People with net worth at least $1 million USD
POPULARITY
2 episodes with high net worth individuals
2 episodes with high net worth individuals
2 episodes with high net worth individuals
2 episodes with high net worth individuals
2 episodes with high net worth individuals
2 episodes with high net worth individuals
2 episodes with high net worth individuals
3 episodes with high net worth individuals
2 episodes with high net worth individuals
In this episode, we sit down with John Cooney, Group CEO of Forbidden City, to explore the brand's unique approach to luxury in the iGaming industry. John shares the vision behind positioning Forbidden City as a premium brand that seamlessly blends high-end retail, hospitality, and online gaming. From exclusive design elements to VIP experiences, listeners get an inside look at how Forbidden City is redefining what it means to deliver luxury in a digital entertainment space.John dives into the innovative strategies powering the brand's success, including a game-changing loyalty program designed to mirror the sophistication of elite lifestyle brands. We also examine the complexities of operating in a highly regulated environment and the balancing act between brand integrity and compliance. With insights into market adaptation and digital transformation, this conversation is a masterclass for anyone looking to elevate their brand within the iGaming world.The episode also explores the brand's core focus on high net worth individuals and how Forbidden City curates experiences tailored to this niche. John discusses potential pathways for expansion into broader gaming markets, the critical role of strategic partnerships, and the future of luxury in the online gaming space. Host: Joe StreeterGuest: John CooneyProducer: Anaya McDonaldEditor: James RossiGaming Daily is the official podcast of SBC Summit Malta. Taking place from 10-12 June at the Intercontinental in Malta, SBC Summit Malta is the definitive casino and betting event where European companies and professionals converge to explore cutting-edge insights, gain transformative skills, and forge impactful connections with senior decision-makers. Get your tickets now at sbcevents.com.iGaming Daily is also now on TikTok. Make sure to follow us at iGaming Daily Podcast (@igaming_daily_podcast) | TikTok for bite-size clips from your favourite podcast. Finally, remember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.
About:Ignacio Rodriguez is a self-made and visually driven architect with an impressive portfolio of luxury real estate successes throughout Southern California. His firm, IR Architects, has designed a half-billion square feet of built high-end luxury homes ranging from 5,000 square-foot contemporary new-builds to 70,000 square-foot estates. Since launching IR Architects in 2012 at age 28, Ignacio has quickly become a vigorous force in the highly competitive world of Southern California luxury residential architecture. He places a strong emphasis on collaborating with clients to bring their visions and his designs to fruition by fusing his client-focused approach with a passion for providing functional, yet visually appealing, designs. More From IR Architects: Website: https://irarchitects.us Instagram: https://www.instagram.com/ir.architects Facebook: https://www.facebook.com/ignaciorodriguezarchitects X: Website: https://x.com/ir_architects LinkedIn: https://www.linkedin.com/company/ir-architects/ Pinterest: https://www.pinterest.com/irarchitects/s-rockingham/ SnapChat: https://www.snapchat.com/add/ir.architects More from us:Website: www.adppodcast.com Instagram: http://instagram.com/adppod_
What tax traps could derail your retirement plans? In this episode, Larry Heller, CFP®, CDFA®, breaks down five major tax “gotchas” that high-net-worth retirees must navigate to protect their wealth and retirement security. From the impact of required minimum distributions to the looming expiration of the 2017 tax cuts, Larry sheds light on often-overlooked tax … Read More Read More
Send us a textIn this episode, we're joined by Matt Bird, Tax Partner at Sayers Butterworth, to unpack the latest changes to Inheritance Tax (IHT) in 2025.We cover:
On this episode of the Evolve to Succeed Podcast, Ryan Bransome shares his unique journey from a local government employee to a professional butler, and eventually the founder of U-Crew. He discusses the challenges he faced, including mental health struggles and the lessons learned from high net worth individuals. Ryan reflects on the demanding nature of being a butler, the insights gained from working with successful people, and the decision to transition into entrepreneurship. Ryan emphasises the importance of asking for support, and his aspirations for the future of U-Crew and beyond. This episode of the Evolve to Succeed Podcast covers… Insights from working as a butler for high net worth individuals. U-Crew and its aim to change the recruitment landscape. How funding is a significant challenge for startups. The importance of networking. Why asking for help is a strength, not a weakness. The importance of being present and enjoying the journey. Chapters 00:00 Introduction 01:54 From Local Government to Butler Life 06:44 Mental Health 09:55 The Transition to Butler Profession 11:51 Experiences in the Butler World 15:10 Lessons from High Net Worth Individuals 18:41 Risk, Reward, and Business Insights 22:08 Extreme Situations as a Butler 24:09 Deciding to Start U-Crew 26:38 Recruitment Challenges During COVID 31:22 The Funding Journey 37:44 Building a Network 43:28 Future Aspirations 45:31 Personal Reflections
Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers:https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ In today's episode, Mr Henderson discusses Abu Dhabi's new Super Yacht Golden Visa, offering a 10-year renewable residence permit to yacht owners. Mr Henderson explores how this fits into the UAE's strategy to attract high-net-worth individuals and compares it to other tax-friendly residence options worldwide. He also shares other places where you can take your yacht and live with a residence permit in a tax-friendly way. Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
The Exit Plan: Mergers and Acquisitions for Creative Entrepreneurs
summaryIn this conversation, Eric Pierre, CEO of Pierre Accounting, shares his journey from a corporate employee to a successful entrepreneur specializing in tax planning for high net worth individuals. He discusses the importance of tax mitigation strategies, his involvement in M&A deals, and the challenges faced when dealing with the IRS. Eric also emphasizes the significance of proper financial planning for business owners, especially those considering selling their businesses. The conversation concludes with Eric's future plans and insights into his firm's operations.takeawaysEric Pierre transitioned from corporate life to entrepreneurship for greater control over his work.Tax planning is crucial for new millionaires who may not understand their tax obligations.Involvement in M&A deals requires early tax strategy planning to maximize benefits.Understanding the difference between share and asset purchases is vital for business owners.Successful tax mitigation can lead to significant savings for clients.The IRS faces challenges that can complicate communication and resolution of tax issues.Proper record-keeping is essential for business owners preparing for a sale.Eric's firm offers unique asset protection strategies for high net worth clients.Networking and personal connections are key to growing a client base in accounting.Future plans include expanding client services and speaking engagements.Connect with Barnaby on LinkedIn: https://www.linkedin.com/in/barnabycook/Join The Exit Plan mailing list: http://eepurl.com/iC8sIY
In this episode of Confessions of a B2B Entrepreneur, Tom Hunt sits down with Nick McLean, a partner at Four Pillars Investors, a private equity firm that buys companies between 20 and 100 million dollars in revenue. Nick shares his journey into private equity, the challenges he faced breaking into the industry, and how he built his own firm focused on acquiring and scaling businesses. He discusses the importance of understanding the numbers, building relationships, and developing a sophisticated sales and marketing approach. This episode is a must-listen for any entrepreneur looking to sell their business or scale their company to new heights.
Tom Bodrovics welcomes a new guest Laurent Lequeu to the show. Laurent is an indpendent financial consultant and publisher of the Macro Butler Substack. Togther they delve into macroeconomic themes for the year ahead, focusing primarily on the business cycle and its impact on the US economy. The U.S., currently experiencing an inflationary boom due to low interest rates and increased government spending, is expected to face changes with the incoming presidency of Trump, particularly in terms of tariffs which could shift the economy from a boom phase to possibly an inflationary bust. Using ratios such as S&P to oil, gold to treasuries, and S&P to gold, they evaluate the current economic status in the U.S. and globally. However, potential tariffs could lead to higher costs for U.S. corporations and lower consumer confidence, impacting equity markets and the overall economy. Despite being in a potentially stagflationary environment by 2022, the US may face an inflationary bust in 2025, with economic trends like unemployment, manufacturing, and inflationary numbers having global implications. Geopolitical events such as U.S.-Russia relations, tensions in the Middle East, and potential war in Asia could also surprise many. Laurent suggests investing in equities and gold with a significant portion allocated to physical gold during uncertain economic conditions, while managing cash through short-term investment-grade US dollars bonds. He predicts higher treasury yields this year and suggested looking at commodities' performance relative to gold for potential re-ratings. Laurent expresses doubts about Bitcoin's utility for preserving wealth and encouraged risk management and minimizing drawdowns for investors in the coming years. They also touch upon China's economic situation, the U.S. remaining the strongest major economy due to energy independence and relative political stability. He suggests investing in sectors like oil and gas, aerospace and defense, and perhaps Canadian gold miners should the regulatory environment improve. Time Stamp References:0:00 - Introduction0:39 - Different Perspective2:28 - U.S. Business Cycle5:30 - Tariff Proposals7:22 - Stagflation & Trends10:28 - Conflicts & Risks14:33 - Powell & Trump18:34 - Fed & Liquidity19:40 - Global Econ. Outlook22:44 - Which Assets When24:52 - Gold Equities?29:00 - Gold & Currencies31:44 - Golden Ratios?33:30 - Uranium & Energy?36:56 - Bitcoin/Gold Ratio40:16 - Wrap Up Talking Points From This Episode US economy facing potential shift from boom to bust due to Trump's tariffs. Investing in equities, gold, and short-term bonds during uncertain economic times. US to face stagflationary environment by 2022, possible inflationary burst in 2025. Guest Links:Substack: https://themacrobutler.substack.com/X: https://x.com/TheMacroButler Laurent Lequeu, an independent financial consultant based in Singapore, specializes in managing wealth for High-Net-Worth Individuals. With a career spanning West and East, Laurent analyzes the world through the lens of the business cycle and its impact on asset class performance in a multi polar world. He also shares his insights through The Macro Butler, a global macro newsletter launched in January 2024.
Have you ever wondered about the role of Social Security? In this episode, Tim and Tyler examine the relevance of Social Security for high-net-worth individuals. They discuss its potential impact in a more complex financial landscape and consider factors that may influence its role for those with significant assets.
Have you ever wondered about the role of Social Security? In this episode, Tim and Tyler examine the relevance of Social Security for high-net-worth individuals. They discuss its potential impact in a more complex financial landscape and consider factors that may influence its role for those with significant assets.
Resh Joseph, a leading psychotherapist, specializes in treating trauma and sudden wealth syndrome in high-net-worth individuals, revolutionizing luxury rehab for lasting mental health and entrepreneurial success. Top 3 Value Bombs 1. People label an assumption that extreme wealth is a sort of vaccination against human suffering. 2. The human capacity for suffering is entirely independent to one's worth or bank account. 3. Sudden Wealth syndrome is a collection or constellation of symptoms that presented an individual when that person has suddenly come from one socio-economic group and jumps to a much higher one. Check out their website and connect with Resh - Highlands Recovery Sponsors HubSpot Breeze is HubSpot's collection of AI tools that helps you turn one piece of content into a whole suite of assets. Visit HubSpot.com/marketers to learn more Author100 A 100-day program where I will personally guide you 1-on-1 to create, write, publish and market your book. If you want daily guidance and mentorship from me, JLD, then head over to Author100.com to sign up for a free call to chat about the details
Resh Joseph, a leading psychotherapist, specializes in treating trauma and sudden wealth syndrome in high-net-worth individuals, revolutionizing luxury rehab for lasting mental health and entrepreneurial success. Top 3 Value Bombs 1. People label an assumption that extreme wealth is a sort of vaccination against human suffering. 2. The human capacity for suffering is entirely independent to one's worth or bank account. 3. Sudden Wealth syndrome is a collection or constellation of symptoms that presented an individual when that person has suddenly come from one socio-economic group and jumps to a much higher one. Check out their website and connect with Resh - Highlands Recovery Sponsors HubSpot Breeze is HubSpot's collection of AI tools that helps you turn one piece of content into a whole suite of assets. Visit HubSpot.com/marketers to learn more Author100 A 100-day program where I will personally guide you 1-on-1 to create, write, publish and market your book. If you want daily guidance and mentorship from me, JLD, then head over to Author100.com to sign up for a free call to chat about the details
A world where someone pays $6.2 million for a banana duct-taped to a wall is a world that needs wealth taxes. But when wealth taxes are considered by politicians and governments, unsubstantiated spin and myth making dominates the debate. (If you can call it a debate). We look at the Tax Justice Network's modest wealth tax proposal which could help governments increase their national budgets by 7 percent a year, a potential global revenue of more than 2 trillion US dollars annually. And we discuss what research really says about so-called 'tax flight' by the very wealthy because of tax reforms. Will they really leave in droves? Featuring: Mark Bou Mansour, Tax Justice Network Alison Schultz, Tax Justice Network Victoria Gronwald of the London School of Economics. She's co-author of their report, Tax Flight. Britain's wealthiest and their attachment to place. Various AI-voiced excerpts from interviews with High Net Worth Individuals from the LSE report. Hosted and produced by Naomi Fowler, Tax Justice Network Transcript of the show is here (some is automated) https://podcasts.taxjustice.net/wp-content/uploads/2024/12/6m-banana-transcript_Dec_24.pdf Further reading: Texas Judge Wrongly Halts Enforcement of Landmark Anti-Money Laundering Law https://thefactcoalition.org/texas-cta-injunction/ An update from FACT Coalition in the US on the US Treasury appeal against the Texas Judge's Nationwide Injunction Against Corporate Transparency Act https://thefactcoalition.org/just-the-facts-12-12-24/ The Guy Who Bought (and Ate) That Banana Art https://slate.com/technology/2024/12/justin-sun-banana-art-crypto-billionaire-criminal-comedian-maurizio-cattelan.html Countries can raise $2 trillion by copying Spain's wealth tax, study finds https://taxjustice.net/press/countries-can-raise-2-trillion-by-copying-spains-wealth-tax-study-finds/ Tax flight? Britain's wealthiest and their attachment to place, LSE report https://eprints.lse.ac.uk/121396/ Infographic: The extreme wealth of the superrich is making our economies insecure https://taxjustice.net/2024/08/19/infographic-the-extreme-wealth-of-the-superrich-is-making-our-economies-insecure/ Wiki: How to tax the superrich (with pictures) https://taxjustice.net/2024/08/19/wiki-how-to-tax-the-superrich-with-pictures/
In this episode of the Long Game podcast, Thomas Kopelman and Jacob Turner dive into the often-overlooked topic of umbrella insurance coverage. Aimed primarily at high net worth individuals and those on their way, the discussion highlights the critical importance of understanding this type of insurance and how it can serve as a safety net in the face of unforeseen circumstances. Here are three key takeaways from this episode that you won't want to miss: What is Umbrella Insurance and Why You Need It: Umbrella insurance acts as an additional layer of protection on top of your existing auto and homeowners insurance. It's designed to cover you in the event of a major liability claim, which can be financially devastating. We discuss a real-life scenario where a car accident could lead to a $3 million payout, and how umbrella insurance can help mitigate that risk. If you have assets to protect, this coverage is essential! Affordability vs. Value: Many people assume that comprehensive insurance coverage comes with a hefty price tag. However, we break down the costs and reveal that umbrella insurance can be surprisingly affordable—often ranging from $150 to $500 a year per million in coverage. When you consider the potential financial ruin from a single lawsuit, this investment is a no-brainer! Understanding Exclusions and Risks: Not all umbrella policies are created equal. It's vital to understand the nuances of your policy, including any exclusions that may apply. We share a cautionary tale about a client whose umbrella policy didn't cover a dog bite incident because the breed was excluded. Always consult with your insurance professional to clarify what your policy covers and what it doesn't. In this episode, we aim to explain umbrella insurance and empower you with the knowledge to make informed decisions about your financial protection.
Financial Freedom for Physicians with Dr. Christopher H. Loo, MD-PhD
In this insightful podcast episode, tax mitigation expert David Podell shares his expertise on creative pension plan designs and defined benefit plans to help high-net-worth individuals reduce their taxable income. Learn how cash balance plans can significantly enhance your retirement savings and unlock large deductions while maintaining flexibility. David explains the importance of working with the right financial advisors, CPAs, and consultants to optimize your tax-saving strategies and avoid common pitfalls like overfunding your retirement plan. Discover how you can secure your financial future with these advanced tax planning techniques. Disclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show. Do your due diligence. Click here to join PodMatch (the "AirBNB" of Podcasting): https://www.joinpodmatch.com/drchrisloomdphd We couldn't do it without the support of our listeners. To help support the show: CashApp- https://cash.app/$drchrisloomdphd Venmo- https://account.venmo.com/u/Chris-Loo-4 Spotify- https://podcasters.spotify.com/pod/show/christopher-loo/support Buy Me a Coffee- https://www.buymeacoffee.com/chrisJx Click here to schedule a 1-on-1 private coaching call: https://www.drchrisloomdphd.com/book-online Click here to check out our e-courses and bookstore here: https://www.drchrisloomdphd.com/shop Click here to purchase my books on Amazon: https://amzn.to/2PaQn4p For audiobooks, visit: https://www.audible.com/author/Christopher-H-Loo-MD-PhD/B07WFKBG1F Follow our YouTube channel: https://www.youtube.com/chL1357 Follow us on Twitter: https://www.twitter.com/drchrisloomdphd Follow us on Instagram: https://www.instagram.com/thereal_drchrisloo Follow us on Threads: https://www.threads.net/@thereal_drchrisloo Follow us on TikTok: https://www.tiktok.com/@drchrisloomddphd Follow our Blog: https://www.drchrisloomdphd.com/blog Follow the podcast on Spotify: https://open.spotify.com/show/3NkM6US7cjsiAYTBjWGdx6?si=1da9d0a17be14d18 Subscribe to our Substack newsletter: https://substack.com/@drchrisloomdphd1 Subscribe to our Medium newsletter: https://medium.com/@drchrisloomdphd Subscribe to our email newsletter: https://financial-freedom-for-physicians.ck.page/b4622e816d Subscribe to our LinkedIn newsletter: https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=6992935013231071233 Thank you to our advertisers on Spotify. Financial Freedom for Physicians, Copyright 2024 --- Support this podcast: https://podcasters.spotify.com/pod/show/christopher-loo/support
Send us a textIn this exclusive interview, Dr. Robert Cialdini, a leading expert in the psychology of influence and persuasion, shares invaluable insights on navigating the complexities of communication in today's world, particularly in the context of artificial intelligence and trust.Join us as Dr. Cialdini and Richard C. Wilson discuss:00:09 - Introduction of Dr. Robert Cialdini01:09 - Engaging High Net Worth Individuals02:14 - Successful Individuals and Influence04:58 - Example of Selling Popcorn07:57 - Making Goals Public for Accountability08:52 - The Impact of AI on Trust14:46 - The Principle of Reciprocity16:06 - The Importance of Liking18:20 - Preparing a Persuasive Pitch Deck20:07 - Finding Commonalities for Connection21:01 - The Importance of Ethical Reputation22:31 - Common Mistakes in Investment Pitches23:23 - The Importance of Context in Influence Principles25:33 - Introduction to the Cialdini InstituteThis conversation offers practical strategies for effectively influencing others while maintaining ethical integrity. Whether you're looking to enhance your investment pitches or improve your overall communication skills, Dr. Cialdini's principles will provide the tools you need to succeed.Don't forget to like, share, and subscribe for more insights on influence and persuasion!#Influence #Persuasion #Cialdini---------------------------------------------------------------------------------- hope you are enjoying the Centimillionaire Strategies YouTube Channel produced by our investor club, the Family Office Club.We use this channel to interview billionaires, centimillionaires, investors, and family offices and help founders, entrepreneurs and investors scale their platforms and invest more effectively.If you are looking to grow your business, get sharper at investing, and scale you are in the right place.Our 17-year-old investor club, the Family Office Club, has 25 team members, and 15+ million social followers, has closed on over $500M of transactions, has over 7,500 active investors, and hosts 15 live events a year.To join our investor club as a capital raiser or CEO of a company needing capital to access our live community events, please visit https://FamilyOffices.comTo register with us as an investor to access live community events please visit https://InvestorClub.comWe have free web classes and books for you to download at https://familyoffices.com/book/https://CapitalRaising.comTo date, our podcast and YouTube content has been downloaded over 5 million times. Please subscribe to this channel as well as our Family Office Podcast so you do not miss our most popular mini-series content https://www.youtube.com/@familyofficeclubI hope you love watching my videos Subscribe to this channel for the latest video.Have a nice day!
The post Financial Planning for High Net Worth Individuals appeared first on AIO Financial - Fee Only Financial Advisors.
Empowering Your Financial Future Financial Planners for High Net Worth Individuals High-net-worth individuals (HNWIs) require more complex and tailored financial strategies to manage their wealth effectively. With investable assets of $1 million or more, HNWIs often face unique financial challenges, from tax minimization to complex estate planning. Financial planners specializing in this niche must address these complexities to ensure wealth is not only preserved but also continues to grow across generations. By utilizing strategies that span investment diversification, risk management, and charitable giving, financial planners play a pivotal role in securing the financial future of HNWIs. Schedule a free meeting Schedule a free meeting Who Are High Net Worth Individuals? High-net-worth individuals (HNWIs) are typically categorized based on their liquid investable assets. Here's a breakdown of the general categories: High Net Worth Individuals (HNWIs): Individuals with at least $1 million in investable assets. Very High Net Worth Individuals (V-HNWIs): Those with $5 million or more in investable assets. Ultra High Net Worth Individuals (U-HNWIs): Those with over $30 million in investable assets. Each category requires distinct financial planning strategies, particularly as wealth increases. The more complex a financial profile becomes, the more critical it is to engage a professional financial planner with expertise in handling substantial assets. Why Financial Planners Are Essential for HNWIs For HNWIs, the stakes are higher when it comes to managing wealth. Traditional financial advice may no longer suffice once a certain level of assets is reached. As wealth grows, so too does the complexity of managing taxes, investments, and succession planning. The role of a financial planner is to provide a customized approach that addresses the specific needs of HNWIs. Key areas include: Minimizing tax liabilities to ensure that a larger portion of income is preserved. Investment diversification to reduce risk while maximizing returns. Estate planning to ensure that wealth is passed on to future generations efficiently. Charitable giving strategies to reduce tax burdens while supporting meaningful causes. Thematic Investing Align Your Portfolio with Your Values Schedule a free meeting Tax Minimization for High Net Worth Individuals For HNWIs, minimizing taxes is key to wealth preservation. With high-income brackets and complex tax scenarios, strategic planning can reduce liabilities and enhance wealth retention. Tax-Deferred Accounts HNWIs should continue maximizing tax-deferred accounts like 401(k)s and explore advanced options such as deferred compensation plans or cash balance pension plans for higher contributions. Charitable Giving Charitable vehicles like Donor-Advised Funds (DAFs) and Charitable Remainder Trusts (CRTs) provide im...
