How to Master Income Investing with Steve Selengut
Manage episode 428424368 series 3501528
Never Been Promoted Podcast with Thomas Helfrich
Steve Selengut, the Income Coach, shares his extensive experience in investing and portfolio management, offering insights into achieving income independence through a disciplined investment approach. Known for his practical and income-focused strategies, Steve helps individuals generate sustainable income from their investments.
About Steve Selengut:
Steve Selengut is a seasoned investment professional with over 50 years of experience. He is the author of "Retirement Money Secrets" and the founder of a coaching business focused on helping individuals achieve income independence. His approach emphasizes generating income through well-vetted investments, offering a shift from the traditional market value focus to an income-oriented strategy.
In this episode, Thomas and Steve discuss:
- The Journey to Income Coaching: Steve shares his transition from managing a portfolio of over $110 million to coaching individuals on achieving income independence through investments.
- Managing Risk and Income: Steve emphasizes understanding different types of risk and focusing on generating sustainable income rather than chasing market value.
- The Importance of Discipline and Diversification: Steve discusses the significance of having specific guidelines for investment quality, diversification, and income production to mitigate risks and achieve financial goals.
Key Takeaways:
- Focus on Income, Not Market Value
Understanding that generating sustainable income from investments can provide financial security and independence, as opposed to solely focusing on market value.
- Importance of Discipline in Investing
Developing and adhering to specific investment guidelines can help mitigate risks and enhance financial stability.
- Continuous Learning and Adaptation
The necessity of ongoing learning and adaptation in both personal and professional life to stay competitive and achieve goals.
"When you get a job, find a position that is like a business inside a business. Get yourself into something that you can grow, get good at, and take somewhere else to make a business out of it." — Steve Selengut
CONNECT WITH STEVE SELENGUT
Website: https://theincomecoach.net/
LinkedIn: https://www.linkedin.com/in/privateinvestmentmanagement/
CONNECT WITH THOMAS:
X (Twitter): https://twitter.com/thelfrich | https://twitter.com/nevbeenpromoted Facebook: https://www.facebook.com/hovienko | https://www.facebook.com/neverbeenpromoted
Website: https://www.neverbeenpromoted.com/
Instagram: https://www.instagram.com/neverbeenpromoted/
YouTube:
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챕터
1. Income Coach Steve Sellingut on Entrepreneurship (00:00:00)
2. Starting a Successful Business Mindset (00:10:21)
3. Financial Coaching and Income Generation Challenges (00:20:03)
4. Unlocking Entrepreneurial Success (00:30:32)
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