Creating a Family Legacy with Dave Zook, and the ABCs of Wills and Trusts
Release Date: 09/24/2021
Creating a Rich Mind and Wealth with Randy Wilson
Gary's Gulch
Podcaster and good friend Randy Wilson invited me onto the Rich Mind podcast to discuss generational wealth and legacy. Learn how to create wealth, hold onto it and educate the future generations to do the same. Highlights Wealth vs. Legacy: Defining Key Concepts. Importance of Investing in Yourself. Opportunity Cost: Using Cash vs. Borrowing. Embracing Boring Businesses: Opportunity in Overlooked Industries. Infinite Banking: A Tool for Legacy Planning. Links and Resources from this Episode Connect with Gary Pinkerton Connect with Randy Wilson Review,...
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Heal America to Save the World, Start TODAY
Gary's Gulch
The 2024 election is in the history books. Now it is time to show what true leadership is all about. Come together, embrace those that voted differently than you did and work as a united country to save the world. This means no in-fighting and rather seeing the true common enemy - the spread of evil across the globe that is leading directly to WW3, something that was a foregone conclusion until last night. We can fix all of this and bring prosperity to our country and the world that can last for a century - Listen in to find out how. Highlights Post-election reflection and gratitude....
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FOCUS is always the key to sustained and extraordinary success
Gary's Gulch
Financial advisors are perhaps most well known for their milk toast advice to create a 'diversified portfolio of blah, blah and blah'. Business owners don't follow balance and diversification, they Focus just as Olympic athletes and anyone at the top of their field does. I teach my clients to focus for Agency - listen in to hear why and how. Highlights Voting for optimism and unity. Bringing optimism to counter negativity. Shepherding clients like a guide. Challenges and opportunities in financial management. Free-market economics and Nelson Nash. Focus vs. diversification in investing....
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Early Voting, Hurricanes and the Formula for an Abundant Life - What a Blast!
Gary's Gulch
I update the Gulch on the hurricanes and make a renewed push for Early Voting. Then I discuss a very misunderstood financial issue - how to grow wealth with certainty and then not outlive your money in retirement. Highlights Eye of the storm: Hurricane Milton impact. Personal experience with rising water surge. Importance of voting early. Two parallel paths: protection and wealth. Exponential growth of wealth accumulation. Critical retirement planning insights. Encouraging continuous work post-retirement. Significance of longevity risk in retirement. Overview of retirement income strategies....
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Zero Red Flags - Only do deals with Good People
Gary's Gulch
I start with another huge push to bank your vote early - there are 5-6 states already open and we NEED to get all our friends to vote as soon as possible to help those in the swing states trying to get all patriots registered and their vote counted. If you vote, they know they can now focus on someone else! How do you avoid the risks of investing with a crook who will Take your money, an idiot who will Lose your money, or a lazy person who just doesn't Shephard your money? Only do investments where there have been absolutely NO red flags that concerned you, and with people you know very well...
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Our Path to Lasting Freedom is Within Reach, Need YOUR Help!
Gary's Gulch
This is feedback on the Trump-Harris debate and actions I need every listener who loves their family, their country and their freedoms to take today. Please listen in, take notes and take action - We're going to preserve this amazing Nation for another 250 years. Highlights Feedback on Trump-Harris debate Importance of identifying and countering misinformation Mobilizing friends and family to vote Risks if Kamala Harris becomes President Rebutting Kamala Harris’ radical agenda Trump’s plan: America First Recognizing media bias Comparing the upcoming election to past pivotal elections The...
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Vote Early! Investing with High Rates in a Sketchy Economy
Gary's Gulch
I start off this episode laying out my case for why it is vital you and everyone you know Banks their Vote as soon as possible. Don't wait for the made-up crisis to prevent your vote from being counted on election day. Then - How can we still invest with high mortgage rates and in an unstable economy? You have to be smarter, more judicious with your capital. And be skeptical that the worst scenario will come true. There are hundreds of syndications doing 'capital calls' for their members, I'm in 3 of them. Stay liquid, stay alert and ask good questions - listen in for a full layout of the...
