Just got off a zoom with my partner and mentor to discuss strategy going forward. I've probably asked him this question 4 times, but threw it out there...there's no shortcut is there? He confirmed there isn't. Just do the work and do it for a long time.

Leaving W2 life to build my own business has exposed so many underdeveloped skills I didn't know I needed. The best part is that I get to learn how to overcome these weaknesses. What’s one skill you’ve discovered you had to learn the hard way after leaving your 9-to-5?

working on right now?

December 2024, we decided to make a fundamental change to our lending company. We were making money with these flat rates of return, but realized that it wasn't sustainable. By Feburary 2025 we signed the new parternship paperwork. We deployed our first 130K on April 1st into the new model and have now earned our lending partners 61K through our first 7 months. Amazing things happen when you find the right people to work with.

These are two terms I didn't know when I started my self directed retirement account journey. It's honestly something I avoided too. I always try to keep things simple, but hope that this helps understand what triggers these taxable events. UDFI (Unrelated Debt-Financed Income) If you buy rental property with debt financing in your IRA, you will be subject to the UDFI tax. If you earn 100 in net income and you financed 80% of the purchase price through a traditional bank, 80 dollars of that 100 is subject to UDFI. Ways to avoid UDFI - Purchase property without any debt financing. - Open solo 401k instead of self directed IRA. UBIT (Unrelated Business Income Tax) If you participate actively in a business that you own through your self directed IRA, the net income is subject to UBIT. If your portion of the net income of a company you own in your SDIRA is 100K, that entire amount is subject to UBIT. Ways to avoid UBIT - Be a passive investor in the business