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The Kelly Roach Show

KRS 815: How to Protect Your Wealth

The Kelly Roach Show

Kelly Roach

Business, Entrepreneurship

4.9965 Ratings

🗓️ 13 June 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

If you are building your wealth from the ground up, today's episode is going to teach you how to protect that, so you can do more good in the world, create generational wealth for your family, and not give the majority of your money back to the government in the process. 

 

These are principles that are not taught in school, but will help you raise awareness and knowledge around the things that should be in place in order to protect your wealth. 

Kelly discusses:

  • Living off of active income vs. passive income
  • The type of people you need to surround yourself with in order to make sure you have the right entities in place
  • Costly mistakes she made along the way

Connect with Kelly: 

Follow Kelly on Instagram.

Grab one of Kelly's bestselling books:

Unstoppable: 9 Principles for Unlimited Success in Business and Life

Conviction Marketing

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Kelly Roach Show, the place for no fluff easy to implement 20-minute or

0:08.9

less business and leadership lessons to help you build a sustainable business that scales.

0:15.6

Lead with integrity and create a lasting legacy.

0:19.6

I'm Kelly Roach, former NFL cheerleader and Fortune 500 executive turned 8 figure entrepreneur.

0:26.2

Let's get started.

0:29.7

If you're creating first generational wealth in your family, meaning that you are on

0:34.9

your way to becoming a high net worth individual, and you are not being passed down a framework

0:42.2

for wealth from your family, you are creating it for yourself, meaning you are self-made.

0:48.6

You are building your wealth from the ground up, which I know the vast majority of people

0:53.1

listening to this show are, so huge congratulations and kudos to you.

0:57.4

It's freaking amazing, you're changing your family tree, you're taking your family's

1:01.9

life in a whole new direction, but what I realize in this process is that we are not

1:08.5

given any education whatsoever around how to protect our wealth and how to set up the

1:16.4

right framework personally and professionally outside of our businesses to ensure that

1:23.0

we are able to create generational wealth, do strategic giving, do strategic gifting,

1:31.6

and not end up giving the vast majority of our money back to the government in the process.

1:36.8

For many of you that have begun to have success in your business, you've probably learned

1:40.7

the hard way what the pain of cutting 500,000 and a million dollar checks the government

1:45.9

looks like and feels like it's not the best, right?

1:49.8

And in the beginning everyone kind of starts off that way and then you quickly learn that

1:55.0

you need to begin to create structures for yourself to set things up that are going

2:00.7

to make a difference in the amount of taxes that you pay but also in your ability to give

...

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