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A serial entrepreneur at heart, Dave Wolcott spent the next 20 years building several businesses, investing in alternative assets and creating The Pantheon Holistic Wealth Strategy: the playbook to becoming ultra-wealthy and having not only freedom of money, but freedom of purpose, time and relationship.
Today, Dave is the Founder and CEO of Pantheon Investments and is more passionate than ever about helping entrepreneurs build wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market. Dave is an author and a host of the top rated “Wealth Strategy Secrets of the Ultra-Wealthy” podcast.
In this captivating segment, Kary Oberbrunner delves deep into the pages of Dave’s recently published book: The Holistic Wealth Strategy: A Framework for Building Legacy Wealth and Unlimited Freedom to Live an Extraordinary Life! Dave Wolcott uncovers how to protect your money while multiplying it like the top one percent do.
Holistic wealth is more than just money: it’s a comprehensive expression of your mental, physical, and financial well-being. Dave shares his five-phase framework for building and following a holistic wealth strategy that will give you not only freedom of money but also freedom of purpose, time, and relationship.
Once you start investing in holistic wealth, you will be on the growth path of an ever-expanding future.The Holistic Wealth Strategy empowers you to seize the lifestyle you’ve always dreamed about.
In This Episode
- Dave’s background and what led him to building legacy.
- What drove Dave to write this book? And what is his book about?
- How to make a paradigm shift in your mindset.
- The difference between being rich and being wealthy.
- Discovering the Holistic Wealth Strategy.
It’s Kary, and I have a bestselling author with me. Listen in—this book is going to be a great treat for you. I learned so much. Dave Wolcott, welcome!
Thank you, Kary. I’m grateful to be here and connect with everyone. I appreciate the support on this amazing journey.
This is one of those books where I thought, “I wish I had this about 10 years ago when I was making my early financial decisions.” But, Dave, let’s start right out of the gate with a little bit of background. I know you have some guests, and I have some guests who are sharing this.
We have Tanisha monitoring, and we will have people from all over the world jumping in here. But tell me a little bit about what you do and your background. I know you have some military experience, and you also have Pantheon. Give us some background.
I was raised in a middle-class family in Connecticut, and I was taught the traditional path: go to school, get good grades, and you’ll get a great job. That was the recipe for success at the time. I followed that path and went to George Washington University in DC.
I had the opportunity to do the Marine Corps ROTC program, so after college, I joined the Marines. It was such a challenging and inspiring time. I learned valuable lessons there that you just don’t learn anywhere else in the world—things like leadership, teamwork, and integrity. After four years in the Marines, I transitioned into corporate America and got into the tech industry, which was exciting and innovative.
However, I struggled with losing the sense of purpose I had in the Marines and noticed a loss of values in corporate America, where people were just trying to hit numbers and jeopardizing their integrity in how they made decisions. That was my first experience with the corporate machine, and I started to get frustrated.
At the same time, my family was growing. We had an 18-month-old toddler, and then on October 24, 2000, we had triplets. Can you imagine? Quadrupling the size of my family overnight set me on the path to figuring out how I was going to financially provide for my family.
So, the first thing I did was visit my financial planner. I was frustrated with the answers I received. He said the same thing that three others before him had said: “Invest in the market. It will go up and down, but you’ll make a 7% return, so invest for the long term.” He also mentioned things like deferring your taxes, investing in a 529 plan for your kids, and maxing out your 401(k).
This is the traditional advice being offered to 95% of people. The entrepreneur in me got frustrated, and I wanted to solve the question of how to build real legacy wealth outside of Wall Street. I wanted to outperform that 7% return and create more financial security for my family.
Ultimately, this provides more freedom and security to live an amazing life where you’re not looking over your shoulder all the time, and you can envision a future that’s always bigger than your past.
And I’ll tell you why we need to aim for more than 7%—because of inflation. If you’re only getting a 7% return, you’re losing ground, right?
