Foolish, How Investors get Worked Up and Worked Over by the System.
Gil Baumgarten shares the behind-the-scenes of investing and all the ways you may be losing money. As an insider, he opens the curtain and shows up how we stop being foolish with our investments.
Take away: Don't borrow money for a depreciating asset
Action step: A good dose of introspection is good for every investor
Money Learnings: Gil grew up in a situation where his family had some financial difficulties. Learned a lot about money from his wealthy friend’s father who is a prominent orthopedic surgeon.
Bio: Gil Baumgarten, one of the nation’s top financial advisors, is the Founder and President of Segment Wealth Management, an RIA financial advisory firm. Since its inception in 2010, Segment Wealth Management has grown to a top-ten firm in Houston, as recognized by the Houston Business Journal, with over a billion dollars in client assets under advisement. Gil is also a nine-time recipient of the Top 1,200 Financial Advisors distinction and has been ranked among the thirty-five best advisors in Texas by Barron’s.
Distinctions aside, Gil’s affinity for precision and detail reveals itself in his daily life as well. He is an avid outdoorsman, award-winning woodworker, and attentive family man, friend, and colleague.
Highlights from this episode: Link to episode page
Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!
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Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.