Unlocking the Secrets of Wealth: A Conversation With Greg Smith on Living Through 8-9 Economic Cycles

<p dir="ltr">Ever wondered what it's like to be wealthy? If you have more money than you can spend, how would you spend your days? How would you make investment decisions? If you're interested in knowing what ultra-high-net-worth families do compared to other families, that's one thing Erik and Greg Smith discuss in today's episode. </p> <p dir="ltr"> </p> <p dir="ltr">They also talk about economic cycles, knowing your local market and the macroeconomy, leverage, buy and sell-side due diligence, wealth accumulation, wealth preservation, and many more topics valuable to franchisees, franchisors, and franchise buyers. Take advantage of these exclusive insights!</p> <p dir="ltr"> </p> <p dir="ltr">Greg Smith has 50 years of business experience with a history of representing ultra-high-net-worth families with business acquisitions and executive management of these businesses. His background includes commercial banking, aviation, chemicals, automobile finance, insurance, and real estate. Greg also has a lot of experience with federal regulators in highly regulated industries. For the past 12 years, Greg has worked across sectors as Investment Banker managing capital raising, sell-side and buy-side transactions. He is the author of the book “No Locked Doors!: Master the Keys to Transform Problems into Possibilities.”</p> <p dir="ltr"> </p> <p dir="ltr"><em>“It's being an informed investor and doing your due diligence upfront and knowing where you are in the economic cycle that can make or break a deal.” - Greg Smith</em></p> <p dir="ltr"> </p> <p dir="ltr"><strong>In This Episode:</strong></p> <p dir="ltr" role="presentation">- How do you define an ultra-high-net-worth family?</p> <p dir="ltr" role="presentation">- What ultra-high-net-worth families do compared to other high-net-worth families</p> <p dir="ltr" role="presentation">- With the advancement of technology and digital marketing strategies, does Greg see the revival of old sales techniques like giving out coupons?</p> <p dir="ltr" role="presentation">- Greg ta