In 7 Minutes on ITSPmagazine, Sean Martin chats with Chris Pierson, CEO and Co-founder of BlackCloak, about their latest milestone in digital executive protection. BlackCloak, a pioneer in protecting executives, senior leaders, high-net-worth individuals, and family offices, has secured $17 million in a Series B funding round led by Baird Capital, with contributions from Blue Heron, TDF, and Tech Operators.Chris explains that the new funds will focus on scaling the company's operations, building proprietary cybersecurity and privacy technologies, and enhancing their concierge-level services. The goal is to provide specialized protection and remediation for corporate executives, board members, and high-profile individuals, including those in their families' personal lives.The conversation touches on the increasing need for digital executive protection against breaches, privacy risks, and identity theft. Chris highlights how recent attacks on home environments have accelerated the demand for robust digital security solutions. Investors are drawn to BlackCloak's unique approach and market potential.Looking ahead, Chris envisions a day in the life of a protected digital executive as one where privacy enhancements and proactive, intelligence-driven alerts become standard. BlackCloak aims to make managing personal cybersecurity seamless, offering reactive support and expert advice along the way. With this fresh investment, the company is poised to capture significant growth in this critical space.Learn more about BlackCloak:https://itspm.ag/itspbcwebNote: This story contains promotional content. Learn more.Guest: Chris Pierson, Founder and CEO of BlackCloak [@BlackCloakCyber]On Linkedin | https://www.linkedin.com/in/drchristopherpierson/On Twitter | https://twitter.com/drchrispiersonResourcesLearn more and catch more stories from BlackCloak: https://www.itspmagazine.com/directory/blackcloakBlackCloak Raises $17M Series B Funding Round to Enhance Personal Cybersecurity Protections for Corporate Executives, High Net Worth Individuals, and Family Offices: https://blackcloak.io/news-media/blackcloak-raises-17m-series-b-personal-cybersecurity-protections-corporate-executives-high-networth-individuals-family-offices/Learn more about 7 Minutes on ITSPmagazine Short Brand Story Podcasts: https://www.itspmagazine.com/purchase-programsNewsletter Archive: https://www.linkedin.com/newsletters/tune-into-the-latest-podcasts-7109347022809309184/Business Newsletter Signup: https://www.itspmagazine.com/itspmagazine-business-updates-sign-upAre you interested in telling your story?https://www.itspmagazine.com/telling-your-story
In 7 Minutes on ITSPmagazine, Sean Martin chats with Chris Pierson, CEO and Co-founder of BlackCloak, about their latest milestone in digital executive protection. BlackCloak, a pioneer in protecting executives, senior leaders, high-net-worth individuals, and family offices, has secured $17 million in a Series B funding round led by Baird Capital, with contributions from Blue Heron, TDF, and Tech Operators.Chris explains that the new funds will focus on scaling the company's operations, building proprietary cybersecurity and privacy technologies, and enhancing their concierge-level services. The goal is to provide specialized protection and remediation for corporate executives, board members, and high-profile individuals, including those in their families' personal lives.The conversation touches on the increasing need for digital executive protection against breaches, privacy risks, and identity theft. Chris highlights how recent attacks on home environments have accelerated the demand for robust digital security solutions. Investors are drawn to BlackCloak's unique approach and market potential.Looking ahead, Chris envisions a day in the life of a protected digital executive as one where privacy enhancements and proactive, intelligence-driven alerts become standard. BlackCloak aims to make managing personal cybersecurity seamless, offering reactive support and expert advice along the way. With this fresh investment, the company is poised to capture significant growth in this critical space.Learn more about BlackCloak:https://itspm.ag/itspbcwebNote: This story contains promotional content. Learn more.Guest: Chris Pierson, Founder and CEO of BlackCloak [@BlackCloakCyber]On Linkedin | https://www.linkedin.com/in/drchristopherpierson/On Twitter | https://twitter.com/drchrispiersonResourcesLearn more and catch more stories from BlackCloak: https://www.itspmagazine.com/directory/blackcloakBlackCloak Raises $17M Series B Funding Round to Enhance Personal Cybersecurity Protections for Corporate Executives, High Net Worth Individuals, and Family Offices: https://blackcloak.io/news-media/blackcloak-raises-17m-series-b-personal-cybersecurity-protections-corporate-executives-high-networth-individuals-family-offices/Learn more about 7 Minutes on ITSPmagazine Short Brand Story Podcasts: https://www.itspmagazine.com/purchase-programsNewsletter Archive: https://www.linkedin.com/newsletters/tune-into-the-latest-podcasts-7109347022809309184/Business Newsletter Signup: https://www.itspmagazine.com/itspmagazine-business-updates-sign-upAre you interested in telling your story?https://www.itspmagazine.com/telling-your-story
Your family's wealth and personal information could be more vulnerable to cyber criminals than you think. Are your family and finances truly safe from these evolving threats? This episode provides essential insights into how you can safeguard against these invisible threats that could jeopardize your financial security. This episode features Scott Augenbaum, a former FBI … Read More Read More
Have you ever wondered how your relationship with money can impact your ability to invest in the causes and companies you believe in? In this thought-provoking episode of The Angel Next Door Podcast, host Marcia Dawood explores the intersection of personal finance, values, and entrepreneurship with guest Sarah Charles, a veteran of the financial services industry.Sarah Charles brings nearly 25 years of experience to the conversation, having worked with high net worth individuals and families in traditional wealth management before starting her own advice-only planning firm, Sanctuary Financial Planning. Her unique approach to financial advice focuses on transparency, accessibility, and aligning resources with personal values.Throughout the episode, Marcia and Sarah discuss the importance of having a financial plan that not only accounts for personal goals and risk tolerance but also allows for purposeful investing in line with one's values. They discuss the potential for angel investing to generate both financial returns and emotional fulfillment by supporting causes, founders, and world-changing ideas that resonate with the investor. This episode is a must-listen for anyone interested in exploring how to navigate the world of investing while staying true to their values and making a positive impact on the entrepreneurial landscape. To get the latest from Sarah Charles, you can follow her below!LinkedIn - https://www.linkedin.com/in/sarah-k-charles/ Sign up for Marcia's newsletter to receive tips and the latest on Angel Investing!Website: www.marciadawood.comLearn more about the documentary Show Her the Money: www.showherthemoneymovie.comAnd don't forget to follow us wherever you are!Apple Podcasts: https://pod.link/1586445642.appleSpotify: https://pod.link/1586445642.spotifyLinkedIn: https://www.linkedin.com/company/angel-next-door-podcast/Instagram: https://www.instagram.com/theangelnextdoorpodcast/TikTok: https://www.tiktok.com/@marciadawood
In this MENTOR SESSION... we're talking with a newer Success Coach who asked, "I want to coach self-made high net worth individuals and help them to become authentic & aligned with their highest calling. How can I create content that attracts the right people and detracts the wrong people?" It's a great question... so we go after it! If you've ever wanted to attract more of a specific type of client... but also repel the wrong types of people... I think you're going to LOVE this conversation! _______________ LIVE EVENT: EncouragerCON 2024: Would YOU love to be a room packed with other true Encouragers... learning game-changing... business strategies that will help you the REACH more people, drive more REVENUE and experience for REST as you do? Well... then join us for EncouragerCON 2024! It's a 2.5 day conference designed specifically for Coaches, Speakers and Content Creators! Visit: EncouragerCON.com to find out more! And use the coupon code ETE to get a DRASTIC discount as a THANK YOU for being an Encouraging the Encouragers listener! Let's goooooo! ____________________ And… hey... I've got good news for YOU! LET'S GET YOU A MENTOR SESSION: If YOU would like to do a one-on-one Mentor Session with me… simply click here: www.mitchmatthews.com/mentorsessions and grab a spot when (and if) one is available. I can't wait to talk with YOU and help you to break through to the next level! _______________ FREE TRAINING: Are you wanting to grow a profitable Life Coaching practice and design a life you LOVE? Then check out this powerful.. strategy-packed training: www.mitchmatthews.com/coachlaunch LET'S CONNECT: That's right! Let's connect on LinkedIn, Facebook and/or Instagram! Until next time... stay encouraged... my friend! #letsdothis #IlovejesusbutIcussalittle #coaching #speaker #lifecoach #motivation #lifecoaching #coaching #love #coach #mindset #inspiration #selflove #life #selfcare #success #lifestyle #mentalhealth #mindfulness #personaldevelopment #entrepreneur #goals #happiness #loveyourself #meditation #healing #motivationalquotes #lifequotes #fitness #positivevibes #motivationalspeaker #businesscoach #personalgrowth #business
Episode Name: Navigating Crypto with Triton Liquid Fund: Insights from CIO Christopher Keshian Guest: Christopher Keshian, CIO, Triton Liquid Fund Host: RA George, Blockchain DXB Contact Information Anne-Maria Salmela, Chief of Staff at Triton Liquid Fund email- anne@tritonliquid.com Christopher Keshian, CIO at Triton Liquid Fund chris@tritonliquid.com Linkedin Anne-Maria Salmela: https://www.linkedin.com/in/anne-maria-salmela/ Christopher Keshian: https://www.linkedin.com/in/chriskeshian/ Twitter (X) : https://x.com/triton_liquid Website: https://www.tritonliquid.com/ Summary of the conversation: Christopher shared recent crypto market trends and positive price actions. Highlighted his decade-long experience in the cryptocurrency space. Discussed his involvement with the first fiat gateway onto Ethereum. Shared his academic background and extensive experience in the cryptocurrency industry. Explained changes observed among investors over the decade. Emphasized the importance of open-source data for Triton Liquid Fund. Explained the benefits of accessible data for everyone. Detailed the 24 verticals used to manage Triton Liquid Fund's portfolio. Provided an overview of Triton Liquid Fund's operations and team. Stressed the use of quantitative and qualitative analysis in investment decisions. Discussed the thorough research and comprehensive reports produced by Triton Liquid Fund. Shared insights into portfolio management and real-time data availability. Discussed portfolio diversification strategies and the importance of current narratives. Outlined criteria for selecting managers and tokens. Explained the team interaction process and evaluation factors. Highlighted the competitive edge of Triton Liquid Fund and its early market offerings. Mentioned access to information from 16 different data sources, both on-chain and third-party. Answered an AI-framed question on combining venture capital principles with proprietary data analysis. Elaborated on risk management in volatile markets and observed trends. Discussed AI mechanisms, such as matching used by Triton Liquid Fund. Explained the strategic choice of Abu Dhabi Global Market (ADGM) as headquarters. Shared plans to better understand the market and offer world-class investment services in the UAE. Addressed common challenges in the crypto space and Triton Liquid Fund's approach to understanding the market. Explored potential expansion to Saudi Arabia or other regions in Asia. Detailed various reports offered by Triton Liquid Fund for investor benefit. Discussed ideal cryptocurrency allocation percentages for High Net Worth Individuals. Provided perspectives on the upcoming USA election and its potential impact on the cryptocurrency market. Offered advice to investors in light of the November 2024 USA election. Discussed maximizing opportunities in tokenization. Shared personal insights on his music preferences and work-life balance.
