The Legacy Wealth Code Podcast
Welcome to the "Legacy Wealth Code" podcast, where we unravel the secrets of real estate investing, tax strategies employed by the uber wealthy, and the art of building a lasting legacy. Join us on this captivating journey as we explore the pathways to wealth creation, uncover powerful tax-saving techniques, and feature interviews with successful business owners who have mastered the art of building generational wealth.
In each episode, your host Michael & Andrew, will guide you through thought-provoking discussions, insightful interviews, and expert advice from renowned investors and financial gurus. Together, we will dive deep into the world of real estate investing, examining various strategies such as property flipping, rental properties, commercial real estate, and syndications. Discover key principles, practical tips, and industry trends that can help you make informed decisions and maximize your returns in today's dynamic real estate market.
But that's not all. "Legacy Wealth Code" delves into the fascinating realm of tax strategies, unveiling the closely guarded secrets of the uber wealthy. Learn how they employ legal techniques to minimize their tax obligations and explore the intricacies of tax planning, entity structuring, 1031 exchanges, cost segregation, and more. Unlock the power of tax optimization and gain insights that could potentially save you significant amounts of money.
Additionally, we bring you exclusive interviews with highly successful business owners and entrepreneurs who have mastered the art of wealth creation and legacy building. These captivating conversations will provide invaluable insights, personal anecdotes, and actionable advice on overcoming challenges, seizing opportunities, and leaving a meaningful impact on the world.
Whether you're an aspiring investor, seasoned entrepreneur, or simply curious about the world of wealth creation, the "Legacy Wealth Code" podcast will empower you with the knowledge and inspiration needed to embark on your own path to financial success. Join us on this transformative podcast as we decode the secrets of real estate investing, reveal powerful tax strategies, and guide you towards building a remarkable legacy that will endure for generations to come.
Tune in to the "Legacy Wealth Code" podcast and unlock the blueprint for financial freedom, tax optimization, and the creation of a legacy that stands the test of time.
The Legacy Wealth Code Podcast
What is Your Legacy? Writing a Legacy Letter to Define it
Join us in this insightful episode of the Legacy Wealth Code as our esteemed hosts, Michael Notbohm & Andrew Hoek, demystify the concept of a Legacy Letter. Discover the importance of this powerful tool in communicating your legacy and learn practical steps to create one. In this engaging discussion, we dive deep into the unique nature of legacies, discussing how they can vary vastly from person to person. Nevertheless, being intentional and purposeful about your investments is crucial in shaping your legacy, a point our guests passionately emphasize. Whether you're just starting your investment journey or are well along the path, this episode is a must-listen if you want your wealth to align with your desired legacy. Tune in for a deep-dive into purposeful investing and intentional legacy planning.
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THE LEGACY WEALTH CODE PODCAST SHOW NOTES
Episode #11: What is Your Legacy? Writing a Legacy Letter to Define It
Host: Michael Notbohm & Andrew Hoek
Episode Summary
Welcome to this episode of the Legacy Wealth Code Podcast, a platform aimed at helping you build long-term wealth and a lasting legacy through real estate investing, tax strategies, and motivational stories from successful people. Meet our hosts, Michael Notbohm & Andrew Hoek.
The focus of today's conversation is “planning for your legacy”. With many high achievers working on their goals, thought is rarely given to the legacy they leave behind. Notably, the process of legacy planning has a huge impact on the actions we take today. Not having any form of planning often forces the family left behind to deal with cumbersome probate processes and can easily result in strife, uncertainty, or loss of property.
In this episode, Michael and Andrew explain the concept of Legacy Planning, highlighting a tool called the Legacy Letter through which they convey their thoughts on what they want to be remembered for.
Episode Topics
● [00:43] Today's topic; what is your legacy?
● [03;14] Defining Legacy; a plan against probate.
● [08:32] An example of what probate entails.
● [09:48] The Legacy Letter
● [16:28] From Michael's legacy letter.
● [18:36] From Andrew's legacy letter.
Notable Quotes
- "What do you want your name to live on as?" - [Michael Notbohm]
- "Being purposeful about what your legacy is, will drastically change what you're doing right now" - [Michael Notbohm]
- "What are you doing to make sure you're on track for what you actually care about?" - [Michael Notbohm]
Resources
https://www.joincake.com/blog/legacy-letters/
https://sixtyandme.com/write-legacy-letter/
https://www.apexlegacyconsultants.com/2021/04/21/legacy-letter/