Are you tired of feeling trapped in the rat race, constantly chasing more money without ever achieving true financial freedom?
In this episode of Wealthy Wellthy, Krisstina Wise sits down with Dave Wolcott, author of "The Holistic Wealth Strategy" and expert in creating legacy wealth. Dave shares his journey from corporate America to becoming a successful investor and entrepreneur, driven by the desire to provide financial security for his growing family.
The main focus of the conversation is on shifting from traditional financial advice to a more holistic approach to wealth creation. Dave and Krisstina discuss the importance of understanding how the top 1% build their wealth and why conventional financial planning often falls short.
Throughout the episode, they explore topics such as the power of mindset in wealth creation, the importance of financial IQ, and practical strategies for repositioning assets and building passive income. Dave also shares his five-phase framework for creating holistic wealth and offers insights into overcoming common financial obstacles.
If you're ready to break free from financial stress and learn how to build lasting wealth, this episode is a must-listen. Tune in to discover actionable steps you can take today to transform your financial future and create the life you truly desire.
Key Takeaways
5:33 Financial challenges of suddenly having triplets
13:18 Comparing traditional retirement to alternative investments
24:10 Creating infrastructure around wealth management
35:31 The three-dimensional return profile of investments
45:41 Breaking down wealth-building into manageable steps
51:52 Money is simpler than medicine and the human body
1:00:34 Taking a financial IQ quiz for self-assessment
Memorable Quotes
"I absolutely knew that the top 1% were not building their wealth as retail investors in the stock market. This launched me on this obsessive journey to figure out how the top 1% are actually building their wealth."
"According to almost 90% of advisors, you're better off just using conventional financial planning. But in reality, you're much better off using alternative investments."
"We want to create portfolio of tangible assets that are non-correlated to the stock market and have a three-dimensional return profile - sufficient passive income, forced appreciation, and tax benefits."
Resources Mentioned
Cash Flow Quadrant by Robert Kiyosaki - https://www.amazon.com/Rich-Dads-CASHFLOW-Quadrant-Financial/dp/1612680054
Rich Dad Poor Dad by Robert Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
The Holistic Wealth Strategy by Dave Wolcott - https://www.amazon.com/Holistic-Wealth-Strategy-Roadmap-Financial/dp/B089CS58F1
Connect with Dave
Website - https://pantheoninvest.com/
LinkedIn - https://www.linkedin.com/in/dave-wolcott-863306/
Facebook - https://www.facebook.com/PantheonInvest/
Instagram -
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