DeFi & NFTs_ Down the Crypto Rabbit Hole with Jesse Krieger

Jesse Krieger is an entrepreneur in one shape or form my whole adult life. And around 10 years ago, He wrote a book called lifestyle entrepreneur, which was published first in Asia and then in the rest of the world. So he became a best-selling author. And through that started a book publishing company, lifestyle entrepreneurs press. So for the last seven years or so I’ve been running a book publishing company, on the sidelines was getting into crypto was getting involved in investing strategies. And last year, he is co-founded powerfan.io, where we’re doing NF T’s for authors, content creators, and artists, as well as decentralized finance. And staking so those two worlds of like being in a creative industry, plus being in financial and crypto blockchain industries are now converging, which I think is exciting.

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DeFi & NFTs_ Down the Crypto Rabbit Hole

Brett:

Hello and welcome to the capital gains taxes podcast where we believe most high net worth individuals and those who helped them struggled to clarify their capital gains tax deferral options. Now having a clear plan is the enemy and using a proven tax deferral strategy such as the deferred sales trust is the best way for you to exit and defer millions of dollars of capital gains tax on the sale of cryptocurrency businesses real estate, save a failed 1031 exchange. So you can create and preserve more wealth or help others do the same. Hey, I’m your host, Brett Swarts. And each episode I’m joined by some of the best real estate financial, crypto, wealth managers, and leaders in the world where they share their ideas, deal stories, and inspiration. So together we can make complex tax deferral strategies simple and passive income plans achievable. I’m excited about our next guest. He’s calling out of the great state of Nevada, one of the more tax-friendly states in the nation. And he’s got a whole big story, but he sits squarely at the intersection of publishing and promotion as well as on the front lines of cryptocurrency and we’re gonna be talking all things define entities, and we’re gonna be talking down the crypto rabbit hole. Please welcome the show with me, Jesse Krieger. Hey, Jesse, how are you doing?

Jesse:

Hey, great to be here. Brett. Thanks for having me on.

Brett:

Absolutely. And for our listeners getting to know you for the first time, would you give us a little bit more about your story and your current focus?

Jesse:

Sure. So I’ve been an entrepreneur in one shape or form my whole adult life. And around 10 years ago, I wrote a book called lifestyle entrepreneur, which was published first in Asia and then in the rest of the world. So I became a best-selling author. And through that started a book publishing company, lifestyle entrepreneurs press. So for the last seven years or so I’ve been running a book publishing company, on the sidelines was getting into crypto was getting involved in investing strategies. And last year, I co-founded power fan.io, where we’re doing NF T’s for authors, content creators, and artists, as well as decentralized finance. And staking so those two worlds of like being in a creative industry, plus being in financial and crypto blockchain industries are now converging, which I think is exciting.

Brett:

It’s extremely exciting. And I love that the background that you have, and you’re applying it to the cryptocurrency world, which feels a little bit similar to what I’m doing my background in real estate and tax, which is completely separate in crypto. But we’re trying to take our tool and our strategy and our expertise to serve that community and help them exit well. And so we’re gonna be talking all things define entities and how your unique abilities are helping people to do that, in your own way. But before we go there, I want to take one other step back, you know, Jesse, I believe we’ve all been given certain gifts in this life and these gifts are to be given as a blessing and help to others. I want to go back to the original days, earlier days, you know, you’re from the Bay Area, I’m originally from the Bay Area in Sacramento, and maybe when you’re in high school or university, and what are those one or two gifts that you believe you were given that how does that help how you help and bless people today?

Jesse:

Sure. So one, I’d say is a love of reading at an early age. I mean, it all makes sense. Now looking back as an author and a publisher, I grew up like getting read the Where the Wild Things Are to me by my mom are encouraged to read, choose your own adventure books. And I always discovered a world through reading and I’ve learned a great deal through that. So that’s been an asset. And now a way that I help a number of other people as well. I’d say the other parallel one with technology is, you know, in the mid-80s or late 80s, we had a Macintosh in the house and dial-up internet. So I’m probably part of we’re probably part of the first generation that grew up with a computer and an internet-connected device in the house from a young age. So I feel sort of native to internet technology. And of course, being from the Bay Area. Getting to see the whole story of apple and the emergence of some of the biggest names in tech kind of in our backyard was very inspiring and no doubt also plays into what my current focus is today.

