Welcome to another episode. Today, we’re thrilled to introduce Dave Wolcott, a true visionary in the realm of holistic wealth building. Dave’s journey from serving as a Captain in the Marine Corps to becoming the Founder and CEO of Pantheon Investments is nothing short of inspiring.
Join us as Dave shares his invaluable insights into passive investing with a particular focus on alternative assets and crafting a holistic wealth strategy. Drawing from his extensive experience, Dave delves into the asset classes that Pantheon Investments focuses on, revealing strategies for high-net-worth individuals to decrease taxes and invest in energy and real estate.
In this episode, Dave unveils a unique opportunity involving a ground-up development build-to-rent project in Fort Lauderdale, while also shedding light on the benefits of investing in private equity, including the merchant cash advance industry. He emphasizes the pivotal role of personal development and mindset in achieving wealth and success, sharing his morning success routine and advocating for investing in oneself.
Whether you’re a seasoned investor or just starting on your wealth-building journey, Dave’s wisdom is sure to enlighten and empower. Tune in now to gain exclusive access to Dave Wolcott’s expertise and discover the keys to unlocking true financial freedom and living an extraordinary life. This episode is not to be missed!
See Full Transcript:
Bronson Hill: All right.
So welcome to the Mailbox Money Show. I am Bronson Hill, and I am excited that you are here because we’ve got Dave Wilcott.
A good friend of mine is doing some amazing stuff with high net worth and it’s amazing when you get in and all the stuff that we learned when we were young. About getting a job with benefits and a pension and going to school and all this stuff. As we realize as we get older it may not be correct or it may be something that gets us wealthy, but it won’t keep us wealthy and won’t keep us at a place of freedom.
And there’s a saying that you know, why? There’s a book out there that says, why a students end up working for C students, right? And it’s because the C students are more willing to take risks.
They’re more willing to learn. So, I hope you get a lot out of this interview. I enjoyed it. It was great, Dave’s just a superabundant guy also in personal development. Which I found is a huge thing if you’re trying to grow your wealth if you grow yourself and your personal development. You’ll see just so many benefits in your life. You’ll just be a much happier healthy person so, hope you enjoy this interview.
All right, welcome to the Mailbox Money Show, Dave. How are you doing today?
Dave Wolcott: Doing awesome. Thanks, Bronson.
Bronson Hill: Hey, it’s really good to have you man I know we connected recently and I just love what you’re doing I feel like we’ve got a lot of synergies of things that we love solving problems for wealthy people. Or helping people to become wealthy and using those strategies of the ultra-wealthy to help. Not get back a lot of what you make especially with taxes and other things. I know you talk about that but tell us a little bit about your background, I know a little bit of your story and you’re in the military and just talk to us a little bit about how you got to be doing. What you’re doing now with Pantheon investments.
Dave Wolcott: Yeah, sure. So give you a little bit of a wrap background around my journey. It all started I was raised in a middle-class family in Connecticut and I was taught that the recipe for success was to go to school and get good grades. You’re gonna get a job and life would just work out, right? So, kind of followed down that path. Went to school in DC and then did the ROTC program because I really wanted to challenge myself.
I wanted to serve my country. Spent the next four years in the Marine Corps, which was a phenomenal experience. I learned things you just don’t learn anywhere else. Things such as leadership, teamwork, and integrity. And then after I transitioned from the Marines I got into the corporate world in the tech industry. And I quickly got really frustrated Bronson with for just losing that sense of mission. That was you know so driving me and the Marines and it was just such a shift for me and then at the same time, my wife and I started raising a family. We had a toddler running around and then on October 24th, 2000, we literally welcomed triplets into the world and quadrupled the size of our family.
Bronson Hill: Exponential growth right there
Dave Wolcott: It’s exponential growth. But you know you can imagine, right? I mean the first thing once I got past the shock. The biggest thing I was thinking about practically was you know, how am I going to create financial security for my family right which was everything to me?
