Our guest is Curtis May, wealth advisor and the owner of Practical Wealth Advisors LLC. Today, we continue the financial advice from last week and dig into personal finance. We talk about how to build smart financial foundations, the 5 pieces of a good financial plan, and the rules of successful investing.
Join us and elevate your personal finances!
Learn more about Curtis May and his journey at reiclarity.com!
“The financial plan precedes the business plan or the investment plan.”
Curtis was always entrepreneurial. After reading Rich Dad, Poor Dad, he got very interested in finance and became a wealth advisor about 10 years ago.
Curtis is helping people understand the difference between the accumulation of money and the velocity of money. According to him, many people accumulate funds through 401(k)s, IRAs, or mutual funds that only make a little return on investment. The risks are that there are too many moving parts, like a fluctuating market, government regulations, taxes, and depreciation. Curtis’s advice is to invest in real estate and create velocity.
“You can't get homeowners insurance if your house is on fire, right? You can't set up a corporation trying to move your stuff around. You have to do it while you don't have anything going on.”
Curtis shares the 5 principles of personal finance to create velocity and eventually financial freedom.
You can grow all these different areas at the same time. One strategy that Curtis is teaching is infinite banking.
“Banking principles drive strategy and strategy drives tactics.”
Curtis talks about the 3 rules of investing.
Mentioned in the show:
Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.
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Until the next time, We truly appreciate you listening.
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