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    Wealth

    Explore "Wealth" with insightful episodes like "All the Gear No Idea", "#2101 - Bret Weinstein", "Your Millionaire Mindset", "How to Manifest and Attract Financial Abundance w/ Rhonda Byrne (Creator of "The Secret")" and "EP 63: MILITARY CREDIT CARD SECRETS TO SAVE YOU $10,000 A YEAR GUARANTEED!" from podcasts like ""Always Free", "The Joe Rogan Experience", "Always Free", "The School of Greatness" and "Nova University Podcast"" and more!

    Episodes (100)

    How to Manifest and Attract Financial Abundance w/ Rhonda Byrne (Creator of "The Secret")

    How to Manifest and Attract Financial Abundance w/ Rhonda Byrne (Creator of "The Secret")

    In today's episode of The School of Greatness, we're diving into a topic that's close to my heart and likely yours too - the journey of manifesting money. I had the pleasure of sitting down with none other than Rhonda Byrne, the mastermind behind “The Secret.” Our conversation was nothing short of enlightening. As Rhonda shared her insights, I couldn't help but reflect on my own financial journey, from times of struggle to moments of abundance. This episode isn't just about money; it's about transforming your life through the principles that Rhonda and I have lived and tested. Whether you're just starting out or looking to deepen your understanding of financial abundance, this is a conversation you won't want to miss.

    Buy Rhonda’s new card set, The Secret Manifestation Cards.

    Buy Lewis’s new book, The Greatness Mindset

    In this episode you will learn

    • The significance of happiness and how it aligns with manifesting wealth, with the reminder that money doesn't bring happiness, but happiness brings money.
    • The importance of feeling deserving of abundance, with practical keys to help you boost your self-worth.
    • Embracing a playful attitude and energy around money, and Rhonda shares her playful approach to bills and credit card balances.
    • The power of creating desires lists and visualizing your goals, following Bob Proctor's wisdom that "If you see it in your mind, you will hold it in your hand."
    • The transformative impact of gratitude and shifting your beliefs, and advice and insights on self-doubt and the Law of Attraction come into play.

    For more information go to www.lewishowes.com/1561

    For more Greatness text PODCAST to +1 (614) 350-3960

    More SOG episodes we think you’ll love:

    Rhonda Byrne – https://link.chtbl.com/1525-pod

    Bob Proctor – https://link.chtbl.com/1227-pod

    Eckhart Tolle – https://link.chtbl.com/1463-pod

    EP 63: MILITARY CREDIT CARD SECRETS TO SAVE YOU $10,000 A YEAR GUARANTEED!

    EP 63: MILITARY CREDIT CARD SECRETS TO SAVE YOU $10,000 A YEAR GUARANTEED!

    Welcome to Episode 63 of Nova University! Prepare for a game-changing episode as we uncover the secrets of military credit cards that could save you $10,000 a year, guaranteed!

    In this episode, we dive deep into the financial realm with expert insights and practical advice on maximizing the benefits of military credit cards. Join us as we explore the intricacies of these powerful financial tools, featuring tips and strategies that can potentially put thousands of dollars back into your pocket.

    Our special guest will guide you through the nuances of military credit cards, revealing exclusive secrets that can lead to substantial savings. Whether you're an active-duty service member, a veteran, or someone navigating the financial landscape, this episode is a must-listen for unlocking the hidden potentials of military credit cards.

    Discover how to leverage perks, rewards, and unique features tailored to military personnel. Our expert will share proven methods to optimize your credit card usage, empowering you to make the most of your financial resources.

    Throughout this enlightening conversation, we'll provide you with actionable steps to implement immediately, demystifying the complexities of military credit cards. From travel benefits to cash back rewards, learn how to navigate the financial landscape with confidence and make choices that align with your unique circumstances.

    Join us for a transformative episode that guarantees tangible savings! Whether you're a military professional or simply interested in financial strategies, this episode promises to equip you with the knowledge and tools to unlock the full potential of military credit cards.

