In this episode, host Mark Zagurski continues his exploration of the Seven Principles for Your Success with Principle #6: Conventional Advice Is Too Conventional – The Wisdom of Building Your Own Capital. After diving into career growth, saving vs. investing, and retirement planning, Mark shifts to a critical yet often overlooked aspect of personal finance: creating and safeguarding your own capital.
Building your own capital means having liquid, accessible funds tailored to your unique needs and circumstances. Listeners will learn why blindly following conventional advice can limit opportunities and why innovative strategies, like permanent life insurance, can offer tax-deferred growth, legacy protection, and guaranteed income. Drawing insights from an Ernst & Young study, this episode highlights the $240 trillion retirement savings gap and how personalized planning can address these challenges.
Key takeaways include:
• The importance of control, flexibility, and options in financial planning.
• Leveraging life insurance to protect against risks while growing your wealth.
• Why conventional advice, like over-reliance on 401(k)s, might not suit everyone.
• How asset location impacts your financial security.
Don’t settle for cookie-cutter solutions. Discover how personalized financial strategies can help you build lasting wealth while providing peace of mind. Subscribe now on your favorite platform, and download our “7 Principles” eBook through the show notes for actionable insights into financial success. At Mutual of Omaha Advisors, we help you make it personal—because it’s your money, your plan, and your future!
“The thing about personal finance is…well, it’s personal. Your plan has to be tailored to your unique situation, not a generic blueprint.” - Mark Zagurski
Connect with Mutual of Omaha Advisors through the following links:
Download the Seven Principles eBook
Facebook - Mutual of Omaha Advisors
Sign Up For a Free Financial Strategy Meeting:
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Investing involves risk, including loss of principal.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.
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