Brett:

Okay, we’re back. So So sorry, that was a little delay there. Okay. All right. Talking about technology, right? He has such a good point, then we’re gonna blurt that out for everybody that just went silent. Okay, for, like our commercial break. Yeah, I really resonate with that, right? The same thing might remember, mom and dad, they brought home the first Apple Computer, right. And they, they sat it there. And my brother and I started clicking this is well before the internet, right? Or at least that we had. And we were just, we just played some, like random games on the front, the first Mac, and being a part of that kind of greater community in the Bay Area, who was on the front line of computers, was inspiring to say the least. So I love how about those two gifts of the love of reading, and then being in the first generation, with technology being Native. And so let’s apply both of those concepts to what you’re seeing now. And the defined entity space, as well as with what company you’ve built right now with powerfan.io. So what’s the biggest secret right now, when it comes to investing or understanding d phi and NF T’s?

Jesse:

Sure. So I think I mean, if it’s a secret, let’s call it an open secret. But if you get exposure to this asset class of decentralized finance, which we can describe as owning cryptocurrencies, like Ethereum, or Avalanche, or Phantom, and then using those to get access to other projects, where you can stake and earn an APY a return in additional cryptocurrency, so you can earn APYpaid in different cryptocurrencies. That’s conceptually what decentralized finance is, in the there’s APY is much, much higher than available in traditional finance, certainly more so than a bank. And there are varying levels of risk that you can employ, or risk management strategies you can employ to get access to better potential returns while and when you pop back, if you look, yeah, that’s token, there is some information there, there’s a white page of if you pick a cog on white paper at the top center. And there’s a good overview of like, what we’re doing a power fan, and there’s a page there like basically on the second or third one of what we are, which right here is threefold. Right, it’s an NFT minting platform. So we work with authors, content creators, experts, artists, podcast hosts, to mint, their NFT collections and help them manage the initial sale. And then the second part is d phi staking so with our own cryptocurrency RP fan token, people can earn a yield up to 100% APY after 90 days, that’s paid out in P fin. That, in turn, helps fund our platform operations and incentives for creative creators and partners. The third part of it is an NFT allows for a royalty routing. So after that initial sale of the NFT if it’s sold a second time, a third time, a fourth time, royalty flows back to the Creator instantly and automatically. You can think of it as an instant settlement in a stock trade. I think of it in terms of book publishing, it speeds up the time that the creator gets paid, and it doesn’t have to pass through a central body like a publishing company, for example. So NF T’s have the potential to generate passive income streams through secondary market sales that flow a royalty to the Creator. So so that’s an opportunity available with NF Ts and D fi that’s related but is using cryptocurrencies like P fan and Ethereum to generate a return higher than available through traditional finance means.

Brett:

It’s super, super interesting, and literally cutting edge or NF T’s exploded in 2021. And it’s an add friend. We have clients who are working right now who have huge entity holdings and are looking for ways to exit without getting hammered by the capital gains tax. I mean, I’m talking hundreds of millions of dollars, right and being on the front line of some of these that really just went, you know, through the roof here on the returns.

Jesse:

And we’ll talk about that for a second if you’re interested. Yeah, sure. Absolutely.

Brett:

Let’s dive right into that.

Jesse:

So since we’re going down the crypto rabbit hole like you saw an NFT. The whole point of it is it’s a fixed form, right? It’s either own it or you don’t you can’t own half of an NFT. But how could you realize accumulated capital gains without selling the whole NFT? There are some solutions that are coming online to fractionalize. So I think there’s fractionalized art is one, we could look at a few more, but it allows you to sort of syndicate or sell a little share in your NFT without selling it, although you’re locking it in a smart contract. So you could get liquid on part of the accrued value in an NF T collection or even a single NF T through a fractionalized or syndication. And the other interesting thing I’ve seen, I’ll shout out to a project I’m in but not really a part of called billionaire coyote cartel. They pooled money together, bought a bunch of NF T’s, and put them in a vault. And then one year later, those are sold and the one year and a day, those are sold, and the proceeds are distributed pro-rata. So that’s a capital gain solution to get the appreciation in the NFT value, but to own a fractional part of a vault of NF t. So just thinking out loud, but your clients could look at either taking their collection and doing a vault that’s fractionalized another generating revenue without necessarily a sale or a fractionalized on an individual basis.