The conversation with Damien Brady, Vice President of Research for the National Taxpayers Union Foundation, focused on the recent report by the Treasury Inspector General for the Tax Administration about the IRS's failure to effectively audit high net worth individuals. The report found that the examinations were unproductive and that the IRS was shifting its focus to individuals with $400,000 or more. The conversation also touched on the need for IRS reform, the impact of tax complexity, and the challenges of balancing the federal budget. Main Street Matters is part of the Salem Podcast Network - new episodes debut every Wednesday & Friday. For more visit JobCreatorsNetwork.com See omnystudio.com/listener for privacy information.
Planning for retirement comes with many considerations and challenges, especially for those with a high net worth. In this episode of Off the Wall, Monument Private Wealth Advisors, Emily Harper, CFP® and Heaven Goodwin, CFP® chat with Michael Conrath, the Chief Retirement Strategist and Head of the Retirement Insights Strategy Team for J.P. Morgan Asset Management. The trio shares the most common challenges high-net-worth individuals face as they plan for retirement, how to plan for them, and what to consider throughout the retirement planning process. They discuss the emotional aspects of retirement and how to plan to ensure well-being, the challenges that longevity brings to the equation, and the varied ways taxes may affect your desired retirement. They also dive into the key considerations around Roth conversions, social security, Medicare, long-term care, and more. Retirement planning is often a detailed and complex process for high-net-worth individuals, but with the insights from these three experts, you'll be better equipped to plan the retirement of your dreams! “There's this big disconnect because we spend decades planning and working to reach that retirement point, but we sometimes spend very little time planning for how we're actually going to spend the rest of our time, the next chapter, which could be easily 35+ years in retirement… It's important to know what you're retiring to rather than just what you're retiring from.” – Michael Conrath Episode Timeline/Key Highlights: [00:23] Introducing Michael Conrath & the topic of today's episode. [01:45] What is The Retirement Equation? [05:17] 1st retirement challenge for high earners: Not preparing emotionally for the reality of retirement. [09:55] The Retirement PUSH: Purpose, Use, Socialization, Health [14:20] 2nd retirement challenge for high earners: The ever-changing tax landscape. [18:11] Roth Conversions: Is there a sweet spot between current marginal rates and post-2025 marginal rates? [20:22] How taxable income amounts impact aspects of retirement, like social security benefits and cost of Medicare. [24:44] What is a “backdoor Roth”, and should I make one? [29:45] 3rd retirement challenge: With longevity, comes the need for assistance. [35:44] What to consider when self-insuring/self-funding long-term care in retirement. [41:31] What Mike is optimistic and excited about in planning for retirement. [43:15] Mike's #1 recommended resource for gaining inspiration for your retirement. Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures. Resources Mentioned: Subscribe to our Private Wealth Newsletter, Monument #Unfiltered: https://bit.ly/monumentunfiltered Check out J.P. Morgan's 2024 Guide to Retirement: https://bit.ly/4dMU0F8 Visit www.jpmorganfunds.com/mi for more information on the Retirement Insights program. Watch “Live to 100: Secrets of the Blue Zones”: https://www.netflix.com/title/81214929 About Michael Conrath: Michael Conrath, CFP, CPRC, is the Chief Retirement Strategist and Head of the Retirement Insights Strategy Team for J.P. Morgan Asset Management. In this role, Michael is responsible for researching and delivering timely retirement-related insights to clients and financial professionals. Michael has over 25 years of investment and wealth management experience and focuses on identifying themes to improve retirement savings and deliver better retirement income outcomes for individuals across the wealth spectrum. Connect with Michael Conrath on LinkedIn: https://www.linkedin.com/in/michael-conrath-a7205410 Connect with Monument Wealth Management: Visit our website: https://bit.ly/monumentwealthwebsite Follow us on Instagram: https://bit.ly/MonumentWealthIG Connect on LinkedIn: https://bit.ly/MonumentWealthLI Connect on Facebook: https://bit.ly/MonumentWealthFB Connect on YouTube: https://bit.ly/YouTubeMWMFit Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered About “Off the Wall”: OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about. Learn more about our guest co-hosts, Emily and Heaven, on our website at https://bit.ly/4dC98Vw.
In this episode Anupam delves into the fascinating world of generational wealth with Nimish Shah, Managing Director of Family Offices and Portfolio Analytics at LGT Wealth India. Discover how wealthy families manage their fortunes, the intriguing concept of the third generation curse, and the importance of succession planning. Tune in for expert insights on wealth consolidation, effective decision-making, and investment strategies that keep family legacies thriving across generations. Don't miss out on this insightful conversation!See omnystudio.com/listener for privacy information.
Guest: James Check, (Checkmate) Lead Onchain Analyst, Glassnode, Bitcoin Onchain Analyst Check on Chain Host: RA George, Blockchain DXB Contact Info: James Check & Glassnode Glassnode Website - https://glassnode.com/ LinkedIn - https://tinyurl.com/nznh9d44 Telegram- https://t.me/glassnode Youtube - https://www.youtube.com/glassnode Twitter - @glassnode https://twitter.com/glassnode James Check Twitter @_Checkmatey_ https://tinyurl.com/y37j52w9 Substack- https://substack.com/@checkonchain Check on Chain : https://www.checkonchain.com/ Summary of the conversation - James discussed a report he's preparing on the bull and bear cases for cryptocurrency, released on May 1st. - He shared his journey into the cryptocurrency space, particularly focusing on Bitcoin, as well as his background in civil engineering, emphasizing risk and probability. - James highlighted his role as Lead Onchain Analyst for Glassnode, focusing on Bitcoin and Ethereum, incorporating competencies from his civil engineering background. - He defined Bitcoin as a mechanism for storing time, contrasting it with fiat currency's money printing. - Explained Glassnode's role in providing onchain data analysis for traders and institutional investors, highlighting its benefits for individuals and businesses. - Discussed the use of onchain data and its various patterns and insights, including the weekly insights report. - Considered key dates like the FOMC meeting on May 1st and discussed metrics such as outflows and price corrections. - Explored Bitcoin halving and its implications, referencing an interview with YouTuber "Pepperstone" and Glassnode's institutional report with Coinbase. - Examined the impact of stablecoins and other reports Glassnode looks at. - Detailed Glassnode's data extraction processes and challenges in explaining services to clients. - Explored psychological behaviours identified through onchain analysis, sharing a 2021 incident. - Discussed the legitimacy of onchain analysis and Glassnode's competitive advantage. - Recommended the book "Reminiscences of a Stock Operator" and discussed Check on Chain, James' personal project. - Explored Bitcoin's white paper and its significance, along with investment portfolios for High Net Worth Individuals and Institutions. - Discussed Glassnode's use of AI and its impact on the onchain analyst role. - Explored the philosophical implications of Bitcoin as sound money and its role in the future. - Considered Bitcoin halving and related onchain metrics, comparing 2020 and 2024 halvings. - Shared thoughts on ordinal inscriptions and runes, discussing personal use cases. - Discussed Ethereum metrics and challenges, as well as the potential impact of the 2024 US elections on Bitcoin and cryptocurrencies. - Concluded with a discussion on James' music genre preferences and highlighted key information about Glassnode and Check on Chain. Thank you for the podcast. For feedback or suggestion send email to info@blockchaindxb.com
Delve into the financial intricacies and planning for professional athletes and ultra-high net worth individuals with guest Michael Bapis, a managing director at Rockefeller Capital Management. They explore the importance of endorsements, LLCs, and adapting to the changing landscape influenced by NIL and social media. The discussion covers the crucial role of relationships and trust in managing wealth, the significance of diversification in investment portfolios, and the challenges athletes face when transitioning out of their sports careers. Additionally, they touch upon tax strategies, asset protection, and the necessity of early financial education. The episode provides valuable insights and strategies for managing and growing wealth, emphasizing the importance of having a solid financial plan and a team of trusted advisors. Episode Highlights: 05:25 Building Trust and Relationships in Wealth Management 11:30 The Challenges and Misconceptions of Managing Wealth for Athletes and Entertainers 19:41 Leveraging Personal Brands for Financial Success 20:40 Brand Strategy for Athletes and Entertainers 21:25 Emerging Trends in Sports and Entertainment 22:04 Navigating Financial Planning and Estate Taxes 24:51 Managing Sudden Windfalls: Financial Strategies for Athletes 25:55 The Importance of Structured Loans and Debt Management 27:03 Empowering Financial Literacy and Education 30:52 Risk Management and Asset Protection for High Profile Clients Michael Bapis, Managing Director with Vios Advisors at Rockefeller Capital Management, brings over 20 years of wealth management and private banking to his clients, working with many professional athletes and ultra-high net worth to create financial portfolios that align with long-term goals and optimize their wealth. Michael is a registered NFLPA Financial Advisor and is considered a thought leader in the financial services industry, having regularly appeared on CNBC's Trading Nation and Worldwide Exchange, TD Ameritrade, Bloomberg TV and Yahoo Finance as well as quoted in CNNmoney.com, CNBC.com, Reuters, Financial Planning and Investment News.Connect with Michael: Vios Advisors at Rockefeller Capital Management: https://www.rockco.com/vios-advisors/ Vios Advisors LinkedIn: https://www.linkedin.com/in/vios-advisors-at-rockefeller-capital-management-419027134/ Michael Bapis: LinkedIn: https://www.linkedin.com/in/michael-bapis-23a93127/ Vios Advisors Instagram: https://www.instagram.com/rockefellervios/ Don't just listen to the podcast, it's time to take action and dominate your game!
