Why Staying Rich Is Harder Than Getting Rich

The Affluent Entrepreneur Show

Indhold leveret af Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

6d ago 33:00

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Are you ready to uncover the secrets to not just getting rich, but staying rich? The journey doesn't end at accumulation; it extends into protection and preservation!

In today’s episode, I dive into the often-overlooked challenges of maintaining wealth after achieving financial success. I emphasize the importance of protecting your fortune against bad investments, lawsuits, losses, and even thievery. It’s not just about picking the right investments; it’s about strategic wealth management, tax optimization, and meticulous succession planning.

We explore how to minimize taxes when selling assets, drawing from retirement accounts, and ensuring a smooth wealth transfer that avoids family conflicts. We also highlight the importance of philanthropy, staying active in giving and charitable causes even in retirement, and finding joy along your financial journey.

Are you prepared to build both your earnings machine and your money machine to ensure lasting wealth? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

-Asset protection strategies to safeguard your wealth

-The crucial role of advisors beyond investment picking

-Effective tax optimization techniques

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Investment Taxes…What You Need to Know: https://www.youtube.com/watch?v=8I2VnoVMlUo
Doing Nothing with Your Money Isn't An Option!: https://youtu.be/vlM4dVTh15Q
Q&A Why Taking a 401K Loan Can Destroy Your Wealth: https://youtu.be/fuasu0zN3to
Getting Your Partner on the Same Money Page: https://youtu.be/BaAW-JswkXQ

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The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.

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TAKE THE FINANCIAL FREEDOM QUIZ:

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Kapitler

1. Entrepreneur show for high-level financial success. (00:00:00)

2. Build lasting wealth, pass on and give back. (00:05:13)

3. Understand and educate yourself for financial success. (00:09:31)

4. Build wealth by saving and investing wisely. (00:11:43)

5. Understanding mindset, duplicating results, network, elevating education. (00:17:41)

6. Regular portfolio rebalancing based on current needs. Wealth management. (00:21:03)

7. Maximize wealth growth, manage for future needs. (00:22:38)

8. Wealth succession planning: communication and understanding essential. (00:26:13)

9. Enjoy the journey, build wealth joyfully. (00:30:16)

10. "Book on building a wealthy morning routine." (00:32:03)

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