#519 How The Rich Make Their Assets Invisible

Main Street Business

Join Mark J. Kohler in this latest episode of the Main Street Business Podcast as he explores the fundamentals of asset protection and privacy. Learn about the essential structures, from LLCs to the advanced "Trifecta Strategy," and how regular reviews and professional advice can boost your financial security.

Here are some of the highlights:

• Mark emphasizes how asset protection is about implementing strategies to protect financial assets.
• Create entities without personal name/address, use mail forwarding services.
• Measures to level up security/privacy, such as video inventory of belongings, shredding documents, and fireproof safes.
• Asset protection and privacy has 3 different levels based on asset amount and risk.
• Mark maps out the Trifecta and how it can be used to enhance asset protection, tax strategies, and estate planning.
• Why asset protection and privacy are essential for wealth building and security.
• Importance of regular maintenance and updates.

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Chapters

1. Asset Protection and Privacy Strategies (00:00:00)

2. Advanced Asset Protection and Privacy Strategies (00:06:29)

3. Effective Asset Protection and Privacy (00:16:35)