Rob’s Words Of Wisdom

Search

11
Jul, 2024

Your Mind Is A Fertile Garden! Positive Thoughts For Results

 

Did you know that each of us thinks between 60,000 and 80,000 thoughts per day? And that 75% of those thoughts are negative? How can property investors change their negative thoughts to positive thoughts for results and become successful?

Positive Thoughts For Results

Positive Thoughts lead to positive results in life and business

Rob Rowsell’s real estate success coach Trevor McGregor has a theory that all of us live with “ANTS”, which stands for Automatic Negative Thoughts. You must stand guard at the door of your own mind. Do not let just any negative thoughts inside of there! Here is a crucial formula to examine in order to exchange negative for positive thoughts:

T – Thought
F – Feeling
E – Emotion
M – Motivation
A – Action
R – Result

These are every step we make in order, from thoughts to results. We start with the thought, a germ of an idea that sparks an instant, simple feeling about it. Then, more complex emotions erupt in our minds. Next, those emotions grow into definitive, opaque motivations. Those motivations then drive us to actions, and as we all know, actions will cause results.

If we reverse that acronym TFEMAR to RAMEFT, we can then reengineer our thought process. Start with the result in mind, then move to the thought that will get you to your end result. Most of the time, when disastrous results happen, we started with the seed of negative thoughts. When you change to starting with positive thoughts, it will improve your results each and every time.

Join Our Real Estate Investing Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

4
Jul, 2024

Tony Robbins’ 6 Human Needs Explained (Personal Growth)

 

Rob’s personal coach Trevor McGregor details the Six Human Needs that author Tony Robbins preaches in this clip from the ATL Community Gathering. These needs are outlined below, and they are essential for your personal growth:

  1. Certainty – Do you have faith in God, and know you’re in the right place and time in life?
  2. Uncertainty / Variety – We need diverse interests and activities
  3. Significance – Feeling of importance
  4. Connection and Love – Connecting with others and giving/receiving love from others
  5. Growth – If you aren’t growing, you are dying! Get in community to start growing
  6. Contribution – Giving of your time, talent, and treasure to give back to others.

The six human needs demonstrated by a happy family - parents and kids personal growthThese needs are often interdependent of each other. They can also come from different sources in our lives. Which of these needs do you need more of in your own life?

Six Human Needs For Personal Growth Explained

Four Primary Needs for Personal Growth

Certainty

We all need to feel certain that we are safe, and we will be okay. This could mean your own personal faith. When you are content in knowing the most important fact in your life is true, you are free to branch out into other ventures that fulfill you. To readers of this blog, that probably means investing in real estate or starting a new business venture. How certain are you that God has His hand on you from 1-10? Do you walk in faith?

Uncertainty and Variety

If we did the same exact routine every day, then we would get bored. Furthermore, we would grow stale in our personal growth and fulfillment. We need an element of uncertainty and variety in our life. Trevor cited the real estate investment game as full of this kind of variety. However, hobbies such as sports and travel are better examples.

Significance – Essential For Personal Growth

We must find a way to feel significant. Many of us find our significance in our roles as spouses and parents. Our careers as property investors can also give us that feeling of importance. Find your place, so you can do whatever you are passionate about to the highest level you can.

Connection and Love

Perhaps most obvious of all is our need for connection to others. Every human needs to give and receive love from others in order to feel like life is worth living. Whether it is your relationship with friends and loved ones, tenants, or the Lord, being disconnected can really drag us down. When we live a life of gratitude and prioritize those connections, we can really bloom.

Needs of the Spirit

Growth

Rob often reminds us that if a plant isn’t growing, it is dying. Similarly, if we become stagnant in our own personal growth, it will hurt us. When we join a community, it  helps us to grow. That could mean your local church, or even a professional group of peers such as the ATL Inner Circle Community.

Contribution

When we contribute to our own health and wealth, we gain the resources to help others. God put all of us here to help others. Whether it’s through giving money to charity or sharing our knowledge with others in the rental property business, contribution is important.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

27
Jun, 2024

Positive Mindset: Where Your Focus Goes, Your Energy Flows

Money, Health, Relationships. These are the three main concerns on each of our minds. Rob’s personal coach Trevor McGregor speaks on the mindset theory of negative energy versus positive energy. If we focus on what we do not want, then our energy is negative. Napoleon Hill speaks of an infinite intelligence. When you put your focus on what you DO want, then that deity is much more willing to grant your wish. Read on and watch along to learn about positive mindset theory and how it can help your real estate business ventures.

Positive Mindset Theory Introduced

The Law of Attraction is a variation of the Positive Mindset Theory Trevor starts off by explaining most people’s fixation on the negative. Specifically, we don’t want to be fat, broke, or lonely. Thus, our three main concerns being money, health, and relationships. Instead, in order to reach our goals, we must focus on the positive sides of these issues. We want to be healthy, wealthy, and happy in our relationships. Where focus goes, energy flows. All thoughts have a frequency, just like a radio. Focusing on what we don’t want our lives to be like will emit a negative frequency into the universe. Conversely, when we focus on how we want our lives to look, our minds emit positive frequencies. Tune your radio to the “music” you really want to hear.

