How To Build Wealth With Professional Money Manager Gil Baumgarten

How to handle risk to build your fortune

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Wealth-Building Tips you’ll learn today on The Sales Podcast…

• Got out of the brokerage business in 2010

• The Great Recession wiped out 97% of the value of his stock options

• Relief from the mental anguish

• They want to remain wealthy

• Focused on after-tax return

• The little guy stacks the deck against themselves

• Don’t get in a hurry

• Don’t chase shiny objects

• The worst thing is to win on a risky bet and parlay it only to lose

• He asked the top 100 brokers 25 key questions

• Financial trauma as a teenager

• “If it is to be it’s up to me.”

• Grit. Resolve. Bounce back.

• Wealth is the sum total of the money you don’t consume.

• You don’t want to be wealthy, you want to be perceived as wealthy.

• Stay in your lane for actionable insights

• We’re looking for short-term ego strokes

• Invest in yourself

• Tactical investing is tough

• “Suitability” does not mean “best”

• You must be proactive. Lean into risk in the face of risk.

• Minimum prices occur at the time of maximum uncertainty.

• Get a good CPA

Links Mentioned In The Sales Podcast

• Order “FOOLISH: How Investors Get Worked Up and Worked Over by the System“

• Visit Segment Wealth Management