Hidden Money Podcast
Hidden Money Podcast
Mike Pine and Kevin Schneider
In the Hidden Money podcast, you'll learn how you can legally use the tax code to your financial advantage. There’s wealth inside the tax code. Taxes aren’t the enemy. Most people hate taxes (and pay more than they should). But when you view taxes only as an evil expense, you miss out on legal ways to grow your wealth. Unlock the secrets to saving tax and building wealth with the Hidden Money Podcast! 🎧💰 Hosted by Mike Pine and Kevin Schneider.
Special Episode: The Tax Relief for American Families and Workers Act of 2024
To help you decode the new Tax Relief Act and understand it's benefit, we have setup a webinar on 6th February at 6pm CST.  Click here to register for the webinar. The unbelievable has happened! Congress passed a sensible bill with big tax benefits to American families and workers. Now, you don’t need to be biting your nails about whether you’re going to thrive or just survive in 2024. It doesn’t matter if everyone’s shouting ‘Recession!’ In this episode of the Hidden Money Podcast, join Mike Pine and Kevin Schneider, CPAs, as they unpack 2024’s Tax Relief for American Families and Workers Act to your financial benefit. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The Tax Relief for American Families and Workers Act proposed on January 16th, bringing positive changes to tax laws. The potential increase of bonus depreciation for two years, benefiting real estate investors and businesses. The significance of bonus depreciation in reducing taxes and stimulating the economy. The positive impact of the bill on research and development expenditures, allowing businesses to deduct them and making it retroactive to January 1st, 2023. Changes to the Child Tax Credit, including indexing it to inflation and making more of the credit refundable. The potential end of Employee Retention Tax Credit (ERTC) claims after January 30th, 2024. The broader economic outlook for the year, considering global recessions and challenges in various nations. Personal finance advice and examples, emphasizing the importance of emergency funds, budgeting, and taking inventory of financial strategies. A call for a proactive approach that rejects partisanship agenda to navigate the changing economic landscape and leverage potential opportunities. To help you decode the new Tax Relief Act and understand it's benefit, we have setup a webinar on 6th February at 6pm CST.  Click here to register for the webinar. Thank you for listening to us! Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Feb 1, 2024
29 min
Tax Credit Secrets for R&D, Non-Profits, Startups and More - Part 2 with Randy Crabtree
Business owners dislike losing money to taxes even more than they dislike filing the returns! Discover how to leverage a range of tax credits from R&D to renewable energy. Turn your tedious tax return filing into a sweet, legal portal gaining you 3X more benefit than deductions. In this episode of the Hidden Money Podcast, we continue to talk with Randy Crabtree of Tri-Merit Tax, whose expertise in tax credits may give you the tax-break you’ve been looking for. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The distinction between tax credits and deductions, emphasizing the significant advantage of tax credits in reducing taxes effectively. A detailed exploration of the Research and Development (R&D) tax credit, including the 4-part test for qualification. Real-world examples illustrating the broad applicability of the R&D tax credit beyond traditional high-tech sectors. Insights into the misconceptions around what constitutes technology in the context of R&D, with examples demonstrating that even non-high-tech businesses can qualify for the credit. Considerations for startups not yet making profit, regarding the R&D tax credit, with a focus on how it can offset payroll taxes. An overview of the substantial opportunities presented by the Renewable Energy Tax Credits. The user-friendly nature of renewable energy credits, with nonprofits being able to turn the credit into a tax payment, and for-profit businesses having the flexibility to offset Alternative Minimum Tax (AMT) or sell the credits. The interconnected opportunities arising from installing renewable energy, such as the potential for additional tax benefits like the Energy-Efficient Commercial Building Deduction Credit (179D) and the possibility of cost segregation studies. To Learn More If you are interested in exploring tax-credits in more detail for your business, reach out to Mike and Kevin in the link below. If you want to connect with Randy Crabtree, you can visit his website Specialty Tax Professionals | Tri-Merit and connect with his team on the Meet the Team page Meet The Team | Tri-Merit. You can also find him on LinkedIn and other social media platforms. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Jan 30, 2024
24 min
Employee Retention Credit has an IRS Warning: Find Out What - Part 1 with Randy Crabtree
