))
Expand Your Empire 33: Personal Pyramid of Wealth
Manage episode 412719593 series 3495003
Content provided by Jeff Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jeff Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode of the Tactical Empire podcast, the hosts summarize the three-day personal pyramid of wealth challenge, discussing non-traditional personal finance approaches. They emphasize the importance of an all-inclusive financial system where income, savings, and investments work in unison, using a pyramid as a visual metaphor. The foundation of this system starts with maximizing income through active, less active, and passive sources. Savings are not to be seen merely as money in a bank account but as a tool for protection and leveraging investments. The hosts advocate for a savings rate of at least 30%, aspiring towards 50%. Instead of direct investment from savings, they suggest a protection layer through high early cash value life insurance policies, providing a guaranteed interest rate and potential dividends. This setup allows for uninterrupted compounding of wealth and leveraging of life insurance policy loans for investing in cash-flow opportunities. They stress the practicality of this system for individuals at any income level or financial literacy, encouraging listeners to take financial leadership and control over their financial destinies for long-term wealth building and financial freedom.
Chapters
- 00:00 Welcome to the Tactical Empire Podcast Wrap-Up
- 00:36 The Personal Pyramid of Wealth Explained
- 01:44 Breaking Down the Wealth Building System
- 02:25 The Importance of Savings and Protection
- 05:27 Investment Strategies for Cash Flow
- 11:27 Implementing the System in Real Life
- 23:24 Empowering Financial Leadership and Action
You can connect with Shawn Rider on Facebook and Instagram.
If what you heard resonated with you, you can find Jeff on Instagram, Facebook.
If you're interested you can visit The Tactical Empire's website https://www.thetacticalempire.com/home-4169.
And don’t forget to visit us on Apple Podcasts to leave a review and let us know what you think! Your feedback keeps us going. Thanks for helping us spread the word!
119 episodes
Share
