Invest Like a Billionaire
156. How to Build and Protect Generational Wealth feat. Whitney Elkins-Hutten
Apr 18, 2024
Financial expert Whitney Elkins-Hutten shares insights on building generational wealth through real estate and passive investments. She discusses creating a coherent investment strategy, evaluating investments based on seven pillars of wealth, building a financial moat for wealth protection, and transitioning to a multi-generational wealth plan with a focus on educating heirs.
48:12
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Quick takeaways
- Focus on clear investing goals and network with experts for success.
- Establish a strong financial foundation to protect wealth against risks.
Deep dives
Understanding the Mindset of the Ultra Wealthy
The ultra wealthy individuals approach investing with a clear mindset, focusing on their goals, understanding their wants and why they are investing. They emphasize the importance of having the right experts in their network, scaling their connections, and distinguishing between wants and needs. As passive investors, they control key factors like their investment goals, risk management, and timelines. Evaluating investments includes choosing the right partners, investment locations, and deals to align with their wealth-building strategies.
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