Have you seen the IRS’ renewed warning ‘false claims generate compliance risk for people and businesses claiming credit improperly’? How do you avoid falling into this pitfall with Employee Retention Credit (ERC) and having to return the money to the government? How do you legally qualify for and leverage tax credits? In this episode of the Hidden Money Podcast, we talk with Randy Crabtree, tax-credit expert and founder of Tri-Merit Tax. Randy shares practical insights into ERC law and the IRS’ guiding red flags. His advice might just save you from falling prey to unrealistic claims and information on using tax credits from unqualified sources. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The significant impact of the Employee Retention Tax Credit (ERTC) during and after the COVID-19 pandemic. The prevalence of inaccurate claims and challenges arising from providers misleading companies about ERTC qualifications, and their consequences. Detailed qualifications for ERTC, including the calculation of a drop in revenue and the Safe Harbor rule. The confusion around the 10% rule for ERTC and the second qualification method involving government mandates. The announced moratorium by the IRS on processing new ERTC claims to address the backlog and inaccurate claims. The IRS's offer for companies to return ERTC funds with no questions asked, emphasizing specific conditions for eligibility. The historical context and purpose behind Congress’ balancing act, imposing challenges on businesses regarding R&D expenses. The complexities, recent changes and potential impact on businesses regarding the capitalization of Research & Development (R&D) expenses. To Learn More If you are interested in exploring tax-credits in more detail for your business, reach out to Mike and Kevin in the link below. If you want to connect with Randy Crabtree, you can visit his website Specialty Tax Professionals | Tri-Merit and connect with his team on the Meet the Team page Meet The Team | Tri-Merit. You can also find him on LinkedIn and other social media platforms. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Jan 16, 2024
20 min
2024 - Keep Your Money From the IRS Legally
2024 is here. Inflation is keeping it company. And the IRS will look to get what it needs. Can you trust governments and politicians to advise your financial future? How can you keep from losing your wealth in taxes to the IRS without breaking the law? Well, be of good cheer. It is possible to strategize your taxes in a way that leverages off inflation and the tax code to legally allow you to keep your hard earned money rather than lose it to the IRS. In this episode of the Hidden Money Podcast, it’s just Mike and Kevin. They share realistic views of 2024’s scenario, but they have encouragement as well as very practical advice and stories that can help you get your tax plan for 2024 up and running. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss A quick snapshot of 2024 tax changes and inflationary adjustments.and their impact on tax brackets and standard deductions. Considerations for itemized deductions and strategic tax planning. Practical tips on charitable giving, property taxes, and financial strategies. Strategies for optimizing estate planning and leveraging family limited partnerships. How to turn everyday business expenses into strategic advantages for tax deductions. Creative approaches to education savings accounts for children and transforming family vacations into legitimate business expenses. The significance of the portability election and gifting limits in estate planning for deaths. Insights into preserving high net worth estates and securing financial legacies by gifting. Actionable insights on being proactive, strategizing, and leveraging the tax code in consultation with financial experts. To Learn More You can reach out to Mike or Kevin on their website Pine and Company CPAs - Investment Tax Strategy | Ongoing Tax Monitoring | Tax Filing (pinecocpas.com) They would love to help you find the financial freedom you’re working hard for and deserve. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766Website - https://www.hiddenmoney.com/ #hiddenmoney #mikepine #kevinschneider #pinecocpas #tax #taxcode #irs #taxincentives #taxdeductions #taxfiling #cashflow #inflation #smallbusiness #entrepreneurs #entrepreneurship
Jan 2, 2024
18 min
How to Master the Art of Cashflow Forecasting - Part 2 with Mel Latu
Are you so in your business that you just aren’t able to do the necessary paperwork in time, especially bookkeeping (read ‘tedious’!)?  Or your business is such that your payment takes time to come in, but you have expenses to front without control over your cashflow. In the beginning, it looks like you can manage, but soon it feels like you’re running only to save yourself from falling, forget about planning for the future! What if there is a way to gain that sweet control over your cashflow and actually plan for profit because you know exactly what is coming in and going out? In this episode of the Hidden Money Podcast, we continue our conversation with Mel Latu, cashflow boss and bookkeeping guru, whose practical advice, strategy steps and real-life examples may just be that answer you need to gain control over your cashflow forecasting and profit building. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss Mel Latu's detailed strategies for mastering the art of cashflow management, including specific tactics for businesses of different sizes and sectors. Insights into the common challenges businesses face during the cash flow journey and practical advice on overcoming them. Real-world examples shared by Mel Latu on how turning vision into reality requires a deep understanding of the financial aspects of business growth. The importance of cash flow forecasting as a tool for making informed and strategic decisions, with Mel providing actionable steps. Exploring the secret of unlocking hidden profits through meticulous cash flow planning, with Mel offering personalized tips for businesses to maximize their financial potential. To Learn More If getting control over your bookkeeping and accounting cashflow is piquing your interest, you can visit Mel Latu’s website Boss Your Business | and explore the content. You can also reach out to her via the intake form there. She serves clients all over the US. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast YouTube: https://www.youtube.com/@HiddenMoneyPodcast LinkedIn: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen to our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Dec 19, 2023
28 min
Find Out How Cash-Flow Planning Transforms Your Business - Part 1 with Mel Latu
