Engineered Wealth Podcast

Ep. 12 | Asset Classes, Concentrated Risk, and Overcoming the Biggest Mistake of Engineers

December 30, 2021 Joseph Bramante Season 1 Episode 12
Engineered Wealth Podcast
Ep. 12 | Asset Classes, Concentrated Risk, and Overcoming the Biggest Mistake of Engineers
Show Notes

“Everything starts with planning, the process that we use to guide individuals through this is called wealth with purpose, which does exactly what it's called, it's to define that goal behind your wealth.” - Ali Nasser

On this episode of The Engineering Passive Income Show, Joseph is joined by Ali Nasser as he discusses the six asset classes to consider in building your wealth and tips in risk management. He stresses the significance of identifying your goals in crafting a roadmap for mindful investing towards a comprehensive financial plan.

Ali Nasser is the Founder and CEO of AltruVista. His passion is to help business owners gain clarity on the most important decisions at the intersection of wealth and life planning. He has helped numerous owners be more intentional with their goals, integrate their team of professional advisors, and create a roadmap to capture their success.

He has a degree in Finance from the Bauer School of Business and is a Certified Financial Planner (CFP), Certified Exit Planning Advisor (CEPA) and an Accredited Estate Planner (AEP). Ali also taught comprehensive financial planning at Rice University from 2014-2019. 

Ali’s upcoming book, “The Business Owner’s Dilemma” is scheduled to release on 2.22.22.


[00:01 - 09:01] The Importance of Value Assets with Intrinsic Measurement

[09:02 - 21:24] Financial Repositioning Considering Risk, Income Streams, and Tax

[21:25 - 29:56] Crafting the Roadmap to Mindful Investing

[29:57 - 40:23] Wrapping Up!


Key Quotes

“It's important to know what you're getting into when you're buying an asset that doesn't necessarily have any intrinsic measurement. .” - Ali Nasser

“Most business owners, especially those that have been highly successful, the majority of their wealth was generated through concentrated risk in one investment.” - Ali Nasser

“You're kind of just diversified and protected in a way that because if you had losses in one area, or one area doesn't perform as you would perfect, as you'd expect, you're covered in other areas.” - Ali Nasser

Connect with Ali

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