What are the money secrets of the uber-rich
Find out the money secrets of the uber-rich on this episode. Then download your FREE Queer Money Kickstarter, a 9-step Guide to Kickstart Your Journey to Financial Independence.
How 3 money secrets of the uber-rich can help you
Curious how the uber-rich protect their wealth? If you knew the secrets of ultra-high-net-worth individuals (UHNWIs), could you leverage their approach to money management to grow your own wealth? Tim Volk, CFP, is the founder and principal of T. Volk & Company Consulting, a boutique financial advisory firm that serves ultra-high-net-worth families. He also hosts The Rainbow Bull Podcast.
On this episode of Queer Money®, Tim joins us to share the secrets of the uber-rich, describing what UHNWIs do to transfer and mitigate risk. Tim explains how the uber-rich think about money in the long term and challenges the LGBTQ+ community to adopt a future-self approach to spending.
Listen in for insight on raising kids who don’t feel entitled and learn what you can do to join the ranks of the emerging affluent or uber-rich.
Listen to get insight on money secrets of the uber-rich
Topics covered on money secrets of the uber-rich
- How wealth managers define ultra-high-net-worth individuals
- What we can learn about the complexities of wealth from Crazy Rich Asians
- The differences between families of UHNWI and the LGBTQ+ community
- Why the queer community isn’t saving enough for retirement
- How Tim helps the emerging affluent manage capital through a family office
- How ultra-high-net-worth families transfer and mitigate risk
- Why Tim suggests choosing a life insurance policy with long-term care benefits
- How celebrities and the uber-rich aren’t immune to lifestyle creep
- What we can do to avoid raising entitled kids at any socio-economic status
- Tim’s future self-approach to thinking about money in the long term
- The lasting impact of a financially empowered gay community
- Tim’s advice on what you and I can do to become ultra-high-net-worth
- Tim’s challenge to focus on spending to bring joy to yourself and others
- How to deal with the dating dynamics of financial inequality
- Why it’s crucial for the LGBTQ+ community to stick together
Connect with Tim Volk
- T. Volk & Co. Consulting
- The Rainbow Bull Podcast
Resources on money secrets of the uber-rich
- Return on Happiness on Queer Money EP456
- Options Trading on Queer Money EP404
- Prudential LGBTQ+ Financial Experience Survey
- James E. Hughes’ The Five Capitals
- Books by James E. Hughes
- Equalityllinois.us
- ChicagoHouse.org
- HorizonsFoundation.org
- Your Relationship with Money on Rainbow Bull Podcast EP009
- Queer Money Kickstarter
- Capital One Auto Navigator
- Wealth Builder’s Pyramid
- CreditWise
Connect with David and John
- Debt Free Guys on Facebook
- Debt Free Guys on X
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
Watch this week’s episode on money secrets of the uber-rich
Previous 3 Podcast Episodes
- How to Recover from Your Money Story
- What You Can Do about America’s Retirement Crisis
- The Economics of Being a Drag Queen
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com), and the Queer Money® podcast hosts. We help queer people (and allies) live fabulously, not fabulously broke, by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.