Joining Tom on today's episode is estate planner Jim Burch. During this episode, Tom and Jim talk about how society has come to rely on the government more than ever for benefits, security, and financing. Death is a certainty, but the timing of it is not. Tune in to learn more about the basics of estate planning and how easy it can be to get something started.

Highlights

• 01:33 How he started with his business and venturing in entrepreneurship
• 03:22 Estate planning and business planning services discussion
• 07:29 Having the ability to scale your business
• 10:03 Creating a stress-free legal document process using estate planning software and state-specific documents
• 14:21 The importance of updating estate planning documents when moving to a new state
• 16:05 The role of HIPAA laws and Powers of Attorney for incapacitated individuals
• 20:55 The importance of estate planning
• 22:41 Getting into estate planning as a beginner
• 28:09 The difference between a will and a trust in estate planning
• 29:13 Process of transferring assets and getting signatures
• 31:31 Benefits of establishing a trust vs a will
• 32:21 Simplifying estate Planning
• 35:16 Different ways to connect to Jim Burch Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Jim Burch
• https://easylegalplanning.com/
• https://www.linkedin.com/in/jiburch

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With it still being early into the year 2023, Tom talks about how it's a good time of year to assess various areas of your financial life: Savings, growth, debt, cash flow, etc. Tom shares how he feels it's always prudent to think that things could change for the worse.

It's important to focus on what you can control, what you can influence, and what you cannot control. Tune in to listen as Tom explains how to assess those areas of your financial life.

Highlights

• 00:57 The reality of life
• 02:23 Are we prepared for what may come?
• 04:08 How to protect yourself and be prepared
• 07:42 Making sure that you're protected during the rainy day with having some extra cash
• 09:40 Reevaluating your debt situation
• 11:05 Cashflow as the life flow of our financial lives
• 12:59 Ways to add more value to your business
• 16:18 Prioritizing your basic goals for the year to help you prepare for what's coming Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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In today's episode, Tom is joined by Dave Zook from The Real Asset Investor as they discuss his entrepreneurial background and how it led him to have a $500K tax bill from his business. This pushed him to explore how others were reducing their tax bills which in turn got him into the Real Estate Multi-Family space. We are living in a crazy economic world with a threat of recession coming. Watch and listen to learn where you can invest to bring more benefits and certainty to your life. Tom and Dave provide you with a glimpse into alternative investments that are atypical and can bring cash flow and tax benefits.

Highlights

• 00:09 Who is Dave Zook?
• 01:20 How he got started in his journey of being an entrepreneur
• 04:33 Experience in real estate
• 08:32 Exploring alternative investments
• 11:57 Getting passive income as an alternative to reaching financial security
• 17:06 Investment strategies that Dave tried
• 19:01 Investing in different asset classes during the changing market conditions
• 24:35 Growth, income, and tax benefits through investment opportunities
• 25:32 Different asset classes for investing
• 28:10 Investing in natural gas funds Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Dave Zook
• https://www.therealassetinvestor.com/
• https://www.linkedin.com/in/dave-zook-63765a15

Call to Action Schedule a Call with Tom

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Serial Entrepreneur Marco Santarelli who started investing at the age of 18, joins the podcast today to talk about gaining financial freedom since he didn’t have it during his childhood. After building over 84 Doors in his real estate portfolio, many started asking him for help but he didn’t have the time. This is where his turnkey investing business began. He’s now helping others build financial freedom through real estate investing out of state. They discuss how others can invest in his business through a debt fund to loan money to him and his team to get sizable returns. It’s better than keeping money in the bank earning next to nothing. If you’re interested in real estate investing but don’t know where to start, this episode is for you!

Highlights

• 00:09 Who is Marco Santarelli?
• 00:26 How he grew up and what shaped him to think about business and finance
• 03:56 Getting a mentor
• 07:27 Learning from the experiences and failures in entrepreneurship
• 10:27 Marco’s real estate investing journey: From investing personally, buying 84 Doors to mentoring investors
• 13:26 Investing locally versus investing from afar
• 16:10 Exploring the benefits of market agnostic investing
• 18:50 Taking a top-down approach to real estate investing
• 22:08 High yield promissory notes to beat inflation
• 27:00 What their diversified investment portfolio overview looks like
• 30:32 Exploring the formula for a good life
• 33:20 Best places to reach out to Marco Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Marco Santarelli
• https://www.noradarealestate.com/
• https://www.linkedin.com/in/marcosantarelli 

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Today, Tom talks about the different ways Whole Life Insurance is a benefit for those concerned with taxes. The history of the tax code and how it's ballooned to thousands of pages makes it so that no one can read and understand the whole thing. It's important to reinforce the need to understand the tax code as a set of incentives; one being to protect our families so the government doesn't have to take them. Listen in and schedule a call with me to learn how WL Insurance can be a valuable asset to have if you're concerned with future taxes. It's important to be open-minded and take responsibility for your wealth and life.

