On this new episode of the Practical Wealth Show, Curtis May is joined by a very special guest, his friend and mentor Joe Pantozzi, to discuss the intricacies of the banking industry.
Curtis’s motto is that what you learn today, and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
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Show Notes
- The relationship between expenses and savings - 3:11
- Stop focusing on the net-net-net - 3:48
- Fixed costs - 4:44
- How to increase the net - 7:13
- The government, Wall Street, and Banks - 7:39
- Thinking like a business owner - 10:11
- Securing a profit - 11:58
- Banking is a process - 12:57
- Figuring out how banks work - 14:24
- Understanding mortgages - 15:19
- Wealth and wisdom through the banking process - 18:59
- Banks' motivations - 20:25
- Using your cash-flow in a smart way - 28:06
- Americans live for Fridays and weekends - 30:56
- How to build up wealth? - 33:01
- Creating wealth is creating cash-flow - 34:04
- The trip to Italy - 37:26
- A step towards freedom - 41:55
- The more capital you have, the more you can do - 43:13
- John recommends Robert Kiyosaki's books - 45:22
- Getting control of your cash-flow - 49:04
- How to control your "family bank" - 49:55
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