The Wealth Elevator: Penthouse and Beyond #05
The Wealth Elevator
English - December 11, 2023 15:40 - 16 minutes - 15.1 MB - ★★★★★ - 289 ratingsInvesting Business Careers investing real estate financial freedom engineering apartments syndications rentals tax cashflow passive investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this podcast, we dive deeper into the wealth elevator concept, discussing how you can build your wealth through astute property investments. After launching our podcast in 2016 from the first floor of the wealth elevator (small rental properties), we discuss the journey to becoming a passive investor, advancing through the floors and entering the penthouse level. We tackle the 'end game' - becoming financially free with enough passive income to comfortably cover monthly expenses (between $10k-$25k). For some, reaching this level entails re-examining the traditional ways of investing and making informed shifts towards alternative investments. Join us as we explore this multi-faceted journey, offering insights from our supportive ecosystem of first-generation millionaires, strategies on achieving the 'end game', and the satisfaction of knowing you've successfully set up multiple financial generations behind you.
00:00 Introduction to the Wealth Elevator Podcast
00:18 Journey from the First Floor to the Penthouse Level
00:46 Defining the End Game in Wealth Building
01:14 The Importance of Passive Income
02:13 Transitioning to Traditional Investments at the Penthouse Level
02:42 The Journey of First-Generation Millionaires
02:59 The Role of Alternative Investments in Wealth Accumulation
04:38 The Impact of Wealth on Family and Legacy Planning
05:26 The Role of Education in Wealth Preservation
05:52 Investing in Non-Correlated Assets at the Penthouse Level
07:17 The Transition to Traditional Investments at Higher Net Worth Levels
09:08 The Importance of Community in Wealth Building
09:44 The Role of Happiness and Giving Back in Wealth Management
09:53 The Importance of Financial Freedom and Education
11:13 The Journey Beyond the Eight-Figure Threshold
12:33 The Role of Traditional Investments in Wealth Preservation
14:46 The Journey to Financial Freedom and Enjoying Life
15:17 The Importance of an Abundance Mindset in Wealth Management
16:10 Conclusion and Invitation to Join the Wealth Elevator Journey
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