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Financial Literacy 101: Understanding Trusts & Building Wealth - Nakiim Bey

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Manage episode 485156506 series 3511196
Content provided by Ron Brown and Mikey Fever aka Sour Micky, Ron Brown, and Mikey Fever aka Sour Micky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ron Brown and Mikey Fever aka Sour Micky, Ron Brown, and Mikey Fever aka Sour Micky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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Every wealthy family has one thing in common: they don't actually "own" most of their assets. Surprised? You're about to discover why controlling—not owning—is the ultimate wealth protection strategy.Nakeem Bey, a financial expert with decades of experience in trust formation and asset protection, unveils the secrets of generational wealth building that most financial advisors never discuss. Drawing from his unique background spanning from the Five Percent Nation to Masonic studies to certified legal training, Bey breaks down complex wealth preservation concepts into actionable strategies anyone can implement.At the heart of this eye-opening conversation is the power of trust structures—legal frameworks that create separation between you and your assets while maintaining your control. Unlike wills that face public probate proceedings, properly constructed trusts transfer wealth seamlessly to your beneficiaries while protecting against creditors, lawsuits, divorce proceedings, and other wealth-draining threats. Bey masterfully explains the roles of grantors, trustees, and beneficiaries while outlining how different trust types serve different purposes.The discussion extends beyond trusts to include strategic business formations that create additional layers of protection. Learn why sole proprietorships expose your personal assets to unnecessary risk, how LLCs function as hybrid entities offering flexibility and protection, and why distributing assets across multiple entities creates powerful barriers against potential claims. Bey doesn't just explain what to do—he explains why, referencing actual court cases and legal precedents that demonstrate these principles in action.Whether you're just starting to build wealth or looking to protect what you've already accumulated, this conversation offers invaluable insights into creating true financial

Fit, Healthy & Happy Podcast
Welcome to the Fit, Healthy and Happy Podcast hosted by Josh and Kyle from Colossus...
Listen on: Apple Podcasts Spotify

Support the show

NYPTALKSHOW EP.1 HOSTED BY RON BROWNLMT & MIKEY FEVER
#consciousness #spirituality #meditation #love #awakening #spiritualawakening #spiritual #mindfulness #healing #energy #selflove #yoga #enlightenment #wisdom #peace #lawofattraction #inspiration #life #awareness #soul #motivation #universe #lightworker #nature #quotes #happiness #believe #higherconsciousness #art #gratitude #hiphop #rap #music #rapper #trap #beats #hiphopmusic #newmusic #producer #artist #love #dance #rapmusic #rnb #dj #art #hiphopculture #explorepage #soundcloud #spotify #rappers #freestyle #musicproducer #youtube #bhfyp #beatmaker #instagood #s #musician #follow
#newyork #nyc #newyorkcity #usa #losangeles #miami #love #brooklyn #california #manhattan #ny #fashion #london #music #atlanta #photography #hiphop #art #newjersey #florida #instagram #instagood #chicago #canada #texas #paris #travel #longisland #rap #explorepage
#healthy #fitness #healthylifestyle #healthyfood #health #food #fit #motivation #workout #lifestyle #gym #love #vegan #weightloss #foodie #fitnessmotivation #instagood #nutrition #training #foodporn #instafood #fitfam #diet #bodybuilding #yummy #healthyliving #exercise #healthyeating #wellness #delicious
#currentevents #currentaffairs #news #gk #politics #upsc #ssc #knowledge #podcast #gujarati #ias #discussion #gpsc #debate #generalknowledge #instagram #currentaffairsquiz #politicalscience #youth #gujarat #voting #ips #current #politicalcompass #mun #gov...