And now the goalposts just got moved. I can’t even see the goalposts anymore. They’re you know few miles down the field, right?
At that point, I went to see my financial planner and he told me the same thing that every other one did. It was, Oh you’ve got kids no problem. You can put your money in these things called 529 plans just max out your 401k at work, right? And you know just invest in the stock market dollar-cost average you’ll be fine, right? And so I said you know I was doing the math and everything and it just didn’t make sense to me. And it was right then and I just knew, that’s you know the top 1% were not building their wealth as a retail investor in the stock market. So, keep in mind this is back in now in 2000 so I went on this obsessive journey to start figuring out how the ultra-wealthy actually build wealth, right? So I looked under every rock I was reading books I was meeting people. I was doing a lot of network trying to increase my relationship capital.
I started investing in alternative assets before syndications were even popular. Just getting into private placement opportunities everything in like oil and gas, single-family. We did raw land did office. Did multi-family just all kinds of different asset classes and over that time that span of 20 years I built some businesses on the tech side as well. Made a complete exit and I wanted to now create all of the things that I learned in those 20 years of experience. So to create that in Pantheon and help other people discover this holistic wealth strategy that I built a framework around.
Bronson Hill: Yeah, that’s great. I think a lot of people’s journeys are similar to a lot of stories I’ve heard on the show. And just in general we start with a goal like hey, I gotta save money for my kids. I want to quit my job I want to do these things and then so we get advice. And I was a registered investment advisor for a few years and I call myself an RIA now, but it’s a recovering investment advisor. So, I’m no longer registered but still recovering but it’s just that the advice that people are given and then we’re told to give. When I was back when I was doing that it’s just people never became wealthy doing that. And again, I heard I saw an interview recently with somebody interviewing it was a guy who was worth over a hundred million dollars and he said, you know, he’s talked with a lot of billionaires and he said they all don’t do the diversification invest in stocks whatever. They all find some great investment and they pour there, you know they’re bit they invest in their business and they develop it that way.
But it’s just amazing that when once you start developing some skills and some learning in this area. It’s it’s almost shocking and Henry Ford even has a quote where he’s like, “If the general public understood the financial system there’d be writing in the streets tomorrow” or something like this. We have no clue, we’re not taught this stuff in school but there are ways to get around it. That’s why with your platform with Pantheon, what you’re doing you’ve got infinite banking. You’ve got a lot of these different strategies that help people to grow and preserve wealth.
What are some of the asset classes that you found to be interesting for high-net-worth people? And you work with a lot of ultra, you know high net worth and so what are some things that you’ve seen are like Oh, this is something that we like from an investment standpoint that helps people as far as investing into.
Dave Wolcott: Yeah, so we focus a lot on portfolio allocation and building out our investment thesis, Bronson. You know once you get into the space and start seeing deals and different syndications. You’ll all of a sudden start seeing deals all over the place and you’re trying to figure out Hey, you know, which one is right? And you know, that’s part of the reason why I wrote my book as well the Holistic Wealth Strategy. So you can create a strategy first right that supports your vision. And where you’re headed because if you don’t have a target you’re gonna miss every time. So, create that vision for yourself before you start getting into the mechanics of actual investments, right?
Because the investments as long as you find the right operator are going to fill certain things so we’re typically investing, you know, like billionaires do with asymmetric type of focus. Where it’s the lowest amount of risk and the highest amount of yield. But we also only focus on three core sectors which are real estate, energy, private equity, and private debt. The reason we do that is because there’s a focus around number one, decreasing your number one biggest expense that you have in life, which is taxes.
So trying to mitigate some of that energy. Investing in oil and gas a lot of people don’t realize you can offset 100 percent of your active income. Investing in that as well as getting passive income. So that’s a very efficient play there. Real estate all of your listeners understand real estate. But we’re really like we are looking for very unique types of opportunities, right? We’re doing JVs with family offices. Sometimes getting access to opportunities that might be you know, only You know people playing at the institutional level, but we’re able to kind of come in with our relationship with our reputation and get in and get access and then bring that to our investors.
