Family Wealth Report’s Post

Executive Summary - Key Learnings from Scott Galloway on Wealth, Risk, and Personal Growth Wealth Building Strategies: ♻️ Building wealth requires leaning into one's advantages, such as flexibility and time in one's 20s, to take risks and find talents with high employment rates. ♻️ Investing early, even small amounts, can significantly grow wealth over time through compound interest. Financial Discipline: ♻️ It is crucial to control spending and have the discipline to invest money rather than spending it all. ♻️ Economic security is built through consistent habits and character traits, including diversification and avoiding going all-in on risky ventures. Transparency and Financial Literacy: ♻️ Talking about money should not be taboo; discussing salaries, mortgage rates, and financial strategies can enhance financial literacy and economic security. ♻️ Transparency about financial situations and goals is encouraged to foster a better understanding and control over personal finances. Personal Experiences and Risk-Taking: ♻️ Galloway emphasizes the importance of taking uncomfortable risks, as significant achievements often come from stepping out of one's comfort zone. ♻️ His personal story of financial ups and downs highlights the importance of diversification and managing risks wisely. Role of Luck and Environment: ♻️ Luck and environmental factors, such as being born into a supportive or advantageous situation, play a significant role in financial success. ♻️ Acknowledging these factors can provide a realistic perspective. Mentorship and Networking: ♻️ Seeking advice and building a network of mentors is crucial for personal and professional growth. However, mentorship should be approached incrementally, starting with seeking advice rather than requesting a long-term commitment. ♻️ Engaging with others, asking for advice, and forming a supportive network can open up opportunities and provide valuable insights. Mindset and Resilience: ♻️ Embracing a mindset of atheism and understanding the finite nature of life can liberate individuals from the fear of rejection and encourage them to take bold steps. ♻️ Resilience, especially in the face of rejection and failure, is essential for achieving long-term success. Education and Career Advice: ♻️ Galloway advocates for credentialing and moving to super cities to maximize career opportunities. Super cities offer more economic growth and professional opportunities. ♻️ He advises young people to focus on areas with high employment rates and to be realistic about the challenges in creative fields with high unemployment rates. Family and Relationships: ♻️ Building and maintaining strong family relationships is highlighted as a key component of long-term happiness and economic stability. ♻️ Economic security allows for deeper engagement in personal relationships, contributing to overall well-being and life satisfaction. #managementdevelopment #financeeducation #personaldevelopment

December 17 was nine years of Potts Financial Services, I created this video to thank people and to share some highlights and a couple of lowlights. Running a business has its challenges, but it is certainly rewarding, the last three years have certainly been easier than the first six. One thing to mention, I don’t think my business could be where it is today without the support of Shartru Wealth over the previous five and a half years. The support from the top down has been so helpful. Looking forward to celebrating ten years next year! #financialplanning #financialplanner #financialadvice #financialadviser #financialadvisor #business #anniversary #nineyears

If you've lost your job, or changing jobs, you may wonder what to do with your 401(k)-plan account. Check out this article to understand your options; https://bit.ly/470UCUF #retirementplanning #401k #personalfinance #financialplanning #insights #blog CRN202706-6729343

Total Family Management being included in Wealth 3.0: The Future of Family Wealth Advising is both an honor and a responsibility. We extend our heartfelt thanks to Dennis Jaffe and Kristin Keffeler, MSM, MAPP for their continued dedication in this field. A special thank you to Jim Grubman as well, for recognizing the growing importance of scalable family dynamics and governance resources, and for generously offering his time, guidance, and patience in answering my numerous questions. 🙋♂️ #Wealth3

Are you really on track to retire and experience your dreams? Most families are not on track to retire or don’t know when they CAN retire. There’s no cost to work with me, a licensed professional. I want to help you achieve your dreams! #taxadvantage #upsideofthemarket #generationalwealth #lifebenefits #cashvalue #indexedgrowth

Technical Question? Do you know how to add Millions to your retirement,from someone else? Would you rather pay Tax on your retirement withdrawals or take it Tax Free? Do you know of a Platform that will: Expand your Retirement Funds, do it Tax Free, give you access to funds if needed, let you build faster than any other account, safely and with more than you yourself could ever put in? This knowledge can change the game and your future but you have to learn it 1st! Learn more https://lnkd.in/ey7gKmbT 1:51 sec Then learn how it can work for you https://lnkd.in/e8YSvQJN

Continuing our discussion of adjustable premiums in the IUL policy: For those in their mid 30s and 40s juggling mortgages and growing families, the ability to adjust premiums can be a lifesaver. It's like having a pantry full of ingredients - you can cook up a gourmet meal when you can, or throw together a quick stir-fry when times are lean. And for the 50-somethings eyeing retirement, the option to pour extra cash into their policy can be as satisfying as a perfectly aged wine, potentially providing a more robust financial bouquet for their golden years. Remember, the key to mastering this financial recipe is balance. Too little premium over time, and your policy might spoil. Too much, and you might over-season your budget. But get it right, and you'll have a financial dish that's just right for every stage of your life's feast. Check here for more: [https://lnkd.in/g-K7Q-EG]

As we step into the New Year, we want to extend our warmest wishes to you. Your continued trust mean the world to us. We appreciate your patronage and are excited to keep serving you in the year ahead. May 2024 be filled with prosperity, growth, unparalleled success and fruitful endeavors. #realestate #realestateexpert #realestateadvice #realestatedreams #realestateinvesting #realestatesmartinvestors #realestateinvestments

In this interview at the recent #FamilyWealthReportAwards2024, our Managing Director for North America, Andy Oliver, discusses the current state of the #privateclient sector and what is on the horizon for the rest of the year 💡, and why Trident Trust is a trusted partner for North American #privateclients and #HNWfamilies. 📽 🎞 Watch the recording below 👇 #TeamTridentTrust #wealthstructuring #estateplanning #nextgen

Great morning with Simon and Jamie from High Performance Individuals, such a great business to help sports men/woman plan for there future after sport! It’s so important to get the right advice, so many horror story’s regarding bad advice from people players trust. Looking forward to working closely with these guys who are passionate about the welfare and care of players and coaches regarding there financial planning. #football #investing #property