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
LOVE…WISDOM…MONEY

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” www.superplan.com/books

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:

www.superplan.com and to get Buddy’s book “The Coming Widow Boom” visit www.superplan.com/books


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.

www.ToddDurkinMastermind.com


Attention Leaders, Executives, and HIgh-Performers (Non-Fit Pros):

Would you like even more Passion, Purpose & IMPACT in Your Life? If so, check out The IMPACT Coaching program that Todd Durkin and expert life-coach Kelli Watson run. This is as comprehensive and deep as it gets: https://todddurkin.com/impact-coaching/.  


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  3. Please SHARE the episode on your Social Media or in a newsletter.

For more information on Todd’s new book, GET YOUR MIND RIGHT, go to:www.todddurkin.com/getyourmindright.


We LOVE your questions for the podcast!!

To ask Todd a question for the podcast, please go to www.todddurkin.com/podcast and ask anything on your mind!


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About the Author



Todd Durkin, MA, is a world-renown trainer, coach, author and motivational keynote speaker who trains dozens of elite, high-profile NFL, MLB, and MMA athletes, including two Super Bowl MVP’s, one NFL League MVP, Olympic gold medalists, Heisman Trophy winners, and MMA champions. Todd is a 2-Time Trainer of the Year, the 2017 Jack LaLanne Award recipient, the 2018 Canfitpro International Presenter of the Year, a member of the Under Armour Training Team, and a Top-100 Most Influential People in Health & Fitness.

Todd was a featured trainer on the popular TV show, NBC STRONG, which is now airing on Netflix. His award-winning gym, Fitness Quest 10 in San Diego, CA, is a Top-10 Gym in America and his 3 best-selling books, Get Your Mind Right, The WOW BOOK, and The IMPACT Body Plan, have both changed thousands of people’s lives. If you would like to get motivated and inspired now, you can pick these books up at www.Amazon.com, or if you would like a signed copy, please purchase at www.ToddDurkin.com/
TD Mastermind Coaching Program for Trainers & Fit-Pros

If you are a trainer, coach, or fitness pro, you need to check out Todd’s Mastermind Coaching Program. It is designed to help you create excellence in your business & life. It consists of 2-live retreats per year, monthly coaching, access to Todd and his team of coaches, select and unique opportunities within Todd’s network, weekly motivation, and a whole lot more. This is all primarily virtual so you can be located anywhere around the globe and you can join at any time.

Here are all the details: www.ToddDurkinMastermind.com
IMPACT Coaching for High-Performers & Growth-Minded individuals (Primarily NON-fit-pros)

If you are NOT a fitness pro, but a person who seeks high-performance and growth in business and life. There is a unique opportunity to work directly with Todd in his brand new IMPACT Coaching program. It’s only 60-Days long, but it’s an intense immersion in personal coaching (body, mind, AND spirit) and business coaching. There will only be 12-people in this program—one might as well be YOU.

The IMPACT Coaching Program is currently closed for registration but you can stay updated at https://todddurkin.com/impact-coaching/
New Podcast

Lastly, Todd’s new podcast (“The Todd Durkin IMPACT Show”) just dropped, and we would love for you to listen. It’s designed to motivate and inspire you to live a life full of passion, purpose, and IMPACT, and it’s guaranteed to Get Your Mind Right. Check it out and subscribe today at www.todddurkin.com/podcast. We also have a part of the podcast where we take your Q&A, so please send us your questions through the weblink.

We love featuring our fans!
Hire Todd to speak at your company, conference, or business

Todd delivers riveting, energizing, and enlightening keynotes and motivational talks and would love the opportunity to fire-up your people. Simply reach out to us via email (durkin@fitnessquest10.com) and Todd or a teammate will get back to you within 48-hours on how we can BEST help you.
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Todd can be reached on Instagram at @ToddDurkin, FB FAN page at www.Facebook.com/ToddDurkinFQ10, or email at durkin@fitnessquest10.com

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