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The Logan Allec Show

Author: Logan Allec

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Let's thrive together! The Logan Allec Show provides straight answers to financial questions and the latest updates that affect YOUR pocketbook.
469 Episodes
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Investing in real estate can be a great move, but does it really save you on taxes?  You hear a lot about real estate tax benefits like depreciation, amortization, and cost segregation, but what do these mean to the average part-time rental property investor?  Find out about real estate tax benefits and what they mean to your tax situation in this episode!➡️ My FAVORITE Passive Income Idea: https://youtu.be/qe7MWhx-e1A➡️ Don't Make These ROTH IRA MISTAKES: https://youtu.be/IJrm51MjIes➡️ What Is an LLC?: https://youtu.be/6OAdA1EX9pg
Roth IRAs are a great way to invest with tax-free growth, but with a tax benefit this good, there are definitely some pitfalls to watch out for.  In this episode I break down 15 of the worst IRA mistakes I've seen as a CPA.  Whether it's contributing too much to a Roth or not understanding the backdoor Roth IRA rules correctly (including the pro-rata rule), you definitely want to avoid these Roth IRA blunders to maximize your retirement investing.Other Videos Mentioned:- Traditional vs. Roth IRAs: https://youtu.be/kUiY-QnrSu8-  How to Open Up a Backdoor Roth IRA With Vanguard: https://youtu.be/oSfHF-WUb6k- The Allec Family Vlog: https://youtube.com/TheAllecFamilyPrograms (Use Coupon Code YOUTUBE for 50% Off!):🎓 Prosper: https://www.loganeducation.com/prosperFree Downloads:💸 75 Ways to Save an Extra $100 This Month: https://www.loganeducation.com/75-way...🤑 15 Referral Programs That Make Me Over $20,000 a Month: https://www.loganeducation.com/15-ref...
When people talk about saving money by budgeting, they're usually talking about finding ways to cut your expenses.  This means looking for things that you spend money on that you really don’t need to.  But in fact there are some things where I would say that you should fight the impulse to save and just go ahead and spend the money. Yes it’s an expense, yes it’s going to hurt your bank account today, but sometimes you’re going to get more out of that expense than the money is worth. So in this episode I'm sharing with you 10 smart ways to spend $100.  
Last week, Chase rolled out HUGE changes to its Chase Sapphire Preferred and Chase Sapphire Reserve cards.  These changes could definitely change the calculus of which of these cards is better for you, and in this video I break down all the changes and what they could possibly mean for your credit card strategy.  Click SHOW MORE to see my card links! 👇➡️ My Chase Sapphire Preferred Link: http://go.moneydoneright.com/Chase-Sa...➡️ My Chase Sapphire Reserve Link: http://go.moneydoneright.com/Chase-Re...My Other Chase Sapphire Videos (note that these videos were published PRIOR to the recent changes discussed in this video):➡️ Chase Sapphire Preferred Review: https://youtu.be/9g8EN28X19Y➡️ Chase Sapphire Preferred 100k Signup Bonus: https://youtu.be/Svovb5PLSd0➡️ Chase Sapphire Reserve Review: https://youtu.be/930pdAOUHfc➡️ Chase Sapphire Reserve vs. Preferred: https://youtu.be/M3Vt8XVFV6YMy Other Credit Card Videos:➡️ Best Credit Cards Right Now: https://youtu.be/3EYNsjjVOTw➡️ 7 Credit Card Myths That Just Won't Die: https://youtu.be/pqbuixVTINU➡️ Are Credit Card Rewards Taxable: https://youtu.be/w0nyJQ10snQ
In this Amex Gold Card Review for 2021, I go over the features of the American Express Gold Card (or lack thereof), its fees and rewards, its pros and cons, and more!  I also walk through two examples of kinds of people or situations where this card might be a good fit along with two kinds of people or situations where I’d probably recommend you get another card.  Click SHOW MORE to see my card links! 👇➡️ My AmEx Gold Link: http://go.moneydoneright.com/american...
In this episode, I compare the Chase Sapphire Reserve vs. the Chase Sapphire Preferred.  These are two popular Chase credit cards that I've done separate reviews for here on the channel (links to my separate reviews are below).  Click SHOW MORE to see my card links! 👇➡️ My Chase Sapphire Reserve Link: http://go.moneydoneright.com/Chase-Sa...➡️ My Chase Sapphire Preferred: http://go.moneydoneright.com/Chase-Sa...DISCLAIMER: The information in this episode is accurate as of the publishing date.  Chase will be releasing updates to both the Chase Sapphire Reserve and the Chase Sapphire Preferred on August 16, 2021.  I will be releasing an update video after these changes are released.
In this episode I explain what an LLC is, how an LLC compares to other kinds of entities you can form, whether or not an LLC will give you tax benefits, and the pros and cons of LLCs. ➡️ My $1,000/Hour Side Hustle: https://youtu.be/qe7MWhx-e1A➡️ My Namecheap Link for Domain Names: http://go.moneydoneright.com/Namecheap➡️ Our Family Vlog: https://youtube.com/TheAllecFamily
Today I am talking about filing previous years' taxes, also known as back taxes.  I tell you how to file your back taxes step-by-step, how many years back you can (and possibly should) file your back taxes, and more!  ➡️ Email backtaxes@loganallec.com to get help with filing your back tax returns!There are many consequences to not filing your tax return, and it's generally in your best interest to file your back taxes as soon as possible.  You should also be aware of the interest and penalties that accrue on back taxes because they can be significant, especially the penalties.  Thankfully, in this video, I cover how the penalties are calculated and how you can possibly get rid of them.  And even if you don't owe taxes, you still want to file to secure your previous year's tax refund.  If you're wondering how many years back you can get a tax refund, I cover that too.➡️ Email backtaxes@loganallec.com to get help with filing your back tax returns!⬇️ More Tax Relief Videos:- My Offer in Compromise Basics Video: https://youtu.be/tR3uaqJE86o- My Offer in Compromise Formula Video: https://youtu.be/1jDj6yHnjMI
If you've already spent money, you might as well make the most of it!  In this episode I go over 8 ways to save money you've already spent.IRS Tax Relief:➡️ Do you need to file old tax returns?  Email me at taxrelief@loganallec.com.If you have good credit, check out my $1,000/hour side hustle:➡️  https://youtu.be/qe7MWhx-e1A
Selling tradelines is the practice of making money by adding authorized users to your credit cards.  I personally sell tradelines and make over $1,000 every month, and it takes me less than an hour of my time. ➡️➡️➡️ Get a FREE QUOTE from my broker by emailing me at tradelines@loganallec.com and letting me know in your email:- what year you opened each of your cards- the credit limit for each of your cards.
