Episode 058: Investment Secrets You Probably Don’t Know with Author, Tom Phelan (The LIFE WORKS P...

Would you like to know how the SUPER WEALTHY invest their money?
Don’t miss this important episode. Build wealth faster, retire more securely, and learn what others don’t know about investing
Tom Phelan (“Fay-len”) Is the controversial author of numerous best-selling books:
* “The Reluctant Realtor Who Won’t Buy Investment Property©2021”* “A Teacher’s 403(b) - Why Is Real Estate Missing©2021”* “The Big IRA Gamble” and “401(k) Roulette ©2020”
Tom says estimates show 45 million people have invested $11 trillion dollars in IRAs and another 30 million 401(k)s Owners are gambling $8 trillion dollars in Wall Street. Wow, Wall Street “Fees” are almost incalculable on $18 trillion dollars with hundreds of billions being added annually.
From years of experience Tom believed far too many IRA and 401(k) Owners are apathetic about their Wall Street investments, a fact Wall Street counts on … a lack-of-personal involvement.
But there is hope Tom says, if people will listen and choose Wall Street alternatives to avoid the needless Risk of IRA and 401(k) funds. Armed with this new-found knowledge Tom will show people how to strategize how to retire years younger and with more retirement income dollars, possibly Tax Free Income dollars.
Oh and if you’ve ever had a dream of owning a vineyard in Argentina, Tom has a few 5-acre Boutique Malbec vineyards your IRA or Individual 401(k) can buy…no…he really does.
He says he has the solution for investing, living, and retirement, but only those who will step off their Hamster Wheel and listen.
TIME JUMPS FOR THE BUSY AND POWERFUL
00:00 Welcome to the Podcast!02:00 Why is conventional investing wisdom wrong? And why are tens of millions of people gambling their money away in 401ks and IRAS?03:11 The shocking truth about historical tax rates04:47 A case of two brothers and a comparison of Roth and Traditional IRAs06:08 There are no guarantees except this one…06:40 Myths and misconceptions of 401ks and IRAs11:17 The History of current investment vehicles19:20 Investments available to wealthy individuals that are unknown to the average person27:05 Why people default to traditional tax-deferred investment vehicles31:07 Why do you think people don’t know about these other investment options34:02 What Tom thinks of Dave Ramsey and Suze orman37:31 Why real estate and related tax loopholes are a more effective way of investing for retirement43:37 Audience Question: What about REITs? Are they better than owning physical property?46:54 A quick side by side pros and cons of real estate investment54:14 Audience Question: Where and how should we invest our money for the best return?56:40 Audience Question: Would you invest in cryptocurrency and electric car stocks and where would you put a thousand dollars or even $10,000?58:34 Closing thoughts and thanks
Audience Questions
* Actual REAL PROPERTY ownership or REITs? * Where and how should we invest our money for the best return? * What do you do when you live in an expensive area? How do you invest in Real Estate given that situation? * Would you invest in crypto currency and electric car stocks (like Tesla) and where would you put $1000 (or even $10,000) today?
To connect with Tom Phelan:
Websites: www.daretocomp... / email: [e-mail]
To connect with Mark Botros:
marble.app/mar...