by Tom Wheelwright | Aug 31, 2012 | Wealth Strategy
Real estate is one of the most complex areas when it comes to tax law. It is also one of the most complex when it comes to reporting. Both of these factors can make accurate reporting challenging – it's easy to overlook important steps, which can lead to missing...
by Tom Wheelwright | Jul 20, 2012 | Wealth Strategy
If you've heard me talk about reporting, you know the Balance Sheet and Income Statement (Profit & Loss Statement) are not my favorite reports. While they are the most popular, I don't think they are the most effective when it comes to managing your wealth and tax...
by Tom Wheelwright | Jun 29, 2012 | Wealth Strategy
Who is the best person to build your wealth? It's you. Of course, your wealth team plays an important role, but you are the best person to build your wealth. You are the one who is best able to identify wealth building opportunities because you are the one who is in...
by Tom Wheelwright | May 11, 2012 | Wealth Strategy
The difference between those who are successful at building permanent wealth and those who aren't usually comes down to how they use their resources. This week I'm going to share a resource that many business owners and investors avoid – REPORTING. It's always...
by Tom Wheelwright | Apr 13, 2012 | Wealth Strategy
One of my favorite ways to use a business in a wealth strategy is as a source of cash flow for new investments. Being able to leverage that cash flow into new investments is a powerful way to grow your wealth. When I share this idea, I usually get these three...
by Tom Wheelwright | Sep 16, 2011 | Wealth Strategy
I have been thinking a lot about formal agreements over the past few months as I have been dealing with a lot of contracts. The question that I have been fighting on each agreement is how far to go to make it “right?” The agreements have all been with...
by Tom Wheelwright | Aug 20, 2010 | Wealth Strategy
There are some pretty good positives about doing business with family. First, you know them and should know their capabilities. Second, there should be strong loyalty bonds between family members. I have personally had some success doing business with family members....
by Tom Wheelwright | Jun 17, 2010 | Wealth Strategy
A while back I was invited to attend a Mastermind Group. One of the members of that group was George Miller. George is a speaker and promoter and sells information on how to buy real estate out of probate. George is a great salesman and a great guy. During the course...
by Tom Wheelwright | Jun 14, 2010 | Wealth Strategy
The past two weeks I have been traveling throughout Europe with Robert and Kim Kiyosaki and Ken McElroy. We have been to Warsaw, Poland, Tallin, Estonia, Prague, Stuttgart and London. Along the way we have met fabulous people and enjoyed wonderful experiences,...
by Tom Wheelwright | Mar 23, 2010 | Wealth Strategy
One of the most powerful tools you can have in your personal investment toolbox is your personal set of investment criteria. Once you have decided on the type of growth assets you will be using in your personal investment strategy, then the next step is to determine...
