Carter Cofield

And that's literally the pursuit of income going from $50,000 to $75,000. That is why he's buying the yacht. So he purchased the yacht and he ended up selling like 10 tickets to that new mastermind immediately. So that's $750,000 of income. And he takes his clients out on a boat every single month, has the log.

And that's literally the pursuit of income going from $50,000 to $75,000. That is why he's buying the yacht. So he purchased the yacht and he ended up selling like 10 tickets to that new mastermind immediately. So that's $750,000 of income. And he takes his clients out on a boat every single month, has the log.

And now he's able to write off a portion of that yacht and all the expenses that come with it. So that was a million plus dollar tax deduction for him getting that yacht.

And now he's able to write off a portion of that yacht and all the expenses that come with it. So that was a million plus dollar tax deduction for him getting that yacht.

And now he's able to write off a portion of that yacht and all the expenses that come with it. So that was a million plus dollar tax deduction for him getting that yacht.

let our clients know that's in that price range is that you know spending money for deductions is okay but investing money to get deduction is even better so uh we tell them the more you invest the less you pay the ir yeah so setting up some some specific self-directed retirement plans solo 401k is my favorite if you don't have any full-time employees in your business

let our clients know that's in that price range is that you know spending money for deductions is okay but investing money to get deduction is even better so uh we tell them the more you invest the less you pay the ir yeah so setting up some some specific self-directed retirement plans solo 401k is my favorite if you don't have any full-time employees in your business

let our clients know that's in that price range is that you know spending money for deductions is okay but investing money to get deduction is even better so uh we tell them the more you invest the less you pay the ir yeah so setting up some some specific self-directed retirement plans solo 401k is my favorite if you don't have any full-time employees in your business

you can put up to $69,000 and you can invest that money and you will get a $69,000 tax deduction for doing so. You bring your spouse into the business, it doubles. Now you get $138,000 tax deduction for investing $138,000. If you don't like the stock market, cool, we can do a self-directed version. Now we can invest in crypto. Now we can buy other businesses. Now we can do whatever we want.

you can put up to $69,000 and you can invest that money and you will get a $69,000 tax deduction for doing so. You bring your spouse into the business, it doubles. Now you get $138,000 tax deduction for investing $138,000. If you don't like the stock market, cool, we can do a self-directed version. Now we can invest in crypto. Now we can buy other businesses. Now we can do whatever we want.

you can put up to $69,000 and you can invest that money and you will get a $69,000 tax deduction for doing so. You bring your spouse into the business, it doubles. Now you get $138,000 tax deduction for investing $138,000. If you don't like the stock market, cool, we can do a self-directed version. Now we can invest in crypto. Now we can buy other businesses. Now we can do whatever we want.

That's how Peter says it.

That's how Peter says it.

That's how Peter says it.

Yeah, so that's a self-directed solo 401k strategy. Another strategy that I think is big in today's space is a lot of companies, especially in the consulting and coaching space, they need to have some type of media to their company if they want to grow. So this strategy is called the self-rental strategy. We did this for our company.

Yeah, so that's a self-directed solo 401k strategy. Another strategy that I think is big in today's space is a lot of companies, especially in the consulting and coaching space, they need to have some type of media to their company if they want to grow. So this strategy is called the self-rental strategy. We did this for our company.

Yeah, so that's a self-directed solo 401k strategy. Another strategy that I think is big in today's space is a lot of companies, especially in the consulting and coaching space, they need to have some type of media to their company if they want to grow. So this strategy is called the self-rental strategy. We did this for our company.

If you were to purchase a building, let's say it costs a million dollars. I'm using that for math purposes. And we bought a building to turn into a content studio. And then we lease that building to our business. It's called the self-rental strategy. We can do a cost segregation study and write off 30% of the value of the building in year one.

If you were to purchase a building, let's say it costs a million dollars. I'm using that for math purposes. And we bought a building to turn into a content studio. And then we lease that building to our business. It's called the self-rental strategy. We can do a cost segregation study and write off 30% of the value of the building in year one.

If you were to purchase a building, let's say it costs a million dollars. I'm using that for math purposes. And we bought a building to turn into a content studio. And then we lease that building to our business. It's called the self-rental strategy. We can do a cost segregation study and write off 30% of the value of the building in year one.