In this episode I take a different approach and do a round robin update on multiple projects I’m working on, including tax returns, my Wealth For Real website and book, potential social media marketing client, and my Shopify store.

In this episode I tackle the concept of “buy, borrow, die” — the mechanism by which very wealthy people avoid paying any substantial tax (or any tax at all). I cover this in the context of recent discussions on tax proposals ahead of the 2020 Presidential election.

In this episode I discuss the coronavirus pandemic and its potential long-term effect on the US and global economy. I also go into some detail about the implications of being invested in the stock market during this period of time, with commentary on the dual aspect of the stock market that I like to call “hyper-liquid markets and herd mentality.” Also at the beginning of the episode I clarify one of the additional requirements in setting up and administering an S corporation: payroll.

In this episode I discuss some breaking news on candidate Joe Biden‘s universal care plan and the two real estate tax breaks that it targets for elimination in order to fund the $775 billion price tag.

In this episode I go into some detail about S corporation tax election status, the pros and cons, as well as other considerations and timelines to look out for.

In this episode I discuss my efforts to build the Wealth For Real website using the WordPress Divi theme. I go back to a little bit of history in terms of my experience developing websites using platforms such as Weebly, Wix, Squarespace and eventually settling upon the Divi theme.

In this episode I discuss the concept put forward by Nassim Taleb, author of The Black Swan, called the “triplet of opacity.” I walk through what the triplet is and relate it to the practical example of the stock market.

In this episode I discuss preparation of Form 1120S corporate tax return, and the balance sheet portion in particular. Also provide an update on Wealth For Real website, social media and affiliate signups.

In this episode I discuss the process of publishing my real estate book “Wealth For Real” to Amazon Kindle Direct Publishing. I also discuss launching social media accounts connected to the Wealth For Real concept. I finish up by talking a little bit about Nassim Taleb, author of “The Black Swan” and future discussions I plan to have about him and his teachings.

In this episode I recap my book launch from 26 June, as well as go over some of the sections that I need to go back and update. I also discuss thoughts for my website, which will encompass real estate and other areas of interest that I’ve been learning such as taxes, corporations, and debt. I also discuss at a high-level my thoughts on real estate and money lessons learned from Robert Kiyosaki, as well as lessons learned from Nassim Taleb about the stock market.