New Way to Secure Your Wealth: Trusts vs. Wills I Matthew Schloss DSH #509

Digital Social Hour

Sean Kelly

Self-improvement, Education

5.0 • 1.1K Ratings

🗓️ 21 June 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

🔒 **New Way to Secure Your Wealth: Trusts vs. Wills** 🔒 Tune in now for an eye-opening episode of the Digital Social Hour with Sean Kelly! 🚀 In this jam-packed episode, we dive deep into the game-changing differences between trusts and wills. Our special guest Matthew Schloss shares his incredible journey from foster care to financial freedom and unravels the secrets to safeguarding your wealth for generations. 💡💼 Discover why a trust is crucial if you own property or have kids under 18 and how it offers superior protection over a will. Matt doesn't just talk theory; he shares moving personal stories and insider tips that will change how you think about financial planning. From surviving the foster care system to building a financial empire, Matt's story is both inspiring and educational. 🌟 Don't miss out on this captivating episode packed with valuable insights. Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 Join the conversation and learn how to protect your assets, secure your family's future, and build generational wealth. Whether you're new to financial planning or looking to refine your strategy, this episode is a must-watch! 💪🌍 #DigitalSocialHour #SeanKelly #Podcast #Trusts #Wills #FinancialFreedom #WealthManagement #SecureYourWealth #SubscribeNow #FosterCareSystem #SuccessfulEntrepreneur #WealthBuilding #EstatePlanning #PassiveIncome CHAPTERS: 0:00 - Intro 0:40 - Matt's Childhood 3:20 - Why You Need a Trust 5:30 - How to Protect Your Assets 7:20 - How Much Money You Need to Retire 10:00 - Apply for the Digital Social Hour Podcast 14:07 - Traditional Retirement: 401ks and IRAs 17:50 - Chris and Family Investments 20:10 - Using Debt the Right Way 23:17 - Improving the Foster Care System 25:45 - Your "Why" Should Make You Cry 27:55 - Competition in Business 30:00 - Where to Find Matt 32:06 - Thanks for Watching APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: Jenna@DigitalSocialHour.com GUEST: Matthew Schloss https://www.instagram.com/money.myth.buster/ SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	America, we are endowed by our Creator with certain unalienable rights, life, liberty, and the pursuit of happiness.
0:08.0	At Grand Canyon University, we believe in equal opportunity, and the American dream starts with purpose.
0:15.0	By honoring your career calling, you impact your family, your friends, and your community.
0:21.0	The pursuit to serve others is yours.
0:23.0	Find your purpose at Grand Canyon University, private, Christian, affordable.
0:28.0	Visit G.EedU.
0:30.0	My dad's will was like 10 years old so he gave me a car I mean I didn't want anything anyways but yeah it was just like outdated right that's usually the problem you know we believe in working middle class that all you need is a will but when you
0:48.0	own a the many you own a property and you have kids that are under under 18 you need
0:51.1	the trust the trust is what protects everything.
0:53.7	Wherever you guys are watching this show I would truly appreciate it if you follow or
1:00.0	subscribe it helps a lot with the algorithm it helps us get bigger and better guests and it helps
1:04.8	us grow the team. Truly means a lot. Thank you guys for supporting and here's the episode.
1:11.1	All right guys from Foster Care to Millionaire. We got Matt Schloss here today. Thanks for coming on man.
1:15.0	Welcome to our thanks for having me. I'm happy to be here. Yeah, what a story that's that's not a common one man. Yeah, well you know I I started my life out really in poverty, this living downtown San Jose is where I was born, and in California.
1:28.0	And, you know, my parents and I were kind of hopping around from hotel to hotel and living in different cars and you know my parents were at that time
1:34.9	doing their best and it's from then on we know I wanted to foster care like around the age of four and
1:39.8	then from then until about age of nine is when I was finally back with my parents and
1:43.7	you know that that little span there kind of gave me a great view into what I
1:49.1	don't want for my family so I use that now to inspire people rather than asking for pity or anything.
1:54.6	It's more of like your past doesn't define you.
1:56.6	It can actually make you and you can rise up from what people have gone through.
2:00.3	That's powerful.
	...

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