Join Frank Hanna, owner of RevX Wealth, as he shares his journey from the restaurant business to financial planning and the valuable lessons he's learned along the way. In this engaging podcast, Frank discusses the importance of flexibility in running and growing a business, offering independent and proactive advice to clients.
He dives into the suitability of life insurance for estate tax liquidity and business succession planning, as well as the wealth accumulation potential of real estate and packaged deals. Frank emphasizes the significance of consistency in habits and systems to build enterprise value and scalability.
Additionally, he explores the potential impact of the phase-out of bonus depreciation on real estate investors, while delving into the role of technology, government policies, education, skills development, and entrepreneurship in shaping the economy. Tune in to gain valuable insights on wealth management, economic growth, job security, and the factors that influence the long-term outlook.
Chapters
00:00 Introduction
00:28 Difference between listener bases
01:26 Frank's timeline and transition to financial planning
04:57 Integration of clients in all three pillars
06:10 Flexibility in running and growing the business
08:42 Creating flexibility in investment strategies
10:52 Flexibility in running and growing the business
12:06 Suitability of life insurance recommendations
15:26 Real estate as a focal point for wealth accumulation
19:19 Finding and packaging real estate deals
21:34 Building a portfolio with proper tax consequences
23:36 Creating enterprise value and scalability
29:23 Consistency in habits and systems
36:46 Importance of taking on the right clients
41:46 The meaning of consistency
44:07 Closing remarks
02:30 The Impact of Technology on the Economy
10:15 The Role of Government in Economic Growth
20:45 The Importance of Education and Skills Development
30:10 The Future of Work and Job Security
40:20 The Role of Entrepreneurship in Economic Development
45:30 Political Factors and Long-Term Outlook
To connect with Frank, visit www.revxwealth.com
