Episode 16: Building a Dream Team

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In this solo episode of Wealth Strategy Deep Dives, Dave shares one of the most powerful keys to building legacy wealth—creating your dream team. Too often, investors try to grow alone, but the ultra-wealthy know that scaling wealth requires surrounding yourself with experts who can help you protect, preserve, and multiply your assets.

Dave walks through the essential roles every investor should consider, from a functional medicine doctor and nutritionist who keep you performing at your peak, to proactive tax planners, asset protection attorneys, insurance strategists, and risk managers who safeguard your wealth. He explains why the right advisors should not just be at your level—but 10x above you—so you can accelerate your path to becoming your future self.

This episode challenges you to ask a game-changing question: If I were to 10x my wealth today, who would I need on my team to make that happen? The answer may transform not only your portfolio, but your entire life.

Ready to take the next step? Download a free copy of Dave’s bestselling book The Holistic Wealth Strategy at holisticwealthstrategy.com. You’ll also gain access to our exclusive investor community, packed with education, opportunities, and resources to accelerate your path to freedom.

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How’s 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. Oftentimes people ask me, Dave, what was one of the biggest keys to your success in investing?

And the answer is actually creating a dream team. One of the things that is so important around expanding your wealth is trying to expand that team that you have around you. One way to think about this is to say, if I were to 10x my wealth today, who would I need around me to be able to achieve that? Right? And you could look again from a holistic perspective.

For me, I think of it as health. Health is so foundational to everything that I do because if I didn’t have my health, I wouldn’t be able to do anything. So I have a concierge, world-class functional medicine doctor on my team. I have a nutritionist and sports coach that’s on my team helping me on the health side. I also think about my wealth in terms of creating a business around it because it is a family office for myself.

Right? And I encourage you to think about it the same way. So as a family office, what are the different dimensions or different perspectives you need to not only grow your wealth, but also to preserve it? That could be working with an asset protection attorney, maybe an estate planning attorney. Right?

Someone to help you preserve that. Is someone doing risk management and looking over the investments that you’re doing, making sure that you are not overly exposed? Do you have the proper insurance in place and an insurance team member to help you? That could be an infinite banking coach to make sure you’re getting as much velocity and use as possible out of an IBC policy. And again, making sure that you don’t have any unnecessary risk, depending on your role or what you have — or maybe you have kids, teenage drivers, things like that. So we always want to be thinking about preserving our wealth as well.

Another key player on the team that I love to talk about is having a proactive tax planner. And again, this is not someone who’s just filing your taxes and asking you for all of your statements and putting a return together. This is a strategic tax planner who understands how your life is arranged — where your income is coming from, where you are going in the future, and how you can really optimize your taxes to mitigate those. To be able to partner with the government and therefore pay the least amount in taxes, so you have additional capital to free up and put into investments that can pay off for you. So tax planning is also really key.

So again, let’s come back to that question to make this real for you. Maybe sit down after you’ve done a meditation or a great workout. I love to do my great thinking when I’m not distracted and not in a reactive mode, when I can be in a peak state. And just think about that question. This is such a great question to ask yourself: if I were to 10x my wealth today or 10x my life, what type of team would I need to be able to get there, to become my future self?

And an important distinction to note here is that oftentimes I see people taking advice from people who don’t necessarily have actual experience. People might say, well, I’ve used this estate planning attorney. He set up an irrevocable trust, and that’s working, but my brother-in-law set it up for me because I knew him and we just did that. Well, has he achieved the wealth that you have today or that you want to have? Or if you’re working with a financial planner, is she an accredited investor? Have they actually built wealth?

Are you taking all of your advice from someone who hasn’t even achieved your level yet? It’s important to actually create those team members that are 10x above you. Think about any top athlete, for instance. They’re taking coaching from people who are masters of the game, better than them, and that’s how you actually get better.

So don’t create this team with people that are at your level or below your level. You want to create the team that’s 10x above your level to help you get there. I hope this helps. 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 want to 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.