And then we also have a merchant cash advance fund. This is another big play that a lot of billionaires have been focusing on trying to take advantage of the banking system and all the shortcomings in banking these days. And doing short-term lending and then getting, you know, double-digit returns on a cash flow basis from that.
Bronson Hill: Yeah, it’s great to have multiple strategies and those are things we’re passionate about too. I mean my background before I started working with Bronson Equity and you know the stuff we do with real estate and other things was in medical sales. And so I worked with a lot of Physicians and I know for high earners somebody makes you know, especially in California. They’re making you know, as much as a million or millions of dollars.
But they’re paying 50 percent in taxes, especially because of the state taxes as well. And so if you can find ways to reduce that and people don’t realize like, wow I actually can reduce ordinary income through energy or even the real estate professional designation if somebody either they may their spouse could become one or something. There are different ways to do it, and that’s great. So we could talk a lot about that.
Let’s talk for a minute about real estate. I know rates have risen a lot in the last couple of years. We’re not seeing a lot of things that are providing cash flow for investors. Are you seeing any good deals out there in real estate? And what are you?
I guess depends on people’s goals and kind of what they’re looking for. Whether it’s appreciation or cash flow, are you seeing like what’s your kind of opinion on where real estate sits right now? Is it again, that’s a very broad question and real estate has so many different assets and sub-assets and everything as well, but talk to us about what you’re seeing there from an investment standpoint.
Dave Wolcott: Well, we’ve been extremely cautious on the multifamily side because even operators saying that, hey we’re buying this asset on a discount right now we still think it’s overpriced. And we have a portfolio manager on our team who is also a former financial advisor so we can provide extensive due diligence on our opportunities.
So we say no to 99% of the deals that come across our desk. And we’re unique. We’re not looking to do a deal every month and have a crazy kind of deal flow but when we have a deal come across it’s fully vetted. And again super unique with those asymmetric returns and you know, just to give you an example.
Our latest opportunity was a ground-up development build-to-rent there are only two states in the country right now, it’s Florida and Texas where you can do a build-to-rent. So, this property is in Fort Lauderdale. So, we’re partnering with a family office and a developer to build a 380-unit condo building and one of the unique things is that they’re pre-selling the units. So that by providing free equity into the deal you can get outsized returns.
Bronson Hill: Yeah, that’s great. So that I think build to build to rent some very interesting space. So, in our business, we’ve had over 2001 phone calls with high net-worth investors. I know you’re talking you’re working with the ultra-wealthy as well. Talk to us a little bit about you know, I know sometimes I’ll have a physician who’s worth five million dollars who owns his practice.
And it’s like just only done stocks and bonds and has a money guy who works for one of the big Wall Street banks. Or you know as as an investment advisor, what do you think is like what are kind of the first few steps for someone like that? That’s like, oh I should look at this world of alternative assets and kind of almost says like Neo and the Matrix has taken the red pill and like maybe this Wall Street thing isn’t serving my best interests. Like what do you think are the next few steps someone should do when they’re getting started looking kind of outside of the traditional route?
Dave Wolcott: Yeah, Bronson. We have a virtual family office. During our initial onboarding session, we spend time with entrepreneurs and high-income Individuals and again really try to understand their vision statement first and foremost. I think a lot of people kind of miss that right and it’s so important. We always do that in businesses. But oftentimes we’re too busy in life to just focus on what am I looking for?
You know, am I trying to create more time? To spend with my family in life or you know, do I want to have more time to go travel or maybe it’s philanthropic, right? Some cause that you know, you’re burning too. So once you can understand that then the investor can get behind okay, what are the vehicles that we can choose, you know to put into a bucket to support that? But if you break it down and you start to look at portfolio analysis, I mean I’ve talked with Michael Sonnenfeld from Tiger 21, right and they talk about their portfolio allocation and you know, what’s unique right is, only about 20-22 percent is invested by ultra-high net worth investors into public equities. So what does that tell you that one-tenth of the one percent are not investing in the roller coaster? They don’t have that much exposure, right? They’re also investing in their businesses and private equity and real estate and other assets, right?
