Welcome to this episode featuring Kaaren Hall, a Self-Directed IRA Expert and CEO at uDirect IRA Services, and OCREIA.
Having navigated through recessions and market collapses, Kaaren’s journey from being an on-air news and traffic reporter to founding uDirect IRA Services is nothing short of inspiring. She has harnessed her expertise in mortgage banking, real estate, and property management to pioneer in the realm of self-directed IRAs, tapping into an overlooked market for both her skills and investors alike.
In this enlightening episode, Kaaren delves into the intricacies of self-directed IRAs, providing invaluable insights into alternative retirement investment options and shedding light on changes and challenges within the financial industry. With her signature passion for education, Kaaren shares investment strategies tailored to the current market landscape, emphasizing the unique opportunities available for self-directed IRAs.
Join us as Kaaren discusses the power of learning and community in investing, and unveils a plethora of investment options from real estate to startups. Through webinars, YouTube videos, live events, social media, and her free weekly newsletter, Kaaren continues to demystify self-directed IRAs, empowering tens of thousands of investors and professionals to take control of their financial futures.
Tune in now! Be empowered, and learn about Kaaren’s roadmap to financial freedom and prosperity!
Get my new book: https://bronsonequity.com/fireyourself
See Full Transcript:
Bronson Hill: I am excited to be here. I hope you were excited to be here, Kaaren Hall is awesome. She is a self-made woman over the last 14-years. She has created a billion dollars under management through her company called uDirect IRAs.
She’s become a behemoth when it comes to really everything having to do with self-directed IRAs. Set plans solo for one case and you may be wondering like I know I should do this. Or I’ve got some money tied up in some sort of IRA at a company. She addresses that like how do you roll that over? What does that look like? I thought I could only do stocks and bonds.
Well, it’s not true. You can do all kinds of alternative assets and a lot of people think they just don’t have any more money. But then they’ve got all this money sitting in a retirement account that they can use to invest in real estate. Or other sorts of alternative assets. So I love talking about this topic and you’re gonna love to love Kaaren. You’re gonna love this show.
This was a great episode. She was recently on Bigger Pockets a little while ago. It was a good show as well, but really excited to jump in here and just talk about especially the changes for 2024 that are coming. So let’s do it.
Welcome to the Mailbox Money Show.
I have Kaaren Hall with me today. How are you Kaaren?
Kaaren Hall: Bronson, great to see you.
Bronson Hill: Awesome. Great to see you. It’s always a joy I always appreciate your smile.
It’s always great talking with you. You always have something great to share and the education you provide is awesome. Well, today we’re talking about retirement accounts and I know it’s your wheelhouse. We’re talking about secrets and there are some changes that are happening in the space.
But give us a little background on how you got started with this. How you get started investing and just a little bit about what you do.
Kaaren Hall: Yeah, sure. I’d love to but you know, I’m sure you’re the same is probably true with you. Where everybody in this space start out doing something else? Am I right?
Bronson Hill: Yeah. Yeah, right.
Kaaren Hall: And then you got into real estate and that was me. I was a radio announcer.
Bronson Hill: That’s awesome!
Kaaren Hall: 17 years and then I made the logical transition into real estate. Early on early days and became a realtor for a year. I realized that was a job for someone else. God bless you.
And then from then, I got into mortgage loan servicing and I really enjoyed it. It’s a lot like what we do at uDirect. Actually, it’s like a count servicing and from then I got into bone origination and did that for a number of years. Then of course we had something called a great recession by the way, I did a little property management. But during the great recession, I had to reinvent myself because in Orange County, California where I live. All the radio is up in LA so then all my other skills above real estate and then during the mortgage meltdown.
That really wasn’t that helpful I got into this space in 2007 and then in 2009 founded uDirect IRS.
Bronson Hill: That’s awesome. We have some things we share we were talking a little bit before the show. You were basically a DJ or a radio announcer and I used to work at McDonald’s years ago.
I’m doing the drive-thru and people used to tell me hey, you’ve got a great golden voice, you should do beat announcer. And so I guess now I’m living out that dream. But it’s the lowest dramatic that I thought but you know, Chris Voss in his book never spoke the difference. Talks about the late-night DJ voice hey, hello is whatever but you can actually use that voice to help kind of calm people down when they’re upset.
I think it’s a really cool kind of thing to do, I probably don’t have too many people upset. But if you ever have somebody upset like here and there do you ever use that to kind of calm them down? That’s awesome, thanks for sharing and even a lot of different things and a lot of different great reputation. We both live in the LA area and really doing some innovative things in that space.
