Mastering Financial Freedom: Tom Suvansri on Taxes, Investments, and Wealth Control Strategies

Richard Walsh chats with Tom Suvansri about achieving financial freedom. Tom shares his journey from corporate America and the lack of financial education in schools. They discuss strategies for managing personal wealth, minimizing taxes, and leveraging government incentives for business owners. The episode covers efficient capital management, tax-advantaged storage, and informed financial decisions. They explore investments in skills, business, and real estate, emphasizing financial planning and discipline. Also discussed are educating the next generation on money, the pitfalls of traditional retirement, and using money for collaborative success.

Speakers

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Richard Walsh

Host • 55%

Tom Suvansri

Guest • 45%

Chapters

0:00	Introduction to financial freedom and control
0:21	Sponsor: Sharpen the Spear Coaching
1:04	Guest introduction: Tom Suvansri
1:27	Tom Suvansri's corporate America journey and transition
2:53	Financial education deficit in schools
4:00	Controlling personal wealth
6:26	Taxes: Complexity and impact on wealth
11:49	Minimizing tax liabilities for entrepreneurs
16:03	Business owner and investor government incentives
20:12	Efficient capital storage and management
21:52	Tax-advantaged capital storage using life insurance policies
27:27	Financial decision control
28:35	Investment options: Skills, business, and real estate
34:35	Investing in hard assets and tangibles
36:00	Choosing financial advisors
41:09	Financial planning and investing discipline
42:20	Standard vs. quality of living
44:10	Overcoming instant gratification in investing
45:32	Money education for the next generation
48:04	Real estate and family collaboration
50:31	Traditional retirement pitfalls
52:03	Financial freedom and control significance
52:34	Money as a tool for leverage
53:03	Collaborative financial success strategies
54:07	Connecting with Tom Suvansri
56:02	Importance of podcast reviews
57:33	Value alignment in business
58:41	Closing remarks

Transcript

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