Curtis May is out of the great state of Philadelphia, and He is the Creator and owner of The Practical Wealth Advisors. And the host of The Practical Wealth Show Podcast, the primary focus of his financial planning firm is to help individuals and families become financially free by following the principles of wealth creation that have endured for centuries around the world.

He is part of the Prosperity Economics movement and is dedicated to breaking down each client’s unique financial situation so they can rebuild it to fit their ideal lifestyle.

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On Becoming Financially Free through the Principles of Wealth Creation with Curtis May

 

 

Brett:

I’m excited about our next guest. He’s out of the great state of Philadelphia, and He is the Creator and owner of The Practical Wealth Advisors. And the host of The Practical Wealth Show Podcast, the primary focus of his financial planning firm is to help individuals and families become financially free by following the principles of wealth creation that have endured for centuries around the world and so much more. Please welcome the show with me, Curtis May, how are you doing? 

Curtis:

I am great, Brett, thanks for having me. 

Brett:

Absolutely. It’s a pleasure to get to know you a little bit here and looking forward to this interview. So before we get started, would you tell our listeners a little bit more about your story and your current focus?

Curtis:

So my story is I’m the is all still have some toes are trying to do as well on the anti-Wall Street financial advisor. And I teach something called principles-based planning, I actually got into the financial industry. Typical out my focus is like by term invested difference. And I was really cut me that specialize in that for 12 years, I actually got my licenses to do business, my insurance license and a couple of years after that my skirts license, but I got my insurance license in college, my junior year when I began to realize the NBA was not looking for 5’11 shooting guards, and with a mediocre handle. So I but I’m a third-generation entrepreneur, my grandfather was in business, my dad was in business. And I heard for the time I was seven or eight boys, never making money work for somebody else. And so I thought you majored in business to go into business while I was in college was shocking. Nobody else is thinking that way. And I got into the industry. Midway through probably late 1999, I read a little purple book called Rich Dad, Poor Dad, and I started to realize what he was talking about and what I was doing max out your 401k buy term invest, the difference was that it didn’t gel. And then we started, you start studying, like successful people, as I tell you to look at the Forbes 400 they’re on there, they build businesses, and they buy real estate, but that’s not what we were teaching. And so it took me a minute, five or six, seven years to kind of figure out what I wanted to do with that knowledge. And, but it kind of clicked for me around 2010 I read a little book called Becoming Your Own Banker. And then I kind of been you know, doing business that way kind of focusing people on the velocity of money over accumulation. And we’ve really kind of refined that into a process pi over the last three or four years. And here we go here I am.

Brett:

Amazing. He loves no secrets here in a minute. Before we go, I actually played some hoops in college, I was fortunate I was the sixth white guy who could shoot and had some handles right? So but they pay me you know, pay for school. So it’s just cool. So I have a love for hoops. So maybe we share a bit about a bit of that. But so Okay, so before we dive into some of those principles here on building practical wealth, I want to take a step back, Curtis, I believe we’ve all been given certain gifts in this life. And this gives me give us a blessing and help to others. And I want you to go back maybe to the high school days, college days, whatever, earlier days, and I want you to maybe remember, maybe one or two of those gifts that you kind of identified at that point. What were those gifts? Maybe the strengths some people call them superpowers? But maybe what are one of those gifts that you believe you’ve been given? And how does that help and bless people today?

Curtis:

