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July 25, 2025 45 mins

Overview:

In this powerful and heartfelt episode of the Generations of Wealth Podcast, host Derek Dombeck sits down with Camille Scott-Wiles, a former ICU nurse who turned financial strategist, author, and educator. Camille shares her deeply personal journey through family tragedy, frontline healthcare, and financial uncertainty—leading her to early retirement at 42 by leveraging precious metals, IULs, and advanced wealth strategies.

Her unique take on life insurance as a wealth-building tool, along with her insights on precious metals, mindset, legacy planning, and financial literacy for kids, makes this episode a must-listen for anyone serious about protecting and growing their wealth.

🔑 Key Takeaways:

  • Why Camille left a 13-year nursing career to pursue financial services.

  • How losing both parents 19 hours apart changed her life and fueled her purpose.

  • The power of IULs (Indexed Universal Life) in tax-free wealth-building and legacy planning.

  • Why precious metals like gold and silver are foundational assets for stability.

  • Strategies to avoid third-party risk, including trusts, private holdings, and non-taxable borrowing.

  • How Camille educates families, business owners, and even children with her 12 published books.

  • Why she believes community and adaptation are essential in today’s changing economy.

🎧 Why You Should Listen:

This episode offers a fresh and inspiring take on what it truly means to build generational wealth—not just financially, but emotionally and purposefully. If you're a real estate investor, business owner, retiree, or someone exploring alternative wealth vehicles, Camille’s story and strategies can help you think bigger and protect your future with purpose.

📌 Relevant Topics Discussed:

  • IULs & IRS Code 7702-A

  • Precious Metals Investing (Gold, Silver, Platinum)

  • Financial Independence Number (FIT)

  • Trust & Estate Planning

  • Retirement without 401Ks

  • Financial Literacy for Kids

  • Economic Trends, Inflation, and Cryptocurrency

  • AI, Grant Writing, and Business Structuring for Entrepreneurs

⏱️ Timestamps

00:00 – Derek introduces Camille Scott-Wiles  
02:10 – Camille’s background: from real estate to nursing  
06:00 – Losing both parents to cancer 19 hours apart  
08:40 – Transitioning from ICU to financial services  
11:00 – Camille’s foundation: Precious Metals & Gold  
14:00 – IULs explained – privacy, power, and protection  
18:00 – Why infini

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