A guy kept buying trucks to write off depreciation, then ran out of storage. Better move: max out your HSA and invest the balance. Once it grows, those gains are tax-free, and most people don't know about it.
I just met with someone the other day who was like, I can't keep buying trucks to depreciate, to not pay tax. Right, yeah. He was like, he had to sell some of his trucks, and 'cause he didn't have anywhere to park them. He had too many, too many years of the same advice. But looking into like the simple IRAs and 401(k)s and HSAs and like smart ways to tuck your money away that reduce tax liability is huge. A lot of people don't know this, but after you reach a certain threshold in your HSA, You can actually start investing the funds and you can actually manage, depending on where you bank with. Health savings account. Yeah, yeah, health savings account. And you can actually manage the investments and those investments also grow tax-free.
