Perennial Pride

Episode Summary Balancing "offense vs. defense" in your financial life to build resilient, optimized wealth It uses a sports analogy (especially basketball/March Madness) to explain how: Offense = wealth-building activities (investments, income, growth, assets) Defense = protection and structure (tax strategy, insurance, liquidity, risk management, debt strategy) Key ideas include: Most people over-focus on offense (growth) because it's more exciting The defensive side is overlooked, but it's what protects and amplifies long-term success A strong financial system requires coordination, not silos Defensive strategies (like tax efficiency, liquidity, and proper use of debt) can actually fuel offensive growth Financial success isn't about extremes—it's about intentional balance and integration Working with a coordinated team of advisors is critical to avoid fragmented decision-making At its core, the episode is about: Designing a financial system where every dollar works smarter—protected, positioned, and productive. Links & Resources HOME - Perennial Pride Keywords Wealth Strategy Financial Planning Taxes Investing Risk Management Cash Flow Liquidity Debt Strategy Insurance Wealth Building Personal Finance Asset Allocation Financial Freedom Capital Efficiency Money Mindset Episode Highlights 00:00–01:00 – Tax season stress and the sports analogy introduction 01:00–02:00 – Why offense vs. defense applies to financial life 02:00–03:00 – The overemphasis on investing and growth ("offense") 03:00–04:30 – What "defense" really means: protection and structure 04:30–05:30 – Taxes as the biggest hidden expense and opportunity loss 05:30–06:30 – The importance of insurance and risk protection 06:30–07:30 – Liquidity: the overlooked key to seizing opportunities 07:30–08:30 – Strategic use of debt as a growth accelerator 08:30–10:00 – How poor coordination creates financial fragility 10:00–11:30 – Using tax strategy to fuel future investments 11:30–13:00 – Life insurance as both protection and financial asset 13:00–14:30 – Leveraging assets like home equity strategically 14:30–16:00 – Real-world example: borrowing vs. selling assets 16:00–17:30 – The dangers of being too aggressive or too conservative 17:30–19:00 – Why coordinated financial systems outperform siloed strategies

Episode Summary In this episode of the Perennial Pride Podcast, Tom Suvansri sits down with philanthropic advisor Barron Damon to explore a topic often overlooked in financial conversations: how we use our wealth for good. With over 20 years of experience in the nonprofit and philanthropic space, Barron shares his personal journey into philanthropy, sparked by a life-altering event that reshaped his perspective on empathy, purpose, and impact. Together, they unpack common misconceptions around giving—especially the belief that philanthropy is only for the wealthy—and introduce a more intentional framework: values + resources + strategy = impact. The conversation dives into how individuals and families can approach giving more proactively, the importance of defining a personal "philanthropic why," and how advisors can shift from transactional relationships to transformational ones by integrating philanthropy into financial planning. They also discuss the upcoming generational wealth transfer, the role of family values in preserving legacy, and how structured giving can strengthen relationships across generations. This episode offers both a philosophical and practical guide to building a legacy that goes beyond money. Links & Resources perennialpride.com Home - Business of Life CC   Keywords Philanthropy Wealth Management Legacy Giving Financial Planning Generational Wealth Values-Based Investing Impact Strategy Nonprofit Personal Development Family Wealth Financial Advisors Purpose-Driven Wealth Social Impact Legacy Planning Episode Highlights 00:00–01:02 – Why philanthropy is often missing from wealth conversations 01:02–02:58 – Barron's life-changing experience that led him into philanthropy 02:58–04:27 – Defining philanthropy as "the love of mankind" 04:27–05:20 – Common misconceptions: philanthropy is not just for the wealthy 05:20–07:01 – The "business of giving" and why structure matters 07:01–08:17 – Moving from reactive to intentional giving 08:17–09:59 – The framework: values + resources + strategy = impact 09:59–11:35 – Why most people lack a clear philanthropic "why" 11:35–13:04 – Teaching giving as a family value and building generational habits 13:04–14:44 – Creating a family mission statement around giving 14:44–16:02 – How to discover your philanthropic passions 16:02–17:47 – The emotional connection: what you love and what frustrates you 17:47–19:34 – Advisors shifting from transactional to transformational relationships 19:34–21:41 – Philanthropy as a tool to deepen client trust and connection 21:41–24:08 – Navigating generational wealth transfer and differing values

Summary In this episode of the Perennial Pride Podcast, Tom Suvansri dives into the realities of tax season and the growing risks taxpayers face from fraudulent schemes. Using the IRS "Dirty Dozen" list as a foundation, Tom breaks down common tax scams—from phishing attempts to misleading social media advice—and explains how easily individuals can fall into costly traps. More importantly, he shifts the conversation toward what good tax planning actually looks like. By focusing on economic substance, legal grounding, and proper implementation, Tom outlines how individuals and business owners can approach taxes strategically and ethically. From real estate depreciation to charitable giving and business structuring, this episode offers practical insights to help listeners reduce taxes the right way—while staying compliant and aligned with long-term financial goals. Links & Resources perennialpride.com  Keywords Tax Planning IRS Dirty Dozen Tax Scams Phishing Social Media Tax Advice Ghost Tax Preparers Tax Credits Charitable Giving Real Estate Depreciation Cost Segregation Bonus Depreciation S-Corp Strategy Business Structuring Economic Substance Tax Compliance Episode Highlights 00:00–00:40 - Introduction and the chaos of tax season 00:40–01:21 - Why tax season is a great time to start planning 01:21–02:10 - Overview of the IRS Dirty Dozen tax scams 02:10–03:06 - Difference between tax planning and tax fraud 03:06–04:16 - IRS impersonation scams and phishing tactics 04:16–06:03 - How the IRS actually communicates with taxpayers 06:03–07:11 - Dangers of social media tax advice and misinformation 07:11–08:09 - Misuse of self-employment tax credits 08:09–09:12 - Risks of ghost tax preparers and unlicensed advisors 09:12–10:36 - Improper use of tax credits like fuel tax credits 10:36–12:09 - Inflated charitable deductions and appraisal manipulation 12:09–13:46 - Why tax planning is encouraged when done correctly 13:46–15:13 - Three pillars of good tax strategy: substance, law, execution 15:13–17:07 - Real estate depreciation and cost segregation explained 17:07–18:39 - Bonus depreciation and accelerating tax benefits 18:39–20:10 - Charitable giving strategies and donor-advised funds 20:10–21:20 - Business structure strategies like S-Corp elections 21:20–22:52 - Retirement plans and income/expense timing strategies 22:52–24:24 - Questions to ask before implementing any tax strategy 24:24–25:42 - Importance of a team: CPA, attorney, and advisor 25:42–26:43 - Final thoughts on aligning tax strategy with life goals  

