Passive Income Pilots

10 Episodes
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By: Tait Duryea and Ryan Gibson

Welcome to the Passive Income Pilots Podcast – the show designed to help pilots climb to new levels of financial success.Join Tait Duryea & Ryan Gibson, both airline pilots, business owners and investors, as they interview top experts and share practical knowledge on real estate, tax strategy, passive income and generational wealth. This one-of-a-kind show created specifically for professional pilots offers applicable strategies and tactics for improving your financial life. Whether you're a seasoned pilot or just starting out, we'll equip you with the expertise and confidence you need to upgrade your money and achieve true financial independence.

#52 - Economic Tailwinds: How 1031 Exchanges Propel Real Estate Portfolios With Kyle Williams
#52
Yesterday at 12:15 AM

Unlock the potential of 1031 exchanges with Kyle Williams, Senior VP at Velocity 1031, on this enlightening episode of Passive Income Pilots. Designed for aviators aiming to navigate the complex skies of real estate investment, this discussion sheds light on tax deferral strategies that can significantly impact your financial trajectory. Whether you're new to investing or looking to optimize your portfolio, this episode offers invaluable insights into maximizing your returns while minimizing tax liabilities. Engage with us, ask your burning questions, and propel your investments to new heights.


Timestamped Show Notes:


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#51 - Navigating Turbulence: Mental Health & Legal Safeguards for Pilots with Joe LoRusso
#51
03/13/2024

Join hosts Tait Duryea and Ryan Gibson on Passive Income Pilots as they engage in a profound conversation with Joe LoRusso, aviation law expert and Director of Aviation at Ramos Law.


This episode takes an earnest look into pilot mental health and legal challenges, spotlighting the systemic issues and proposing a transformative approach to aviation industry norms.


Joe brings invaluable dual insights from his experience in the cockpit and the courtroom. He addresses the mental health stigma, explains the intricate HIMS program, and provides expertise on dealing with DUI...


#51 - Flight to Wellness: Elevating Mental Health in the Aviation Sector with Joe LoRusso
03/12/2024

On this episode of Passive Income Pilots, Tait and Ryan interview Joe LoRusso.

Joseph "Joe" LoRusso is the Director of Aviation at Ramos Law, having joined the firm in September 2021. With over two decades of experience in the aviation industry, he transitioned to law school after five years as a professional flight instructor. Passionate about representing pilots, Joe's love for aviation drives his commitment to serving the community. His unwavering dedication makes him a strong advocate for clients in aviation-related matters.

Joe talks about the challenges faced by pilots regarding mental health issues and the...


#50 - Real Estate Investing: Building Resilient Wealth and Financial Independence with David Phelps
02/14/2024

On this episode of Passive Income Pilots, Tait and Ryan interview David Phelps.

Dr. David Phelps, founder of Freedom Founders, spent 27 years as a former general dentist and business owner. His life took a significant turn when his daughter Jenna faced leukemia. This personal crisis prompted Dr. Phelps to reassess his priorities and shift his focus to what truly mattered: his family. Today, Dr. David Phelps advocates for a Plan B — a strategy he has employed and helped hundreds of dentists and practice owners implement. Instead of conforming to traditional retirement advice that expects individuals to accumulate mi...


#49 - Reflections & Revelations: A Look Back at our Favorite Episodes to Date
01/31/2024

Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.

In this episode, Tait and Ryan reflect on past episodes and share insights on their favorites.

Whether you're new to the show and would like to “catch up”, or a long time listener who could use a second listen to our most impactful episodes, this episode serves as a recap and calls out the most special episodes to scroll back for.

Tune in for a look backwards, and a sneak peek of what's on the podcast's flight plan.

Episodes mentioned:
#2,  #3, #6, #9, #10, #11, #13, #14, #27, #31, #32, #36, #41, #42, #43, #44, and...


#48 - Mastering Goal Setting and Strategic Planning in 2024
01/20/2024

Today on Passive Income Pilots is Tait & Ryan's one-on-one episode.

Tait and Ryan peel back the curtain on personal goal setting that actually works. This episode isn't about the fluff but the nitty-gritty of mapping out a future that aligns with your deepest ambitions in family, business, and investing. We're talking about effective goal-setting, building habits, the art of strategic 'nos', and how a Big Hairy Audacious Goal can give you the laser-focus to cut through life's clutter.

Tune in and gain a treasure trove of insights to help you design a future that brings...


#47 - Innovative Wealth Strategies: From Life Insurance to Alternative Investing with Christian Allen and Rod Zabriskie
01/06/2024

On this episode of Passive Income Pilots, Tait and Ryan interview Christian Allen and Rod Zabriskie.

Christian Allen and Rod Zabriskie from Money Insights Group join Tait in a riveting discussion about stepping off the beaten path of traditional investing and venturing into the world of max-funded cash value life insurance and real estate. They illustrate how the 'invest with benefits' philosophy caters to individual financial needs and integrates core wealth accumulation areas. 

Christian Allen, CEO of Money Insights, established the firm in 2014 to empower high-income earners to expedite wealth growth, refine investment strategies, and t...


#46 - Investing in Oil, Gas, and Mineral Rights with Tax Advantages in Mind with Derreck Long
12/20/2023

On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long.

Derreck Long, a former Senior IRA Specialist at Quest Trust Company, recently joined Eckard Enterprises. Eckard Enterprises is a family-owned and operated alternative investment and asset management firm specializing in the U.S. oil and gas industry. Derreck became a Self-Directed IRA and Solo 401K Expert in 2017. He received a CISP from the American Banking Association, spoke at hundreds of events around the United States, and even participated in lobbying efforts with Congress.

Derreck talks about how his transition from his role...


#45 - Path to Financial Freedom: Real Estate, Mentorship, and Personal Growth with Alan Underwood
12/13/2023

On this episode of Passive Income Pilots, Tait and Ryan interview Alan Underwood.

Momentum Capital Group co-founder Alan Underwood is a successful entrepreneur who found passive income in real estate after working in numerous businesses. Alan discusses his experience attending meetups, flipping properties, and developing a 90+ unit Arizona apartment complex. Alan describes his self-discovery that led him to prioritize mental and emotional health over business.

Alan touched on the joys of flying and its therapeutic effects and encouraged everyone to pursue their passions. As a Command Pilot of Angel Flight West, he talked about the...


#44 - Mastering Year-End Tax Strategies: From IRA Conversions to Short-Term Rental Loopholes
12/06/2023

In this week’s episode of the Passive Income Pilots, Ryan and Tait take on another one-on-one conversation. They discuss various year-end tax strategies to maximize deductions and reduce tax liability. They also explore the short-term rental loophole as a tax strategy and discuss the benefits of cost segregation studies and bonus depreciation. Tait shares his experience of buying a property for short-term rental purposes. He discusses the tax write-offs and deductions of owning a rental property and highlights the financial benefits.

Tune in and enjoy!


Show notes:
(4:25) Maximizing retirement contributions
(5:15) Using ga...