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İçerik Stig Brodersen and The Investor's Podcast Network tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Stig Brodersen and The Investor's Podcast Network veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
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MI335: A Winning Combination: Cashflow, Car Washes, & Zero Taxes w/ Kriss Berg

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Manage episode 406029654 series 2539397
İçerik Stig Brodersen and The Investor's Podcast Network tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Stig Brodersen and The Investor's Podcast Network veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with serial entrepreneur Kriss Berg to talk about how turns the cash flows from his online businesses to purchase car washes and utilizes a tax-savings strategy called bonus depreciation to pay almost zero taxes. You’ll also hear about the many entrepreneurial adventures Kriss has had, the books that had a big impact on the trajectory of his career, what it was like living off-the-grid for 13 years, and much more!

Kriss Berg has been an entrepreneur for over 21 years. He started out with a home service business and has since had start-ups in solar, ecom, real estate, and much more. Now he runs a portfolio of online businesses and takes the profits from those and invests in car washes.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:26 - What some of the “dirty jobs” were that Kriss had.

03:53 - How an early-life crisis led to his first entrepreneurial venture.

05:36 - Why he decided to move off the grid and what the experience was like.

11:35 - Why being a continual learner has been an important part of his success.

13:14 - How the 4-Hour Workweek influenced him.

16:28 - How he got involved in real estate investing and increased his cash flow and net worth.

20:30 - Why his own health issues led to a successful entrepreneurial venture.

25:53 - Why he decided to pare down and sell off some of his businesses.

26:36 - How he got turned on to the power of Twitter.

31:16 - Why he choose to invest in carwashes.

33:55 - How he finds carwash deals, finances them, and increases profitability.

43:02 - What the 3 M’s of increasing the value of a carwash are.

44:08 - What his end game is with his car wash investments.

46:15 - What is the biggest challenge to investing in car washes is.

48:26 - How bonus depreciation works and how he uses it with car washes to pay no taxes.

51:57 - How his carwashes create tax savings through bonus depreciation.

54:44 - How mastermind groups have played a big part in his career.

58:41 - How to become instantly likable.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Patrick: Twitter

Connect with Kriss: Website | Twitter

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

  continue reading

645 bölüm

Artwork
iconPaylaş
 
Manage episode 406029654 series 2539397
İçerik Stig Brodersen and The Investor's Podcast Network tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Stig Brodersen and The Investor's Podcast Network veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with serial entrepreneur Kriss Berg to talk about how turns the cash flows from his online businesses to purchase car washes and utilizes a tax-savings strategy called bonus depreciation to pay almost zero taxes. You’ll also hear about the many entrepreneurial adventures Kriss has had, the books that had a big impact on the trajectory of his career, what it was like living off-the-grid for 13 years, and much more!

Kriss Berg has been an entrepreneur for over 21 years. He started out with a home service business and has since had start-ups in solar, ecom, real estate, and much more. Now he runs a portfolio of online businesses and takes the profits from those and invests in car washes.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:26 - What some of the “dirty jobs” were that Kriss had.

03:53 - How an early-life crisis led to his first entrepreneurial venture.

05:36 - Why he decided to move off the grid and what the experience was like.

11:35 - Why being a continual learner has been an important part of his success.

13:14 - How the 4-Hour Workweek influenced him.

16:28 - How he got involved in real estate investing and increased his cash flow and net worth.

20:30 - Why his own health issues led to a successful entrepreneurial venture.

25:53 - Why he decided to pare down and sell off some of his businesses.

26:36 - How he got turned on to the power of Twitter.

31:16 - Why he choose to invest in carwashes.

33:55 - How he finds carwash deals, finances them, and increases profitability.

43:02 - What the 3 M’s of increasing the value of a carwash are.

44:08 - What his end game is with his car wash investments.

46:15 - What is the biggest challenge to investing in car washes is.

48:26 - How bonus depreciation works and how he uses it with car washes to pay no taxes.

51:57 - How his carwashes create tax savings through bonus depreciation.

54:44 - How mastermind groups have played a big part in his career.

58:41 - How to become instantly likable.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Patrick: Twitter

Connect with Kriss: Website | Twitter

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

  continue reading

645 bölüm

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