    Tune in now for an eye-opening discussion on military credit card secrets that could put $10,000 back in your pocket every year. Get ready to take control of your finances and achieve unprecedented savings with our expert guidance!

     

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    The Investing Expert: How I Went From $0-$1M By 30 (Anyone Can Do THIS!) | Vivian Tu

    The Investing Expert: How I Went From $0-$1M By 30 (Anyone Can Do THIS!) | Vivian Tu

    On a global mission to make the financial industry less “male, pale, and stale,” Vivian Tu is a former Wall Street trader-turned-expert, educator, public speaker, host, entrepreneur, media powerhouse, and the founder and CEO of the financial equity phenomenon, “Your Rich BFF.” In January 2021, she developed and launched the “Your Rich BFF” blog and social media handles as a passion project to destigmatize and make the rules of personal finance accessible and digestible to non-experts and marginalized communities. 

    Her dedication to promoting financial literacy and ability to bridge the gap between finance and the mainstream have earned her cross-platform fame and notoriety, having garnered nearly 6 million followers and counting, as well as honors on both the Forbes’ ‘30 Under 30 – Social Media’ (2023) and inaugural ‘Top Creators’ (2022) lists. This December 2023, Vivian’s financial prowess and devotion to educating her followers have culminated into the highly anticipated release of her debut book, “RICH AF: The Winning Money Mindset That Will Change Your Life.” Revealed exclusively on the TODAY show, “RICH AF” is billed as the definitive book on personal finance for a new generation, and was sold in a competitive auction for a seven-figure publishing deal to Portfolio, a division of Penguin

    Buy her book Rich AF: The Winning Money Mindset That Will Change Your Life 

    Listen to her podcast Networth and Chill Pod

    In this episode you will learn

    • How to recognize warning signs of a potential layoff and take proactive steps to protect your career and financial stability.
    • Whether everyone possesses the potential to achieve financial wealth and the key factors that contribute to financial success.
    • Practical strategies for increasing your income and improving your financial health, even if you're currently facing financial challenges.
    • Insights on achieving financial comfort without placing excessive emphasis on money itself, focusing on balance and fulfillment.
    • The pros and cons of company loyalty versus job hopping, and finding out which approach is more likely to lead to financial success and wealth building.

    For more information go to www.lewishowes.com/1551

    For more Greatness text PODCAST to +1 (614) 350-3960

    More SOG money-themed episodes we think you’ll love:

    Jaspreet Singh – https://link.chtbl.com/1411-pod

    Jen Sincero – https://link.chtbl.com/1101-pod

    Dave Ramsey – https://link.chtbl.com/1415-pod

    The Cheat Code to WEALTH (Do THIS to Become a MILLIONAIRE in 2024!) | Alex Hormozi

    The Cheat Code to WEALTH (Do THIS to Become a MILLIONAIRE in 2024!) | Alex Hormozi

    Today Lewis sits down with the incredibly inspiring Alex Hormozi, a first-generation Iranian-American entrepreneur who has made an extraordinary leap from starting a small brick & mortar business to becoming a multi-millionaire through scaling and exiting multiple companies. Hormozi shares his personal journey and the profound insights he's gained along the way, emphasizing the transformative power of working smarter and with more dedication. He opens up about his goal to reach beyond billions, not just for the sake of wealth, but as a testament to his evolving approach to business and the deep pride he takes in giving his all.

    In this episode you will learn

    • Effectively utilizing money can help avoid pain, even though it doesn't directly buy happiness.
    • With the right mindset and dedication, virtually every skill and aspect of life can be trained and improved.
    • Prioritizing learning over earning is important in the early stages of a career or business venture.
    • Taking initiative and helping oneself creates opportunities for others to offer support and assistance.
    • Achieving excellence in today's world is more accessible and affordable than ever before.

    For more information go to www.lewishowes.com/1537

    For more Greatness text PODCAST to +1 (614) 350-3960

    Want more episodes like this one?