That can get you a three-dimensional return versus a one-dimensional return in the stock market.
Bronson Hill: I think that’s great. You know way to look at just to continue to look outside the box and see, what are some things that maybe I wasn’t brought up with or wasn’t kind of trained in or just wasn’t kind of on the look. But again the more, I talk about this in my book where it’s like that. We look at traditional finance and we realize it’s just not there to to serve people all other needs that they wouldn’t, you know need very well. Let’s talk for a minute about private.
Dave Wolcott: Yeah, I mean, let me just say Bronson, right? I mean if you’re trying to be one percent or you are one percent. Why are you taking advice from 99 percenter?
Bronson Hill: Right, right. Exactly.
Dave Wolcott: Yeah, you need a completely different strategy. You need a completely different set of advisors.
Bronson Hill: Yeah, exactly.
Well, and that’s what I remember, I heard Robert Kiyosaki recently, that the older he gets the more passion he gets and the more intense he can get sometimes but everyone type is just like stop listening to poor people. Like, you know sometimes the strategy that people use to get wealthy is not the traditional strategy that we’re taught or people or at the kind of the the main thing is.
Dave Wolcott: Right, in my book, The Holistic Wealth Strategy that’s exactly why we have the first phase is a mindset, right?
It’s all about you and actually how you think, right? Because so many of us have limiting beliefs based on where we were raised, right? Just like I talked about my story, right?
All of these challenges, you know being in a middle-class environment and limitations really in your thinking. But once you can change your thinking you can create your vision statement. You can create goals and habits that support your vision, it’s amazing. Do you know what’s possible?
Bronson Hill: Yeah. And that’s where I think one thing I resonate with you Dave is that you’re very much a vision alignment person where you’re doing something. You want your family, your health, your goals, your spirituality everything to line up with what you’re trying to do. And I think that’s for a lot of people you don’t have that intuitively that’s something that’s got to be developed. But if we don’t forget getting the results that we want we have to step back and say well, what’s the result that we want?
What do we want in life taking the time to do that is valuable. So, I’d love to give a process for that. I want to come back to that thought on personal development. Talk to us a little bit about private equity that’s something that’s become a lot more interesting to me lately just seeing that. There are great businesses out there that will sell, even small businesses particularly sell some for one to three times earnings or five times earnings or just something. That’s a pretty low multiple compared to how if things were publicly traded they would be sold for. And typically there’s a lot more cash in a business like this and that’s one thing we’ve really in the last couple of years. We’ve tended to push more things that are business related or our cash flow related because a lot of real estate is not cash flowing even you know, may cash flow one day.
We’ve got some development projects and other things but talk to us about private equity and kind of what you guys are doing In that space and what you’re seeing there.
Dave Wolcott: Yeah, I mean we’re not investing specifically say in small businesses in that, you know, PE model, right? That’s buying small to midsize enterprises and trying to optimize them and things But you know, one of the ones, I had mentioned earlier was the merchant cash advance business right and this industry is growing at over 20 percent combined annual growth rate. And it started, you know 20 years ago and it was at zero right and what’s so unique is, let’s say you have a small business like you know, a restaurant owner He’s got four different locations doing well. He wants to go ahead and open up that fifth location. Well, he goes to a bank and it might take six months to get funding if he does.
Well, we can do underwriting quickly and have him funded within a week or potentially even days. There’s personal guarantees on the actual lending right the funds that he gets and then that’s paid back to us at an average loan cycle of only seven months at a 34 percent return. So I mean you want to talk about velocity and cash flow and so as soon as we take back that loan. We bring it right back into the fund and then start loaning it out to the next deal So it creates this amazing amount of velocity and from a risk perspective, right? We never take more than a five percent position in any different loan. And then we’re also invested in over 20 different industries at the same time.
