Episode 18: Invest in Yourself: The #1 Wealth Strategy for High Achievers

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In this Wealth Strategy Deep Dives episode, Dave Wolcott unpacks one of the biggest common denominators among highly successful people: they invest in themselves first. From masterminds and personal development to daily habits like meditation, journaling, and fitness, Dave explains why focusing on your growth delivers the highest ROI—often 10x to 100x.

He also reminds us that success isn’t just about net worth. It’s about advancing consciousness, designing your life intentionally, surrounding yourself with the right people, and creating lasting impact. Money follows when you focus on building yourself, your habits, and your vision for the future.

Ready to take the next step? Visit holisticwealthstrategy.com to download a free copy of Dave’s book and join our investor community. You’ll also gain access to exclusive content, opportunities, and resources to accelerate your path to freedom. Book a call with our team or join our mastermind to go deeper into building true generational wealth.

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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.

When I look at my friends and peers at this stage, I’d say most of them are really successful. They’ve built sizable net worths, created good businesses, developed passive income, and are successful.

If we want to just synthesize it down to one word, I have successful friends who are grounded, real, and authentic. And yes, they’re successful, they’ve earned it, and they’ve worked hard.

When I look at my friend group and peer group and see the level of business and career success combined with financial success, I notice there are a few things they all share. I’d put myself in there too. I’m going to answer what I’ve noticed, but what do you notice with your successful peer group and those you spend time with? What is something that everybody is consistently doing?

Great question. I have a couple of comments here. First is the famous Jim Rohn quote: “You are the product of the five people that you spend the most time with.” Are those people elevating you or taking you down? That’s a very important distinction.

The other thing I’d really add—and I think this is so important—is that this is your chessboard, and you get to design it how you want to. Success is not necessarily what you see on social media. It doesn’t have to be about your net worth. Everyone listening to this podcast is actually in the global 1%.

So regardless of what your net worth or passive income number is, I really judge success for myself based on consciousness. How much am I advancing myself? How much am I serving others and creating impact?

The wealth that comes with it is just energy to propel my mission—to impact others, educate, and communicate.

What I see in common are all the things I do daily: cold plunging, meditating, journaling, practicing yoga, joining masterminds. All of this ties into the first phase of my Holistic Wealth Strategy—the number one common denominator being to invest in yourself as your greatest asset.

You will get a 10x to 100x return on investing in yourself. It’s about creating goals and then building positive habits that will achieve them. Interestingly, the money just shows up when you focus on the process. You can always make money. But these are the things you have to do the work on if you want to really elevate yourself.

You said two things there that I completely agree with, and I knew you were going to say them because they’re prerequisites for success based on my lived experience.

One is consciousness. My friends are conscious in the sense that they’re making decisions, looking at the future, designing their futures, and creating strategies to achieve goals. They are building and designing the lives and businesses they want. They take action, make mistakes, and ignore the noise. They consciously decide and move forward toward the vision of the future they’re after.

That is something every successful person I know has in common. There’s no waiting around—not waiting for the shiny penny, not waiting to win the lottery, not waiting for something to happen. They go out and make life happen.

The second is investing in yourself. Successful people travel the country on their own dime to go to events, meet people, and have conversations. They invest in their businesses to get an idea off the ground. They invest in their bodies because a healthy body requires commitment and investment.

And if we bring it back to financial terminology, investing means putting in time and/or money to get a positive return. Successful people do exactly that. They put themselves in environments with other high-level decision makers and achievers who they either are or aspire to be.

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.