    Alex Hormozi: https://link.chtbl.com/1522-pod

    Jenna Kutcher: https://link.chtbl.com/1271-pod

    Rory Vaden: https://link.chtbl.com/1148-pod

    EP 56: Fired! Fired! Fired! to Entrepreneurship Ft. Patryk Swietek

    EP 56: Fired! Fired! Fired! to Entrepreneurship Ft. Patryk Swietek

    Welcome to Episode 56 of Nova University! Get set for a riveting narrative of resilience, transformation, and entrepreneurial spirit as we explore the remarkable journey of Patryk Swietek in our episode titled "Fired! Fired! Fired! to Entrepreneurship."

    In this episode, we accompany Patryk Swietek, a beacon of determination and innovation, as he shares his incredible story of moving from multiple setbacks to becoming a successful entrepreneur. Patryk's journey encapsulates the essence of bouncing back from adversity and transforming challenges into opportunities.

    Join us as we delve into Patryk's personal experiences, unpacking the challenges, the lessons learned, and the pivotal moments that reshaped his trajectory from job dismissals to the entrepreneurial world. Discover the tenacity and strategies he employed to navigate setbacks and transform them into the stepping stones of a thriving business.

    Throughout this compelling conversation, Patryk will offer insights and practical advice on channeling adversity into motivation, creating a mindset for resilience, and forging a path towards entrepreneurial success. Gain invaluable knowledge about identifying opportunities in moments of difficulty and leveraging them for growth.

    Beyond the practical strategies, we'll explore the mindset and values that propelled Patryk's journey. He emphasizes the importance of adaptability, courage, and a relentless drive to succeed, providing inspiration for individuals looking to pivot from setbacks to entrepreneurial endeavors.

    Join us for an inspiring conversation that promises to reshape your perspective on turning career challenges into entrepreneurial triumphs. Patryk Swietek's insights will motivate and empower you, whether you've faced professional setbacks or are considering the entrepreneurial path.

    Tune in now to gain a fresh outlook on resilience and entrepreneurship. Learn from Patryk Swietek's remarkable journey and be prepared to be inspired, encouraged, and equipped to embrace the journey from adversity to entrepreneurship in a way you've never imagined!

     

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    The Savings Expert: “Do Not Buy A House!”, How To Turn £100 Into £1.5m Without Effort: Morgan Housel

    The Savings Expert: “Do Not Buy A House!”, How To Turn £100 Into £1.5m Without Effort: Morgan Housel
    Will money make you happy? How much is really enough? And how much should you save? Too often people don’t have the answers for the biggest financial questions in life, until now. In this new episode Steven sits down with world-renowned financial expert and best-selling author, Morgan Housel. Morgan Housel is a partner at the Collaborative Fund, a leading venture capital firm with a focus on technological companies. He is also the author of the book, ‘The Psychology of Money’, which has sold over 4 million copies. MarketWatch named him as one of 2022’s 50 most influential people in financial markets. In this conversation Morgan and Steven discuss topics, such as: How happiness is being in control and having freedom Why a lack of control can make your life crumble Why nobody actually cares about your material possessions The money games being played in society Why you should rent your home until you have kids His mission behind writing about money Why your relationship with money defines you How to gain introspection about your life and finances The randomness of financial crises Why you should have a deathbed perspective on work and savings How embrace failure can lead to huge successes The double life of billionaires: wealth and pressure The cost of a stressful job on health Why bad news travels faster Why growth comes from challenges and disasters How growth comes with stress and uncertainty Slow habits and their long term effects How personal tragedies shape life goals Why you should balance wealth with wellbeing Staying patient despite market upheavals The need for big, terrifying goals in business. The difference between being rich and feeling wealthy. Why a rising income doesn’t lead to happiness The meaning of authentic success You can purchase Morgan’s most recent book, ‘Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life’, here: https://amzn.to/467d77x Follow Morgan: Instagram: https://bit.ly/3spU4HK Twitter: https://bit.ly/40mE6uF Flightfund: https://flightfund.com/ If you enjoy hearing about how to master the world of finance, I recommend you check out my conversation with Ramit Sethi, which you can find here: https://www.youtube.com/watch?v=ORqd9QAC8OY Watch the episodes on Youtube - https://g2ul0.app.link/3kxINCANKsb My new book! 'The 33 Laws Of Business & Life' is out now: https://smarturl.it/DOACbook Follow me: Instagram:http://bit.ly/3nIkGAZ Twitter:http://bit.ly/3ztHuHm Linkedin:https://bit.ly/41Fl95Q Telegram:http://bit.ly/3nJYxST Sponsors: British Airways: https://www.britishairways.com/en-gb/offers/sale Huel: https://g2ul0.app.link/G4RjcdKNKsb Eightsleep: https://www.eightsleep.com/uk/steven/ CODE: STEVEN (save $150 on the Pod Cover) Learn more about your ad choices. Visit podcastchoices.com/adchoices