Bronson Hill: Yeah, amazing amazing. So you said like as a 30 Over 30 percent annualized return when you look at that.
Dave Wolcott: Yeah, that’s that’s what’s coming in.
Bronson Hill: Yeah. that’s incredible.
Dave Wolcott: Yeah, it’s amazing. I was gonna say that it’s just like hard money lending if you think about it’s like hard money lending in real estate and you know businesses are paying a premium on that money. But think about it as a business owner. It’s like hey, if I can’t get funded by the bank, how am I going to grow my business?
Well here is an alternative source that I can get funding. I’m going to pay the premium but look, I’ll pay this thing off in seven months and now I have a whole new revenue stream, right? So we are helping small business owners with that solution and you’re going to continue to see a big rise in this whole alternative lending space.
Bronson Hill: Yeah, it’s interesting how this is something we think and I noticed this with our ATM fund because it’s like a 20 almost a 25 percent cash on cash and people are like that’s just crazy. Like how can you project a cash on cash? But like 10% of the U.S. population doesn’t have a bank account, right? And so there are over 30 million people that are just operating in cash using prepaid debit cards. And so it’s the same as what you’re talking about It’s like well, I’m not in that position of a business needing capital, but if you don’t have capital as a business you’re either out of commission or you’re unable to expand. I have a friend who called me today who’s a psychologist. And they have a program that if you are a federal employee you have to like front a certain amount of your there’s a way he has to have come up with $40,000 for like two or three months and then they pay it back or they pay it off. They pay off a certain amount of his loan. So he kind of pays it up front but he’s trying to figure out how he’s going to finance this, right?
So he’s looking at like 15 annualized or higher. It’s just there are all these loans out there, but none of them are favorable, I think it’s when interest rates are higher that people just need cash, and if you can’t have cash you can’t grow a business. You can’t operate you can’t even really run your life. And so I think having alternatives like this can be super powerful. So that’s awesome.
Let’s talk for a minute. Let’s talk for a couple of minutes about personal development. You’re a big personal development longevity, Peter Atia all the different stuff and you know, it’s been said I think Mark Twain said the first wealth is health. Talk to us a little bit about kind of the personal development as well as the longevity.
Maybe you can start with personal development and let’s start there. Let’s talk a little bit about, you know developing a vision for yourself, your affirmations, things that you and I both do in the morning and how has that changed your life. And how has that developed over the years as a practice for you?
Dave Wolcott: Yeah, so it’s really interesting, right Bronson, right? We talk about passive investing Mailbox money, right all of this stuff, but once you start to unpack that you know. If I told you I could give you a million dollars in passive income a year, how is that going to change your life?
Bronson Hill: Right, right.
Dave Wolcott: How is that going to change your life, right? We just had this amazing experience at our annual retreat for our mastermind group. Where we did a wealth vision mind mapping exercise and we started at the center of the piece of paper where people could write down their wealth vision. And what that wealth vision looked like to them and then start building off of that like well what’s important to you? You know if I gave you a billion dollars today or a million and passive income what are you going to focus on?
Is that going to be more time? As a is that going to be investing in your family, right? Maybe it’s creating more purpose. But ultimately as Dan Sullivan likes to talk about it’s focused on four freedoms in your life that you’re looking for right which is freedom of money. To be able to create a future that’s always bigger than your past it’s freedom of purpose to wake up every day and be fascinated and motivated by the work that you’re doing. It’s about freedom of relationships choosing who you want to work with and not work with, right? And continuing to grow right? So having all of these freedoms is the basis to this and then making this big paradigm shift to understand that we’re doing all these all this investing in different asset classes and all of this.