Well, I think looking back at one I think in fifth and sixth grade I didn’t realize it like I did a Colby and I’m like a seven back fine. And so I’ve figured out that I could I’m really good at finding out what I want to know like information. And I can assimilate information really fast and draw to you on a yellow pad. And but one of the things I think that sports help like when I coach I always tell people, you got to have the will to prepare to win. And you know, our winning, everybody wants to win, but you have to do the work. So a lot of the things that I thought I felt slighted or insulted, you know, athletically or whatever, I could let that drive me. Like the whole summer. I’m thinking of an incident where a coach wouldn’t put me in a like a practice. You know, when a new recruits come up, and I was insulted and I that drilled me where I shot 400 shots a day. I ran four miles a day. You know, I just can’t back a better player because I was so pissed off. So I can hold on to that in a good way for a long period of time. So I really do the same thing. In business. I think I learned it, you know, translating it from Sports where I wanted to be the best, you know, at what I’m doing. And I recorder I read this book called The 12 week year, and I try to, you know, what we’re trying to do in 12 weeks, which you can do in 12 months, and every quarter one of my goals is to learn something new or get better. And that is kind of direct. from high school, college. I always want to get better. I’m going to work on my laptop, I go play ball, it’s okay, today, I’m just going to go left today, we’re here Why don’t you know you need to go somewhere new enough to prove yourself. Okay? And you can just say alright, I’m just going to work on my left-hand side, I’m going to drive left I’m gonna go to the basketball What do I do that in business today? We’re always trying to compete against me and I’m always trying to get better every day learning more because yeah, that’s kind of what I that’s a direct thing I think I take from my background in sports.

Brett:

I really can’t relate so much to that. Absolutely love that right. It was the internal drive with myself. But I let you know external fuel that fire right and and and try perfect the craft and yeah, working on the left arm never remember. It was like third grade at a coach and he’s he said you gotta be able to you know, go right and left. And so that summer was just working on my left-hand layup and I came to a point where eventually I could go both It was no there’s no weakness. He’s silent. I watched Kyrie Erving and the other night and he does his bank shot with this left on the spin. I’m just like, he sews it’s just it’s so effortless the way he does that. And so I love hoops. And that changes everything. So cool. I like how you apply that to business. So now let’s dive right into business. So first question, how do you define practical wealth? And then what is prosperity economics?

Curtis:

So practical wealth is trying to teach what I call principles-based planning. So it’s practical so it’s no trick plays their principles to handling money. So like if you guys have read the richest man in Babylon, you know, because really cool. So what do you do I really teach chapter two of the richest man in Babylon the seven chores for a lien purse, because you want to know the basics you master like basketball, right? You mastered the basics. And so it’s the same thing with finances. And so prosper economics is really looking at the world differently. When it comes to finances, we teach it there are two schools of thought when it comes to personal finance, there’s what we call the accumulation theory, which is when so when you’re hearing buy and hold dollar cost average guy that by term invested difference to build developing retirement nest egg, um you know, but dollar-cost averaging all that is based on the the the theory that if you will stay in the market, long-range, it’s the assumption that the market always goes up. And it’s based on accumulation. But when you look at it, if you start to study people with serious money, they don’t do that. We call that we teach the EITC velocity method, right? So the velocity of money is a principal economic principle that money’s got to move, we talk about cash flow, we talk about leverage, we talk about, you know, permanent insurance products. So when you study, you took a corporate finance course you see more of that. So prosper economics, is really teaching people how to do what the banks do with the mutual fund companies do, how can you apply their business strategies, their model, and their philosophy about money to personal finance? And so that’s, that’s what I do. That’s what we teach.

Brett:

Excellent. So it’s the accumulation theory versus velocity method. One is more may be stagnant. A one’s more. I don’t know if you’d say passive is the

Curtis:

Yes.

Brett:

Perfect. So what’s the first secret to I guess breaking out of the old mindset of accumulation theory and getting into the velocity method? Or what’s the first practical step that you would recommend taking?

Curtis:

Well, so there’s five so let’s, let’s talk about the four the ideal plan, right? We core forest four cornerstones is you want to build maximum wealth is what you’re trying to do less. So I’m gonna make a go backward, and I’ll drill down a little bit. And then you want to be able to utilize all the wealth that you’ve created, I want you to do it. Now. I don’t believe in a different life. We want to be able to transfer our wealth to our families, our wealth, and wisdom. And then you want to have a plan that works under all circumstances, right. So you can’t have a plan that only works when markets go up. Because markets go up, markets go down, markets go sideways, and you need to know how to make money. In all four, right, so what I teach is principles-based planning. So just from a philosophical standpoint, there are principles that are unchanging, their strategy. And then there are tactics. Okay, so principles drive strategy, strategy drive track. So I’ll go through them real quick. And then we can stop and dig deeper into the ones you want to get into. So the first principle is to save, right? And so we talk to our clients about today is, is there a difference between saving and investing? Yes, there’s a big difference. So most people are taught to invest, we teach people to capitalize, and I want people saving, and it does not count their 401k 15% or more of their gross income. Okay, so that’s the first principle second principle is always run through the maximum protection. So I call it playing defense bread. So you have to play defense. So you have to you can’t buy homeowners insurance when your house is on fire. So we walk people through all their protection and car their liability, should you have umbrella policies? Do you have your state plan? Do you have your entities, do you have proper life insurance, your human life value, because what you want to be able to do is you have to protect the kingdom it or the Empire you’re trying to build, and you can’t, you’ve got to do it. You can’t like to create an LLC and move your assets if you are involved in a lawsuit. So you have to protect that stuff beforehand. So that’s the second principle because what we find is that too many people want to skip steps because it seems boring. And they don’t want to, I just had to have this conversation so much, oh, I just want to do this. It’s like, Listen, you don’t have a plan, you’re running around buying all these courses, but you don’t have a fundamental plan of if you’re lucky enough to get some is to work, you don’t have a plan for what to do when the money hits your accounts. Right, you don’t manage cash flow, right. And the third one is for you, I want to make sure that you leave a legacy for the placement of assets at death. The fourth one is one of the most important ones is liquidity. The number one problem I see is the lack of liquidity on an individual level, you know, so I want six to 12 months of cash, okay to pandemic prove that most people are too illiquid, okay, they can’t withstand an interruption in the capital, they can’t withstand downturns, I have any money. If opportunities present themselves, you don’t have as much capital. So that’s major. And then the fifth is velocity, we talk about the velocity method, what we focus on is teaching our clients to look to buy or build assets was an asset something that generates cash flow, okay. And so we focus on cash flowing assets, not focusing on just growth or just capital gains, you gotta you have to look at because you can’t eat equity. So we want to teach people to focus on velocity on velocity and cash flow. That’s kind of a long answer, but

Brett:

it’s a great answer. Yeah, there’s like those, those five, and I got saved maximum protection. I think I missed the one between that one.

Curtis:

Before replacement of assets and depth. Principle four is liquidity. Yeah. And in principle five is velocity. So you know, getting into Okay, I’m going to move my money through assets to buy things that generate cash, you save the cash, and you buy more assets generate cash flow.

Brett:

Beautiful. I love it. All right, that sounds fantastic. So now let’s shift this into real estate, and tax deferral, you know, part of our, our, our podcast is capital gains tax deferral. So I’m curious, do you own investment, real estate yourself, Curtis?

Curtis:

I only have one. And we’ll probably have our goal, we’ll have about three before. By the end of the year, I, out of the four asset classes that we teach you those four asset classes, business, real estate, paper, and commodities. My favorite because I guess I’m a father-son, his business because I can make a bit I can, that’s my fastest path to cash is creating value in the marketplace and generating money. So then you take the profits and you buy real estate, but right now we’re focused on growing our business.

Brett:

We’ll focus on the business for a second. So what’s the biggest frustration you found either for yourself clients or friends when it comes to tax deferral when selling a business?

Curtis:

So I haven’t had anybody sell a business but the I actually like to get the taxes paid. I mean, a while they’re doing it and looking at the tax code to structure the biggest frustration with the people in business is one they don’t really have a good tax strategy for the money that they’re making. And lead generation and cash flow management. Those are the big three that you know, when I’m talking to people that I see haven’t worked with a lot of people that have sold businesses, I’ve actually got to get you on my show. So we’ve talked about that.

Brett:

That’s great. Yeah, absolutely I in structuring S corps or structuring, you know, C corps or LLC’s depending on how you’re doing right and making sure you get the maximum write-offs.

