In this 19th episode of the Learn | Invest | Grow show, Adam Levine and Tei Kim reiterate how taking full advantage of compounding will change the financial future for everyone and speed up the journey to financial freedom. However, significant taxes can dampen the positive effect that compound interest can have on our financial future. They delve into a relatively underexplored tax-advantaged vehicle, a self-directed IRA. With a self-directed IRA, you may invest in assets you personally know and understand well outside the conventional investment options such as stocks, bonds, mutual funds, ETFs, etc. Why is this important? Because when you understand your investments, you stand a better chance of building the wealth to reach financial independence in retirement. Adam shares a story of his father (retired dentist) and how he cashes in on the self-directed IRA for his investment. If you liked this video, give us a little thumbs-up below the video and leave us a comment ...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)