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Money Tree Investing

Are You Focused On Growth Or Longevity In Your Portfolio? Interview With David Wolcott

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6658 Ratings

🗓️ 21 April 2023

⏱️ 42 minutes

🧾️ Download transcript

Summary

We interview David Wolcott this week where we discuss holistic financial planning and whether it is more important for your portfolio to be invested for growth or longevity. The answer might surprise you. Here's what you need to know...

For more information, visit the show notes at https://moneytreepodcast.com/david-wolcott-holistic-financial-planning-growth-vs-longevity

Today's Panelists:

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Transcript

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0:00.0

Welcome to the Money Tree Investing Podcast.

0:04.0

Stock market, wealth, personal finance, value stocks, invest in your life.

0:10.0

Hello, the Smart Money Tree Podcast listeners.

0:13.0

Welcome to this week's show.

0:14.0

My name's Kirk Chisholm and I will be your host.

0:16.0

So today we're joined with Dave Walcott.

0:18.0

How you doing today, Dave?

0:19.0

Doing great, Kirk.

0:20.0

Greatful to be here.

0:21.6

Before we kind of dive right in, when do you tell the audience a little bit about your background?

0:24.9

Yeah, sure. So probably like a lot of other listeners out there, started in a middle class family.

0:30.4

I was raised there and figured that basically the recipe for success was to go to school, get good grades, and that was the

0:41.3

path to success, right?

0:42.9

So I followed that conventional wisdom and ended up doing the ROTC program at GW and went

0:49.7

into the Marine Corps after that.

0:52.0

And in the Marines, I learned a ton of things, things they don't really

0:55.6

teach you outside of school, things such as leadership, integrity, and teamwork, these things

1:01.7

that you just can't really get anywhere else. After that, I transitioned into corporate America.

1:08.7

And for me, Kirk, it was a really tough transition, right? I really lost that

1:12.6

sense of purpose, that sense of mission. And, you know, it was really frustrating transitioning to

1:17.7

corporate. And at the same time, my wife and I actually had a toddler. And then on October 24,

1:23.9

2000, we actually had triplets. So literally quadrupled the size of our family. And so the first

...

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