Curtis:

Oh, yeah, so well, so lets me know. So because when people think, well I got it, I started a business and I opened up an LLC, right? And an LLC, correct me if I’m wrong, in and of itself is just a Schedule C, right, your sole proprietorship or partnership. And so what’s your I think the two worst ways to be in business because when you start to make money you don’t get hit with that self-employment tax. Okay. And it’s no deducting your way out of that. So that’s when you need to look at in terms of, I don’t know, think of it. I never thought of tax deferral, but just restructuring telling the IRS how you want to be taxed. So now you can tax as an escort, pay yourself a salary. Now you don’t have to pay the self-employment tax. So you’re both halves like you do as self-employment. So that’s one of the biggies is in talking to you about that. Oh, I’ll see. And I’ve got comments. Oh, God, I had $15,000 in tax. I said I have LLC, I said, Well, what? What type? are you? How are we? How would he let you do you have? I don’t know I saw you. So you file a Schedule C? He goes, yes. I said, well go to the XYZ page, you see where it says self-employment tax. He told me about how much he made. I said, so it’s about 15,000. Right. So yes, I see you call your accountant in need to talk about, you know, I forget the foreigner but creating the SE election so you can keep more of your money. Okay. And is that what you mean?

 

On Becoming Financially Free through the Principles of Wealth Creation with Curtis May

On Becoming Financially Free through the Principles of Wealth Creation “Don’t beat yourself up. Some transactions will naturally go smoothly, and others are a month of challenges. Learn what you can from each transaction, move on, and start the next one.” – Kurt Uhlir

 

Brett:

Absolutely. That’s a great answer. There are lots of things you want to consider. Yeah. And then typically, it’s just depending on how much you’re making per year. What do you make that change? change? I first started my LLC. So you know, we didn’t necessarily file a convert into an S Corp. file as an S corp is the correct way to turn that. Yeah. And, and, and, but once you’re making a substantial income, check with your CPA, we don’t give tax or legal advice. Individual stuff, but yeah, it’s important to know when to do that and do that early. Right, before it’s too late. Excellent. So, um, the talk about to us, you know, like with clients coming to you, Curtis, what’s the number? What’s the, you know, the number one thing that they

Curtis:

Your the number one thing is they, here’s what people do, they ask for? what I call club questions, right? And a club meaning that I always tell people to look, well, how does your business work? Or they’ll say, how do you get paid? And I said, Well, there are two ways. Let’s say you’re going to play in the matches, I got two things to give you but you only have one, I can give you the clubs that are the best players on the tour, or I could touch on the shoulder. Which one, you know and give you Tigers or Phil’s This is just one ability. So I gave you as clubs or as ability. I’ll ask him which Roger I have. They go I want the swing. Great. Now, so most financial institutions are club manufacturers, okay. And most financial people are clubs salespeople. So this that the backup, so mostly I get club questions, right? Should I get a set? or traditional or solo 401k? Should I get, you know, term insurance or a permit? Should I get a 15-year mortgage or 30? So they ask club questions, but they don’t really ask, but I’m the Swing Coach. Right? So they don’t really have you know, what’s the most efficient way to create wealth? Okay, is most of the number one problem I see with families and with business owners is lack of cash flow management, okay? And they just don’t know how to think about how to pay themselves and get money out of the business. So I don’t really come to me with that. But I know that’s a problem. So how are you paying yourself? You know, how do you pay? You know, are you paying yourself a salary? Do you set aside money for profits? You know, tell me how you organize your cash. I mean, a lot of times, that’s where the rubber meets the road is cash flow management, they all want to invest, but they’re giving more money away I call these wealth transfers. So you know, those who keep things the key to growing their money is investing but you really have to become more efficient. You can look at your debt. You can look at how you pay mortgages, you can look at taxes, you can look at how you fund retirement plans, kids education and major capital purchases whether in your business or personally there’s more money loss in those five things like if you just learn to identify leaks in your business or personal economy. That’s what they don’t think about their buy just wants to you know, hit a home run. And what I try to do is help people plug the leaks because I can talk to you for 10 minutes and I can draw you out where you’re losing money yet. Let’s let’s keep is easier to keep it than to go like every dollar you Save As $1 to your bottom line. And so we The first thing, when I work with businesses, we talk about that and it’s not sexy, but it’s more money to find there. So I actually help people audit their cash flow and help them save, you know, you got to keep the money that you make, and stop losing money.

