What The Tiger 21 Group Tells Us About Building Wealth
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In this episode, Tom dives into the current economic uncertainties and shares insights on how the wealthy manage and grow their wealth in volatile times. Drawing lessons from the Tiger 21 group, he explores the importance of private equity, real estate, and taking control of your investments. He also emphasizes the value of personal development, skill building, and networking. Whether you're a business owner or working a 9-to-5, this episode offers actionable advice on how to assess your financial strategy, find new opportunities, and make informed decisions for long-term wealth growth.
Highlights 00:33 - Market uncertainty and current financial climate 02:10 - The typical mainstream financial advice 04:15 - Introduction to Tiger 21 Group 05:26 - Tiger 21’s “Hot Seat” practice for wealth strategy review 06:33 - Emphasis on philanthropy in Tiger 21 07:45 - Tiger 21 Group’s investment allocation report 08:50 - Comparison between average American investments and Tiger 21 allocation 09:45 - Details on Tigere 21’s private equity and real estate investments 10:53 - Importance of diversification in wealth strategies 12:12 - The hierarchy of wealth and its foundation 14:03 - Role of whole life insurance in wealth strategy 17:20 - Investment in things you can control 18:49 - Value of public equities from a Tiger 21 perspective 20:38 - Importance of personal development and direct ownership 22:10 - Risk mitigation through strategic ownership and control 23:53 - Remaining adaptable in the face of fiscal policy changes 25:30 - Importance of cash reserves and liquidity 27:00 - Opportunities in real estate during economic cycles 29:10 - Networking and learning from others 30:45 - Example of humility and open-mindedness from Tiger 21
Episode Resources
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