When it comes to education and that’s so like somewhat of what we do. Yeah, we do a lot of education. We have our deals you do education and then you’ve got your services that you offer. Tell us a little bit about your educational programs kind of what you create for people, and some of the things that you have.
You have a huge audience that has you’ve really been incredible a lot of value for but what are some things that you found in the educational space?
Kaaren Hall: That’s been helpful for your people. Well, one of the things that we provided uDirect IRA services is a huge blog. So, you’ll love if you have any questions about self-directed IRA is any aspect of them. You can find the answer in our blog it’s pretty extensive.
I serve on the board of directors for the Retirement Industry Trust Association. So when something new is coming down the pike then we know about. And so I can get it out to our account holders and to the world in general quickly. So that’s nice.
Bronson Hill: Yeah, that’s great. No, it is really great to be on the cutting edge of that. I know there are some changes coming to IRAs we’re gonna talk about that in a minute and some of the self-directed stuff as well. But I talked to us a little bit about a lot of people that I’ve talked to they just haven’t become aware. It’s even just a minute in conversations. I actually could use my retirement account and just stop doing the boring Wall Street stuff. And I could do alternative things I could invest in real estate. I could buy properties or I could invest in a syndication.
What are some things that a lot of people don’t understand about retirements? And kind of next steps to be able to invest in Non-wall Street type of things?
Kaaren Hall: Yeah, I think people don’t know you’ve been able to self-direct for almost 50 years, right? It was 1975 when IRAs were created and the minute they were created they were self-directable. You didn’t always have to invest in the stock market. It’s anything except life insurance contracts and collectives.
Bronson Hill: Yeah, that’s amazing. It’s interesting. I worked at corporate for 10 years doing medical sales. And I remember there was while I was working there. When you switch when you leave a company you could do kind of a rollover and you can actually truly self-direct. Now some just self-directs directed IRAs. They’re not truly as self-directed as others and that’s where you guys come into play.
Where you allow people to invest in all types of different things. I remember I had some conversations with the HR or some of the people in the community. Like well, we don’t really recommend you doing it. They just want to keep you into these kind of general plans. Are you guys doing a lot of kind of non-Wall Street or in non-stock bonds kind of stuff? Or what are some things involved with?
Kaaren Hall: 100%.Yeah we have just under a billion under management all in alternative assets.
Bronson Hill: Wow, all in alternatives. That’s amazing. There are some limitations. I think that you can’t be there’s kind of a self-dealing thing. You can’t like have a rental that you operate or things like that. What are some of the limitations that people should know, if they’re starting one of these or getting involved in certain types investments.
Kaaren Hall: Yeah, there’s a whole framework of things called prohibited transactions. So if you want to be a rulebook person and you want to go deep on this you can look in the eternal revenue code it’s IRC 49 seven. But if you have a rental there are some things you can do without it being prohibited like you can. Screen the tenants you can pick up the rent check, that’s made payable to the IRA.
You can hire third-party vendors to do the work so you can do some property management without it being considered a prohibited transaction. To keep clear prohibited transactions you keep the deals arms length. So that is that you’re not going to have your IRA by property from a disallowed person like your parents or your kids. Or your spouse or yourself, you know, so you stay clear just arms length is the rule.
Bronson Hill: Yeah, yeah, and for a lot of folks I know some people are very familiar with retirement accounts. And they have something going there are different types of retirement accounts. I know there’s a kind of the standard self-directed IRA. There’s also something called a 401 like a solo 401k. There’s a SEP plan, can you just talk about some of the different plans that are out there and kind of who’s eligible for what?
Kaaren Hall: I would love to and just understand all of these are self-directed. So if you can have a SEP It doesn’t mean it’s not a self-directed. It’s self-directed.
So it’s a traditional IRA a Roth a Staff which is a simplified employee pension a simple IRA, which obviously if the government calls it simple, it’s not a savings incentive match plan for employers. But the separately replaced it’s just so much better and then of course you have a solo 401k, which is also self-directing just means you’re investing outside. It just means that your retirement bucket will alternative us.
That’s all.
Bronson Hill: Yeah now I know there’s some there. There’s a lots of there’s some technical things about this once you kind of get set up. It’s pretty general. It’s pretty plug-and-play and there’s generally some minor fees that kind of go along with it and stuff like that.
