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A Guide from a Business Owner Who Retired at 55
Manage episode 374020698 series 3472895
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Michael Guthrie is a business owner who created a multimillion-dollar ATM machine business. He used that business income to invest in over 8,700 apartment units across multiple markets which now provide a passive income stream. He now capital raises and syndicates apartment complex and other assets to bring this knowledge to other business owners with his company Pacific Capital LLC.
On this podcast, Mike Guthrie shares his journey from being an X-ray tech to starting an ATM company and the challenges he faced in planning for retirement. He emphasizes the importance of investing in tax-advantaged assets to reduce your tax bill and diversifying income streams. Mike discusses the benefits of investing in real estate, including multifamily properties and triple-net leases. Mike highlights the importance of continually reinvesting in education and seeking advice from experts in order to make informed investment decisions.
Host Contact Details:
Brian O'Neill - Passive Capital Partners
For more tips and advise for business owners looking to invest outside the stock market and reduce their taxes, follow me on my social media channels:
Facebook: Brian.Oneill.Investor
Instagram: Brian_Oneill_Investor
Youtube: Harder Working Money
Linkedin: brian-oneill-pcp
Guest contact details:
(509) 270-6701
19 episodes
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