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b'How can understanding the mindset of the wealthy help you build your own wealth?\\n\\xa0\\nIn this episode, Dave Wolcott shares his journey to financial freedom after a major life event led him to rethink his approach to money. He digs into the differences between how the wealthy 1% think about finances compared to the typical middle-class mindset, and the moves the ultra-rich make to build their wealth. He provides specific examples of how to take action in your own life and investments to set yourself up for abundance rather than scarcity.\\n\\xa0\\nDave Wolcott started his career serving the country as a Captain in the Marine Corps. In 2000 he and his wife won the baby lottery by having triplets which inspired him to challenge the traditional financial planning advice of Wall Street. He then started an obsessive journey to understand how the top one percent were building their wealth. A serial entrepreneur at heart, Dave spent the next 20 years building several businesses, investing in alternative assets, and creating The Pantheon Holistic Wealth Strategy: the playbook to becoming ultra-wealthy and having not only freedom of money, but freedom of purpose, time, and relationship. Today, Dave is the Founder and CEO of Pantheon Investments and is more passionate than ever about helping entrepreneurs build 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. Dave is the author of \\u201cThe Holistic Wealth Strategy\\u201d, A Framework for Building Real Wealth and Living an Extraordinary Life, and is also the host of the top-rated \\u201cWealth Strategy Secrets of the Ultra-Wealthy\\u201d podcast.\\n\\xa0\\n (00:00 - 4:15) Origins of a New Mindset\\nDave was taught the typical middle-class path but became disillusioned after a financial planner\'s advice when his family grew\\nThis launched him on a journey to understand how the ultra-wealthy actually build wealth\\nA major life event was the catalyst that shifted Dave\'s thinking about finances\\n\\xa0\\n (4:15 - 8:15) The Formula for Holistic Wealth\\nNet worth = financial IQ + mindset IQ + physical capital + relationship capital\\nNeed to look beyond just money to build true wealth\\nRelationships are a key component of wealth that is often overlooked\\n\\xa0\\n(8:15 - 13:00) The Power of Mindset \\nMindset is the key differentiator between middle class and the most wealthy and successful\\nHaving an abundance mindset opens up possibilities\\nScarcity mindset holds people back from achieving their potential\\n\\xa0\\n(13:00 - 17:00) Long-term Capital Allocation \\nThe wealthy make decisions based on a 25+ year timeline, not short-term market emotions\\nA diversified "all weather" portfolio across assets reduces risk\\nAvoid putting all your money in one asset class like real estate\\n\\xa0\\n(17:00 - 25:00) Getting Started on Your Investing Journey \\nLook at repositioning existing assets like 401(k)s rather than needing large upfront cash\\nCompounding and slow and steady investing grows wealth exponentially over time\\nUse calculators to objectively evaluate options like cashing out 401(k)\\n\\xa0\\n(25:00 - 30:00) Closing Segment:\\nBest investment: A new development in Dallas, Texas\\nWorst investment: Indian Stock Market\\nTop lesson learned: You are your greatest asset\\n\\xa0\\n"When you can break through some of these limiting beliefs that we may have had...there\'s more than enough in the world, there\'s so many different opportunities." - Dave Wolcott\\n"The most important lesson is really to understand that you are your greatest asset." - Dave Wolcott\\n\\xa0\\nConnect with Dave:\\nWebsite:\\nhttps://www.pantheon.com/\\n\\xa0\\nApply to Invest with Taylor at\\xa0www.investwithtaylor.com\\n\\xa0\\nTrack your wealth for free with Personal Capital, go to\\xa0www.escapingwallstreet.com\\n\\xa0\\nPlease leave a review and help others escape Wall Street and build wealth on Main Street!'