Breakaway Wealth Podcast

Michelle Kimbro is a nursing executive turned investment entrepreneur here to teach us how to reduce your taxable income by investing in carbon capture and storage technology using accelerated depreciation. Michelle literally drills down into cash-on-cash ways of doing this, using innovative new offshore drilling and carbon capture technology that incentivizes tax breaks through accelerated depreciation. Michelle's patented mobile carbon capture technology contracts with Exxon and their technology sits atop the pipeline and simultaneously absorbs and cleans the CO2 emissions to EPA standards. That is then re-injected back into the same well site for what is called 'enhanced oil recovery'. This saves Exxon a lot of money to sequester the CO2 (as they'd ordinarily have to haul it off to a processing plant and then sell to a secondary market). This closed service is far more lucrative. Michelle's company raises capital for the equipment and revenue shares with Exxon on the additional barrels of oil that come out of the well site. The kicker is that they can leverage a portion of the tax code favorable to oil and gas – and leverage bonus depreciation in year one for their investors. This is the last year where bonus depreciation is set at 100% (next year, it goes to 80%, with a 20% reduction until it's phased out). A $100K investment, for example, would yield a 2X return ($200K), factoring in bonus depreciation. If you're paying 40% on tax, you can reduce your taxable income by $80K. This is huge for someone living in a high-income state. Plus, it cash flows. If you average the annual rate of return over seven years, it's between 25 - 26%. As Jim says, "Wow, where else are you going to get that?" This investment is for someone looking for a tax play to reduce their taxable income – as well as being something that cash flows. And, with an additional 80 000 IRS agents looking into the real estate market, this investment seems even more appealing. This offering is a 506C offering for accredited investors only. - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events Connect with Michelle Kimbro: Email: [email protected] Website: emprinvestor.com

In this episode, you'll discover how changing your thinking will change your actions and why so many doctors are still financial slaves. Dr. Vikram Raya shares how he broke the time for money equation and how the whole world opened up to him as a result. If want to learn more, the best thing to do is to listen to the full episode here:https://www.youtube.com/watch?v=HqvJWJevops&t - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In This Episode: Building and housing are not going to cause the looming recession, they are going to help get us out of it. Knowledge is power, and understanding how the system works means you can maximize it. As real estate investors, one way to do this is through cost segregation. Whenever you buy a property, every single component inside it will be depreciated. Cost segregation is simply the process that accelerates this depreciation. It works on new and existing properties, you can do it anytime, and this week's guest is here to explain it clearly and show you how he makes it as easy on your CPA as possible. Boomer Philbrick helps people save money on taxes as well as gives them financial freedom and more immediate cash flow. He has been working in the real estate industry for 6 years and serves people by teaching them how to retain more of their money. He joins Jim on the show this week to talk more about cost segregation, what it is and what the process entails, and how you could benefit from it. There are so many benefits of buying real estate and depreciation is one of them. It is a return on real estate that so many people ignore, but cost segregation allows you to have more money right now, to either buy another property, fix it up, or pay off debt. Listen in this week to learn more about why this is a great way to save taxes and get more cash flow right now, how the process works when you buy a property, and a good way to wrap your head around it. Boomer shares four questions he asks clients when they buy a property, some common misconceptions about cost segregation, how Donald Trump took advantage of this tax law to save money, and how you can do the same. If you don't know anything about cost segregation, you don't want to miss this episode. Book Mentioned: How Good Do You Want to Be?: A Champion's Tips on How to Lead and Succeed at Work and in Life by Nick Saban and Brian Curtis: https://www.amazon.com/How-Good-You-Want-Champions/dp/0345500849 Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events Connect with Boomer Philbrick: Phone: 812 639 0656 Email: [email protected]