Ever had the thought that business bookkeeping is a necessary evil? You love the hustle, you enjoy planning and strategizing. You can even get out and do sales. But bookkeeping day is the Day of Judgement! What if you could see those bookkeeping details pull in dollar by sweet dollar? And what’s more, what if someone with the knowhow could set you up to do it easily? In this episode of the Hidden Money Podcast, we meet with Mel Latu, bookkeeping guru par excellence. Mel is the founder of B.O.S.S. (Back Office Support Services) and as the ‘The Cashflow Boss’, she is the best person to walk you through how to leverage your bookkeeping to give power to your tax-planning and rake in those dollars your business deserves. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The transformative power of effective bookkeeping in turning financial chaos into control. Leveraging powerful bookkeeping as a strategic tool for effective tax planning. Using Mel’s unique granular approach to writing accounts to maximise the power of tax-planning. The essential synergy between a good bookkeeper and a CPA for comprehensive financial success. Unveiling the direct impact of bookkeeping on tax planning and strategies to optimize both. The game-changing role of cash-flow planning in business transformation, fostering stability and expansion To Learn More If getting control over your bookkeeping and accounting cashflow is piquing your interest, you can visit Mel Latu’s website Boss Your Business | and explore the content. You can also reach out to her via the intake form there. She serves clients all over the US. To access the bonus tax content, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Dec 11, 2023
28 min
Can Simple Business Processes be Intellectual Property? - Gregory Treat
Have you been feeling that you aren’t getting the full worth of returns on the hard work you’ve put in to build your business?  Did you know your business has inherent intellectual property embedded in even its simple processes? How can you protect and leverage that intangible expertise that’s the game-changing value of your business process or product? In this age that is transiting from real estate and industry to intellectual property, you can be on the cutting edge by learning how to leverage even the ideas and experience behind your simple business processes! Come join us on this episode of the Hidden Money Podcast as we meet and talk with Gregory Treat, an attorney who loves to see families and businesses flourish. Greg has a wealth of knowledge and experience to tickle your interest in leveraging intellectual property. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss Gregory Treat's background and how he got into law. The importance of valuing intellectual property (IP) and the tax benefits associated with it. The distinction between goodwill and reputation versus intellectual property assets. Strategies for documenting and valuing intellectual property. The value of intellectual property in modern businesses, often surpassing the value of physical assets. The tax advantages of shifting from active income to passive income through intellectual property. The potential for significant tax savings for businesses by recognizing and leveraging their intellectual property and impact on tax bracket. The importance of working on the business, and how intellectual property can play a crucial role in that process. To Learn More If leveraging intellectual property interests you or you just want to explore it, reach out to Mike and Kevin at their website About Us - Pine and Company CPAs (pinecocpas.com) or Hidden Money Podcast to discuss it, and if it works for you, they’ll get Gregory Treat in and as a team, they’ll help you find that leverage you need. To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Nov 21, 2023
22 min
The Dangers of Delay: Asset Protection and Estate Planning - Elizabeth Tresp
Have you had cold chills worrying if something will hit your business and bring your hard work down?  Do worrying questions sometimes pop into your mind - Did I miss some important detail that will suck away my money? Will something unseen blindside my business? Or worse, what if someone tries to sue me? In these volatile and uncertain times, panic attacks have become more and more common for entrepreneurs. In this episode of The Hidden Money Podcast, we’ll ease your fears and bring you solutions by talking to legal expert on asset protection, Elizabeth Tresp of Tresp, Day & Associates, Inc. Elizabeth will help you truly understand the concealed threats behind neglecting asset protection and how to protect yourself and your business. Disclaimer: The content of this podcast is not legal advice and is meant for educational purposes only. In this episode, we discuss The critical role of irrevocable trusts in shielding your assets from legal vulnerabilities. Real-life stories of individuals who suffered significant financial losses due to neglecting asset protection.  Strategies for enhancing and diversifying your wealth portfolio through asset protection.  The intricacies of estate planning and how it can impact your legacy and heirs. Exclusive insights from Elizabeth Tresp on asset protection, including lesser-known tips.  Tailored legal advice for entrepreneurs, emphasizing the importance of custom solutions in asset protection. To Learn More You can reach out to Elizabeth Tresp on the website Tresp, Day & Associates, Inc - America's Leading Asset Protection Law Firm (trespday.com) via a contact form, call or email. You can email Elizabeth at [email protected] to get the help and advice you need for protecting your assets. You can also reach out on her other website Tresp Law, APC To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Nov 7, 2023
28 min
