Building Wealth Through Income | Steve Selengut | Ep 187

Welcome to Better Business, Better Life. Join Host Debra Chantry-Taylor is joined by seasoned investor Steve Selengut, The Income Coach, who brings over 40 years of investment experience.  Steve shares insights from his journey, starting at age 25, and emphasises on focusing on generating income rather than market value. He advocates for using closed-end funds for high yields and diversification, highlighting the importance of setting profit targets and avoiding emotional investment decisions.  In this episode, Steve also discusses his latest book, "Retirement Money Secrets," which offers practical advice on income-producing investments and risk management strategies. Tune in to learn how to build a stable income stream through smart investing.  HOST'S DETAILS: ___________________________________________ ►Debra Chantry-Taylor is a Certified EOS Implementer | Entrepreneurial Leadership & Business Coach | Business Owner ►See how she can help you: https://businessaction.co.nz/ ____________________________________________  GUESTS DETAILS:  ____________________________________________ ► https://theincomecoach.net/ ► Steve Selengut - LinkedIn    Chapters:    00:42 - Introduction and Host Welcome  02:03 - Steve Selengut's Background and Investment Philosophy 06:13 - Investment Journey at Age 25 09:03 - Steve's Business and Transition to Coaching 11:17 - Focus on Income Over Market Value 15:09 - Introduction to Closed-End Funds 24:10 - Investment Strategies and Quality Control 28:20 - Managing Risk and Setting Profit Targets 32:38 - Top Tips for New Investors 38:01 - Steve’s Memorable Experience in New Zealand