In this episode, you'll discover how the banks create velocity of money and what they do with the money you pay them every month. Jullien Gordon shares what a personal eternal rate of return is, and the difference between the physical money supply and the value that is out in the world. If want to learn more then the best thing to do is to listen to the full episode here:https://www.youtube.com/watch?v=uR3nDdpwTdA&t - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In This Episode: Here is something you already know: money has to flow or it dies. It needs to be constantly working for you and to do so, it needs to be constantly moving. Why let your money die when it could be making a return for you? This is exactly what this week's guest helps people do. We are switching things up a little on the podcast this week, as Harper Jones is replacing Jim as host, and he's catching up with Will Coleman from Urban Gate Capital. Urban Gate Capital raises capital from investors and lends it out to people looking to buy property. They provide an average of between 3-6 month loans and over the last two years, have lent out just over $18 million to their clients. Will joins Harper to walk you through their business model, talk more about the fund they have recently launched for investors, and share more about how Urban Capital could keep your money moving for you. You'll hear more about the short-term hard money lending industry, the advantages and benefits of lending, and some of the opportunities available within the industry. Investors know that they need to keep their money moving and that capital sitting in their accounts is not an option. Urban Capital's newly created fund is a fantastic way for investors to keep their capital working for them and their business model now enables them to fund even more people; it's a win-win for all involved. If you're wondering what to do with your capital and thinking about buying a project versus potentially lending to get some exposure, you need to listen to this episode. Harper and Will talk about the current market, the importance of educating yourself on what's going on in the industry, and some ways to make your capital work for you, and Will shares his advice for anybody interested in lending. Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events Connect with Will Coleman: Website: https://www.urbangatecapital.com/ Email: [email protected]

In this episode, you'll discover why being wealthy is not about money, and what it is really about. Maurice Philogene shares how he stopped exchanging his time for money, how he reached the point where he was generating more salary from passive income than from his job and the key to creating this financial freedom for yourself. If want to learn more then the best thing to do is to listen to the full episode here: https://youtu.be/hV7CzytWtQs - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In This Episode: You asked and they listened! Jim and Nick Kosko are back this week with an after-hours Q&A to answer all of your burning questions. And remember, in these Q&As, you can ask anything you want. This week, they're answering questions about IBC for people starting out on a low budget, taking out insurance purely for the purpose of IBC, and talking more about the Becoming Your Own Banker course inside the community. If you're still unclear on the principles of IBC, what it entails, or even what IBC stands for, you're in the right place. Did you know that more billionaires are made with real estate than anything else? Want to know what happens if you can't pay premiums, or how soon after starting an insurance policy can you start doing IBC? Jim and Nick Kosko are answering your questions on a range of topics around IBC, whole life policies, death benefits, and premiums, and they're also sharing what the CreateTailwind business model looks like, plus much more. If air doesn't flow through your lungs you die. If water doesn't flow, it's stagnant and poisonous, and if money doesn't flow it's dead. Jim and Nick practice what they preach and they love to be a small part in helping you change your life. In this episode, they share why they want you to buy cash-flowing assets and how to make your IBC system super efficient and pay for itself. Hear from people who are truly breaking away from the herd and how they're doing it, how to make sure the IBC system you are building will work, and a few bonus answers to questions that weren't asked. Resources Mentioned in This Episode: Becoming Your Own Banker: Unlock the Infinite Banking Concept by R. Nelson Nash: https://www.amazon.com/Becoming-Your-Own-Banker-Infinite/dp/B001NZO1DS/ Building Your Warehouse of Wealth by R. Nelson Nash: https://infinitebanking.org/product/building-your-warehouse-of-wealth/ - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover a sector that is growing at an explosive rate, and why this is happening. Jim Pakulis shares where his interest in emerging markets came from, the one change companies like McDonald's, Burger King, and Starbucks are all making, and how this massive group of people is moving the needle. If you want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=wJFk6L_sXGA - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover the difference between a life insurance policy and using a Roth, and why it never works out when the government makes the rules with your money. Discover how to know if infinite banking and financial freedom is for you, and why every government plan has wound up doing the exact opposite of what it was intended to do. If want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=fWcYbM0y9Cc - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover why the bank doesn't do what you think it does with your money, and what it really does with it. Logan Rankin shares why banks are so wealthy, and how to start doing what the bank does to create velocity of money for yourself. If want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=BmSD9SfuPNs&t - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In This Episode: When people read Becoming Your Own Banker by R. Nelson Nash, they get to the equipment financing example and they don't understand it. They read it two to three times and then take the Becoming Your Own Banker course inside the CreateTailwind community, and then it sinks in. They think it's the answer for them and that they have everything figured out. But this week, Jim and Nick Kosko are taking a different approach to this topic, and while they are still explaining it as the book intends it to be explained, they are putting the Breakaway Wealth CreateTailwind spin on it. Picture this. Nick and Jim buy the exact same brand new F150 pickup truck. Same options, same sticker price, same color, same everything. Nick drives the truck hard and doesn't worry about the maintenance schedule, he drives it like nobody's business. How many miles will he get out of the truck? Now, Jim takes the exact same truck that he bought, he changes the oil every 3000 miles, uses the best oil and fuel from the best gas station, has it inspected regularly to make sure it's running right, and takes good care of it. How long will the truck last for Jim? Wondering how an example about buying a brand new F150 pickup truck relates to infinite banking? It all becomes clear in this week's episode. When we look at an insurance contract, we should look at it the same way as this equipment financing example. In this episode, Jim and Nick explore this example further to explain why, and show you what you really need to be focusing on in your life insurance policies. Hear the unique spin that Jim and Nick are putting on this topic and how it differs from the way most Infinite Banking practitioners teach it, learn how to get money to stop flowing away from you and start flowing back to you, and find out why, when you really look at infinite banking and life insurance policies, you actually want to pay the base premiums. Don't forget, if you want to see all the ins and outs of this equipment financing example from the book, the course inside the CreateTailwind community can help. Resources Mentioned in This Episode: Becoming Your Own Banker: Unlock the Infinite Banking Concept by R. Nelson Nash: https://www.amazon.com/Becoming-Your-Own-Banker-Infinite/dp/B001NZO1DS/ Acres of Diamonds by Russell H. Conwell: https://www.amazon.com/Acres-Diamonds-Russell-H-Conwell/dp/1940177618 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover why short-term rentals can bring in five or six times more than long-term rentals, and how the two types are different. Julian Sage shares why reviews for short-term rentals are so important, what most people don't realize when they enter the short-term rental space, and how to take the next step into the short-term rental industry. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=d2GZkWx0T40 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover why a lot of real estate agents never become real estate investors. Pat Hiban shares a common misconception about real estate investing, and one thing that people don't know about building a real estate portfolio. If you want to learn more, then the best thing to do is listen to the full episode here: https://www.youtube.com/watch?v=L8QiMMbTmfQ - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover how the typical American public has been made a slave by bankers. Nelson Nash shares the first step you need to take to break away from the traditional banking system, how to stop being a slave to the traditional banking systems, and why propaganda will always work if you let it. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=BeRWmomiYR4 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, Brad Costanzo challenges us to "make a good trade" when trading our time for money. He also discussed with Jim the biggest noise in the mind of people when they start their entrepreneurial journey, the fear of the unknown. Don't miss some other nuggets we got from this episode. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=pBi9264Ffq0 - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

