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Nov 27, 2018

Frazer Rice is a wealth manager with fifteen years experience and President of Wealth Actually LLC, a financial services company that helps individuals and entities improve their presence and increase business. His clients range from hedge fund managers to corporate executives and established families. He is a graduate of Duke University and Emory University Law School and is a member of the New York State Bar. Additionally, he is also the author of the book Wealth, Actually and has been featured on cable TV and in publications such as the Daily Telegraph and New York Times.

Frazer joins me today to discuss his fascinating journey to his fourth career and the authoring of his book. He shares his inspirations for podcasting and writing the book Wealth, Actually, and reveals the details of some of the most important lessons that the book teaches. He also discusses topics such as financial literacy, intergenerational planning and how to avoid philanthropic fatigue.

  

“If people early on understood that time could work in your favor - if you are saving - then interest works for you. But it can work in your disfavor if you are borrowing to fund something that isn’t going to pay you back.” - Frazer Rice

 

 

 

Today on I’m A Millionaire...So, Now What?:

 

  • Frazer’s journey from law school through to his fourth career and building a business around the book.
  • His passion for writing and podcasting.
  • How the movie Love, Actually inspired the title of the book.
  • How the lessons and fundamentals covered by the book is for more than the 1%.
  • The top lesson from his book.
  • The threats to wealth and identifying the legacy that you want to leave.
  • Intergenerational planning, preparing your heirs and encouraging next generations.
  • How to educate your children on financial literacy in a low stake environment.
  • Charities, foundations and the strategies that the very wealthy can use to avoid philanthropic fatigue.

 

 

Frazer Rice’s Fun Frank Advice for Self-Made Millionaires & Wealthy Families:

 

  • The best way to enhance your wealth is to read a lot. Read broadly in the area that you have an edge, expertise or make your money. When you read books, you take someone's lifetime of experience and incorporate within your own. You don’t necessarily need to be the best in the world at one thing if you are pretty good at two things and move them together; then you can be the best in the world at that joinder.

 

 

Connect with Frazer Rice:

 

  

 

 

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