Brett:

Yeah, very, very fascinating. And we’re, we’ve already done it for a theorem and Bitcoin, it was a seller who, who bought Bitcoin for about 30 to 50,000 years ago, and it went to 50 million. And she worked for one of the big tech companies in Silicon Valley, and never exit it because of the party because of the capital gains tax in part because didn’t have a great place to put it until she wanted to start a business. So she exited the 5 million and we just set up a Kraken account. And we set up the Kraken account in the name of the trust. And she transferred the BTC TO THE KRAKEN account, and it was simple. The PTT was excited to cash. And then we’re out to the next nexus with all the tax deferral states. Ethereum was also simple, because it’s one it’s a major, you know, a major coin that can trade on these major ones. The ones that are getting a little more, or the decentralized ones are the NF T’s for the crates, these transfers, right. So when you transfer, it’s taxable. And so we’re working on a structure right now, we haven’t done it yet, where we’re going to, we’re going to assign the interest prior to the exit. And so there’s a few things there that that are that are on the cutting edge on but as soon as we close the first NFC when I think it’ll change the world, but any thoughts on that?

Jesse:

Sure, yeah, I think it’s a, it’s a really interesting place to play. What I see in decentralized finance with staking so like, we could use power fan as an example, I could cite another, I will set another project too, but with power fan, if you’re staking so you’re earning up to 100% APY after 90 days. But if you left that for 366 days, then the accumulated power fan tokens that you now have could be sold on a long-term capital gains basis, and you can withdraw your state liquidity. So it’s not actually an investment like you’re buying something and hope it goes up, you have the chance to get a capital appreciation from a theorem and or P fan going up in value. But you’re earning additional tokens that will then have a one-year plus basis for a tax that you can get liquid on and you still have your initial capital.

Brett:

So let’s walk through that. Let’s try to bring that into real life here, right, because I think I’m falling in pretty good. But for our listeners, we’re gonna break it down. So let’s imagine I either have $100,000 of Ethereum or be $100,000 NFT. Right? And I want to come and take take advantage of your service here. Right? And it’s again, for those who are wondering it’s powerfan.io Power fan.io Walk us step by step am I going to transfer Ethereum or trade Ethereum and buy some power fan, right? And what’s the symbol that walks us through that whole just step by step?

Jesse:

Sure. If you pop up a screen share, I can talk you through it a power fan.io/staking. And essentially what you do in that example, if you have $100,000 in Ethereum, you’d go to the staking platform. You click Buy P fan, and then you’d buy let’s say $40,000 of P fan cars Then you’re going to provide an equal value pair of now $40,000 of Ethereum and the $40,000 a piece and you just bought, then you just click the button stake now. And it locks up those two tokens in uni swap. uni swap is the largest decentralized exchange. So now you’ve provided that liquidity. The result is you’ll have an NFT. So if you click stake now, for example, on that green button, see, it pops you over to its preset up here in uni swap, where if you had your wallet connected, and you had Ethereum and P fin,

Brett:

That’s going to be best for now. So you connect your meta mask wallet to your PF n.io account, right? And then and then you say I transfer $100,000? eth eath. Right? It’s cerium. So okay, and then you

Jesse:

screen. The other staking screen. You’re on just before this one. And we go back. Yeah. So the first step would be to click Buy P fan tokens in that top center. And that’s a direct sale contract. So you could put in 0.1 on that purchase tokens. Or you could put one Ethereum because your wallets are not connected. But if you had a wallet connected, it would show how many P fans you’re buying. Got it though. So if you bought $40,000 Then you just go back to the leaderboard or you just click Refresh there.

Brett:

Sorry, just their leaderboard, got it.