Absolutely. If you’re at 7%, correct me if I’m wrong—you’re better with these numbers than I am—but we’re losing the game now. Is that true?
Yes, it is. But we also need to factor in taxes and fees. It’s misunderstood out there. Financial planners often present statements of 401(k) accounts, and people think, “Okay, I might be up or down a little, but I’m growing.”
What they don’t realize is that this is pretax money. When you defer taxes in that vehicle, over 20 years, when you want to withdraw in retirement, you’re going to pay ordinary income tax rates on that money. My guess is taxes are likely going to be even higher than they are today.
You’re right—there’s also inflation and fees to consider. So even what you thought was a steady 7% return is more like 2.5%.
Wow. This is why, again, when I read this book, I thought, “Oh my gosh, I wish I had learned this earlier.” We’re going to start providing solutions very soon. Dave’s book covers this in detail. One part that was super relevant to me—and I hope you can discuss it—is the idea of getting a rental property for your kid when they’re in college and being able to deduct it or something like that. You’ve got some incredible legal insights in your book. What are some of your favorites?
Dave: You know, it’s funny, Kary. I’ve been reading the book this week myself, trying not to be overly critical of things I could have improved. But it’s interesting because I learned something even from my advice as I was going through it. I was in the tax strategy section, and I realized that my triplets are now 22. I have a 24-year-old who’s getting married this summer, so I’ve been thinking about how I can make this wedding tax-deductible since it’s going to be quite pricey.
Kary: Right.
Dave: I’ve been considering this for a while, but when I was reading my book, I came across a strategy called income shifting. Especially for business owners, you can shift some of your income into different buckets that are taxed at different rates. One way to do this is by paying your kids for work done in your business. My daughter has done a lot of work for me, so I decided to carve out some hours for her to contribute, and now my business will pay her. She can use that additional income to help pay for her wedding.
Kary: That’s a brilliant strategy!
Dave: And the strategic byproduct of this is that I get to teach my daughter about taxes in a real way, which is incredibly valuable. Just like you mentioned at the beginning of this interview if only we had known these lessons when we were younger.
Kary: Absolutely. I didn’t learn these things either. My parents both worked in nonprofits, so we didn’t have a ton of money growing up. I realize now that the IRS tax code can be viewed in two ways: you can see it as a barrier or as a guide with secrets on how to legally play the game and win. I like your perspective because there are so many opportunities in there, like Section 179, which allows you to deduct a luxury vehicle if you follow the rules. The wealthy get wealthier because they understand this stuff.
Dave: Exactly! And the fact that my book is available for just 99 cents today means that anyone who misses out is making a poor financial decision. It’s worth so much more than that!
Kary: Why did you decide to write a book and share such wisdom for such a low price?
Dave: I appreciate that question, Kary. As I reflected on the book launch, I wanted to address the problem of creating financial security for my family and building legacy wealth. I want to help my kids and their kids while also creating more freedom in my life. The traditional model drives a scarcity mindset, telling people to work for 40 years, save up a nest egg, and then enjoy life at 65. I want to live life fully today!
Kary: That’s so important.
Dave: I’m a simplifier, so after two decades of experience, I aimed to create a system that helps people build wealth with repeatable results based on both my successes and mistakes.
Kary: And you’re already the number one book in small business tax! That’s an incredible achievement, especially considering you’ve only been out for a couple of days. How does that feel?
Dave: It’s amazing! It’s a lot of work to write a book, and I’m grateful for the positive response. I think people are realizing that there are valuable secrets in this book.
Kary: Yeah, it’s awesome. Also, you know, some of the other categories of financial engineering are tracking number one, which is cool because that’s the way I think about this. A lot of this is financial engineering.
Dave: I’m just really grateful, Kary. You know, I’m grateful for all the learning and all the relationships that I’ve created over those 20 years. It just feels great to be able to give back and try to impart all these learnings so that other people don’t have to make the mistakes that I did. They can accelerate their journeys so much faster.