In this Betterment review for the year 2021, I cover everything you need to know about the popular Betterment investing platform.  I'll give you a complete Betterment walkthrough in this video, covering how to set up a Betterment account, the Betterment portfolios, the Betterment fees, and more.  I'll also give you the Betterment pros and cons and tell you what kinds of people Betterment is good for and what kinds of people Betterment probably isn't the best for.➡️ MY BETTERMENT LINK: http://go.moneydoneright.com/betterment➡️ MY DOSH LINK: http://go.moneydoneright.com/dosh📄 SMART BETA ARTICLE: https://betterment.evyy.net/c/463361/...📄 TAX LOSS HARVESTING ARTICLE: https://betterment.evyy.net/c/463361/...
The advance payments of the 2021 Child Tax Credit begin today!  Have you received yours yet?IRS Tax Relief:➡️ Do you need to file old tax returns?  Email me at taxrelief@loganallec.com.
In today's episode, I share with you the IRS's most recent update (from today, June 13) on the $10,200 unemployment exclusion adjustment.IRS Tax Relief:➡️ Do you need to file old tax returns?  Email me at taxrelief@loganallec.com.
Making money from home is a dream for many.  And survey sites often capitalize on this dream.  So in this Swagbucks Review for 2021 I take an hour of my time to take surveys on Swagbucks and tell you EXACTLY how much I made.  So is Swagbucks legit?  Is Swagbucks worth it?  How much can you make with Swagbucks?  Those are the questions I answer in this episode!➡️ My Swagbucks Link (But Please Watch At Least the End of the Video to See How Much I Actually Made): http://go.moneydoneright.com/swagbucks➡️ My Rakuten Link ($30 Bonus): http://go.moneydoneright.com/rakuten
In today's episode, I talk about how you can now update direct deposit information in the Child Tax Credit Update Portal.➡️ IRS Child Tax Credit Update Portal: https://www.irs.gov/credits-deduction...➡️ The 2021 Child Tax Credit Explained: https://youtu.be/4G6UrFdMKmo➡️ Child Tax Credit Update Portal Walkthrough: https://youtu.be/JLi9jUNmdaA➡️ Q&A on Unenrolling From Advance Child Tax Credit Payments: https://youtu.be/effmJvY8SB0➡️ New Non-Filers Tool: https://youtu.be/PCSikQUxe2U
In this Motley Fool Stock Advisor Review for 2021, I go over my thoughts on The Motley Fool, whether The Motley Fool is worth it in my opinion, the performance of The Motley Fool Stock Advisor picks over the period of a few months, and The Motley Fool pros and cons.➡️ My Motley Fool Stock Advisor Link: http://go.moneydoneright.com/MotleyFo...➡️ When I Invested $11,000 Into Motley Fool Stocks: https://youtu.be/Peeg4UV6uzU➡️ Do you need to file old tax returns?  Email me at taxrelief@loganallec.com.
In today's episode, I go over unenrolling from the advance 2021 Child Tax Credit payments to parents: why someone would want to do it and what the deadlines are.Back Tax Returns:➡️ Do you need to file tax returns for previous years?  Email me at taxes@loganallec.com.IRS Tax Relief:➡️ Do you owe the IRS more than $10,000 in back taxes?  Email me at taxrelief@loganallec.com and let me know how much you owe by year.
In today's episode, I go over the two new tools the IRS released today pertaining to the Child Tax Credit: the Child Tax Credit Eligibility Assistant and the Child Tax Credit Update Portal!IRS Tax Relief:➡️ Do you owe the IRS more than $10,000 in back taxes?  Email me at taxrelief@loganallec.com and let me know how much you owe by year.
Rich Dad, Poor Dad by Robert Kiyosaki has become a go-to book for many would-be business owners and entrepreneurs.  I actually read this book as a teenager, and I believe it has its pros and cons.  In this Rich Dad, Poor Dad review I tell you three things I love about Rich Dad, Poor Dad and three things I hate.Rich Dad, Poor Dad Book:➡️ https://amzn.to/3xJRNV3IRS Tax Relief:➡️ Do you owe the IRS more than $10,000 in back taxes?  Email me at taxrelief@loganallec.com and let me know how much you owe by year.
In today's video, I go over the announcement the IRS released today and walk you through the new non-filers tool!IRS Non-Filer Tool:➡️ https://www.irs.gov/newsroom/irs-unve...Most Recent Video on 2021 CTC / Monthly Payments to Parents:➡️ https://youtu.be/gJuG8ldXB8YIRS Tax Relief:➡️ Do you owe the IRS more than $10,000 in back taxes?  Email me at taxrelief@loganallec.com and let me know how much you owe by year.
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