 years assuming an 8% annual rate. The best part of this is that they will be able to pull funds from the account tax free as well.
By just planning ahead you will be creating wealth out of thin air!
Want to watch the full webinar? Click the link below to get free access to our 2020 Webinar course where we post all of our previously recorded webinars, including this one!
For more information on Shahar Plinner and Formations, go to formationscorp.com.
We are SUPER excited to announce that we have filled our first High Performance Mastermind Group which will be launching on Sept 16th! For those of you who are interested in High Performance Coaching and want to get super focused on raising your game both personally AND professionally, please click on the link below to fill out our strategy questionnaire, then schedule a FREE introductory coaching session with Nate Short (Certified High Performance Coach and 20 Yr Veteran Realtor®.
How many times do you sit down to get work done and find yourself "working" and yet getting little completed?
Do you set aside big chunks of time to get work done, only to end up feeling like you've barely made a dent in it? Do you have that one task that always seems to get pushed off to the next day? Do you end your workday feeling drained rather than satisfied with what you've accomplished?
This is a sign that you aren't taking enough breaks -- or aren't taking them effectively. We prize this idea of being busy, and see taking a break or getting distracted as a problem.
In reality, rest and relaxation are tools our bodies and minds are trying desperately to get us to use.
Most of us are aware that taking breaks from physical activity is necessary to recuperate and prevent injuries. Taking breaks in our mental work is equally helpful, and can be a great boost to our productivity as well.
Most of us know how important a consistent morning routine is when it comes to creating a high performance business and life, yet most people do struggle to consistently prioritize and focus on the most important things (to us). In this video, I will discuss how we use the High Performance Planner to help our clients weed out all the distractions we are constantly faced with when it comes to managing our day, our week, our month, and our year. If I were to give you just one thing to do every day that would dramatically change your life for the better, I would tell you to fill out your HPX Planner. Want to change your life? Want better results in your business, and your personal life? Then watch this video!
This game-changing planner is based on the world's largest study of high performers and how they increase productivity, set goals,...
In How to Win Friends and Influence People, Dale Carnegie has his famous fourth principle: “Become genuinely interested in people.” And one way he did that was by remembering everyone’s birthday. Carnegie famously kept a birthday book where he wrote down people’s birthdays, and when their day came he would send them a telegram or a letter.
“What a hit I made!” he declared. “I was frequently the only person on earth who remembered.” Remembering your client’s birthday is a great way to show that you are interested in them.
But we get it. It’s impossible to remember everything. If you have been in business awhile, you probably have hundreds of birthdays to remember let alone for your close family members, and other people that support your business.
And on top of all that you have to pick up your son from the mall, drop your daughter off at her friend’s house, and go grocery shopping before dinner. Wait,...
This post is from a previously recorded webinar with Shahar Plinner of Formations Corp. In this webinar he talked about strategies you can take as a Realtor to save thousands on taxes each year. Also discussed was everything you need to know about the CARES act.
If you feel like you have been paying too much in taxes each year, or if you are confused about the intricacies of the CARES act, you won't want to miss this! See the show notes below for topics and timestamps.
0:00 - Nate Short Introduction to the webinar
1:28 - What is Run Your Business Like A Business?
3:18 - Shahar Plinner of Formations Corp introduction
4:45 - Shahar Plinner begins his presentation on the 5 pillars of tax and accounting
6:31 - What are people saying about taxes?
9:03 - Tax Planning (The most important business foundation)
16:04 - The value of cash balance
21:08 - Compliance
24:13 - What is the best loophole?
26:13 - Investment and Retirement
27:12 - Why should you pay your kids?
One of the most important parts of running a business is making money. If you're spending more money at home then you are making in your business, you definitely have a problem on your hands. The reality of it is it will be nearly impossible for you to create a financial future for yourself if you keep spending more than you make. This all starts with the home budget.
The Home Budget
The home budget is split into 4 expense categories: recurring and essential (mortgage), recurring and non-essential (DirecTV) , non-recurring and essential (medical expenses), and non-recurring and non-essential (vacations). The first two buckets, the recurring expenses, are somewhat easy to budget for. You know how much they will be every month and you know when you will be billed for them. On the other hand, the non-recurring expenses are where people get in trouble. There is no way to budget for a medical emergency, but you must be ready for it. This is why we have the...
A productive day must start with a great morning routine, but it's hard to implement a morning routine if you aren't getting a good nights rest.
If you are one of the 40% of Americans who feel that your lack of sleep is affecting your overall performance in how you show up at work and in your personal life, consider following this simple method for improving your ability to get the required 7-8 hours of sleep that everyone needs to perform at their best!
Set a consistent time to get to bed every night, then...
Be sure to finish eating your big meals and drinking any alcohol at least three hours before bed. Doing this will help you sleep without interruptions throughout the night.
Stop doing all work-related things two hours before you go to bed. Don't check email, read a report, make a phone call, anything. This will help...