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Business Roundtable


Business Roundtable with Matt Battaglia

The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business.

BRT 2.0 looks at the new trends in business, and how classic industries are evolving. We Profile the current Players weekly in an Interview format to give you an inside look, to learn from their own experiences.

Popular Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, & More

BRT Podcast Home Page: https://brt-show.libsyn.com/

BRT / Wealth for Life: HERE

 

More Info: https://www.economicknight.com/podcast-brt-home/

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Aug 19, 2022

Saving: How Much You Save $, Matters More than What You Invest In

- BRT S03 EP39 (138) 8-19-2022 – Wealth for Life

 

Things We Learned This Week

  • Saving - How Much, Matters More Than What You Invest In - Saving 76% vs Investments 24%
  • Earning Years - People in their 40s saving 10% / year, when they need to be saving 30% +
  • Few People (4%) will Retire Well (w/ $3 Mil of Assets) - hard to save so much $, Advice is outdated, need new Plan, Diversify like the Wealthy w/ better Assets
  • 4% Rule is Out-dated - take 4% / year in retirement to not spend all money, now the rec is 3% / year
  • Scale Wealth – Tax Control, Financial Leverage, Build Income Streams, Defensive Assets

 

 

Co-Host: Denver NowiczPresident - Wealth For Life


https://wealthforlife.net/brt/

https://twitter.com/denvernowicz 

Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

 

Notes: 

 

WFL Savings

Savings – to have a good retirement. Biggest factor is how much you can put away

Saving money over time maters more than the investment chosen, 76% savings vs. 24% RO I / Investments

Conversation w/ an Advisor is often all about the investing part / ROI the 24%

People hit their “earning years” in their 40’S, need to catch up and save more. Saving 10% when you need to, save 25-30%

You are earning $250K, to maintain lifestyle, need to save 30% to keep lifestyle

You make $250K / year, need to save $80K / year

Investing Advice is out dated

Costs more if you wait – just like

Use financing for your retirement, just like a mortgage

Mindset shift for people, you can finance your retirement income

Charts – income and age = how much to save $ / year to reach retirement income

Few people retire well. Just 4% of people will retire with $3 million/assets

Enjoy life - New strategy to adjust saving

Do you want to live the Dave Ramsey lifestyle, save for 30 years and hope you can enjoy your retirement

 

Use Leverage to catch up on savings – save a lot over 5 years and finance retirement

Catch up on saving and catch up on time

4% rule – take 4%/yr in retirement to not spend all money, based on a $1 mil 401K

Idea is you will spend down your assets, so have to be able to ride out market downturns – experts think it should be revised down to 3% Rule

Assumed only place is stock market

Wealthy diversify – 20% in stock market, rest in other assets, real estate, business, private equity – many of these deals are conservative, grow at 10% / year and take limited down turn hits

You want to have other assets that you can draw income from, especially if the stock market is currently down

Most financial advice just tip of the iceberg – stocks and 401K

Scale Wealth – 3 Principles

Tax Control

Financial Leverage in a safe way w/ downside protection

Build Income Streams

 

Defensive Assets – get more money for less

Protect wealth & earn 60% ( to 100%) more with leverage strategy.

Safety goes up, risk goes down

Most financial advice does not talk about these strategies

Stop following that mainstream advice that is dated

 

Move some money out of the market, less market risk

Strategy that got you to one level, probably will not get you to the next level

 

 

 

More Info on WFL and Tax Free Matching: HERE

 

 

Wealth For Life Topic: https://brt-show.libsyn.com/category/Wealth+For+Life

 

Link to Taxes Show on 10/31/2021 w/ Denver: Here

Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

Link to Shows, Denver was a Guest: Here

 

Investing Topic: https://brt-show.libsyn.com/category/investing

More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

 

 

Thanks for Listening.

Please Subscribe to the BRT Podcast. 

 

 

Business Roundtable with Matt Battaglia

The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

BRT Podcast Home Page: https://brt-show.libsyn.com/

‘Best Of’ BRT Podcast: Click Here

BRT Podcast on Google: Click Here

BRT Podcast on Spotify: Click Here                   

More Info: https://www.economicknight.com/podcast-brt-home/

KFNX Info: https://1100kfnx.com/weekend-featured-shows/

 

Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.