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Master Your Millions

By: Dr. Jason and Scott Henderson
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  • Summary

  • The Master Your Millions podcast is about understanding and deploying money to YOUR best advantage. Whether that is through investing in real estate, being your banker, using creative wealth management tools, or other alternative investments. These are all secondary to being a master of money. Join Dr. Jason Henderson and Scott Henderson, a father and son team, who are passionate about teaching how to pass that mastery on to future generations. Listen in as we interview various experts that expand our and your knowledge.
    2002 Master Your Millions
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Episodes
  • Terri Johnson: Unveiling the Secrets of Cost Segregation and Tax Credits

    Terri Johnson: Unveiling the Secrets of Cost Segregation and Tax Credits
    Jul 3 2024
    About Terri Johnson:Terri S. Johnson, CRE, co-founder and managing partner of Capstan Tax Strategies, is dedicated to helping commercial real estate owners and investors achieve significant tax savings through engineering-based tax strategies. With 24 years of experience, Terri is a renowned expert in cost segregation, having authored articles, appeared on podcasts, and spoken nationally. She educates the public on real estate tax incentives and provides tailored training sessions for clients. Terri collaborates with CPAs to simplify complex tax laws, creating tools that distill legislative changes into accessible charts and graphics, and offers client-specific consulting to integrate new regulations into business processes.A past president of CREW Philadelphia and a former director of the CREW Network, Terri also served as a CREW Foundation trustee. She is a Counselor of Real Estate and an associate member of the Pennsylvania Apartment Association-East and AICPA. Recognized by SmartCEO Magazine with the Brava! Award in 2010 and as a Future 50 member in 2017, Terri has also achieved Masters Level in Strategic Coach. She is a member of the Athenaeum of Philadelphia and was named a Rothman Institute Ambassador in 2014. Terri graduated from the University of Alabama, Tuscaloosa, in 1982.In this episode, your hosts, Jason and Scott, together with Terri Johnson discuss:The impact of taxation on wealth accumulation and strategies to reduce unnecessary financial lossCost segregation as a method to accelerate depreciation of real estate assets and increase cash flowGovernment incentives for energy-efficient commercial and multifamily buildingsQualifying for the research and development tax credit by improving processes or designing new conceptsUtilizing depreciation deductions and tax credits to lower tax burden for high net worth individuals who own real estateKey Takeaways:Cost segregation studies can provide significant tax benefits for real estate investors by categorizing components into shorter depreciation periods, particularly when combined with bonus depreciation.The threshold for considering a cost segregation study is typically around $1 million, but it can be lower for portfolios of properties, making it accessible to a wide range of investors.Companies can take advantage of the research and development tax credit by engaging in projects that involve technology, engineering, or sciences, and involve a process of experimentation based in the United States.High net worth individuals who own real estate can significantly lower their annual tax burden by strategically utilizing depreciation deductions and tax credits available to them.Creating a positive company culture and building lasting relationships are key factors in achieving success and leaving a meaningful legacy in one's career."And as I have grown and the world has changed, I have found that much easier to just be myself and to enjoy what I do and hopefully help people along the way. I mean, that's really what it's all about, is relationships.” — Terri JohnsonConnect with Terri Johnson: LinkedIn: https://www.linkedin.com/in/terrijohnsoncapstan/ Website: https://capstantax.com/ Connect with Jason and Scott:Website: https://henderxcapital.com/masteryourmillionsX (Twitter): @MasterYourMs https://twitter.com/MasterYourMs Facebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @henderxcapital https://www.instagram.com/henderxcapital/ @jasonihenderson https://www.instagram.com/jason.henderson/ Email: jasonchem@gmail.com, scott@henderxcapital.com
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    31 mins
  • Bill Barry: Pillar to Post: Entrepreneurship in the Home Inspection Industry

    Bill Barry: Pillar to Post: Entrepreneurship in the Home Inspection Industry
    Jun 26 2024

    About Bill Barry:

    Bill Barry is the owner of Pillar to Post Home Inspectors, a leading home inspection franchise in Idaho. Born in New York City, Bill moved out west with his family and has spent a significant part of his life in Idaho. His entrepreneurial journey began early, with ventures like a window washing and lawn mowing operation during his youth. Over the years, he has diversified his expertise, including drywall contracting, and has continuously worked for himself. Bill's extensive experience as an entrepreneur and his dedication to his various enterprises highlight his innovative spirit and commitment to excellence. Today, he brings his wealth of knowledge to the home inspection industry, ensuring quality and reliability for homeowners in Idaho.

    In this episode, your hosts, Jason and Scott, together with Bill Barry discuss:

    • Bill’s diverse entrepreneurial experiences and insights into the home inspection industry
    • Bill’s journey from New York City to Idaho, where he worked in the drywall trade for nearly 50 years
    • The entrepreneurial mindset, which involves taking risks, seeking freedom, and being adaptable to change
    • The importance of starting a business with an exit strategy in mind
    • Valuable lessons learned from his entrepreneurial journey, including choosing the right partners and constantly reading books for timeless advice and wisdom

    Key Takeaways:

    • An entrepreneurial mindset involves taking risks, seeking freedom, and being adaptable to change, even without a clear mentor or influence.
    • When starting a business, it's crucial to have an exit strategy in mind to ensure a successful transition when the time comes to sell.
    • Choosing the right partners with complementary skill sets is essential for building a successful business.
    • Constantly reading books provides timeless advice and wisdom that can be applied to various aspects of life and business.
    • Focusing on pursuits that bring enjoyment and fulfillment is just as important as chasing success in business.

    "When you choose a partner, choose a partner that has a whole different skill set than you do, and so you can work together synergistically.” — Bill Barry



    Connect with Bill Barry:

    Facebook: https://www.facebook.com/bill.barry.144/

    Website: https://barryteam.pillartopost.com/


    Connect with Jason and Scott:

    Website: https://henderxcapital.com/masteryourmillions

    X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs

    Facebook: https://www.facebook.com/groups/realestateinvestorsofutah

    Instagram: @henderxcapital https://www.instagram.com/henderxcapital/

    @jasonihenderson https://www.instagram.com/jason.henderson/

    Email: jasonchem@gmail.com, scott@henderxcapital.com
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    25 mins
  • Devon Harris: From Waterhouse to the Olympics

    Devon Harris: From Waterhouse to the Olympics
    Jun 19 2024
    About Devon Harris:As an original member of the 1988 Jamaican bobsled team and captain of the 1992 and 1998 teams; 3-time Olympian, Devon Harris achieved his grand dream. His current dream is to inspire others to achieve theirs. As an international motivational keynote speaker, Devon is tapping the same energy, determination, and skills that enabled him to bobsled with the best in the world and is now sparking audiences of all ages to dream big and take their “game” to the next level.Born on Christmas Day, 1964, Devon Harris was raised in the violent ghetto environment of Olympic Gardens in Kingston, Jamaica. The greatest gift he ever received was the belief that a positive attitude and a never-say-die philosophy would carry him farther than a sense of injustice and a heart filled with anger. Devon Harris graduated from the prestigious Royal Military Academy Sandhurst in England and received a Queen’s Commission in December 1985 and served in the officer corps of the Jamaica Defence Force until December 1992 when he retired as a Captain.In this episode, your hosts, Jason and Scott, together with Devon Harris discuss:Devon's journey from growing up in a tough neighborhood in Kingston, Jamaica, to becoming an Olympian and a member of the original Jamaican bobsled teamThe importance of teamwork and mindset in achieving success at the highest levelsThe formation of the Jamaican bobsled team and their experience at the 1988 Winter Olympics in CalgaryDevon's motivational speeches and his efforts to give back to his Jamaican community through the Keep on Pushing FoundationKey Takeaways:With extraordinary goals and desire, practically anyone can become an Olympian, as demonstrated by Devon's inspiring journey from a tough upbringing in Jamaica to the Winter Olympics.Teamwork is crucial for success, and each team member must play their role to the best of their ability while balancing personal ambitions.Despite facing challenges and setbacks, such as the crash during the Olympics, the Jamaican bobsled team's resolve was strengthened, and they were determined to come back stronger.Setting an example through the way one lives their life is the best way to inspire and encourage children, as evident in Devon's positive impact on his own children and his community."The journey to success starts with the individual, but it requires partnering with others to help everyone succeed.” — Devon HarrisConnect with Devon Harris: Website: https://www.devonharris.com/ X (Twitter): https://twitter.com/Keeponpushing88 Facebook: https://www.facebook.com/keeppushing LinkedIn: https://www.linkedin.com/in/keynotespeakerdevonharris/ Connect with Jason and Scott:Website: https://henderxcapital.com/masteryourmillionsX (Twitter): @MasterYourMs https://twitter.com/MasterYourMs Facebook: https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @henderxcapital https://www.instagram.com/henderxcapital/ @jasonihenderson https://www.instagram.com/jason.henderson/ Email: jasonchem@gmail.com, scott@henderxcapital.com
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    36 mins
Leadership Economics Personal Finance
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