How to Build Income That Never Stops: Steve Selengut on Investing for Retirement & Wealth | Ep 17

📈 Welcome to Bricks and Banks — Global Top 10% Podcast on ListenNotes | Power Score: 26 on Podchaser🎙️ In this episode, Stephanie Onwuemenyi is joined by Steve Selengut, a renowned private income independence coach, investment strategist, and author of Retirement Money Secrets. At age 80, Steve has mastered the art of building portfolios that generate 12% income annually, even in volatile markets.

💰 Learn how he:Built a $110M income-focused portfolio from scratchTransitioned from active wealth management to coachingCreates income during market downturns using closed-end funds (CEFs)Reframes the outdated 4% withdrawal ruleUses his Market Cycle Investment Management (MCIM) strategy to grow wealth sustainablyCoaches retirees and young investors toward income independence🔥 Whether you're building your first portfolio or preparing for retirement, this episode is packed with actionable strategies on:Smart cash flow investingUsing closed-end funds for monthly incomeWhy market value fills ego, but income fills the bankThe biggest retirement mistakes and how to avoid them📚 Grab Steve’s book: Retirement Money Secrets on Amazon - http://bit.ly/4kU2vQK📥 Join Steve’s CEF Income Investing Community: http://bit.ly/4kU2vQK🌐Check out Steve’s website: https://theincomecoach.net/Connect on LinkedIn: https://www.linkedin.com/in/privateinvestmentmanagement/Chapters: 00:00 Introduction to Income Coaching03:43 Steve's Journey: From Insurance to Investment Coaching06:24 Building an Income-Focused Community09:15 The Importance of Multiple Income Streams11:58 Investment Strategies: Closed-End Funds Explained14:46 The Flaws of the 4% Withdrawal Rule17:32 Transitioning to Coaching: A New Chapter20:10 Market Cycle Investment Management (MCIM) Strategy28:22 Understanding Closed-End Funds and Income Generation31:09 Investment Strategies for Beginners33:19 Coaching Retirees on Income Strategies37:08 Transitioning Investment Portfolios39:59 Profit-Taking and Selling Strategies47:12 Market Value vs. Income Generation49:45 The Working Capital Model in Investing54:16 Common Retirement Mistakes and Solutions57:15 Investment Strategies for Income Generation59:40 The Importance of Early Retirement Planning01:01:22 Real Estate as an Income-Generating Asset01:03:53 Understanding Income Independence vs. Financial Independence01:06:27 The Significance of Cash Flow in Investments01:09:21 Key Concepts for Income-Seeking Investors01:13:03 Lessons Learned in the Investment World01:14:48 Building a Community for Income Investors01:16:12 Rapid Fire Questions with Steve Selengut01:22:20 Conclusion and Key Takeaways