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Investing On Purpose with JP Newman

Mar 4, 2024

In this insightful episode, JP shares his journey of building wealth through real estate, investing, and the lessons he's learned along the way. He discusses the importance of financial literacy, knowing your burn rate, and creating structures to protect your assets during economic shifts. JP breaks down the wealth pyramid, emphasizing the balance between liquidity, cash flow, and speculation. He also delves into tax strategies, asset protection, and estate planning. Beyond the financials, JP highlights the significance of cultivating a healthy mindset and defining wealth in terms of your own values, contributions, and legacy.

This episode is a must-watch for entrepreneurs seeking to build and preserve wealth while finding true fulfillment.

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00:00 - Introduction

01:25 - JP's journey and real estate syndication business

04:04 - The importance of financial literacy

05:02 - Step 1: Know what you want and plan for it
06:12 - Step 2: Determine your burn rate to live the life you want

07:18 - Step 3: Formulate your plan with allocated investment buckets

08:32 - The Wealth Pyramid: Liquidity, Cash Flow, and Speculation

18:45 - Formulas for liquidity and cash flow

23:05 - Favorite tax strategies: Captive insurance, solar credits, opportunity zones

29:38 - Life insurance for asset protection and borrowing

32:23 - Balancing asset protection and being bankable

33:17 - Estate planning and avoiding personal guarantees

35:09 - Legacy and values: Teaching kids about philanthropy

37:52 - Cultivating a healthy mindset and defining wealth beyond financials

39:47 - Mindset in the 50s: From success to significance

41:26 - Final takeaway: True wealth extends beyond financials