Summary Real estate investing often seems complicated for those who are busy running businesses or managing their careers. In this episode, host Tom sits down with Neil Timmins, founder of Little Guy Loans, to unpack two major paths into real estate: becoming an operator (fixing and flipping properties) or becoming the lender behind those deals. Neil shares insights from more than 20 years in the industry, including experience as a real estate agent, investor, flipper, landlord, and now private lender. The conversation explores how investors can get started, what separates successful operators from struggling ones, and why buying the property right is the most important decision in a fix-and-flip deal. The episode also dives into the often overlooked role of private lending in real estate. Neil explains how lenders structure deals, manage risk, and protect their capital through underwriting and loan-to-value ratios. He also explains how investors can participate in private credit opportunities and what they should evaluate before allocating capital to real estate lending. Whether you're considering active real estate investing or looking for alternative investment strategies beyond traditional markets, this episode offers a practical look at how both sides of the real estate equation work—and how to determine which path might be right for you. Links & Resources [email protected] perennialpride.com  Keywords Real estate investing Fix and flip strategy Private lending Real estate lenders Loan to value Real estate underwriting Property flipping Private credit investing Alternative investments Passive income real estate Real estate capital Property rehab investing Real estate deal analysis Investor risk management Real estate financing Episode Highlights 00:00–00:36 - Introduction to the episode and the topic of getting started in real estate investing 00:36–01:15 - Meet Neil Timmins and his experience in real estate and lending 01:15–02:26 - Neil's career path from banking to real estate agent and investor 02:26–03:18 - Launching Little Guy Loans and the philosophy behind supporting Main Street investors 03:18–05:18 - Comparing risk between flipping properties and lending on real estate deals 05:18–07:30 - Why successful flippers focus heavily on buying the property correctly 07:30–09:14 - The importance of project management, contractors, and sticking to a renovation plan 09:14–10:50 - How lenders evaluate deals and ensure borrowers have realistic projections 10:50–12:02 - Why lenders must avoid setting borrowers up for failure 12:02–14:22 - Common mistakes flippers make and how they lose money on deals 14:22–15:30 - Treating real estate investing like a business rather than chasing big wins 15:30–17:04 - Understanding how private lending works in real estate transactions 17:04–18:42 - What it means for lenders to hold first position on a property 18:42–20:22 - How loan-to-value ratios create protection for lenders 20:22–21:36 - Structuring deals to reduce risk in real estate lending 21:36–23:01 - How private lenders move faster than traditional banks 23:01–24:47 - Who is best suited for active investing vs. lending capital 24:47–26:24 - How investors can participate as private lenders without managing properties 26:24–27:33 - Where private credit fits inside a diversified investment portfolio 27:33–29:00 - Risks investors must understand before lending privately 29:00–30:17 - Liquidity considerations when investing in private real estate deals 30:17–31:19 - The importance of knowing the operators behind private investments 31:19–33:20 - Final thoughts and where listeners can learn more about Little Guy Loans

Episode Summary In this reflective episode of Perennial Pride, Tom Suvansri shares lessons sparked by a college visit trip with his son — and how that experience became a powerful metaphor for life, finances, and long-term fulfillment. Tom explores the idea that life is a compounding journey shaped by daily decisions. Whether in finances, health, relationships, or personal growth, the choices we make today determine whether life becomes easier or harder tomorrow. The episode challenges listeners to rethink comfort, discipline, and planning by asking a simple question: Are you choosing easy now — or freedom later? Through practical examples and personal stories, Tom explains why discipline, planning, education, and intentional discomfort are essential tools for building resilience, wealth, and meaningful success over time. Ultimately, this episode is about embracing the right kind of hard — the kind that compounds into freedom, confidence, and fulfillment in the future. Links & Resources perennialpride.com  Keywords Compounding growth Long-term thinking Financial discipline Life planning Personal development Delayed gratification Wealth mindset Financial education Decision making Comfort vs discipline Planning vs reacting Stoic philosophy Personal responsibility Intentional living Freedom through discipline Mindset growth Family and legacy Resilience building Behavioral finance Self-improvement Episode Highlights 00:00–01:25 - A college visit sparks reflections on life transitions and growth 01:25–02:45 - Life as a compounding journey rather than an overnight destination 02:45–03:39 - Easy choices today vs hard consequences tomorrow 03:39–04:33 - Studying, training, and saving as examples of compounding effort 04:33–05:37 - Planning versus reacting in financial and personal decisions 05:37–06:33 - Discipline as the foundation of freedom and resilience 06:33–07:20 - The hidden cost of being "cheap" in life and finances 07:20–08:22 - When short-term savings create long-term expenses 08:22–09:12 - Paying for expertise, planning, and guidance as investments 09:12–10:22 - Education and coaching as lifelong growth tools 10:22–11:14 - Applying compounding principles to health and relationships 11:14–12:25 - Avoiding hard conversations and long-term relational costs 12:25–13:13 - Why humans naturally choose comfort and ease 13:13–14:13 - Fear, unfamiliarity, and financial avoidance 14:13–15:15 - Ego as a barrier to learning and growth 15:15–16:11 - Growth requires discomfort and effort 16:11–17:19 - Practical decision filter: choose the harder path intentionally 17:19–18:29 - Thinking about future costs before making decisions 18:29–19:34 - Getting comfortable being uncomfortable 19:34–20:22 - Building mental resilience through small challenges 20:22–21:08 - Designing decisions around long-term vision 21:08–22:03 - Discipline vs regret: both are hard — choose wisely 22:03–23:05 - The hard choices today that create freedom tomorrow  

Episode Summary In this episode, host Tom Suvansri sits down with Josh Gilmore, SVP at SDIRA Wealth, to explore how real estate investing can serve as a long-term pathway toward financial independence. Drawing from personal experience and over a decade working with investors, Josh explains how direct ownership of rental properties can create predictable income, tax efficiency, and protection against market volatility. The conversation moves beyond traditional retirement planning and reframes wealth as the ability to work by choice rather than necessity. Together, they discuss why single-family rental properties remain attractive in today's economic environment, how investors can leverage financing strategically, and why market selection matters more than timing the market itself. Listeners will gain insight into cost segregation and tax advantages, the realities of building generational wealth, and how full-service real estate investing models help busy professionals participate in real estate without managing day-to-day operations. Ultimately, the episode highlights education, intentional planning, and long-term thinking as the foundation for sustainable financial freedom. Links & Resources SDIRA Wealth | Boost Your Real Estate Investments perennialpride.com  Keywords Real Estate Investing Financial Freedom Passive Income Rental Properties Cash Flow Investing Single Family Rentals Cost Segregation Tax Strategy Wealth Building Long-Term Investing Financial Independence Income Replacement Inflation Protection Property Ownership Real Estate Development Investment Strategy Generational Wealth Alternative Investments Portfolio Diversification Investor Education Episode Highlights 00:00–01:35 - Introduction and purpose of financial education beyond money 01:35–02:40 - Josh Gilmore's journey into real estate after the financial crisis 02:40–04:32 - Evolution of SDIRA Wealth and adapting through market cycles 04:32–06:06 - Defining financial freedom through income replacement 06:06–07:39 - Moving beyond job-based income toward asset ownership 07:39–09:24 - Why direct ownership differs from stocks and syndications 09:24–11:59 - Benefits of new construction properties and reduced maintenance risk 11:59–13:49 - Real estate as a long-term and generational wealth strategy 13:49–16:12 - Market selection and evaluating economic resilience 16:12–18:41 - Choosing stable markets and avoiding volatility traps 18:41–21:04 - The full-service investment model explained 21:04–23:28 - Ownership control and investor peace of mind 23:28–25:13 - Tax advantages and cost segregation strategies 25:13–28:05 - The rise of a renter nation and housing affordability trends 28:05–30:23 - Institutional investors and future housing dynamics 30:23–31:47 - Who real estate investing is best suited for 31:47–33:31 - Education-first approach to investor decision making 33:31–35:57 - Final advice: take action through learning and informed decisions