But how does it work? There’s something called unrelated business income tax, which has a syndicator. We get concerned about because if someone’s in a self-directed IRA and we use leverage to go buy a property. There could be a sneaky tax even that property is sold. Can you talk a little bit about that and just some of the other kind of workarounds that are available for that?
Kaaren Hall: I would love to and it’s another thing we have on our blog if you want to go deep. You can look this up. But yeah, you bid and you DFI sort of cousin twin taxes and again rule book time and I are the IRS, irs.gov publication. 590 talks about okay, so anyone who’s listening, look at the rule book that’s right. But you bid in DFI. So, DFI is unrelated debt financing. So that means if your IRA earns any income at all because of leverage that income not the whole amount returned but that amount that’s based on leverage is tax. And a lot of times when people get into private equity, syndications and that syndication is taking on debt. You don’t a lot of times the investor doesn’t know up front but that means that the IRA is going to need to file a 990 t tax form like you and we do our taxes we do 1040.
Well, the IRA does a 990 so if the asset sponsor is using borrowed money leverage, then the IRA investor in that syndication is going to need to pay that DFI tax and that could be a surprise. It can be and just so people understand it’s something I haven’t you know the syndications we’ve done.
Bronson Hill: I haven’t seen anybody actually been penalized. I’ve heard stories of it It’s not just like it’s a 100 thing, but it can happen where somebody syndication 100k becomes 200k but 80 percent of those was leveraged then maybe that 80 000 of gains that were from the leverage. Could be taxed at normal income which is which is really sneak because people are not expecting to pay that. And so that’s where it is important to you know, have a good partner like Kaaren and their group. They’ll just be able to find resources for what are some changes.
I know there’s a lot of changes continually happening there are some changes with the LLC’s that have happened recently. But every year there’s new changes with IRA’s with limits and different things. But you’re talking about some pretty significant changes that are coming down the pike. Why don’t you talk about some changes that are coming in 2024?
Kaaren Hall: Yeah, you know I’ve been in this industry since 2007 and for the most part nothing has changed. We have all these with their nuances really but one of the nuances is this. This new corporate tax that you have to file. You know have to file register your LLC In the year 2024. You might be familiar with that Have you heard of it?
We have a block. Yeah, but so you can look it up on our website. But what’s important about it is if you have an IRA-owned LLC also called a checkbook IRA. That IRA will need to register and you’ll need to do that this year as soon as possible. You can talk to your tax advisor about how to do it. We know, we can help you, send you in the right direction for how to do that. But what’s interesting is if you have a solo 401k. That has one of these special purpose LLC’s in it.
That’s solo. Okay It does not have to register. You know, that’s a nuance and it’s good to know. But that’s definitely new for this year and then we have a lot a tremendous number of account holders holding that special purpose LLC. And it will affect them all. No, I really do.
Bronson Hill: They’ve done this as well for, this applies for anybody who has a retirement account. But also if you have an LLC like an investment LLC or something like our trust potentially. What’s the reason that the government has done this? I know this has just come out, you know for January 2024 Do you know what did you get a register?
Kaaren Hall: You know, I don’t know It’s probably for public safety or for you know, what I’m saying They’re just doing it. I’m not going to get so no that they’re just doing it We’ll just comply and they’re not asking a lot of information.
Bronson Hill: They just with nothing Yeah. There has been more stuff that have come out too. Even just the some of the know your customer and at least when we’ve been doing funds and I’m sure for you guys as well. There’s the anti-money laundering stuff. There’s a lot of regulations that go into it that it seems like yeah Hey, I’m sorry to interrupt you, but you’re right.
Kaaren Hall: It’s all about safety That’s right. Yeah, the word safety just popped in my head. That’s it It’s about and it’s also about identifying bad actors and how to find them And that can be you know, it can be very helpful because in this space Of course, this is where the money is and so if like why do you rob banks, you know, dylan jerheads because that’s where the money is That’s what he said, you know a hundred years ago.
And so it’s the same thing now IRAs can be subject to fraud and bad actors.
Bronson Hill: So Something that adds a layer of safety is always welcome So speaking of safety, um, you know, it’s it’s when you get an alternative assets. There’s some things that exist in the traditional world in my background I was a registered investment advisor for a few years. And so I see some of the more traditional It was a lot about suitability just getting people into the right investment when people start to manage their own Money or to do their self-directed or checkbook ira type of stuff It really puts the power back into the individual which is great. But there are also just some questions for someone listening is how do I how do I really vet these deals, right?
