The future of AI is a topic of discussion in this soliloquy by R. Kenner French. He emphasizes the importance of being on the right side of AI and becoming a leader in the industry. The ethical components of AI are also highlighted, with the need for leaders to shape the future of AI in an ethical manner.

Those who do not adopt AI may be left behind and potentially replaced by artificial intelligence. The potential benefits of using AI in business and expanding one's role at work are also mentioned. The soliloquy concludes with a reminder to invest time and resources in learning about AI to be part of the conversation and help shape its future.

Takeaways

• Being on the right side of AI and becoming a leader in the industry is advantageous.

• Ethical considerations are important in shaping the future of AI.

• Those who do not adopt AI may be left behind and potentially replaced by artificial intelligence.

• Using AI in business can lead to growth, efficiency, and expanded roles at work.

• Investing time and resources in learning about AI is beneficial for individuals and organizations.

Sound Bites

• The future of AI, will it be on the right side or the wrong side?

• If you're not adopting AI, you're probably not going to be at the forefront.

• Ethics aside, someone is going to be pushing the envelope as far as ethics go.

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R. Kenner French shares three tax hacks for real estate investors. The three hacks discussed are: 1) utilizing a defined benefit plan to lower tax liability, 2) taking advantage of R&D tax credits for artificial intelligence investments, and 3) setting up a captive insurance company for risk mitigation and tax benefits.

These hacks can help real estate investors save money legally, morally, and ethically.

Takeaways

• Utilizing a defined benefit plan can lower tax liability for real estate investors, especially if they have no employees.

• R&D tax credits can be obtained for investments in artificial intelligence, providing a dollar-for-dollar tax credit.

• Setting up a captive insurance company can offer tax deductions and allow for better management of funds.

• These tax hacks can help real estate investors save money legally, morally, and ethically.

Sound Bites

• I have three tax hacks for real estate investors.

• Defined benefit plans may lower your prior year's tax return.

• R&D tax credits. Oh my gosh. Especially nowadays, everyone's doing artificial intelligence.

Listen & Subscribe for More:

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If you have any questions in general you can reach our office at:

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Phone: 415-212-8189

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

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Chris Johnsen, a civil attorney specializing in business law, shares insights on selling a business and the importance of building structures and systems to make a business more marketable. He emphasizes the need to start thinking about selling a business about five years in advance and recommends resources like the book 'Clockwork' and the podcast by John Warrillow.

Chris also discusses the significance of having clean and organized books, the role of attorneys in the selling process, and the benefits of infinite banking and self-directed investing.

Takeaways

• Start thinking about selling a business about five years in advance and focus on building structures and systems that make the business more marketable.

• Having clean and organized books is crucial for a successful business sale.

• Consider working with an attorney to navigate the selling process and protect your interests.

• Explore the concept of infinite banking and self-directed investing as alternative financial strategies.

Sound Bites

• Start thinking about these things about five years out from the time that you want to sell your practice.

• The number one deal killer is messy books.

• It makes sense to meet with an attorney early on, even right after starting a business, to optimize the rate of return when selling.

Listen & Subscribe for More:

🎧 The Vast Voice Podcast → Available on Spotify & Apple Podcasts

▶️ Subscribe to VastSolutionsGroup.com on YouTube for expert insights! 🚀

If you have any questions in general you can reach our office at:

VastSolutionsGroup.com

Phone: 415-212-8189

Email: info@vastsolutionsgroup.com

Monday-Thursday 8:00 AM – 5:00 PM (Pacific)

Thank you for listening!