Financial Independence: A Better Perspective

Financial Independence: A Better Perspective

By Lance Edwards and Randy LuebkeBusiness
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Financial Independence: A Better Perspective episodes

  • Episode 8: The Amazing Benefits of Real Estate Depreciation
    In this episode of “Financial Independence – A Better Perspective”, Lance and Randy give an overview of the amazing benefits of depreciating real estate assets. Depreciation is almost like finding money on the street. It’s guaranteed income, and the IRS wants you to have it! You will definitely want to learn more about this under-appreciated income stream called “Depreciation.”
    31 min
  • Episode 7: Alternatives to the 1031 Exchange

    A 1031 Exchange allows capital gains taxes to be deferred when you sell income producing real estate. This powerful strategy protects your real estate investments from taxation and it allows you to grow your wealth faster and more efficiently.

    What happens, however, if you are not selling income property? What if you are selling your primary residence, vacation home, paintings, bitcoin, your business or some other highly appreciated asset? Normally, the gains realized from the sale of these assets create taxes that become due upon their sale.

    You may be wondering, are there alternatives to the 1031 exchange that will allow you to defer the taxes due on the sale of those other assets as well?

    The short answer is YES, and in this episode of “Financial Independence – A Better Perspective”, Lance and Randy discuss the benefits of utilizing the 1031 Exchange, as well as several alternative strategies that you likely never knew existed. 1031 Exchange is a swap of one investment property for another that allows capital gains taxes to be deferred. In this episode, Randy and Lance discuss the benefits of utilizing the 1031 Exchange, as well as the basic rules of the program.

    44 min
  • Episode 6: College: Is it worth it?

    In this episode, Randy and Lance discuss the various options available to college students and how to get the most bang for your buck. They review financial aid and financing, public vs. private universities, and the importance of the college experience. Additionally, they discuss the impact of COVID on the value of education today.

    25 min
  • Episode 5: What Is The Ideal Investment?

    In this episode, Lance and Randy discuss different viewpoints in finding the ideal investment. For Lance, the acronym I.D.E.A.L. works for real estate investing. Is the property: Income Generating? Does it have depreciation? Is there built-in equity? Does it have potential for appreciation? Is there leverage?

    34 min
  • Episode 2: Working at Home/Cybersecurity
    Lance and Randy discuss the current “stay and work at home” phenomenon and the changes in communication that are taking place. The other topic they delve into is cybersecurity, which is Randy’s area of expertise. He discussed the importance of encrypting your phone and having a good password or fingerprint reader. They also talk about the evils of such intrusions as Ransomware and how to combat it.
    38 min
  • Episode 1: Cash is King
    Lance Edwards and Randy Luebke lay out the purpose of their dual podcast series, where they will cover topics such as financial independence, real estate investing strategies, and unique perspectives that many might not be aware of. This episode addresses the economic impact of COVID-19. Lance says it’s a good time to acquire assets, while Randy explains why it’s important to have a minimum of six, nine or even 12 months of cash on hand to survive a crisis like this. They offer advice on how to budget if you don’t have cash reserves on hand.
    42 min

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Lance Edwards & Randy Luebke's Financial Independence: A Better Perspective podcast