- Nov 9, 2010
- Reaction score
Lol why is it always people who aren’t accountants giving that advice?I have a friend that was in my garage not that long ago.. He was telling me a story about his buddy that got "big money" and basically told them they weren't going to hang out anymore for various reasons, but it came down to the money..
My buddy that was in the garage went from my kinda money to "Real" money over the last couple years and he went by the first guy in his Viking that is bigger than the first guy.. I guess the first guy was mad or something about it because my buddies boat is bigger.
When he got all done telling me the story I told him "that guy was never your friend." LOL.
I don't treat anybody differently, and I know Billionaires (yes with a B, there are a couple on RDP), to guys like Jonathan said that are on the cusp of it, to guys with 50 mill to guys with 50 bucks..
They are either cool, or they aren't.. and I don't give a shit what their bank account says.. LOL. If they are being a douche they'll get booted out of my garage / rdp after party / you name it same as anyone else.
Back to the point of the thread though.. I was really enjoying hearing peoples different view points, and was looking forward to some of the ways "normal guys" like myself are using to Catch a little extra cash here and there.. What they can do to make their assets work for them to create more money..
TAX SAVINGS is a huge one that I know nothing about.. I was talking to one of my buddies and he said "Dave all your kids should be salaried employees making xyz a year" with some sorta tax loophole.. Of course he said that to me three sheets to the wind, and now when I press about it when he's sober he says "get a tax guy". None of my tax guys tell me how to do shit like that. LOL
I know plenty of successful business guys who know every loop hole in the book. I often wonder if they all could survive an audit.
My in-laws run a successful CPA firm. They only let the wife and I write off what we legitimately can prove lol.
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