1. EachPod

Did You Know You Can Hire Your Kids

Author
Jeff Hockett
Published
Mon 28 Nov 2022
Episode Link

In this episode, Jeff discuss:

  • How being a real estate agent or a business owner is like riding a bike
  • Running a business requires the right protection. 
  • Hiring your kids to work for you


Key Takeaways:

  • Being a real estate agent or a business owner is very similar to riding a bike – it looks easy, but it’s not, and it takes balance to get there, to learn how to run a business, and to be passionate about helping people find their dream homes.
  • It can be scary and painful to run a business, but with the right protection in place, severe damage can be prevented and you'll end up not wrecking as often, saving you money on your taxes.
  • It is possible to hire your own children to work for you. By doing so, you get to make more money, and your kids can learn some life skills while working for a living without costing you any extra money since you're already paying them for it, but now you also save taxes as you do. 

 

“In life, we have two choices: we can continue to do the same thing over and over and get the same results, or we can learn from our mistakes and make some changes. " —  Jeff Hockett



Connect with Jeff:

Website: https://www.hocketttax.com/

Email: [email protected] 

Twitter: https://twitter.com/taxgamecoach

Facebook:  https://www.facebook.com/hocketttaxandpayroll

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax

Instagram:  https://www.instagram.com/hocketttax/

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