This week, we speak with Dan Shaw. In this encore episode, we will hear how Dan engineered his retirement in just five years. He was working 60-70 hours a week and was miserable. He decided he had had enough and after a particularly hard day at work began executing a plan to become Financially Independent.
He and his wife buckled down on their spending, ramped up their retirement accounts, optimized their taxes and increased their income via rental properties.
Amazingly, they hit their goal in five years! Now Dan is retired and gets to spend most days with his two daughters as manage his rental properties and projects at home.
It’s a really great episode to hear some excellent tactics you can apply to your own FI/RE journey.
If you are interested in more info on the requirements for what it takes to claim “real estate professional” on your taxes, you will want to check out IRS Code 469.
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WE HAVE A NEW WORKBOOK!
This workbook is based upon out 7-Step Money Foundations course and can be used as a companion to the course, or on its own.
It is a NO NONSENSE designed to take you step-by-step through your finances and build a solid money foundation so that you can reach your money goals.