Saving and investing money in banks is the common way of managing resources. But will this method be enough to build your wealth? Join Vince with his guest Barry Rutten as they navigate about breaking out from conventional wisdom which will only lead to conventional result. Barry shares about how one can defend and build wealth like how banks and other money-making institutions do with the money one puts in. He also narrates the relevance of education and the kind of people you need to build and defend your wealth.
Outline of the episode:
● [01:24] Barry Rutten on being a contrarian in the financial industry
● [03:05] Examples of conventional wisdom
● [08:21] Hidden dangers from getting advice from financial entertainers
● [14:24] Improving infinite banking type policies to be an avenue to wealth building
● [19:15] Financial Planner vs. transactional salesperson
● [24:33] Barry Rutten on being a conversational facilitator
● [27:16] An alternative way to financing a child’s college education
● [31:10] Avoiding financial fragmentation
● [38:37] Investing in midstream businesses
● [45:55] Barry Rutten’s advice to his twenty-five-year-old self
Resources:
● Website
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The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com