But you have to make the shift to understand that you are your greatest asset bar none. Every time I invest in my health, my relationships, my education, whatever it is. I can see a 100x return on those things that I do. So for me, I’m constantly looking to make psychological upgrades as well as physical upgrades with all of the investments that I can do. So I just did stem cell therapy for instance five weeks ago on my knees and it’s just it’s unbelievable. I mean I’ve had surgery in both knees before and had some limitations from Ironman and running, you know too many marathons back in the day and, I mean, it’s just phenomenal, right? But a lot of people might say they might have to limit beliefs that say hey that doesn’t work or my orthopedic doctor says that’s sketch or maybe you don’t have the resources to do something like that. Well, I mean I just probably added another 20 years to my knees so that I can go out and do more things. I’m involved not only do we run a mastermind, but I invest myself in some of the top ones, in the country as well, right? So I can be exposed to new ideas, new people, new thoughts and constantly growing. So anytime you have an opportunity to invest in yourself, that’s where you’re going to get the biggest ROI.
Bronson Hill: Yeah, exactly. I think, you know Warren Buffett says that the best investment you can make is in yourself, right? Investing in your education investing in who you are, and I think what you’re talking about applies in every area of life, right?
We’re not just people who will say hey, I want financial freedom, but it’s like, what do you want? You know, maybe you want time freedom, you want to travel, you want to have and so it exists in other things. Sometimes we’ll say we want one thing when it’s something else but my background in the medical field.
I see people that were 60 and they run like death doors, it’s like man if you just take care of yourself and not been overweight and not been a smoker or whatever like would have 20 plus years more of of good health. And better experience of that to going through that versus just like trying to barely make it or having other things as well. So, I think that’s what’s great. Let’s talk a little bit about some of the other personal development stuff that you’ve done as far as just I know you’re a very centered person. You’re very focused like you said you get around great people but what are some practices you do to kind of center yourself or kind of, I guess maybe in the affirmation space or just in clarifying your goals and clarifying what you want?
Are there some practices that you do? Maybe daily or even annually or what are some in between that you would do to kind of help get you focused?
Dave Wolcott: Yeah, I think it’s encapsulated in my morning routine, which I call my morning success routine. So I wake up, I enjoy a cup of espresso. I immediately go outside and try to get light even though I get up early. But trying to get first daylight is very important. I’m outside and I start with a gratitude practice. So in my head, I’m reviewing, you know what I’m grateful for that day or what happened in the previous 24 hours?
And that starts to get me centered and then I move through a positive focus where I think about what were my three most impactful wins that I had in the past 24 hours. Or maybe it’s in a given month or a quarter, but I’m building up that reinforcement of positive focus. And then that starts to get my mind going into okay. What can I do next right? What are the next opportunities to move the needle?
How can I serve other people even better? What bigger problem can I solve right? So it’s all about thinking right. It’s having this key thinking time and then I’m doing a lot of cycling so usually 90 minutes on the bike and the best thing is I get to be outdoors, Bronson. Working on my health and I’m innovating, I’m problem-solving when you’re working out, and when you work out you have all the release of chemicals in your body.
And so your thinking has so much more. There are more emotions attached to the ideas that you’re thinking about. So when I come back, I’m charged up about what can I do next. What is it going to be that day? What is my main focus for the day after I work out I hit the cold plunge then I meditate on my PEMF mat which is amazing.
Just really grounds you. Also managing your nervous system better can down-regulate much better and then I’ll probably do a little breath work. And then I go into journaling and you know setting my intention for the day. So, that is the foundation for me to own my day and be super grounded and intentional.
Bronson Hill: Yeah, yeah, it is amazing when you have a good routine in the morning and you kind of have it all in there. You’ve got exercise you’ve got your meditations. You’ve got your health stuff. I also have a cold plunge I do a lot of running as well and you know just all this stuff is amazing. Because it helps you too I think some of my best ideas come when I’m outside of the office and you know I’m actually out exercising or I’m doing something different.
That’s why I love traveling to whatever space camp next month and in India as well. And so just doing some of that is great. Well, they’ve wanted to ask you a couple more questions and then we’re going to kind of wrap up here.