Kary: I know you like to travel. I like to travel too. I’m going on a cycling trip in Paris, and you’re going to Italy? I’m jealous! But I’m excited about that. You and I follow a guy named Dan Sullivan, and we’re part of Strategic Coach. He talks about four freedoms, and your book covers that. I mean, it’s not just about money. You talk about how if you want true wealth, you’re doing more than just focusing on money. Can you explain that? Some people might be watching and thinking, “Is he just talking about money?” How do you understand wealth?
Dave: I love understanding the psychology of money, Kary, because, again, I think Wall Street conditions us to think that we need to have some kind of number. People start living up to this ideal of, “I’ve gotta have a million. I’ve gotta have ten million. I’ve gotta have a hundred million.” And then once I get there, everything’s going to magically be okay.
Kary: Right? So it’s not good to associate yourself with a number. Dan Sullivan himself talks about how he does not measure himself by a number. You’re measuring yourself by your ideals, your contributions, and things like that. So I think for everyone—and for my journey—I’ve spent a lot of time thinking about what wealth means to me. Society portrays wealth as being rich, but being rich and being wealthy are two different things.
Dave: When you’re rich, there are a lot of people who can make a lot of money, but they can also spend a lot of money. They can buy fancy cars and go on extravagant vacations, but are they building assets? Do they have great values in their family? Wealthy people are buying assets that produce cash flow and provide opportunities for generations to come.
To me, the definition of wealth is also about creating these freedoms, as you mentioned. It’s a lot of the underlying aspects of money. Money can create freedom, which gives you the resources to do the things you want, whether that’s going on an amazing vacation with your family or creating your foundation to have an impact.
But you need capital to be able to do that. I spent several years in corporate America feeling completely handcuffed, so I wanted to create freedom of purpose. I didn’t want to just be in that time and effort economy where I was trading my time for money all the time. I wanted to have freedom of time and freedom of purpose.
I’ve talked to many clients about trying to have more time in their lives to spend that quality time with their families and relationships. I encourage people to do a lot of deep thinking about that because, ultimately, a lot of it revolves around creating freedom in your life in multiple dimensions. There’s also a big aspect of security, conquering some of your biggest fears. Right now, you turn on the news, and everyone’s talking about the collapse of the banking system. It creates fear, and who wants to live in fear? That’s nonproductive.
We need to take the certainty we have in our lives and create certain outcomes with what we have, letting go of the uncertain things.
Kary: Love it! You have a podcast, and you have a business. Talk to us a little bit about Pantheon. What do you see as your ultimate goal? I heard you have some kind of mastermind starting. Can you take us through a little bit of the website, if you don’t mind?
Dave: Sure, Kary. The way I see this is I just want to create maximum value for our clients to help them along their journey, wherever they are. One of the offerings we provide is infinite banking, which uses a cash-value whole life insurance policy. Life insurance companies have been around for 150 years, and they won’t fail like banks.
You can put capital in there, and it compounds tax-free. You can pass it to your heirs tax-free. It has asset protection, and you can also borrow against it to pay for your kid’s college or invest in the next opportunity. I find that a lot of people don’t have this as part of their portfolio; they lack this liquidity and safety portion because Wall Street talks about a 60/40 portfolio consisting of stocks, bonds, and mutual funds. In my book, those are very risky, even bonds.
The bond market, those are not safe. So having something safe and providing liquidity is essential. This addresses some of your concerns. That’s why we support infinite banking. We also have private equity opportunities, Kary.
Kary: Where would I go for more information?
Dave: Under the “Opportunities” section.
Kary: Love it. Yes. So under here, we identify what we believe are exclusive opportunities in the marketplace, where we’re investing in assets that are completely non-correlated to Wall Street. We’re buying things like apartment buildings, self-storage units, oil, and gas—different assets that provide passive income, tax efficiency, and some type of forced appreciation on the upside.
