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Episode 281: Stop Playing Checkers With Your Money—Start Playing Chess
Are you playing checkers with your finances while the wealthy are playing chess?
In this episode of Grow Your Business & Grow Your Wealth, host Gary Heldt dives into a wealth-building conversation with Freddie Rappina, founder of Opta Financial, Chartered Financial Consultant, Accredited Investment Fiduciary™, and Retirement Income Planning Specialist.
With a rare background as both a retired Fairfax County police officer and seasoned wealth advisor, Freddie explains why traditional “just save and invest” advice keeps most people stuck in the middle class. He reveals how strategic debt, real estate, and business investments can transform your financial future, why taxes can be leveraged to your advantage, and how to shift your mindset from one of scarcity to one of abundance. This conversation challenges conventional wisdom and provides a blueprint for building wealth like the affluent.
5 Key Takeaways:
Mindset Matters: The wealthy approach money like a chess game—strategically leveraging resources—while most people are taught to play checkers.
Debt Can Be a Tool: When used to purchase income-producing assets, debt can enhance cash flow and reduce tax liabilities.
Assets Over Hours: Wealth isn’t built by working more; it’s built by owning assets that work for you.
The Tax Advantage: The tax code rewards those who invest in ways that benefit the economy, such as real estate and business ownership.
Saving Alone Isn’t Enough: Savings are essential, but they should be a stepping stone to investments that generate income and wealth.
Quotes from Freddie:
“Saving money by itself is not a good idea—it won’t make you wealthy.”
“The middle class is being taught to play checkers while the wealthy are playing chess.”
How to Reach Freddie:
Visit OptaFinancial.com and click the top right corner to schedule a consultation.
Learn more about your ad choices. Visit megaphone.fm/adchoices
View all episodes
By Gary Heldt
5
1313 ratings
Are you playing checkers with your finances while the wealthy are playing chess?
In this episode of Grow Your Business & Grow Your Wealth, host Gary Heldt dives into a wealth-building conversation with Freddie Rappina, founder of Opta Financial, Chartered Financial Consultant, Accredited Investment Fiduciary™, and Retirement Income Planning Specialist.
With a rare background as both a retired Fairfax County police officer and seasoned wealth advisor, Freddie explains why traditional “just save and invest” advice keeps most people stuck in the middle class. He reveals how strategic debt, real estate, and business investments can transform your financial future, why taxes can be leveraged to your advantage, and how to shift your mindset from one of scarcity to one of abundance. This conversation challenges conventional wisdom and provides a blueprint for building wealth like the affluent.
5 Key Takeaways:
Mindset Matters: The wealthy approach money like a chess game—strategically leveraging resources—while most people are taught to play checkers.
Debt Can Be a Tool: When used to purchase income-producing assets, debt can enhance cash flow and reduce tax liabilities.
Assets Over Hours: Wealth isn’t built by working more; it’s built by owning assets that work for you.
The Tax Advantage: The tax code rewards those who invest in ways that benefit the economy, such as real estate and business ownership.
Saving Alone Isn’t Enough: Savings are essential, but they should be a stepping stone to investments that generate income and wealth.
Quotes from Freddie:
“Saving money by itself is not a good idea—it won’t make you wealthy.”
“The middle class is being taught to play checkers while the wealthy are playing chess.”
How to Reach Freddie:
Visit OptaFinancial.com and click the top right corner to schedule a consultation.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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