177: How to Take Charge of Your Personal Finance, With Gil Baumgarten & Kevin Bees Profit Maximisation Expert

Gil Baumgarten is a disruptive wealth management pioneer. After battling UBS in defense of 100% ETF portfolios, a direct assault on the firm’s fee-rich mutual fund business, he was on the original beta-test team of six advisors permitted to run discretionary ETF portfolios in 2002. He has since been named one of the “Top-20 ETF Thought Leaders in the U.S.” by Barron’s and The Wall Street Journal. Gil’s fee-only fiduciary firm, Segment Wealth Management, is a top-15 firm in Houston as ranked by the Houston Business Journal.

Gil is perennially named a top 50 advisor in Texas by Barron’s, out of the state’s 26,002 registrants. Gil is also the best-selling author of FOOLISH: How Investors Get Worked Up and Worked Over by the System. The book takes readers through the dark tunnels of the brokerage fee ecosystem and takes a deep dive on investors’ self-harm tendencies driven by ego satisfaction.

In this episode, Gil Baumgarten shares:

• What’s happening to the financial system and what can we do to take control of our financial future
• How a fiduciary system can benefit you
• Insights on confirmational biases what we should be doing to guide ourselves through the current economic situation
• The importance of having a financial guide
• The best stocks to invest in
• The advantages of investing in ETFs Investment recommendations for investors with portfolio values of over 5 million dollars
• Investment recommendations for investors with portfolio values of under 5 million dollars
• Managing liquidity to create wealth and take control of our finances 
• The best route to sustainable wealth
• How the quality of the questions we ask ourselves impact the quality of the life that we lead
• How to create the mental ecosystem to produce the best financial results
• How to have a better result by avoiding taxes and fees idea or concept of beginning with the end in mind
• And much more... 

Resources mentioned in today’s show:

Segment Wealth website: https://segmentwm.com/

FOOLISH: https://gilbaumgarten.com/book/

Gil’s Musings: https://segmentwm.com/blog/

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