Dave: Over 20 years of doing this, I’ve averaged at least a 20% annualized return on these types of assets. And by the way, they’re completely tax-efficient on top of that. If you keep rolling your investments into the next opportunities, you won’t be paying taxes on those gains.
Kary: What would someone need to start with?
Dave: The typical minimum investment is $50,000. But what’s amazing is that you can invest in a 300-unit apartment building as a limited partner. You get access to top-notch acquisition, asset management, and property management teams. You don’t have to worry about tenants, termites, or toilets; you just focus on writing your check, and then you receive your cash flow returns.
Kary: See, I told you, folks! We have people jumping in from all over and loving this. We’ve got Reuben here. By the way, folks, tell us where you’re from and tag and share with someone. Even what we just heard—I never knew that was possible. Sometimes people think, “Well, I have to buy the whole apartment building, and that’s going to cost a million dollars.” But what you just shared, Dave, is that they can get involved for a lot less without having to deal with tenants, termites, and toilets.
Dave: Exactly!
Kary: That’s fantastic! What else is on this page?
Dave: We’ve also recently launched a mastermind and family office for those clients who want to dive deep with us. They want to take these concepts around holistic wealth strategy and truly tax their wealth. These are the top 1% of individuals aiming to reach the next level; they have a big mindset and are very ambitious.
Kary: It sounds like you have a great team!
Dave: Absolutely. It has taken me 20 years to curate this team of advisers, Kary. For instance, we have a proactive CPA firm that I finally found after firing five others over the years. I paid so much in taxes and was always frustrated until I found the right one. Now, this CPA firm is part of your dream team when you start with us.
We also have one of the top asset protection attorneys in the country. If you want to create trust or something, we’re talking about very sophisticated strategies that can build a fortress around your wealth, ensuring that nobody can come after it. These are unique advisors we’ve pulled together for this program, and I’m excited about it because it’s called the Holistic Wealth Strategy.
We believe strongly in the importance of health. Lifespan and healthspan are crucial, right? It’s about having the energy to do the things you want to do. In your last decade, for example, you should be able to pick up your grandkids and go swimming with them, rather than being confined to a wheelchair.
Kary: On the health side, we have one of the leading functional medicine doctors on our faculty, Dr. Pappas. He’s a brilliant mind who explores new protocols and biohacking techniques that can truly expand your health span and lifespan. I believe that conversations about health are essential. If you have a financial adviser who isn’t discussing longevity and lifespan, that’s only half the equation. What do you think, Dave?
Dave: Absolutely. Think about Steve Jobs. He had all the wealth in the world but couldn’t solve his health challenges. What would he have been willing to pay for that?
We could ask our listeners right now: how much do you spend on your health in a year? For instance, LeBron James spends over one and a half million dollars on his body each year, right?
And when people hear that, they might say, “Oh my gosh!” But consider the revenue his body generates.
Kary: Yes, exactly.
Dave: It’s massive. When you think about it, spending one and a half million is quite cheap compared to all his endorsements and salary. So I completely agree with you.
Part of our philosophy here, Kary, is to make people realize that you are your biggest asset. The $30 trillion financial services industry often wants you to feel incapable of managing your wealth. They complicate things so you think you need their guidance, but you’re just working toward their agenda.
If you understand that you are your greatest asset, you’ll want to invest in yourself. I’ve consistently seen a minimum 10x return whenever I invest in a mastermind or prioritize my health.
Kary: So good! What else do you have? I know you have a top-ranked podcast.
Dave: Yes! Our podcast is all about creating value for others. We have amazing guests. Just this week, we featured Richard Wilson, who’s also on our faculty. He’s advised over 200 ultra-wealthy families on setting up family offices and structuring their portfolios. We always strive to bring in fantastic guests to help our listeners learn different concepts and strategies.
Kary: That’s great! I see you also have a resource section.
Dave: Yes, Kary. We’re focused on education here as well. We’ve compiled a list of great books because reading is one of the top success habits of the wealthy. They’re constantly reading! I know many of these concepts are new, especially regarding alternative assets and mindset.