Do Faith, Risk and Debt Go Together? - Part 2 with Scott Florida
Can wealth and faith coexist? Have you been dreaming of financial blessing and freedom, but don’t know how to make it work even though you have the faith for it? Are you trying to get your head around ways to align your faith and your financial strategies to ensure both prosperity and purpose? If that’s you, then this podcast is for you. Join us on this second-part episode of The Hidden Money Podcast with Scott Florida of Common Grace Capital, on a deeply thought-provoking conversation. Unfold a path where faith and wealth not only coexist but flourish harmoniously, offering you what could be the key to your financial journey and breakthrough. Disclaimer: The content of this podcast is not legal advice, but is for educational purposes only. In this episode, we discuss Perspectives on debt, risk, and wealth management, including historical viewpoints from Martin Luther and John Calvin. The role of fixed-rate debt in protecting against currency devaluation and how it can align with Biblical principles. The significance of maintaining real estate investments through market downturns and providing stable housing options. The implications of the parable of the talents on entrepreneurship and investing, providing insights into the question of faith, risk and loss in financial decision-making. How taking calculated risks, seeking wise counsel, and managing investments can lead to financial growth. Insights on partnership tax structures and their relevance in real estate investments, shared by Kevin Schneider. Scott Florida's experiences and learnings in real estate syndication, emphasizing the need for education and expert guidance. Financial stewardship and understanding wealth as a tool for greater impact. To Learn More You can visit Scott’s website Common Grace Capital to explore syndication and Scott’s services, and if you click the tab Education — Common Grace Capital, you can find a collection of podcasts and other resources that will provide you with all the education you need for syndication and investments. If you want to connect with Scott personally, you can email him at [email protected] To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Oct 24, 2023
21 min
How to Take Risks Cautiously in Real Estate - The Scott Florida Story
Is it even possible to contribute to the community and still make a profit? How can you align your real estate investments with a greater purpose? Discover how to invest with purpose, create sustainable returns, and leave a lasting legacy. In this episode of The Hidden Money Podcast, we talk with Scott Florida, pastor and seasoned real-estate investor with a heart for purpose-driven investing. Learn how to merge your financial goals with social impact through smart property choices. Scott shares his amazing faith journey and expertise on identifying properties that not only generate wealth but also make a meaningful difference in underserved communities. Disclaimer: The content of this podcast is not legal advice, but is for educational purposes only. In this episode, we discuss The importance of having confidence in your investment strategies, especially when venturing into new territory like multi-family properties. Strategies for starting in real estate investing, including improving credit scores, saving for down payments, and seeking educational resources. The role of education in successful real estate investing and how it helps mitigate risks. The value of aligning your investment strategy with your knowledge and expertise. The necessity of building relationships and networks within the real estate investment community for growth. The significance of continuous learning and adaptation in the ever-evolving real estate market. The role of grit and determination in taking calculated risks and making a lasting impact. The relationship between risk and reward in real estate investments and the importance of understanding both sides of the equation. The Biblical perspective on taking risks and making a difference in the world. How legacy planning and creating opportunities for future generations tie into the overall investment journey. To Learn More You can visit Scott’s website Common Grace Capital to explore syndication and Scott’s services, and if you click the tab Education — Common Grace Capital, you can find a collection of podcasts and other resources that will provide you with all the education you need for syndication and investments. If you want to connect with Scott personally, you can email him at [email protected]  To access the bonus tax content mentioned in the episode, go to https://www.hiddenmoney.com/bonus To start using the tax code as a tool to grow your wealth, schedule a call with Pine & Co. CPAs: https://www.pinecocpas.com/consultation Social Media Links Instagram: https://www.instagram.com/hiddenmoney.podcast/ Facebook: https://www.facebook.com/hiddenmoney.podcast Youtube: https://www.youtube.com/@HiddenMoneyPodcast Linkedin: https://www.linkedin.com/company/hidden-money-podcast/ Twitter : https://twitter.com/hiddenmoney_com You can also listen our podcast on major podcast platforms links: Spotify - https://open.spotify.com/show/3rmae1bpxvirzfbM571fOK?si=d2129d6ac9ec4519 Apple Podcast - https://podcasts.apple.com/us/podcast/hidden-money-podcast/id1683510065 Google Podcast - https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kZjZmNjE2OC9wb2RjYXN0L3Jzcw iHeart Radio - https://www.iheart.com/podcast/269-hidden-money-podcast-113479063/ Amazon Music - https://music.amazon.com/podcasts/9deef87a-307d-4767-af47-9e01bf0211f9/hidden-money-podcast Pocket cast - https://pca.st/9r4x6t36 Castbox - https://castbox.fm/channel/id5413766 Website - https://www.hiddenmoney.com/
Oct 10, 2023
27 min
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