Winning at Life with Gregory Ricks

The Daily Wrap: 08.13.18


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02:01 - Winning at Life lost a friend of the show today. He was a good example of a guy who worked hard to develop his expertise, and used his success to help others. It's always impressive to see a guy who constantly stayed up-to-date in his field his entire career. Gregory stresses the power of constant self improvement, and how investing time in your own ability is crucial.

13:46 - Will a Saudi Prince bail out Tesla so it can go private? Gregory shares a report that the Saudi Sovereign Wealth Fund is estimated at about $2 trillion. Buying out Tesla for $80 billion would be nothing for them. Will they? Will it work?

22:34 - John Goodenough developed the lithium-cobalt breakthrough in battery technology 30 years ago. Now in his late 90s, he's working on the next generation.

26:41 - Do you need to have earned income to contribute to a 7702 plan? John in Violet asks Gregory if he can get some of his existed assets positioned for tax free income.

28:34 - Gregory goes into a lot more depth on how a 7702 plan works. How is it structured? How is it funded? How can it be used for tax free income? How is it different than a Roth IRA?

38:00 - Gregory gives some numbers on how a 7702 plan was set up.

http://www.WinningAtLife.com

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Winning at Life with Gregory RicksBy Winning at Life with Gregory Ricks