Tom welcomes back Egon von Greyerz, founder and managing partner at Von Greyerz Gold Switzerland. Egon highlights concerns about the current state of the global economy. He underlined the mounting national debts and potential for war as the two primary factors adding to the world's chaos. Despite this, he stresses the importance of focusing on individual wellbeing and controlling what can be influenced personally. Greyerz suggests investment in gold as an effective method of wealth preservation. This is because gold maintains its purchasing power over extended periods, even as fiat currencies lose value. Greyerz predicted a surge in gold interest as a safe haven amid increasing national deficits and economic instability worldwide. The attractiveness of gold is amplified by the potential impacts of overdue debts, particularly in the real estate sector. Furthermore, Greyerz draws attention to the significant shift in the U.S. government's method of funding debt. As central banks continue to create fiat currency, many countries are offloading their U.S. treasury bonds, leaving the Federal Reserve as the main purchaser. This situation, combined with an inflationary world economy, may trigger more financial troubles. Greyerz expresses concerns that governments could potentially confiscate assets or force investment into specific securities such as U.S. treasuries. Moreover, Greyerz warns of the risks associated with investments in Bitcoin and Gold ETFs, emphasizing the need for owning physical gold stored outside the banking system for effective wealth preservation. Despite an overall gloomy prediction for the global economy, Greyerz urges investors to focus on non-monetary values such as family ties and personal relationships. Time Stamp References:0:00 - Introduction1:30 - Wealth Vs. Living2:33 - Gold Fundamentals12:55 - Dollar & Debt Outlook18:17 - BRICS & Russia20:22 - C.B. Gold Buying29:42 - U.S. Gold Holdings?33:25 - Counterparties & Audits34:49 - Scarcity & Balance37:04 - Inflation & Wars39:16 - Fed & Rates44:10 - Other Assets?47:38 - Gold ETF Concerns51:08 - Concluding Thoughts53:22 - Wrap Up Talking Points From This Episode Why Gold reliably retains purchasing power over time, unlike fiat currencies." Exponential gold price rise predicted due to increasing demand, limited supply. Greyerz cautions the risks of potential government confiscation of assets in banks. He also notes that the best things in life are free and help those around you. Guest Links:Website: https://vg.gold/Website: https://www.goldswitzerland.comTwitter: https://twitter.com/GoldSwitzerland Egon von Greyerz is Founder & Managing Partner of Von Greyerz Gold Switzerland Egon began his professional life in Geneva as a banker and thereafter spent 17 years as the Finance Director and Executive Vice-Chairman of Dixons Group Plc. During that time, Dixons expanded from a small photographic retailer to a FTSE 100 company and the largest consumer electronics retailer in the UK. During the 1990s, Egon became actively involved with financial investment activities including mergers and acquisitions and asset allocation consultancy for private family funds. This led to the creation of Von Greyerz as an asset management company based on wealth preservation principles. Von Greyerz is now the world's leading company for direct investor ownership of physical gold and silver outside the banking system. Our vaults include the biggest and safest gold vault in the world, located in the Swiss Alps. Clients include High Net Worth Individuals, Family Offices, Pension Funds, Investment Funds and Trusts in over 90 countries. Egon makes regular media appearances and speaks at investment conferences around the world. He also publishes articles on precious metals, the world economy and wealth preservation.
On this episode of A Wiser Retirement™ Podcast, Casey Smith is joined by Andrew Pratt to talk about what direct indexing is, the pros and cons, and how it benefits high-net-worth individuals. Listen to this episode to see if Direct Indexing is the right strategy for you! Podcast Episodes Referenced:- Ep 175: Passing Down Generational Wealth- Ep 152: 10 Tax Planning Strategies for High Net Worth IndividualsYouTube Video Referenced:- How to Hire a High-Net-Worth Financial AdvisorBlog Referenced:- Is direct indexing the right strategy for you?- Click here to download one of our free guides that covers financial planning topics like retirement, investing, taxes, divorce, and more! - Click here to schedule a consultation with one of our financial advisors.Connect With Wiser Wealth:- Wiser Wealth Management Website- YouTube- Facebook- LinkedIn- Instagram- Twitter- Podcast- Blog This podcast was produced by Wiser Wealth Management. Thanks for listening!
In episode 0082 of The Dental Wealth Nation Show, host Tim McNeely delves into the vital topic of "Wealth Planning for Age 90, 100, and Beyond." Throughout the episode, Tim provides valuable insights and strategies tailored to help dentists and successful individuals plan for a thriving future. The discussion revolves around the challenges and opportunities associated with longevity planning, estate planning, and medical care in the context of an extended lifespan. Tim sheds light on the integration of wealth management and longevity planning, emphasizing the essential considerations for successful families, and the rising significance of concierge and specialized medical care. Moreover, he underscores the impact of extended lifespan on estate planning, urging listeners to contemplate the implications of transferring assets to subsequent generations and the necessity of foresightedness in navigating potential family and business consequences. The episode further emphasizes the importance of seeking guidance from an elite wealth manager who is well-versed in longevity planning. Tim urges listeners to stress test their plans and seek a second opinion to ensure the effectiveness of their wealth management strategies. As the discussion unfolds, he highlights the need to address rising healthcare costs, asset management considerations in the face of extended life expectancy, and the significance of leaving a meaningful legacy. Throughout the episode, Tim McNeely's insights and recommendations provide practical and actionable guidance for dentists and high-net-worth individuals, anchoring the conversation in the context of real-world challenges and opportunities. Listeners are equipped with valuable insights to navigate the complexities of wealth planning for an extended lifespan, demonstrating how strategic decisions today can pave the way for a flourishing future. Discussion Questions: How do successful individuals and families approach wealth planning for their future, specifically in their later years? How are concierge and specialized medical care becoming increasingly integrated into wealth and longevity planning for affluent families? What potential financial impact can significant and costly medical treatments have on a family's wealth, and how can this be mitigated through proper planning? In what ways does living past the age of 100 impact estate planning and the transfer of assets to subsequent generations? What are some potential risks of working with wealth managers who are not well-versed in longevity planning, and how can one identify these "pretender" advisors? How important is it for individuals to stress test their wealth plans, and what steps can they take to ensure their plans will deliver as expected? What are some considerations for rising healthcare costs and state-of-the-art treatments, especially when planning for living past the age of 100? How can individuals ensure that they are leaving the legacy they desire for their loved ones through proper wealth and longevity planning? What are the key factors to consider when deciding how and when to transfer assets to subsequent generations, especially for business owners expecting to live past 100 years old? In what ways can individuals thrive in the midst of an uncertain world by working with elite wealth managers knowledgeable about longevity planning? Keywords: Wealth Planning, Longevity Planning, Estate Planning, Wealth Management, Concierge Medical Care, Specialized Medical Care, Asset Transfer, Healthcare Costs, Legacy Planning, Wealth Manager, High-Net-Worth Individuals, Dentists, Financial Strategies, Succession Planning.
This episode is a compilation of answers to YOUR questions that were asked directly from my listeners who attend my weekly business education YouTube live webcast. Topics covered include: How to start a website for my new company, How to grow my network with high-net-worth individuals, How to be ready for a meeting with a venture capital founder and more. Refer to chapter marks for a complete list of topics covered and to jump to a specific section. Download my free "Networking eBook": www.harouneducation.comAttend my weekly YouTube Live every Thursday's 8am-11am PT. Subscribe to my YouTube Channel to receive notifications. Learn more about my MBA Degree ProgramConnect with me: YouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures TikTok: @chrisharoun
SMALL BUSINESS FINANCE– Business Tax, Financial Basics, Money Mindset, Tax Deductions
Ready to keep more of your hard-earned money away from taxes? This episode dives into the secrets of the tax code, especially for the high rollers without a business. We're unpacking why owning a business is key to slashing taxes and sharing real stories from high earners like you who've turned the tide on their tax bills. Discover how starting a business or investing in one can be your golden ticket to tax savings. Whether you're pondering a side hustle or a full-scale enterprise, we've got actionable tips to make the tax system work for you. Tune in to transform how you handle your finances and start keeping more cash in your pocket. Don't miss out—your wallet will thank you! Next Steps:
Over the years I've worked with many high net worth men. I hear two types of complaints from them: They keep meeting women who are asking for money & gifts; They are easily able to meet and date beautiful women. Even beautiful women who have made their own money. But they struggle with women who care about their personal growth and spirituality more than money and social status. In this episode you'll learn why that happens and what you need to learn to avoid it. Daygame Coaching - https://www.strobert.blog/daygame-coaching/ Join Our Private Community - https://www.daygamecourses.com/strobert-community/ Free Texting And Dating Courses - https://www.daygamecourses.com/
Luxury Listing Specialist - Dominate High End Listings In Any Market
Join me for an insightful conversation with David Friedman, co-founder of Wealth Quotient, as we dive deep into the minds of high-net-worth individuals. Discover the intricacies of their thoughts, spending habits, investments, and philanthropy in this exclusive discussion. David generously shares invaluable insights into the psychology of ultra-high-net-worth individuals, shedding light on their concerns and offering guidance on how to establish trust with this discerning clientele. We'll define high-net-worth individuals and emphasize the significance of tailoring questions based on their passions and interests. Learn the keys to forging meaningful connections in the luxury real estate market and gain practical tips from David on soliciting referrals. By tuning in, you'll gain a profound understanding of the mindset of high-net-worth individuals and acquire strategies for engaging and building trust with these exclusive individuals. “If you want to be interesting, be interested.” -David Friedman Three Things You'll Learn Defining High-Net-Worth Individuals: Explore their passions, hobbies, and interests. The Essence of Trust: Uncover ways to establish and nurture trust in dealings with high-net-worth individuals. Current Macro Trends: Discover the trends influencing high-net-worth and ultra-high-net-worth individuals today. Links: Grab yourself a free referral toolkit: https://www.mywealthq.com/free-referral-toolkit Enjoy $100 off David's course by using the CODE: Lux_lmg Wealth Quotient Website: https://www.mywealthq.com/
Learn how the UHNW (ultra-high-net-worth) individuals invest into different asset classes with Andrew Sarna, VP of Investments at Forthlane Partners. You can follow his work through his daily note here: https://offthecharts.substack.com/Andrew has spent the last 5 years building out the Forthlane investment platform. He has experience across asset classes and building Canadian Pension Plan style portfolios for UHNW clients. He has led multiple investments including Private Equity co-investments, Credit managers, Absolute Return managers, etc. Prior to joining Forthlane, Andrew began his career at the Kraft Heinz Company under 3G Capital, where he was the finance lead in Canada for logistics, supply chain losses and working capital. Andrew is a CFA Charterholder, holds an HBA from the Ivey Business School, and a Bachelor of Engineering Science with a specialization in Integrated Engineering from Western University. He graduated from both programs with Honours. He's also the creator of one of my favourite ways to keep a pulse on the market, a daily newsletter called Off the Charts. Globe and Mail Article:https://archive.ph/AOXdY#selection-2067.0-2067.106 Andrew Henderson with Rick Rubin:https://podcasts.apple.com/us/podcast/andrew-henderson/id1671669052?i=1000619346243
