BetterWealth with Caleb Guilliams
"We Made $190,000 and don't know what to do with it" | BetterWealth Q&A
Oct 11, 2023
Topics covered in this podcast include the advantages of a HELOC, determining the best source of capital, the differences between a HELOC and infinite banking, using cash from selling a home for a new home or Airbnb investment, setting up trust and life insurance in Europe, and a call to action for listener engagement.
52:15
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Quick takeaways
- The first step in creating a wealth management framework is to gain clarity on your financial goals and current situation.
- Optimize your savings by ensuring your assets are aligned with your goals and values.
Deep dives
Clarity and Cash Flow
The first step in creating a wealth management framework is to gain clarity on your financial goals and current situation. This includes understanding your values, resources, and desired outcomes. The next step is to assess your cash flow, both income and expenses, to determine your financial capacity. Look for opportunities to optimize spending and reduce inefficiencies. Additionally, evaluate your saving and investment strategy to ensure it aligns with your goals and risk tolerance.
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