An Advisor for the Rich Explains How the Wealthy Invest Their Money
When Austin Dean started taking classes to earn his various financial advisor certifications, he didn’t fully buy into the curriculum.
It revolved around more traditional financial wisdom, such as “let’s make sure we’re maximizing retirement accounts and deferring taxes in the future,” he told Business Insider.
Dean, who holds ChFC, CLU, CFP, and RICP designations, was interested in achieving financial independence, yet he questioned how he’d get there if most of his money was tied up in retirement accounts, which are inaccessible without penalty until age 59 ½.
It prompted him to analyze how the wealthiest individuals save and invest their money. What he learned was different from what he was learning in the…
