Jim Pfeifer - Frustrated Financial Advisor Turns to Passive Investing

Not many people know a tax strategy Jim is practicing in his passive investments.  Watch this week's episode to learn more about the lazy 1041 tax strategy and how to be tax free in your investments! Jim is a former financial advisor who became frustrated with the one-path-fits-all approach of the standard financial services industry.  Jim now concentrates on investing in real assets that produce cash flow and is committed to sharing his knowledge with others who are interested in learning a different way to grow wealth. Jim not only advises and helps people get started in passive real estate syndications, he also invests alongside them in small groups to allow for diversification among multiple investments and syndication sponsors.  HIGHLIGHTS FROM THE EPISODE  00:00 - Coming up  00:14 – Intro  00:54 – Welcome Jim to the show  01:26 – Jim shares his background  06:08 – What his opinions are about a 401K  11:13 – He shares his journey into passive investing  17:20 – What strategies he practices  27:08 – What is Left Field Investors  32:15 – Book recommendations  LINKS FROM THE EPISODE  Book - Hands off investor by Brian burke https://www.amazon.com/Hands-Off-Investor-Insiders-Investing-Syndications/dp/1947200275  Podcast – Cash Flow Connections by Hunter Thompson https://cashflowconnections.com/  Podcast – Wealth formula by Buck Joffrey https://podcasts.apple.com/us/podcast/wealth-formula-by-buck-joffrey/id718416620  CONNECT WITH THE GUEST  Website: www.leftfieldinvestors.com  Email: [email protected]  CONNECT WITH THE HOST  Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @salesguyinvestor  Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/