PODCAST

Navigating Tax Strategies for Wealth Building with Scott Phillips

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

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Navigating Tax Strategies for Wealth Building with Scott Phillips

Joining Tom in today's episode is Scott ...

How to Access Cash for Opportunities

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Seven Overlooked Areas That Are Robbing Your Wealth

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Mastering the Business Exit: Lessons in Risk, Resilience, and Maximizing Value with Lee Heisman

On this episode of Perennial Pride, Tom ...

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[+] Show More

Asset Protection, Trusts, and Tax Strategies Explained with Alessandra Long

In this final episode with estate ...

Powers of Attorney, Healthcare Directives, and Living Wills Explained with Alessandra Long

In this episode of the Perennial Pride ...

Estate Planning Essentials: Understanding Wills and Trusts with Alessandra Long

In this episode, Tom Suvansri welcomes ...

Building Financial Freedom: Aligning Goals with Passive Income Strategies with Russ Morgan

Joining Tom today is Russ Morgan, ...

What The Tiger 21 Group Tells Us About Building Wealth

In this episode, Tom dives into the ...

In this episode, Tom dives into the current economic uncertainties and shares insights on how the wealthy manage and grow their wealth in volatile times. Drawing lessons from the Tiger ...21 group, he explores the importance of private equity, real estate, and taking control of your investments. He also emphasizes the value of personal development, skill building, and networking. Whether you're a business owner or working a 9-to-5, this episode offers actionable advice on how to assess your financial strategy, find new opportunities, and make informed decisions for long-term wealth growth.

Highlights
00:33 - Market uncertainty and current financial climate
02:10 - The typical mainstream financial advice
04:15 - Introduction to Tiger 21 Group
05:26 - Tiger 21’s “Hot Seat” practice for wealth strategy review
06:33 - Emphasis on philanthropy in Tiger 21
07:45 - Tiger 21 Group’s investment allocation report
08:50 - Comparison between average American investments and Tiger 21 allocation
09:45 - Details on Tigere 21’s private equity and real estate investments
10:53 - Importance of diversification in wealth strategies
12:12 - The hierarchy of wealth and its foundation
14:03 - Role of whole life insurance in wealth strategy
17:20 - Investment in things you can control
18:49 - Value of public equities from a Tiger 21 perspective
20:38 - Importance of personal development and direct ownership
22:10 - Risk mitigation through strategic ownership and control
23:53 - Remaining adaptable in the face of fiscal policy changes
25:30 - Importance of cash reserves and liquidity
27:00 - Opportunities in real estate during economic cycles
29:10 - Networking and learning from others
30:45 - Example of humility and open-mindedness from Tiger 21

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