Aug 22, 2019
I got a chance to interview
Jared Kneitel, my former student of 90 Days to $5K and we have
shared some of the very important information on how to maximize
the return on your retirement saving funds.
Jared was taught from a
young age to go to school, get good grades, get into a great
college, and get a good job. And then save, save, save and invest
as much as you can into 401k's and IRAs.
Aw, good ol' dad. He never
did teach Jared on how to invest. Other than picking a mutual fund
with a target retirement date. He forget to tell Jared about that
part where handing your money over to mutual funds is basically
abdicating control and responsibility for your money.
Fast forward many years.
After having spoken with nearly a dozen accountants and loads of
investment "professionals", and months of conducting his own
research, Jared discovered that it is possible - and entirely legal
- to invest in real estate using funds in retirement accounts.
Now, you'll have to
understand that Jared is a lawyer. And a really good one too. He
loves to research topics and does not stop until he has satisfied
himself that he has found a rock-solid answer. He's written
articles that have been published in highly-revered law journals
and has been the office go-to guy on all things research and
strategy-related.
Jared is originally an
engineer (double-major in electrical engineering and materials
science engineering) from the University of Pennsylvania. Then he
put himself through law-school at night at Fordham University
School of Law while working as a patent agent by day at the world's
number one intellectual property law firm. After a stint as a
fully-fledged patent attorney, he then moved to West Africa.
There, he worked as an
international criminal defense attorney to the most senior ranking
military commander on trial accused of war crimes and crimes
against humanity. Yeah, serious stuff requiring serious legal
know-how and research skills.
Then he moved back
States-side where he was an adjunct professor of law and a public
defender. He was then called up after being hand-selected to
represent the detainees down at Guantanamo Bay.
After all that, he worked at
a solar power startup until they got acquired for a nice exit, and
then an advertising-technology startup. During this time, Jared and
his wife have been actively investing in real estate, from both
their personal accounts and their retirement accounts.
Now, Jared is running
Wealthy 401k to share with you all that he's learned. He loves to
geek out on all things tax-, retirement account-, and real
estate-related. He's been involved in over $5M in real estate
deals.
Jared only teaches what he
has done from personal experience. So, you'll know that the path
has already been blazed and that you can do it too.
Now Jared coaches students
on how to invest your 401k money for Real Estate Investment. To
find out more about this program watch the interview
here.
Also, if you need my help on
how to legally invest your RRSP funds to Real Estate investment or
want to scale your Real Estate portfolio, join my
program 90 Days to $5K.