42: Real Estate Tax Strategy, Writing New York Times Best Selling Books, and Building a Virtual Accounting Firm with Diane Kennedy
Podcast: The Maverick Show with Matt BowlesRating: Explicit Published On: Mon Jul 22 2019
Description: Diane Kennedy shares her path to becoming a CPA, becoming Robert Kiyosaki’s tax advisor, and publishing one of the first books in his Rich Dad Advisors series. ____________________________________ Subscribe to The Maverick Show’s Monday Minute Newsletter where I email you 3 short items of value to start each week that you can consume in 60 seconds (all personal recommendations like the latest travel gear I'm using, my favorite destinations, discounts for special events, etc.). Follow The Maverick Show on Instagram ____________________________________ She talks about her writing process, the key to publishing New York Times best sellers, how the publishing industry has changed, and why she does independent publishing now. She also talks about her entrepreneurial journey, how she built and grew her accounting practice, and how she transitioned to a location independent infrastructure. Diane then explains the tax advantages of buying and holding residential investment property. She talks explains ‘deprecation’, ‘accelerated depreciation’, ‘1031 exchanges’, and the ‘real estate professional’ status, and shows why real estate is the most tax-advantaged asset class in the U.S.. She then explains the tax benefits of being a business owners, and how quick and easy it is for anyone to start a business on the side and start taking the tax deductions immediately. Diane also talks about her world travel and the way she designs her lifestyle, having been to 40 countries. She explains the Foreign Earned Income Exclusion, and how American’s who qualify can shelter over USD $109,000 of earned income per year while traveling the world and running their businesses remotely. Diane also talks about the dynamics of doing business with her husband Richard, and shares her approach to parenting, including how she adopted and raised her son David who has now also become a business owner. FULL SHOW NOTES AND DIRECT LINKS TO EVERYTHING DISCUSSED IS AVAILABLE HERE. ____________________________________ See my Top 10 Apps For Digital Nomads See my Top 10 Books For Digital Nomads See my 7 Keys For Building A Remote Business (Even in a space that’s not traditionally virtual) Watch my Video Training on Stylish Minimalist Packing so you can join #TeamCarryOn See the Travel Gear I Use and Recommend See How I Produce The Maverick Show Podcast (The equipment, services & vendors I use) ____________________________________ ENJOYING THE SHOW? Please Leave a Rating and Review. It really helps the show and I read each one personally. You Can Buy Me a Coffee. Espressos help me produce significantly better podcast episodes! :)
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