Jesse:

And then you click stake now. And then you just fill in the blank on uni swap. So yeah, you could click that and simulate it. On uni swap. Yep. Now, yeah, yeah. And now if you just put into the eath put in like one in the eath. No, sorry, the text entry is down below. You are okay. , right there. And see how it auto propagates for one Ethereum. You also need to provide 27 968 P. So whatever you just purchased, you put that number in and click Connect, while it would turn into providing liquidity. Right on at that point, you have staked. The final step is you just go back to the power fan site there on the top left. And you click well, then you would see your position and you’d see a button that says Start earning. Got it. Once you click Start earning and sign that transaction, then this dashboard will start to show you’re accumulating P fan rewards in your 30 60 90 days. Token bounces.

Brett:

Awesome. So so so back to it. So I got $100,000 of eath. I’m like I want to check this thing out. I want to go with 100,000. Right. And I put it in, put it in here. Now, what’s my give me that you said APY 100%. Give me that. So $100,000 In one year, equals what? Exactly?

Jesse:

So if you click to click the power fan icon, so just go to power fan.io? Yeah, power fi and right there. Yep. And then that little motion graphic. And this is the overview of the staking. So if you just scroll down, there’s a video and stuff. But right here are the details. So starting at the top, from the moment you stake you’re earning at 25% APY,

Brett:

but 30 days epi for people in case they don’t know,

Jesse:

so that’s just the annualized yield expressed in a percent. So if you had $1,000 in there, that would be $250. That’d be 25%. APY

Brett:

per year, right? Yeah, per year,

Jesse:

But you get it in real-time. So each day would be $250 divided by 365 is gonna show up in your accumulating rewards balance. Nice. And then and then there are breakpoints at 30 days that ticks up to 50%. At 60 days, 75. And then, from 90 to 180 days, which is the max term for this opportunity, right now. You’re earning at 100%.

Brett:

Okay. And when you say you’re earning, you’re earning that in the P fan token,

Jesse:

correct. And you’re and the capital that’s committed can be withdrawn. So you basically claim your rewards, which are just a bonus. And you also have the chance if P fan and or Ethereum has gone up in value, then the staked capital is now worth more on the other side of this experience, too.

Brett:

Okay, cool. So I guess I don’t know if I can ask his personal question, but like, how much are you putting in right because it’s always like, I get real estate deals with people and I’m like, Okay, this deal and part of what What I do is, unless I’m going in with them, right, or I have a client that has millions of dollars with a prior group, and it’s built up that know, like and trust, and I can lean on that relationship to know that this is a legit deal. Like, how much are you putting personally into this thing if you don’t mind sharing?

Jesse:

I mean, well, personally, I’m a co-founder of the company. So we built this whole platform. I also invested in the company. I also am a large holder of the P fan token. And I’m providing liquidity and staking on the same market terms. As as we just looked at on the screen right now today to the tune of 1000s of dollars. But I should also share that we’re rolling this out this month. I mean, we’re talking in January 2022. This is coming online. Also in January 2022. So so exciting. Yeah, yeah, so So the P fan token has existed for a while we have a capital base of investors, we’re moving towards being listed on exchanges like a coin, by summertime. The staking is a bridge to both provide a return to provide liquidity and create trading volume in our token, which in turn, gets an exchange interested, and then we have got cool. That’s the exit in a sense. On the other side of staking, hopefully, you’ve got tokens that are now getting listed on an exchange, and you get that bump in price, too.

Brett:

What’s the technology? And he might have said this, but I want to make sure because right because like you can see, you can say a theorem is connecting, you know, different coins. And so it’s a way to basically bring things together bitcoin is maybe the stable, most, you know, this, it’s truly decentralized. And they all have their different niches. But what p fan net. At its essence, like, what, what is it and how does it provide value?

Jesse:

so it’s, it’s twofold. The staking we’re talking about here provides just a return on financial terms. And there’s a whole group of people that are actively investing in decentralized finance and staking. But that also provides both token value and utility for the NFT side and the creator side.

Brett:

Were the Creator, as he said, the beginning the one of the two, right,

Jesse:

so people can stake and earn P fan, and then use that to purchase NF T’s access exclusive content, and basically get value through the platform from what they’ve generated from stakes.

