People ask me all the time what my secret is to increasing my income and net worth significantly every year. Today, I’m sharing an example of how I do that by thinking outside the box and taking advantage of every opportunity that comes my way. Instead of giving up on trying to find a rental for our annual family holiday vacation, I invested in a used Suburban that’s not only a tax write off, but I can also create a new stream of income on the peer-to-peer car sharing app Turo. Tune in to hear more about how to turn your challenges into major financial wins.

 

EPISODE TIMELINE

( 1:02 ) Welcome back to The Chris Harder Show.

( 1:49 ) Chris gives an update on his Elite Mastermind group.

( 3:59 ) Chris gives some background on why he bought a 2021 Suburban. 

( 7:22 ) Chris explains tax loophole Section 179.

( 9:54 ) Chris shares his plans for renting the car out on Turo.

( 11:36 ) Chris talks about how creative thinking has helped him create new cash flows. 

( 13:30 ) Chris says, “It’s about turning losses into opportunities.”