I just recorded an episode of the Truly Passive Income Podcast. Niel and Clint were great hosts and we had a fantastic conversation about equity versus cash flow. Of course, I am pro equity and explained that to them.
We are all taxed at a higher tax bracket for every dollar extra we make. You are reading this so you are probably a high-performer and likely have a high income. While it would be nice, you don’t really need more money, at least right now. Any more money now just gets taxed more and more. Why not lock that money away where it grows via appreciation? Then you can take it out in the form of cash flow when you retire. The numbers will be huge because you’ll have the property paid off and not have to pay any money to the bank.
That’s truly the way to go. Neil and Clint asked some great questions and we really had fun. I’ll let you know when the podcast is published and hopefully you’ll give it a listen.
