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/
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