So we’ve curated some of the best books in various categories and we’re continually adding to that list. That’s one aspect. We’re also doing blog postings and FAQs for investors. If you go to the “Wealth Strategy” section at the top left.
Kary: Perfect!
Dave: Right here, we’re creating free resources. Anyone interested in the book can enter their information, and we’ll send them free resources from it.
Kary: Wow!
Dave: We also have some bonus materials, including a 401(k) exit calculator.
Kary: Wow! That sounds a bit controversial!
Dave: Let me share some numbers we compiled while putting this together, as I went through this process myself. I sold my 401(k) about 10 years ago, and I’ve never looked back. I think I’ve tripled my money since. If you take $100,000 sitting in a 401(k) today and pay the 10% penalty on it, and let’s assume you’re in a 35% tax bracket, your net investable amount goes from $100,000 down to $55,000.
If you invest that into private opportunities such as multifamily syndications—like one of these apartment buildings—you could be making a 20% return. You can also depreciate your returns through tax savings, and if you flip that investment every five years because they typically sell in about five years, you could see that $55,000 turn into $2 million at the end of 20 years, assuming uninterrupted compounding.
Kary: Wow, that’s incredible.
Dave: Now, let’s compare that to if you had left your money in the 401(k). Everyone in the 401(k) says, “Ed, I can’t pay the penalty. I can’t get out.” But at the end of 20 years, when you factor in taxes and fees, you’d be at about $250,000.
Kary: Wow. That’s almost a 10x increase.
Dave: Exactly! And that doesn’t even factor in inflation or fees. We’re just talking about it at a 35% tax rate. This is a real issue I feel obligated to help people with, Kary because Wall Street has its agenda. You have to understand how they make their money—they earn fees on assets under management. If you have a $1 million portfolio sitting in a 401(k) or IRA, they’re taking a 1% fee, even when the market is down 20%. You’re still paying that fee, and they don’t tell you what your actual income will be when you want to take the money out, minus the taxes.
Kary: That’s a crucial point.
Dave: Let me give you another scenario. Let’s say you’ve saved $4 million by the time you reach 65. They tell you through simulations that you can withdraw 4% a year. You might think, “Hey, I’ve got $4 million—that’s a decent number.” But at 4% a year, that’s $160,000. What they don’t tell you about is the taxes you’ll pay on that amount. So, that $160,000 might only be about $100,000 or $110,000 after taxes. Each year, if you take out another $160,000, you’re effectively depleting your savings. The risk is that you could outlive your money because these simulations typically age you out at around 89 years old, leaving you with no capital.
Kary: That sounds risky.
Dave: Now, let’s compare this with the passive income approach by investing in these assets we’re discussing. Take that same $4 million, and if it’s producing 8% cash flow a year, you can offset that income with bonus depreciation. This means that from that $4 million if you’re making 8% tax-free, you’re earning $320,000 a year without paying taxes. And your initial investment of $4 million is still appreciating.
Kary: Can you explain bonus depreciation for those who may not understand?
Dave: Sure! Bonus depreciation can be a bit complex. Essentially, if you own an apartment building, all the fixtures—like the HVAC system and carpeting—are assigned a value. Then, they conduct a cost segregation study, allowing you to depreciate these assets, just like you would with a car in your business. So, in this scenario, if you’re making 8% tax-free, you’re looking at $320,000 a year with no taxes, and your $4 million investment continues to appreciate.
Kary: That’s amazing.
Dave: At age 66, if your property appreciates another 10%, you’re still gaining value, and you can pass this wealth to your heirs tax-free through a stepped-up basis. Which scenario would you prefer—the Wall Street model or this one?
Kary: The second one!
Dave: You could be living off $320,000 instead of the $100,000 under the Wall Street model. And remember, every time your asset increases in value, your cash flow does too.
Kary: Mind blown! And what about skeptics? Is there any risk involved?