Unlock the secrets of wealth creation with Bronson Hill, a seasoned real estate expert and bestselling author. With over a decade of experience in multifamily property investments, Bronson unveils exclusive strategies for generating passive income and leveraging inflation to your advantage. Delve into his insights on tax-saving tactics, strategic investment approaches, and how high net worth individuals can optimize their portfolios. Join us for an illuminating conversation with Bronson Hill, where financial empowerment meets actionable advice. Chapter Stamps: Introduction and Real Estate Trends (00:00:00 - 00:05:45) Using Debt and Property Investment (00:05:46 - 00:13:49) Tax Strategies and Depreciation (00:13:50 - 00:15:27) Insights from High Net Worth Individuals (00:15:28 - 00:17:59) Networking, Learning, and Self-Made Millionaires (00:18:00 - 00:19:09) Events, Investments, and Passive Income (00:19:10 - 00:20:40) Inflation, Asset Investment, and Value Retention (00:20:41 - 00:23:03) Unique Abilities and Creating Content (00:23:04 - 00:24:15) Pullout Quotes: "Inflation isn't always the enemy; smart investing can turn it into an ally." "Real estate offers an inflation hedge—it's a long-term asset that grows with rising rents." "Using other people's money through smart financing can double your investment in real estate." "Depreciation is magical—it's a handy tool to reduce your tax basis and optimize gains." "Learning is key—88% of millionaires are self-made, proving anyone can grow their wealth." Social: Facebook: https://www.facebook.com/BronsonEquity LinkedIn: https://www.linkedin.com/company/bronson-equity/mycompany Youtube: https://www.youtube.com/channel/UCc1KYJL8ZjF3GC3Wh5lYNfg Instagram: https://www.instagram.com/bronsonequity/ Disclaimer: Please be aware that the opinions and perspectives conveyed in this podcast are solely those of our guests and do not necessarily represent the views, ideologies, or principles of Super Entrepreneurs Podcast, its associated entities, or any organizations they represent or are affiliated with. We provide a platform for discussion and exploration, and the content of each episode is understood to be independent expressions from our guests, rather than a reflection of the beliefs held by the podcast or its hosts. Notice to the Super Entrepreneurs community: Before we part, remember to join our Private Facebook group, 'Mindset for Business Success' Here we share mindset wisdom to elevate your life and business LIVE every Tuesday morning(EST), ready for a transformative journey? This group is your key to unlocking potential and achieving business growth. Don't miss out on this incredible free resource. Join us in 'Mindset for Business Success' Today! https://www.facebook.com/groups/mindsetforbusinesssuccess/ The only limits in our life are those we impose on ourselves. Bob Proctor ▬▬▬ Free Clarity Call with Shahid▬▬▬ https://calendly.com/shahiddurrani/free-clarity-call-with-shahid-durrani ___________________________________________________________________________ OFFERS: https://zez.am/officialshahiddurrani ▬▬▬ Get my Free Webinar▬▬▬ How to super scale your business to the next level without chasing strategies and feeling stuck https://shahiddurrani.com/registration/ ▬▬▬ Business Funding▬▬▬ https://www.7figurescredit.com/superfunding ▬▬▬ Fund Your Clients▬▬▬ https://join.7figurespartners.com/?a_aid=superfunding ▬▬▬ The TEDx Talk Program▬▬▬ https://info.shahiddurrani.com/tedx ▬▬▬ Professional Investment Ideas Delivered to your Inbox▬▬▬ https://capexinsider.com/insider-newsletter/?orid=90906&opid=94 ▬▬▬ FREE DOWNLOAD Reveals Recession Proof Business▬▬▬ https://www.b2bfundingpartner.com/b2bfree100?a_aid=superfunding&a_bid=1f1eb0a5 ▬▬▬ START-UP INVESTOR READY TO HELP▬▬▬ https://info.shahiddurrani.com/ideas ▬▬▬ How to make $3,493 commissions without doing any selling▬▬▬ https://hop.clickbank.net/?affiliate=superentre&vendor=ambsador ▬▬▬ Stock/Options Trading Academy That Works▬▬▬ https://lddy.no/1gqxb ▬▬▬ Real Estate Investing on Terms! No Credit | No Down payment▬▬▬ https://smartrealestatecoach.com/?sld=super ▬▬▬The Land Geek▬▬▬ https://landgeek.samcart.com/referral/NchAZLOd/G9dXgFfeJnxc8pnw ▬▬▬Personalized Natural Skincare▬▬▬ https://ksahai.myshopify.com?p=Bk9tSVD86 ▬▬▬ Private Jet Charter▬▬▬ https://www.villiersjets.com/?id=4082 ▬▬▬ Get Free 14 day trial-Viral Marketing▬▬▬ https://paykstrt.com/35579/115054 ▬▬ Get Magic in Your Mind Course▬▬▬ https://mf271.isrefer.com/go/miymsales/a2949 ▬▬▬ Get Six Minutes to Success Course▬▬▬ https://mf271.isrefer.com/go/6msales/a2949 ▬▬▬ Get Working with the Law Course▬▬▬ https://mf271.isrefer.com/go/wwtlsales/a2949 ▬▬▬ Get Path to Agreement Professional Selling Course▬▬▬ https://mf271.isrefer.com/go/ptapgcsales/a2949 ▬▬▬ Get Principles of Prosperity Course▬▬▬ https://mf271.isrefer.com/go/legacy/a2949 ▬▬▬ Get The New Lead the Field Coaching Program▬▬▬ https://mf271.isrefer.com/go/tnltfsales/a2949 Affiliate Disclaimer: If you buy through one of the links provided, I may receive a commission (without any additional charge to you).
Get Educated Fellow Glitches
Mitchell Green of Lead Edge Capital joins Nick to discuss The Hierarchy of Bullsh*t, The 8 Criteria that Matter Most, Why Boiler Rooms Win, and the Key to Raising Capital. In this episode we cover: Investment Criteria for Scaling Companies Leveraging a Network of High-Net-Worth Individuals for Investment Opportunities Hiring and Evaluating Analysts in the Venture Capital Industry Investing in Private Companies and IPOs AI, Entrepreneurship, and Investing Guest Links: Twitter LinkedIn Lead Edge Capital The hosts of The Full Ratchet are Nick Moran and Nate Pierotti of New Stack Ventures, a venture capital firm committed to investing in founders outside of the Bay Area. Want to keep up to date with The Full Ratchet? Follow us on social. You can learn more about New Stack Ventures by visiting our LinkedIn and Twitter. Are you a founder looking for your next investor? Visit our free tool VC-Rank and we'll send a list of potential investors right to your inbox!
In this captivating conversation, Salvatore Buscemi, CEO and co-founding partner of HRN, LLC, and CEO of Dandrew Partners Capital Management, shares his expertise on investing and networking. Salvatore's unconventional approach to venture deals puts emphasis on the significance of experienced founders and smart money for successful high-risk investments. He also discusses his recent move to Miami, a city that is becoming a hub for investors and opportunities.He sheds light on his experiences raising capital from ultra-high net worth families and highlights the importance of building relationships with them. He also talks about how writing a book can enhance credibility and create a viral marketing campaign. Salvatore shares his experience of leveraging a book to establish connections with high net worth families and his successful journey in the life sciences business.Salvatore's use of premiums to attract investors, such as giving away a Chelsea Football Club jersey for a hefty investment, is a great insight into how to incentivize investors. He also provides insights into the significance of effective storytelling and how to deliver data without overwhelming potential investors. Finally, we touch upon personal branding and investment opportunities. Don't miss out on his wealth of knowledge, experiences, and success stories in this engaging episode.If you found Salvatore's insights on investing and networking as captivating as we did, make sure to connect with him on LinkedIn to stay updated on his latest ventures. You can also visit his website at http://www.dandrewpartners.com to learn more about his unconventional approach to high-risk investments and his successful journey in the life sciences business. VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
According to NerdWallet, although there's no official definition, most experts agree that a High Net Worth Individual is a person who has somewhere between $1-$5 million dollars in liquid assets. Given that attaining this status is a goal that so many of us aspire to achieve, on this episode of CFO at Home, Vince has a conversation with Ben Hockema, CFP and Founder of Illuminate Wealth Management, about how the habits, routines, and behaviors that he's observed in High Net Worth Individuals that he's actually worked with lines up with some of the common personal financial advice on wealth building that's available today. You can learn more about Ben and Illuminate Wealth Management by visiting illuminatewm.com Key Takeaways Budgeting (4:31) Frugality (10:07) Young People and Frugality (12:52) Spending Guardrails (15:18) Fostering an Abundance Mindset(18:13) Generosity (Money and Service) (21:22) Using Debt (26:10) Educating Yourself on Financial Topics (34:11) Vetting Financial Professionals (38:32) Resources: Forbes (June 2021) 16 Habits Of The Wealthy Anyone Would Be Wise To Emulate Ways to Contact: Illuminate Wealth Management Illuminate Wealth Management | Facebook Ben Hockema (@benhockema) | Instagram Ben Hockema, CFP® | LinkedIn Contact the Host - vince@thecfoathome.com
For the first time ever on Real Conversations, Quinn and Jacob do a live hot wing challenge, eating the hottest (Blazing) wings from Buffalo Wild Wings while discussing Shark Tank, angel investing, Jacob's 100 miler, and more. If you enjoyed this episode, please share it, rate it, and review it with this link: https://podcasts.apple.com/ca/podcast/real-conversations/id1594231832 Connect with Quinn on LinkedIn: https://www.linkedin.com/in/quinn-robertson/ Follow Jacob on Instagram: www.instagram.com/thejacoboc Follow Real Conversations on Instagram: www.instagram.com/real.conversations
BIO: Laurent Lequeu is a multi-asset investor dedicated to assisting High Net Worth Individuals and Retail Investors in achieving financial success through actionable investment insights derived from comprehensive global macro trends and meticulous bottom-up analysis.STORY: Laurent thought he could outsmart all the hedge funds and the most brilliant investors by shorting NVIDIA before the first quarter results. His thesis was that the stock was an extended and overcrowded trade. However, people were still interested in the stock, so the price didn't fall as Laurent expected. Consequently, he made a loss.LEARNING: Sizing is crucial, especially in a short position. Apply risk management when investing. Accept that you're going to be wrong. “You have to admit that you're wrong and that the market is always right.”Laurent Lequeu Guest profileLaurent Lequeu is a multi-asset investor dedicated to assisting High Net Worth Individuals and Retail Investors in achieving financial success through actionable investment insights derived from comprehensive global macro trends and meticulous bottom-up analysis.Laurent is a global citizen with a mission to enhance financial literacy and empower individuals worldwide through education.Worst investment everNot too long ago, Laurent thought he could outsmart all the hedge funds and the most brilliant investors by shorting NVIDIA before the first quarter results. His thesis was that the stock was an extended and overcrowded trade. However, people were still interested in the stock, so the price didn't fall as Laurent expected. Consequently, he made a loss.Lessons learnedSizing is crucial, especially in a short position.Apply risk management when investing.Andrew's takeawaysYou have to accept that you will be wrong, and when you get it wrong, be willing to exit, particularly in a short position.If you don't admit you're wrong, the market will admit it for you.Actionable adviceBefore you enter the trades, know how much you can lose. Knowing what you can lose is more important than knowing what you can win. Also, admit that you're wrong because there's nothing wrong with being wrong. This is an industry where you must be right more often than wrong, but you will be wrong eventually.Laurent's recommendationsLaurent recommends focusing on personal learning and personal development regarding financial literacy.No.1 goal for the next 12 monthsLaurent's number one goal for the next 12 months is to be fully dedicated to his new company, which is focusing on improving financial literacy for everyone. He also wants to democratize and demystify macro investing.Parting words “Unlock your individual financial success and learn to be financially independent.”Laurent Lequeu [spp-transcript] Connect with Laurent LequeuLinkedInFacebookTwitterYouTube
I'm excited to share the two-year anniversary of the most popular Value Hive episode to date! This week we chat with Dan McMurtrie, co-founder and Portfolio Manager of Tyro Partners. Tyro manages assets for Institutions and High Net Worth Individuals. We utilize a deep dive research process focused on evaluating the secular trends and supply chains driving Technology, Healthcare, Industrial, and Consumer markets. Today Dan joins The Hive for a three-hour podcast with topics ranging from post-consciousness, Maslow's Hierarchy of Needs, Fad Investing, and Lessons For Emerging Managers. Dan is a fantastic investor and an even better human. I hope you listen to the show in its entirety as Dan continually drops knowledge bombs about life as an emerging manager. If you don't already, please follow Dan on Twitter @SuperMugatu. Also, if you're interested in Dan's firm Tyro Partners, check them out here. Also, a big thanks to the following sponsors for making the podcast a reality! Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR every day in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. Marhelm Marhelm is an information service for investors to find real value in an overvalued market. With a focus on shipping and commodities, Marhelm helps you stay on the pulse of global trade, track global sentiment, and identify compelling investment opportunities. Get 20% of your subscription by using the code VALUE at checkout. Check it out here. --- Support this podcast: https://podcasters.spotify.com/pod/show/valuehive/support
