Show Notes
Curtis May loves numbers, perhaps as much as he loves scoring. Fortunately, ‘going pro’ on the latter quickly dissipated from his goals, because otherwise, we will not have seen Curtis become the wealth management expert that he is today. Not shying away, Curtis continues to make multiple points, financial this time, evident in his FOUR objectives of Financial Planning, FIVE areas of maximum efficiency, and the FOUR things banks want from you. He just loves racking up those numbers. Curtis believes in the fundamentals and he’s come up with FIVE major principles in creating your financial plan. It all comes down to how the value is created and how you influence that value. These are financial foundations that everyone should learn. Luckily, we have ‘the Contrarian’ himself educating us on this and setting you up in financial planning on your way to financial freedom.
HIGHLIGHTS OF THE EPISODE
01:07 - Becoming a financial educator 04:31 - 98% of college athletes go pro elsewhere 05:01 - Another anti-wall street financial advisor 05:14 - Financial planning is NOT investing 05:51 - Principle-based financial planning 06:50 - Principle #1: Save 15% or more 07:15 - Principle #2: Maximum Protection 08:05 - Principle #3: Full replacement of assets at debt 09:11 - Principle #4: 6-12 months of Liquidity 10:11 - Principle #5: Velocity method vs accumulation theory 12:39 - Velocity: Focus on assets that produce cash flow 15:27 - Be the CEO of your own money 19:00 - The four objectives financial planning 19:00 - The first objective: Build maximum wealth 19:22 - Second objective: Live your legacy 20:05 - Third: Transfer family wealth in charity 20:22 - Fourth: The plan must work in all circumstances 21:00 - Maximum efficiency = Maximum wealth 21:28 - Five areas of maximum efficiency 26:56 - Four things gov’t financial institutions want from you 28:35 - Do what the banks do, not what they tell you to do 32:57 - What are the right principles that work for you 33:38 - Investing to become something VS speculative FOMO 34:59 - Principles of certainty & the three rules of investing 21:28 - Five areas of maximum efficiency 36:32 - Curtis May, the Contrarian to old financial practices 36:59 - Four investment quadrants and Benjamin Grant 39:00 - Understand how you influence and create value
Thank you for joining us in another episode. We are committed to inviting more guests that give value to our real estate journey. Stay tuned for more episodes. To learn more, visit our website at www.tempofunding.com.
CONNECTING WITH THE GUEST
Talk to Curtis Be the CEO of Your Life Practical Wealth Show with Curtis May Instagram
TEXT “Be the bank” to 55444 and receive “The value of Liquidity” report by Curtis May
