Hey there, have you ever wondered what the difference is between defensive and offensive wealth strategies? Well, in this episode of our podcast, Camilla Jeffs breaks it down for us.
Camilla stresses the importance of defensive strategies such as appropriate insurance, saving and investing at least 20% of gross income, minimizing taxes, and seeking wise investment advice. She advises against scaling too much too fast and stresses the importance of having a system in place to manage money, including insurance, asset protection, investing, debt management, spending, giving, and estate plans.
The key takeaway from this episode is that every investor must manage their risk well and craft a portfolio that allows them to take bigger risks without fear. So, whether you're just starting out or you're a seasoned investor, tune in to this episode to learn how to manage your wealth effectively.
Episode Timeline:
[00:52-02:48]
• Importance of defensive wealth strategies
• Examples of defensive wealth strategies
• Steps to obtain offensive wealth strategies
[09:35-10:31]
• The varying levels of risk tolerance when it comes to investing
• Importance of building a portfolio with a firm foundation and tight risk management
• Defensive strategies are important to manage money
[11:37-19:13]
• Scaling your portfolio is important to build real wealth, but timing is crucial
• Scaling incrementally is okay, and leveraging other people's experience can be powerful
• Tips for building a real estate portfolio
Episode Highlight
Every investor needs to not only manage their risk well, but you need to craft the kind of portfolio that allows you to take bigger risk without fear. - Camilla Jeffs
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Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass!
https://steadystreaminvestments.com/masterclass/
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https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ
https://www.linkedin.com/company/steady-stream-investments
===
Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass!
https://steadystreaminvestments.com/masterclass/
Follow us at
https://www.facebook.com/steadystreaminvestments
https://www.instagram.com/quietwealthcommunity/
https://www.tiktok.com/@quietwealth
