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محتوای ارائه شده توسط Bryan Rigg. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Bryan Rigg یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
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Show 7 - How to Manage Liquidity Events

12:50
 
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Manage episode 183010775 series 1416063
محتوای ارائه شده توسط Bryan Rigg. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Bryan Rigg یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

We see quite often in life a lot of people do not manage liquidity events very well. The most dramatic example are lottery winners. When they get a lot of money, what happens in a few years? It's all gone. Granted we don't encourage you to be banking on winning the lottery, but we see that when people do get a liquidity event like that they've put no thought into how to manage that cash.

Whether it's on this massive scale of a lottery or whether it is being in control of your 401K, selling a house, having an inheritance, a lot of times when people get that money they do a very poor job of managing it.

Another example out there that we've heard quite often about when people get a liquidity event and manage it poorly, and here they know they're getting a liquidity event, are professional athletes.

We hear so often that 70, 80, 90 percent of NFL players and NBA players, once they leave the league they're bankrupt in a few years because they haven't properly focused on how to deal with those liquidity events, putting that money away, making sure ?? like I always like to say during these programs, ?? they get their sacred cow, making sure they get the pot of money they need, putting it away and securing it to support their lifestyle going forward.

By way of illustration, a lot of times people say, "Hey, I want to replace my salary of $60,000." A good number right now with interest rates is, if you have $1.5 to $2 million put away, you can be fairly assured that you're going to be able to replace that $60,000 salary per year if you put that money away. You have then secured your sacred cow.

That's one thing to be looking at when you start having these liquidity events, how it plays into you planning for your future and you securing the bucket of money that you need to maintain your lifestyle. If you manage liquidity events well, that is one huge tactic to be focused on in order to help ensure that you have the retirement you need.

LEARN MORE at www.RiggWealthManagement.com

What are savings accounts with banks? When is saving money enough and when is saving money not enough? We're also going to talk about any personal needs you may have for your own liquidity. If you need cash back, or say you lost a job, or some sort of health crisis that you need some help with. Bryan's going to help us with all that.

RIGG Wealth Management offers securities to Broker Dealer Financial Services, Member SIPC and advisory services through Investment Advisors Corp and SCC registered investment advisor. RIGG Wealth Management is not a subsidy area of Broker Dealer Financial Services. Neither RIGG Wealth Management nor Broker Dealer Financial Services offer legal advice. Client should consult their attorney of choice on all legal matters.

Opinions expressed on this program do not necessarily reflect those of Broker Dealer Financial Services. The topics discussed and opinions given are not intended to address the specific needs of any listener. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Examples mentioned are for illustrative purposes only, individual results may vary. Past performance is no guarantee of future results. Investing involves risk including loss of principle. Rebalancing can entail transaction costs and tax consequences that should be considered when determining a rebalancing strategy.

  continue reading

42 قسمت

Artwork
iconاشتراک گذاری
 
Manage episode 183010775 series 1416063
محتوای ارائه شده توسط Bryan Rigg. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Bryan Rigg یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

We see quite often in life a lot of people do not manage liquidity events very well. The most dramatic example are lottery winners. When they get a lot of money, what happens in a few years? It's all gone. Granted we don't encourage you to be banking on winning the lottery, but we see that when people do get a liquidity event like that they've put no thought into how to manage that cash.

Whether it's on this massive scale of a lottery or whether it is being in control of your 401K, selling a house, having an inheritance, a lot of times when people get that money they do a very poor job of managing it.

Another example out there that we've heard quite often about when people get a liquidity event and manage it poorly, and here they know they're getting a liquidity event, are professional athletes.

We hear so often that 70, 80, 90 percent of NFL players and NBA players, once they leave the league they're bankrupt in a few years because they haven't properly focused on how to deal with those liquidity events, putting that money away, making sure ?? like I always like to say during these programs, ?? they get their sacred cow, making sure they get the pot of money they need, putting it away and securing it to support their lifestyle going forward.

By way of illustration, a lot of times people say, "Hey, I want to replace my salary of $60,000." A good number right now with interest rates is, if you have $1.5 to $2 million put away, you can be fairly assured that you're going to be able to replace that $60,000 salary per year if you put that money away. You have then secured your sacred cow.

That's one thing to be looking at when you start having these liquidity events, how it plays into you planning for your future and you securing the bucket of money that you need to maintain your lifestyle. If you manage liquidity events well, that is one huge tactic to be focused on in order to help ensure that you have the retirement you need.

LEARN MORE at www.RiggWealthManagement.com

What are savings accounts with banks? When is saving money enough and when is saving money not enough? We're also going to talk about any personal needs you may have for your own liquidity. If you need cash back, or say you lost a job, or some sort of health crisis that you need some help with. Bryan's going to help us with all that.

RIGG Wealth Management offers securities to Broker Dealer Financial Services, Member SIPC and advisory services through Investment Advisors Corp and SCC registered investment advisor. RIGG Wealth Management is not a subsidy area of Broker Dealer Financial Services. Neither RIGG Wealth Management nor Broker Dealer Financial Services offer legal advice. Client should consult their attorney of choice on all legal matters.

Opinions expressed on this program do not necessarily reflect those of Broker Dealer Financial Services. The topics discussed and opinions given are not intended to address the specific needs of any listener. Diversification does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk. Examples mentioned are for illustrative purposes only, individual results may vary. Past performance is no guarantee of future results. Investing involves risk including loss of principle. Rebalancing can entail transaction costs and tax consequences that should be considered when determining a rebalancing strategy.

  continue reading

42 قسمت

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