How To Build Wealth With Professional Money Manager Gil Baumgarten

How to handle risk to build your fortune

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Wealth-Building Tips you'll learn today on The Sales Podcast...

• Got out of the brokerage business in 2010
• The Great Recession wiped out 97% of the value of his stock options
• Relief from the mental anguish
• They want to remain wealthy
• Focused on after-tax return
• The little guy stacks the deck against themselves

Wealth is the sum total of the money you don't consume.”

• Don't get in a hurry
• Don't chase shiny objects
• The worst thing is to win on a risky bet and parlay it only to lose
• He asked the top 100 brokers 25 key questions
• Financial trauma as a teenager
• "If it is to be it's up to me."
• Grit. Resolve. Bounce back.
• Wealth is the sum total of the money you don't consume.
• You don't want to be wealthy, you want to be perceived as wealthy.
• Stay in your lane for actionable insights
• We're looking for short-term ego strokes
• Invest in yourself
• Tactical investing is tough
• "Suitability" does not mean "best"
• You must be proactive. Lean into risk in the face of risk.
• Minimum prices occur at the time of maximum uncertainty.
• Get a good CPA

Links Mentioned In The Sales Podcast

• Order "FOOLISH: How Investors Get Worked Up and Worked Over by the System"
• Visit Segment Wealth Management