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Going Long Podcast Episode 247: Preparing For Another Great Year
In today’s solo show you’ll learn the following from Billy himself:
To see the Video Version of today’s conversation just CLICK HERE.
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Billy Keels 00:00
Today's conversation is sponsored by first generation Capital Partners. If you're an accredited investor and you want to know about how we're helping other accredited investors keep more of their income, go to first gen cpe.com forward slash going long.
You're listening to the going long podcast with Billy keels, the number one podcast for long distance real asset investing.
Billy Keels 00:22
Welcome to the gold long podcast, we're back once again to continue to help to educate you so that you feel much more comfortable as well as confident investing beyond your backyard. And yes, I am your host, Billy keels, and I am really looking forward to today's monologue. Actually, it's today's episode, but it just really funny monologue, conversation, all these kinds of stuff in you know, I am really excited. First and foremost, I want to put one of our amazing going long family members like just get so tongue tied, I can't even get it out. One of our going long family members that shared a nice, honest written review that I want to share with you today. Because once again, this is giving you the spotlight, I want to put your honest written reviews in front of people from 30 plus different countries at literally 10s of 1000s of downloads. And I just think that it's absolutely fantastic. And I want to do exactly that right now. And so today's honest, written review comes from, says, Lisa, so Lisa, thank you very much for this. It says heart the going long podcast, Billy keels really delivers on the going long podcast from amazing guests. Engaging topics as well as thought out process really provides an amazing experience for listens to for listeners to learn about real estate and real assets, and how investing in such assets even from a long distance can revolutionise their life. Awesome job, Billy, and keep going. So Lisa, thank you very much, really appreciate that. And yes, heart, meaning love the going long podcast, really, really appreciate it. If you want to have your honest written review, as well as rating or I guess it's the written review part, you want to have that read in front of people from 30 Different countries 10s of 1000s of downloads every month, let's take a couple seconds to leave an honest written review on the Apple podcast platform, we make a nice little video here, I think you can see it. And it's pretty, pretty simple. So with that I want to talk about, you know, we're getting close to the end of the year, and it's just the last quarter, the year is just around the corner. And you are probably in a position especially if you're one of those high paid professionals that continuously listen to us. And you may be in the software sales space, you may be a doctor, lawyer, or high paid consultant, someone that is really looking to crush it, you've been crushing it this year, in spite of all the things that are happening. And you are really, really excited because you know that things are going to go really, really well. At the same time, you've got this little kind of pit in your stomach, and you're thinking, oh man, I know who's going to be waiting for me at the end of the year. And that's, that's your good friend, Uncle Sam. Yes, he will definitely be ready to put his hand in your pocket. And we'll see if we can give you a couple of things, a couple of new ideas that you can maybe see about trying to keep him out of your pocket. But anyway, I want to talk about a conversation I actually had with a really good friend of mine, a really good friend of mine who happens to be in the illegal practices. One of the things actually I also shared on my LinkedIn not too long ago is we seem to get lots of, let's say, lots of reactions. So I thought maybe let me share this with the go along family because you will get a lot out of it. And by the way, if you are not connected, you and I are not connected over on LinkedIn, take a couple seconds, because I'm sharing a lot of stuff over there on LinkedIn as well. And we'd love to have you connect, just do me a favour send a personalised connection, because if not, it's probably difficult that I will accept it. And since you're going along family member, like just let me know, hey, you're going on family member and I'll connect and we'll be able to connect over there as well. But anyway, let me not digress, let me get back to this conversation. So one of the things I shared recently, and like I said, it got a lot of reaction. And I thought I would share it here and also because it's right is the perfect time because the taxman is probably waiting for you, because you've been very successful this year. And one of the things that we had this conversation earlier in the earlier this year, and earlier this year with a conversation was hey, how's things going? I think it's going really, really well how's How's the family doing? Well, everybody's growing, keeps growing blah, blah, you know, how's business life and finally got into that. And you know, he was this is one of the best years ever, like, Okay, well that's really, really awesome. Um, you know, how well was it? Well, you know, it was it went well, until recently because it was literally like two days before. This friend of mine had just paid a pretty lofty check. And I thought, Well, you said things were going really, really well. And then I asked you about it, but then you seem to be not doing well. And the response was well yeah, you know, had absolutely our best year ever. absolutely crushed it more clients more billable hours. And I just kind of don't like it. It feels a little bit sick. And what do you mean? It said, Well, I just said I just wrote another and it was a six figure check. You know, low mid six figure check. And I thought Wow, that's not very fun. And then I also felt really bad because I, you know, I personally had a solution that I would have been able to help him because it was he was paying that additional income tax. And I thought, wow, you know what, we probably need to start talking about things more frequently, we need to share. And sometimes that can happen when you're with really close friends, you may have certain things that you talk about all the time. But there are other times when you don't. And, and this was one of the times that I realised that, you know, this, this is one of the problems that happens with a lot of really high performing high paid employees. Because for the high paid employee, there, especially when you're in a specialised trade, like doctor, lawyer, or high paid consultant, there's literally nowhere to hide, like your Uncle Sam's favourite target. And what I mean by that is, you know, and it makes me think about one of the one of the conversations that I've heard, and I heard a guy named Tom will write when he is on stage, and he talks about, you know, if you want to change your tax, you have to change your facts. And what that means is for that high paid professional, that doctor, that lawyer who is performing very, very well helping others, or you're maybe a software sales executive, or maybe you are someone who is an executive of your company, because you're performing high, and you get those high salaries, and usually, you're getting very big bonuses. Well, Uncle Sam thinks you're not taking many risks. And so because of that, you tend to pay the highest level of tax of everyone else. Yes, you may be making a lot. But are you keeping a lot? And typically, the answer is no, you're usually doing a lot more work, you're using more hours. And if you looked at your salary per hour, after tax, you probably realised that it's not very, very nice. So anyway, I'm not gonna go too much into this, I want to keep this episode relatively quickly. Because in the same way that I was having this conversation with my friend, he was high performing and was able to, you know, make a lot of money. Unfortunately, he didn't keep it, I don't want the same thing to happen to you. So if this sounds like this could be your situation, because you're absolutely crushing it this year, it's been amazing. And you want to find out more about how we're helping people just like you to not just perform highly to be able to have the high recognition but also improve the chances of being able to keep more of your salary, go to first gen cp.com, forward slash going long, got a nice little guy there will help you talk you through the things. And it gives you a very concrete example as to how we're helping people just like you. So first ncp.com forward slash going long love to be able to help you. And also if you want to be like Lisa, and have your honest written review, as well as writing read in front of people from 30 different countries, like literally 10s of 1000s downloads. Go ahead, leave your honest written review as well as writing and I will be here and I'll read it in front of the entire world. So until then, while you're working on this thinking about it and downloading today's guide, just go ahead and continue to do that. I'll be here waiting for you for the next conversation. So until then go out and make it a great day. Thank you very much. Press Did you enjoy today's conversation and once again, today's conversation was sponsored by first generation Capital Partners. If you're an accredited investor want to find out more about how we're helping accredited investors to gain their personal freedom even faster. Go to firstgencp.com forward slash going long.