Brett:

So what’s that? So I’m coming out with my book, right? So I’m releasing the book. And I’ve got like Kevin Harrington from Shark Tank is going to be releasing in 30 days. And so maybe we can apply it to something like this, right? We’ll talk about how we differ crypto, how we defer capital gains taxes on cryptocurrency and businesses and real estate, and all that stuff. It’s called Building a tax-deferred exercise. So what you’re saying is, I could set up a P fan account or walk me through like, step by step like, like, yeah, how would I do that?

Jesse:

Sure, well, there are two ways that we could like engage on that one would be setting up a staking pool. So like for your community, whoever stakes, you’d get a percent of the yield on that total balance for being the like organizing face of it, right. And then we’d be the technology partner and provide the rewards and all of the operations. So that’d be a staking opportunity. But if you want to turn the book into an NFT, then you could use the power fam platform, or we could support creating a limited edition NFT collection. So maybe there are 100 books, it’s an NFT, it gives you the book plus bonus content, plus a one on one call or a group training where you do an interactive deferred tax strategy, master class, and then maybe there’s a tax planning spreadsheet you’ve built. So you could stack some bonuses and offer the NF T’s while still publishing the book in like the traditional public or the, you know, publishing sense. Yeah, but now you’ve got NF T’s that are circulating. And you’ve got collection holders that you could engage with and add value to in different ways over time.

Brett:

Got it. And by giving up ownership of the book, like walk me through that, like what

Jesse:

you’re not Yeah, and that’s the thing is with an NFT, unless you’re explicitly stating, This NFT includes a transfer of rights. Here’s you know, the official language on that you’re not transferring anything, you’re just selling. It’s a digital transaction.

Brett:

Let’s get downsized downsides to it. Right. Like why? I mean, obviously, people don’t know about it, right? But like, like, I’m like, Let’s go, Jesse. That sounds cool. Like, why why wouldn’t I do that? Right?

Jesse:

It is exciting. And, you know, talking about like growing up first-generation with internet in the house. I see this as the same evolutionary technology that Internet Protocol was like NF T’s and d phi is a whole new infrastructure that With it brings as many opportunities as the internet brought. So across real estate, across finance across arts and music, across, you know, these other touchpoints that culture. And so that’s the exciting thing. Like there’s never a dull moment in this space. In real-time things are being created that are groundbreaking and the chance to make a lot of money is also there too.

Brett:

I think it’s so cool a Power fan.io Power find IO learn more about Jesse Krieger there. So let’s shift a little bit to the capital gains tax right and exiting. So what’s the biggest frustration you found? When it comes to cryptocurrency owners wanting to exit and having huge gains and wanting to defer the capital gains tax? What have you seen? What are you doing? To talk a little bit? What about that?

Jesse:

Sure, I mean, I have an international friend base, and for my American friends of friends that live in Puerto Rico now. So I have friends that knowing they were going to be in crypto longer than a year decided, hey, I’m going to make a move to Puerto Rico, do I think it’s like 4%, or does somebody else knows the exact numbers, but you get a massive way to save on your taxes while still living in the US and all that. So so that’s one option. There’s no state income tax in states like Nevada, and others, that you can at least save on that state level. Wyoming has an innovative thing going on where they’re becoming blockchain-friendly in terms of incorporation and clarity on tax structuring and liability. Internationally, there are a lot more moving parts for non-US citizens that aren’t subject to international taxation, then you have a different playing field to work with. So I think those are two separate conversations. But for US citizens, and you know, the long term being over a year, that’s how to think about like, Am I making this investment for a year or more? And if so, how to think about it, or am I making a trade and if I’m trading, then am I planning around that as a strategy, but, you know, it’s my approach, and it’s the one that I think gets the best results, that dollar-cost averaging in and getting more exposure to projects you’d like, can build that long term, the capital base where then if you do want to exit, you can take advantage of a long term, accumulated position. That’s one thing I could share what else I’ve seen starting to come online are like qualified small businesses. So you know, qualified small business after five years, you can sell. And as long as it’s in technology, research, I think financial management, those all qualify, so you could sell the business tax-free. So you sell the stock of the company. But if you go that route, you could transfer some of your crypto assets to the balance sheet of this qualified company. And then after five years, you can sell the company, whoever buys the company can now liquidate the crypto assets. But that would be another way to sell, you know, to exit a crypto position in a tax-free scenario by selling the actual company and having, of course, five years to play with a p&l on a company that would work with that longer-term strategic approach.

