In 1993 Shawn Tully wrote an article in Fortune Magazine entitled The Real Key to Creating Wealth. The concept of Economic Value Added (EVA) which Tully described changed the way the corporate world looked at creating wealth.
While Tully’s article was directed towards the corporate world, the concept is relevant to personal finance as well.
Today on Wealth Talks, Tom and John discuss Tully’s article and how it can change your approach and success for building wealth.
If you have business partners or plan to enter a business with partners, this show is important for you. If one partner dies or needs to exit your venture, you need to be able to protect your assets and buy out the missing partner.
This show covers some general information about the different types of Buy-Sell agreements and how these agreements can be funded effectively.
If you have questions about structuring your buy-sell agreement, call Life Benefits at 702-660-7000.
10 years ago, Prescription for Wealth made its debut. This small book has stood the test of time, challenging the complex financial schemes of our day with simple truth.
Later books, Winning Your Financial Game, Retirement Curveball and Building Sustainable Wealth expound on the principles explained, in a nutshell, in Prescription for Wealth.
As simple as these principles are, they have drastically changed the financial well-being and lives of many who have put them into action.
Prescription for Wealth is available on Amazon: https://www.amazon.com/Prescription-Wealth-Why-Should-Rich/dp/0983475768/ref=sr_1_1?dchild=1&keywords=prescription+for+wealth&qid=1623703890&sr=8-1 and on the Life Benefits Store: https://www.life-benefits.com/store/
Order before Wednesday June 16, 2021 to receive in time for Father’s Day!
Prescription for Wealth pdf download: https://www.life-benefits.com/prescription-for-wealth-book/
The step-up in basis or stepped-up basis allows property and businesses to be passed to the next generation without a tax on the appreciation.
Biden’s new tax plan depicts removing the step-up basis. Removal of the step-up basis will seriously jeopardize the financial legacy of many Americans.
Today on Wealth Talks, Tom and John discuss how we can prepare to leave a legacy in spite of this.
Poverty has always existed and always will. Despite the “War on Poverty” (the most monetarily expensive war), poverty rates in America have been steadily on the rise.
This should, perhaps, come as no surprise. Jesus Christ told us we would always have the poor among us, but that doesn’t mean we have to be one of them.
In today’s show, Tom and John discuss poverty and why it has become an obstacle to building sustainable wealth in America.