    Learn How Life Insurance Can Help Create Wealth

    Learn How Life Insurance Can Help Create Wealth

    In this episode of the We Love Equity Real Estate Show, the hosts discuss the concept of Infinite Banking with guest Joe Mure. They explore how whole life insurance policies can be used to fund investments and increase passive income. The episode emphasizes the importance of having a coach who can guide individuals in implementing these strategies and achieving financial freedom. Whether you're just starting out in real estate or involved in syndications, this episode offers valuable insights into building wealth and making the most of your investment opportunities. Tune in to learn more about the power of Infinite Banking and how it can help you reach your financial goals.



    [00:06:37] The Infinite Banking Concept. 

    [00:10:38] Passive income and real estate. 

    [00:13:34] Active income vs. freedom. 

    [00:17:39] Retirement and biblical principles. 

    [00:21:36] Wall Street's management fees. 

    [00:24:23] Infinite banking concept explained. 

    [00:29:33] Banks' cash value life insurance. 

    [00:33:13] Paying off debt or starting a whole life policy. 

    [00:37:23] Financial freedom and passive income.

    [00:35:10] Using life insurance for investments.

    [00:39:20] Starting with $2,000 a month. 

     

    Connect with Joe Mure  at 

    Website: www.wealthwithoutwallstreet.com

    Linked In: www.linkedin.com/company/wealth-without-wall-street

    Instagram: @wealthwithoutwallst

    www.instagram.com/wealthwithoutwallst/

    Facebook: @wealthwithoutwallstreet

    www.facebook.com/wealthwithoutwallstreet

    YouTube @wealthwithoutwallstreet

    www.youtube.com/c/WealthWithoutWallStreet

    I highly recommend tuning in to this episode to gain valuable insights and practical tips on how to make the most of your money. 💡💰

    Listen to the full episode and don't forget to subscribe to the We Love Equity Real Estate Show for more exciting episodes on real estate investing and wealth management. 🎙️🔔

    Thank you for being loyal listeners, and let's continue on this journey towards financial freedom together! 💪💼

    PodcastEpisode #FinancialStewardship #InfiniteBankingConcept #RealEstateInvesting #WealthManagement #Takeaways

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    If you haven't subscribed to our show yet, what are you waiting for? Join our podcast family and never miss an episode filled with valuable real estate investing knowledge. And while you're at it, I'd greatly appreciate it if you could leave us a five-star review. Your feedback helps us understand if we're providing you with the content you need for your own journey. 

    Lastly, if you're hungry for more real estate investing information, head over to https://marcusemaloney.com/ and check out our YouTube channel at https://www.youtube.com/@MrcsMaloney/ There's a wealth of additional resources waiting for you there. 📚💻

    Thank you for your continued support, and remember to always enjoy the journey! 

    🎙Looking for more info like this check out the podcast
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    EP 53: W-2 During the Day and Investor at Night ft. Justin Tahilramani

    EP 53: W-2 During the Day and Investor at Night ft. Justin Tahilramani

    Welcome to Episode 53 of Nova University! Get ready for a fascinating journey into the world of finance and investing as we explore the intriguing topic: "W-2 During the Day and Investor at Night" featuring the multi-talented Justin Tahilramani.