In his book Think and Grow Rich, Napoleon Hill introduces his theory on infinite intelligence. Whether you believe in the God of the Bible, or another Spirit or Force controlling the universe, that infinite intelligence is listening. When you transmit those positive frequencies, that entity picks up on it. Trevor’s examples from his own life include his business needs that were met. Specifically, he received a real estate investor he needed for a project and a speaking engagement that increased his net worth and his network.

Trevor and his wife focused on the positive words kids should know in their children’s book. What started as a hobby became a huge success, because the authors believed so strongly in it. When they focused on positivity and the four S’s (state, story, standards, strategy), the book blew up beyond their wildest dreams and sold hundreds of thousands of copies.

Rob’s Take on Positive Mindset Theory

Rob chimed in, agreeing 100% with Trevor’s take on positive mindset theory. Success journeys aren’t often a straight line up. Rather, they comprise a series of peaks and valleys. However, he has seen and experienced the power of positivity for himself. The valleys don’t seem so low, and the peaks are much more satisfying when you think positive thoughts along the way. For him, the valleys were much worse when he lost his focus on the positive.

Join Our Community

Do you own multi-family rental properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

21
Jun, 2024

Tax Writeoffs For Business Owners’ Discretionary Expenses

 

Millionaire property investor Rob Rowsell’s CPA explains how real estate investors can benefit from discretionary expense write-offs. These tax deductions are key to legally avoiding paying too much in taxes and fees. Pay close attention to this tax advice, and remember: Saved taxes is another income stream!

Discretionary Expense Write-Offs for Real Estate Investors and Tax Breaks for Multi-Family Property OwnersWhat Qualifies As Discretionary Expense Write-Offs?

Discretionary Expense Write-Offs can benefit Property Investors immensely. CPA Kevin Bassett starts the clip by explaining that deducting Owners’ Discretionary Expenses (ODE’s) is one of his favorite tax strategies. Others refer to it as Perks or Grateful Expenses.

Next, he presents his one page form on pre-taxing your lifestyle. When he starts working together with a new client, they fill out this form. The client does this in order to determine which of their expenses are deductible.

Kevin’s Top Six Discretionary Expense Write-Offs

  1. Company Vehicles and Work Trucks
  2. Home Office Space
  3. Home Internet Bills and Other Office Expenses
  4. The Augusta Rule (See Below)
  5. Shareholder Meetings
  6. Putting Your Spouse and Kids on Your Payroll

Regarding shareholder meetings, Kevin mentioned that this deduction is fairly straightforward if they are in US territories. Why not hold your shareholder meeting on the beach in Hawaii, since it’s tax deductible? Kevin recommends putting your spouse on payroll, in order to double your IRA deduction. Also, he pays his kids the IRA limit of $6,500 annually to work in the office. He invests the money in an account to meet everyday needs when they go to college. He also contributes to a 529 account for their tuition, and deposits into a pre-taxed Roth IRA for their retirement. The earlier you start investing, the more the interest will compound.

Kevin went on to expand on writing off your home office. When you invoke the Safe Harbor Rule, the IRS will not audit this deduction. Using this simplified deduction, you can write off $1500 on your home office space. This is based on $5 x 300 square feet. Benefits include no depreciation recapture (no gains when you sell your home on that 300 square feet), and no need for you to itemize. Let’s say you have two businesses in your home, each in a different room. For example, you and your spouse both work from home. You may be able to write off both home offices. Check with your CPA to confirm this.

The Augusta Rule

If you work from home, the IRS allows you to rent your home out for up to 14 days tax free. Your S-Corp (not an LLC) can pay a rental fee to use your home office for meetings, and you may deduct that amount. The amount you charge can be a fair market rate based on hotels and AirBNB properties in your area. Many companies will use the Augusta Rule by hosting quarterly meetings and their annual Christmas party in home.

Finally, Kevin reminds us to be thorough when listing our companies’ discretionary expense write-offs. However, don’t be greedy. After all, pigs get slaughtered.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

14
Jun, 2024

Huge Investment Tax Breaks! Real Estate Cost Segregation

 

Real Estate Cost Segregation is a write-off you MUST take advantage of! A skilled property investment CPA explains how you can write off these key deductions for your multi-family investments. The magical concept of Bonus Depreciation makes it all possible. Don’t miss this crucial information on some huge investment tax breaks for real estate investors!

Tax Deductions of Cost Segregation and Depreciation on rental property - income stream for real estate investors and multi-family investments.Writing Off Real Estate Cost Segregation via Bonus Depreciation on Multi-Family Properties

In previous ATL Gathering video clips, CPA Kevin Bassett explained various deductions that we can take advantage of. As he wraps up this series, Kevin lists some bonus write-offs.

Specifically in this clip, he focuses on Cost Segregation. This real estate tax strategy allows property owners to identify and write off depreciation over a shorter period than the standard 39 years. These depreciable assets may include a portion of your HVAC system, plumbing pipes, electrical electrical, and building finishes.

The benefit of bonus depreciation will phase out completely in 2026, and it is gradually reducing annually. In 2022, it was a 100% deduction. As of this writing, a bill in the US Senate to cancel that decree is stalling. While the getting is good, real estate investors can still write off up to $1 million in property depreciation if their profits are high enough.

Join Our Multi-Family Properties Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up and join today!

Next Entries Previous Entries