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Chapters

1. Financial Literacy 101: Understanding Trusts & Building Wealth - Nakiim Bey (00:00:00)

2. [Ad] Fit, Healthy & Happy Podcast (00:12:46)

3. (Cont.) Financial Literacy 101: Understanding Trusts & Building Wealth - Nakiim Bey (00:13:32)

272 episodes

Artwork
iconShare
 
Manage episode 485156506 series 3511196
Content provided by Ron Brown and Mikey Fever aka Sour Micky, Ron Brown, and Mikey Fever aka Sour Micky. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ron Brown and Mikey Fever aka Sour Micky, Ron Brown, and Mikey Fever aka Sour Micky or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

Every wealthy family has one thing in common: they don't actually "own" most of their assets. Surprised? You're about to discover why controlling—not owning—is the ultimate wealth protection strategy.Nakeem Bey, a financial expert with decades of experience in trust formation and asset protection, unveils the secrets of generational wealth building that most financial advisors never discuss. Drawing from his unique background spanning from the Five Percent Nation to Masonic studies to certified legal training, Bey breaks down complex wealth preservation concepts into actionable strategies anyone can implement.At the heart of this eye-opening conversation is the power of trust structures—legal frameworks that create separation between you and your assets while maintaining your control. Unlike wills that face public probate proceedings, properly constructed trusts transfer wealth seamlessly to your beneficiaries while protecting against creditors, lawsuits, divorce proceedings, and other wealth-draining threats. Bey masterfully explains the roles of grantors, trustees, and beneficiaries while outlining how different trust types serve different purposes.The discussion extends beyond trusts to include strategic business formations that create additional layers of protection. Learn why sole proprietorships expose your personal assets to unnecessary risk, how LLCs function as hybrid entities offering flexibility and protection, and why distributing assets across multiple entities creates powerful barriers against potential claims. Bey doesn't just explain what to do—he explains why, referencing actual court cases and legal precedents that demonstrate these principles in action.Whether you're just starting to build wealth or looking to protect what you've already accumulated, this conversation offers invaluable insights into creating true financial

Fit, Healthy & Happy Podcast
Welcome to the Fit, Healthy and Happy Podcast hosted by Josh and Kyle from Colossus...
Listen on: Apple Podcasts Spotify

Support the show

NYPTALKSHOW EP.1 HOSTED BY RON BROWNLMT & MIKEY FEVER
#consciousness #spirituality #meditation #love #awakening #spiritualawakening #spiritual #mindfulness #healing #energy #selflove #yoga #enlightenment #wisdom #peace #lawofattraction #inspiration #life #awareness #soul #motivation #universe #lightworker #nature #quotes #happiness #believe #higherconsciousness #art #gratitude #hiphop #rap #music #rapper #trap #beats #hiphopmusic #newmusic #producer #artist #love #dance #rapmusic #rnb #dj #art #hiphopculture #explorepage #soundcloud #spotify #rappers #freestyle #musicproducer #youtube #bhfyp #beatmaker #instagood #s #musician #follow
#newyork #nyc #newyorkcity #usa #losangeles #miami #love #brooklyn #california #manhattan #ny #fashion #london #music #atlanta #photography #hiphop #art #newjersey #florida #instagram #instagood #chicago #canada #texas #paris #travel #longisland #rap #explorepage
#healthy #fitness #healthylifestyle #healthyfood #health #food #fit #motivation #workout #lifestyle #gym #love #vegan #weightloss #foodie #fitnessmotivation #instagood #nutrition #training #foodporn #instafood #fitfam #diet #bodybuilding #yummy #healthyliving #exercise #healthyeating #wellness #delicious
#currentevents #currentaffairs #news #gk #politics #upsc #ssc #knowledge #podcast #gujarati #ias #discussion #gpsc #debate #generalknowledge #instagram #currentaffairsquiz #politicalscience #youth #gujarat #voting #ips #current #politicalcompass #mun #gov...

  continue reading

Chapters

1. Financial Literacy 101: Understanding Trusts & Building Wealth - Nakiim Bey (00:00:00)

2. [Ad] Fit, Healthy & Happy Podcast (00:12:46)

3. (Cont.) Financial Literacy 101: Understanding Trusts & Building Wealth - Nakiim Bey (00:13:32)

272 episodes

All episodes

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