Feb 14 2025 34 mins
In this podcast episode, I welcome I welcome Shuey Wyne, V.P. Wealth Advisor at RVW Wealth and author of the Amazon bestseller Worry-Free Wealth. Shuey offers a unique take on wealth management, combining timeless wisdom with evidence-based investing.
We explore his unconventional path from rabbinical studies to managing over $1.6 billion in assets and discuss key principles for avoiding financial mistakes, delegating effectively, and building long-term wealth security.
Shuey’s Journey: From Rabbi to Wealth Advisor
- Early Influences: Raised in a rabbinic household, Shuey was deeply involved in religious education and leadership, following in his father’s footsteps.
- Ordination & Community Leadership: He received his rabbinical ordination and served as an associate rabbi before transitioning to finance.
- Discovering His Calling: Through counseling, he realized that financial insecurity was a major source of stress for people, leading him to pivot into wealth management.
- Joining RVW Wealth: Now a senior advisor, he helps clients navigate financial planning with a focus on achieving peace of mind.
The Wealth Pyramid: A Blueprint for Financial Security
- Peace of Mind Foundation: Covering essentials like insurance, estate planning, and asset protection.
- Core Nest Egg: A diversified approach incorporating equities, real estate, private credit, and bonds to preserve and grow wealth.
- Speculative Investments: Identifying high-risk opportunities and ensuring they complement, rather than endanger, overall financial security.
Biggest Financial Mistakes & How to Avoid Them
- Divorce: The single largest financial disruptor, often leading to long-term financial setbacks.
- Underinsurance: Many professionals and business owners are inadequately insured, exposing themselves to unnecessary financial risk.
- Speculative Investing: Without a strong financial foundation, risky investments can lead to significant losses.
What to Look for in a Wealth Advisor
- Pure Fiduciary Duty: Advisors should act in their clients’ best interests 100% of the time.
- Evidence-Based Investing: A data-driven approach to financial decision-making, rather than speculation.
- Transparent Compensation: Understanding all fees, including advisory, investment, and tax costs, is essential.
About our guest: Shuey Wyne, V.P. Wealth Advisor at RVW Wealth and author of the Amazon bestseller Worry-Free Wealth.
You can learn more about his work:
https://www.linkedin.com/in/shuey-wyne-42b546230/
https://worryfreewealthbook.com/
About Your Host: Paul G. McManus is an accomplished author and expert in helping financial professionals grow their businesses. With over eight years of experience working exclusively with financial professionals, Paul has helped his clients generate tens of millions of dollars in fees and commissions.