The Broke Millionaires
Creative wealth building for everyday people.
We document our daily struggles in building wealth while raising a young family. Join us as we talk creative wealth building for everyday people and couples, that are struggling in a down economy.
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The Broke Millionaires
E15: How We Bought a Model X Using Section 179 Depreciation and Ended Up With a Free & Clear Family Vehicle
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Lauryn & Joshua Massari
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Episode 15
In this episode we dive into what section 179 depreciation is, how to utilize it and who it works well for. We outline how we purchased a brand new Tesla Mode X using this method and saved $50,000 in taxes and rebates. We also outline how to transfer this asset from your business to your person living trust after the depreciation has been fully realized.
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