Build Your Wealth

What changes when the goal of investing becomes avoiding preventable loss instead of chasing the next big win?

Brad Costanzo joins me on Build Your Wealth for a candid conversation about investment losses, purchasing power, Bitcoin, real estate, private equity, and the difference between volatility and risk.

IN THIS EPISODE

• Why the objective can shift from getting rich to avoiding preventable loss • The role of an emergency cash buffer • Bitcoin and trophy real estate in a long-term asset strategy • Price volatility, dilution, fundamentals, management, liquidity, and competition • When private equity may or may not fit • Why skills, distribution, and defensibility matter in fast-moving markets

CHAPTERS

0:00 Cold open 0:46 Opening: Brad Costanzo's wealth-building framework 3:04 Why the monetary system changes the investing game 6:22 The hidden cost of holding cash 11:56 Losing everything and starting over 16:10 The case for Bitcoin and a long time horizon 19:28 Trophy real estate, Bitcoin, and cash 26:56 Build a cash buffer before taking more risk 28:08 The major risks every investor should examine 31:48 Investing in skills and resourcefulness 32:03 Private equity: reward, liquidity, and fit 40:36 AI businesses, competition, and protective moats 45:57 Resources and closing thoughts

CONNECT WITH BRAD COSTANZO

Website: https://bradcostanzo.com/ YouTube: https://www.youtube.com/@bradcostanzo Instagram: https://www.instagram.com/bradcostanzo/ X: https://x.com/BradCostanzo Facebook: https://www.facebook.com/BradCostanzoOfficial/ LinkedIn: https://www.linkedin.com/in/bradcostanzo/

JOIN THE COMMUNITY

Join the free Online Business Buyers Club, a private community for people who want to own proven, profitable online companies instead of starting from scratch: https://ecominvest.club/

CONNECT WITH JOSH

Website: https://www.joshscale.com YouTube: https://www.youtube.com/@joshscale Instagram: https://www.instagram.com/joshscale/

The views in this episode are personal opinions and do not constitute financial, legal, tax, or investment advice. Buying or operating a business is not a guaranteed or passive result. Outcomes vary. This episode does not promise income, returns, or wealth.

What if retirement is the wrong target? Garrett Gunderson joins me to lay out a different progression: build financial independence, become financially fit, and then focus on financial freedom.

In this episode of Build Your Wealth, we discuss recurring revenue, why money loves momentum, the line between investing and speculation, investing in your own knowledge and ability to create value, and the shift from scarcity to abundance. Garrett also explains why some tax problems are really income problems.

IN THIS EPISODE

• Defining financial independence through recurring revenue from assets • Why momentum matters when building wealth • How investor knowledge changes risk • Why the first investment may need to be in yourself • Moving from scarcity to abundance • Financial independence, financial fitness, and financial freedom

CHAPTERS

0:00 Cold open 0:19 Why money loves momentum 6:45 Moving from scarcity to abundance 8:39 When investing becomes risk and speculation 8:54 Turn the dollars inward and invest in yourself 23:22 Financial independence, fitness, and freedom 23:33 Defining financial independence 24:56 Financial freedom as a state of mind 26:58 When the tax problem is really an income problem

CONNECT WITH GARRETT GUNDERSON

Website: https://garrettgunderson.com/ YouTube: https://www.youtube.com/@GarrettGundersonTV Instagram: https://www.instagram.com/garrettbgunderson/ Facebook: https://www.facebook.com/garrettbgunderson TikTok: https://www.tiktok.com/@garrettgunderson_

JOIN THE COMMUNITY

Join the free Online Business Buyers Club, a private community for people who want to own proven, profitable online companies instead of starting from scratch: https://ecominvest.club/

CONNECT WITH JOSH

Website: https://www.joshscale.com YouTube: https://www.youtube.com/@joshscale Instagram: https://www.instagram.com/joshscale/

The views in this episode are personal opinions and do not constitute financial, legal, tax, or investment advice. Buying or operating a business is not a guaranteed or passive result. Outcomes vary. This episode does not promise income, returns, or wealth.

What if playing it safe creates its own financial risk?

Kris Krohn joins me on Build Your Wealth to challenge the default retirement playbook. We break down why people can follow the traditional path and still approach retirement with only a fraction of what they need. The conversation covers risk, real estate, passive income, cash flow, the home as an investment decision, and why the people you choose to learn from can shape your financial outcome.

IN THIS EPISODE

• Why avoiding every risk can create a different kind of financial risk • How to calculate whether your current path can reach your destination • How real estate and cash-flow opportunities can change the equation • Why ownership, action, and qualified guidance matter

CHAPTERS

0:00 Why risk is part of financial freedom 1:12 Building wealth with a clear destination 2:14 When the traditional retirement plan falls short 4:27 How real estate and passive income changed the path 9:07 The home as an investment decision 13:52 Taking ownership of income and cash flow 29:11 Be careful whose financial advice you follow 35:05 The decisions behind becoming a millionaire

CONNECT WITH KRIS KROHN

YouTube: https://www.youtube.com/@KrisKrohn Website: https://www.kriskrohn.com/ Instagram: https://www.instagram.com/kriskrohn/ Facebook: https://www.facebook.com/MentorwithKris/ LinkedIn: https://www.linkedin.com/in/mentorwithkris

JOIN THE COMMUNITY

Join the free Online Business Buyers Club, a private community for people who want to own proven, profitable online companies instead of starting from scratch: https://ecominvest.club/

CONNECT WITH JOSH

Website: https://www.joshscale.com YouTube: https://www.youtube.com/@joshscale Instagram: https://www.instagram.com/joshscale/

The views in this episode are personal opinions and do not constitute financial, legal, tax, or investment advice. Buying or operating a business is not a guaranteed or passive result. Outcomes vary. This episode does not promise income, returns, or wealth.