EPISODE SUMMARY Taxes are not a once-a-year inconvenience. They are a system that quietly influences nearly every financial decision you make — how you earn, how you save, how you invest, how you use your money, and how you transfer wealth to the next generation. In this episode, we break down the five stages of wealth where taxes play a critical role: How you earn How you save How you invest How you distribute income How you transfer wealth Most people approach taxes reactively — filing returns in April and moving on. But the tax code is not broken. It simply rewards those who understand it and plan accordingly. From W2 income and business ownership… to retirement distributions, Roth conversions, Medicare coordination, estate planning, and even the "buy, borrow, die" strategy — this episode provides a high-level roadmap for thinking more strategically about taxation across your lifetime. Because keeping more of what you earn legally is not about avoiding taxes. It's about designing your financial life intentionally. LINKS & RESOURCES perennialpride.com  KEYWORDS Tax planning Proactive tax strategy W2 income taxation Business ownership benefits Tax efficiency Cash flow design Roth conversions Opportunity Zones Capital gains strategy Tax deferred accounts Medicare coordination Social Security taxation Estate planning Probate avoidance Buy borrow die strategy Wealth transfer Trust planning After-tax returns EPISODE HIGHLIGHTS 00:00–01:10 - Tax season reminder: why taxes feel seasonal but impact you year-round 01:10–02:19 - Taxes influence every financial decision you make 02:19–03:30 - The tax code as a behavioral incentive system 03:30–04:38 - W2 income and why employees are taxed first 04:38–06:19 - Why business owners often have structural tax advantages 06:19–07:24 - The difference between gross taxation and net taxation 07:24–08:49 - Saving money: why bank interest is taxed again 08:49–10:10 - Cash value life insurance as an alternative storage vehicle 10:10–11:48 - Investing: 401(k)s, mutual funds, and tax deferral tradeoffs 11:48–13:20 - Capital gains advantages and market inefficiencies 13:20–15:08 - Government-incentivized investments: real estate, energy, Opportunity Zones 15:08–16:22 - After-tax returns vs headline returns 16:22–17:40 - Retirement distributions and tax deferred account traps 17:40–19:07 - Social Security and Medicare coordination risks 19:07–20:32 - Roth conversion strategies before retirement 20:32–21:24 - Required minimum distributions and forced withdrawals 21:24–22:43 - Estate taxes vs probate costs 22:43–23:50 - Taxation of inherited retirement accounts 23:50–25:25 - The "buy, borrow, die" strategy explained 25:25–27:00 - Why proactive tax coordination requires a team approach 27:00–29:11 - Taxes reward planners, not procrastinators  

EPISODE SUMMARY In this reflective and forward-looking episode, the host explores a question most people avoid: What if you live to 95… or even 100? After celebrating a 65th birthday and anticipating a 90th birthday in the family, he reflects on how quickly life moves — and how dramatically longevity is changing financial realities. With people living longer, traditional retirement models may leave individuals exposed, underprepared, and overly dependent on outdated financial advice. This episode challenges the average-life-expectancy mindset and instead encourages listeners to build wealth plans that account for longer runways, rising healthcare costs, tax exposure, and economic volatility. But the conversation goes deeper than money. The host introduces the concept of four forms of capital — financial, health, relationship, and purpose capital — arguing that true wealth requires balance across all four. Money alone does not equal wealth. Freedom, flexibility, optionality, and contribution define it more accurately. This episode is a call to rethink not just retirement… but the entire philosophy of wealth building. LINKS & RESOURCES perennialpride.com    KEYWORDS Longevity planning Retirement rethink Financial runway Cash flow investing Tax efficiency Optionality Flexibility Healthcare planning Sequence of return risk Four forms of capital Financial capital Health capital Relationship capital Purpose capital Wealth beyond money Abundant life strategy Lifestyle design Freedom planning EPISODE HIGHLIGHTS 00:00–01:00 - Reflecting on longevity: 65th and 90th birthdays spark perspective 01:00–02:10 - What if you live to 95 or 100? The planning gap most ignore 02:10–03:40 - The problem with using average life expectancy in financial plans 03:40–04:29 - Retirement could last longer than your working years 04:29–05:47 - Rethinking "retirement" as transition, not withdrawal from service 05:47–07:08 - Living longer means healthcare costs become a major threat 07:08–08:27 - Why planning for worst-case scenarios creates peace 08:27–09:37 - Traditional Wall Street retirement advice and its limitations 09:37–10:56 - Sequence of return risk, volatility, and taxation exposure 10:56–11:28 - Why building cash flow now creates optionality later 11:28–12:32 - Tax efficiency as the largest wealth lever most ignore 12:32–13:42 - Flexibility through multiple income streams 13:42–14:24 - Optionality: escaping the "stuck in a job" trap 14:24–15:07 - Introducing the Four Forms of Capital 15:07–15:52 - Financial capital: assets that produce income today 15:52–16:29 - Health capital: investing in your body like a portfolio 16:29–17:10 - Relationship capital: family, friends, and meaningful connection 17:10–17:48 - Purpose capital: meaningful work and contribution 17:48–18:53 - Money alone does not equal wealth 18:53–20:23 - Questions to evaluate your long-term wealth plan  

 Episode Summary In this episode of Perennial Pride, Tom Suvansri explores a powerful paradox: why highly successful professionals often abandon the very mindset that made them successful when it comes to managing their personal finances. While they take ownership, calculated risks, and bold action in their careers, many default to fear, herd mentality, and passivity with money—especially around taxes and long-term planning. This episode challenges listeners to reclaim curiosity, education, and intentional design in their financial lives to move beyond average outcomes.   Episode Resources perennialpride.com     Keywords Financial ownership Herd mentality Proactive tax planning Personal finance mindset Financial education Wealth beyond the numbers Tax strategy Long-term planning Average vs intentional outcomes Financial empowerment Risk tolerance Designing your financial system Episode Highlights  00:00–01:18 - The paradox of success in career vs personal finance 01:18–02:15 - Fear replacing curiosity in financial decisions 02:15–03:30 - Why herd mentality feels safe—but limits outcomes 03:30–04:39 - Taxes as a common area of financial passivity 04:39–05:26 - Reactive tax compliance vs proactive tax strategy 05:26–06:20 - Why advisors often don't push proactive planning 06:20–07:21 - Education as the gateway to better financial decisions 07:21–08:21 - Planning years ahead instead of scrambling later 08:21–09:22 - Designing systems that adapt to inevitable change 09:22–10:58 - Questions successful people need to ask about money

Summary  In this episode of Perennial Pride, discover the power of urgency over comfort in building wealth and success. Using the inspiring story of a high school football team's championship journey, explore the vital role of intentional effort, proactive planning, and facing challenges to achieve financial freedom and a richer life beyond money. Perfect for anyone ready to transform their approach to wealth and life.. Episode Highlights 00:01:20 - Reflection on success through hard work. 00:02:05 - Urgency and comfort: insight on excellence and regret. 00:03:33 - Overcoming resistance to pursuing hard goals. 00:03:49 - The entrepreneurial mindset and taking intentional action. 00:05:21 - Stoicism: embracing obstacles as paths to growth. 00:07:07 - Complexity and its impact on financial management. 00:09:32 - Passive investing and its potential pitfalls. 00:11:56 - The importance of proactive, urgent financial planning. 00:12:26 - Risk mitigation as a critical but overlooked aspect. 00:14:23 - Wealth-building: Saving vs. spending culture. 00:17:58 - Benefits of maintaining liquidity for opportunities. 00:19:02 - The importance of aggressive tax planning. 00:20:49 - Diversifying and self-investing for financial excellence. 00:22:02 - Assessing comfort vs. urgency in wealth-building efforts. Episode Resources perennialpride.com  Keywords wealth building   urgency   comfort   financial freedom   wealth management   obstacles   stoicism   risk mitigation   complexity   volatility   consumerism   stoic philosophy   proactive planning   investment   tax planning   entrepreneurial   retirement accounts   savings and spending   liquidity   taxes   estate planning   personal development   business ownership   real estate   financial education   opportunity funds   financial discipline   financial independence   Perennial Pride podcast  

EPISODE SUMMARY This episode revisits key conversations that challenge traditional financial thinking. From protecting family legacies through trusts, to using infinite banking as a personal financial system, to leveraging private equity for passive income and tax efficiency, this episode emphasizes intentional wealth-building through structure and education.   LINKS MENTIONED https://podcasts.apple.com/us/podcast/perennial-pride/id1632084146   KEYWORDS / SEO Perennial Pride Podcast, Best of 2025 podcast, Trust administration, Estate planning trusts, Generational wealth, Infinite banking concept, Whole life insurance banking, Private equity investing, Passive income strategies, Alternative investments, Financial independence, Wealth education, Tax-efficient investing.   EPISODE HIGHLIGHTS WITH TIMESTAMPS - 00:00–00:01 - Introduction and episode overview - 00:01–00:07 - Trusts and generational wealth - 00:07–00:09 - Risks of inheritance without structure - 00:09–00:13 - Infinite banking explained - 00:13–00:15 - Misconceptions about whole life insurance - 00:15–00:18 - Guarantees vs market returns - 00:18–00:23 - Private equity for busy professionals - 00:23–00:25 - Fund-of-funds and diversification - 00:25–00:26 - Closing message on financial empowerment  

