📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

In this podcast episode, the host discusses key aspects of retirement planning theory and financial health analysis. Key topics covered include a detailed analysis of the barbell portfolio strategy, the balance between risky and conservative investments, and personal finance management tactics. The episode features guest Marcel, who provides expert insights on creating a financial health analysis, balancing spending, and investment strategies, and ensuring long-term wealth protection. The topic also covers the importance of understanding your financial position, long-term care insurance options, and the impact of spending and lifestyle on financial health. The episode emphasizes the value of periodic financial reviews, understanding one's risk capacity, and leveraging different types of capital to meet lifetime expenses.

00:00 Introduction and Announcements

00:29 Current Real Estate Market Analysis

01:46 Guest Introduction and Financial Planning Concepts

03:00 Understanding the Barbell Portfolio

04:40 Retirement Planning and Financial Health Analysis

06:02 Case Study: Real Client Financial Balance Sheet

18:46 Long-Term Care and Insurance Strategies

27:39 Exploring Investment Risks and Opportunities

29:06 Tax Strategies and Pre-Planning Benefits

30:20 Analyzing Different Family Financial Scenarios

30:39 Understanding Different Types of Capital

31:33 Real Estate and Financial Health Assessments

35:21 Behavioral Finance and Spending Habits

44:48 Withdrawal Rates and Retirement Planning

47:57 Final Thoughts and Encouragement

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Everything I know is laid out in my book and this 12-module Masterclass, available for you to watch on-demand. To get free access go here.

Differing symbolic meanings of money in relationships, influenced by Gary Chapman and Dr. John Gottman. The episode also strongly advises new investors against high-risk 'sexy' investments like crypto, citing the value of stable and reliable investments such as rental real estate. Featured topics include the importance of cash flow, the drawbacks of following advice from figures like Elon Musk and Warren Buffett, and tips for leveraging partnerships and scaling in the real estate market. Don't miss the free remote investor e-course for additional insights.

00:00 Introduction and Relationship Insights

00:35 The Symbolism of Money in Relationships

02:23 Valentine's Day Tips and Masterclass Promo

02:54 Avoiding Sexy Investments: Focus on Real Estate

03:34 The Pitfalls of Following Celebrity Investment Advice

04:50 The Value of Real Estate Over Crypto

05:15 Strategies of Sophisticated Investors

07:15 Real Estate as a Stable Investment

07:33 Personal Investment Advice and Conclusion

Hosted on Acast. See acast.com/privacy for more information.

📚 Unlock the secrets to building wealth! My book and 12-module Masterclass cover everything I’ve learned about passive investing and creating financial freedom. Watch it on-demand for FREE: http://thewealthelevator.com/master

🤝 Join the Hui Deal Pipeline Club and get a one-on-one call with me to discuss your investment goals: https://thewealthelevator.com/club

In this episode, ex-financial planner Chris Miles joins us to uncover the hidden fees and costs of working with certified financial planners. We delve into the broader investment world, discussing the current state of real estate, private equity, and the concept of sidecar investments. Chris shares his awakening story, lessons learned from traditional financial advising, and why he transitioned to alternative investments. We also explore topics like the pitfalls of mutual funds, the real rate of return from the S&P, and the importance of diversifying beyond paper assets. Pinpointing how to act now for a financially free future, this episode offers crucial insights for anyone looking to break free from traditional investment pathways.

00:00 Introduction to Hidden Fees and Costs

00:19 Real Estate Market Trends and Challenges

02:27 Understanding Sidecar Investments

03:30 The Shift to Private Equity

05:49 Introduction to Chris Miles and Financial Planning

07:24 Chris Miles' Journey to Financial Independence

10:13 Critique of Traditional Financial Advice

13:42 The Reality of Mutual Funds and Market Returns

17:39 The Flaws in Financial Planning and Investment Strategies

29:28 A Millionaire's Journey: Luck and Strategy

30:09 The Harsh Reality of Retirement Savings

31:34 Alternative Investments: A New Perspective

32:10 The Power of Cash Flow

35:55 Diversification Beyond Paper Assets

37:14 Lessons from a Financial Advisor

37:26 The Crypto Craze and Market Timing

38:41 Real Estate: Timing and Strategy

42:54 The Importance of Diversification

50:54 The Value of Community and Mentorship

53:46 Taking Action: The Path to Financial Freedom

56:28 Final Thoughts and Personal Stories

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/TheWealthElevator

Instagram: https://www.instagram.com/TheWealthElevator

Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.

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