    In this episode, we join Justin Tahilramani, a true financial wizard, as we unravel the secrets of managing a successful career while pursuing a passion for investing. Just as the sun sets, Justin's nights are illuminated with the potential of the financial markets, and he shares his unique insights on balancing the demands of a traditional job with the opportunities of investment.

    Join us as we delve into Justin's personal journey and the experiences that have shaped his approach to financial success. Discover how he effectively juggles the responsibilities of his day job while actively participating in the dynamic world of investment.

    Throughout this captivating conversation, Justin will share practical strategies, tips, and a wealth of knowledge that empower you to navigate the complexities of a dual-life as both a dedicated employee and a savvy investor. From time management techniques to investment principles, this episode will provide valuable guidance for those looking to enhance their financial portfolio.

    Beyond the financial aspects, we'll explore the mindset and passion that fuel Justin's journey. He will touch on the importance of perseverance, continuous learning, and the joy of watching investments grow in the moonlight.

    Join us for an insightful conversation that promises to broaden your perspective on financial management and investment. Justin Tahilramani's experiences will inspire you to unlock the potential of your evenings and weekends, transforming them into opportunities for financial growth. Whether you're a 9-to-5 professional with an interest in investing or an aspiring financial guru, this episode of Nova University is a must-listen.

    Tune in now to gain a fresh outlook on the possibilities of balancing a career and a thriving investment portfolio. Learn from Justin Tahilramani's experiences and be prepared to be motivated, enlightened, and empowered to take control of your financial future like never before!

     

    Sponsors:

     
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    #174 Rey Flemings: A Different Definition of Success

    #174 Rey Flemings: A Different Definition of Success
    Dubbed during his career as “The Man Who Knows What the World’s Richest People Want (and How To Get It),” Rey Flemings has years of experience dealing with success. He sees it every day as the co-founder and CEO of Myria, a company that provides concierge services to fewer than 100 elite clients with a combined wealth of over $400 billion. On this episode, Flemings discusses what he’s learned about wealth, money, success and happiness while on the job, how he makes impossible tasks possible, and what it was like to try and smuggle ventilators into New York City during the height of the COVID-19 pandemic.
     
    Flemings founded Myria in 2021 and has worked in the luxury services industry since 2017. He also served as the founder and CEO of Stripple, a web imagery monetization company, and CEO of Particle, an Internet services company acquired by Apple.

    --

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    EP 47: Working Backwards with your Business Ft. Raul Medina

    EP 47: Working Backwards with your Business Ft. Raul Medina

    Welcome to episode 47 of Nova University, where we take a unique approach to success with our special guest, Raul Medina. In this episode, we delve into the concept of "Working Backwards with your Business."

    Join us as we explore Raul Medina's entrepreneurial journey and how he applies the powerful technique of working backward to achieve business growth and innovation.

    In this insightful conversation, Raul shares his experiences and expertise, providing valuable insights on setting clear objectives and reverse-engineering strategies to accomplish them. Whether you're an aspiring entrepreneur or a seasoned business owner, Raul's advice will empower you to think outside the box and overcome obstacles with strategic vision.

    Discover the art of breaking down your business goals into actionable steps, aligning your team, and making data-driven decisions that drive progress. Raul's business acumen will inspire you to challenge conventional thinking and create a roadmap that leads to remarkable results.

    Throughout the episode, we'll uncover the importance of adaptability and iteration in the ever-changing business landscape. Learn how Raul's backward approach fosters a culture of innovation, enabling you to stay ahead of the curve and thrive in your industry.

    But it's not all about business strategies. Raul emphasizes the significance of purpose-driven entrepreneurship, making a positive impact on society, and leaving a lasting legacy.

    Join us for this thought-provoking discussion on Nova University with Raul Medina, and discover how working backward can be the key to unlocking the full potential of your business. Tune in now and gain the knowledge to revolutionize your approach, paving the way for a more successful and fulfilling entrepreneurial journey.

     

    Sponsors:

     
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    Use the code “NovaKnight” to get 20% off.
     