Today's episode of the Perennial Pride podcast, Tom dives into one of the most overlooked but essential concepts in wealth building: liquidity. With markets showing volatility and assets potentially overvalued, he breaks down why having access to capital—not just investments—is key to confidence, preparedness, and opportunity. Tom shares practical strategies he's personally used over the last year, including reassessing investments, unlocking equity, trimming expenses, and planning taxes proactively. Whether it's handling emergencies or striking when opportunities appear, this episode offers a grounded roadmap to fortifying your financial foundation. Episode Highlights 02:00: The "Everything Bubble" and why timing markets doesn't work 05:00: Why liquidity creates calm, confidence, and optionality 07:30: Emergency funds vs opportunity funds 10:00: Selling assets strategically to unlock trapped equity 12:00: Exiting syndications and private investments for flexibility 14:30: Home equity, HELOCs, and planning before you need them 16:00: Alternative places to store liquidity 18:00: The three layers of liquidity explained 19:30: Warren Buffett's "tide going out" lesson 20:00: Final thoughts on preparation and long-term confidence Links and Resources: perennialpride.com

In this episode of The Perennial Pride Podcast, Tom and Kira break down one of the hottest—and most controversial—financial headlines: the potential introduction of a 50-year mortgage. They unpack what this could mean for first-time homebuyers, investors, affordability, long-term debt, and the already-strained housing market. From rising interest rates and distorted market forces to cash-flow strategies and real estate investment implications, this conversation cuts through the noise to help you understand the good, the bad, and the ugly behind ultra-long mortgages. If you're trying to make sense of today's housing landscape—or wondering whether a 50-year loan is a lifeline or a long-term trap—this episode gives you the clarity you need. Episode Highlights 01:54 - Financial implications for first-time homebuyers. 06:01 - The rise of the average first-time homebuyer age. 11:46 - Interest rate impact on home affordability. 14:35 - Early mortgage payoff considerations. 18:50 - Inflation's role in mortgage strategy. 21:20 - Real estate investment and 50-year mortgages. 32:56 - Government's involvement in housing markets. 39:17 - Long-term financial planning with mortgages. Episode Resources perennialpride.com   

Continuing on this final episode with Brandon Jenkins, Tom and Brandon explore the multifaceted nature of leadership, emphasizing the importance of self-leadership, trust, and humility. They discuss the challenges leaders face when transitioning from individual contributors to team leaders, the significance of fostering a collaborative team culture, and the necessity of connecting individual values to team goals. They highlight the role of accountability and the need for leaders to create an environment where open communication and feedback are encouraged. Ultimately, the conversation serves as a guide for aspiring leaders to embark on their journey of personal and professional growth. Episode Highlights 04:51 - Leadership is personal: born or made? 05:37 - Self-leadership as a foundational aspect. 10:02 - Recognizing unique blueprints in team members. 13:55 - The challenge of transitioning from expert to leader. 16:44 - The significance of authenticity in leadership. 19:58 - Building trust through genuine actions. 30:15 - Empowerment versus micromanagement. 32:45 - Letting go: balancing control and delegation. 36:50 - The power of asking questions to foster connection. 40:29 - Consistency in reinforcing team culture and feedback channels. 45:30 - Accountability partners as tools for growth. 50:06 - Starting with self-reflection to identify core values. Episode Resources perennialpride.com   

Continuing in this four part series, Tom and Brandon talk about the impact of beliefs and assumptions on personal behavior and potential. He emphasizes how these ingrained beliefs, often formed from early life experiences, can unconsciously dictate actions and hinder personal growth. By becoming aware of these underlying assumptions, individuals can unlock their true potential and make more intentional choices in their lives. Tune in next week for part four! Episode Highlights 05:36 - Golden Path fallacy. 07:58 - Self-awareness unlocks fulfillment. 10:35 - Embracing unique leadership. 13:31 - Leaders not having all the answers. 17:54 - Empowering and unleashing team potential. 23:26 - Connecting values to organizational purpose. 33:04 - Reflecting to identify passions. 35:39 - The importance of curiosity. Episode Resources perennialpride.com  tieronecoaching.com  Connect with Brandon Jenkins [email protected] 

In part two of this series with Brandon Jenkins, Tom and Brandon explore the concept of resilience, its importance in personal and professional growth, and practical strategies to cultivate it. They discuss the significance of understanding one's purpose, the cycle of aligning actions with that purpose, and the mindset required to navigate challenges. Things such as community, preparation, and mindfulness help building resilience and achieving success. Stay tuned for part three! Episode Highlights 01:20 - Building resilience in life. 05:57 - Align, Act, Assess, Adjust framework. 07:11 - The importance of a resilient mindset. 10:09 - Pressure rehearsal and authentic thinking. 12:18 - The power of chair flying. 14:53 - Handling stress as a leader. 17:40 - The concept of a pre-mortem. 23:00 - Disconnecting identity from failure. 26:51 - The value of leadership ready rooms. 31:35 - Owning the controllable mindset. 39:06 - Importance of recovery and resets. Episode Resources perennialpride.com  tieronecoaching.com  Connect with Brandon Jenkins [email protected]   

In this first episode of a four part series, Tom Suvansri and Brandon Jenkins explore the concept of purpose and fulfillment in life. They discuss the importance of understanding one's personal purpose, the pitfalls of following societal expectations (the golden path fallacy), and the significance of introspection and mindset shifts. Brandon shares insights on creating a blueprint for clarity in one's life and the value of conducting an energy audit to identify what truly energizes and fulfills individuals. They emphasize the ongoing journey of self-discovery and the importance of aligning one's actions with their values and passions. Be sure to tune in next week for Part 2. Episode Highlights 03:54 - Understanding your purpose. 12:26 - The concept of the "Golden Path" in careers. 20:22 - Blueprint process for finding purpose. 37:37 - Practical first steps: an energy audit.   Episode Resources perennialpride.com  https://tieronecoaching.com/  Connect with Brandon Jenkins [email protected]

In today's episode, Tom Suvansri and Deb Snyder discuss the challenges faced by small business owners and the importance of effective planning for future success. Deb shares insights from her experience at Cultivate Advisors, emphasizing the need for a mindset shift towards enterprise value and strategic planning. They explore the significance of setting SMART goals, the role of team buy-in, and the necessity of having a clear vision for the business. Tune in to hear more about this and the common myths about business planning and the importance of preparing for unexpected events. Episode Highlights 01:43 - Enterprise value as a paradigm shift for business owners. 02:55 - Importance of working on the business, not just in it. 05:32 - Planning for 2026: Why it's important now. 06:45 - Rewrite of traditional business plans to simpler formats. 07:50 - SMART goals explained. 09:44 - Breaking down business goals into 90-day sprints. 13:45 - Highlighting enterprise value, financials, and business health. 17:46 - Bringing team members into business planning. 19:59 - Importance of key performance indicators (KPIs). 21:37 - The reality of business exits and planning for succession. 25:20 - Employee buy-in as part of the planning process. 27:50 - Having regular review meetings for business plans. 30:02 - Importance of not making the same mistake twice.   Episode Resources perennialpride.com Connect with Deb Snyder [email protected]   

