How A Lawyer Built A Billion Dollar Investment Firm | Edward Collins

Oct 23, 2024

Edward Collins, a tax, estate, and business law expert with a massive social media presence, shares his journey of transforming financial planning. He emphasizes the critical need for financial literacy, especially since schools often neglect it. Edward discusses how the wealthy navigate taxes strategically and the mindset shift necessary to achieve financial success. He offers practical tips on capital allocation, self-investment, and the importance of managing multiple businesses while understanding inflation’s impact. His ultimate advice? Prioritize investing in yourself.

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Intro

00:00 • 2min

From Struggles to Success: A Journey in Financial Freedom

01:41 • 15min

From Risk to Wealth Preservation

16:24 • 22min

Proactive Capital Allocation for Wealth Building

38:39 • 5min

Investing in Yourself for Entrepreneurial Success

43:18 • 20min

Maximizing Success Through Focused Strategy and Innovation

01:03:11 • 2min

Transforming Sales Approach: Embracing One-to-Many Strategies

01:05:17 • 4min

The Pursuit of Fulfillment Through Continuous Growth

01:08:54 • 4min

Navigating Entrepreneurial Paths

01:12:31 • 17min

Parenting Aspirations and Mentorship in the Digital Age

01:29:10 • 2min

Empowering Entrepreneurs and Financial Literacy

01:31:01 • 17min

In this episode of the Wealthy Way podcast, I sit down with Edward Collins, a lawyer specializing in tax, estate, and business law, who helps business owners outsmart the IRS and build wealth.

We kick things off with Edward’s $3 billion following, discussing the core values of wealthy individuals and his journey from focusing on risk to preservation. He shares common financial planning mistakes and emphasizes the importance of financial literacy, especially since the public school system doesn’t teach what’s needed for success. We also dive into future tax trends, strategic financial moves, cash flow assets, and how to fund investments.

Edward explains how the wealthy legally avoid taxes and why taxes often become more of a high-class problem. We explore how comfort in misery holds people back, the best times for entrepreneurs to take action, and how political leadership affects wealth. He breaks down practical tips on taking action toward your goals, navigating Instagram influencers, and the shift from old-school to new-school business tactics.

Toward the end, we talk about goal setting, managing multiple businesses, and the hidden costs of increased earnings. Edward explains inflation’s impact on the poor, the importance of understanding deflation, and why time is your most valuable asset. His biggest tip? Invest in yourself. Finally, we wrap up with info on how you can follow Edward and stay connected.

Connect with Edward:
IG: https://www.instagram.com/edwardcollins_upleveled
YouTube: @uplevelentrepreneur

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If you want to level up, text me at 725-527-7783!
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About Ryan Pineda:

Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.

Ryan has amassed over 2 million followers on social media and has generat...