Eric Watchhorn is a seasoned financial expert with extensive knowledge in risk management and wealth building. As the managing partner of Watchhorn Risk and Wealth Management Corp, he specializes in guiding clients through complex financial landscapes with innovative strategies. Co-author of "Financial Blind Spots," Eric brings a deep understanding of the psychological and practical aspects of financial decision-making. His insights into infinite banking and tax-efficient planning offer unique solutions for individuals and businesses alike. Eric's expertise helps clients navigate financial uncertainties and build resilient financial futures.
Here’s a glimpse of what you’ll learn:
- Identifying and overcoming financial blind spots
- The importance of mindset in personal finance
- Strategies to combat procrastination in financial planning
- Benefits and applications of infinite banking
- The impact of taxes on investment returns
- Effective use of debt and understanding good vs. bad debt
- Importance of insurance and risk management in financial planning
In this episode…
In this episode of The Cyber Business Podcast, host Matthew Connor sits down with Eric Watchhorn, managing partner of Watchhorn Risk and Wealth Management Corp and co-author of the book "Financial Blind Spots." Eric shares his extensive knowledge and insights on identifying and overcoming financial blind spots that many individuals and businesses face. With a focus on personal finance, Eric explains how our mindset, biases, and procrastination can significantly impact our financial decisions and success. He emphasizes the importance of examining our own thinking and understanding the sources of our financial programming.
Eric also delves into the concept of infinite banking, a strategy that utilizes whole life insurance policies to create a tax-advantaged financial tool. He explains how infinite banking can serve as an asset class, offering liquidity and protection while allowing for significant growth over time. The discussion includes real-life examples and practical advice on how to set up and use infinite banking effectively, highlighting its benefits for both individuals and businesses. Eric's expertise in risk management and insurance further underscores the importance of having a comprehensive financial plan that accounts for unexpected events and long-term goals.
Throughout the conversation, Eric takes us on an explorative journey on the critical role of taxes in financial planning, demonstrating how proper tax management can drastically affect investment returns. They also touch on the value of having the right financial partners and advisors to navigate complex financial landscapes. With engaging anecdotes and expert advice, this episode provides listeners with valuable tools and strategies to enhance their financial well-being and achieve their long-term financial objectives. Tune in to gain a deeper understanding of how to manage your finances more effectively and avoid common pitfalls.
Resources mentioned in this episode:
- Matthew Connor on LinkedIn
- CyberLynx
- Eric Watchorn on LinkedIn | Website
- Michael Baker on LinkedIn
- Financial Blindspots co-authored by Eric Watchorn and Michael Baker
Sponsor for this episode...
This episode is brought to you by CyberLynx.com
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