In this conversation, Tom Suvansri and Mark Hutchinson delve into the concept of Infinite Banking, exploring its principles, misconceptions, and practical applications for both personal and business finance. Mark shares his journey to discovering Infinite Banking, emphasizing the importance of financial education and stewardship. The discussion highlights how Infinite Banking can serve as a powerful tool for cash flow management, legacy planning, and investment strategies, ultimately leading to financial freedom and control over one's wealth. Episode Highlights 04:43 - Explaining the Infinite Banking Concept. 05:56 - Misconceptions about whole life insurance. 07:31 - Benefits of Infinite Banking for businesses and individuals. 12:02 - Control over financial systems, minimizing lost opportunity cost. 14:36 - Example of using IBC for business expenses. 16:59 - Long-term financial strategies using Infinite Banking. 21:19 - Generational wealth and financial education. 25:22 - Infinite Banking as a tool for investments. 30:10 - Risks and strategies in personal and business investments. 35:33 - Building financial freedom with Infinite Banking. Episode Resources perennialpride.com  Connect with Mark Hutchinson [email protected]

In this episode, Tom discusses the importance of early financial and tax planning as summer comes to an end. He emphasizes the need for proactive strategies to mitigate taxes and highlights common misconceptions about tax planning. The conversation covers various opportunities for business owners, investment strategies, charitable giving, and family legacy planning. Tune in to get insights into maximizing your financial potential. Episode Highlights 01:14 - Tax planning awareness. 02:14 - The importance of early action. 02:56 - Capital gains tax lesson. 04:18 - Consulting professionals for tax strategy. 06:00 - Proactive vs. reactive tax approach. 11:09 - Misconception: Wealth and tax strategy. 13:54 - Real estate tax advantages. 14:44 - Charitable donation strategies. 18:00 - Avoiding tax procrastination. 20:09 - Taking ownership of financial life.   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify

Joining Tom today is Marlene Amata, a seasoned tax accountant, who shares about the evolution of tax planning and the importance of collaboration in financial services. Marlene shares her journey from disliking accounting to finding passion in helping clients navigate their financial lives. They discuss the concept of the Virtual Family Office (VFO) and how it can provide comprehensive support for clients, emphasizing the need for collaboration among professionals to better serve clients' needs. Take a listen to hear more about the value of having a supportive network. Episode Highlights [01:25] Overcoming Initial Disinterest in Accounting [02:29] The Impact of the Entertainment Industry on Career Choice [03:45] Transition from Traditional Accounting to Client-Focused Service [06:10] Tax Planning: Downside of Success? [11:04] Virtual Family Office: A Modern Take on Rockefeller's Legacy [12:45] Leveraging Networks: Avoiding Solitude in Expertise [16:20] Breaking Down Silos: The Future of Client Services [20:39] Common Missteps in Tax Strategy for New Entrepreneurs [23:40] Ignored Risks: A Business Owner's Blind Spot [28:00] Community and Collaboration: The New Key to Success   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify  

In this episode of the Perennial Pride podcast, Tom talks about the growing trend of solopreneurs and the importance of planning for the unexpected in business. He emphasizes the need for solopreneurs to establish a solid foundation, including legal structures and financial safeguards, to protect their assets. Tom also highlights the significance of succession planning and mindset shifts necessary for long-term success. The episode provides practical advice for solopreneurs to ensure their businesses are prepared for unforeseen circumstances and to maximize their value.   Highlights 05:55 - Unforeseen Health Crisis Impact 06:56 - Preparing for Business Disruptions 07:02 - Strategies for Business Continuity 09:01 - Implementing Legal Structures 09:26 - Importance of Documentation 09:45 - Financial Safeguards for Businesses 12:04 - Training Successors 13:12 - Buy-Sell Agreements 16:09 - Mindset Shift for Solopreneurs 18:00 - Protecting Your Business Asset   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify  

In this podcast episode, Tom Suvansri interviews Beau Turner, founder of Abundant Mines, about the world of Bitcoin mining and its potential as a passive income source. Beau shares his journey from traditional investing in real estate to the innovative realm of Bitcoin mining, emphasizing the importance of education and understanding in navigating this space. The conversation explores the benefits of mining over simply buying Bitcoin, the evolving technology behind mining equipment, and the demographic shifts in Bitcoin adoption. Beau also highlights the environmental impact of mining and its role in energy efficiency, making a case for Bitcoin as a financial freedom tool and a significant asset in modern investment portfolios. Tap into the power of education, innovation, and passive income. Subscribe now and discover how Bitcoin mining could be your next step toward long-term wealth and financial freedom.   Highlights 02:22 - Early interest in wealth building. 03:23 - Transition from engineering to real estate. 03:59 - Bitcoin discovery and re-investment. 06:25 - The lesson from harsh experiences. 09:52 - Tangible interaction with Bitcoin mining. 10:57 - Recognition of Bitcoin's permanence. 14:31 - The advantage of Bitcoin mining over buying. 19:22 - Understanding the lifespan of mining equipment. 22:44 - Addressing energy waste in mining. 25:32 - The widespread potential of Bitcoin. 32:10 - Bitcoin as a revolutionary financial technology.   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify  

In this podcast episode, Tom Suvansri explores various perspectives on wealth building, emphasizing the importance of patience, fulfillment in work, and the impact of relationships and environment on personal success. He discusses the common rush towards financial independence and the need for deeper reflection on life choices, career satisfaction, and the significance of community in achieving long-term wealth and fulfillment. Slow down, tune in, and rethink what wealth really means to you. Subscribe now and join the conversation about building a life that's not just rich in dollars—but in meaning, purpose, and connection.   Highlights 02:01 - Paradox of Technology: More Frenzy, Less Simplicity. 02:27 - FIRE Movement: Sacrifices for Early Retirement. 05:52 - Rethinking Life Paths: Beyond Traditional Roadmaps. 06:35 - Delving Into Long-term Fulfillment and Wealth. 07:28 - Big Life Decisions: Impact Beyond Wealth. 13:26 - Experimentation Over Immediate Commitment. 14:48 - Aligning Work with Personal Values.   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify

In this episode, Tom Suvansri discusses the importance of building a strong financial foundation for wealth and freedom. He draws inspiration from nature, emphasizing the need for growth and stability in our financial lives. The conversation covers various aspects of financial education, awareness, saving, debt management, estate planning, and asset protection, all aimed at empowering listeners to create a life of abundance and security for themselves and future generations. Start building your foundation today—subscribe, share this episode, and connect with us to explore how you can create lasting wealth on your own terms   Highlights 01:15 - Building foundations for future generations. 03:35 - Five areas of life requiring abundance and freedom. 05:47 - Importance of financial education. 10:08 - The significance of cash flow in personal finance. 13:20 - Saving as a key financial strategy. 15:55 - The critical role of insurance defense strategies. 19:08 - Awareness and planning for inevitable life events. 21:20 - Debt strategy and responsible financing. 25:00 - Estate planning essentials: wills and trusts. 27:10 - Asset protection strategies to safeguard wealth. 29:35 - Benefits of using education to manage investments.   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify  

Today, Tom dives into the concept of freedom and the various financial traps that can hinder wealth building. He emphasizes the importance of understanding debt, retirement accounts, the tax system, home ownership, inflation, reliance on government support, and hidden fees in finance. Tune in today to hear more about taking control of your financial lives and make informed decisions to achieve true freedom and wealth.   Highlights 01:04 - Perspective in financial decision-making. 03:39 - Debt as a wealth-building trap. 05:57 - Student loans and the burden of debt. 09:47 - Rethinking retirement account contributions. 11:59 - Impact of tax system on wealth building. 14:19 - Homeownership as a financial trap. 17:08 - Inflation and devaluation of currency. 19:23 - Government reliance and personal financial control. 20:57 - Hidden fees in financial services.   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify  

