Episode 90: 3 Ways to Rethink Life Insurance for Wealth Creation with Curtis May
Are you ready to ditch traditional financial advice and achieve financial freedom? In today's episode of The On Purpose Investor, host Eric Vogel is joined by Curtis May, the creator of Practical Wealth Advisors and host of the Practical Wealth Show podcast, who challenges traditional financial advice and shares his unique perspective on achieving financial freedom and passive income. He emphasizes the use of whole life insurance as a tool for managing wealth, not just as a death benefit.
Curtis promotes informed investing, efficient cash flow through the velocity of money, and the strategic application of whole life insurance for wealth creation. He also shares his five principles for financial planning, which offer a new perspective for ensuring a stable financial future.
About our Guest:
Curtis May is the host of the Practical Wealth Show podcast and the creator and owner of Practical Wealth Advisors. Curtis has been planning for individuals for more than 35 years, and he is passionate about helping his clients save money and live the very best life they can right now.
The primary focus of his financial planning firm is to help individuals and families become financially free by following the principles of wealth creation that have endured for centuries around the world.
Key Takeaways from This Episode:
- Prioritize Cash Flow and Velocity: Move beyond just returns. Curtis emphasizes the importance of the "velocity of money," focusing on how your money moves and generates cash flow through assets.
- Invest Strategically: Don't chase risky returns. Curtis' first rule of investing is to invest in what you know and where you can influence the outcome.
- Rethink Life Insurance: It's not just about death benefits. Curtis explores how whole life insurance can be a powerful tool for wealth management and growth while you're alive.
Download Curtis's free Financial Freedom Scorecard to assess your progress on the path to financial independence. You'll also find a link to his in-depth three-work framework for a deeper dive into his financial principles.
Don't forget to share this episode with a friend who might benefit from Curtis May's insights! Leave us a review on your favorite podcasting platform and follow us on social media for more inspiring content. Join our Insider's List for weekly guidance to help you design and achieve your dream life.
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About Us:
Eric and Tiffany Vogel are real estate investors and founders of www.onpurposeinvestor.com. Four years ago, they began their real estate investment journey together after just one year of dating – before they even got married! They bought their first property with an FHA loan and zero equity. Each of them has a unique set of strengths that they bring to their partnership.
Join us each week for another episode full of tips, tricks, and methods to achieve financial success and stability.
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