“Passive income is the only way to build wealth. If you don’t have it, then you’re always trading labor hours for dollars, and you only have so many labor hours to trade.”
NuView Trust President, Jason DeBono, joins podcast host, Seth Bradley, on The Passive Income Attorney. Seth and Jason discuss the many benefits of a self-directed IRA, as well as giving many useful tips on how to get started.
HIGHLIGHTS:
0:00 – Intro and background on Jason and his company
2:45 – Seth asks what a self-directed IRA is and how it differs from a traditional IRA
4:54 – Jason explains why he thinks self-directed IRAs are becoming more popular
7:42 – The idea that tight syndication deals are small groups of wealthy people is going away with the help of the Job’s Act
11:14 – Seth asks what type of investments Jason’s clients are investing in
14:09 – Jason goes into detail on some of the tax benefits of self-directed IRA’s
18:44 – You don’t have all of the same tax advantages in self-directed IRA’s compared to direct cash investing
22:15 – There is not a one-size-fits-all approach
23:28 – Seth asks what the process looks like when Jason brings on a new client
29:52 – Many advisors do the right thing as Jason offers his own personal experience
33:05 – Jason talks about what some of his investments look like
36:41 – People think passive investing and real estate are different
38:15 – It’s time for the Freedom 4 – In an alternative universe without SDIRA’s or real estate, what would you be doing?
38:44 – What’s the best thing you do to keep your mind and body healthy?
39:45 – Where were you 5 years ago, and where will you be in 5 years?
41:46 – How has passive investing made your life better?
Click here to view: https://www.youtube.com/watch?v=km-8gwOLn5o
