Today's episode of the Perennial Pride podcast, Tom dives into one of the most overlooked but essential concepts in wealth building: liquidity. With markets showing volatility and assets potentially overvalued, he breaks down why having access to capital—not just investments—is key to confidence, preparedness, and opportunity. Tom shares practical strategies he's personally used over the last year, including reassessing investments, unlocking equity, trimming expenses, and planning taxes proactively. Whether it's handling emergencies or striking when opportunities appear, this episode offers a grounded roadmap to fortifying your financial foundation.
02:00: The "Everything Bubble" and why timing markets doesn't work
05:00: Why liquidity creates calm, confidence, and optionality
07:30: Emergency funds vs opportunity funds
10:00: Selling assets strategically to unlock trapped equity
12:00: Exiting syndications and private investments for flexibility
14:30: Home equity, HELOCs, and planning before you need them
16:00: Alternative places to store liquidity
18:00: The three layers of liquidity explained
19:30: Warren Buffett's "tide going out" lesson
20:00: Final thoughts on preparation and long-term confidence
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