Because everything can sound great I’ve found you know, every you know, everything sounds great until something goes wrong And it’s like oh, maybe I should have actually paid attention to that or I should have looked at this or whatever And a lot of it’s a learning process But uh, do you have any just kind of some guidelines when it comes to and I’m sure in your blog you have plenty information But just maybe a few kind of highlights that you would you would do share on vetting deals
Kaaren Hall: Well, I’ll tell you this in the Rita organization a lot of times they call on me to do a fraud panel and so I’ve done several because we’ve been able to be crime fighters and to a certain degree and so when you’re brought in a gentleman who Had actually been a fraudster He worked in the Chicago board of you know, what is it, you know commodities? He was in Chicago And so he was he didn’t mean to that’s how a lot of this starts off with everybody has good intentions But then they but then things weren’t going so well And so he tried to like fake it so it looked good and it turned into a Ponzi and it turned Became a big deal and eventually he says look I can’t handle it.
I can’t stand the stress I don’t mean to be doing this and i’m just weighing over my head. So just hey, come come and get me. Here’s the proof on the front. So they said, okay threw him in jail for a number of years and now he’s out and he is helping people to avoid this kind of fraud. And a lot of times you can do all your due diligence up front and everything can be just crystal clear and perfect. But the due diligence has to occur after you invest. And when one of the things you can ask for going in is I want you to tell them I want certified financials I want to see your financials. But with this guy what he did is he faked his financials, he was he was so smart that he was able to make it look like it was certified. Maybe you’re looking at the financials and it has the watermark or a stamp from some sort of some large financial house. Call them and say did you audit this person’s books?
You know And so it’s not just enough to look at the audited financials But call the institution that supposedly did the audit and ask their opinion of the audit you see So it can go pretty deep. And so when you invest, I think a track record is a good thing to look for Because I’ve just seen so many people Even in our small space in in southern California start off with great intentions and end up in a world of hurt. So That’s why you have to be credited is because you have to be able to afford to lose the money Unless you have a crystal ball Sometimes you’re just not going to know that you’re dealing with somebody that runs into a situation where they choose from So I would go with somebody who has a good track record Yeah, and talk to their investors like hey, how was your experience when you pay disagree?
What did that look?
Bronson Hill: Yeah, it’s interesting, you know my book Fire Yourself and then you give out to some of your audience too, which I’m grateful for we talk about, you know how to vet a deal and on one hand like I’ve got some steps in there too. So I’m going to kind of what you suggested and on the other hand like, you know I even do with partners that I work with I typically do a background check on each partner Just to make sure that you know, there’s something I didn’t miss but on that with that said, you know Bernie made off with a passive background check the guy helped start the NASDAQ I mean there are things that like and even like the situation you mentioned where he was actually where Bernie actually came forward and said Hey, this was the name of the scam and he turned it in and there was a book I read I read books on this occasion because it’s really interesting.
There’s a woman I came over her name, but she had the largest Uh, I think in the u.s. History was like a 400 million dollar woman-led ponzi scheme that was about Liquor licenses in California and she had a hard money program for it Whatever and like again, it started out legit, but then she found somebody within chicago title Who basically was able to kind of rubber stamp this whatever so chicago title and getting sued and all this stuff Whatever so sun is even these big endorsements from these bigger groups doesn’t always mean that it’s safe and secure The only thing I can say is you try to make sense you talk to other people you kind of look at everything But you also have some diversification because you know, if If one deal out of 20 goes bad just for whatever reason whether it’s a scam or something goes wrong with the investment Then you’re okay But if it’s like if that’s half your money then you’re gonna be in big trouble So, uh, what do you say about diversification? Is that obviously part of the strategy as well or how like what how do you kind of speak to that?
Kaaren Hall: Yeah, well, I mean when it comes to diversification financial advisors always recommend it and that’s a thing Self-directed ira providers aren’t financial advisors So I think that anybody who’s going to use a self-directed ira is going to need to get financial advice and then execute using This tool of a self-directed ira, but yes, of course diversification It’s just it’s just common sense Right.
Bronson Hill: Yeah, we uh, when I was an investment advisor That was one thing that like it was really hard to tell people And even now you really can’t tell someone how they should allocate their portfolio. And so for me I’m pretty strong on alternative assets. I might be 95% alternative assets some cash and different things whatever but other people be like Oh like five or ten percent is good or should I own gold or should I own like all these different things?
