EP114: Building a Financial Fortress via Multiple Income Streams and Investments - Dave Denniston
Welcome back to another episode of "Migrate to Wealth," the podcast that helps you navigate the path to financial success. In today's episode, we have an incredible guest, Dave Denniston, a financial planner and wealth-building expert. Dave shares his journey of moving from a blue-collar background to achieving abundant financial resources and personal growth. He discusses the benefits of diversifying income streams, leveraging financial instruments, and investing smartly for long-term wealth. From borrowing from a 401K to exploring new opportunities, Dave provides valuable insights on creating a solid financial foundation. Join us as we explore the keys to building wealth and hear Dave's personal experiences and advice. So sit back, relax, and get ready to take your wealth journey to new heights in this episode of "Migrate to Wealth" with your hosts, Saket Jain and Dave Denniston.
In this episode, you will be able to
- Learn to consider the potential returns on investment vs. the interest rate on the loan.
- Know the importance of enhancing investments rather than depleting them.
- Learn to use various financial instruments to maximize returns.
- Learn to focus on something you enjoy and going "all-in" on it
- Learn to overcome mental resistance and shifting perspectives on income diversification
- Know the power of compounded growth through early investing
Key Moments in the episode are:
- 05:15 - Financial struggles led to diversifying income streams.
- 08:13 - Diversify income, overcome resistance, venture into entrepreneurship.
- 09:46 - Looking for ways to create wealth without manual skills.
- 23:16 - Rebalancing portfolio: mixing asset classes, developing strategy.
- 29:09 - Discover passion, find profitable options, diversify.
- 32:00 - Hope for humanity, embracing AI and innovation.
About Dave
Dave Denniston is raised in Southern California and somehow made his way to the sometimes frozen tundra Minnesota, our next guest is a podcaster, financial advisor, land flipper, and tax lien investor. He's also the host of the LandUnConference and other land mastermind events.
Connect with Dave
- Website: www.daviddenniston.com, fredompodcast.com, genfamland.com
- Email: dave@daviddenniston.com
Connect With Us
To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.
Follow Our Social Media Pages!
- LinkedIn: Saket Jain
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Sponsors
Bangerter Financial Services, Inc
Do you want to retire from land-lording through passive real estate? Look no further than us – we are your go-to experts for 1031 Exchanges and Alternative Tax Strategies. Call (801) 312-9482 or visit https://1031.bangerterfinancial.com/1031guy to learn more!
Sponsor Disclosure:
Securities offered through Concorde Investment Services, LLC, member FINRA/SIPC. Bangerter Financial is independent of Concorde. This is for informational purposes only, does not constitute individual investment advice, and should not be relied upon as tax or legal advice. Investments in real estate may be speculative, illiquid, and carry a high degree of risk – including the potential loss of the entire investment. Please consult the appropriate professional regarding your individual circumstance.
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