<description>&lt;p&gt;Curious how the uber-rich protect their wealth?&lt;/p&gt;&lt;p&gt;If you knew the secrets of ultra-high-net-worth individuals (UHNWIs), could you leverage their approach to money management to grow your own wealth?&lt;/p&gt;&lt;p&gt;&lt;a href="https://tvolkco.com/" rel="noopener noreferrer" target="_blank"&gt;Tim Volk&lt;/a&gt;, CFP, is Founder and Principal at T. Volk &amp;amp; Company Consulting, a boutique financial advisory firm that serves ultra-high-net-worth families. He also hosts &lt;a href="https://the-rainbow-bull.blubrry.net/subscribe-to-podcast/" rel="noopener noreferrer" target="_blank"&gt;The&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://the-rainbow-bull.blubrry.net/subscribe-to-podcast/" rel="noopener noreferrer" target="_blank"&gt;Rainbow Bull Podcast&lt;/a&gt;.&lt;/p&gt;&lt;p&gt;On this episode of Queer Money, Tim joins us to share the secrets of the uber-rich, describing what UHNWIs do to transfer and mitigate risk.&lt;/p&gt;&lt;p&gt;Tim explains how the uber-rich think about money in the long-term and challenges the LGBTQ+ community to adopt a future-self approach to spending.&lt;/p&gt;&lt;p&gt;Listen in for insight on raising kids who don’t feel entitled and learn what you can do to join the ranks of the emerging affluent or uber-rich.&lt;/p&gt;&lt;p&gt; &lt;strong&gt;Topics Covered&lt;/strong&gt;&amp;nbsp;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;How wealth managers define ultra-high-net-worth individuals&lt;/li&gt;&lt;li&gt;What we can learn about the complexities of wealth from &lt;em&gt;Crazy Rich Asians &lt;/em&gt;&lt;/li&gt;&lt;li&gt;The differences between families of UHNWI and the LGBTQ+ community&lt;/li&gt;&lt;li&gt;Why the queer community isn’t saving enough for retirement&lt;/li&gt;&lt;li&gt; How Tim helps the emerging affluent manage capital through a family office&lt;/li&gt;&lt;li&gt;How ultra-high-net-worth families transfer and mitigate risk &lt;/li&gt;&lt;li&gt;Why Tim suggests choosing a life insurance policy with long-term care benefits&lt;/li&gt;&lt;li&gt;How celebrities and the uber-rich aren’t immune to lifestyle creep&lt;/li&gt;&lt;li&gt;What we can do to avoid raising entitled kids at any socio-economic status&lt;/li&gt;&lt;li&gt;Tim’s future self approach to thinking about money in the long-term&lt;/li&gt;&lt;li&gt;The lasting impact of a financially empowered gay community&lt;/li&gt;&lt;li&gt;Tim’s advice on what you and I can do to become ultra-high-net-worth&lt;/li&gt;&lt;li&gt;Tim’s challenge to focus on spending to bring joy to yourself and others&lt;/li&gt;&lt;li&gt;How to deal with the dating dynamics of financial inequality &lt;/li&gt;&lt;li&gt;Why it’s crucial for the LGBTQ+ community to stick together&lt;/li&gt;&lt;/ul&gt;&lt;br/&gt;&lt;p&gt;For the resources and to connect with our guests, get the show notes at: &lt;a href="https://queermoneypodcast.com/subscribe/?source=podcastplayers" rel="noopener noreferrer" target="_blank"&gt;https://queermoneypodcast.com/subscribe&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Follow us:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href="https://www.instagram.com/queermoneypodcast/" rel="noopener noreferrer" target="_blank"&gt;Queer Money Instagram&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.youtube.com/channel/UCCs5KTfEmEQlAPr8v9sPzbQ?sub_confirmation=1" rel="noopener noreferrer" target="_blank"&gt; Queer Money YouTube&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.tiktok.com/@queermoneypod" rel="noopener noreferrer" target="_blank"&gt;Queer Money on Tiktok&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;br/&gt;&lt;p&gt;Download your FREE &lt;a href="https://queermoneypodcast.com/kickstarter/?source=podplayer" rel="noopener noreferrer" target="_blank"&gt;Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Mentioned in this episode:&lt;/p&gt;&lt;p&gt;&lt;a href="https://queer-money.captivate.fm/help-us-adopt"&gt;Click here to find out how to get financial help adopting children&lt;/a&gt;&lt;/p&gt;</description>

Queer Money®: How Gay People Do Money

Queer Money

Money Secrets of the Uber Rich | Queer Money Ep. 516

JUN 18, 202457 MIN
Queer Money®: How Gay People Do Money

Money Secrets of the Uber Rich | Queer Money Ep. 516

JUN 18, 202457 MIN

Description

Curious how the uber-rich protect their wealth?

If you knew the secrets of ultra-high-net-worth individuals (UHNWIs), could you leverage their approach to money management to grow your own wealth?

Tim Volk, CFP, is Founder and Principal at T. Volk & Company Consulting, a boutique financial advisory firm that serves ultra-high-net-worth families. He also hosts The

Rainbow Bull Podcast.

On this episode of Queer Money, Tim joins us to share the secrets of the uber-rich, describing what UHNWIs do to transfer and mitigate risk.

Tim explains how the uber-rich think about money in the long-term and challenges the LGBTQ+ community to adopt a future-self approach to spending.

Listen in for insight on raising kids who don’t feel entitled and learn what you can do to join the ranks of the emerging affluent or uber-rich.

Topics Covered 

  • How wealth managers define ultra-high-net-worth individuals
  • What we can learn about the complexities of wealth from Crazy Rich Asians
  • The differences between families of UHNWI and the LGBTQ+ community
  • Why the queer community isn’t saving enough for retirement
  • How Tim helps the emerging affluent manage capital through a family office
  • How ultra-high-net-worth families transfer and mitigate risk
  • Why Tim suggests choosing a life insurance policy with long-term care benefits
  • How celebrities and the uber-rich aren’t immune to lifestyle creep
  • What we can do to avoid raising entitled kids at any socio-economic status
  • Tim’s future self approach to thinking about money in the long-term
  • The lasting impact of a financially empowered gay community
  • Tim’s advice on what you and I can do to become ultra-high-net-worth
  • Tim’s challenge to focus on spending to bring joy to yourself and others
  • How to deal with the dating dynamics of financial inequality
  • Why it’s crucial for the LGBTQ+ community to stick together

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe 

Follow us:


Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

Mentioned in this episode:

Click here to find out how to get financial help adopting children