The Family Bank: How A Submarine Captain Navigated Financial Uncertainty To Build Lasting Wealth Part 1 (E28)
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Building wealth isn’t just about making money—it’s about maintaining control over it through family banking. In this episode, Wade Reed sits down with Gary Pinkerton, a financial strategist and former Navy officer, to break down the Family Bank Strategy—a powerful approach to growing and protecting wealth. Gary shares his personal journey, from his military career to a financial awakening after the 2008 market crash, and how it led him to rethink everything about money management. He dives into why traditional financial advice often falls short, the dangers of handing over control of your wealth, and how liquidity and long-term thinking are key to financial stability.
KEY TAKEAWAYS:
· The Family Bank Strategy gives you control over your finances instead of relying on traditional institutions.
· Many people unknowingly follow a broken financial system that doesn’t prioritize their best interests.
· Losing nearly half a million dollars in the market crash was a wake-up call for Gary to rethink wealth building.
· Having liquidity and access to capital is crucial for long-term financial security.
· Traditional retirement accounts often don’t perform as expected when considering real returns over time.
· Whole life insurance can be a powerful financial tool when used strategically.
KEY TOPICS:
00:43 A Journey From Military To Finance
08:05 The Turning Point: Losing Half A Million In The Market Crash
13:29 The Importance Of Financial Control
17:03 Whole Life Insurance: The Ultimate Financial Asset
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37 episodes