In this captivating episode, we have an expert guest, Alex Rosenfeld, from Hoffman Brown, who brings over two decades of experience in insurance and wildfire risk management. Alex shares invaluable insights on safeguarding high net worth properties against wildfires and discusses the latest trends in this vital area. Alex discusses various topics related to protecting properties against wildfires, particularly focusing on high net worth individuals. Alex emphasizes the importance of understanding the client's needs and educating them about the risks they face and appropriate insurance coverage. He highlights the significance of having conversations with clients to assess changes in their lives and ensure proper coverage, especially with non-admitted carriers, where specific gaps may exist. The discussion also touches on issues like liability, domestic worker's compensation, coverage limits, and the importance of having comprehensive protection. During the podcast, you'll discover:
Today's guest is Travis Baucom. Travis is the founder, and CEO of Balcomie Capital. Balcomie Capital is a boutique firm for high-net-worth and high-income individuals that specializes in a seldomly invested but well-known property type that performs better than most others. -------------------------------------------------------------- The Challenges of Managing Rental Properties [00:02:25] Transitioning to Self-Storage Facilities [00:01:54] Unloading the Rental Portfolio [00:07:15] The challenges of managing a large portfolio [00:10:05] Transitioning to self-storage facilities [00:11:45] Working on a self-storage development deal [00:16:33] High Net Worth Individuals and Ultra High Net Worth Individuals [00:20:20] Lessons from Flipping Houses [00:21:33] Contact Information [00:22:00] -------------------------------------------------------------- Connect with Travis: Instagram: https://www.instagram.com/travis_baucom/ Facebook: https://www.facebook.com/people/Travis-Baucom/8359225/ Twitter: https://twitter.com/TravisBaucom?s=20 LinkedIn: https://www.linkedin.com/in/travisbaucom/ Website: https://balcomiecapital.com/ Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Travis Baucom (00:00:00) - Like the short term middle business is just like the flipping business in the sense that you're always on, you're always game, you're always having to, you know, focus on customer service, etcetera, etcetera. Storage is like managed. It really is. You set it and forget it. One of my I have 50,000ft² that's managed by one person. 396 tenants. She's awesome. And I call her maybe once a month. Welcome to the How to scale commercial real estate show. Sam Wilson (00:00:27) - Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Travis Barker is the founder and CEO of Alchemy Capital. Alchemy Capital is a boutique firm for high net worth and high income individuals that specializes in the seldomly invested in but well known property type that performs a lot better than others. Travis, welcome to the show. Travis Baucom (00:00:51) - Hey, nice. Nice to. Nice to meet you. Thanks for having me. Sam Wilson (00:00:54) - Absolutely. Travis. I appreciate it. There are three questions, the three questions I ask every guest that comes on the show in 90s or less. Sam Wilson (00:01:01) - Can you tell me, where did you start? Where are you now and how did you get there? Travis Baucom (00:01:04) - Yeah, so I started in the residential space buying single family homes, specifically foreclosures back in 2012. I didn't have a lot of money, so that was kind of that that's if I was going to get into real estate investing, that was going to be the only way to do it. Or at least that's how I saw it. And I really wanted to be in the residential space. Over the next eight years, we bought over 400 houses and then we realized that, you know, this is probably not where we want to be long term. It was going to be a hard place to ever retire from because of the the plate spinning and the wheels that are always spinning. And the residential space made a big switch to self-storage for the most part exclusively self storage. We have a few, you know, hobby projects that we do. But yeah, we, we own over 1800 units of self storage facilities in Texas, one in Oklahoma, very large. Travis Baucom (00:01:54) - We we focus on buying like a mom and pop property and then expanding it. You can make tremendous yield doing that. And as far as moving forward, we're going to focus on the acquisition and the development of Class A self storage facilities. Sam Wilson (00:02:11) - And that's really, really cool. I love that the 400 houses, that's that's a lot of houses to buy. A lot of closings. That's a lot of paperwork. Like how in the world and do you still mean with those rentals with those houses. Travis Baucom (00:02:25) - Yeah So so you had you had to buy it and that's 400 transactions and then you had to sell them, which is another 400 transactions and not including the utility payments and the constructions and the massive amount of employees it takes to manage that stuff. And so, yeah, that's we bought, like I said, in 2012, we bought our first house, bought another house late 2012, 2013, about four houses we started. We kind of were tripping up or falling forward or failing forward, whatever you have have. Travis Baucom (00:02:53) - So we mess up and be like, Man on the next one. We're going to fix that. And then we get to a point where we were buying 5 to 7 houses a month, then 10 to 15 houses a month. It was kind of backloaded, meaning that we kind of, you know, ramped it up. And then 2016, 17, 18, we bought a ton of houses. So 2016, but 56, 2017 was 87, then 2018 was 91 until October of 2018. And then I got I was so burned out of trying to keep it all together, I hadn't been able to take a break. No. Vacation. We didn't have money for vacation. We were just continually putting money back into the system. And I was like, This sucks. Like like give me a job for 75,000 bucks. Like, like, I'll take it immediately. You know, that wasn't even what we lived on, you know, It was just like I was just so miserable that I was willing. Travis Baucom (00:03:46) - Like, I remember seeing a homeless guy once panhandling, and I'm like, man, like, dude, just got it. He's got it so easy. All he has to do is hold out his hat and get paid money and have some sob story. You know, here I am, like trying to keep every banker and construction guy or, you know, contractor at bay and in private investors and employees afloat. Like it was like all on me. It's like that that statue with the dude with the world on his shoulders. You know, it's a horrible way of making wealth and making income. I'll just tell you that. And I will I will debate anyone on that topic because I have the stories to prove it. But yeah, it was there was we made a hard decision in 2018 to quit and just like started we had at that time, we had 40 renovations going, 42 renovations and 72 single family home rentals. And we just I was like, I'm just going to wind down and restart. Travis Baucom (00:04:41) - I like in my head I was like, We should have like 700 grand. When all this is done, everyone will be paid back. Debit card or credit cards will be paid back. In reality, that's not what happened. When we like the the values were greatly skewed. The renovation budgets were way under budget. And you know, when you go 20 grand off of a renovation, it's not like that money just comes out of nowhere. That's a profit from another deal. You had to put in that and you're not able to live on that. You're not able to pay payroll on that. And so no. One, I have not met anyone. There's three operators in America and I know most of the massive house flipping operators. There's three operators that I think actually do well on it. Otherwise, everyone has struggles. I see more people struggle on this single family game. Then I see people successful in the single family. Sam Wilson (00:05:32) - Game and that way you guys were strictly flipping or were you? I heard you say rentals or Yeah. Travis Baucom (00:05:37) - We had 72 rentals to go. We were to my before everything just kind of dried up. I was planning on just like we're going to buy rentals and, and then when I get to 300 rentals I'm not flipping houses anymore and I'm firing everybody. I'm going to hire a really smart person to manage all three of those. And I'm and I'm going to retire because I hate this so much. But you have issues like when you have 72 rentals and they're class C, class B rentals and you have Hvac s, those tenants are too busy surviving to replace the filter. Yep. You know, and if they're not surviving, they're probably, you know, like just doing other things that will cause them to forget to take care of the property or they just don't care. And, and so your AC goes out and then that's all the landlord fault because he put in a crappy AC even though that the AC was new 12 months ago they just, you know like we had this really rough small apartment complex. Travis Baucom (00:06:33) - The tenants would actually take the fiberglass. Uh. A filter out and like strip it and put it in their joints. So. Because he knows why. Why are y'all doing this? Like what? What the hell? This is not good for you. Like, oh, guess it's a little higher. I'm like, Gosh, Oh, my God. Just give me just leave. I just want to be out of this so fast. It was that was that was the worst. I think it's still the worst property in that in that market. Just such a I don't the guy I sold it to is a friend of mine now and he still every time talked to me he hasn't gotten it full so. Sam Wilson (00:07:07) - All right so now we the 65 seven. Travis Baucom (00:07:08) - Yeah. So that's why get out of it. Sam Wilson (00:07:10) - Now we know why you got out of it. What did you do with the rental portfolio? How did you unload that? Travis Baucom (00:07:15) - Just sold. Yeah. So? So 2018 In October 2018, I actually ran out of money. Travis Baucom (00:07:19) - We just were so because everything, everything had just explained, just we were out of cash. And so I was like, well, I can't make payroll and I don't really even like these employees anymore because they they're, you know, that guy is the one that under underbid the property. He paid too much for the property. This guy is the one that paid the drywall bill three times the same guy. I didn't realize that. You know, like all y'all are fired. And so I fired everybody on one one day. And I took I went home. 42 renovations, 72 houses. I list everything we had. And so, like, I spent 2 or 3 days. I was a real I'm a real estate broker and I listed everything I had. And if it was a half done project, we would list it like somebody wants to buy it for what we owe on it, we'll take it. And so at that point, I just took tranches of five. Like, I'll take these five houses and I'll renovate these five houses with these five crews and then these five houses and these five houses. Travis Baucom (00:08:12) - And eventually the crews didn't like the way all of a sudden they had the gravy train. They would just submitted invoice get paid and was like, No, you missed the spot, missus. I was just all of a sudden running my business like a business. And they were used to my construction manager just writing a check whenever they needed any money for anything, for whatever reason. And then. Yeah, And then the 72 houses, like we sold some tranches of those, you know, the property manager was still money. We found out, I found out after every every can everybody that the property manager was actually just kind of milking us, you know, like not, you know, telling us to replace final plant that had been using his construction company to replace all do all the work. So real bad. Just real environment, honestly, was the worst. That's the only word I can think about using. Um, and yeah. And so we just it took me 28 months to unwind all that and then we were out of it. Travis Baucom (00:09:03) - We didn't have most of it. Most of the debt was paid off if the debt hadn't been paid off. We had agreements for those people. And so every bank, despite that catastrophe, every bank got paid back plus interest, every hard money lender got paid back plus interest. Every investor get paid back plus interest. And if they didn't get paid back plus interest and we were setting up monthly payments with them. And so my thought is if I could just took care of the people that helped me get to where I was, then they will help me get to where I want to go. Sam Wilson (00:09:31) - And so and so you said, all right, you had enough enough of the housing game that were you out that killed you. What what did what are you going to do differently? Because, I mean, it's one thing and I'm going to I'm going to offend you here maybe a little bit. But you seem like somebody who likes to shoot straight. So it's one thing to say, well, you know, employees did this, employees did that, employees did this. Sam Wilson (00:09:52) - But there has to be some lessons for you in there as well, like from a from a leadership perspective and also from a in my next company, in my next version of real estate, I'm going to do something differently. What are some of those? Travis Baucom (00:10:05) - Yeah, yeah. And thank you for calling me out on the the the finger pointing. So to