     
    Xero shows:
     
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    Wealth for Life - Teach Your Kids about Wealth $ to Build a Master Family Dynasty - BRT S04 EP18 (180) 4-30-2023

    Wealth for Life - Teach Your Kids about Wealth $ to Build a Master Family Dynasty - BRT S04 EP18 (180) 4-30-2023

    BRT S04 EP18 (180) 4-30-2023 – Wealth for Life

    Teach Your kids about Wealth $ to Build a Master Family Dynasty

     

    What We Learned This Week

    • Wealthy do things differently – all their money is not invested in Stocks
    • 99% of financial advice is just stocks. Most advisers are really stock sales people. It’s a butcher analogy. What is the butcher going to recommend? Meat.
    • Baby Boomers are getting older and they will be passing Billions of dollars & Trillions $. Money that will be passing to children and heirs. Businesses that may be passed on.
    • Estimated that 70% of Families Lose their wealth by 2nd Generation
    • You want wealth to continue into the next generation. Not legacy, create a dynasty. Create frameworks for a thriving family now and for generations.
    • Model and Teach Success. Involve kids in the process of building the business and investing.
    • Taxes are guaranteed to drain wealth. If you can pay a 20% tax rate versus 40% you will have a lot more money working for you.

     

     

     

     

    Co-Host: Denver NowiczPresident - Wealth For Life


    http://wealthforlife.net/

    https://twitter.com/denvernowicz 

    Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

     

    Notes: 

    Master Family Dynasty

    The conventional wisdom is over the long term the market goes up. S&P average is 8% over the last 75 to 100 years. If looking a long enough timeline the market does go up.

    Short term the market is up and down and very volatile. Some of the best investors like Cathy Wood and ARK Invest or the Tiger 21 club were beat up in 2022.

     

    Stocks are not the only asset class. One thing retirement plan, buy stocks and if that’s one thing, stocks goes up everything will be fine. 

    You want to diversify into different assets. Wealthy people do it differently.

    If you use a diagram of a pyramid it is top-heavy with most people investing in stocks and taking a lot of risk.

    You want to flip it and diversify assets. You were looking for different types of assets that can lock in profits and pay income streams. Examples of this are business income and real estate. Investment plans are not all black and white.

    There are good stocks and bad stocks. Zombie companies are examples of bad stocks. Your goal should be to have financial security, a bulletproof financial plan.

    Think in terms of offence and defense. A defensive strategy would cover 80% of the income needed for your expenses and needs. You do a mix of strategies. 

    99% of financial advice is just stocks. Most advisers are really stock sales people.

    It’s a butcher analogy. What is the butcher going to recommend? Meat. To a man with a hammer everything looks like a nail.

    Use some mix of different assets like real estate insurance, annuities for income. There are good annuities and bad annuities. 

    You want to have an advisor with a fiduciary mindset who is really trying to help you with a good business plan.

     

    Seg 2

    Baby boomers are getting older and they will be passing Billions of dollars if not Trillions $. Money that will be passing to children and heirs. Businesses that may be passed on. 

    A 2022 study projects that wealth transferred through 2045 will total $84.4 trillion—$72.6 trillion in assets will be transferred to heirs, while $11.9 trillion will be donated to charities. Greater than $53 trillion will be transferred from households in the Baby Boomer generation, representing 63% of all transfers. Dec 30, 2022

     

    https://fortune.com/recommends/investing/baby-boomers-average-net-worth/

    Not legacy, but think dynasty. Teach your kids about money and wealth regardless if you own a business. Teach your kids your values and beliefs for success. Build frameworks for them to follow. 

    If kids don’t know about success and money, then they lose the money they inherit in the next generation. 

    Too often you hear 2nd generations not carrying on the family success. You want wealth to continue into the next generation. Not legacy, create a dynasty. Create frameworks for a thriving family now and for generations. 

    https://www.nasdaq.com/articles/generational-wealth%3A-why-do-70-of-families-lose-their-wealth-in-the-2nd-generation-2018-10

    Generational Wealth: Why do 70% of Families Lose Their Wealth in the 2nd Generation? 

    It is difficult to get to the top 1% 99% will not get there. If you will get to the top 5%. To do this you must build a culture with values and beliefs, to stay there.

