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Intriguing book, packed with counter-mainstream information about investing that was highly educational, even for a CPA.

Synopsis

You make a good salary, and you’re putting away savings that barely keeps up with the cost of living. You need a professional, trustworthy team to build your passive income cash flow.

In The Wealth Elevator: Real estate syndications, accredited investor banking, and tax strategies for first-gen millionaires, real estate investor and fund manager Lane Kawaoka shows you how to ascend the investment floors to financial freedom.
Discover how to:

â—Ź Take the elevator from rentals to syndications to private funds and more
â—Ź Generate cashflow of $0 to $25,000 to $100,000 per month
â—Ź Harness legal tax strategies to protect your wealth
â—Ź Own your money with Accredited Investor Banking
â—Ź Make the ideal connections for your Family Office
â—Ź Build your legacy, as you reach net assets of $10 million and beyond

Using this proven system, investors typically reach financial freedom in four to seven years. The author Kawaoka, a multi-billionaire, gives you the elevator. It’s so easy, it’s almost boring.

The Wealth Elevator has highly piqued my interest into the real estate investing world. Although fairly young, and fairly novice as an investor with a very modest net worth, as a CPA, I do consider myself fairly well educated and financially literate. Despite that, I still learned a lot from this book and was introduced to several concepts I had yet to be exposed to. In brief, The Wealth Elevator walks the reader through various stages of real estate investing, where each stage is another floor on the elevator, that must be ascended mostly in sequence. Although each floor is a little different, they are all comprised of what Lane refers to as "alternative investments". By breaking away from mainstream investments, such as 401Ks, and switching to these alternative investments that comprise various arrangements of real estate assets, an investor is able to realize truly passive income and several tax benefits.


It's challenging to sum up the strategies and the logic behind each of those strategies without creating a review that feels too full of buzz and too sales-like and too fishy to be true. And I suppose that is very much the challenge that Lane faces in describing these investment strategies all the time. I will say this - The Wealth Elevator provides a very solid overview of several real estate investment and tax strategies with little fluff. It's all meat. And although they seem counterintuitive and you will have a hard time at first wrapping your head around how it's possible to implement and reap the proposed benefits, the book is the intro and lists all the resources to fully dive in.


You aren't going to implement these strategies over night. This is a long-term game described here. And this book is really the start of implementing that long-term game, if you want to take it. I'm certainly intrigued and I plan on taking a deeper dive myself. I plan on passing this resource on to others in my network and getting their thoughts, rereading, getting into the resources offered in the book, and slowly discovering the floors on the elevator with baby steps. As difficult as it is to grasp, its intriguing as heck just because of the possibilities.


If you're looking for ways to invest differently and amass a higher net worth that the vast majority of people, I highly recommend starting here.

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I studied business but have always been interested in personal and team leadership psychology. My dream is to find the intersection of leadership, business and service in my career and to write books about my journey. Author: Stay the Course Exploring the 5 Major Pillars of a Life of Authenticity

Synopsis

You make a good salary, and you’re putting away savings that barely keeps up with the cost of living. You need a professional, trustworthy team to build your passive income cash flow.

In The Wealth Elevator: Real estate syndications, accredited investor banking, and tax strategies for first-gen millionaires, real estate investor and fund manager Lane Kawaoka shows you how to ascend the investment floors to financial freedom.
Discover how to:

â—Ź Take the elevator from rentals to syndications to private funds and more
â—Ź Generate cashflow of $0 to $25,000 to $100,000 per month
â—Ź Harness legal tax strategies to protect your wealth
â—Ź Own your money with Accredited Investor Banking
â—Ź Make the ideal connections for your Family Office
â—Ź Build your legacy, as you reach net assets of $10 million and beyond

Using this proven system, investors typically reach financial freedom in four to seven years. The author Kawaoka, a multi-billionaire, gives you the elevator. It’s so easy, it’s almost boring.

Chapter 0—Introduction

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki



The Hamster Wheel of Money


You’ve worked hard to get where you are: a respected professional with a stable job and steady salary, promotions, and bonuses; a bright career; or maybe your own business. You might be an engineer, doctor, pharmacist, pilot, accountant, firefighter, teacher, or any other professional. Or you’re a business owner wanting to sell a mature business and transition to a passive professional investor.