Episode 194: What You Need To Know About Cost Segregation With Yonah Weiss Cost segregation, like most accounting and tax terms, sounds complex and boring. But, in this episode, you'll discover how cost segregation can help you save money on your taxes. Our guest, Yonah Weiss, breaks down what cost segregation is and how to use real estate tax benefits to your advantage. If you want to learn more, then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=QjsRlitRs2I - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/

In this episode, you'll discover from Steve Libman what it takes to break away from the herd as you go on your entrepreneurial journey. We learned that your business will only grow to the level that you are as a leader, and how sometimes during that process you need to give up a lot, empower yourself and others, and learn how to serve others in another capacity. If you want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=_JEoXPcj9ok - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover how Javier Heredia got run over by a garbage truck, spent a month in a coma, and miraculously lived to tell the tale. Hear how his accident left him financially broke and how the banks provided zero support, only making things worse. If want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=aCTM4nAzOVY - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events

In this episode, you'll discover why real estate provides a great source of wealth and how Anna Myers deliberately scaled out of photography into full-time real estate. Find out why the government wants to take most of what you make, and the moment Anna realized she had to use alternative forms of making money. If want to learn more then the best thing to do is to listen to the full episode here: https://www.youtube.com/watch?v=o-2CFE6guug - Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/ RSVP for the next community Q&A HERE: https://community.createtailwind.com/events