Derek Nelson Discusses Building Wealth And Becoming Your Own Bank

Derek Nelson was this week's guest on Success Profiles Radio. After working for a decade at the New York Stock Exchange, he encountered financial difficulties and was forced to liquidate retirement and college savings funds. Then he sought to study successful people to learn why this happened to him and how he could help others not experience the same thing. He is the also author of the book, Financial Peace In A Post Pandemic World. We discussed using debt to create cashflow and financial freedom, what wealthy people do differently than everyone else, and what to do first when creating a financial plan. In addition, we discussed using whole life insurance to fund real estate and auto purchases, and why it's a great wealth building vehicle where you can borrow from it without qualifying and without tax consequences. Finally, we talked about how much money we need to retire comfortably, how to avoid outliving our savings, and so much more. You can subscribe on iTunes/Apple Podcasts, and you can listen at Success Profiles Radio | Live Internet Talk Radio | Best Shows Podcasts (toginet.com)