Business of HYPE is a show that centers around entrepreneurs and their paths to success. Often times, some of the most important concerns when it comes to building your own business are around financial investments. We noticed a number of incoming questions in our mailbox focused on this topic. So for this week’s episode, Jeff sits down with Liang Lee, a financial advisor at WestPac Wealth Partners.
It is important to understand where our money is flowing, as those choices dictate the granular details, ranging from what home we live in, to how many sneakers we can buy. Liang begins with the basics, such as the definition of financial independence and how to achieve it. He later answers questions regarding stocks, taxes, and high, medium and low risk investments.
So tune into this special Finance Q&A and learn more about some of the most important decisions one can make in their life. Feel free to reach out to Liang with any questions at email@example.com or give him a call at 808-695-2119.
As always, thank you for tuning into HYPEBEAST Radio and Business of HYPE. You can subscribe to our channel on Apple, Spotify or wherever else you get your podcasts. Feel free to hit Jeff on Twitter, @jeffstaple, or via email at firstname.lastname@example.org, and he may answer your question on a future episode.
Following breakdown below:
5:05 – Where do you start when helping someone achieve financial independence?
5:45 – What does financial independence mean?
7:29 – What are the categories of personal finance?
8:24 – What’s the definition of each category?
14:36 – Why is protection so important for financial independence?
17:11 – What’s the best investment these days?
18:30 – What do you tell clients for investments outside of their business?
21:45 – What’s a great return on a stock?
23:33 – Which is more important: annual savings or investment returns?
25:41 – Why is it important to diversify savings?
28:03 – Why is it important to have a tax strategy long term?