484. Strategies for Building and Protecting Generational Wealth with Whitney Elkins-Hutten

How can you ensure that your wealth not only grows but also lasts for generations to come?

 

In this enlightening episode, Whitney Elkins-Hutten, the director of investor education at passiveinvesting.com and founder of Ash Wealth, shares valuable insights from her new book, "Money for Tomorrow: How to Build and Protect Generational Wealth." Whitney discusses the importance of not only creating and growing wealth but also keeping it and passing it on to future generations. She delves into the common mistakes people make that lead to significant financial losses and offers practical strategies to safeguard and multiply wealth. Additionally, Whitney explores the potential of express car washes and preferred equity investments in today's market.

 

Whitney Elkins-Hutten is the Director of Investor Education at PassiveInvesting.com, Founder of AshWealth.com, author of Money for Tomorrow: How to Build and Protect Generational Wealth published with BiggerPockets, co-author of the international #1 bestseller Resilient Women in Life and Business, host of the Passive Investing Made Simple YouTube show and podcasts, and a partner in $800MM+ in real estate — including over 6500+ residential units, 15 express car washes, and more than 2200+ self-storage units across 11 states—and experience flipping over $5MM in residential real estate.

 

 

(00:00:00 - 00:09:59) Unlocking the Secrets to Generational Wealth

- Learn about Whitney's background and her motivation for writing "Money for Tomorrow"

- Discover the four rules you must master as an investor to win the wealth game

- Understand the importance of keeping wealth and avoiding common pitfalls

 

(00:10:00 - 00:15:59) The Seven Pillars of Wealth: A Blueprint for Success

- Explore the seven wealth pillars that help identify high-quality assets

- Learn how to grade investments based on these pillars

- Discover the ideal audience for "Money for Tomorrow" and how it can benefit both new and seasoned investors

 

(00:16:00 - 00:22:59) The Express Car Wash Revolution: A Lucrative Investment Opportunity

- Uncover the potential of express car washes as an emerging asset class

- Understand the key factors that make express car washes an attractive investment

- Learn about the operational optimizations and revenue models that drive profitability

 

(00:23:00 - 00:27:59) Diversifying Your Portfolio: The Power of Debt Funds

- Discover why investors are increasingly interested in debt funds in the current market

- Learn about the unique features of Whitney's debt fund and how it minimizes default risk

- Understand how debt funds can provide stable income and portfolio diversification

 

(00:28:00 - 00:33:00) Preferred Equity: Balancing Cash Flow and Growth

- Explore the benefits of preferred equity investments in today's market

- Learn how preferred equity can offer both guaranteed returns and profit participation

- Discover how Whitney's alliance fund capitalizes on opportunities in performing multifamily real estate

 

Key Quotes:

"Investors over concentrate on creating wealth and growing their wealth. Most investors lose it when they don't know how to keep it and pass it on to the next generation." - Whitney Elkins-Hutten

 

"If you don't have a plan for it, I guarantee you somebody else does." - Whitney Elkins-Hutten

 

Connect with Whitney:

 

Website: PassiveInvestingwithWhitney.com

 

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