    Model and teach success. Involve kids in the process of building the business and investing. Teach them about volunteering and giving back to the community. Communicate what it is to be successful.

    Myth, wealth is spelt overtime. Your peak earning yours or your 40s and 50s. To massively grow wealth he needs strategies like leverage and tax protection. Leverage accelerates wealth.

    Common example of leverage is he put 25% down but have control of an asset 100% as it grows. Simple analogy as you invest one dollar and have four dollars working for you.

    Taxes are guaranteed to drain wealth. If you can pay a 20% tax rate versus 40% you will have a lot more money working for you. If you earn more money, this will equal more taxes. W-2 income is punished by taxes.

    The wealthy of strategies to reduce taxes by 50% or more. The goal is to build tax for you come. 3 to 1 tax free matching uses leverage and builds income. It’s the best strategy out there 

    Private foundation is also another strategy where you can build wealth and reduce taxes. 

    Stock market losses hurt you in two ways. You lose money and you lose time. It also can interrupt compounding when you lose money. 

    Compounding is just a law of finance, it can go in both a good direction or the bad direction. Either way it either magnifies gains or losses. The goal to not lose money and have uninterrupted compounding. 

    Acquire assets that harvest profits so you can take gains. While also minimizing losses and taxes.

     

     

    Tiger 21 Club - Follow this super investor group for ideas, and how they diversify their investments. Allocation usually has 25% in real estate, 25% in stocks, 25% in private equity, 10% in cash, and the rest is Bonds or other investments. 

    https://tiger21.com/

     

     

    2nd Half

     

    Wealth For Life Sampler – Concepts

     

    Notes:

     

     

    Beware Taxes! Defense is What You Need vs Offense in Your Investment Gameplan

     

    Synergy of Offense / Defense – diversification of income streams, lessen market risk

     

    Offense – stocks, crypto, real estate

    Defense - IUL, Cash Flowing Business, Real estate, bonds, dividend stocks

    Offense – tactical – hold 15-20 stocks – aka ‘best houses on the block’

    Tactical Investment Strategy – goal of growth, shift with market sentiment, value to growth or growth to cyclical – active management.  15% beat market, 85% do not.

    Secular trends – housing, building or energy

    Index – safe but will not out perform market, just bought off shelf.

    Index has Market Risk and Zombie Co. problem.

    Cash = bad, gets eaten up by inflation = Inflation risk

    Stock market – good at growth, but inefficient on income, hard to capture the gains

     “One Thing” Retirement Plan – 401K and stocks, hope it goes up and no volatility (market risk). 90% of people are on this plan.

    Build Assets – or create assets, like a digital brand

    Never go back to Vegas with scared money. Lose $, then chasing losses

    Combine offensive and defensive strategies

     

    Defense – wins championships, stable. Finances are stable, allows you to take risks IUL, CF business. During bad market, wait for stocks to rebound and pull money from IUL or business.

    Visual – what is needed income or expenses – cover basics, then invest other money. Defense = 40%

    More wealth created, less money in market – money from business or real estate, move money to index strategies. Use financial leverage to increase wealth.

    Average worker – salary and money in market (401 K). All money is offensive strategy and subject to disruption and market risk.

    Defense – Tax Protection and Tax Buckets 3 taxed, tax free, tax deferred

     

     

    Full Show: HERE

     

     

     

     

    Assets – Appreciating vs. Harvesting

     

    Assets: Appreciating vs. Harvesting  

    There are many different Assets you can invest in. Common asset classes are Stocks, Bonds, Gold & Real Estate. There are Alternative assets like Crypto, Art, Private Equity, etc.


    The classic idea is you  buy an asset as an investment with the idea it will appreciate over time so it is worth more when you sell it.  Buy low, sell high.

    It also may act as a hedge vs inflation. Instead of having your money sit in cash, and lose money to inflation, you purchase an asset that goes up in value more than inflation.

    What is rarely discussed is the concept of Appreciating Assets vs. Harvesting Assets. What's the difference?

