Want to Continuously Improve? Keep Score!
Gary's Gulch
Good teams get it right about half the time. Great teams work hard, build skill, and get it right most of the time. Exceptional teams excel because they critically review even their best performances to see what wasn't perfect that they could learn from and do better on the next time. It is a process that some call Plan-Do-Review and it was essential to high performance in the nuclear submarine force and for every team I've been on since. Highlights Networking with clients in person. Aspire for More Mastermind Group. Introduction to captive insurance. Switch to exclusively using Delta...
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Busting Financial Myths
Gary's Gulch
In this episode I tackle some common 'partial truths' that I hear from financial pundits and as concerns from clients who have encountered them and been sucked into their surface level statement. Context is huge, and understanding if these financial myths have any truth or apply at all to your situation is key to long term success. Please provide feedback if this episode was valuable or if you disagree - Highlights Lies vs. myths in finance. Misleading financial taglines. Whole life insurance expense debate. Liquidity during crises. Universal life insurance misconceptions....
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Finding Purpose and Growing your Ideal Tribe
Gary's Gulch
In this episode I replay a conversation I had for an upcoming Purpose and Cause book I'm writing with other graduate members of Tammi Brannan's Blueprint Process community. We discuss my unique purpose to help business owners, real estate investors and legacy-minded families grow their agency and freedoms. We also discuss a bit of my journey with God and how it has helped me gain focus and specificity on what I do, with whom I do it, and why. Highlights Never finish, always grow Importance of purpose Transformation through self-awareness Freedom through spiritual connection Letting...
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Life Lessons - Part 1
Gary's Gulch
I've been asked for years to do a podcast on Lessons from my unusual life's journey - Farmer, US Naval Academy, Nuclear Submarine Command, Joint Chiefs at the Pentagon, Real Estate and Financial Services. I'm also collecting materials over time to do a book, and this is the result - multi-part Life Lessons presentation across many podcast episodes with a current events flavor. Today we go over working hard at a young age and listening to divine guidance. Let me know what you think! Highlights Efficient Social Media Management. Launching a Pool Service Business. Teaching Sons Business...
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10 Commandments of Investing - Feedback from Jason Hartman's Empowered Investor Live event
Gary's Gulch
I provide quick takeaways from a fantastic real estate investing event I've attended for many years - Jason Hartman's Empowered Investor Live, and replay a classic training he did for the event many years ago, the 10 Commandments of investing that are as relevant today as they were 12 years ago. Highlights Powerful client relationships and building lasting connections. Revisiting insightful Meet the Masters event of 2012. Ten Commandments of Real Estate Investing. Cultivating and maintaining financial guidance leadership. Be your own best advisor in real estate. Importance of direct...
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Life Phases Part 3 - Legacy
Gary's Gulch
In this last part of our 3-part series on financial life we talk Legacy. I explain how legacy differs from generational financial wealth and how to sustain it long after you are gone. Some of it is about legal structures, but most is about setting the mindset and environment to perpetuate that mindset. Come listen in! Highlights Confidence in U.S. military leadership. Criticism of war profiteering. Establishing a lasting legacy. Rockefeller Trust and its purpose. Structure and adaptability of trusts. Importance of leaving a positive impact. Shared personal experiences for legacy. Hosting...
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Life Stages Part 2 - Income
Gary's Gulch
I provide a brief sneak preview of my trip report from visiting MidSouth home buyers in Memphis, TN, and Little Rock, AR. Then I discuss part 2 in our current 3-part focus series, the financial stages of life = Income. Highlights Arkansas: Landlord-friendly laws. Memphis rehabs and new construction. Income phase discussion. Transition to income phase. Trading assets for cash flow. Annuities and financial planning. Reverse mortgage benefits. Turning assets into cash flow. Importance of integrity in investments. Links and Resources from this Episode Connect with Gary Pinkerton ...
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Finances Phase One - Growth of the Assets
Gary's Gulch
In this first of the three-part series on financial phases of life in the 21st century, we focus on growing the assets - How, When and in What order. I also give a trip report from Miami and Vegas and a prelude to the many events I have coming across the US this year. I'd love to connect with you in person for masterminding, drinks or dinner and fellowship. Highlights Phases of adult financial life: growth, income, legacy. Longevity of growth phase compared to animal behavior. Concept of legacy beyond wealth. Importance of remaining in growth phase for mental health. Mindset of abundance and...
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Family Banking with Wade Reed - Part 2
Gary's Gulch
I start off with feedback on listener questions and comments and then dive into part two of my conversation with Wade Reed on his podcast Wealth Acceleration. We dig into the benefits of Paradigm Life's approach to Wealth Strategy that sets itself apart by occurring through a lens of Certainty, not chance. Highlights Age and life insurance feasibility. Whole life vs. term insurance. High premiums for older age explained. Misleading average annual returns. Real-life example illustrating return math. Whole life insurance as a stable asset. Balancing risk and control in personal finance....
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Navigating Financial Uncertainty with Wade Reed in Family Bank Part 1
Gary's Gulch
In this two part episode, I'm a guest on my friend and colleague Wade Reed's Wealth Acceleration podcast. We discuss how I got to this industry as a 30 year military veteran and someone with no financial expertise beginning from a scarce childhood in farming. It is a great conversation filled with lessons that hopefully will help you on your journey to Agency. Highlights Electric vs. Gas-powered car debate. Introduction to Wealth Acceleration Podcast. Gary’s military background and financial turning points. Impact of early financial struggles on mindset. Commanding a submarine and financial...
info_outlineHappy Thanksgiving!
Do you believe that in order to take advantage of the best opportunities, planning your tax ahead is a must?
In today’s episode, Gary Pinkerton welcomes Dave Zook to talk about his background in taxes and how it has helped him understand how to best help his clients. He explains that it is important to know who you are working with and to make sure that your interests are aligned.
Together, they discuss why you need to know the mindset and focus of the fund sponsor when investing in Tier 3 syndications. They also speak about the basics of the tax treatment of different investments and what Dave's investors are focusing on to close out 2022.
Highlights
- What Gary is up to
- The different types of income and how they can be offset
- Importance of aligning your priorities with your syndicate
- Working with a tax professional in 2022
- How Dave and Gary met
- The power of leverage in business and investing
- Starting his first syndication for real estate investors
- Making passive investments in building wealth
- Benefits of advanced tax planning
- Different types of syndication tools for tax efficiency
- Incentives for investing in the energy sector
- Types of real estate investments
Links and Resources from this Episode - Connect with Gary Pinkerton
- https://www.paradigmlife.net/
- [email protected]
- https://garypinkerton.com/
- Connect with Dave Zook
- https://www.therealassetinvestor.com/about
- https://www.linkedin.com/in/dave-zook-63765a15
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