You’ve done all the right things to play the game the way society told you to: maybe you have a spouse, children, a home in a nice neighborhood, a reliable car, a 401(k) or other retirement plan, and savings for the children’s college fund. You see yourself as thrifty, but cut loose to splurge now and then on a vacation to create memories with the family, and maybe the occasional high-tech toy.


You’ve played by the rules, built the expertise within your vertical, got along with most people, loved your parents and friends, and put in the long hours to get what you have. You’re responsible and honest: a good worker bee.


Yet you feel trapped.


The excitement you once felt at work has turned into a dull burden. Maybe you don’t like your boss, your peers, or those you now manage. Maybe a coworker was promoted over you. Or maybe you just don’t like what you do anymore. You would rather have more time to spend with your family during their younger years. But the idea of getting another degree or transitioning your career tires you even more.


The thought of having to slave your way through work for many years more, before your kids go to college (or after, to pay that bill), weighs heavily on your shoulders. Maybe a decade or more of office politics, increasing expectations for more production, and never being able to fully unplug from the office seems like a heavy sacrifice for that traditional retirement plan.


You’re on a hamster wheel of life—getting up for work, paying the mortgage, spending weekends with your family. You love your family, but you spend more time working, with less time for sleep.


Your bank account steadily goes up by a few thousand every month, but you wonder, How am I going to afford sending my kids to college? By the time they’re ready for university, the tuition might be $100,000 a year.


That question unleashes more: Will I ever get ahead with my current job? My salary has increased over the years with promotions and the obligatory inflationary increases, but aging out of the workforce is a real worry. It would be nice to have the means to not work anymore.


Or: How am I going to save for retirement? Having a net worth of $1 million or $2 million just does not seem like enough.


You don’t have time to manage investments, but you want to make your savings work for you. After all, you have substantial investable funds—you’re able to put away $10,000 to $50,000, or even $100,000+, a year. Your 401(k), Roth IRA (individual retirement account), or other qualified retirement plans (QRPs) are taking advantage of the company match, and are even close to being fully funded year after year. But you feel like you could be doing a lot better, and you’re getting killed with taxes.


You wish you could find another way.


You know that passive income is a solution, and you hear how the wealthy don’t pay much in taxes. But how do they do it?



Question the Status Quo


You’ve gone online to search for investment solutions. But the stock market is too volatile, cryptocurrency feels like the Wild West, filled with scams, and real estate rentals require too much work. Furthermore, individual stocks and bonds, cryptocurrencies, or commodities stress you out watching volatile indices and click-bait financial headlines every day. Owning short-term rentals on Airbnb and VRBO causes more headaches—and isn’t recession-proof when people stop taking vacations when the next recession hits.



[DESIGNER: CREATE PULLOUT BOX]

You’ve heard your friends’ stories about making 20 percent or more in returns every year. Or $5,000 to even $50,000 in monthly passive income.

[DESIGNER: END PULLOUT BOX]


Then you came across or heard from friends about other forms of real estate investing: turnkey rentals, syndications, and even private real estate funds. You’ve heard their stories about making 20 percent or more in returns every year. Or $5,000 to even $50,000 in monthly passive income. Really? Is it possible? Fantastic for them. You trust your friends. But who knows what’s really going on in other people’s bank accounts and tax returns. After all, credit cards let people create any lifestyle they want with unhealthy debt.


You want to know more. But the noise from the get-rich schemes like Amazon eCommerce, Forex (foreign exchange market) trading, website funnel building, and drop-shipping is overwhelming. They all give you that same feeling as when some long-lost friend from college hits you up to join them in the latest multilevel marketing opportunity.


You wish you had a professional, trustworthy team to steward your savings into real investments—ones that weren’t made for the masses like what the financial planners are selling with their high fee and commissioned investment products. There has to be a way to create passive cash-flow income to achieve financial freedom.


You want a way to make passive income the same way you’ve grown your career and family: with responsibility, honesty, and integrity.


Let me share with you the Wealth Elevator, a system for reaching financial freedom in as little as four years.


