How A Lawyer Built A Billion Dollar Investment Firm | Edward Collins

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 23 October 2024

⏱️ 108 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Wealthy Way podcast, I sit down with Edward Collins, a lawyer specializing in tax, estate, and business law, who helps business owners outsmart the IRS and build wealth.We kick things off with Edward’s $3 billion following, discussing the core values of wealthy individuals and his journey from focusing on risk to preservation. He shares common financial planning mistakes and emphasizes the importance of financial literacy, especially since the public school system doesn...

Transcript

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0:00.0	You've obviously met a lot of rich people.
0:02.1	What are some things you've noticed about that?
0:04.0	Well, I think rich people have a all outcomes require actions to be taken.
0:08.9	So if you want to make a million dollars, solve a million dollar problem.
0:11.0	We want to make a hundred thousand dollar problem. We want to make ten thousand dollars. solve a million dollar problem. We're going to make a hundred thousand dollar problem.
0:13.4	We're going to make ten thousand dollars.
0:14.4	Solve a ten thousand dollar problem.
0:15.8	All money.
0:17.0	Every single dollar that exists follows value creation.
0:20.1	Because every dollar that you have should be given a job.
0:23.6	You have to invest in yourself.
0:25.0	Yep.
0:25.8	To get the skill sets that other people will say,
0:28.7	I love those skill sets.
0:30.1	Let me give you some money for them.
0:31.2	Pretty much everything I want in life is just on the other side of caution.
0:37.8	What's up, well builders? Today, I've got someone who currently manages over 2.6 billion dollars worth of wealth.
0:45.4	This man has built a social media following to over 3 million people in a little over a year.
0:49.9	I've got Edward Collins.
0:51.0	What's up, man?
0:52.0	Hey Ryan, how are you? Good good so you've got a lot of
0:54.8	businesses yes counting taxes entity structure wealth management now you're
	...

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