    Appreciating Assets are the assets mentioned above, where the plan is to buy low, wait for the appreciation, then sell high. You do not capture the gains until you sell. You gain value on paper, but if you wait too long to sell, you could miss the appreciation. Likewise if they lose value but you do not sell, then only a paper loss. 

    Stocks are a classic example. 'If I just sold last month, I would have made 25%, instead of 15%.' You have to time it right. Other examples are Gold, Art, most Crypto, certain types of Real Estate (Land for example with nothing build on it yet). 

    These assets are only valuable when they appreciate, and if you sell at the right time. 

    Harvesting Assets are assets that get interest, or give off profits, or cash flow.
    You are able to capture some of the gains from the asset. 

    Examples are: Rental Real Estate, Bonds, Dividend Stocks, REITs, Covered Call Options, Business - that is profitable, and gives off cash flow, Index Life Insurance

    *** Asset value can go up or down in the holding period

    In fact many of the above Harvesting examples can all be both Appreciating and Harvesting Assets:

    Rental Real Estate, Bonds, Dividend Stocks, REITs, Cash Flowing Business, Index life Insurance, etc.

     

    Full Show: HERE

     

     

     

     

    Leverage - Get More with Less Effort – How to Scale Wealth

    Leverage – more with less. Get More with Less Effort.

    Ex: job with W2 income – no leverage, all based on single effort, cannot multiply.

    Sole proprietor – limited leverage, one person can do so much.

    Systems to multiply efforts – can be digital, team, finances

     

    Financial leverage – mortgage. Buy house ($250K) for cash, or buy $1 million dollar house, put down same $250K at 25% , now control $1 million asset house. 

    75% leverage or 3 to 1. What plan will earn you more money? $1 million house appreciates more.

    Digital Product – create 1 time, sell 100 times

     

    Average invest $1 and have $1 earning, wealthy invest $1, borrow $3 and have $4 earning interest

    Use OPM and deploy in safe ways.

    Safer return on larger investment will win every time

    Average using own money and risky, chase rate of return. Wealthy take more money and put in safer return instead of chasing 12% ROI on $250K, get 6% ROI on $1 million using leverage.

     

    Full Show: HERE

     

     

     

     

    You Need to Control 3 Things in Investing – Taxes, Capital & Assets

     

    Investing plan for Top 10% of income earners ($150K +) or top 5% ($250K +)

    Need different strategies, not just 401K or stocks, not like other 90% of population

    Wealthy diversify their assets / investments, stock market is just 25% of their investing

    Control taxes – protect money from taxes

    Control Capital - access to capital – use leverage properly at 4:1

    Control Assets – acquire assets to create passive income streams

    Wealthy does not put all their money in the stock market.

    Every $1 lost to taxes = $8 in lost wealth

    $1 at 7% (rule of 72), at 10 yrs = $2, at 20 yrs = $4, at 30yrs = $8

    $50K lost = $400K (x8) lost over the long term

    If you earn over $500K / year +, top 1% of income earners

    The ultra wealthy know that you have to control taxes.

    401K does not reduce taxes, it defers taxes, and at $25K /yr, this will not move the needle enough, need major changes to reduce taxes, and propel wealth  

    Control Capital – protect principal, no losses, lock in gains

    Use Leverage well at a 4:1 multiple, Control $4 with $1 

    Just like you finance your house thru a mortgage, finance your retirement (mortgage leverage is typically 3:1, loan is 3x your yearly income) 

    Deploy different strategies to grow wealth and make $ millions, really scale wealth from $1 to $5 mil, or $5 to $10 mil

    Assets –pull money from passive income & use for more investing

    Create investing cycle and repeat to grow wealth

     

    Full Show: HERE

     

     

     

    More Info on WFL and Tax Free Matching: HERE

     

    Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life

     

    Link to Taxes Show on 10/31/2021 w/ Denver: Here

    Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

    Link to Shows, Denver was a Guest: Here

     

    Investing Topic: https://brt-show.libsyn.com/category/investing

    More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

     

     

    Thanks for Listening.

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    Business Roundtable with Matt Battaglia

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    Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

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