Rob’s Words Of Wisdom

24
Oct, 2024

10 Wealth Plays To Win The Money Game Forever

Need some advanced investing tips? Learn 10 ways to win at money FOREVER from successful multifamily real estate investor Rob Rowsell. Rob has learned from years of both good and bad choices how to properly invest his wealth and accrue passive residual income – the safest choice for a happy, healthy retirement.

Advanced Investing - Growing WealthAdvanced Investing Tips: 10 Winning Money Plays

Rob starts off this clip by explaining some of his best advanced investing tips. Specifically, he wants you to win the money game forever with these ten winning plays!

  1. Make the decision to be wealthy. Only you know what you’re capable of, and how motivated you are. Take inventory before deciding to grow wealth.
  2. Invest in yourself. Take time to increase both your earning ability and your financial sophistication level. Learn all you can about your Active Income job, as well as financial strategies that earn Passive and Horizontal Income.
  3. It’s not about income. It’s about surplus invested wisely over time. Remember this formula: Income – Expenses = Surplus.
  4. Harness Time. Compound interest is magic over time.
  5. Build an extraordinary company by:
    1. Intelligently investing Active Income
    2. Pay yourself tax efficiently
    3. Deliberately use Active Income to contribute to your Net Worth.
    4. Grow your company’s value. This unrealized gain is extremely tax efficient!
    5. Consider going intentionally Passive. This transitions your company into the ultimate PRI opportunity through Strategic Depth and succession plans.
  6. Bet on yourself. When you invest in your Advantages and not your weaknesses, you tilt the playing field in your favor.
  7. Avoid foolish capital losses! Trust your wealth plan. You do have one, right?
  8. Erect protective legal barriers and create sound succession plans. When storms strike, it’s too late to build your shelter, so be prepared.
  9. Build a solid wealth team! You wouldn’t run a company by yourself, so why run your Net Worth alone? Surround yourself with people more knowledgeable than you, from Financial Advisors to CPAs to Business Coaches. However, you must stay in charge at the end of the day and build Strategic Depth.
  10. Ultimately, wealth is a mental AND emotional game. To win, you must keep upgrading your Wealth Operating System.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!

17
Oct, 2024

Top 5 Expenses That Are DRAINING Your Wealth Bucket

These wealth draining expenses are essentially holes in your investing income bucket! Multifamily investing success Rob Rowsell advises how YOU can cut expenses and keep filling your wealth bucket!

Wealth Draining Expenses - Money Going Down the DrainFive Wealth Draining Expenses You Should Know About!

Rob lists his top five wealth draining expenses in this video. Here they are, in order:

Expense #1: Ignorance

This may be the easiest trap to fall into for investors. When you have succeeded in one field with minimal effort, you likely will become overconfident. Remember, just because other past endeavors came easy to you, that does not mean that multifamily real estate investing will. This path is a lifelong pursuit, and you will find it to be both complex and competitive.

Expense #2: Taxes

Next to ignorance, nothing can cost you more as an investor than taxes can. “Tax Drag” as Rob refers to it as, can really poke holes in your wealth bucket. Conversely, you can plug those holes legally with the help of your accountant. When you employ the strategies your CPA recommends, the money you save in taxes will count as a big income stream! Remember, the US government has placed many tax incentives in place for real estate investors. Maximizing your wealth depends on finding and employing those incentives.

More Wealth Draining Expenses – Expense #3: Vitality Number

How could your vitality number be one of these wealth draining expenses? If your vitality number (cost of living) is too large, you are flushing cash down the drain. Your parents told you to live within your means, but Rob says live within your values! The alternative is just vanity. Get out of the habit of spending too much today, so you will have a comfortable lifestyle after you retire.

Expense #4: Fee Drag

Accountants, financial advisors, and coaches are crucial to our wealth building journey. However, it is important to periodically audit their services. Are you paying your wealth strategy team too much in fees for what they bring to the table? Keep your eye on the ball, because what you are paying them in fees could be taking a huge chunk out of your wealth bucket. Rob’s tip: insist on meeting with your financial team members via your own Zoom account. Record every meeting, and make sure you integrate the Fireflies AI note taking service with your Zoom app. This way, every piece of advice they give you is both on video and in writing, saved in folders for you to review later.