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Agency is the key to health and prosperity
Gary's Gulch
I share my story of the yo-yo of dieting over the years. I've tried them all, and most are successful until I stress eat my way back to the top. What I've learned in my spiritual and financial journey of late is that Agency holds the key to the permanent solution. Listen in! Highlights Attempting different diets: experiences and results. Mention of carnivore diet and personal experience. Natural hygiene concept from Fit for Life book. Personal reasons for moving away from a meat-only diet. Consistency in dieting and exploring Fit for Life for long-term results. Discussion on separating fruit...
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Three Requirements for Permanent Financial Success
Gary's Gulch
I describe two ways to look at using your current resources or advantages you have to pivot your personal life, your business, or both. First is reflection on Darren Hardy's recent Darren Daily episode on Time-Money-Wealth and using 2 of the 3 to obtain the other one. The second is similar and forms the backbone of our strategy at Paradigm Life: Cash Flow-Protection-Wealth. These three must all be in place in the end to ensure success, but you can use two of the three to achieve the desired result. However, history shows in most cases you cannot successfully use just one to get all three. ...
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The Constitutional Entrepreneur with FL Rep Ryan Chamberlin
Gary's Gulch
I had the pleasure to be an early guest on the Constitutional Entrepreneur podcast with my friend and host Ryan Chamberlin. Ryan is a member of the Florida state House of Representatives. His podcast is focused on championing the efforts of entrepreneurs who believe in conservative values and preserving freedom in America. We discuss Freedom, Agency and Patriotism. Have a listen and be sure to subscribe to Congressman Ryan Chamberlin's incredible new podcast! Highlights Discussion on legacy and its importance. Building social capital and culture. Importance of relationships in...
info_outlineAfter your death, is it your responsibility to leave everything, your money, and estate to your children?
In the third episode with Dave Zook, he discusses how he approaches building lasting legacy in his family. Additionally, Gary explains the difference between wills and inheritance and how the rich and the famous handle them. He also took some time to demystify trusts as a legacy tool and discuss advice Kim Butler has in her book Perpetual Wealth for discussing money with family.
Highlights
- Attending the Elevate Investor Conference. - 0:20
- What are they?: Wills and trust and how you can put them in place to be successful. - 3:16
- The two kinds of trust. - 9:30
- Are trusts good asset protection vehicles? - 12:03
- Difference between trusts and wills. - 13:01
- Believing Bill Gates and Warren Buffet: The goal of leaving your children with enough to do anything they’d like, but not nothing. - 17:25
- The greatest gift you can give your children is your own independence. - 19:33
- Having a casual and comfortable conversation with your children about money teaches them to be reasonable with their conversations. Not bragging and not making somebody else feel bad. It should not be forbidden to talk about money. - 21:56
- Is it fair for your children to distribute your money to charities? - 22:28
- Your family may or may not have a philanthropic focus. It is something to consider as charitable giving can do so much good, not only in the world but in your family as well. - 23:42
- Legacies go far beyond dollars and far beyond our lifetimes: Kim’s thoughts about preserving legacies in your family. - 26:01
- What wisdom and lessons learned can David pass along to the new generation? - 28:12
- Preparing his children to real-life, entrepreneurship, and capitalism: Raising teenagers that are capable and have the right mindset. 28:51
- Setting up milestones: Encouraging his children to have different goals that they want to achieve. - 31:26
- What five years from now will look like? - 32:59
- How people can reach Dave. - 33:39
Links and Resources from this Episode - Perpetual Wealth by Kim Butler and Kate Phillips
- The Master Key System
- https://entrustedplanning.com/
- Connect with Gary Pinkerton
- https://www.paradigmlife.net/
- [email protected]
- https://garypinkerton.com/
- Connect with Dave Zook
- https://www.therealassetinvestor.com/
- [email protected]