Adam Torkildson

Yeah, and I love how all these principles, they apply in all aspects The aspects of a business, whether it's operations or marketing or fulfillment or whatever, insurance and taxes, they all have that app, that same application of set it and forget it. And I did want to touch. So the third area of tax savings, legally avoiding taxes, et cetera, is has to do with investments.

Yeah, and I love how all these principles, they apply in all aspects The aspects of a business, whether it's operations or marketing or fulfillment or whatever, insurance and taxes, they all have that app, that same application of set it and forget it. And I did want to touch. So the third area of tax savings, legally avoiding taxes, et cetera, is has to do with investments.

Yeah, and I love how all these principles, they apply in all aspects The aspects of a business, whether it's operations or marketing or fulfillment or whatever, insurance and taxes, they all have that app, that same application of set it and forget it. And I did want to touch. So the third area of tax savings, legally avoiding taxes, et cetera, is has to do with investments.

And I'm by no means an expert in investing. I've done about a dozen angel investments over the last 10 years. My very first one that I did, the company is still in existence. The very next one that I did went bankrupt about a year later. And so my own track record is by no means perfect. But I have learned over the course of the last decade my own investment thesis.

And I'm by no means an expert in investing. I've done about a dozen angel investments over the last 10 years. My very first one that I did, the company is still in existence. The very next one that I did went bankrupt about a year later. And so my own track record is by no means perfect. But I have learned over the course of the last decade my own investment thesis.

And I'm by no means an expert in investing. I've done about a dozen angel investments over the last 10 years. My very first one that I did, the company is still in existence. The very next one that I did went bankrupt about a year later. And so my own track record is by no means perfect. But I have learned over the course of the last decade my own investment thesis.

And if you don't know what that means, it's just my own rules around how I invest. And for me personally, my investment thesis is essentially, is there monthly cash flow involved? Am I going to be getting regular distributions, whether it's quarterly or monthly or even annually? That doesn't matter. But is there a cadence of cash flow I can count on?

And if you don't know what that means, it's just my own rules around how I invest. And for me personally, my investment thesis is essentially, is there monthly cash flow involved? Am I going to be getting regular distributions, whether it's quarterly or monthly or even annually? That doesn't matter. But is there a cadence of cash flow I can count on?

And if you don't know what that means, it's just my own rules around how I invest. And for me personally, my investment thesis is essentially, is there monthly cash flow involved? Am I going to be getting regular distributions, whether it's quarterly or monthly or even annually? That doesn't matter. But is there a cadence of cash flow I can count on?

Number two, is there a tax advantage to this particular investment? And I've done several that you would never think of. One of them was I financed a solar field in Bakersfield, California. And I was able to write off the entire amount of money I put into that. Plus, I got a 30% tax credit On top of that, so 100% of the money I spent building it, complete write-up.

Number two, is there a tax advantage to this particular investment? And I've done several that you would never think of. One of them was I financed a solar field in Bakersfield, California. And I was able to write off the entire amount of money I put into that. Plus, I got a 30% tax credit On top of that, so 100% of the money I spent building it, complete write-up.

Number two, is there a tax advantage to this particular investment? And I've done several that you would never think of. One of them was I financed a solar field in Bakersfield, California. And I was able to write off the entire amount of money I put into that. Plus, I got a 30% tax credit On top of that, so 100% of the money I spent building it, complete write-up.

I got another 30% because of the solar tax credit in California at the time. And I think it's still about the same. Each state kind of varies, but California has always been more advanced in their green, eco-friendly initiative, et cetera. And there are other states that... Nevada is another one that has had a lot of those traditionally, historically.

I got another 30% because of the solar tax credit in California at the time. And I think it's still about the same. Each state kind of varies, but California has always been more advanced in their green, eco-friendly initiative, et cetera. And there are other states that... Nevada is another one that has had a lot of those traditionally, historically.

I got another 30% because of the solar tax credit in California at the time. And I think it's still about the same. Each state kind of varies, but California has always been more advanced in their green, eco-friendly initiative, et cetera. And there are other states that... Nevada is another one that has had a lot of those traditionally, historically.

So if I can put money into something that's going to provide me monthly cash flow that I don't work for anymore, so whether I'm dead or alive, it's going to keep coming in. That's one of my major goals. Additionally, if there's a way for me to use that investment money as a write-off on my tax burden, then I feel like it's a huge win-win.

So if I can put money into something that's going to provide me monthly cash flow that I don't work for anymore, so whether I'm dead or alive, it's going to keep coming in. That's one of my major goals. Additionally, if there's a way for me to use that investment money as a write-off on my tax burden, then I feel like it's a huge win-win.

So if I can put money into something that's going to provide me monthly cash flow that I don't work for anymore, so whether I'm dead or alive, it's going to keep coming in. That's one of my major goals. Additionally, if there's a way for me to use that investment money as a write-off on my tax burden, then I feel like it's a huge win-win.

And I don't know exactly how to calculate the ROI on 130% tax advantage, but it just means that the money I've spent is essentially, I make it back in that first year, and then everything after that is pure profit. That's basically how I think of it. Is that a good way to think about that?

And I don't know exactly how to calculate the ROI on 130% tax advantage, but it just means that the money I've spent is essentially, I make it back in that first year, and then everything after that is pure profit. That's basically how I think of it. Is that a good way to think about that?