Savvy Financial Management: Taxes, Assets, Debt, Legacy | Tom Ferry Podcast Experience

The Tom Ferry Podcast Experience

Tom Ferry

Education, Self-improvement, Business

4.8 • 1.1K Ratings

🗓️ 22 August 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Savvy financial management for real estate agents is about a lot more than just bringing in money and writing off business expenses. It’s about being educated on how to make your money work for you so that you can ensure financial freedom and cement a legacy for the people you love even after you’re gone. In this episode of the Tom Ferry Podcast Experience, I’m talking with Toby Mathis, the President of Anderson Business Advisors, author of “Infinity Investing,” and one of the best tax attorneys on the planet. He’s sharing the secrets of savvy financial management which real estate agents can use to create real generational wealth. Stop wasting the money you make and start your journey to savvy financial management by watching or listening to this episode. Also, be sure to get your copy of Toby’s book, “Infinity Investing.”

Transcript

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0:00.0	Most people work their face off forever and end up with nothing at the end of the day.
0:05.6	I want you to be financially savvy, to have a great net worth, to have cash flow that covers all
0:10.6	your costs and allows you to have some financial freedom.
0:14.8	But the big one is I also want you to protect your assets so your family doesn't get
0:17.8	screwed if something goes wrong.
0:19.9	If you're up for that, that's what today's show is all about.
0:24.0	Hey, if you like this content, make sure you like and subscribe to the Tom Ferry channel.
0:30.0	Toby Mathis, thanks for being on the show, man.
0:32.0	Hey, welcome. Dude, I am so excited, you know, for my friend that just watched this, we've done each other, I want to say seven or eight years, but we really got connected more so in the last couple years when I was like Toby I'm struggling I help people make
0:44.6	oodles and oodles of money and and you know no one taught me about money growing up as a
0:51.0	kid we've done you know we've done some podcasts on this.
0:54.3	Today in 30 minutes or less, I want you to give us the best of what you got on being
1:00.8	financially savvy, which really is like tax illegal right which is how do we
1:05.0	create a larger net worth how do we get more cash flow and then like sort of that
1:09.0	philosophy process you have but the last one we got hit is I was telling you about a friend who she,
1:16.7	she thought she would live forever and she passed and her family is now in chaos because all of the assets are sitting inside probate and it's a disaster.
1:26.7	So I don't want that to happen to any of my clients.
1:29.2	So it's like going forward.
1:30.8	So which one should we start with?
1:32.3	Oh my gosh. Uh with the beginning where everybody's
1:36.2	starting, where they're working to make money. So they're trading their time for money.
1:41.1	Yes. So how do we become more financially savvy with the plan?
	...

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