- Ana's Newsletter
- Posts
- How To Build Wealth With Professional Money Manager Gil Baumgarten
How To Build Wealth With Professional Money Manager Gil Baumgarten
How to handle risk to build your fortune
Wealth-Building Tips you’ll learn today on The Sales Podcast…
Got out of the brokerage business in 2010
The Great Recession wiped out 97% of the value of his stock options
Relief from the mental anguish
They want to remain wealthy
Focused on after-tax return
The little guy stacks the deck against themselves
Wealth is the sum total of the money you don’t consume.”
Don’t get in a hurry
The worst thing is to win on a risky bet and parlay it only to lose
He asked the top 100 brokers 25 key questions
Financial trauma as a teenager
“If it is to be it’s up to me.”
Grit. Resolve. Bounce back.
Wealth is the sum total of the money you don’t consume.
You don’t want to be wealthy, you want to be perceived as wealthy.
Stay in your lane for actionable insights
We’re looking for short-term ego strokes
Invest in yourself
Tactical investing is tough
“Suitability” does not mean “best”
You must be proactive. Lean into risk in the face of risk.
Minimum prices occur at the time of maximum uncertainty.
Get a good CPA