Brett:

So we were talking about lack of cash flow management, you’re talking about, you know, people earning the money, you know, but they had these leaks in the pipes, right, the money and, but it’s not going to the places like savings, like reinvesting back into the company. Like it’s maybe paying too much tax, like the LLC not being converted to the S Corp. It’s, it’s doing these things that are not efficient with the cash flow, is that a fair summary?

Curtis:

Yes, that is desert. It’s like, you know, everybody’s trying to grow, but you’re losing money out of the back door. And so you have to shore that up first, you know, because if you go out everybody wants to spend money on marketing, but they’re, they’re in it, they don’t you got to make money, you have to keep it and you have to grow it right. And so you’re throwing money at Facebook ads, you don’t know how they work and it’s coming in and you just are, are people inefficient on your marketing that’s a whole other topic. I’m gonna work on a program on that and one three ways to grow your revenue but because I’m the advisor that can talk about the three ways to grow your revenue because marketing is your business that’s the business that you’re in wherever it is you think you’re in a marketing business right? And then but when it comes in you got to keep it so it starts with deciding that right back to the richest man in Babylon part of all I earn is mine to keep that’s just got to be a philosophy you got to keep it and you’ve got to take it off the top see most business owners want to wait too long I pay my bills I pay my people and I’ll if I have any money left over out, I’ll save it so great book with to get that my mindset is Profit First by Mike Michalowicz, right? And so your business will eat up all the money you give it. Okay? And so you’ve got to systematically take you to know, I’d like for accounts so money comes in, boom, I’ve got a profit account, I’ve got a tax account, I got my operations account, and then I pay myself a salary. All right. And so you’ve got to get money because you have to be safe you shut everything down. You’re still supposed to be financially dependent, right? You’re still supposed to be rich that means you got to get money out and you know, buy real estate and start other business I was listening to Jay Abraham and one of the things he talked about is every year you should buy another business like you should like on an urn out like with cash money but you should set a goal to add new revenue to your business by buying or the business I was hurting I want to pocket that was Britain’s I wrote that in my journal. Okay, how can I do that? You know, let’s start thinking about you know, because buying is a new starting you know, and we’re in so black you don’t think about that, but you’ve already got mark a business that’s already generating business and you know, that half the most of the business owners businesses are baby boomers, they’re tired, their kids don’t want the business. And a lot of times we don’t think about that, that kind of stuff, how to scale by growing but you still have to get your financials tight. You know, you have to make sure that you’re saving money you have to make sure you know we teach a strategy called becoming your own banker you need to you know, everybody’s two businesses the one that they make that keeps the lights on that and their banking business because you know, we teach people is the model Bank of America How do they make money? Well, how can you incorporate that business model into your personal and business economy? So that’s like, there’s a lot of stuff going on, but it’s really simple.

Brett:

And by the way, just practically speaking, like just curious personally, like are you a bank account you open up four separate accounts and by the way, I highly recommend mike Mike Michalowicz and Profit First and in the pumpkin plan. are you setting up, you know, just four accounts at the same bank? And you call it the, you know, the profits, right, say the operations and payroll pay yourself, right. Is that how you do it?

Curtis:

Yeah. And I have like, three, four. personal accounts. Yeah, the same thing. So I move it out of the there only thing I do differently. I teach a strategy called cash flow mapping, where I have my own software, I teach it so I integrate that I was talking to somebody that did that was a bookkeeper to had on our show to do profit first, but she didn’t know what to do with the profit money. And I said, Well, here’s Let me show you how to connect the dots. And I showed her where she could move that money into we just showed how to use permit insurance as a place to store cash for life. And how you can now leverage your capital without liquid idiot, right? So now I use that money to buy or build assets. I use it for tuition, I use it to buy cars, I use vacations and recapture my money. So now Because you would win a rush that says, in principle in the book Rich Dad, Poor Dad, lesson three is Mind your own business, right? And so when stuff hits your asset column, you got to work to never leave. Okay? And so there are ways to do that. But again, it starts with your philosophy, your mindset,

Brett:

That is very well said, by the way, I’m just curious. What bank Did you found to be the most seamless for all of the different accounts?

