Business
Richard Wilson is the CEO of Centimillionaire Advisors, LLC, a company providing performance-based family office solutions for $100M+ net worth families. He is also the founder and head of Family Office Club, the largest community of registered family offices globally with over 1,750 private investor members. During the episode, Richard brings us into the world of the super rich with over $100M net worth. After working for them for several years, he has learned several strategies on how they accumulate their wealth. He explains how the ultra-wealthy manage their assets and lifestyles, how they aspire for growth, and what common mistakes they make. Where we are: Johnny FD – Mexico Sam Marks – North Carolina Links: Centimillionaires.com FamilyOffices.com Time Stamps: 7:05 – What is a family office? 7:24 – “The richer you are, the busier you are” – Richard Wilson 8:04 – Why do the ultra-wealthy need a family office? 8:35 – How much worth are people with family offices? 12:06 – Managing assets and lifestyle of the ultra-wealthy 14:46 – Building a team for the family office 16:19 – Financial planning for investments 18:26 – Outsourcing of $50M vs. $100M net worth families 21:03 – Who are the Centimillionaires? 23:41 – What he learned while working in a family office for years 27:02 – Do the ultra-wealthy still desire for growth? 31:55 – Important notes in wealth generation 32:20 – “It’s not just you work hard and you become ultra-wealthy” – Richard Wilson 33:33 – Maintaining assets of rich people 34:51 – Common mistakes of the ultra-wealthy 35:39 – “Some reasonable plan can help keep things in check” – Richard Wilson 36:08 – What to expect from Family Office Club? If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2019. All rights reserved. Read our disclaimer here.