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In this episode of Adam Talks, IRA Financial’s Adam Bergman Esq. discusses the differences between a Roth conversion and the Backdoor Roth IRA strategy used by high-income individuals.
Learn about Roth Conversions: https://www.irafinancialgroup.com/learn-more/self-directed-ira/what-are-the-advantages-of-converting-a-traditional-ira-to-a-self-directed-roth-ira-llc/
Read more about the Backdoor Roth: https://www.irafinancialgroup.com/learn-more/self-directed-ira/roth-ira/the-backdoor-roth-ira/
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About IRA Financial:
IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.
Learn More: https://www.irafinancialgroup.com/about-us/
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Napoleon Hill – A Review of the Life and Works of Napoleon Hill
Napoleon Hill was born in a single room cottage in the Appalachian township of Pound in Virginia. His mother passed away when he was only ten. Hill’s father married again two years after the death of his wife. In his early teens, Hill started writing as a mountain correspondent for rural community newspapers in the region around Wise County in Virginia. Later on, he made the most of his wages as a correspondent to get into Law College. But he had to withdraw before long as a result of his dire monetary situation.How to Invest Money in Hot Property and Get Good Returns
You shall invest your money in a location that is having a great scope to give good returns. The location shall have at least a few houses which are already constructed and occupied. If they are very well constructed with good design and produce a kind of impression that the location is beautiful to stay, it is definitely the right place to invest your money.How to Rent Portion of Your Home and Save Money
Renting a portion of your home is the way of saving money. This option may not make you rich but will give you some extra money for your daily needs. You can use the money generated through rent to renovate your home.Invest in Home or Flat to Get Great Returns
Buying a house when compared with a flat has specific advantages and disadvantages. Flats always come with fixing rules that you need to follow. Some of the apartments associations want allow you to give you a portion of your flat for rent.Cultivate Productive Habits and Accumulate Mammoth Wealth
Wealth building and habits are like married couples. Productive habit is a critical factor in wealth building. Unproductive habit is however the pathway to poverty. Without cultivating productive habits, wealth creation becomes impossible. Studies have revealed that the rich are those who have acquired productive habits.