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Brian Boyd

๐Ÿ‘ค Speaker
469 total appearances

Appearances Over Time

Podcast Appearances

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And we were just walking through a field and we just started chatting about it.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And I was telling him how much I was working.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

He's like, look, you need to make money while you sleep so you can have more of a quality of life.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Right.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And so I ended up cashing out my retirement account.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I had a Seth at the time.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I cashed it out and I built a laundromat.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And, you know, the deductions I got in the first year, I wasn't even looking at it for the tax play.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

The deductions I got in the first year were incredible.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I was like, this is insane.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

I ended up selling it a year later for four times what I built it for.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Oh, my God.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

moved it over into real estate, and I just took off in real estate.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

But the deductions were incredible.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And people don't realize that there are recession-proof businesses.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

Laundromats are definitely recession-proof.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And I like to talk to people about, hey, get into a business that you know people are going to spend money on.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

They're going to regardless.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

And, you know, I like to break it down into two very simplified categories, pets and children.

Wake Up to Wealth
Maximize Wealth: Inside Tips from Tax Attorney Brian Boyd

There was no budget.