Highlights

• 0:24 The history and impact of our biggest expense, taxes
• 3:23 Best place to store your cash
• 3:49 The benefits of using whole life insurance
• 7:01 Using your dollars for your life goals
• 7:54 Two ways to leverage your cash value in whole life insurance policies
• 11:06 Are death benefits income taxable?
• 12:59 The benefits of whole life insurance and Roth IRAs for estate planning

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

As Ben Franklin said, "Nothing is certain except death and taxes." In this episode, Tom shares two models that will help you think through a different approach to building financial freedom. How you use your dollars to maximize your life and create freedom, requires taking the necessary steps and assessing what you're currently doing. What are you doing today to build cash flow now to live the life you really want every day?

Highlights

• Exploring financial freedom and control. - 0:11
• The two models for building assets and achieving financial independence. - 3:36
• Exploring the velocity of money: Optimizing financial freedom and control. - 7:46
• Creating cash flow for financial freedom. - 9:18 Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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How to Listen: Subscribe on Youtube Listen on Spotify

Tom is joined by cybersecurity expert Joe Vitti as they talk about the importance of having the "defensive" side of our lives in a place that helps solidify our foundation of wealth building. In our very connected, tech-heavy world, the exposure is growing in diversity and size. It's important to own the responsibility and take steps to protect your assets. Listen to hear recommendations on how to bring increased awareness to this risk!

Highlights

• How Joe Vitti started in cybersecurity. - 1:30
• The most common risks in cybersecurity and the protection strategies that people should be aware of. - 3:14
• The importance of cybersecurity hygiene and password management. - 6:55
• Credit monitoring and endpoint protection. - 11:00
• Exploring the dark web and protecting your business data. - 13:06
• Monitoring the networks to protect against cyber attacks. - 16:42
• Undergoing cybersecurity awareness and training. - 18:00
• Identifying the potential risks and solutions. - 22:01
• New trends in the cybersecurity world to watch out for. - 24:02
• Cybersecurity risk assessment for business owners. - 26:57

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Joe Vitti
• https://impetra.com/
• https://www.linkedin.com/in/joe-vitti

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

Nothing is permanent, except change. We may have the best laid-out plans but what would happen that could change that?

In today's episode, Tom focuses on what stops people when it comes to changing their worries about what could happen. What if I can't make the premium contribution to my Family Bank? There are multiple options at your disposal such as using cash value to create assets that bring you income or borrowing against your policy to fund your premium until things solidify. These are just a few examples of where balance and flexibility lead to freedom in life and how having a Family Bank helps you get there.

Highlights

• The concept of impermanence. - 1:19
• What infinite banking is. - 3:13
• How you can continue funding your policy. - 5:39
• Storing cash as a strategy. - 9:03
• Exploring the different options for paying your life insurance premiums. - 14:00 Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

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Tom is joined today by fellow IBC practitioner Brandon Jenkins of Tier One Life Insurance where they talk about their shared values, core principles, and building the right habits and mindset in life. Continuously learning and focusing on what you can control combined with good habits, align with IBC and how it can be used with real estate and business. Control and freedom in life come from focusing on things you can control and impact.

Listen in to learn about stoicism and the obstacles in the way and how these things impacted Brandon's life. Hear about how he now manages his personal finances and IBC fits into his core principles and mindset control!

Highlights

• Who is Brandon Jenkins? - 0:02
• The journey to Tier One Life Insurance. - 2:48
• Working with different teams. - 5:10
• How he evolved in his business, his practice, and his life. - 7:38
• Guiding principles when running a business. - 10:50
• Knocking out the negative mindset during uncertain times. - 13:26
• How to be more resilient in life: The importance of mindset in overcoming obstacles. - 15:17
• Helping clients in the financial world. - 19:40
• The preferred way to invest money. - 25:41
• Wealth and money: What matters most?- 33:37
• Best place to interact with Brandon. - 35:07 Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Brandon Jenkins
• https://tieronelifeinsurance.com/
• https://www.linkedin.com/in/brandon-l-jenkins

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify

When the Powerball hits all-time highs, do you run and grab a few tickets with the hopes of "Maybe I'll get lucky this time"? It's fun to think about, but not a reality as the odds are never really in your favor. Conversely, it's not the most fun exercise to think about a certainty (dying) and what that might mean financially. Most don't talk about it or prepare for it. Did you know there are many ways to use your Death Benefit while living? You can use it to spend down other assets and reduce taxes, annuitize the policy to create a stream of income, or reverse mortgage (to name a few). Learn about how to maximize the impact while living and think differently about the death benefit while living.

Highlights

• Why is Powerball a craze right now? - 0:15
• Getting insurance while you're in your younger years. - 2:01 Retirement planning: Maximizing your life and passing on a significant amount of wealth to those you left behind. - 3:58
• Death benefits and asset coordination. - 4:31
• The benefits of having a death benefit in your life insurance policy. - 5;49
• Using your death benefit for your retirement. - 8:21
• Utilizing in a reverse mortgage. - 10:22
• Benefits of utilizing your pensions. - 11:57
• How charitable the main trust works. - 13:29
• Using your death benefit while you're still alive. - 16:00 Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify