2 post-tax day strategies for CRE professionals to make more money and pay less taxes

 

Depending on what state you live in, Tax Day was April 10th, 15th, 18th or 19th this year.  Really?  It’s bad enough that our tax code is so damn confusing and even worse, half Americans don’t even pay taxes (if you are reading this – sorry but you are the half that does) but now we get a multiple choice question on what day is tax day!

As a commercial real estate professional, you probably had 1 of 2 reactions when filing/extending your taxes and looking at how much you earned in 2015.

1) “Holy low commissions Batman! Did I really only make that much last year?”
2) “Cheese and crackers, I am paying way too much in taxes!”

Yes, Tax Day is not only about paying the man, but also provides a black and white slap in the face regarding your earnings or at least your claimed earnings.  Here’s the worst of it: if you did not earn what you wished in 2015, then you earned what you deserved.  See my prior blog regarding Nido Quebin.  If you want to earn more in 2016, then you need to change.  And that brings us to the 2nd possible reaction.

[Tweet “Want to make more money and reduce your tax liability? Invest in yourself.”]

Regardless of what you earned, you definitely paid too much in taxes.  Heck, we are all paying too much in taxes.  Want to make more money and reduce your tax liability? Invest in yourself.  Get a designation, take some training course, or, yes, hire a coach.  Coaching is proven to create the greatest income and ROI of these three options.  But if you really can’t get yourself to hire a coach, at least do something!  The point is, instead of investing in the stock market that generates 5% on a good day, and you only get to write off your losses – invest in something that creates an unmatched return – you!

Want a nice tax write-off on an investment that will have a better return than the stock market, the real estate market, and the latest must-have public offering? Then invest in your greatest asset – you.  Find out more by clicking here.

Invest in yourself, so next April 10th, 15th, 18th or whenever the man decides when the next Tax Day is, you will be saying “Better get the hose, because I am on fire!  Made more than last year, and paid the man less!”


Want to learn specific, proven strategies and tactics to transform your CRE business, and ultimately, your life? Join us for a free live webinar on April 26th at 2:00 PM Eastern.

transform your CRE brokerage

Recent Posts

RECon 2018 Review – 3 Glaring Negatives

This week I made my annual trek to Las Vegas for the greatest commercial real estate show on earth. ICSC’s RECon 2018 had all the pomp and circumstance as the last 7 years (my consecutive attendance streak), including: the big booths, extravagant parties (shout out to...

The 5 Pillars to Grow a Great CRE Business

When I was running my own commercial real estate firm, I was busy. I would characterize most days as chaotic. Even when I did have a plan for the day, distractions, interruptions, and opportunities would appear from nowhere and knock me off course. I had bought into...

A Simple Yet Powerful CRE Marketing Tool

The following blog post is from HBS Resources President and Massimo Group coach, Blaine Strickland. I am thrilled to share that Blaine has just launched his first book, Thrive: Ten Prescriptions for Exceptional Performance as a Commercial Real Estate Agent. In today’s...

How to Find Your Specialty with 3 Questions

I am continually surprised by Commercial Real Estate brokers who lack a specialty. All top performers in CRE have a specialty. Yet, those mired in mediocrity refuse to hone in on what they can be awesome at doing. In fact, business owners of all kinds often have this...

4 Ways To Make Telephone Prospecting Easy

I once worked with a commercial real estate brokerage manager who said there were two types of people in the world – those that didn’t like to cold call, and those that lie about liking cold calling. He might have overstated his point a bit, but he does have a point....

Here’s My Weekly Plan for Maximum Results

With our coaching clients, we implement a productivity program - appropriately termed I.P.A.I.D.™. This process allows them to look back at every day and answer “yes” to the question: “Was I paid today?” I also use this approach in planning for my week. Every Sunday...