The Wealth Elevator is a proven, methodical, and even boring way of building monthly cash flow and generational wealth. Once you learn the system, you can exponentially accelerate your cash flow and stack your wealth. You will understand the ins and outs of real estate syndications, banking for accredited investors, and tax strategies, so you can become a first-generation millionaire.


By this, I mean the first generation to reach net worth of $1 million in assets (minus all liabilities)—the first generation to create significant wealth that you can pass on to your family for generations to come. Once you reach financial freedom with the option for early retirement, your biggest problem will be figuring out how to spend money in meaningful ways as you grow into an individual who values time and health more than money.


The Wealth Elevator Way


This book is written either for the average Joe making a great professional salary, or for the high-income earner. It’s not for someone with innately special outlier talent, or someone who inherited a large net worth as a trust-fund kid.


You most likely have not founded a multimillion-dollar company. You probably also have not inherited millions of dollars of investable capital from your parents. However, what you probably do have is a well-paying job or income source, and the ability to join a community of like-minded investors to get on the prudent path to wealth: riding the Wealth Elevator system.


The tactics and strategies used in this book are far from the traditional path. This is the alternative road to wealth building. The Wealth Elevator is the quickest and safest path to financial freedom. It lets you climb the floors of wealth building to expedite your ascent to the top.


And where is that? For my clients, that means anywhere from $10,000 to $50,000 in passive income per month. Per month. That’s as much as $600,000 a year—basically, their money grows at a faster rate than they can spend it!


Using my strategies, I’ve seen clients go from $0 passive income to designing the affluent lifestyle they want. Among my clients, the immediate goal is $10,000 to $25,000 per month, in four to seven years—which gives them financial freedom and the ability to ascend into the higher-net-worth ranges for increased legacy creation. For some, this passive-income goal can be achieved in just a few days. And for high-income earners, it can save them $100,000 to $300,000 a year in taxes—every year!


Once they reach their freedom number (you will choose yours in chapter 2), my clients never have to work again (say goodbye to trading time for money!). They can focus on quality of life and pursuing their purpose, their higher reason for living. Or, they can go back to work and enjoy it, knowing they are there because they want to be.


Who am I to say this?


An engineer by profession, I became a real estate millionaire by age thirty-one and left my engineer day job by age thirty-five.


As of this writing, I control a real estate portfolio worth more than $2.1 billion. This includes more than seventy apartment complexes, office buildings, self-storage facilities, and other developments that serve the workforce (lower middle-class) population. My company has also pioneered Accredited Investor Banking™ and tax-minimization strategies, creating a holistic system for accelerating wealth.


I’m committed to serving working professionals trapped in the world of traditional investors. I started there myself, and I understand you deserve help the most. As part of the middle-class workforce, you are producing the most for society. But the wealthy and poor pay little or no taxes . . . Instead, you—the shrinking middle class—pay the bulk of them.


I’ve empowered others like you through my bestselling first book, The Journey to Simple Passive Cashflow: Real Estate Investing for the Working Professional. Now, I share a more comprehensive system in this book, The Wealth Elevator, so you can reach financial freedom at your speed.


Financial freedom for regular people is possible—but it requires a specific set of strategies and connections.



The Wealth Elevator Action Plan


This is your blueprint to the Wealth Elevator. This is your way to avoid spending years investing in real estate wholesaling, flipping homes, or being a stressed landlord. It leapfrogs you into a system that cuts your time to financial freedom by a third.


Unlike other books that fill your head with good ideas but no actionable direction, I’d like to offer you a strategy consultation with me. This is a no-BS sales call with me (not some random sales guy) and my gift to you for reading this book.


Now you can stop chasing wealth. Define your goal and hit it. Pick your equity investments based on your passive cash flow and tax goals. Surround yourself with the right ecosystem, put yourself on this fast path, activate cruise control, and then relax and enjoy your life.

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About the author

Lane Kawaoka, author of The Wealth Elevator and The Journey to Simple Passive Cashflow, shares strategies for building wealth through real estate and alternative investments. A former engineer, Lane now manages a nationwide real estate portfolio, helping others achieve financial independence. view profile

Published on January 01, 2025

40000 words

Genre:Business & Management

Reviewed by