Expense #5: Inflation

In today’s economy, inflation is on everyone’s minds. The cost of goods and services has gone through the roof lately. With that said, make sure you add 10% to your Vitality Number. Don’t get caught lacking when it’s time to cash out and retire, because this trend will likely continue.

Don’t Fall To Wealth Draining Expenses! Join Our Multifamily 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!

10
Oct, 2024

The 4 “C’s” Of Winning The Money Game

There are just 3 C’s (and 1 K) to winning the money game! It all centers around properly investing your active income. This is how you build wealth through compound interest. Do you want to build a continuous wealth building machine? Learn how successful multifamily real estate investor Rob Rowsell does it, straight from Rob himself!

Wealth Through Compound Interest Explained

Money Magnet - Wealth Through Compound InterestIn order to win the money game, focus on the 3 C’s (and 1 K) outlined below:

Create

When you start your wealth building journey, your focus is on Active Income. This usually means the money that you earn through working a W2 job. While you work, you need to focus on maximizing your personal earnings. Consult with your CPA to reduce your taxes (starting an LLC is a great first step), finding your side hustle, and control your own personal expenses. When you master your side hustle, that will create surplus cash that you can use to start investing.

Compound, aka Building Wealth Through Compound Interest

The act of compounding wealth consists of buying and building assets. Over time, investing in those assets will build your wealth through compound interest. This is what we call Passive Income, or money that we don’t earn through a job. Rather, we build our fortune through the  Focus on the “doubling clock”. The earlier you start this wealth clock in your life, the more you will double your assets over time.

Keep

The “K” in this series refers to the mental shift in keeping your money. This means moving from focusing on Active and Passive Income to relying more on Passive Residual Income (PRI), which many also call Horizontal Income. At this point in your wealth journey, you should start planning your exit. Have a clear vision of what your retirement phase of life looks like.

Contemplate

Lock in the win! It’s time to play it a little more safe with your investments. However, you still need to keep your eyes on your money. Stay engaged and stay relevant. Enjoy the “compound curve” and get ready to enjoy your golden years. Remember, billionaire financial wizard Warren Buffett amassed most of his fortune after the age of 68, and he had been investing most of his adult life!

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!

3
Oct, 2024

Wealth Buckets: Security vs. Wealth Operating System

 

Successful Multifamily Real Estate Investor Rob Rowsell explains two examples of the Wealth Buckets model. Let Rob teach you about the Wealth Operating System method of long term investing. When you invest wisely, then you will find long term financial security once your active earning years are done!

Wealth Operating System - Money MachineHow The Wealth Operating System Works

In this clip from our ATL Inner Circle Community Meeting, Rob describes that there are many potential money buckets you could use. Specifically, Rob focuses on using two different wealth buckets in this clip. One bucket specifically operates to save up an emergency fund. The other bucket is a Wealth Operating System, which is designed for your long term financial stability.

The Security Bucket Wealth Model Explained

When employing the Security Bucket Model, you base it on a two part formula. First, you calculate your vitality number. This number is based on typically based on ten months worth of your monthly expenses. You reach your comfort zone when you save up this number. Your mind should be at some ease knowing you have enough cash put away in case a major crisis occurs keeping you from earning active income.

How You Can Build And Operate Your Own Wealth Operating System Bucket

Next, Rob explains the Wealth Operating System, which is also called your Core Fund. This bucket exists as the base of your financial freedom. If you are younger, filling this bucket with potentially risky investments might be okay. When you are an older investor, you may not have much runway left to accrue interest on your money. Therefore, more conservative investments are in order. The first order of business to achieve freedom in your golden years? Invest in projects that will generate horizontal income that adds up to 1.3 to 1.5 times your vitality number. That formula equals financial freedom!