In this podcast episode, Tom explores the concept of wealth beyond just financial capital. He emphasizes the importance of various forms of capital, including time, health, relationships, and purpose, in achieving a fulfilling life. Through personal anecdotes and reflections, he encourages listeners to assess their own wealth in these areas and take intentional steps towards improvement.   Highlights 01:31 - Realizing True Wealth Beyond Finances 04:44 - Five Forms of Capital: A Holistic Approach 05:54 - Financial Capital: Importance of Cash Flow 07:12 - Time Capital: Prioritizing Your Time 09:59 - Health as Wealth: The Need for Vitality 13:49 - Relationship Capital: Importance of Social Ties 16:41 - Purpose Capital: Finding Meaning in Life 19:19 - Self-Assessment for Growth in Wealth Areas   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify

Join Tom today as he discusses the importance of self-investment and personal growth during uncertain times. He emphasizes the need to look within ourselves to identify opportunities and strengths, encouraging listeners to dream big and overcome fears. Tom shares insights on turning problems into opportunities, taking action, and seeking feedback from trusted individuals. Tune in to hear more about the value of embracing discomfort as a means for growth and success.   Highlights 01:03 - "Acres of Diamonds" story. 03:36 - Investing in yourself first. 04:54 - Self-awareness and the blueprint process. 07:01 - Solving everyday problems like in Shark Tank. 11:07 - The importance of dreaming and aspirations. 13:56 - Leveraging unique talents for impact. 16:59 - Gauging your skills through trusted opinions. 19:51 - Learning through discomfort and failure. 21:58 - Encouragement to embrace action and growth.   Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify

In this episode, Tom discusses the complexities of taxes and their impact on personal finance. He emphasizes the importance of understanding various types of taxes, including income tax, capital gains tax, estate tax, and the often-overlooked inflation tax. Tom introduces the concept of the 'ignorance tax,' highlighting the financial costs associated with a lack of knowledge about tax strategies. He encourages listeners to seek education and professional advice to mitigate their tax burdens and emphasizes the importance of continuous learning in achieving financial success. Take a listen today to see if you're being proactive about tax planning!   Highlights 01:09 - Taxes: The Biggest Expense and Wealth Impact 03:03 - Taxes as Behavioral Incentives 04:36 - The Robert Kiyosaki Tax Perspective 06:57 - Capital Gains Tax: An Incentive to Invest 09:00 - Inflation: The Stealth Tax 12:34 - Surpassing Inflation to Maintain Wealth 14:28 - Ignorance Tax: Knowledge as Power 17:02 - Tax Code Structure and Strategic Planning 19:57 - Worth of Paying for Expert Advice 20:18 - Lifelong Learning for Financial Success Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify

Today's episode, Tom draws the parallels between the game of golf and financial management, emphasizing the importance of long-term thinking, holistic approaches, and emotional control in achieving financial success. He discusses the significance of generational wealth, the need for the right financial tools, and the value of collaboration with experts to navigate complex financial landscapes. Tune in today to learn more about the measuring of financial progress and maintaining a proactive mindset to adapt to changing circumstances.   Highlights 00:35 - Masters as a symbol for managing life. 01:01 - Golf's parallels with financial management. 02:00 - Generational thinking in golf and finance. 03:11 - Importance of estate planning and education. 03:46 - Strategy in golf and financial planning. 05:07 - Holistic integration of financial advisors. 07:01 - Exploring diverse financial tools and strategies. 09:33 - Mindset and emotional control in finance and golf. 11:03 - Benefits of proactive financial planning. 13:13 - Value of expert advisors and a team approach. 14:49 - Importance of measuring financial progress. 16:49 - Objective evaluation of financial strategies. Episode Resources Connect with Tom Suvansri https://perennialpride.com/  https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify

In this engaging conversation, Tom chats with Gil Roberts, an entrepreneur with a diverse background in finance and business. They talk about the journey from traditional finance to entrepreneurship, discussing the lessons learned from early failures and successes. Gil emphasizes the importance of understanding the financial system, the value of connecting with people, and the need to break free from societal expectations. Tune in to hear more about the significance of personal fulfillment over material possessions. Highlights 01:27 - Transition from programming to finance. 02:14 - First failed business and key learning. 05:23 - Experience gaining collection proficiency. 08:36 - Importance of doing what you love. 09:09 - Transition to commercial lending. 13:49 - System design in education and work. 15:43 - Concept of lifestyle inflation. 19:17 - Escape the rat race. 24:09 - Freedom beyond monetary wealth. 44:31 - Emphasis on financial literacy and education. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Gil Roberts [email protected] https://gilroberts.net/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Today, Tom is joined by Steve DeTray to discuss the critical aspects of business exit planning, emphasizing the importance of having a succession plan, understanding business valuation, and preparing both the business and the owner for a successful exit. They explore the mindset shift required for business owners, the role of a support team, and the emotional readiness needed for transitioning out of a business. Thinking about selling your business? This episode is for you! Highlights 01:33 - Mistakes from a rushed business exit. 06:58 - Necessity of a business-owner mindset shift. 11:06 - The critical 5-year runway for exiting. 13:52 - External forces driving involuntary exits. 19:45 - Over-reliance on the business owner. 25:21 - Eight key drivers impacting business value. 29:10 - Preparing the owner emotionally for exit. 31:14 - Importance of purpose post-retirement. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Steve DeTray https://www.linkedin.com/in/stevedetray/ https://www.freedompathplanning.com/about-us/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In today's exciting episode, Tom chats with Kyle Shoulvin, an independent insurance broker, discussing the often-overlooked importance of insurance in financial planning. Kyle shares his journey from teaching to the insurance industry, emphasizing the value of independent agencies in providing personalized insurance solutions. They dive into essential personal insurance coverages, the significance of liability coverage, and the complexities of homeowners insurance, particularly in the context of rising risks and market challenges.  Tune in to make sure you have all the right coverage you need! Highlights 07:13 - Misconceptions about the insurance industry. 10:49 - Importance of liability coverage. 16:32 - Understanding condo insurance requirements. 22:40 - Insurance challenges in risk-prone areas. 30:01 - Impact of natural disasters on insurance. 35:34 - Commoditization of the insurance industry. 40:53 - Importance of understanding policy comparisons. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Kyle Shoulvin https://www.linkedin.com/in/kyle-shouvlin-cic-53a83388/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this episode, Tom talks about the inevitability of change in life and how to navigate it positively. He emphasizes the importance of self-reflection, understanding one's unique strengths, continuous education, taking action, surrounding oneself with supportive people, and financial preparedness. Additionally, he highlights the significance of risk management and cultivating gratitude during times of transition. Tune in to be inspired to embrace change as a pathway to personal growth and fulfillment! Highlights 01:04 - Embracing Impermanence: The Inevitability of Change. 04:38 - Finding Purpose: Assessing Personal Values. 08:00 - Unique Skillset: Embrace and Love Your Uniqueness. 10:05 - Lifelong Learning: Education is a Passion. 12:43 - Taking Action: Ready, Fire, Aim. 15:57 - Support Networks: Importance of Surrounding Yourself with the Right People. 18:54 - Financial Preparedness: Getting Your Financial House in Order. 25:04 - Gratitude Practice: Focus on Positive Aspects. 26:28 - Managing Change: Growth, Stress, and Maturity. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Today, Tom dives into the concept of wealth stacking, emphasizing the importance of making money work for you in multiple ways. He introduces the infinite banking concept as a strategy to leverage life insurance for wealth accumulation and explores various methods to utilize home equity and investment portfolios effectively. Tom also highlights the risks associated with leveraging debt and the importance of making informed investment decisions to ensure financial growth and security. Tune in to hear more! Highlights 02:59 - Challenging traditional wealth-building. 05:56 - Introduction to Infinite Banking concept. 08:39 - Borrowing against life insurance policies. 10:05 - Real estate leveraging example. 14:44 - Risks of leveraging for investments. 16:47 - Warren Buffett's rule on not losing money. 19:08 - Risks and controls in using margin loans. 23:45 - Importance of not over-leveraging. 26:20 - Advanced debt strategies and traditional advice contrast. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this podcast episode, Tom discusses the key principles for achieving financial success and the common pitfalls that lead to financial failure. He emphasizes the importance of tracking finances, having a solid financial plan, continuous learning, and making informed investment decisions. The conversation also highlights the dangers of short-term thinking and the strategic use of debt. By flipping the perspective on financial success, he encourages you to take actionable steps towards building your wealth. Highlights 00:36 - The opposite approach to financial advice. 01:25 - Financial failure strategy: Not tracking finances. 02:58 - Importance of having a financial plan. 04:31 - Continuous learning in personal finance. 09:11 - The risk of relying solely on internet advice. 10:53 - The pitfalls of thinking short-term. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this episode, Tom chats with Keshav Kolur, the principal at Clive Capital, who shares his journey into real estate investing and the establishment of his company. Together, they discuss the importance of financial freedom, the benefits of private equity, and the innovative fund of funds model that simplifies investment for tech professionals. Keshav outlines the criteria used to assess investments, emphasizing cash flow, tax benefits, and diversification. Tune in to hear more about the accessibility of alternative investments, such as oil and gas, and innovative strategies for building wealth through private equity and self-directed IRAs. Highlights 04:57 - Journey into real estate at a young age 05:50 - Discovering syndications over single-family homes 07:50 - Proof of concept with first syndication 08:51 - Launching Clive Capital to expand passive investments 11:19 - Emphasis on private equity over public markets 12:51 - Significance of diversification 14:59 - Fund of Funds model explained 17:41 - Criteria for selecting investments 22:59 - Accredited investor: who qualifies? 29:39 - Three ways to fund investments 33:59 - Excitement about oil and gas investments 35:24 - Tax benefits of oil and gas investments 36:54 - Alternative investment strategies in focus Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Keshav Kolur https://clivecap.com/about-us/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this podcast episode, Tom chats with Antony Joffe, chairman of Sterling Trustees, to discuss the importance of trust administration and the role of independent trustees. They explore the benefits of trusts for wealth protection and generational legacy, the advantages of South Dakota's trust laws, and the common misconceptions surrounding estate planning. Antony emphasizes the need for financial education for beneficiaries and the importance of choosing the right trustee to avoid family conflicts. Tune in to hear more from this episode! Highlights 04:40 - Antony's unexpected career path 06:35 - Importance of trusts in legacy planning 09:56 - Challenges of independent trustees 12:15 - Why South Dakota for trust laws 15:12 - Importance of teaching financial responsibility 17:39 - What families often get wrong about trusts 19:32 - Keeping it simple: Trust design advice Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Antony Joffe https://sterlingtrustees.com/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Today, Tom discusses the 'Buy, Borrow, and Die' strategy, a wealth-building approach that emphasizes the importance of acquiring assets, borrowing against them, and utilizing tax laws to pass wealth efficiently to the next generation. He highlights the benefits and risks associated with this strategy, including the significance of the stepped-up basis and the need for careful estate planning. Tom encourages listeners to integrate these strategies into a cohesive financial plan and to start small with practical steps. Tune in to find out more about this strategy! Highlights 02:54 - Importance of asset ownership. 05:23 - Borrowing against appreciating assets. 06:26 - Stepped-up basis explained. 09:32 - Risks of over-leveraging. 11:45 - Importance of estate planning. 12:57 - Start with basic asset-backed loans. 13:56 - Need for a cohesive financial strategy. 15:05 - Long-term legacy and business continuity. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this engaging conversation, Tom interviews David Frankel, founder of Perky LLC, who shares his entrepreneurial journey, the challenges he faced, and the innovative solutions he created. They discuss the importance of problem-solving, resilience, and persistence in entrepreneurship, as well as the role of sales experience in building relationships and understanding customer needs. Tune in to hear more of this conversation between two entrepreneurs! Highlights 01:08 - Starting the entrepreneurial journey. 01:44 - Innovation from necessity: high school invention. 02:29 - The rarity of patented ideas coming to market. 03:41 - Solving the droopy collar problem. 08:29 - The importance of observing problems. 09:41 - Are entrepreneurial skills innate or learned? 11:45 - Emotional intelligence in solving problems. 13:21 - The value of patience and persistence. 14:06 - Teaching children problem-solving skills. 14:56 - The necessity and benefits of failure. 16:54 - The unique drive of entrepreneurs. 18:01 - Sales: A foundation for entrepreneurship. 22:32 - Building relationships in sales. 26:04 - Entrepreneurship lesson: addressing a wide audience. 28:11 - Process from idea to product development. 33:02 - Packaging's role in product marketability. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with David Frankel [email protected] https://www.linkedin.com/in/davidmfrankel/     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this episode, Tom discusses the importance of proactive tax planning, especially as the year comes to a close. He emphasizes the need to plan ahead to avoid last-minute stress and suboptimal financial decisions. The conversation covers various aspects of tax planning, including deductions, credits, income conversion strategies, and navigating tax brackets. Tom encourages listeners to educate themselves about the tax code and work with financial professionals to optimize their tax situations and ultimately retain more wealth. Highlights 03:32 - Planning to mitigate tax stress 05:56 - Tax deferral: conventional wisdom 07:35 - Importance of deductions 10:25 - Credits as tax reducers 13:08 - Converting income types 16:05 - Progressive tax brackets strategy 18:05 - Income splitting benefits 21:15 - Tax deferral with 401k and IRA 23:36 - Real estate and 1031 exchanges 24:43 - Opportunity zones benefits 26:03 - Strategic tax planning importance Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this podcast episode, Tom chats with Clint Harris, a general partner at Nomad Capital, who shares his unique journey from a medical sales career to the self-storage investment space. Clint discusses the importance of financial independence, the pursuit of a meaningful life, and how he transitioned into real estate investing. He highlights the advantages of self-storage as an asset class, the innovative business model of Nomad Capital, and the deeper purpose behind their investments, which focuses on creating opportunities for families to spend quality time together. In this conversation, Tom and Clint dive into the complexities of real estate investment, emphasizing the importance of partnerships, understanding asset classes, and adapting to market trends. They discuss the impact of COVID-19 on storage needs, particularly among millennials, and explore cultural perspectives on consumerism. Tune in to hear more from this exciting episode! Highlights 03:59 - Strategy shift: single-family to Airbnb. 05:49 - Realization of time and financial independence. 07:06 - Exploring successful real estate investor strategies. 07:52 - Experiencing burnout from managing multiple tenants. 08:25 - The appeal of self-storage investments. 09:07 - Importance of asset class conversion. 12:17 - Financial independence and personal goals. 14:12 - Founding of Nomad Capital. 17:18 - Impact of generational shifts on real estate. 18:45 - Discussion on consumerism and storage needs. 21:05 - Advantages of self-storage: low expense ratio. 25:00 - Effects of housing market trends on storage. 26:20 - Millennial usage of self-storage as extended space. 36:00 - Investing strategy: assessing personal alignment. 37:00 - Suitable investment profile for self-storage fund. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Clint Harris https://www.linkedin.com/in/clint-harris-543265139     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Today, Tom discusses the importance of understanding the true costs of living, emphasizing the difference between short-term cheap options and long-term investments. He explores various aspects of personal finance, including financial planning, insurance, tax strategies, estate planning, and debt management, urging listeners to think holistically about their financial decisions and the impact they have on their future. Tune in to understand the true cost living. Highlights 03:00 - Long-term quality vs. short-term savings. 03:51 - Health as a long-term investment. 04:49 - Thinking beyond immediate costs. 05:55 - Long-term net worth vs. income planning. 10:18 - Comprehensive financial planning overlooked for sales. 15:00 - The role of insurance in risk mitigation. 20:53 - Proactive tax planning importance. 23:55 - Estate planning and legal basics. 25:59 - Leverage vs. debt in wealth building. 29:44 - Investing in personal health for long-term benefits. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA    Call to Action Schedule a Call with Tom   How to Listen: Subscribe on Youtube Listen on Spotify

