Do Well by Doing Good: Add Value to Your Children and Customers
Release Date: 02/24/2023
I provide my observations from the many economists and investing experts we heard from at George Gammon's Rebel Capitalist Live and conversations I had with friends about a recent investment loss we experienced. Episode Highlights Oil and gas investment that went south The importance of depending on oneself for wealth growth Preparing for financial winter as mentioned in the Rebel Capitalist Live event Focusing on durable investments like ATMs and self-storage Doubling the size of emergency funds and considering high cash value life insurance policies Predictions of a coming recession and...info_outline Teaching our Kids Rentals and Infinite Banking Q&A - Part 2 with Aaron Chapman
This is the 2nd of a 2-part series on growing wealth through the combination of directly owned rental properties and infinite banking. In this one we discuss teaching the next generation, growing a legacy and answer some listener questions. If you missed part 1 last week, go back and review - I review why directly owned assets, the first investing tier in the Hierarchy of Wealth is vital to our long-term success and we discuss how each of us got started and why. Episode Highlights Importance of having a solid foundation in your financial life to handle unexpected situations Warning against...info_outline Wealth Through Rentals and Infinite Banking - Part 1 with Aaron Chapman
I have back on the show for a 2-part series on growing wealth through the combination of directly owned rental properties and infinite banking. In this one I review why directly owned assets, the first investing tier in the Hierarchy of Wealth, is vital to our long-term success and we discuss how each of us got started and why. Next episode we discuss teaching the next generation, growing a legacy and answer some listener questions. Episode Highlights The importance of understanding where and how investments are growing wealth and the risks involved Aaron shares his personal experience with...info_outline Use Good Debt to Grow Lasting Wealth
I answer a listener's question on why I like debt so much, and use it as an opportunity to review the multiple dimensions of growing wealth through rental property ownership. Episode Highlights Puerto Rico trip and consideration of potential tax benefits for moving there Potential tax law changes in the US and implications on investments Upcoming event by Dave Zook on recession-resistant asset classes, car washes, and self-storage Exploring the concept of depreciation in real estate investing Putting a loan on the property increases returns and leveraging it to your advantage Comparing...info_outline Savings and Investing when there is a Storm on the Horizon
This is a follow on to the conversation last year of building a war chest. What is savings, what role does it play and why is it important in uncertain times. You financial future, health and relationships depend on understanding the different roles of savings and investments - come listen in! Episode Highlights The concept of investing versus savings The excitement of investment and the importance of liquidity The struggle of maintaining reserves and the experience of older investors The Hierarchy of Wealth discussed in Patrick Donahoe's book The impact of economic challenges on...info_outline Build a War Chest and Don't Eat the Cash Flow
In uncertain economic times, your best financial asset is cash and cash flow. Building a war chest is preparing for the winter that will eventually come and related is a mistake that so many make of expecting their rental properties to immediately fund their lifestyle. It is a longer game than that, listen in to find out why! Episode Highlights Importance of building a financial war chest due to uncertain economic times Possibility of a recession and the impact of stopping the velocity of money Predictions for the future: US currency default, digital currency, green energy shift and electric...info_outline Agency and Stewardship with Andrew Stanton
Gary shares his journey from a humble upbringing to financial success through real estate and infinite banking. He highlights the importance of maintaining personal financial control and stewardship to achieve stability and fulfillment in life. Whole life insurance policies are recommended as a secure foundation to store money, coupled with real estate investments and the infinite banking concept. Wealth strategist Gary Pinkerton assists clients in establishing their financial foundation, exploring tax-efficient investments, and maintaining a lifelong relationship to support their financial...info_outline The Fascinating Goldback Bills with Founder Jeremy Cordon
Gary interviews Jeremy Cordon, founder and president of Goldback, a company producing gold-backed bills for small transactions. Made through vacuum deposition, Goldbacks are available in New Hampshire, Wyoming, Nevada, and Utah and are accepted by 500-1,000 businesses. Over a million people own Goldbacks and the company plans to scale up production to meet the demand for inflation-proof currency. Gary appreciates the educational value of Goldbacks as they enable more people to own gold and promote sound money principles. Don't miss this amazing discussion check out the gorgeous bills at...info_outline Rental Properties in Uncertain Times - Respond, Don't React!
Gary discusses his experience at Think Realty in Houston and shares insights about Risk versus Reward in real estate. He emphasizes the importance of liquidity, having a clear exit strategy, and being responsive to market changes. Also, he suggests investors hold more capital, be cautious of locations with out-migration, and invest in affordable properties with potential for vacation rentals. He also highlights the value of long-term fixed-rate financing and recommends attending the Aspire Conference for wealth-building advice and networking opportunities. Episode Highlights The difference...info_outline Banks and Economic Failures - Take a Breath!
Gary addresses concerns about the banking crisis and assures listeners that losing reserve currency in America will not happen immediately. He highlights the role of America's ability to manipulate other economies in why it would take a long time. Gary also stresses the importance of preserving freedom in the country to prevent socialism from taking root. He suggests that the government may resort to printing more money and explains the significance of insurance companies in safeguarding personal finances. Additionally, Gary advises listeners to store their family's wealth in companies...info_outline
In this episode, I use the great Benjamin Franklin quote to discuss how to raise entrepreneurial children, save on taxes, and create value-driven companies.
For a backdrop, I give some takeaways from Charles Koch's book, Good Profit, where he shares the success secrets of their family of companies.
- Exploring the tax strategies for business owners
- Letting your children to work for your business
- Exploring the benefits of teaching children about business and entrepreneurship
- Paying children for self-employment tax savings
- Tax strategies for starting a business and paying family members
- Charles Koch’s book, Good Profit, and the American Dream Story
- Charles Koch’s market-based management principles
- The power of character: How to achieve good profit through values
- Two things that can go wrong when you have a stated vision and you don’t treat it correctly
- Key principles for successful leadership
- 10 keys to successful business management
Links and Resources from this Episode
- Connect with Gary Pinkerton
- [email protected]
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