7 Investments the Government Will Pay You to Make (Part 2) – Tom Wheelwright: Ep #418

You’ve probably heard a lot about diversification when it comes to investing, but there’s more to the story when it comes to making your money work best for your goals. In this episode, we’ll continue with the second part of my discussion with Tom Wheelwright, the CPA to Mr. Robert Kiyosaki. He has some incredible insight, tips, and ideas that help you ensure that you find the right fit when it comes to investing and tax planning.

We’ll be tackling whether or not you should diversify your investments—or if you should specialize as Warren Buffet does. You will also hear us discuss financial advocacy, how to best build a strong team around you that will take care of the areas you don’t have time to be an expert in, and what to do about the 87,000 new IRS auditors that are being unleashed as a result of the Inflation Reduction Act.

Minute Markers:

1:39 – Diversification or specialization?
3:15 – Where to start when seeking to better understand tax benefits.
6:05 – The benefit of working with your own money and how to perfect your investment strategy.
8:59 – Why investing is a team sport and how to work with advisors.
12:16 – What we can expect from the new IRS auditors and how you need to step up your game.
16:08 – How to deal with money exchanges of $600+ on money transfer platforms.

Featured on the Show:

Tom Wheelwright: Website | Facebook | LinkedIn | Twitter | Instagram
David Phelps: Website
The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make by Tom Wheelwright
Tax-Free Wealth: How To Build Massive Wealth By Permanently Reducing Your Taxes by Tom Wheelwright
Wealth Ability Show
Wealth Ability For CPAs Show
Robert Kiyosaki
Freedom Founders Discovery Call

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