Dave: There’s risk in everything, Kary. Just last week, we saw risks with banks, which is a bit scary. My wife was gifted Kodak stock 15 years ago—a blue-chip stock and it went bankrupt. We lost everything with no recourse.
Life itself is a risk. It’s about understanding your risk profile and investing in assets that suit you. Multifamily apartments, for instance, are crucial since shelter is a basic need. So even if we have another recession, people need a place to live. I mean, it’s very fundamental unless they go move in with their parents, right?
Kary: Right.
Dave: We’re investing in tangible assets, like, you know, very hard assets, unlike paper stocks where we wake up today, we’ll get off this call and watch the market go down another two points because of what? You know? Because of fears surrounding Credit Suisse and what’s happening over there. You have no control over that.
Kary: Yes.
Dave: You have an apartment building; people sign a 12-month lease, and you know you’ve got the occupancy. Plus, there’s more risk mitigation because, in a 300-unit apartment building, you can afford to have 50 units vacant, right? You’re still cash-flowing from the others. So where do you want to take your risk?
Kary: Wow. Alright. So let’s go to your book. Here’s the book, folks. Again, bestseller number one. I’ve been blown away. I would say just based on Dave’s wisdom alone, get this book. What are people going to get from it? I love the table of contents; I’m an author and a publisher, so I nerd out on it because it tells me where you’re taking me. Where are you taking us in the book?
Dave: Maybe if you skip ahead to page 129, they may let me. They may not.
Kary: It’s not in there. So essentially, we have the entire wealth strategy laid out in a nice infographic here.
Dave: I know where it is. All these different phases. It’s on your way, right?
Kary: Yeah.
Dave: And when you have a strategy that’s got all these different phases, you’re turning wealth building into a system. Yeah. And that way—where would that be? Oh, yeah. Go to the homepage and then scroll down a little bit. So the book is unpacking this. This is the core.
So the book talks about creating a vision statement because if you don’t have a target, you’re going to miss every time. You’ve got to get crystal clear on where you’re going in life, right? And setting the stage for that. Then we walk through each of these five phases, so you can start to think about these things differently, you know, before you start investing.
Because I think you need to go through a mindset transformation before you’re ready to invest in these private investments. Right? You need to change the way you think, and you also need to get educated. There’s a formula out there that says your net worth is equal to your financial IQ plus your relationship capital.
In phase two, we talk about the importance of relationships, how powerful they are, and also just learning about these opportunities. Yeah. I mean, I had no idea that some of these opportunities existed. We are part of an oil and gas fund that invests in oil-producing wells. The investment is 100% tax-deductible even against W-2 active income.
I just got back my K-1 statement here. It’s March. In year one, one of the investments I put in, if you invest $100K, it came back 87% as a tax deduction. Right? So now I take that $87K, and I can apply it to any other income. And if you’re a high-income earner, we have many high-income earners trying to offset their taxes. If you’re a doctor or an entrepreneur and you’re trying to offset that, this is an amazing strategy to do that because it’s all about what you keep, not what you earn.
Kary: Dave, this has been amazing. What do you hope the book does? I mean, I know you said it helps people create legacy wealth. Where do you see you and Pantheon going in the next five years?
Dave: Kary, I want to inspire people to take action. How many times have you heard a great podcast or a great TEDx talk where someone went through a major transformation in their lives, often through the loss of a loved one, a chronic illness, or something challenging?
Kary: My calling is to inspire people to take action in their lives now. Right? Get out of the corporate and Wall Street-type approaches that are out there. Get autonomy and control over your finances and your wealth by creating that vision that you want to have, so you can start living the life you want to live now. Right? And what that means to you. So to the extent that our clients are 10X-ing their wealth and their lives, then we are going to 10X.
Dave: Wow. Listen, I was just chatting with somebody yesterday. They said their daughter was getting married, and you know, nothing against this person; they’re amazing. They’re a friend. But he’s not thinking about how to pay for that with a tax write-off or tax deduction.
