More Money in Your Pocket

Hosted by Jeff Hockett

Business Entrepreneurship Education

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Episodes

108

Latest episode

Dec 2024

Language

EN-US

About the show

Real Estate Agents don’t understand the tax part of their business. They are losing the tax game with every transaction and it is costing them money. Join Jeff Hockett weekly to learn the tax rules, basic and advanced strategies, and the basics of running a business so you can keep more money in your pocket and pay as little in taxes as legally required. If you are new to real estate, have been there a long time, or are thinking of becoming a real estate agent, this podcast is for you.

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60 recent

December 16, 2024Episode 10720 min

John Ensley on Investments

In this episode, we dive deep into: Planning for retirement: transitioning from accumulation to distribution Understanding Roth conversions and their tax implications Diversifying investments to manage risk and maximize returns Protecting your retirement with a volatility shield "Diversification, to me, also means that we have our assets segregated into a number of different buckets. Some of those are fully taxable, some of those are tax-deferred and taxable later, some of those are not taxable." – John Ensley About John Ensley: John Ensley is leading a financial planning revolution to help you take back control of your money, your lifestyle and your retirement plan. John is president of J-Ensley Financial, a registered investment adviser firm in Washington State. He holds a Chartered Financial Consultant® and National Social Security Advisor designation and is one of an elite group of highly trained Bank On Yourself® Professionals. John is passionate about helping individuals, families, and small businesses succeed financially, without taking on unnecessary risk. Connect with John Ensley: Website: https://retirewellwithjohn.com LinkedIn: https://www.linkedin.com/in/johnensley/ Facebook: https://www.facebook.com/JEnsleyFinancial Twitter: https://twitter.com/johnensley Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

December 9, 2024Episode 10611 min

What you should do before the end of the year

In this episode, we dive deep into: End-of-year strategies to maximize tax savings Hiring your kids to save on taxes Benefits of health savings accounts and Roth IRAs Avoiding common tax penalties and misconceptions "Over the years, I have found that most people put things off until the last minute. Well, if that is you, then you only have a couple of weeks left to finish out the 2024 tax year." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

December 2, 2024Episode 10514 min

IRS and State Letters

In this episode, we dive deep into: Understanding payroll tax letters and deposit schedules Recognizing the importance of S Corporation election letters Navigating adjustment, audit, and penalty letters Ensuring compliance with address change and identity verification letters "This time of year, the IRS and the state will send letters to a lot of business owners, and these letters are very important, so it is very important that you open them to see what's in there." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

November 25, 2024Episode 1049 min

Do you have IRS letters?

In this episode, we dive deep into: The importance of opening IRS letters How IRS systems generate letters and common issues Understanding stimulus payments, tax credits, and payment adjustments Why timely action on IRS correspondence matters "The IRS isn’t going to just forget about you or the issue that generated this letter in their system." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

November 18, 2024Episode 10311 min

What are your Luxuries?

In this episode, we dive deep into: The value of time and how to use it wisely Prioritizing health as a business owner Creating a quiet mind to reduce stress and anxiety Embracing travel and meaningful relationships for a fulfilled life "Stop focusing on those luxuries and pay more attention to these six: your time, your health, a quiet mind, slow mornings, ability to travel, and a house full of love." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

November 11, 2024Episode 10215 min

How much do you make per hour?

In this episode, we dive deep into: Determining your true hourly rate as a business owner Tracking time and tasks for effective management Understanding the impact of admin tasks on profitability Leveraging numbers to make strategic business decisions "I highly doubt you would want to work for me or anyone else 80 hours per week and get paid for only 40, so why should your business be any different?" – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

November 4, 2024Episode 10112 min

Do you work for free?

In this episode, we dive deep into: Knowing your value and setting boundaries with clients Tracking expenses to understand profitability Recognizing the true costs of "free" consultations The importance of hourly rate and time management for business success "Making money should be your number one goal. When you’re a business owner, if you don’t know your numbers, then chances are you’re being sold out and not making what you should." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

October 28, 2024Episode 10011 min

What does the future hold?

In this episode, we dive deep into: Overcoming fears in business and personal growth Recognizing the impact of daily habits on success The risks of relying on bad advice Understanding the P&L as the lifeline of your business "Your future is going to change. The economy is going to change. The only way to be prepared is by reading your P&L and understanding the money that’s coming in and the money that’s going out." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

October 21, 2024Episode 9913 min

Building Wealth Part 2

In this episode, we dive deep into: Roth IRA conversions and tax strategies Building wealth through rental properties and 1031 exchanges Understanding depreciation and its tax benefits Long-term planning for estate protection and retirement "Wealth building is a process that takes time, and you can’t take a shortcut." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/

October 14, 2024Episode 9813 min

Building Wealth Part 1

In this episode, we dive deep into: Long-term planning for retirement The benefits of Roth IRA vs. Traditional IRA Tax planning for retirement income Using a Health Savings Account (HSA) for future medical costs "Building wealth is a long-term goal and not saving a few dollars." – Jeff Hockett Connect with Jeff: Website: https://www.hocketttax.com/ Email: jeff@hocketttax.com 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/