Mar, 2023

5 Lanes (Hot and Cold) – ATL Financial Discussion Community

The ATL Financial Discussion Community talks about the five lanes we can travel in with our lives. Rob encouraged each investor to improve on one problem area of their lives since last month’s investment conference. Both Rob and Gary are here to encourage the investors in our groups to live fulfilled, balanced lives.

Investment Options Financial Discussion

Rob opened up this financial discussion with a review of the Five Lanes from the last call. Previously, each caller discussed how they rated their performance in each category. He reminded the ATL members that at the end of the day, he was there to help spark the change each of them needed.

Last month, the roundtable members admitted they needed to improve areas of social interaction, health, and community service. If nobody improves, these Zoom calls are all for naught. Rob truly believes that anyone can reach his level of success if they focus, work hard, and be patient.

The five lanes we previously discussed ranged from fast (hot) to slow (cold), based on what level of priority they were. Specifically, Rob mentioned their correlation to JR Covey’s Four Quadrants of Time Management. The individual issues members mentioned fall into the social concerns in Quadrant Two. This means that they are important, but not urgent. Therefore, it is easy to put off improving those areas. Immediately, you won’t tell a difference, but over time, they will cause problems if you do not work on them.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online financial discussion group, the Addicted To Life 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! Enroll today!

Feb, 2023

Sump Pump Analogy: Compound Wealth Investment and Security Accounts

Rob paints a picture of a wealth building sump pump. The sump pump moves your income from the tub into one of either two buckets. The first is called a security bucket, and it is a liquid account which you don’t touch. Second, the wealth operating system bucket will hold money which you can invest wisely in order to create compound wealth investment. This is a great way to look at your retirement investment strategy.

Do you use this strategy for your own retirement savings?

Retirement investment strategy explained – Security Bucket

When we plan our retirement investment strategy, we should first sit down with our spouse, if applicable, to explain the sump pump analogy. Then, we calculate the number that we need in order to live comfortably each month. Then, we determine how many months we need to set aside.

Once we have arrived at that number, we will begin funneling it into the Security Bucket, knowing that it is a liquid account. However, we will only touch that savings in a case of emergency until we can get back on our feet.

Wealth Operating System Bucket

Rob then outlined the second bucket in the sump pump retirement investment strategy. The Wealth Operating System is made up of wise investments. These investments will not break us if any of them don’t pan out. However, they should yield a great return on investment. We are seeking out opportunities that will earn compound interest. This is a great way to build wealth for our golden years.

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 Addicted To Life 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! Enroll today!

Feb, 2023

Best Tax Prep Tips from a Successful Entrepreneur

These may be the most important tax prep tips you will ever hear! When you have multiple investments like Rob, including rental properties and businesses in different states, it is so important to meet with your CPA regularly. Rob recommends a service which allows him to meet with his accountant monthly to discuss taxes, investments, and expenses.

Rob’s Best Tax Prep Tips

You may not like hearing this, but tax season is not just a once per year occurrence. Rob recommends meeting with your CPA at minimum in July and October, as well as in the Spring season.

Things move very fast in Rob’s business pursuits. If he waited until the end of the year to begin tax preparation, he would not remember all the details behind each endeavor. This drives his wife Claudia nuts!

While going through the process of selling their auto repair shops, they were in the midst of moving. They were also buying multiple rental properties in different states at the time! You can see why meeting with their CPA throughout the year would help.

Rob’s CPA offers a monthly meeting option called a CFO program. When they meet each month, they project Rob’s income from his various ventures. They also estimate what he expects to owe at tax time. The most important of Rob’s tax prep tips boils down to this: Stay informed throughout the year, so you a large tax bill doesn’t surprise you next April!

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