Curtis:

I just yeah, I mean, it’s nothing scientific. I had just I had been with what was it? Cobia, It was accounting for I basis, Wells Fargo, I just haven’t been there. I think I have enough money. Now, I haven’t noticed them charge me a little ticky-tack fee, but they do if you don’t have a lot of money, or enough money to you know, to keep the levels off. So I guess I have that. So I haven’t noticed that. But there are probably other banks who do it. I think the bank doesn’t really matter. Because it’s can you do online banking? Is it convenient? Do you know how it works is really the most important thing, you can get a little bit better rates with an online bank on remote them, but you know, but the key is, is not going to stay there that long, right? Because it’s all about velocity. So you’re moving them out, you’re moving into other assets. And so you’re never gonna you’re not gonna accumulate your way to financial freedom.

Brett:

And the quicker you’ll be like QuickBooks Pro to, like, help manage like the cash flow and the flow of the funds, you’re connecting accounts. What do you use there for that?

Curtis:

Yeah, you know, I use the Wells Fargo account tracking with, I got to fix it because it’s a glitch in it. But wave accounting, which is free.

Brett:

Wave, like a surf wave.

Curtis:

Right, like Google Chrome. It’s like a free app. And you can get it has, you know, you can do invoicing and they have bookkeeping built-in.

Brett:

For the folks out there, if they’re curious where to start.

Curtis:

It’s really simple. Yeah, you got to get the accounts, which allows you to do it a wave is free. You could get like QuickBooks Online, you because you need to see the part for the tax part. Also, you need to track your stuff, you need to take pictures of your receipts because you need to get with a good tax strategist. But you need to keep good records. Okay? See your eye that’s your job is to keep good records. So you got to have some tracks your mileage, that kind of stuff. Because your I bought printers in like February, right. And then by the time the end of the year, I’m doing my taxes I forget, well, I bought two printers and a laptop and you forget all about it. Because just that was a long time ago. You’re blowing and going so you forget things that you should be writing off so you just got to do it and not try to trust your memory.

Brett:

I do write out right when I do I just take the picture of it put it in my quicksave it and then it’s there. And then I just throw the receipt away. I don’t even want to see it again.

Curtis:

Yeah, if I go to staples, I will take another 3040 seconds to sit there in the car, logging in, boom, you know, it’s just once you get the routine it’s easy, you know, you can get like MileIQ and track your mileage and you know all that stuff. So it’s little hacks that you can do to help you you know, keep more of what you make because you’re number one wealth transfer is taxes.

Brett:

The biggest expensive Yeah, right. So she got excellent. Well, we were talking about building practical wealth with Chris Curtis may and you can find more about Curtis May on podpage.com four slash the hyphen practical, a hyphen, wealth hyphen show.

Curtis:

I’ll fix that.

Brett:

But you can look up The Practical Wealth Show. So it’s courtesy. So Curtis, are you ready for the lightning round?

Curtis:

I am.

Brett:

Alright, so knowing what you know now if you go back to your 25-year-old self, what’s the one Golden Nugget you would make sure to tell yourself to do?

Curtis:

Learn marketing? Learn marketing, I had since I didn’t understand mark, my business is always up and down. And I was always prospecting, right? And you have to learn how to build a system that attracts continuous clients to you. That’s what I would tell myself.

 

On Becoming Financially Free through the Principles of Wealth Creation with Curtis May

Brett:

Perfect. What’s the number one book you’ve recommended to give to the most in the past year?

Curtis:

A rich, discipleship scholarship scaly I’ll say Rich Dad, Poor Dad.

 

 

 

Brett:

Favorite leadership quote or theme that you strive to live by?

Curtis:

What’s the guy’s name? Garrett White is a book as a quote I love He says he says “I’m a marketer. I’m a closer. I’m a leader, not a savior.

Brett:

Cool. What are you curious about right now?

Curtis:

I am curious about Turo, which is an Airbnb for cars. And so that’s kind of like my business add-on. I’m researching right now that will be my next quarter. I had a woman I just talked to you last night who heard me on the clubhouse and she says oh yeah, got the car she had a 2000 Seven infinity something with 200,000 miles and she was making $800 a month running out this car.

