Episode 33: Part 1 of our 5-Part Series, "Your Optimal Financial World:" How to Build Strong Relationships so Everyone Wins
Are you doing everything you can to create Your Optimal Financial World? In the first of a 5-part series, Host Vince Annable and his special guest, Russ Alan Prince, share some ideas from Mr. Prince's new book, Everyone Wins!, that may help you build the success and financial well-being you’re striving to achieve.
As you may know, Vince Annable is the CEO of Wealth Strategies Advisory Group and Creator and CEO of The Household Endowment Model®. For his part, Russ Alan Prince is a consultant to the Super Rich, family offices, and select fast-tracking entrepreneurs, in addition to being the author or co-author of over 60 books including the latest release, Everyone Wins! How You Can Enhance and Optimize Business Relationships Just Like Ultra-Wealthy Entrepreneurs.
On this episode of Your Money Manual with Vince Annable, you'll learn:
1, How the lessons wealthy business owners can teach us about building relationships can apply to you even if you're not an entrepreneur, a CEO, or a high-powered sales executive. (TImestamp 02:33)
2. What it means to optimize a relationship, and what we should be doing that we're not already doing to help us create winning relationships for ourselves and the people we deal with. (Timestamp 03:28)
3. What it means for you to truly win as it is characterized in this book. (Timestamp 04:20)
4. Some of the specific questions you need answers to in order to build bigger, better, stronger relationships. (Timestamp 05:26)
5. After you've completed your discovery process, how you can continue to solidify your relationships over time to make them even stronger. (Timestamp 07:30)
6. How to deal with challenging or even difficult people when it seems that a situation where everyone wins may be in jeopardy. (Timestamp 08:50)
Coming up on our next visit with Russ Alan Prince, you'll learn about an elite level of wealth planning and management available through the Virtual Family Office. The Virtual Family Office is based on the concept of single-family offices. However, unlike the family offices of the old days, Virtual Family Offices are available to more individuals and families who may be considered "merely affluent." If you’d like to prepare for our next episode with Russ Alan Prince, and learn about Virtual Family Offices (or VFO’s) ahead of time, please go to our Virtual Family Office website, VFOAG.com, where you can get access to our free white paper and the book by Russ Alan Prince and John Bowen—both titled, “Your Optimal Financial World.” Again, that’s VFOAG.com. And if you have any questions about what we do and how we can help you build Your Own Optimal Financial World, call us to arrange an easy-going no-obligation consultation at Wealth Strategies Advisory Group--888-635-9724.
Unlike the "retirement homes" of old, baby-boomers today have more choices than our grandparents did when it comes to deciding on a desirable residence they can live out--and enjoy--the rest of their lives. Today's senior housing developments offer residents resort-like amenities. Moreover, they offer investors with a unique opportunity for portfolio diversification in a real estate sector that is exploding nationwide. To fill you in with the details that matter, Vince Annable speaks with senior housing development expert, Robert Bourne, Founder and CEO of Bourne Financial Group.
After a tremendous amount of planning, research, some late nights, and thousands of cups of espresso, Vince's book, The Household Endowment Model--Wealth Planning for Affluent Families, has been released to a fair amount of acclaim, becoming a Best Seller on Amazon in its first 2 weeks. On this edition of YMM, Vince gives you a preview of the book by discussing a few of its focal points, while emphasizing its practical application for wealthy investors who wish to optimize their wealth management pursuits.
Most of us have dreamt at one time or another (likely when we were younger!) about having such a well-rewarded life that we had staff to look after our every need. In reality, those wealthy individuals among us with net worths in the hundreds of millions of dollars are able to afford a team--or family office--to manage all of their financial affairs. The question is, why are the benefits of a family office not available to other affluent investors who may not fall into the "super rich" category? Believe it or not, they are. On this edition of "Your Money Manual," Vince talks about why a virtual family office may be right for you.
In many regions throughout the United States, developers are working on projects to revitalize underserved and low-income communities, and in the process, creating jobs and economic growth through increased income and tax revenues. Many of these projects are in what the federal government calls Qualified Opportunity Zones, which may present qualified investors with important tax advantages for their asset protection strategies. To discuss the details of Qualified Opportunity Zones, how they work and who can benefit, Vince Annable again welcomes Matt Leiter, Sr. Vice President Equity Markets at GK Development.
After decades of reliance on the Middle East and other foreign suppliers to meet our nation’s tremendous appetite for gas and oil, the U.S. has quickly emerged as one of the world’s top producers of these commodities bringing the country closer to the goal of complete energy independence. Private energy companies are stepping up to play a large role in this resurgence, and that’s creating opportunities for investors to play their own important part in shaping America’s energy future, particularly where natural gas is concerned. On this edition of Your Money Manual, Vince Annable welcomes Michael Knapp, President of MDS Energy Development, to talk about the growth of America’s natural gas industry and the key drivers of investment that could help to power its growth and sustainability well into the future.
You may have a very carefully-crafted estate plan that includes a well-detailed trust, but that same trust may include inconsistent language that may make it difficult to properly transfer your assets to your heirs according to your wishes when you’re gone. On this edition of “Your Money Manual,” host Vince Annable welcomes estate planning attorney, J. Alan Soelberg who’ll discuss the problem of improper titling of assets along with other common issues and what you can do to correct them before it’s too late.
In our follow-up discussion to our recent chat with Arthur Levine, we dig deeper to find out why private equity and private debt are two of the most significant components of the U.S. economy. We also discuss the reason why private equity provides investors with significant opportunities to diversify their portfolios which is particularly important during late market cycles. Dana Goldstein, Levine Leichtman Capital Partners’ Managing Director of Client Relations joins Vince Annable to address the key takeaways from this subject. Both Vince and Dana will also preview an important wealth planning event coming up Scottsdale.
Episode 25: Private Equity's Role in The Household Endowment Model® and What Makes One PE Firm Different From Many Others
You may have read or heard us talk about how private equity is becoming more attractive to high net worth investors looking to protect their portfolios against risk in public markets. Today we'll revisit the topic of private equity's role in The Household Endowment Model®. Also, our guest will help us to understand how not all private equity firms are alike. Vince welcomes innovative PE veteran, Arthur Levine, Co-founder of Levine Leichtman Capital Partners to discuss how his firm approaches investing and how it manages to set itself apart in the ever-growing private equity industry.
Episode 24: Intrinsic Value and Replacement Cost: What You Don’t Know May Negatively Impact Your Investment Decisions
Have you or someone you know ever attempted to sell an asset, and it wasn’t worth what you thought—or hoped—it was, so you put off the sale, but the asset continued to decline in value? Did you get angry and eventually sell the asset at a loss, or did you hold on to the asset with the idea that its value would eventually increase again, but instead continued to decline? On this edition of Your Money Manual, Vince Annable welcomes Robert Ambrosi, Chairman and CEO of ARCTRUST to talk about why investors often hesitate to sell their investments. He’ll help us all to understand the important concept of intrinsic value as well as some guidelines that his firm uses to help determine the possible future value of an asset prior to making important investment decisions. In addition, Vince and Mr. Ambrosi will shed some important light on another key concept—replacement cost—and why it should be an important consideration for investors when considering a real estate purchase.
About the show
"Your Money Manual with Vince Annable" is a program developed to share information about concepts and strategies used by high net worth individuals to preserve, protect and grow their assets through all market cycles. Vince Annable--the host--is the creator of The Household Endowment Model® and CEO of Wealth Strategies Advisory Group. Give us about 15 minutes--we truly hope you learn something! After all, as we like to say, "When it comes to investing, your money doesn't come with instructions."