Shanyn Stewart began her career with General Electric as one of two accountant/advisors that worked directly with GE employees and executives to mitigate taxation throughout the county. In 1996, she started Advanced Accounting to assist clients apply those principles she learned at GE to assist in reducing their tax liability. In addition to her Life, Health and Variable Contracts, Shanyn holds Series 6, Series 7, Series 63 and 65 licenses. Shanyn is the author of, “The 10 Most Expensive Tax Mistakes That Cost Business Owners Thousands” and is a Certified Senior Advisor and Certified Acceptance Agent with the IRS.
On today’s episode, we talk with Shanyn about her amazing photographic memory and how she was able to leverage this gift to become one of the top tax strategist in the country. She shares with us how entrepreneurs can use legal loopholes to create long-term wealth by understanding tax advantages. You’ll also learn why having a real estate investing mentor is a game changer. Lastly, we talk about strategies you can use to reduce your taxation (and increase your income) from your W-2 income by investing in real estate.
Key Points From This Episode:
- The #1 reason real estate investing beats the stock market
- The true hidden costs of not investing in mentorship as a real estate investor
- How to Create Income Stability in an Unstable World
- What is a 1031 Exchange and How You Can Use It to Defer Capital Gains Taxes
Links Mentioned in Today’s Episode
Shanyn’s Website: https://advancedaccounting.com/
Shanyn’s Favorite Books:
Think & Grow Rich https://amzn.to/2BnWM3g
The Science of Getting Rich https://amzn.to/2DP15qF
Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book
Shanyn’s Favorite Lifestyle Design App: Trello keeps track of everything, from the big picture to the minute details. https://trello.com/
Access The Best Strategies, Tips & Advice !
Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.