PODCAST
Navigating Trust Administration with Antony Jeffe
Highlights
00:00 - Intro
04:40 - Anthony’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 Jeffe
https://sterlingtrustees.com/
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Now Playing
Navigating Trust Administration with Antony Jeffe
In this podcast episode, Tom chats with ...
In this podcast episode, Tom chats with Antony Jaffee, 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
00:00 - Intro
04:40 - Anthony’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 Jeffe
https://sterlingtrustees.com/
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
04:40 - Anthony’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 Jeffe
https://sterlingtrustees.com/
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Now Playing
The Buy, Borrow, and Die Strategy
Today, Tom discusses the 'Buy, Borrow, ...
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
00:00 - Intro
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[+] Show More
Highlights
00:00 - Intro
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[+] Show More
Now Playing
Entrepreneurial Grit: Problem-Solving, Persistence & Innovation with David Frankel
In this engaging conversation, Tom ...
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
00:00 - Intro
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
info@perkyllc.com
https://www.linkedin.com/in/davidmfrankel/
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Highlights
00:00 - Intro
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
info@perkyllc.com
https://www.linkedin.com/in/davidmfrankel/
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify[+] Show More
Now Playing
Tax-Savvy Strategies: Proactive Planning to Maximize Wealth
In this episode, Tom discusses the ...
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
00:00 - Intro
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[+] Show More
Highlights
00:00 - Intro
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[+] Show More
Now Playing
Creating Lasting Experiences Through Financial Independence with Clint Harris
In this podcast episode, Tom chats with ...
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
00:00 - Intro
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[+] Show More
Highlights
00:00 - Intro
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[+] Show More
Now Playing
How to Know What is Cheap vs Expensive
Today, Tom discusses the importance of ...
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
00:00 - Intro
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[+] Show More
Highlights
00:00 - Intro
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[+] Show More
Now Playing
The Entrepreneurial Mindset with Richard Walsh
In this episode, Richard Walsh joins Tom ...
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
00:00 - Intro
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[+] Show More
Highlights
00:00 - Intro
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[+] Show More
Now Playing
Navigating Tax Strategies for Wealth Building with Scott Phillips
Joining Tom in today's episode is Scott ...
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
00:00 - Intro
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[+] Show More
Highlights
00:00 - Intro
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[+] Show More
Now Playing
How to Access Cash for Opportunities
In today's episode of the Perennial ...
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
00:00 - Intro
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[+] Show More
Highlights
00:00 - Intro
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[+] Show More
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