But tell us you know again if you were to go back to your 20-year-old self, what advice would you give to yourself when you were younger? I know you’ve had a lot of life and you’ve had your kids and of course triplets all at once. That’s a big life change as well but what would you say?
Hey, here’s something or what do you tell you? What would you tell your kids? I guess or what do you tell them?
Hey, here’s something you should consider
Dave Wolcott: It’s really that Bronson, it’s that you are your biggest asset. And you need to invest in yourself because the only thing that’s holding you back is you. And it’s whatever you want in life, you know, it’s creating that more freedom deeper relationships bigger experiences all of those things. It’s the only thing holding you back how much money you’re making. How much you’re investing? How much mailbox money do you have? It’s all in your head, right and I’ve seen countless examples of people I mean we have you know, let me just give you an interesting example, right?
So, we had someone join our mastermind group fairly recently same thing, right? He was taught by a financial planner, you know traditional finance very successful entrepreneur and business owner with high income doing well. But he had all those traditional things after a few months of our learning and education and mindset and kind of just thinking about all of that. He was somewhat capital-constrained, but he was looking to reduce his taxes and everything and then learned how to purchase a short-term rental. Reduce his taxes by over 100k in that year and pay no money down because he did seller-backed financing and then created a passive income stream.
I mean so he did all of that by just thinking right and creating money.
So it’s just such a great example and then the numbers just can’t keep getting bigger when you’re able to focus on this kind of ROI type of exercise and change your thinking. It is amazing I mean, you know again Henry Ford said thinking is hard work, which is why so few people do it, right?
Bronson Hill: Actually, just give yourself time and space to think. Well, Dave I just probably really acknowledge you for coming on the show today and for what you’ve created for yourself, for your family, for your investors. And I just see you as someone who’s giving back to others and trying to help folks. I mean for a lot of us we wouldn’t we don’t have a lot of the things we could be doing with our time but because there’s a purpose there of really helping and giving back I can see that in you and that you have a passion to help others along the way. So I encourage everybody to reach out to Dave and how can people hear about your book and your podcast and hear what you’re doing and follow your stuff, Dave?
Dave Wolcott: Yeah, the easiest way Bronson if you want to get a free copy of the book is just to go to holisticwealthstrategy.com And you can download a free book.
Or if you want to check out the podcast, it’s Wealth Strategy Secrets of the Ultra Wealthy
Bronson Hill: Awesome, man. Well, I have a copy of your book. it’s on my list to read so I appreciate that and just appreciate you being a very abundant-minded guy and maybe a lot of similar friends and some similar groups as well. But appreciate you being here and thanks again for joining the Mailbox Money Show.
I’m looking forward to being on your show soon here as well. And I look forward to connecting in soon. So thanks so much for being here, Dave.
Dave Wolcott: Yeah, really grateful for the opportunity Bronson. Appreciate it.
Bronson Hill: Okay, so this interview I loved it was talking primarily what I got out of it was being willing to invest in yourself. Dave talked about his morning routine where he does exercise. He does all these different things in the cold plunge and you don’t have to go out and buy a cold plunge now. Except it may improve your life. And I love my cold plunge, but doing things that invest in yourself because if you invest in your health. You invest in taking time away you invest in with your family. It’s going to give you wealth that’s not always physically tangible.
It’s not always like hey money in your pocket but it actually will lead to more money in your pocket. So, I found sometimes the idea of less is more if I can focus on fewer things and do them then I can see a lot of benefits from that. And then I love that he talked about too in you know real estate there’s some stuff there. But focused on some of these other things like energy and private equity other types of deals that allow for cash flow and so that’s super interesting to us. We’re doing deals with multiple deals right now that have cash flow involved if you haven’t done an investment club, you go to bronsonequity.com to check that out and I appreciate you taking the time to educate yourself truly don’t take it lightly. It’s very humbling. It’s honoring It’s great. It inspires me to want to grow more.
So thank you for being here at the Mailbox Money Show.
We look forward to seeing you on the next episode.
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