So it’s just but it’s something it’s really difficult just based on someone’s their own risk tolerance their own way that they see things But you know obviously having some diversification can be really good Let’s talk a little bit about kind of the market in 2024 Obviously in real estate the last couple years It’s a very different market than we saw before where you know, interest rates have gone up the fastest in over 40 years We’ve seen you know, obviously if you have single-family houses, you’re doing probably fine because you have long-term debt But we’ve seen some hits in the commercial space particularly things like multifamily with bridge debt or other types of properties office space things like that What do you see kind of I know this is a very broad question but anything you want to say about 2024? Uh in terms to you know rates and kind of where we’re headed and just any opinions you have in regards to your crystal ball
Kaaren Hall: Oh, which I don’t have but I mean what I see, you know What I hear is listening to different podcasts and things but but I mean we really did see things turn out of time I was buying some, you know, single-family homes in the midwest and and then the rates just skyrocketed So I kind of curtailed that for a bit personally But I think what I see how I see 2024 affecting our account holders you mentioned having to For these multi-family deals. They have to go out and get new debt. And they have to get it, you know re-out what do you call that?
They have to re-up their debt or oh, yeah
Bronson Hill: They have to well, they just need to get a they either extend the loan or they go and they refinance and get another loan
Kaaren Hall: Yeah, well because of this we’ve got a lot of capital in self-directed IRA So what that means and this is super important when you have a self-directed account You need to leave money idle cash in there Because if you get a capital call, you need to have your IRA pay That capital call it can’t come from your personal cash So always leave a cushion in your self-directed IRA for emergencies like capital calls or if you’re in straight up real estate What if you need a new roof that can be as you know, as as crazy as rates because it’s an expense Uh, so but I I think I think what the fed has said that they’re going to hold rates for a while So I think they’re going to hold steady is what I believe i’ve heard and I don’t know. We always we always seem to do. Okay peaks and valleys is it’s always been that way.
Bronson Hill: Yeah Yeah, that’s interesting. Um with uh, I’ve actually wondered that i’ve had some investors who want to put cash in but you’re saying If they are going to add funds It has to come from the retirement account For them they can’t just add cash They actually have to have it in a retirement account or else or else it would just dilute them or whatever shares they had in the That’s right retirement account. Okay, interesting And so yeah capital calls are something that we’ve really seen in 2023 and I think we’ll continue to see that into 2024 So I want to ask you a question a little bit, um on the spot here when it comes to types of investments that people Invest a billion dollars under management.
You have Uh, probably tens of thousands of people with accounts that you’ve worked with Over the last, you know 20 years, uh, you know, you’ve done a lot of great things in the space Um, what are what are some of the most unique things that have come across where it’s like, oh, that’s really interesting And I hadn’t really thought anybody could do that like just something really different
Kaaren Hall: The truth of it is most of the deals are pretty vanilla, you know in the sense that we do the same thing over and over again Number one in our whole industry is syndications, you know private equity So that is the number one asset class for a self-directed iron period Notes are also super popular where your ira is the bank and your lending money That’s one kind of note. It can be secured or unsecured another Form of this is buying and investing in you know, performing and non-performing debt.
You’re buying pools of loans Very very popular to do so those are the most popular but I think in my career with the crazy things i’ve seen Which are sometimes too risky that we don’t really take these things on anymore But like one kid he a young man, uh bought some tickets to a super bowl game with his roth ira Did you know a ticket is real estate?
Bronson Hill: Oh, wow, and he was able to resell it and make money with his roth. Correct Is that is that that wouldn’t be self-dealing though if he’s buying and selling it it’s considered investment He just his ira bought it and his ira sold it.
Kaaren Hall: So it wasn’t self-dealing and he didn’t sit there He didn’t you know enjoy the seats personally.
Bronson Hill: Yeah
Kaaren Hall: That was something that he did but that that’s kind of a iffy thing another thing People have invested in some asset classes that turned out to be super risky We don’t do this anymore But like uh, like maybe mango trees or something where you buy a tree when it’s little, you know For a tree and then when it’s grown in say five or ten years, then you’ve got a crop And that that can be an asset class So I would if I was going to invest in something like that I would probably want to do it as a syndication and that would be the asset structure For myself not
Bronson Hill: Plant a tree and watch it grow now. There’s some stories of this where like, the billionaire Peter Teal had a roth IRA that he’d use I think he did startup shares or something It was like a billion dollars literally in like a roth ira And I think I think they changed some of the rules on this because it was good He went from like being worth almost nothing for that account to like a billion dollars
Kaaren Hall: Well, you know what he did, you know The result of that was he created this special investigation by the department of treasury and they wanted to find out every You know large large IRA and are these people are they getting away and not paying taxes?
