Episode 12: You Are the Core Asset: Investing in the 6 Forms of Capital

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In today’s Wealth Strategy Deep Dives episode, I’m diving into what I consider the most important phase of the Holistic Wealth Strategy—Phase One: realizing that you are your greatest asset.
We explore the six forms of capital—financial, human, intellectual, social, emotional, and spiritual—and how shifting your mindset to invest in yourself first can accelerate all other aspects of your wealth. I’ll share stories and frameworks that have shaped my own journey, including how self-awareness, community, and even health play vital roles in building legacy wealth. This episode isn’t just about money—it’s about crafting a meaningful life portfolio and expanding your true net worth.

If this episode sparked something for you and you’re ready to learn more, grab a free copy of my book at holisticwealthstrategy.com. You’ll also get access to our exclusive investor community where we share new investment opportunities, tactical education, and resources to accelerate your path to freedom. Want to go even deeper? Book a call with our team to learn about our Virtual Family Office services or join our mastermind group to build true generational wealth.

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How is it going everyone? And welcome to a special solo series of wealth strategy secrets of the ultra wealthy. I’m your host, Dave Wolcott. We get a lot of the same questions from our investors about infinite banking, tax efficiency, asset protection, strategy stacking, and how to actually build wealth outside of Wall Street. And we get it. We know you’re busy. So in this series, I’m breaking down complex wealth strategy topics into short tactical episodes that you can actually use to build legacy wealth.

Whether you’re just starting your journey or fine tuning your portfolio, these episodes are designed to give you high impact insights in just a few minutes. So let’s dive in. In today’s deep dive, I wanted to unpack the most important phase of the holistic wealth strategy, and that is phase one, an understanding that you are your greatest asset.

Every time I get interviewed, go on podcast, or I’m speaking at different places, people always ask me the question, what is the single best piece of advice you could give to people about how they could really start to create more impact in their wealth?

And what I answer is that it’s all about you and understanding that you are your greatest asset. Once you can actually make this paradigm shift, you will see your income grow exponentially and all your forms of capital starting to grow. So what does it actually mean to invest in yourself?

Well, I think a great way to think about this is with respect to the six forms of capital that we covered in a previous episode. The first one, we all understand, which is financial capital. Human capital, and intellectual capital.

So for instance, I often think about this story of Steve Jobs, one of the most brilliant innovators of our time, who actually had all the wealth in the world, yet he couldn’t buy himself another day. So could he have invested in his human capital, perhaps with advanced technologies around health or other investments? Maybe it was changing his lifestyle, or trying to get early, early data around his epigenetics that it potentially could have given him some additional life, right?

This is a big area that you can be investing in, investing in your health every day. For me, I think about that every day, right?

How can I exercise in terms of or exercise, right, my lifestyle, what I eat, how I choose my time, how much sleep I get, biohacking and all of these types of things that can really enhance your human capital, to be able to increase this? So this is a great way to actually invest in yourself.

Another one is intellectual capital. There’s been so many times in my career where I actually didn’t have financial capital to go invest in that next deal. But what did I do? Well, I started listening to podcasts. I joined masterminds. I read, you know, constantly reading different books.

So I was really increasing my financial IQ and increasing my intellectual capital which put me at a different level. When I did have an opportunity to invest. I became a better investor and also I was much more aligned with the outcome that I was actually looking for as an investor.

Let’s talk about social capital. What type of community, do you have that’s actually supporting you? Are you investing in that community? What type of values do you have? What type of relationship capital do you have? I love how Tony Robbins often talks about proximity, right, as being a big asset.

So are you in communities that can give you enough proximity to potentially that environment? So thinking about how we can actually grow our social community through expanding our communities, through expanding our relationship community. Emotional capital is so important. And I’ll never forget this interview, with Charlie Garcia who leads r three sixty, a centimillionaire community.

And when I asked him, I said, hey, what is the most important trait that, you know, centimillionaires, billionaires really have that you could you could describe? And he talked about it as self awareness. So really understanding what is your unique ability, you know, what do you do best, what is your superpower is another way to think about it, where do you create value.

And also understanding maybe our blind spots, our shadow self or our weaknesses and filling out ways that we can get other people to kind of support those for us so that we can double down on our strengths and what we do best and then have other people fill in the rest and you’ll truly find that this is an amazing way to be so much more fulfilled in life, reduce the amount of friction that you actually have from going against the grain.

We’ve also talked about using the Kolbe test, k o l b e, to determine your unique ability and your Kolbe score, will really help you get aligned with your instinctive, basically your instinctive nature and how you truly align to that. And then lastly is spiritual capital, right? So thinking about are we are we investing in our higher calling, in our faith?  What are we doing to be able to support that?

Whatever that looks like for you, whatever your faith or your spiritual, inclination might be, are you actually investing in that? And overall, you know, the way I see it is we’ve kind of defined these six forms of capital as actually a way to define wealth the way I like to define it, which is being holistically wealthy and truly wealthy from this standpoint.

But I could also describe this as your net worth in life. Because when you go to the grave, it’s not going to be about the number in your bank account. No one’s really gonna care about what that is. What are you going to be measured for?

What are you what are you actually going to be remembered for? It’s actually going to be for all of these other pieces of capital that you’ve had, which is why I think this is the true definition, really, of net worth. Because, again, think about some burnout public company CEO who might have a great 7 figure salary, but he’s used his human capital to be able to achieve that. And so he has actually burned all his matches in terms of his health.

He’s probably burned a lot of relationships to get there as well. So that is really not, you know, creating harmony in terms of all of these forms of financial capital. So the more you can start growing these other forms of capital and really investing in yourself, like I say, make that paradigm shift to understand your your greatest asset.

Anytime I’ve ever joined a mastermind, I have put myself out there in terms of leveling up by getting into different communities, increasing my relationship capital, reading books, listening to podcasts, watching YouTube things.

How can you constantly be investing in yourself? You’ll see that the money actually follows and becomes a barometer of your success and actually starts to grow in direct proportion with your net worth. Thanks for tuning in to our special solo series.

If this episode sparked something for you and you’re ready to learn more, head over to holisticwealthstrategy.com and download a free copy of my book. You’ll also get access to our investor community where we share exclusive educational content, new opportunities, and resources designed to help you accelerate your path to freedom. And if you wanna take it even further, book a call with our team to learn about our virtual family office services or join our mastermind group where we go deep into building true generational wealth.

I’ll see you on the next episode.

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