By: Joshua Finley
In our pursuit of financial success, we often find ourselves trapped in a paradox.
All of our life we are chasing our wealth goals – but the majority of us never achieve them. We may advance into financial stability, then into financial success, but ultimately we end up hitting a plateau.
And if you do manage to make it over that plateau into a new level of wealth, you are working so much that it is not making you as happy as you thought it would… You barely have the time to enjoy it.
We need a paradigm shift – challenging us to rethink everything we know about building wealth, because it isn’t working, and it isn’t making us truly happy as it should.
In order to break free from the limitations of the conventional path to wealth that we are all taught, we need to shift the traditional money-making mindset and adopt a new, holistic wealth building mindset.
Dave Wolcott, the wealth-building visionary and founder and CEO of Pantheon Investments, began his journey from Marine Corps Captain to the father of triplets to an entrepreneur who spent two decades accumulating insights learning from the best investors in the world to discover the keys to creating generational wealth. And with that knowledge, implementing it and realizing results that altered his own life, he developed a framework to build legacy wealth the way the financially elite do, and wrote his book, “The Holistic Wealth Strategy”.
But Dave’s paradigm-shifting approach to wealth building goes beyond dollar accumulation. The goal is not only to achieve freedom of money, but freedom of time to actually live the life you desire.
Because what is wealth worth if you can’t truly enjoy it? The ultimate goal is a fulfilling and meaningful life enriched with generational wealth and the freedom to focus on what really matters – relationships, meaning, and joy.
The Paradigm-Shift: Building a Life Enriched with Wealth
After Dave’s 20 years of gleaning insider knowledge from the top 1% and implementing his findings that changed his own life, he realized the foundation to building true wealth is about achieving the “four freedoms” – money, purpose, time, and relationships.
In order to build generational, legacy wealth, and live a life where you get to truly enjoy it, these four principles are mandatory.
The framework to achieving these freedoms can be broken down into five phases – which challenge the conventional financial wisdom and traditional approaches and tactics most of us know.
The first step is mindset mastery. The foundation of wealth begins in your mind. You need to make room to re-frame the limiting beliefs we have in our subconscious, and open your mind to taking on a new mindset. This will set the stage for unprecedented growth.
Expanding and leveling-up your financial IQ is the next phase. Seek out mentors and like minded peer groups and cultivate relationships that inspire you and open opportunities. Your network can be your net worth.
As you start building wealth, often overlooked is taking measures to preserve your wealth. Create a protective infrastructure through smart, high-level tax planning and considering tax-mitigating innovative strategies like Infinite Banking for cash value growth and a legacy of tax-free distribution to heirs.
Most Americans have the majority of their assets tied up in retirement accounts or their home. Challenging the conventional approach, consider repositioning assets of trapped equity and redeploying it into cash-flowing assets, and using low-cost debt to create positive arbitrage.
And the last phase is passive income creation through diversified investments that provide cash flow, tax efficiency, and appreciation potential. Build multiple streams of income that accelerate wealth building, through strategic alternative investing in areas like real estate and private equity. Dave states that “This is how you exponentially multiply your wealth on a lower risk profile”.
Why This Redefines Wealth As We Have Learned It
What sets Dave’s strategy apart is its holistic nature. It’s not just about accumulating wealth – it’s about creating a life where you have the freedom to enjoy that wealth. What good is money if you’re too busy or stressed to spend quality time with loved ones, pursue your passions, or make a meaningful impact in the world?
This approach addresses a critical issue many entrepreneurs face: achieving financial success at the cost of personal fulfillment. By shifting our approach and principles to building a life “enriched” with wealth, aligning our financial goals with our life purpose and values, we open the door to a richer, more meaningful existence. Not only financial abundance, but a life of genuine fulfillment. Whether it’s traveling the world, dedicating time to philanthropic causes, or simply being present for life’s precious moments with family and friends – this is the true measure of wealth.
As we move forward, navigating market volatility and uncertainties in our ever-changing economic landscape, one thing is clear – the path to building true wealth requires more than just following the crowd down the conventional path that most of the time doesn’t get entrepreneurs to their desired goals. It requires a paradigm-shifting approach to building wealth from a holistic level that challenges the traditional beliefs that we were all taught, so we can achieve prosperity that allows for both financial freedom and freedom of time, relationships, and purpose in our life.
To deep-dive into Dave Wolcott’s wealth-building wisdom and framework, and how to implement it in your wealth journey, you can get a free copy of his book “The Holistic Wealth Strategy: A Framework for Building Legacy Wealth and Living an Extraordinary Life” on the Pantheon Investments website.
Disclaimer: This content is for informational purposes only and is not intended as financial advice, nor does it replace professional financial advice, investment advice, or any other type of advice. You should seek the advice of a qualified financial advisor or other professional before making any financial decisions.
Published by: Khy Talara
