Palmy and Nancy Kitti are apartment syndication experts, entrepreneurs, real estate investors, and unshakeable optimists who are obsessed with all things passive income, tax saving, and living the life they love.

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Guest Resource

Jumpstart Apartments – Join the challenge! 5-Days of the Make Better Investments Challenge is starting on July 10th, 2023!

3 Value Bombs

1) One of the reasons you’re not rich is because you have been programmed your whole life to think there’s something wrong with getting rich quick.

2) Most people actually think tax laws are there to collect money from us. What they fail to realize is that most of the tax codes are actually an instruction guide on how to reduce taxes.

3) Wealth isn’t really measured in money. It’s measured in time.

Sponsors

HubSpot: Join us in Boston from September 5 – 8, 2023 for an event like no other! INBOUND brings together leaders across the business space including sales, marketing, customer success, and operations teams. Visit Inbound.com to get your ticket today!

Tidio: The highest-rated customer experience software on Shopify! Visit Tidio.com/fire and get an exclusive 20% discount!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: How You Can LEGALLY Pay Zero in Taxes Through Multifamily Apartment Investing

[1:31] – Nancy shares something that she believes about becoming successful that most people disagree with.

• We learned how to make great income, but we don’t know how to build wealth for ourselves. So all the money that we ever make either goes back to the business or to Uncle Sam.

[2:38] – Are death and taxes the only things that are guaranteed in life?

• Most people actually think tax laws are there to collect money from us. What they fail to realize is that most of the tax codes are actually an instruction guide on how to reduce taxes.
• You just have to know the game and learn how to create or invest in an asset class that produces cash flow for you even when you’re sleeping.

[4:28] – An easier and better way to save money.

• Plug the hole. If you’re not tax efficient, you’re working like six months of the year for the IRS.
• At least 40 to 50% of the people in the United States today are not prepared for retirement.

[7:06] – Using real estate to turbocharge our wealth.

• You need to look for an investment that will grow in value without a lot of your effort.
• Have an asymmetric risk profile, meaning high upside, low downside risk, and a combination of tax savings.
• As a passive investor, you make money through cash flow, mailbox, money appreciation, tax savings and capital preservation.

[8:26] – What is mailbox money?

• Mailbox money essentially means that you’re sitting back on your couch relaxing and all of a sudden you receive money

[9:48] – A timeout to thank our sponsors!

• HubSpot: Join us in Boston from September 5 – 8, 2023 for an event like no other! INBOUND brings together leaders across the business space including sales, marketing, customer success, and operations teams. Visit Inbound.com to get your ticket today!
• Tidio: The highest-rated customer experience software on Shopify! Visit Tidio.com/fire and get an exclusive 20% discount!

[11:45] – Striving to get rich quick.

• Wealth isn’t really measured in money. It’s measured in time.
• 86% of businesses in US do less than $100,000 a year in revenue.
• One of the reasons you’re not rich is because you have been programmed your whole life to think there’s something wrong with getting rich quick.

[15:15] – The most valuable leverage: other people’s time.

• Use your investment partners to help grow your investment.
• Maximize your time by allowing yourself to leverage other people’s time to grow even faster.

[18:11] – The Kitti sisters’ key take away and call to action.

• In order for us to be wealthy, we have to have time and financial freedom. You must learn how to disconnect your income generation from your time.
• People who are earning a lot of money are still feeling that burn out; they are still trading their time for money.
• Know the value of success in your life. It’s not always going to be measured in monetary value.
• Jumpstart Apartments – Join the challenge! 5-Days of the Make Better Investments Challenge is starting on July 10th, 2023!

[22:43] – Thank you to our Sponsor!

• HubSpot: Join us in Boston from September 5 – 8, 2023 for an event like no other! INBOUND brings together leaders across the business space including sales, marketing, customer success, and operations teams. Visit Inbound.com to get your ticket today!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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