I discuss the importance of multiple income sources for business owners and employees, emphasizing the need to manage income taxes and deductions effectively. I share insights from my father, who worked in various trades and real estate to ensure financial stability. I highlight my own diverse investments, including limited partnerships, real estate, and alternative investments, which provide significant deductions and financial security. I advise maximizing 401(k) plans and preparing for a longer lifespan. Our upcoming episode will feature Joe Wabick, who specializes in commercial workouts, mezzanine financing, and mergers and acquisitions.
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- Website: Fornaro Law
- Podcast Website: Lightbulb Moments Podcast
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