Richard Walsh chats with Tom Suvansri about achieving financial freedom. Tom shares his journey from corporate America and the lack of financial education in schools. They discuss strategies for managing personal wealth, minimizing taxes, and leveraging government incentives for business owners. The episode covers efficient capital management, tax-advantaged storage, and informed financial decisions. They explore investments in skills, business, and real estate, emphasizing financial planning and discipline. Also discussed are educating the next generation on money, the pitfalls of traditional retirement, and using money for collaborative success.

(0:00) Introduction to financial freedom and control

(0:21) Sponsor: Sharpen the Spear Coaching

(1:04) Guest introduction: Tom Suvansri

(1:27) Tom Suvansri's corporate America journey and transition

(2:53) Financial education deficit in schools

(4:00) Controlling personal wealth

(6:26) Taxes: Complexity and impact on wealth

(11:49) Minimizing tax liabilities for entrepreneurs

(16:03) Business owner and investor government incentives

(20:12) Efficient capital storage and management

(21:52) Tax-advantaged capital storage using life insurance policies

(27:27) Financial decision control

(28:35) Investment options: Skills, business, and real estate

(34:35) Investing in hard assets and tangibles

(36:00) Choosing financial advisors

(41:09) Financial planning and investing discipline

(42:20) Standard vs. quality of living

(44:10) Overcoming instant gratification in investing

(45:32) Money education for the next generation

(48:04) Real estate and family collaboration

(50:31) Traditional retirement pitfalls

(52:03) Financial freedom and control significance

(52:34) Money as a tool for leverage

(53:03) Collaborative financial success strategies

(54:07) Connecting with Tom Suvansri

(56:02) Importance of podcast reviews

(57:33) Value alignment in business

(58:41) Closing remarks