Lifestyle Protection
from Behind The Wealth Podcast
In this episode of Behind the Wealth, Dimitri talks about lifestyle protection. In everything we do, there is an effect, for every action there is reaction. And for example, we use the example of buying a property, it doesn't matter if this is property is our first home or it is an investment property. At the end of the day, we consider this transaction of buying a property, a financial transaction, and this have certain risks related to this financial transaction. Don't forget buying a property for you to live as a primary residency, I although it is a necessity, because otherwise you need to rent the property. But on the other side is still is the financial transaction that we want to have the maximum benefit, and also mitigate or minimize any risk associated with this financial transaction. And this is the reason also, and this is one of the steps of building and creating wealth that in every step we do, you need to calculate or somehow I have a real good concept of what is the potential risk accommodate to this different scenarios that we can protect that or minimize this risk, and then take an action to go forward or not.
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