Every year around tax time there are always a few clients that make me really proud. When I see the smart money moves that they make I feel compelled to let the world know about those moves (of course confidentially). It’s a great feeling to see hard-working people of modest means creating a lifetime of…
How the IRS looks at your Real Estate Portfolio
I love preaching the gospel of real estate as a means of creating generational wealth because with home prices and interest rates this low, I believe that this opportunity will never happen again in our lifetime. I would bet everything on that fact. Ten years from now I am certain that you are probably going…
Generational Wealth Explored
If I were asked to name my great-grandfather, I wouldn’t have the slightest clue despite the fact that I am a member of Ancestry.com. I have tried honestly to find out but the fact is my great-grandfather didn’t leave a legacy. When most people think of generational wealth they think of the Rockefellers, Carnegies, or…
“How the Rich create Generational Wealth and Lessons you should learn”
As tax season comes to a head. Over 70% of Americans will file the standard deduction on his or her tax form 1040 this year. This means the vast majority of Americans are not in the most opportune position to create generational wealth. There are tremendous lessons for each of us to use and apply…
A. Donahue Baker | CPA 