You only own 1 business? It’s time to have a serious conversation!
I’m from where your hustle determines your salary. - Rick Ross
So one of you (subscribers of The UHNWI Coach Substack) reached out, and asked for help.
Their life was remarkable, and I’ll help them make it perfect!
Some would want to refer to my new Principal as a “hustler”, while I prefer the term “person with a variety of business interests”.
Worth over $75 million USD through their diverse allocation of businesses they’ve become truly independent, and insanely influential in their community, living a remarkable life… yet not a perfect one.
We’re setting out on a journey of life perfection.
What you missed on “Money Monday”
Luxurious, Colorful Portfolios - When a portfolio isn’t enough
How to: Licensing your tax-bill away! - Probably one of the more creative ways to kill your tax-bill dead.
Income streams... yes, plural! - If Your Salary Is Your Only Source of Income, You’re One Step Away from Poverty
Blitzvest / Geopolitical Profit Centres - Pandemics, and Wars as Profit Drivers
Problematic Successions - Successions are complicated by nature. But they can be even more complex…
Personal Cybersecurity - protecting your wealth from cyber criminals
Blackrock’s Bitcoin Blitzkrieg - ETFs as new wind in the sails of crypto
Why I love “the West” but I’m liquidating all my investments there - when values start to eat themselves
Making you wealthier than God - The impactful quote by my first Coaching Principal
Children and Money - Passing financial literacy, and more
Trend: High Net-Worth Farmers? - 70% of my Principals have a farm in their portfolio. What’s your excuse for not having a farm?
Diversification beyond Stock, ETFs, Real Estate, etc.
Most of you associate this term with having a portfolio of stock, ETFs, real estate, maybe a watch collection, pieces of art, etc.
In a lot of cases I’ve witnessed my Principals lose focus on what actually enabled them to collect all this wealth: their business!
And even if their focus remained on their business they took it for granted, having a “what could possibly go wrong” attitude.
Well, a whole shitload of things can go wrong, the most annoying of which are when your business goes bust because of something happening outside of your sphere of influence, right?
True, that’s not the end of the world… but do me a favour and to the math… would you be able to sustain your lifestyle on your income from real estate, dividends, etc. or do you have to liquidate part of your assets to do so?
Business Interest Diversification
The Principal I’m starting to work with now has most of their wealth tied up in a colourful bouquet of businesses.
Why am I explicitly mentioning this?
Well, imagine if we slide into a finical crisis in the future, which isn’t entirely unlikely as I learned in the project below.
(Download “Recession Proofing” now: https://tr.ee/l_UvRGyzX8 )
Here are the things which will immediately happen to your portfolio:
Your stocks/ETFs are going to significantly lose in value.
Your dividend payouts will reduce significantly.
Your real estate portfolio is going to take a shave
Your private equity investments will reduce payouts
I’m not saying you’re going to be back to square one, yet you will certainly experience a significant setback in your wealth… at least temporarily.
This can be avoided if you add certain businesses to your portfolio, rather than solely depending on more conventional investment vehicles.
My Principal believes that their money is better invested in their diverse business interests, solving two main problems:
If one of their businesses goes bust, they have plenty more to live off of, and
if the world economy folds, their clients will still buy from their general stores, their lumber yards, their organic farm, their fish trawlers, etc.
To be honest… I was awestruck when I visited their town for the first time a few weeks back.
Everyone, and I mean everyone knew this person. Everyone greeted them with a friendly face, because they had given back to the community significantly.
And when I asked which of the local businesses they owned, they didn’t stop counting, while most fascinating were the reasons for ownership of these businesses…
An organic farm because the people of their community were suffering from malnutrition and over fertilisation of food
A fleet of fish trawlers to provide work for the fishermen, which couldn’t compete against the global super-trawlers
A huge lumber yard, and forests so that the community would be able to have access to this precious resource
A gigantic cell phone sales and repair operation providing work to those more tech savvy people around him
A scrap/salvage yard for resource trade, etc.
A school, because the government wasn’t doing enough to educate the younger generations in their eyes
Etc, etc, etc, etc.
Now, you might think initially that a lumber yard couldn’t be any more different form a school, perhaps, yet my Principal had each and every one of their business interests closely intertwined.
Why does a Hustler need a Life Coach?
True, there was barely anything I could teach this person about business. Well, at least not in their local milieu… and my Principal did aspire to gain more recognition across their current
Nonetheless, they felt that their life now needed to excel to the next level, that they reached everything in their current surrounding, and aspired to more, a phenomenon not all to seldom in serial-entrepreneurs as described below.
(Download “Murdering a Hustler” now: https://tr.ee/aSyUpnJ9x4 )
More often than not these people will have a totally different mindset than required by someone to lead a large organisation.
Call it a predisposition towards the details of a business rather than the ability of focussing on the grand scheme of things.
Same is true for my Principal, which is the reason they are not widely accepted by more corporate organisations like larger banks, for instance… Organisations they would need to have access to to scale their life to a more corporate one.
Transforming them was (like in the aforementioned prospectus) not an option. Being a c-level executive wasn’t their game, and you don’t teach an old dog new tricks.
So it is about hiring someone, who would oversee their businesses… someone more to the liking of corporate milieu, someone who spoke the language.
That someone, however, would have to tolerate the very unique way my Principal runs their businesses… at least until they find out a way to work together long-term.
An interesting journey lies ahead of my Principal, and me - and I’m totally flattered to have this opportunity to help yet another person move their life to the next level.
My Best
Laurent Regardez
The UHNWI Coach
uhnwicoach@protonmail.com
Further information: https://linktr.ee/uhnwi
60 Second Bio: https://about.me/uhnwi
120 Second Bio: https://tr.ee/Do7hm2sp0X
COACHING PROSPECTUSES
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# MAIN PROSPECTUS https://tr.ee/Do7hm2sp0X
# How it works: 72 HOUR RETREAT https://tr.ee/HRsgpgVRm5
# GOLD DIGGER https://tr.ee/u8R-XhB4EY
# RECESSION PROOFING https://tr.ee/l_UvRGyzX8
# THE PERFECT BABY https://tr.ee/6d8WZa86B-
# POST CRYPTO https://tr.ee/xAdgRLUBi7
# LONGEVITY - Enjoy Your Wealth Forever https://tr.ee/khZso3gw36
# PERMALEARNING https://tr.ee/vJ02cimpuK
# PROFITABLE LIABILITIES https://tr.ee/E-ZygAbDWu
# MURDERING A HUSTLER https://tr.ee/aSyUpnJ9x4
# A SPIRITUAL JOURNEY https://tr.ee/Yd7AejZJFK
# COVID METROPHOBIA https://tr.ee/FdzLy9Lpst
# CURSE https://tr.ee/h9AUqzNdVz
# BUSINESS RISK DIVERSIFICATION https://tr.ee/KLyZ3D33el