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Mind of a Millionaire: Human Capital vs. Financial Capital

Mind of a Millionaire: Human Capital vs. Financial Capital

| July 22, 2019
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Welcome to another episode of the Mind of a Millionaire Podcast. This week, Zak is discussing the three financial phases of your life, and more specifically, how you can best address each of the phases. Most people don’t understand how they should approach each of the phases. Well, Zak is here to help!

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  1. Human Capital ages 0-25: Education [0:48]
  2. Human Capital ages 25-65: Accumulation [1:30]

Typical Lifecycle of Human & Financial Capital

Human capital is basically acting like a bond. [3:16]

  1. Human Capital ages 65+: Retirement [4:23]

Financial rules of thumb [4:43]

A risk-prevention point of view [5:44]

 

Thank you for tuning in this week. Hopefully this episode can give you a better idea of how to maximize your human capital along with how you should go about managing your financial capital during your life.

For more information on human and financial capital, please feel free to reach out and we would be happy to discuss!

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

No strategy assures success or protects against loss.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

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