Amplified Impact w/ Anthony Vicino 3 Ways The Rich Protect Their Money So They Never Go Broke | Ep. 880
May 25, 2025
Discover the secrets to safeguarding wealth with insights on protecting personal and business assets. Learn practical strategies that entrepreneurs use to create a financial fortress. Personal stories add depth, illustrating the importance of strategic planning in avoiding setbacks. This conversation dives into how the rich navigate financial challenges and maintain stability.
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Dad's Surprising Bankruptcy Warning
- Anthony Vicino shares his father's early tough but revealing advice about bankruptcy.
- This advice prepared him mentally to take precautionary asset protection measures early in his entrepreneurial journey.
Use Trusts and Holding Companies
- Set up asset protection using trusts, operating companies, and holding companies with clear control but blurred ownership.
- Avoid owning entities directly; let trusts own them, and be beneficiaries to protect assets from claims.
Separate Real Estate Into LLCs
- Separate real estate holdings into individual LLCs to isolate liability and prevent cascading financial risks.
- Each property should be protected independently to avoid one failure affecting other assets.