When you decide your own personal vitality and freedom numbers, factor in everything! This means transportation costs for trips, meals, taxes, and personal grooming. Only then can you get an accurate personal P&L on paper to work with.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!

26
Sep, 2024

4 Principles To Reduce Tax Drag

Successful Multifamily Real Estate Investor Rob Rowsell is here to explain the answer to a burning question. How can YOU can cut tax drag that is sapping the returns from your investment portfolio. Do you want to invest your money wisely? Then you need to take the time to reduce your tax expenses. That is a key component in any multifamily real estate investment strategy. Watch, learn, and then apply this knowledge. Then, you’ll start saving on your precious investment taxes!

Cut tax drag - it can be done if you do the math and calculate your investment expenses.Cut Tax Drag On Your Investments Safely And Legally

Rob starts out by explaining that there are a few major expenses that we all want to avoid as investors. Tax drag is way up there on top of that list. There are just four key ways that our favorite multifamily magnate Rob Rowsell recommends for all investors to cut tax drag:

Choose Structure Over Deduction

First of all, you must make sure that you will always pay yourself tax efficiently on payday. Do you earn a W2 income working for a business that you own? Then your CPA will tell you that you must pay yourself a typical salary range for that position. However, you will want to pay yourself based on the low end of that salary range. That way, you will pay much less in both your income and your payroll taxes. If you are a smart business owner, then you should be able to afford to live on that smaller salary amount.

This practice of paying one’s self tax efficiently is a key component of tax rate arbitrage. The concept of tax rate arbitrage means you use different types tax rates within your business in order to lower your overall tax bill.

Finally, you will need to make sure that you will plan your exit before you go in. This means that you will decide the proper legal entity for your business, such as an LLC, S-Corp, or C-Corp. None of these corporate entity designations are wrong in and of themselves. You must decide which one is the right choice for your specific industry and your intended  pursuits.

Cut Tax Drag By Investing All Of Your Taxes Efficiently

Without a shadow of a doubt, savvy tax planning is the lowest risk way for you to immediately boost your investment returns. Rob repeats this important mantra often: saving on your taxes will create another income stream! Rob has saved well over $250,000 in a single year, all because of his CPA’s savvy tax planning strategies.

Most of the time, you will want to put your long term capital growth investments in your taxable accounts. Your ordinary income cash flow investments, on the other hand, should all go in your tax advantaged accounts. A Roth IRA account is one example of such a tax advantaged account.

Last of all, in order to invest tax efficiently, you should leverage your unrealized gains so that they will compound tax free. Your unrealized gains might include the value of your property increasing after you purchase it. Perhaps you bought a business and then you increased the income that it is generating. You are not taxed on that business income. That way, you could take out some low interest loans from your lender against those numbers. You could use that money in order to scale your business, so you can realize even greater success!

Pay With Your Pre-Tax Dollars

Rob’s third principle to cut tax drag is that you should pay your expenses with your pre-tax dollars. What does that mean for all of us investors? Make sure that you will push all of your legitimate business expenses into your business. When you do that, then you will earn your business an automatic discount. Unlike your employees who are paid and then taxed, an LLC business owner can pay their expenses before they are taxed on their earned income.

Plan BEFORE You Play

Finally, you will need to plan what the tax impact will be of each and every potential investment that you intend on making. Once you reach Rob Rowsell’s high  level of real estate investment savvy, you might just know by June what you will pay in taxes at the end of the year! That is one of the many advantages of regularly consulting with an experienced, hard nosed CPA on your investment plans.

Just make sure that you meet with your CPA in order to plan your tax strategies regularly. Keep them in the loop as early in your planning process as possible. When your CPA knows all the machinations of your plans, they can stop you from making costly mistakes. Many plans can change when you are drawing up investment strategies. Whenever your plans take a left turn, call your accountant immediately, so you can make the necessary adjustments.

Join Our Multifamily Real Estate Investing Community

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you need to 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 your wealth in the multifamily real estate business. It’s not as easy as it looks from the outside! Property taxes, liens, and costly legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! So sign up today!

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