In this episode, Richard Walsh joins Tom and shares his extensive entrepreneurial journey, beginning from his time in the Marine Corps to becoming a successful business owner and coach. He discusses the challenges he faced during the 2008 economic downturn, the importance of shifting from an employee mindset to an owner mindset, and the critical role of feedback in validating business ideas. Richard emphasizes resilience in the face of rejection and the necessity of learning from failures to achieve success in entrepreneurship. Tom and Richard dive into the multifaceted journey of entrepreneurship, emphasizing the importance of commitment, understanding expectations, and the necessity of having a purpose beyond profit. Tune in to hear about the resilience required to navigate the ups and downs of business ownership and the significance of recognizing the true value provided to customers. Highlights 03:00 - From shoveling granite to $1,000 in a day: an entrepreneurial awakening. 04:45 - Scaling from landscape to custom water features. 07:02 - 2008 financial crash: Losing half a million in one day. 10:24 - Shutting down the business to refocus on family. 13:05 - The creation of "Escape the Owner Prison" and a new coaching venture. 18:50 - Side hustle reality for would-be entrepreneurs. 23:30 - Overestimating in one year, underestimating in five. 24:50 - The rejection blues: handling noes and setbacks. 31:36 - Vision-driven business: Understanding the bigger mission. 38:17 - The importance of customer journey and experience. 46:17 - The thrill of entrepreneurship: innovation and automation. 47:56 - Where to find more about Richard and his coaching services. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Connect with Richard Walsh https://www.linkedin.com/in/richard-walsh-866ab237   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

Joining Tom in today's episode is Scott Phillips, founder of SDP, about wealth building strategies, particularly focusing on oil and gas investments. Scott shares his personal journey, insights into tax strategies, and the importance of diversification in investment portfolios. The conversation delves into the tax benefits associated with oil and gas investments, the risks involved, and the future of the industry in a changing economy. Scott emphasizes the need for careful planning and understanding one's financial situation before making investment decisions. Tune in to hear more about how tax benefits are not loopholes, but incentives. Highlights 02:03 - Insights from owning businesses: Reducing tax concerns. 04:41 - Early exploration into oil and gas tax strategies. 06:45 - Importance of understanding tax implications in investments. 08:06 - Learning cycles of investment: Oil vs. stock market. 09:52 - Tax benefits of oil and gas investment explained. 13:08 - Why government offers tax incentives for drilling. 15:00 - Technology advancements lower oil production costs. 19:39 - Ideal times to invest in oil and gas. 22:43 - Addressing the perception of oil's future amid alternatives. 26:46 - Environmental impact and the industry's response. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Scott Phillips https://www.linkedin.com/in/scottphillipssdp     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode of the Perennial Pride podcast, Tom discusses different options for leveraging assets without liquidating them. He explores the use of personal credit cards, home equity lines of credit, margin accounts, and cash value life insurance as sources of capital. Tom highlights the pros and cons of each option and emphasizes the importance of being disciplined and responsible when using debt as leverage. He also emphasizes the need to be prepared and have access to cash in order to take advantage of opportunities that may arise. Tune in to hear more! Highlights 03:00 - Building an Opportunity Fund. 03:21 - No Magic Bullet in Financial Strategies. 03:57 - Leveraging Assets Without Liquidation. 05:05 - Pros and Cons of Credit Card Use. 06:46 - Home Equity Line of Credit: A Viable Option. 09:50 - Margin Accounts: Accessing Cash Through Brokerage. 13:08 - Infinite Banking: Leveraging Life Insurance. 18:31 - Benefits of Cash and Preparedness. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In today's episode, Tom dives into the importance of wealth management, discussing key areas that are often overlooked. He covers topics like cash flow management, tax reduction strategies, evaluating fees, and the drawbacks of relying solely on banks for wealth storage and borrowing. Tune in to hear more about alternative strategies, including infinite banking, diversifying investments, and essential risk mitigation through insurance and estate planning Highlights 01:54 - Uncovering hidden health risks. 03:05 - Financial risks beneath the surface. 04:26 - Importance of cash flow awareness. 05:09 - Diversifying streams of income. 06:34 - Tax strategies and opportunities. 07:55 - The true cost of fees. 09:22 - Rethinking the role of banks. 11:09 - Investment diversification beyond markets. 13:46 - Importance of risk mitigation. 15:56 - Estate planning for wealth transfer. 22:11 - Empowerment through financial education. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA  Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

On this episode of Perennial Pride, Tom reconnects with longtime friend Lee Heisman, CEO of Exit Stage Left Advisors. With decades of entrepreneurial experience, Lee shares insights into helping business owners maximize the value of their business as they prepare for an exit. From his start in the printing industry to managing multiple successful ventures, Lee reflects on the importance of risk-taking, resilience, and aligning your efforts with your long-term goals. Tune in to learn about Lee's journey, the lessons he's gained along the way, and what business owners need to know when selling their companies. Highlights 02:08 - The Value of Delayed Gratification. 03:39 - Challenging Conventional Wisdom for Success. 05:50 - Lee Heisman on Defining Personal Success. 06:34 - Transitioning from Physical Therapy to Entrepreneurship. 07:15 - Starting a Printing Business in Atlanta. 09:45 - Selling the Printing Business for New Ventures. 10:56 - The Importance of Resilience and Learning from Failures. 12:29 - Early Business Challenges: Working All Night. 14:39 - Side Hustles Need Full Dedication to Thrive. 16:19 - Balancing Different Types of Employees. 20:04 - Teaching Entrepreneurship at Kennesaw State University. 22:35 - Embracing Failure as a Learning Tool. 23:35 - Understanding Personal Risk Tolerance in Business. 26:04 - Preparing a Business for Sale. 28:55 - Importance of Business Financials and Predictability. 32:50 - Money in the Marketplace Post-COVID. 36:50 - Common Mistakes Before Selling a Business. 40:32 - Importance of Having a Generation 2 Successor. 42:39 - Horror Stories of Unprepared Sellers. 46:00 - The Joy of Helping Clients Exit Successfully. Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect with Lee Heisman https://www.linkedin.com/company/exitstageleftadvisors/   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this final episode with estate attorney Alessandra Long, they explore the complexities of asset protection and tax planning. Together, they provide an overview of how to safeguard your wealth from risks and taxes, while ensuring a smooth transfer to future generations. They discuss strategies like irrevocable trusts, life insurance trusts, and charitable giving options. Tune in to learn more about protecting your assets and securing your legacy. Highlights 05:10 - Reduced estate tax exemption impact 09:00 - Revocable vs. Irrevocable trusts overview 11:18 - Irrevocable Life Insurance Trust (ILIT) explained 18:12 - Charitable Lead Trusts vs. Charitable Remainder Trusts 21:00 - Grantor Retained Annuity Trust (GRAT) benefits Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect Alessandra Long [email protected]     Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify

In this episode of the Perennial Pride podcast, host Tom Suvansri welcomes back state attorney Alessandra Long for part three of their estate planning series. They dive into crucial topics like powers of attorney, healthcare directives, and living wills. Alessandra explains the importance of setting up these documents before a crisis strikes, offering practical advice on how they can protect you and your loved ones. Tune in to learn how to ensure your wishes are respected and avoid the stress of legal complications during tough times. Highlights 03:08 - Importance of Durable Power of Attorney 06:50 - Springing Power of Attorney Explained 12:30-  Short vs. Long Form Power of Attorney 15:10 - Potential Situations for Power of Attorney Use 20:59 - Choosing Agents and Trust Issues 23:19 - Introduction to Health Care Directives 24:40 - Distinction Between Living Will and Last Will 29:10 - Importance of Living Wills in Estate Planning 35:19 - Encouraging Family Discussions on Estate Planning Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Connect Alessandra Long [email protected]   Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify