Episode 49: The Wealth Pyramid and Should You Contribute to Your 401k for the Match?
Wealth Warehouse · The IBC Guys via Podcast Principles
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Show Notes
Difficulty or success in life are decided, in large part, by how you build your wealth.
In today’s episode, Dave and Paul take a look at the book “Heads I Win, Tails You Lose” and the “Hierarchy of Wealth” concept it outlines.
This opens a much broader discussion on where most people traditionally “park” their money as well as how they look at risk. The guys also tackle each tier of the “Wealth Pyramid”, weigh in on a listener’s question on 401ks and more!
Episode Highlights
(0:00) - Introduction
(0:37) - Beginning of episode
(3:45) - Listener question on 401ks
(9:40) - Some context around “The Hierarchy of Wealth/Wealth Pyramid”
(10:45) - “Tier 1” of the pyramid
(13:06) - “Tier 2” of the pyramid
(15:14) - “Tier 3” of the pyramid
(18:55) - “Tier 4” of the pyramid
(24:26) - Being conservative vs. being “in the mainstream”
(29:43) - Paying more, paying more often
(31:25) - Episode wrap-up
"Why Dave quit his 401(k)":
https://www.linkedin.com/pulse/why-i-quit-my-401k-david-a-befort-jr-/
Is IBC for you? Use this link to schedule and intro call with us:
https://calendly.com/dave-743/wealth-warehouse-intro-call
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: