Vacant Apartment Complexes-Worth the Time & Effort?
Best Markets in the U.S. right now & Why
The REI Diamonds Show-Real Estate Investment Podcast
Episode 214: Dave Wolcott: Helping Entrepreneurs Protect and Multiply Their Wealth Through the Pantheon Holistic Wealth Strategy
Episode: 214 “Dave Wolcott: Helping Entrepreneurs Protect and Multiply Their Wealth Through the Pantheon Holistic Wealth Strategy”
Guest: Dave Wolcott is the Founder and CEO of Pantheon Investments. After serving the country as a Captain in the Marine Corps, Dave and his wife hit the baby lottery-having triplets. This inspired Dave to challenge the traditional financial planning advice of Wall Street. Over the past 20 years Dave has founded several business, invested in alternative assets and created The Pantheon Holistic Wealth Strategy: the playbook to becoming ultra wealthy and having freedom of time, money & relationship.
Big Idea: Dave & I discuss building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market.
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Dan Breslin: Today’s guest, Dave Wolcott, is the founder and CEO of Pantheon Investments. After serving the country as a captain in the Marine Corps, Dave and his wife hit the baby lottery having triplets. This inspired Dave to challenge the traditional financial planning advice of Wall Street. Over the past twenty years, Dave has founded several businesses and invested in alternative assets while also creating the Pantheon Holistic Wealth Strategy, the playbook, to becoming ultra-wealthy and having freedom of time money and relationship.
Today, Dave and I discussed building wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market. Two areas of focus today are oil and gas investing which can generate humongous year 1 tax write-offs and the infinite banking strategy which you may or may not have heard of which is the method of recycling your investment dollar to make it work, at least, twice for every deployment.
Dave: Dan, we quadrupled the size of our family. If you could just imagine that. I know you have kids. You just think about what that does to you.
The first thing I did was have a drink. The second thing I did was go and see my financial advisor and said like, “Hey, how am I going to do this? How am I going to really provide for my family, create this financial security that I really need to?” You just move the goalpost 1 mile down the field. It was at that point in time that it really dawned on me that the top 1% were not building their wealth [inaudible], alternative investments, different things.
I launched down this kind of obsessive path to figure out how the top 1% are building their wealth. I started investing in alternative assets, everything from oil and gas to raw land to office space to retail, multifamily. You name it. I also became a business owner. I created a tech consulting company which I took full cycle and exited. Running a business, I learned a lot of things including taxes and creating a proper tax strategy.
Fast forward twenty years, I wrote my book called the Holistic Wealth Strategy which is really an encapsulation of my learnings over the past twenty years to try to really create this comprehensive system of how can you build your wealth outside of Wall Street and investing directly in Main Street and having this comprehensive system that truly can multiply your wealth as well as protect it?
Dave & I Discuss:
Achieving exponential wealth with the Holistic Wealth Strategy a 5 Phase Approach
How to offset Active income with oil & gas investing
Creating a tax-efficient liquidity foundation with infinite banking
Take back control by exiting your 401k
Repositioning assets for maximum velocity and downside protection
Creating a vision to achieve freedom of money, purpose, time, and relationship
Relevant Episodes: (There are 214 Content Packed Interviews in Total)
This is the year of Happy Holidays. 2015 was a great year for the Diamond Equity Investments team. We welcomed new partners, new buyers, & many new wholesalers in Chicago, Philadelphia, & Tampa. The economy is stable, if not, growing, and the general feeling is that things are good in real estate again.
I’m celebrating the good times with a Trump Style Christmas:
Helicopter ride to check out the Chicago Christmas lights, check.
Big huge pile of Christmas presents for friends and family, check.
Drones for the upcoming drone show, check.
Now I just need to build a few buildings and put my name on the side-in the most prime pieces of real estate that exist in the country. A man must have a strong vision of the future to wake up and work as hard as I do, right?
Will the Good Times Roll through 2016? This is the big question on everyone’s mind. I’ve invited Paul Sloate, an economic forecaster & financial advisor to high net worth individuals, to give his prediction for the state of Real Estate in 2016. Keep an eye out- this episode will be published early in January.
Lessons I’ve Learned in 2015 2015 was a big year for me personally. I’ve had a few new life experiences and watched as my business has taken flight to new heights-thanks to people like you who continue following our progress, buying & selling deals with us, lending us money, & just being here and a part of the Diamond Equity Investments family. You’re appreciated.
1. How to Be a REAL Dad-Up until this year, my daughter lived in Chicago; 700 miles away from me back in Philadelphia. As a result of a few key people joining my team-Jon Potter, George Beatty, Howard, & Craig-I was able to move to Chicago and finally become a real Dad.
Before the move, being a father was a part-time, few times per year piece of my life. When she visited at holidays, and over the summer, I could try being a dad. It was great that I could have her in my life then.
But now that I’m here, I am just 15 minutes up the road from where she lives with her mom. She comes over on the weekends and I see her 5-6 days per week. Because I’m now present, I’ve learned quite a few lessons in fatherhood and am blessed to finally have a much more fulfilling & active presence in her life.
2. I Don’t Need to Physically SEE Houses to Make Deals-For a long time, I believed that I needed to see every house in order to make the deals. Once I opened up my mind to invite other people to participate in my deals, my vision and my ability to work many more deals exploded.
In the beginning, I didn’t want any partners. I thought I could do everything myself and didn’t trust other people to get the job done. Thank God the RIGHT PEOPLE came into my life and I learned to trust & guide them to better results. They have also brought their high intelligence to the table and guided me to better results. I guess I finally understand Napoleon Hill’s mastermind principal. The efforts of multiple people committed to the same cause creates a multiple of the results, not a sum.
3. The True Value of High Caliber People-This year I’ve been blessed to forge new
relationships & even realize some relationships I’ve had with High Caliber people. I used to think of everyone as though that had equal capabilities. As though with a little guidance, anyone could become a great performer in their field.
Now I realize that the great people in my life MADE A DECISION TO BE GREAT. It didn’t happen by accident, they built their skills, networks, and abilities to the degree which they are now considered great.
This is very rare in the world-to find truly great people. Now when I meet a high caliber person, I do my best to add value-to bring something to the table-in order to build my relationship with that person.
In the past, I am embarrassed to admit, I used to think that the only thing I needed was private money. It was always the burning question in my mind-“Could this person fund my deals?” How crass. Now the question burning in my mind is “How Can I Add Value, or Do Something to Help this Person become Even More Successful?” Which brings me to my next lesson:
4. The Power of Tithing-I learned the power of giving away money years ago. At a mentor’s suggestion, I donated money to church & charity-even bums on the corner. This was supposed to be a signal of prosperity to the Universe-“I have so much money that I can give it away freely-with no fear of running out” It was also taught to me that I would receive the money back in another form. Like the donation was a seed and the harvest was the return-of that donation-by God. And that’s exactly what happened. I donated $300 and low and behold-I receive an unexpected check for $10,000 on a deal I was working. A check that wasn’t due to me for another 8 months!!
This year I learned the power of giving my time, energy, & information. The power of giving value. This is why I created the REI Diamonds Podcast-to create more prosperity within the REI Diamonds family. I am constantly receiving feedback thanking me for the great advice, tips, & strategies that are discussed on the show.
I sell nothing on the Podcast. My guests and I are freely giving away valuable information-like a tithe. As a result of the Podcast, I’ve been contacted by several high caliber successful people and built relationships as a result.
People contact me about funding my deals using their IRA accounts/investment accounts as a result of hearing the REI Diamonds Podcast. Interesting how that works-I used to look for people to fund my deals, and now that I look for ways to add value to as many people as possible, the people who fund my deals come looking for me.
It’s been the Year of Happy Holidays!! The one size fits all, politically correct statement for this time of year. Happy Holiday’s & Happy New Year 2016. May your Holiday Season be filled with Joy, Prosperity, & Peace and you Achieve ALL of Your Goals in 2016!! Thank you for being a part of the REI Diamonds family!!
P.S.-Below is a Short Clip from the Trump Style Heli-Ride over Chicago. ( I know-Donald Trump’s Helicopter is a whole lot nicer-but the views were absolutely stunning !!)
P.P.S.-Ready to Download “Become a Wholesale Real Estate Master”? The download
instructions are in the Atomic Buyers List Audio. Go to www.AtomicBuyersList.com & listen to the audio to claim your copy now. Limited to 25 downloads-not trying to create too much competition!
Carl Fischer, of Cama Plan, & Dan Breslin discuss Self-Directed IRA’s, Tax-Free Real Estate Investing, & Private Lending. Cama Plan is an IRA Custodian that Permits Self-Directed Investments of IRA Funds into Alternative Investments including Gold, Mortgage, Private Companies, & Even Real Estate.
Click Here to Read Dan’s Article “How to Fund Real Estate with Self-Directed IRA Accounts”
Carl Fischer & Dan Breslin Discuss:
Buying Real Estate in Your IRA/401K
Turning Your IRA into a “Mini-Bank”
How to Create Tax-Free Income for Life
Using Tax Free Income to Pay for Health Care & Education Expenses