Do you have a wealth plan or a financial plan? Find out why Todd Tresidder of FinancialMentor.com says you must build a wealth plan that involves your skill set and expertise.
Todd Tresidder graduated from the University of California at Davis with a B.A. in economics and a passion for creating successful businesses. A serial entrepreneur since childhood, Todd went on to build his own wealth as a hedge fund investment manager before “retiring” at 35 to teach others. Today, he provides advanced investment and retirement planning education at FinancialMentor.Com showing you what works, what doesn’t, and why based on a depth of proven experience.
I’m into flow arts – spin poi, juggle, slackline, want to take up unicycle.
Think Like A Journalist Quote
An investment in knowledge pays the best interest. –Benjamin Franklin
Success Quote or Tip
Ignorance is a bad thing to have in investing.
Todd had a hedge fund company that he eventually sold it. Then he started investing in real estate and sold ahead of the housing mess. Now, he works on an Internet-based financial education company. In all of this, find out what his breakthrough moment was.
When It Didn’t Work
Todd started Financial Mentor as a boutique coaching business. He realized there were some limitations to the business. Find out what he did to change his business model.
Here’s What We Cover In This Episode: Why You Need A “Wealth Plan”, Not a Financial Plan
- The problems/limitations inherent in a traditional financial plan.
- The only situation where a traditional financial plan will actually work.
- How mathematical expectancy (sounds complicated, but is actually simple) determines your strategy.
- How the advanced planning framework is completely different from traditional planning.
- How to make your plan actionable so you know exactly what to do every day so you actually reach your goal.
- Wealth plan is about how you design your life and your personal wealth.
- Financial plan limited to stocks, bonds,
- The three assets: real estate, business, entrepreneurship.
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Mentioned In This Episode
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