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Capitalism.com with Ryan Daniel Moran

The Wealth Pyramid: How To Be Financially Free w/ Sam Prentice

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 21 August 2023

⏱️ 62 minutes

🧾️ Download transcript

Summary

You don't need to wait 20 or 30 years to get financial freedom from retirement or a pension plan. Today in 3-5 years you can grow and sell a business that will set you up for life. But while entrepreneurs are great at making money, they aren't always great at growing it exponentially over decades.

 

That's where Sam Prentice comes in. Sam talks about achieving Security, Liquidity, and Cashflow in what he calls a "wealth pyramid" by using smart strategies that will keep your money safe while funding your lifestyle.

 

If Ryan had known what they share in this podcast while he was building his business he says he would have paid way less in taxes, had a way more secure future, and he would have had way passive income from the way he invested after selling his brand.

No matter where you are at in your journey, this is one you won't want to miss!

 

To learn more about creating your own path to $1 million sign up for our FREE 30 day mini series at:

http://www.Capitalism.com/Million

 

Timestamps

(0:00) - Intro 

(0:40) - Ryan Introduction 

(3:20) - Ryan interviews Sam Prentice

(5:00) - How Sam & Ryan Became Business Partners

(6:45) - The Main Challenge Entrepreneurs Have Investing 

(8:20) - The Wealth Pyramid Explained

(14:50) - How To Grow Wealth And Stay Liquid

(16:50) - Why Liquidity Is So Important

(21:15) - Cashflow Explained 

(28:10) - The Psychology Of Wealth And Cashflow 

(36:10) - When To Diversify vs. When To Concentrate 

(41:15) - The Capitalism Fund Explained 

(49:50) - Example: How To Invest After A $2M Exit 

Transcript

Click on a timestamp to play from that location

0:00.0

If you have a long time horizon and you do things well, you can build up a nest egg of tens,

0:05.2

if not hundreds of millions of dollars that want to rewire your listeners break.

0:10.7

The ultimate goal of entrepreneurship is to stay in your state of creativity.

0:14.4

Oh, I wish I had known you before I sold my company.

0:18.1

So a $2 million exit is very, very simple. It's very attainable.

0:21.6

To double click back, though, on the idea of the $100,000.

0:23.6

Just so you know, we forgot to announce the beginning of the show.

0:26.6

We're doing a drinking game. Every time you say double click, you have to take a shot.

0:29.6

I think we're at nine. No, I'm kidding. Fair enough.

0:31.6

I'm hammered. I like it.

0:34.6

Oh, dear.

0:40.0

Financial freedom is the goal, and you do not need to wait 20 or 30 years to have retirement

0:47.9

or a pension give you financial freedom.

0:50.9

You can have financial freedom in three to five years. I'm the guy that you come

0:56.2

to when you want to start a business that you can grow to a million dollars or have an exit.

1:01.5

But the person that I've invited on to the podcast today is the person that I go to when

1:06.6

it comes to planning for financial freedom. I'm going to be joined by my business partner, Sam

1:12.0

Prentice. He's my partner at the Capitalism Fund, where we give capital to entrepreneurs who are

1:17.7

following my playbook to building million dollar businesses. But he's also the person that I go

1:22.5

to when I want to defer taxes, or I want to evaluate an an investment or I want to see how to structure

1:30.8

my money so that I have passive income and a long-term secure financial future.

1:37.3

Someday, you will likely have an exit on your business. If you work with us inside the 1%

...

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