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cover of episode Episode 27: Sequence of Money - How One Little Tweak Can Make a Massive Difference When Building Wealth

Episode 27: Sequence of Money - How One Little Tweak Can Make a Massive Difference When Building Wealth

2022/8/15
logo of podcast Wealth Warehouse

Wealth Warehouse

Shownotes Transcript

Join David Befort and Paul Fugere on Episode 27 of the Wealth Warehouse!

Have you ever noticed that all of the big financial gurus always talk about where to invest your money, rather than where to save it?

In today’s episode, David and Paul are talking about savings - but not just any old inflation discussion. They cover where to park your money and even what you need to know when you take it out.

The guys also dive into the most common ways people build wealth and a couple of its biggest problems: lack of access and lack of liquidity. They also cover the sequence of returns risk and how to approach taking money out.

Episode Outline:

-(0:31) - Episode start

-(1:30) - “What is sequence?”, the four things you can do with money

-(2:45) - What is the wealth plan of most people?

-(6:53) - The importance of having access to liquid capital, especially for emergencies

-(13:30) - Sequence of returns risk, “nobody tells you where to save your money”

-(19:05) - The strength of IBC during times of financial crisis or hardship

-(20:48) - “The more capital you have access to, the better the opportunities get”

-(24:43) - “Sequence matters when you’re putting money in and when you’re taking money out”

ABOUT YOUR HOSTS:

David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.

 

David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.

 

Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.

 

As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.

 

Catch up with David and Paul, visit the links below!

 

Website: 

 

https://infinitebanking.org/agents/Fugere494

 

https://infinitebanking.org/agents/Befort399

 

LinkedIn:

 

https://www.linkedin.com/in/david-a-befort-jr-09663972/

 

https://www.linkedin.com/in/paul-fugere-762021b0/

 

Email:)

 

[email protected]