ILAB 35 – Inflation, Wealth Management, and Scotch

Inflation, Wealth Management, and Scotch

“Pay yourself first – Spend less than you make”

     Dave Siegel     

Dave Siegel is a Financial Advisor from Northwestern Mutual who focuses on holistic Wealth Management and Financial Planning. He joins us together from his office in West Palm Beach, Florida to discuss 14 different asset classes and how inflation may affect each one. Looking to protect your assets from a hyperinflation scenario? We discuss the best investments and ways to hedge against inflation.

 

Listen to ILAB 35 on iTunes here or subscribe on your favorite podcast app.

 

iTunes Podcast

 

7651966_orig

 

 

ILAB 35 Show Notes


Dave’s Links:

Recommended Books:

Benjamin Graham: The Intelligent Investor
Tonny Robbins: MONEY Master the Game
Discussed:

 

Reference to US Purchasing Power 1913-2010!

Screen Shot 2017-01-08 at 5.49.22 PM

Show Notes:

05:00 – Dave’s background
06:30 – Learn your customer’s blueprint
09:15 – Maintain your income
12:40 – Scotch
14:05 – Inflation for individuals & government
16:13 – Stocks
18:49 – Bonds
19:22 – Real estate
21:30 – Driving down Palm Beach
23:30 – Charity walk across Ireland
24:30 – Offset the tax burden
25:15 – REIT pros and cons
28:48 – Precious metals
29:50 – Cash and emergency funds
34:00 – Distribution problem
36:00 – How advisors get paid
38:50 – Inflation protection securities
41:20 – Peer to peer loans
42:30 – Annuities and life insurance
50:00 – Brewery success
55:30 – Weight loss
57:15 – Cryptocurrency
59:00 – Sam’s fitness tips
1:00:20 – Rare art, cars, and domain names
1:01:50 – Life insurance
1:11:00 – Johnny’s plan for inflation
1:12:50 – Internet bank
1:14:45 – Christmas in Cuba with no money
1:22:30 – Sam’s Inflation concerns
1:24:35 – Fundrise fixed variables
1:26:40 – Inflation protection options
1:27:50 – Vanguard bond funds
1:29:00 – iTunes shout outs!

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here!

Copyright 2016. All rights reserved. Read our disclaimer here.