Brett:

Thank you so much for sharing. That’s great. Yeah, that’s, those are all I think, strategies to consider. We also have one called the deferred sales trust, where you don’t have to move to Puerto Rico, it works for the short term or long term. Now that they asked me qualifying amount needs to be $1 million net proceeds $1 million gain. But you can exit kind of like exiting to like an IRA or 401k, all tax-deferred. And at that point, you can put it into more crypto at lower prices or, you know, stocks, bonds, mutual funds, or real estate assets, all tax-deferred. And so it’s very flexible. If you want to learn about that you go to capital gains tax solutions calm. That being said, are you ready for the lightning round?

Jesse:

and one more quick point is, there are a lot of protocols where you can borrow against your crypto, so you don’t have to sell it and incur that. You could lock it up and Ave or others and then borrow against it. And now you’re liquid.

Brett:

Let’s talk about that real fast, because Bitcoin went from like, $68,000 at like the high as you know, about, I don’t know, 334 months ago, and now it’s I don’t know what it is today, but it was like 36,000 Maybe yesterday, the day before. And so, when you’re locking up is it is is it still subject to the potential drop in value?

Jesse:

It is definitely so. So the safe strategy would be to take your crypto habitant stable coin, so now you have no currency fluctuation risk and then borrow against that.

Brett:

But however, when you like if you had like BTC or eath or whatever other To get the stable coin, isn’t that a taxable transaction?

Jesse:

Yeah, so in that case, that would be an that’s an issue. But you could borrow up to, let’s say, 30 40% fairly safely. So if you had a big gain in your Bitcoin, and you lock that up and borrow against it 20%, it could go down like it is, ought to do. And you won’t get liquidated, but you’re still getting liquid on your holdings.

Brett:

So you’re ready for the Monday morning quarterback, right. And in fact, we’re looking at it for the client, who bought the Bitcoin from 30 50,000 to 50 million, and she exited at 54,000. That was her target to exit the first 5 million, and then it was waiting. And then the market went all the way to 68. And she was waiting for the new year to hit to exit additional million three or so. But then obviously, the new here hit and like boom, we dropped down. Again, I don’t know where it’s at today. But the point is, the Monday morning quarterback would have been selling everything at 68,000. Let’s just say right, your tenant perfect, right all 50 million exits and into the DST. And now you’re all tax-deferred, and then it drops to 36,000. Right, and then you can partner with the trust and buy back into that crypto at a low, all tax-deferred and write it back up again. Alright, so that’s pretty slick. You see that. So it’s a sell high, buy low. It’s not, it’s like and you can also talk us out we did not do the full 50 But it can be 5 million 10 million at a time. And so now we’re in a position where, you know, we’re gonna have to wait until probably 54 again or so that’s kind of the number that she felt comfortable if you know, given where she thinks bitcoins go and you can always act whenever you want. But do you see that? Do you see the magic there?

Jesse:

Like I mean, that’s that sounds like a way to not wait until the new year if there’s an opportunity, but still have the capital gains tax.

Brett:

Exactly. Yeah. So, folks, we’ll learn about that capital gains tax and still come Alright, here we go. Enough about that. Let’s go to the lightning round. If you could, if you could go back to your 25-year-old self Jesse what’s the one golden nugget make sure to tell yourself to do?

Jesse:

Buy Bitcoin the second you hear about it for the first time?

Brett:

Or are you a buyer right now?

Jesse:

Because it’s I mean, it is what today? I think I looked it was around 35,000. I mean, I personally have bought 1000s of dollars a Bitcoin in the last two days. Yeah. For anybody watching this real-time, it’s gone down, like 50% in the last month. So yeah, what about eath I don’t use as much as a Bitcoin I buy and hold long term I would use if I’m gonna do a transaction on ether do an NF T thing. Cool. I like avalanche and Phantom a lot right now for Defy. Cool if I suddenly blockchains.

Brett:

Excellent. Next question, what’s the number one book you’ve recommended or gifted the most in the past year.

Jesse:

In the past year, we published a book called The Secret Intelligence of water. That’s about the impact of human consciousness on water and crystallography. So that one pops to mind totally not related to what we’ve been talking about. But it’s really cool.