Kary: I love this. Kevin asked a question, how do I order the book for 99¢? So, folks, go to Amazon. This book is available in Kindle, paperback, and hardcover, and it’s coming out on audio shortly. But you can’t wait! You gotta get this stuff now. Because you’re right. I mean, the headlines show that the safest things we thought, like putting your money in the bank, just yesterday, I saw somebody on Twitter wearing a shirt that said, “Banks are a scam.”
And I think our world is just waking up to the fact that it’s changing, and you can’t think and strategize the same way. Your book, The Holistic Wealth Strategy, is the answer. So, Dave, I’m blown away, man. Anything else you want to say?
Dave: I mean, I think I’ll leave some parting thoughts: this works. Not only did I experience this for myself, but one of the biggest rewards for me is watching our clients have success with this. I know one of our clients in particular has had over seven-figure growth just by implementing these strategies.
Kary: Wow.
Dave: And the numbers only get bigger, guys. You might be thinking, “Hey, this isn’t for me,” or maybe I only have a $1,000,000 portfolio or something right now. But I can tell you, once you start to learn these principles and you create this system, it starts to become a process that you just work on, and it all starts to snowball together. The zeros just keep adding up.
Kary: Wow. I know you also are giving back, and that’s part of your whole philosophy. But did I read somewhere that part of the book’s proceeds go to help veterans or something like that?
Dave: Correct, Kary. As a veteran myself, I love to support the veteran community. We’re giving to thefund.org, which is an amazing group that is trying to help our nation’s heroes who have fallen ill or face challenges after their service. So, a portion of the proceeds will be going there, and I believe it’s a great cause.
Kary: Wow. Well, Dave, I’m glad that we met. I’m glad that we just started hanging out together through Strategic Coach. I believe in this book. I believe in you. And I know you’re going to help a ton of people. You got me thinking, man. I could be doing more, and it’s not as hard as we like to think.
Dave: I love that idea of cashing in your 401(k) and how you ran those numbers. Even with the penalty, you ran the numbers. That’s even an option because, you know, I love the honesty of one of our listeners, my friend here, Susan, who says, “Only $1,000,000.” But I guess that she probably has—and other people have—a 401(k) that they’re waiting and waiting on. I don’t like to live my life where I’m not in control.
And you’re right. Emotion and world events can just jack that up, and that’s not comforting. A million today, again, you get that uninterrupted compounding, and you start to get some of these other things working. Part of this strategy is reducing the top three biggest wealth destroyers, which are taxes, government-sponsored qualified plans, and stock market losses over time. When we can start to mitigate those while simultaneously increasing our upside, let’s just say if I give you a 10-20% tax reduction, that would be one of the best yielding opportunities you ever had. But if you got a 20% tax reduction plus you got an opportunity that was generating 20%, I mean, the returns start to magnify.
Kary: And that’s what I’ve experienced and quantified in numbers. I’m going to give everyone a challenge here. Listen, I’m a publisher. I know the game that Amazon plays, and I guess that you probably got more value today than you’ve gotten in a long time on this topic. That means that you just heard Dave speak about the book. So I want you to go on Amazon. I want you to click Kindle. I want you to get that gift version or whatever you want. But then I want you to do a review.
Dave: Kary, I showed you, man. I’ve done so many reviews that Amazon has banned me. If I hit customer review, I can put in my password, and they ban me. I write so many reviews!
Kary: But everyone else who’s not banned, do a review because people are going to hit Dave’s page and they’re going to say, “Oh my gosh, I need this book!” And we’ll get Keith who already ordered it just now. Susan is buying it and leaving a review. Tanisha already left one. So, man, you’ve developed a fan club!
Dave: This thing’s going to live on YouTube. Share it. Tag it, everybody. Thanks for being here, my friend.
Kary: Grateful to connect with the audience and you as always, Dave. Awesome. Well, folks, you have a great day. And hey, let’s do the holistic wealth strategy together. I’ll see you!