Episode 31: Hiring a Bank Robber and Other Big Business Mistakes
Wealth Warehouse · The IBC Guys via Podcast Principles
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Show Notes
Join David Befort and Paul Fugere on Episode 31 of the Wealth Warehouse!
In life, you want to be able to say “yes” to opportunities - especially opportunities that can help you grow your money. IBC helps you do that, but that doesn’t mean your work is done yet.
In this episode Dave and Paul respond to a listener's question, “what does being well capitalized mean?”.
Drawing from a decade plus of experience, the guys give you their takes on different types of opportunities as well as their criteria for evaluating them. They also give you their 4 rules for business and reflect on mistakes they’ve made in the past.
Episode Outline:
(1:37) - Listener question, “What does being well-capitalized mean?”
(5:05) - Rule #1, Don’t put your capital at risk
(9:58) - Rule #2, return OF capital is more important than return ON capital
(14:49) - Know the people you’re in business with, “mind your business”
(16:07) - Rule #3, know what the risks are and how you can eliminate or mitigate those risks
(21:02) - What’s different for Dave and Paul? How do they utilize their money now?
(25:55) - Rule #4, don’t hire bank robbers
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email: