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6 Killers of Family Wealth with Buddy Thomas

Meet my financial advisor Buddy Thomas. I don’t make any big financial moves without him. And today, I asked Buddy to share some of his incredible wisdom on the IMPACT Show. The key topic we are talking about today is “wealth.” Not just money, but that’s a big part of the discussion. We are also talking about body, mind, spiritual, and relational wealth.

Regardless of who you are, what you do, and where you are in life, this episode is packed with incredible wisdom, advice, and tips on how NOT to kill your family wealth.  

We will go deep on how you spend money, investments, purpose in life, taxes, bad advice, and avoiding distractions & burnout.  Heck, I even give away some of my top tips and secrets that the “Director of my family office” has coached me on and I share why having a “B.A.I.L.” team is essential to your wealth. So get ready to take notes and get ready to get “wealthy.”

Enjoy the show and please share it on your social media and be sure to tag us.

IG/Twitter:  @ToddDurkin 
Facebook:  @ToddDurkinFQ10 

More on the episode:

:10  – It’s All About Wealth
Todd introduces the “Director of his family office,” Buddy Thomas

4:42 – Where are Your Finances at Right Now? 
The Dangers and Opportunities

7:10 – The Blended Cocktail of Family Wealth

10:34 – The 6 Killers of Family Wealth
#1 Spend More Than You Make
#2 Bad Investment Policy
#3 Vague Purpose
#4 Overpaying Your Taxes
#5 Bad Advice
#6 Distractions and Burnout

21:13 – How to Generate More Revenue
Personal Capital is the Key to Financial Freedom

28:07 – Invest in yourself
If You Can Add Value You Can Make Money

29:40 – What’s in Your Buckets – Some of Todd’s Secrets

39:03  – Opportunities Exist in Today’s Market

43:17  – Deepen Your Purpose

47:33  – Overpaying Taxes

52:56 – Coordinate Your Bail Team

57:09  –  Real Talk on Burnout and Distractions

1:04:00 – Rapid Fire Questions for Buddy

1:06:32 – Financial Advice for Kids

1:08:56 – 80% of the Time the Husbands Die First!

Get Buddy’s book “The Coming Widow Boom”

Be sure to go back to Episode 28 My Million Dollar Mentor and Episode #29 “Hell & Back” with my man Wayne Cotton!

About Buddy Thomas:

James F. Thomas, Jr. (Buddy) CFP, AEP 
President, Chief Planning Officer, Superior Planning

Buddy Thomas founded Superior Planning in 1982 to assist family leaders in protecting and growing their family wealth. Over the years, he has personally guided hundreds of families on their paths to realizing their vision and achieving their goals.

He is the creator of the Superplan, pioneering family wealth and relationship management system that presents all the information necessary for family leaders to make crucial decisions in one, up to date, easy to use format. 

As Chief Planning Officer of Superior Planning, Inc., a Registered Investment Advisor, Buddy is responsible for the strategic planning and implementation progress of each client’s family, as well as the firm’s operations and business development efforts. 

Visit the website for more on Buddy and Superior Planning: and to get Buddy’s book “The Coming Widow Boom” visit

If you are a Trainer, Coach, or Fitness PRO looking for more guidance, coaching, accountability, feedback, and wisdom, I invite you to enroll in the Todd Durkin Mastermind program.

The Mastermind is designed for anyone who wants even more success and wants to experience the best coaching in business, leadership, training, and personal growth.  

There is a special NOW that you can sign-up NOW and get the rest of August and September for FREE. Take advantage of this opportunity, and you are guaranteed to get results in your business right away.

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