In addition to membership benefits, YEC offers access to educational materials featuring successful entrepreneurs. [Note: The full benefit is YEC members only — click here to find out if you qualify — though everyone can find more videos on our YouTube channel, here.]
In this video clip, Ryan Payne, president of Payne Capital Management (PCM), explains why entrepreneurs should diversify their assets outside of their businesses. This gives you more flexibility to put money away in a pre-tax vehicle that will compound over time. As well, it takes pressure off of selling your business someday because your eggs aren’t all in one basket.
“Growing your money slower in a diversified portfolio is not as sexy, but it works really well in compounding your money over time.”
More about our expert: Ryan Payne is the president of Payne Capital Management (PCM). In this role, he co-designs the firm’s investment and financial planning strategies while supervising all the financial advisors to ensure PCM’s distinctive ideas and philosophies are properly implemented. Ryan also directs PCM’s educational initiatives to inform the public about goal-based financial planning and investing.
YEC members: Discover more great content at member.yec.co/education.