The Wealth Elevator
@Wealth_Elevator
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📗 Bestselling Author 🎙️Top-50 Investing Podcast 🏢 RE Syndicator 📈Accredited Investor 👷 Ex-Engineer
Joined May 2016
[Whitepaper] Oil & Gas Investment Tax: Save You Six Figures Plus a Year? Short version: If your problem is ordinary income (W-2/1099/business), you need ordinary deductions. That's where properly structured O&G can help. #TaxPlanning #OilAndGas
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Looks like they just took the cat out of the bag. What's your prediction on interest rates later this week?
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Operators love showing 2x returns by tweaking ONE number: the exit cap rate. A 0.5% change can turn a mediocre deal into a "home run." Real talk: If every deal is a winner, none of them are. Conservative underwriting = better sleep.
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"We don't drill dry holes anymore." Modern oil investing isn't wildcatting with 10-20% success rates. It's partnering with billion-dollar operators in proven fields. Horizontal drilling = predictable cash flow. Reliability > speculation.
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Most people think Chevron owns drilling rigs. They don't. They lease $100M rigs on day rates from contractors. Once a rig hits location, it runs 24/7 until done. Big Oil is asset-light. They own wells, not equipment. Same as hotels vs brands.
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Most people think fracking is optional for oil & gas. It's not. Tight reservoirs have ZERO natural fractures. Without hydraulic fracturing, these wells are economically worthless. No fracking = No energy production.
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Your envy isn't a character flaw—it's data. That uncomfortable feeling when you see someone's success? Your amygdala is flagging opportunity. Most people suppress these emotions. Smart money listens to them. Your brain: "This matters."
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Giving your kid a paid-off rental is like handing them a participation trophy. No friction = no drive. I've seen this with wealthy families. Kids who inherit turnkey cash flow never develop the hunger. Struggle creates competence. Comfort kills it.
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Social isolation increases your death risk by 50% over 10 years. Yet high achievers treat friendships like an afterthought. You schedule meetings. You plan investments. Why not schedule friend outreach? It's literally life or death.
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If you'd like a free copy of my best-selling book, email team at the wealth elevator dot com and tell us how you found us. #Wealth #TaxPlanning
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Not a fit if you need liquidity or hate commodity variability. But if your issue is ordinary income this year, it might be the right tool—used precisely.
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Light math refresher: $100k in, 80% IDC = $80k ordinary deduction. At 37% fed, that's ~$29.6k saved. Basis steps down; future cash flow gets depreciation + 15% depletion.
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Year-end playbook (save this): • Define your AGI target • Size allocation w/ your CPA • Verify IDC %, spud timing, year-1 GP • Ask for sample K-1 + prior allocations • Document assumptions before funding
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Takeaway: the tax benefit is real, but outcomes live or die on execution—geology, cost discipline, and timing. That half day beat a dozen webinars.
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I asked for a sample K-1, the IDC/TDC split, and exactly how year-1 working interest (GP) converts to LP. We talked hedging bands, decline assumptions, and how they manage overruns.
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I rented a dusty sedan and drove west. On the pad, boots in caliche, the geologist sketched laterals and type curves. In the trailer, the operator opened AFEs, spud schedules, and prior-vintage distributions.
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Story time. Back when I was still a full-time engineer, I flew to Texas to "kick dirt." I wanted to see how IDCs really hit a tax return—not just read about it.
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Save this thread. Use it as your year-end O&G underwriting checklist. #TaxPlanning #OilAndGas
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Pro tip: Ask for prior program reports: actual distributions, timing, and how K-1s allocated IDCs/TDCs. Cleaner reporting = fewer April headaches.
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Why this matters now: Q4 is when AGI is real. If you're in a high bracket, ordinary deductions can change the math this year—without adding another job.
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What to expect later: • Tangible depreciation often front-loaded • 15% depletion on gross production income • Many programs convert you to LP after year 1
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