Brett:

Next question, favorite leadership quote, or theme that you strive to live by?

Jesse:

Do it better today than yesterday? I mean, incremental improvement is the way to embrace my competitive nature without competing against somebody else. And I love that.

Brett:

And one of our values is every day in every way, we get a little better, right? Just a little bit better every day in every way. Cool. Next question, is this what are you most curious about right now?

Jesse:

I am personally very curious about how d phi and NF T’s will continue to convert. I mean, I think this is the opportunity of a generation. And it’s available for everyone. So I’m honestly super curious and have a vested interest in how this all plays out.

Brett:

Phenomenal. The last question, after all, your success and all the people you’ve helped launch and build books and publish? And now everything at power fan.io? How do you stay centered in your values? And what habits are you practicing to do that? And how do you stay charged up to go reach for new heights?

Jesse:

That’s a great question. I mean, I used to travel a lot. I used to be like all over the map. Nowadays, I sometimes barely leave my compound. But I get so much done, I’m able to help so many people, and I’m able to take breaks and go spend time in the garden or take a dip in the pool. So I really do emphasize balance in my own life. And that allows me to keep forward momentum. That’s just building bigger and better things all the time. So that’s how I think about it.

Brett:

Love it, Jesse. Hey, I want to thank you for being on the show. I want to thank you for sharing so much wisdom with us, opened up my mind with some new possibilities with power fan.io want to encourage you to keep using the gifts and talents you’ve been given? For the love of reading and learning? Right? And also using that technology that you caught into your age for the love of that to help more people create and preserve more wealth in cryptocurrency, in what you’re doing so, for our listeners who want to get in touch with you, would you remind them one last time? What’s the best place for them to find you?

Jesse:

Awesome. Thank you so much, Brett for having me. Thanks, to everybody who made it this far. I hope this was valuable. Come check us out at power fan.io And do welcome to Google my name Jesse Krieger. I’ve done a lot of educational training and other podcasts on crypto blockchain and NF T’s and books.

Brett:

Amazing who shoots again.Whatever my thanks froze on the best school. Well, thanks for being on the show. And thanks, everyone for listening to this episode of the capital gains tax wishes podcast as always, we believe the highest net worth individual clarifying their capital gains tax deferral options, not having a clear plan is the enemy, and using a proven tax deferral strategy such as the deferred sales trust is the best way for you to exit highly appreciated cryptocurrency businesses, real estate, and empty T’s once we haven’t done it quite yet. But if you want a theorem and Bitcoin so you can defer millions of dollars of capital gains tax and so that you can create and preserve more wealth, you get the freedom to sell high and buy low. You can do you can learn all about that by going to capitalgainstaxsolutions.com By the way our free mastermind is the crypto DST mastermind. It happens every Friday at 10 am Pacific Standard Time 1 pm Eastern, where we bring on clients we’re bringing on CPAs are being on people that are learning about this for the first time financial advisors cryptocurrency investors, real estate investors and we try to demystify this whole thing called a deferred sales trust. And so if you’re learning about it for the first time and you want to dive in go to capitalgainstaxlucent.com and register there look for the free book that’s a free book looking for my new book that’s coming out. That might be an NF T near you with someone like Jesse also look for that. And the last thing is the best ever conference I’ll be speaking at the best ever conference. It’s a real estate conference in Colorado. If you want to know anything about commercial estate syndication, multifamily investing, and some of the best of the best are going to be there. So check that out and I hope to see you there. Thanks, everyone for watching.

Important Links:

About Michelle

Important Links:

About Jesse Krieger

is an entrepreneur in one shape or form my whole adult life. And around 10 years ago, He wrote a book called lifestyle entrepreneur, which was published first in Asia and then in the rest of the world. So he became a best-selling author. And through that started a book publishing company, lifestyle entrepreneurs press. So for the last seven years or so I’ve been running a book publishing company, on the sidelines was getting into crypto was getting involved in investing strategies. And last year, he is co-founded powerfan.io, where we’re doing NF T’s for authors, content creators, and artists, as well as decentralized finance. And staking so those two worlds of like being in a creative industry, plus being in financial and crypto blockchain industries are now converging, which I think is exciting.

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