#83: Playing the Wealth Game - Freddie Rappina
In this conversation, Luis interviews Freddie Rappina, a wealth advisor, about his unique approach to wealth management. Freddie emphasizes the importance of shifting from a checkers mindset to a chess mindset when it comes to building wealth. He explains that playing checkers involves traditional financial planning strategies like saving for retirement and paying off debt, while playing chess involves leveraging debt to invest in income-producing assets like real estate and businesses. Freddie also discusses the benefits of diversifying income streams and the importance of understanding the tax code. He shares insights on investing in real estate and buying businesses, and encourages listeners to question conventional financial advice and explore alternative investment options.
Takeaways
- Shifting from a checkers mindset to a chess mindset is crucial for building wealth
- Playing checkers involves traditional financial planning strategies, while playing chess involves leveraging debt to invest in income-producing assets
- Diversifying income streams and understanding the tax code are key to wealth building
- Investing in real estate and buying businesses are effective ways to generate income
- Questioning conventional financial advice and exploring alternative investment options is important
The World Famous Wayfinder 4
- Hack: Be willing to do the things you don’t want to do to get where you want to be
- Favorite: Baseball - Yankees
- Advice for younger self: Don’t follow the crowd
- Limiting Belief and how to overcome it: You have to know everything
Connect with Freddie at www.optafinancial.com and schedule a consultation
Get Freddie’s book: Playing the Wealth Game: The Strategies Behind Financial Move that Win
The Wayfinder Show host Information:
Luis Hernandez: Facebook, Instagram, LinkedIn, Twitter
Luis' Email: lhernandez@pioneergrouprealty.com
Todd Concienne:Facebook, LinkedIn
Todd’s Email: toddconcienne@gmail.com
We want to give a huge shout out to our friend, Jast Collum at 756 Productions, for creating our intro and outro music. This guy is a beast.
Please support this podcast by checking out our show sponsors:
Pioneer Group Realty - Real Estate Brokers and Advisors in Colorado - 720-445-5857 - 1325 S Colorado Blvd, Suite B-601, Denver, CO 80246
Ace Handyman Services - Franchise of professional handyman and other home services. If you are interested in Ace Hardware’s Home Services, connect with Todd at toddconcienne@gmail.com
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