@sweatystartup The grind gave you the skills to steward what you have. If you want them to steward similarly then they need a version of the grind and intentionally education from you to fill in the gaps. Provide a safety net, not a hammock. Also, do not tolerate entitled behavior.
When you really listen to what Brandon Graham is saying you will hear the importance of building up those around you, building community, and pouring into other people's lives. He's a true role model!
@CBarrett_CPA They have to use AFR guidlines for interest or account for a gift. Same with valuation, if they don't sell for FMV they better file a 709. If dad is trying to give him a good deal he should gift some and sell some. Either way it needs to be documented/filed correctly.
- Almost all members currently use life insurance for multiple purposes, asset protection, accumulation, and estate tax liquidity.
-And legacy? It’s not only about passing down wealth; it’s about instilling values that outlast it. Grateful for the insights and connections.
I just attended a Mastermind retreat in Sarasota, FL, surrounded by high-net-worth individuals—private equity investors, business owners, and real estate moguls. Here’s what I learned:
-Health and wealth are inseparable—neglect one, and the other suffers.
(Thread)
-The right mindset isn’t just a buzzword; it’s the foundation for scaling your fortune.
-Cashflow matters as much as net worth, if not more—liquidity drives opportunity.
I had a recent life insurance referral come to me with an offer on the table from a reputable insurance carrier. The problem is that the offer was at Standard and it appeared he should be Preferred or Preferred Plus 1/4
3/4 They explained that they work out regularly with heavy weights and take natural supplements as part of their regiment. Vigorous exercise just prior to an exam can incorrectly skew the results. We ordered a new exam and the client abstained from working out that morning