107 - Don't Just Save - Build a Wealth Coordination Account

In this episode, Paul discusses the wealth coordination account and its goal to build assets and eventually lead to financial independence. We learn about the three pillars that comprise the wealth coordination account and how it can lead to massive wealth accumulation over time. Paul touches on the misconceptions many people have about savings as well as the importance of focusing on wealth building rather than savings. He speaks to passive income and its critical role in building wealth through the wealth coordination account. Finally, Paul reinforces the concept that money set aside for the wealth coordination account becomes catalytic and fundamentally shifts the way we think about money.    For full show notes and to download a FREE copy of the transcript for this episode, visit: http://fullcast.co/sfb-107 This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results. Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details: yourbusinessyourwealth.com