Summary
Scott has a net worth of $10 million. He first appeard on the show back on episode 76 almost exactly 5 years ago when his net worth was around $7 million. He has all of his net worth in his business, real estate and crypto. He is a business owner, an attorney, an entrepreneur, and a real estate investor. He shares his journey to finding true wealth and happiness. He discusses how acquiring more things and wealth led to anxiety and a lack of enjoyment in the present moment. Through experiences like ayahuasca retreats and studying CREA yoga, Scott learned to prioritize peace and doing what he truly wants. He emphasizes the importance of controlling the mind and emotions to experience deeper levels of peace and love.
Scott also talks about his asset allocation strategy, including investments in real estate, algorithmic trading, and cryptocurrency. In this conversation, Scott shares his insights on wealth building and asset protection. He emphasizes the importance of clarity in defining one's goals and treating wealth building as a business. He also discusses the need for asset protection strategies, such as using LLCs and living trusts, and optimizing portfolio returns through tax strategies. As wealth scales from seven to eight figures, he recommends using private foundations and investing in CFO-level services. Scott also shares personal experiences, including expensive meals and transformative moments in the jungle. He advises listeners to surround themselves with successful people and ask thoughtful questions.
355: Net Worth Of $6.5M - Finding Balance Between Investing & Spending; When Another Million Doesn't Change Happiness Levels
354: Net Worth Of $5M - Immigrant Day Trading to the American Dream
352: Net Worth of $15M - Digging out of a hole for 4 straight years to 3x Inc. 500 CEO
351: Net Worth of $2M+ - Navigating the One More Year Syndrome
350: Net Worth of $350M+ - "The Power of The Human Isn't What You Can Do With Money But Without It"
349: Net Worth of $9M - Coupon Cutting While Ascending to Become a Decamillionaire
348: Net Worth of $12.5+M - I Started As a Janitor
347: Net Worth of $1+M - A Modern Day Gold Digger Who Lost Over $1 million During Covid
346: Net Worth of $17M - From Big Macs to Race Tracks: McDonalds with a Honda to Software with a Ferrari
345: Net Worth of $1.2M - Livin' La Vida Locum Tenen
344: Net Worth of $1.2M - Another $1 million wasn't going to change my life
343: Net Worth of $1.0M+ - A Corporate America Drop Out to Philanthropist
342: Net Worth of $1.3M - I Paid $1,000 For My Worst Meal Ever
341: Net Worth of $3.5M - Former Air Traffic Controller Cashed in His 401k and Risked It All
340: Net Worth of $1.8M - I didn't start until I was 40
339: Net Worth of $51M - The Sequel
338: Net Worth of $51M - Money Loves Speed: I Started With A Magazine Publication in Ecuador
337: Net Worth of $2.1M - The short term sacrifices were worth it
336: Millionaires Unveiled Year in Review
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