Brett:

Wow, he got me curious to Yeah, I even heard another one they come out with I don’t want to call but they’re like park your RV and you know my backyard kind of thing like I’m like what? Like Yeah, they’re making serious cash right and so my aunt and uncle have a couple of acres up in Auburn. And like they can park-like 10 RVs out there right and like they’re at this end of this coldest I mean way back then a lot of the sticks, so it’s not gonna bother anybody just you know, because no one else is really gonna see it just gonna be these big RVs coming through. But anyway, that’s really cool.

Curtis:

I have to, you have to what the theme of our show is wealth without walshy so you The world is full of people ideas and money. So you just have to begin to train your brain to look for opportunities to generate cash flow that you control. So anyway, that’s what I heard about that. So now I’m like, Oh, I like this. Yeah, cuz I can pick up a car for three 4000 got a car out there right now?

Brett:

much so. Right on. Well, last question, Curtis after all your success and helping so many people and loving what you do and, and all the people who help them build cash flow build velocity method of wealth building? How do you stay centered in your values? And how do you stay en

Curtis:

Well, I think that with the people I’m serving, I’m really driven by the mission of creating financially dependent families because I think 98% of that information we’re giving is wrong. All right. And so that drives me greatly because I was a proponent of that for the first 1520 years of my career. And quite honestly, I’m pissed off. So and so I want to just kind of share with people and our goal is a My mission is to teach people to think not what to think so I view myself as your guide I don’t tell people what to invest in. And but my mission is to empower people to think and you know that that’s really what drives me, and I don’t what’s the word I want freedom? I don’t like people telling me what to do. We have to clean out we have a membership called a cash flow and the goal is to get to what we call the fu position so and so you can do what you want to do. And passive income greater than expenses in the decade or less so that is driving I like I’m very contrarian. I don’t like people telling me what to do.

Brett: 

My kind of people Curtis I love and so that’s it really that’s it for the show, I want to thank you for being on the show Curtis and sharing so much inspiration, practical knowledge wisdom, I’m better for I’m smarter for it and I want to get more organized on my cash flow now that we talked you know, you’re like kicking me in the butt here. And but for our listeners who listening for the first time I want to get connected with you, could you remind them one last time where they can find you?

Curtis:

So I tell you what is the first way I would do is I would check out The Practical Wealth Show our Podcast and then I would look to my two easiest ways you’ll get more information as a The Practical Wealth Show our YouTube channel which I’ll give you the notes but if you search The Practical Wealth Show on YouTube, it’ll come up and I actually have a report I could give them if you don’t mind. Okay. So there is I have a report that says we talked about the velocity over-accumulation theory, I have something called a report called creating wealth using the velocity of money free report. And so you can get it by texting BTS, to 18334220250.

Brett:

Excellent Curtis more than a pleasure to have you on the show. We’ll be talking about building practical wealth with Curtis may want to keep using the gifts of teaching people to think and not what to think and having the tenacity to to to keep winning and growing and learning and working hard. So thank you so much for being on the show. I also want to thank our listeners for listening to another episode of the Capital Gains Tax Solutions Podcast, also streaming on expertcresecrets.com where we believe the highest net worth individuals and those who help them struggle with clarifying their capital gains tax deferral options not having a clear plan is the enemy and using a proven tax deferral strategy such as the deferred sales trust is the best way for you to exit your cryptocurrency real estate primary home, save it feel 1031 exchange and getting with someone like Curtis made organize your wealth plan and is the best way for you to grow your wealth. Please rate review, Subscribe, share this. Okay, bye.

 

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About Curtis May

 

On Becoming Financially Free through the Principles of Wealth Creation with Curtis May

Curtis May is out of the great state of Philadelphia, and He is the Creator and owner of The Practical Wealth Advisors. And the host of The Practical Wealth Show Podcast, the primary focus of his financial planning firm is to help individuals and families become financially free by following the principles of wealth creation that have endured for centuries around the world.

He is part of the Prosperity Economics movement and is dedicated to breaking down each client’s unique financial situation so they can rebuild it to fit their ideal lifestyle.

 

 

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