In today's episode, Tom welcomes back Alpesh Parmar, founder of Wealth Matters and author of "Resilience: Turning Your Setback into a Comeback." Alpesh shares updates on his latest project, a children's book titled "Growing the Money Tree," designed to teach kids aged 8-12 about money, finance, and investing. They discuss the importance of financial education for young minds, the challenges of simplifying complex topics, and how to instill long-term thinking in children. Tune in to learn valuable insights and practical tips on educating the next generation about financial literacy. Highlights 04:19 - Covid’s impact on family dynamics and career. 04:49 - Launching “Growing the Money Tree for Kids.” 09:31 - Inspiration behind the new book project. 15:07 - Making financial education relatable for kids. 19:58 - Importance of understanding passive income. 22:30 - The iterative process of writing the book with children. 25:18 - Significance of launching the book for summer learning.   Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Alpesh Parmar https://amzn.to/4azyfW9 [email protected]   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode, Tom is joined by estate attorney Alessandra Long where they discuss the importance of estate planning for financial security and peace of mind. Joins them as they explore the basics of wills, trusts, and essential roles like executor, trustee, and guardian. Tune in to learn more about estate planning and feel empowered to make informed decisions for your future. Highlights 01:15 - Importance of Estate Planning 03:40 - Tax Day Coincidence 05:40 - Early Realization about Estate Messes 08:59 - The Hassles of Guardianship After Death 11:25 - Key Elements of an Estate Plan 12:50 - Healthcare Directives and Durable Power of Attorney 15:35 - Importance of a Living Will 19:35 - Comparing Will vs. Revocable Living Trust 22:34 - Mention of Testamentary Trust Pitfalls 26:51 - Benefits of a Pour-Over Will 31:45 - Role of Financial Advisors in Estate Planning 34:00 - Understanding the Important Roles: Executor, Trustee, Guardian 38:49 - Corporate Trustees and Professional Help 43:20 - Reviewing Estate Plan Every 3-5 Years 45:30 - Importance of Elderly Parents’ Estate Plans 51:20 - Emphasis on Getting Started Early with Estate Planning Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Alessandra Long [email protected] https://amlonglaw.com/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Joining Tom in an enlightening conversation with Becca Wilhite, an authorized infinite banking practitioner, as they explore the revolutionary concept of infinite banking. Becca shares her journey from skeptic to believer and delves into the intricacies of using whole life insurance policies to achieve financial freedom. Discover how infinite banking can empower you to take control of your finances, build assets, and unlock new possibilities. Tune in to learn how this unconventional approach to finance can transform your wealth management strategy. Highlights 04:19 - “Dead on arrival” perception of whole life insurance. 05:46 - Light bulb moments during COVID research. 06:51 - The revelation: whole life insurance benefits. 09:30 - Misconceptions about debt and cash payments. 11:19 - Rethinking debt through the Infinite Banking lens. 16:48 - Skepticism of mainstream financial advice. 19:32 - Personal experience with Roth IRA vs. IBC. 20:55 - The average vs. actual rate of return. 23:39 - Sharing Infinite Banking with clients. 26:16 - Conversations with children about finance. 29:32 - The concept of generational wealth. 32:17 - The story behind "Beaver Bankers" 35:46 - Illustrating financial concepts through beavers. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Becca Wilhite https://www.salientsolutionsibc.com/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Today, Tom offers a comprehensive exploration of the pros and cons of the Infinite Banking Concept. From tax advantages and guaranteed growth to asset protection and legacy planning, Tom breaks down the complexities of utilizing whole life insurance policies for cash storage and management. Discover how the IBC philosophy can provide stable capital storage, tax advantages, and legacy planning opportunities, while also navigating the upfront costs, qualification process, and potential complexities associated with this unique financial approach. Whether you're new to infinite banking or seeking deeper insights, join Tom as he sheds light on whether this strategy is the right fit for you. Highlights 1:08 - Access to the Cash Value in Policies. 1:29 - Legacy Planning and its Impact. 9:46 - No Perfect Asset: Everything Has Pros and Cons. 10:02 - Cons of the Infinite Banking Concept: Higher Upfront Costs. 11:40 - Health Qualifications for Policy Approval. 12:45 - Complexity and Understanding Policy Design. 14:14 - Misconceptions about Whole Life Insurance as an Investment. 15:53 - The Risk of Policy Lapse and Required Discipline. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Subscribe on Spotify

Join Tom as he dives into the world of real estate investing with his special guest, Dr. Allen Lomax, CEO and investor relations manager at Stee Talker Capital. Dr. Lomax shares his journey from a challenging start to finding success in real estate investing. From house hacking to multifamily investments, learn valuable lessons and insights to enhance your own financial journey. Don't miss out on this opportunity to expand your knowledge and gain inspiration from experts in the field. Highlights 02:12 - Overcoming the label of "slow learner" due to dyslexia. 02:52 - Major wake-up call at age 38 leading to self-improvement. 06:17 - The financial consequences of the 2008 recession. 07:10 - The journey to educational and self-improvement following significant loss. 14:15 - Choosing multifamily investing for quicker financial recovery. 16:10 - Making the shift from active to passive investing via capital raising. 19:56 - Networking through podcasting and joining a mastermind group. 22:59 - Focusing on growth areas in the Southeast for multifamily investment. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Dr. Allen Lomax [email protected]   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode, Tom and Ed Mathews discuss real estate investment and entrepreneurship. Ed shares his journey from corporate life to president of Clark Street Capital, specializing in helping professionals grow retirement nest eggs through real estate. They cover overcoming fear, building wealth, and transitioning to successful real estate investing. Ed highlights Clark Street Capital's approach to acquiring value-add properties and improving resident experience while maximizing profitability. Tune is for valuable insights for anyone looking to venture into real estate investment!   Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Ed Mathews https://www.clarkst.com/     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Today's insightful episode comes from Tom and philanthropic coach Barron Damon. With over 20 years of experience in the nonprofit sector, Baron shares his expertise on charitable giving and maximizing the impact of your contributions. Learn how to uncover your philanthropic why, develop a strategic giving plan, and make a lasting difference in your community. Tune in for insightful conversations on building wealth beyond financial investments and leaving a legacy that transcends generations. Highlights 02:39 How Barron came into the space of philanthropy 07:40 The process of finding a personal philanthropic purpose (referred to as the "why") and the decision-making about where to give money 12:05 How he helps charitable organizations and filling in the philanthropic why 17:18 The importance of using time, talent, and treasure (money) in charity and a personal illustration of a man using his passion and talent to impact kids' lives 20:03 Why it’s important to hire a coach 23:02 The equation he developed linking time, effort, and impact to leaving a legacy 28:22 Initial tools to use to get started 31:12 Potential benefits of engaging philanthropy in businesses and how it can boost employee engagement, attract potential employees, and align a company with a charitable cause Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Barron Damon https://businessoflifecc.com/     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode, Tom discusses the five fundamental rules of the Infinite Banking Concept, offering insights and perspectives on long-term thinking, capitalization, avoiding pitfalls, and redefining financial paradigms. Whether you're a seasoned investor or new to the concept, this podcast promises to enlighten and empower you on your journey to financial freedom. Tune in now and discover the path to building generational wealth with the Infinite Banking Concept. Highlights 02:40 How the infinite banking concept hits on things beyond just money 03:09 First rule of the infinite banking concept: Think long-term 06:13 Second rule of the infinite banking concept: Don't be afraid to capitalize 08:57 Third rule of the infinite banking concept: Don't steal the peas 11:26 Fourth rule of the infinite banking concept: Don't do business with banks 13:36 Fifth and final rule of the infinite banking concept: Rethink your thinking Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Joining Tom today is seasoned real estate veteran Gary Wilson with over 30 years of experience. They talk about Gary's journey from starting out at 23 years old to becoming a self-made millionaire and retiring from the corporate world at 40. He shares invaluable insights and practical wisdom on building a successful real estate portfolio, utilizing strategies like assuming mortgages, creative purchasing, and the stair-step approach to scaling investments. Whether you're a seasoned investor or just starting out, this episode is packed with actionable advice and inspiring stories that will empower you on your journey to financial independence. Tune in now and discover the secrets to achieving massive passive cash flow and unlocking your true potential in real estate investing. Highlights 01:13 The importance of providing actionable steps for the audience 05:54 The process of buying his first property and how difficult it was 12:52 Learning methodology, especially for new real estate agents and brokers 16:56 Value of using a line of credit instead of a fixed loan, and how he used his cash flow to reinvest and increase his portfolio 21:08 The various creative purchasing strategies he's used in his real estate journey 26:13 Dealing with the different tools of life insurance 30:03 Significance of resilience and commitment in handling business affairs especially during difficult times 32:38 The different variables to getting started 35:30 Where to find Gary and learn more about him and his teachings Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Gary Wilson https://www.myinvestmentservices.com/     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Welcome to today's podcast, where empowerment meets impact. Join Tom as he explores the transformative power of mindset and entrepreneurship with special guest, Bogdan Rosu, all the way from Romania. As they dive into Bogdan's journey from martial arts to coaching, they uncover the secrets to building wealth and success while staying grounded in purpose. Discover how embracing your true passion and vision can lead to a life of fulfillment and positive impact. From overcoming self-doubt to redefining wealth, this conversation is sure to inspire and empower you on your own path to greatness. Highlights 02:33 Childhood experiences and their influence 06:27 Connecting martial arts with personal development 13:10 Steps to becoming an entrepreneur 23:27 The human nature to challenge and grow and how uniformity can lead to stagnation and boredom 25:24 Ways to impact the life of others as an entrepreneur 27:13 The idea of being okay without wealth and the importance of appreciating life in general 33:48 Entrepreneurship and the mental game involved in achieving success 37:49 What is stopping people from being successful 42:31 The importance of the right mindset 46:54 The shared goal of helping others grow and flourish Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Bogdan Rosu https://bogdanrosu.biz/     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify