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Shannon Robnett: Why You Should Be A Student Of The Tax Code
In this episode, Jason, Scott, and Shannon discuss:
The difference between real estate and a job
How learning about tax affects your business
Being a student of the tax code
Key Takeaways:
The real estate career is a very satisfying, and tax-advantaged career that will allow you to have the kind of life that you want. A job is something that somebody’s agreed to pay you just enough to get you to give up on your dreams.
Tax should be the very first thing to talk about and not the very last. By doing that, you’ll be able to change your lifestyle from always looking for more work to then looking for additional opportunities to create passive income.
Accountants aren’t there to help plan your life, but to account for it. You’ve got to be a student of the tax code and get connected with people who are good at demystifying the tax code in order to be able to get the most out of your own money.
"I don't do all the structural calculations on my buildings, I hire a specialist for that. Do the same thing with your taxes. You can read a book on it to get a general understanding, but you really need to be using the specialists." — Shannon Robnett
About Shannon Robnett: Shannon has been in the real estate industry for 27 years. He has been involved from start to finish on over $250MM in construction projects covering the gamut from multi-family, professional office buildings to City halls, fire and police stations, schools, industrial and mini storage. As a developer with over 25 years of personal and hands-on development and construction experience, few in this industry are more dedicated to delivering numerous passive income streams to their syndicate partners. Along with my knowledgeable and dedicated team, we at Shannon Robnett Industries (SRI) create a second-to-none investor experience.
Connect with Shannon Robnett:
Website: https://shannonrobnett.com/
Email: [email protected]
Connect with Jason and Scott:
Website: https://henderxcapital.com/masteryourmillions
Twitter: @MasterYourMs
Facebook: https://www.facebook.com/groups/realestateinvestorsofutah
Instagram: @MasterYourMs
Email: [email protected], [email protected]
View all episodes
By Dr. Jason and Scott HendersonIn this episode, Jason, Scott, and Shannon discuss:
The difference between real estate and a job
How learning about tax affects your business
Being a student of the tax code
Key Takeaways:
The real estate career is a very satisfying, and tax-advantaged career that will allow you to have the kind of life that you want. A job is something that somebody’s agreed to pay you just enough to get you to give up on your dreams.
Tax should be the very first thing to talk about and not the very last. By doing that, you’ll be able to change your lifestyle from always looking for more work to then looking for additional opportunities to create passive income.
Accountants aren’t there to help plan your life, but to account for it. You’ve got to be a student of the tax code and get connected with people who are good at demystifying the tax code in order to be able to get the most out of your own money.
"I don't do all the structural calculations on my buildings, I hire a specialist for that. Do the same thing with your taxes. You can read a book on it to get a general understanding, but you really need to be using the specialists." — Shannon Robnett
About Shannon Robnett: Shannon has been in the real estate industry for 27 years. He has been involved from start to finish on over $250MM in construction projects covering the gamut from multi-family, professional office buildings to City halls, fire and police stations, schools, industrial and mini storage. As a developer with over 25 years of personal and hands-on development and construction experience, few in this industry are more dedicated to delivering numerous passive income streams to their syndicate partners. Along with my knowledgeable and dedicated team, we at Shannon Robnett Industries (SRI) create a second-to-none investor experience.
Connect with Shannon Robnett:
Website: https://shannonrobnett.com/
Email: [email protected]
Connect with Jason and Scott:
Website: https://henderxcapital.com/masteryourmillions
Twitter: @MasterYourMs
Facebook: https://www.facebook.com/groups/realestateinvestorsofutah
Instagram: @MasterYourMs
Email: [email protected], [email protected]