And the truth of it is no all these people They’re like 400 accounts that are super super large in the entire United States. Yeah, they’re you know in the millions that’s because IRAs are small and you heard of big accounts. Yeah but they found out these people were just following the rules.
They were just playing by the book Using the structure only on a higher level with more zeros at the end Yeah, yeah, it’s amazing.
Bronson Hill: And that’s and that’s I think really good investing Is just trying to find unique things that make sense. So maybe it’s mango trees Maybe something else that it doesn’t have to be super exotic but just finding things that Um that makes sense for for you as an investor and I think some of the best investment strategies are not That sexy, right? It’s just you know, they say great investing should be like watching paint dry or or you know About as exciting as watching grass grow and if you want excitement, which i’m actually going to vegas tomorrow not to have excitement But to go to a conference Um, they go you take 800 and go to vegas and that will give you excitement But with investing it should be uh, pretty boring a lot of famous people say that Um, what are some of the uh, just a couple more questions here and then we’ll kind of get to the end here But I wanted to ask for you.
What’s a uh, what’s what’s a book recommend or a tool That you’ve discovered recently that helps you with your investing or with your life
Kaaren Hall: Yeah, well my favorite book of all time was think and grow rich So that’s not recent that that goes back a while But I just love that book and I always recommend it to people that are that are getting started because it really does teach you the foundations, uh of of what it really takes to you know, the discipline of it and And just and just the approach to life. So I always recommend that one, but I think uh I don’t know when it comes to investing one of the things that I see is I look at other what other people are doing and I see What’s succeeding and failing and the way I do that is by participating in real estate investor groups I know you are active in pasadena.
Phoebe I’ll be speaking there soon and I have Ocearia Orange County Real Estate investors association. So the various you can go on any meetup anywhere and look up, investor clubs. And go find and talk to people what are they doing? What’s succeeding for them? It’s just it’s a wonderful community people are almost always willing to share, hey this this work for me.
This didn’t and that’s where I would go to make decisions to talk to people
Bronson Hill: Yeah, I know it’s really great to talk to people. The book Think and Grow Rich. It’s a great book. I’ve read as well and there’s a quote from that says whatever the mind can conceive and believe it can achieve. And it just goes with a lot of other philosophies like if you can visualize it. If you can see it, if you can keep it in front of you. Have goals read the goals every day and focus on and you’ve obviously done that. I mean I have a billion dollars under management, in the years you’ve done is really impressive car and that’s really amazing. I want to appreciate you for just for coming on the show today. And for also just all the value you add to the industry to individuals. To my life I know you’ve sent me a few blogs. Look at this, look at this and I know you have so much resource. So many resources available for Individuals and investors and it’s really great to be able to partner with you on some of those. How can people get in touch with you and connect with you?
Kaaren Hall: The best way is through our website, which and send us an email at [email protected]. So the small u big d, you know you direct ira.com That’s awesome.
Bronson Hill: Kaaren. Thanks for being here today. I look forward to seeing you soon.
Thank you so much.
And I hope 2024 is an awesome year for uDirect and you as well. Great interview with Kaaren Hall. Just again a lot to share. A lot of value she’s bringing not only somebody who has a company but also a thought leader in that space. And really with her blog if you are interested in these sort of questions around that stuff. Their team as well as the blog is very helpful to learn more because there is there are changes. That are happening here.
There’s changes as she mentioned if you have an entity or some sort of a trust account or something that invests, need to register. So there’s a little more pieces that go into it now of things that you need to do. But I love that quote.
We were talking about at the end about thinking real rich. Whatever the mind can conceive and believe it can achieve and so I hope for you. You have some goals for 2024, you’ve put some things in place so that you can go towards your goals. We are planning the end of this year, likely the first weekend in October the advanced investing summit. We had almost 200 people there last year. We’re hoping for 350 to 500 this year.
It’s going to be awesome. It’s going to be a two-and-a-half day event in LA. Some big-time speakers. We’re going to have more information about that in a little bit. If you haven’t done an investment club go to bronsonequity.com. Check that out and also check out my book Fire Yourself on Amazon where books are sold.
And we look forward to seeing you on the next episode of the Mailbox Money Show.
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