say that a different way is not everything that happened in my business was my fault. I did you know, there was so much going on. I didn't know the guy was the drywall guy was getting paid three times for one job, you know, But everything was my responsibility. And that's when I took, you know, and I was so burned out, I'd have been like, just slagging and slagging. And then then I'm like, all right. Like, for me to get out of this without losing everything, gotta make some hard decisions. And so that's when so the 28 months of me like, you know, the first 7 or 8 months of that was pretty painful because we were still out of cash, people wanting money. Travis Baucom (00:10:44) - We were having to explain the same story over and over. And so one thing that I did to choose, you know, I chose not to do. One thing that happened when I decided to take everything home is I read Ray Dalio's book Principles. Um. Good news for everybody that doesn't want to read a book that's 1800 pages, whatever. You can just get on YouTube and Google. Ray Dalio principles. There's actually an animated version of that entire book that goes that's covered, very entertaining. That's done in 34 minutes, so you can learn all the principles. In the book principles that you need to. And so one of those principles for me is if I'm going to invest in something, it has to be making money every day, every week or every month that it has to pay cash flow every day, every week, every month. So flipping a house is just out of the question. Like we might flip a house Just. Just to make a quick buck. But we're not going to build a business flipping houses ever again. Travis Baucom (00:11:45) - Right. And I don't recommend anyone doing that if you're listening to this. And so. So by focusing on assets that make money every day, every week, every month, we eliminated most of the stuff we had been doing. And so the highly speculative, highly value add house buying business. And so. So originally we started buying short term rentals before Airbnb took off. Those are working really well. Those make money every day or every week. And then we're like, All right, hospitality assets are pretty risky in a recession. They don't perform very well. So we're going to need a hedge. So how do we hedge? Just find the most. What is the opposite of a really, you know, hospitality makes really great yield in a good, good market, especially in a good, a good, good economy and a good market. What's the market or what's the asset class that we need to buy in to make sure we hedge for this? And that's where we found storage. And then after we bought our first portfolio storage portfolio, I'm like, I'm selling the short term rentals because because self storage is so easy compared to, you know, driving Friday evening when I'm hanging out with my son and having to fix a whatever, you know, whatever the heck Wi-Fi password issue or something like that, driving 20 minutes and 20 minutes, it goes an hour of my life. Travis Baucom (00:13:00) - And just also, that lady might give me a five star review, you know, And I'm like, that's not the life I want to live. I want to set it and forget it. Like, this is like the short term middle business is just like the flipping business in the sense that you're always on, you're always game, you're always having to, you know, focus on customer service, etcetera, etcetera. Storage is like manage. It really is. You set it and forget it. One of my I have 50,000ft² that's managed by one person, 396 tenants. She's awesome. And I call her maybe once a month. And so like if I think of I need to call, see what's going on, sometimes it's just send a text because she has it down. I can pull up immediately, I can pull up the dashboard and realize, oh, 98.1% of our tenants have paid on the fifth part of fifth of the month. I don't have to worry about it. She'll call me if there's a fire, a robbery or a theft, or if something catastrophic is happening. Travis Baucom (00:13:54) - Otherwise I just need to call her and make sure she knows I'm thinking of her and that she's valuable to my company and that we really think are thankful for her, that sort of thing. So. Right. It's the opposite of like having to like do massive operations and take care of human beings in short term rentals. Sam Wilson (00:14:12) - Oh, human beings and short term rentals or even I mean, just just looking at. Travis Baucom (00:14:17) - Generally. Sam Wilson (00:14:18) - Well, just going back to the flipping business. I mean, my gosh, like, I'm with you, man. I did a lot of it. Not nearly as much as you did, but I did a lot of it. And it's like I just I couldn't go back to it. I couldn't go back to it. Too many moving parts. And I think I think part of what I hear you saying here is building, because for some people, flipping is fun. Like, they want to do that. They want the phones, they want they want the busyness, they want the contractors and the painters and this and that and the closings. Sam Wilson (00:14:43) - And there's something they just enjoy that frenetic activity. But it sounds like for you, you've really want to build a business. It kind of suits who you are, maybe not so much necessarily chasing the like. Travis Baucom (00:14:55) - Hey, totally. Sam Wilson (00:14:57) - Massive empire you're building. Travis Baucom (00:14:59) - So, you know, in 2018, when I wrote down Principles of How I Want my Life to look, yeah, I also wrote down like, because I was so frustrated and sad and angry that I hadn't been able to create the life I wanted in eight years of flipping houses or six years of flipping houses. And so I'm like, What do I really want? I'm like, Well, I want stars. Season passes. I want maps, season passes, I want this, I want that. I want to be able to mountain bike. I want to go for vacations a year with my family. I want to go on four getaways with my wife. All this stuff that I'm writing down, I'm like, I'm going to create this now and fund this environment as opposed to my business owning me. Travis Baucom (00:15:33) - I'm going to actually own the business and it's going to serve me the way I want it to serve. And so that's that's another reason why short term rentals are gone. And self-storage is is where we're headed because we just you know, I can go mountain biking on Monday and I can go mountain biking on Friday and then Tuesday, Wednesday, Thursday can knock all the stuff out I need. And sometimes I don't even have those three things. When we're raising capital, we're really busy. But when when we aren't raising capital, we're just looking for the next deal. And that takes 3 or 4 to five hours a week to do. Right. Sam Wilson (00:16:02) - What's the deal you're working on right now? You know, there has been incredible interest, obviously, in the self storage space. Yeah, I'm thinking back from when I first started really learning about and investing in commercial real estate, which is now seven years ago, you know, self storage was it was warm ish, you know, and it became a very hot asset class. Sam Wilson (00:16:22) - I think it is still has a lot of attraction for a lot of people. But what's a deal you're working on right now? And why is why is it in particular a great deal? Travis Baucom (00:16:33) - Sure. Sure. Yeah. Would like to hit on the reason why self-storage is hot right now is just to work from home is primarily the reason. And then there's a lot of traffic, a lot of trains transitioning of housing. So those two things are driving a ton of demand because if you're if you're at home and Airbnb, who pays a ton of money since you're talking about short term rentals, they pay a ton of money for their employees. And they literally said, hey, indefinitely, you can work remotely, you can work wherever you want. We're not going to tier your salary like Facebook is tearing people's salary depending on where they live. So me living in Waco, Texas, if you work for Facebook, you're going to make a lot less than if you were. San Francisco is call it. They call it like the work work market algorithm or something like that. Travis Baucom (00:17:16) - But Airbnb is like you can work indefinitely. So several buddies of mine in Waco that it would never work for like a national company now just they work for a California company and they make like $130,000. It's a huge salary in Waco. And so so what that says now that you can work at home indefinitely, you just cleared out the room that you had all your boxes in your storage room and now that's your office. And so a lot of that's happening. The deal we're working on right now is in Texas. It's an Austin MSA. It's a city called Georgetown, Texas. It's the wealthy or most expensive, fastest growing. Suburb of Boston. Um, and it is it's grown 35% in five years. So healthy growth is 2% a year according to Gallup. Um, so should have grown 10% it three and a half. That so we're building a huge one of the last C1 zone areas meaning C1 is a zoning that allows storage by special use permit. So there's not going to be that many places that anyone can even build a storage facility or get permission to build a storage facility. Travis Baucom (00:18:27) - So we're building it at the corner at a major intersection in one of the last zoning plots that is allowed to build storage. It's 967 units. It's 107,000ft². It's main. It's going to be managed by extra space, which is about to be soon to be the largest facility owner in America. Um, they have some of the highest or some of the most advanced technology. We're going to get that thing filled up really quick. It's going to be awesome. Um, it looks more like a hotel than it does a self storage facility. It is gorgeous. It's beautiful. And, you know, our our cost is somewhere around 17 million for that stabilized value on the five years, 26 million stabilized value on a ten years closer to 33 million. And that is based on a five and a half cap, which is where public rates are. So buying. Sam Wilson (00:19:18) - Wow, that's cool. I wish we had more time to dig in to have you back on the show here in a few months and just follow up and and get the update on on that project because that mean that's one. Sam Wilson (00:19:31) - So it's a development deal, right? Yeah. There's a lot of ground out there. Yeah. Ground up deal. So people are afraid of development right now. In general, you're in self storage, But yes, it's a hot asset class. But I think on a on a probably dollar for dollar, you know, multifamily to self storage, the dollars probably don't even compare self storage still doesn't hasn't been trading nearly as much as maybe what multifamily has. So I think you're still in a really cool asset class on that front. You're in a booming town in a in a C1, What do you call it? The C one Zoning, Yeah, all of those things together sound like a really fantastic project. Give us just maybe the 22nd version of, Let's see, we're recording this on May 30th. What what, what is capital doing right now? Like, what are, what are someone you have an awesome project like this. Any challenges on that front? Any successes on raising capital in this environment? Travis Baucom (00:20:20) - Yeah. Travis Baucom (00:20:20) - So I'd break it down to people with high net worth individuals and then ultra high net worth individuals, high net worth individuals, which probably were me and you would fall in. We our available cash is either on the sidelines we're not gonna put anywhere or it's in deals. Right. And we're living off of our income don't have an income. But um, ultra high net worth individuals, they are still interested sporadically. The hard thing about storage is, you know, most people's visual or mental picture of a storage facility is just a crappy, like metal building with some boats around it. Maybe a. Breaking Bad meth or something like that. And so it's not really well, well appreciated it at this point. But but yeah, ultra high net worth individuals are still are still committing for deals they are running bigger checks. You also have you have private equity. You get family offices. Those come with a lot of strings attached. A lot of you basically lose a lot of your control that way. But if it's, you know, if you want to get a deal done in 2023, 8.25% interest with wherever the heck inflation is, that might be your only option. Travis Baucom (00:21:32) - Right? Sam Wilson (00:21:33) - Right. Very, very cool. I love it. Travis, thank you for taking the time to come on the show today. I certainly appreciate it. I learned a lot from you, certainly from the pains of flipping 400 houses and then exiting that finding what you're into now, why you love it. I mean, the idea that your phone doesn't ring certainly speaks to my heart. That's a that's an amazing asset class to be. And I'll call you once a month and we'll see see how things are going. So very, very cool if our listeners want to get in touch with you and learn more about you, what is the best way to do that? Travis Baucom (00:22:00) - Yeah, the best way is on our website. It's dot invest in storage deals, dot com. Sam Wilson (00:22:09) - Invest in storage deals. We will make sure we put that there in the show notes. Travis, thank you again for coming on today. I do appreciate it. Travis Baucom (00:22:15) - Yeah, appreciate it, man. Thank you. Sam Wilson (00:22:17) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. Sam Wilson (00:22:21) - If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
These are the skills that set high net-worth individuals apart from low net-worth ones. getstartedmarketing.com seancastrina.com
© 2020-2025 Ivy Podcast Discovery LLC
