Summary

In this episode, David, founder and CEO of One Wealth Advisors and executive chairman of a restaurant company, shares insights into his financial journey, including his net worth, investment strategies, and experiences in the restaurant industry. He has a net worth of over $10 million spread across business, Real Estate and market investments. He is in his late 50's. He discusses the importance of asset allocation, the role of real estate in wealth building, and the nuances of financial planning. David emphasizes the significance of serving others and the balance between concentration and diversification in wealth management. He also reflects on personal experiences and lessons learned throughout his career.

Takeaways

*David Steele is the founder and CEO of One Wealth Advisors. *He has a substantial portion of his net worth tied up in private companies. *Concentration creates wealth, while diversification preserves it. *Real estate plays a significant role in his net worth. *He advises clients to keep six months of expenses in cash. *David emphasizes the importance of being a fiduciary in financial planning. *He has successfully built a restaurant business alongside his financial practice. *David believes experiences with loved ones are worth spending on. *He started his financial planning practice in 1991. *David's journey reflects the balance between passion and business acumen.

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404: Net Worth Of $10.0M+ - The Duel Journey of a Financial Planner & Restaurateur 43:19 Share

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Shownotes Transcript

404: Net Worth Of $10.0M+ - The Duel Journey of a Financial Planner & Restaurateur