Today is our first episode where Erin Nevicosi joins the Wealth Mavericks. Erin shares her past work experience and why she joined Terra Firma. She is the newest Wealth Maverick and we are excited to have her joining us each week!

 What are the 4 stages of an asset? Bob traditionally has only discussed 3 stages of an asset but today he discusses a fourth. Bob came up with what he calls the stages of an asset through many years of experience and researching. Bob loves to read and has read hundreds of finance books over the years.

The first stage of an asset is contribution. It is crucial to create a plan before making investment decisions. Each asset has pros and cons that are associated with them. You have to factor in return, tax consequences, time horizon of the investment, purpose for the asset (capital growth, income, main residence), etc.

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