Wealth Dynasty

Kurt Tucker and Mark Schmidt
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Wealth Dynasty is the podcast for global citizens, high-net-worth individuals, and legacy-minded leaders who know true wealth is more than numbers on a balance sheet. Each week, we share conversations with experts and everyday builders of wealth to uncover the strategies, systems, and mindsets that turn success into legacy. From estate planning and tax strategies to investing, insurance, and family governance, we break down both emerging trends, and timeless principles, so you can preserve what you’ve built, scale it further, and ensure it lasts for generations. This isn’t hype or jargon. It’s clear, actionable insight designed to help you grow, protect, and pass on wealth that matters, not just for you, but for those who come after you.

  1. Health Is the Real Wealth: The Longevity Blueprint for High Performers

    4 FEB

    Health Is the Real Wealth: The Longevity Blueprint for High Performers

    Ralph Waldo Emerson recognized the connection between health and longevity when he wrote in The Conduct of Life in 1860, “The first wealth is health.” But how do you prioritize health in the hustle culture we live in today? In this episode, I’m sharing practical health tips to help you build a lasting legacy for your family. As Emerson reminds us, health comes before money, status, and possessions, because everything else depends on it. Get Your Blood Work Checked Just because your blood levels are in a healthy range doesn’t mean you don’t need to get blood work done. This is a dangerous mistake many people make.Start with an annual basic screening and then consider doing two to four advanced screening tests per year. Your blood levels can change due to stress, diet changes, and other factors. Advanced screenings allow you to see whether things are moving in a positive or negative direction with your health. Check Your Thyroid Levels Your thyroid affects energy levels, heart rate, mood, mental clarity, and more. If you notice you’re feeling irritable, unusually tired, experiencing weight loss without trying, or having trouble sleeping, ask your doctor for a blood test to check your T3 and T4 levels. Work Out More Over the years, our muscle strength declines, and the best way to help with it is by doing more resistance training.Start getting your heart rate up by doing more cardio. Try wearing a fitness watch to make sure you're doing it every day.Some devices can also check your VO2 max, or the amount of oxygen your body uses during exercise. If you’re unsure what your ideal levels are, consider getting a VO2 max test done. Sleep Is Not a Luxury Despite what our culture tells us, sleep is not optional. You can’t expect health and longevity if you’re not getting enough rest. Our bodies need sleep to repair, so aim to get as close as possible to eight hours each night. Nutrition and Hydration You may not like it, but try eating less junk food. Hidden ingredients often make us feel tired and weighed down. Even though it’s tasty, it’s not always good for us. Focus on eating more whole foods and watch how your health starts to improve.Another thing to focus on is drinking fewer sugary drinks and more water. Dehydration affects your blood pressure and blood volume, and it can also affect your sleep. Build Balance Another thing that happens as we age is that we can become wobbly or off balance. Start doing balance training, and the best part is that you can do this almost anywhere. If you’re struggling to get in shape, consider seeking help from a personal trainer. “Most people don’t hydrate enough, and when you add alcohol into the mix, dehydration happens fast.” - Mark Schmidt Resource Stay connected With Us - a href="https://figtreegroup.com/" rel="noopener noreferrer"...

    4 min
  2. Who a LIRP Is For, and Who It’s Not – Part 2

    28 JAN

    Who a LIRP Is For, and Who It’s Not – Part 2

    In Part Two we go over advanced strategies for deploying Life Insurance Retirement Plans (LIRPs). We also cover the flexibility, tax advantages, and protection LIRPs offer high-income earners who want stable, protected cash value. Funding Options and Flexibility LIRPs offer customizable payment structures, such as 7-pay, 10-pay, or ongoing payments. Planning and discipline are key. Kurt notes that while you can reduce payments if life circumstances change, increasing them is limited by federal rules to avoid Modified Endowment Contract status. If you need to invest additional lump sums, setting up new LIRPs is possible, as long as insurability is maintained. LIRP vs Term Insurance We compare the traditional "buy term and invest the difference" approach with permanent insurance options like LIRPs. Term insurance is inexpensive at first, but many people outlive it. Permanent insurance, on the other hand, offers guaranteed savings and lifelong coverage. Mark highlights that many people struggle to stay disciplined with "invest the difference," whereas LIRPs create automatic saving habits. Who Benefits Most LIRPs are especially useful for high-income earners, high-net-worth individuals, global citizens, and business owners seeking asset protection. Kurt shares how they can be creditor-proof in certain jurisdictions, like Florida, and serve as a safe, protected asset similar to a primary residence. Estate Planning and Legacy From policies for newborns to gifting to children or grandchildren, LIRPs give families a flexible way to build and transfer wealth across generations. The structure also provides easy access to funds for major life events, such as buying a home or funding education. “Some people might say, ‘I don’t need life insurance, so why would I do this?’ Well, I know single people who want the benefits but want the beneficiary to be a niece, a nephew, a charitable organization, parents, or someone else they care about.” - Kurt Tucker Resource Stay connected With Us - https://figtreegroup.com/ Credits Produced by bluëmango | STUDIOS. Music by SoundsStripe. Thank you for listening!

    17 min
  3. What Is A Life Insurance Retirement Plan (LIRP)? - Part 1

    23 JAN

    What Is A Life Insurance Retirement Plan (LIRP)? - Part 1

    Insurance, taxes, and accumulation. Can life insurance really help you win in all three areas? In this episode, we break down what life insurance retirement plans (LIRPs) are and how they can play a role in building generational wealth. This is part one of the conversation. What Is A LIRP? We start by breaking down exactly what a life insurance retirement plan is and why it matters.Kurt walks you through how permanent life insurance works, including whole life, universal life, indexed universal life, and variable universal life, and how cash value grows inside the policy.Mark adds an important perspective by explaining why LIRPs are both an insurance strategy and a tax strategy, combining long-term accumulation with the protection of life insurance. How to Build Wealth with a LIRP Taxes play a major role in this conversation. We talk about how LIRPs can reduce the tax drag you often see in traditional brokerage accounts, where gains are taxed as capital gains, interest, or dividends.Kurt explains how LIRPs allow money to grow on a tax-deferred basis and how policy loans and withdrawals can be accessed tax-free, which can be especially valuable for higher-income earners. Product Variations and Safety Next, we walk you through the different policy options and how each one handles risk and growth.We explain why indexed universal life often stands out for its balance of protection and upside potential, with built-in floors that help limit downside risk and caps that control growth.We also cover why whole life is known for guarantees and dividends, and how variable life ties growth more closely to the market while offering less downside protection.Throughout part one of this topic, we focus on the core benefit of LIRPs: permanent insurance coverage paired with a flexible, tax-advantaged pool of money that can be accessed without penalties. “With a LIRP, we flip the script by minimizing the death benefit, maximizing cash value, and keeping the cost as low as possible.” - Kurk Tucker

    21 min
  4. What is Generational Wealth

    17/12/2025

    What is Generational Wealth

    Ever wonder what it takes to build a fortune that lasts for generations? Today, we've got the answer from a true expert: Danny Farmer, the chairman and founder of Figtree. He's here to share his three unique strategies for long-term wealth preservation. Dedication to the Caribbean Offices Danny's commitment to the Caribbean stems from a simple observation: there’s a missing piece for family businesses in the region. He noticed that while many families have family offices, these models often don't support active entrepreneurs still running their businesses. After becoming a trusted advisor to families, he got to understand their frustrations with this problem and what goals they were trying to achieve. To fill this gap, he created Figtree, focusing on family office solutions to help active family entrepreneurs navigate day-to-day challenges. Family Entrepreneurship and Legacy Danny Farmer has found that every family business shares a common goal: creating a lasting legacy. But, before that can happen, families must first define what legacy means to them. This is the principle behind Figtree's tagline: "Your legacy is our focus."For each family, this meaning is unique. For some, it means a seamless handover to the next generation. For others, it's about professionalizing the business while ensuring the family's values remain at its core. After spending their lives building their companies, the ultimate goal is to pass on not just a business, but a lasting family legacy. Generational Conflicts in Family Business Danny Farmer identifies a key dilemma in family businesses: the generational conflict over control and strategy. The founding generation, after years of hard work, often wants to step back but lacks a clear retirement plan, making them reluctant to hand over control. At the same time, the next generation, eager to innovate, may prefer to reinvest profits instead of paying out dividends, creating friction. Danny’s advice is for founders to view their children not just as family, but as professionals whose skills should be used to add immediate value, such as by helping to plan a smooth transition to preserve the family’s wealth. Professionalize vs. Monetize In a family business, Danny explains that founders often face a critical choice for the next generation. If the heirs don't want to or can't run the business, the founder has two main options: professionalize or monetize.Professionalizing means bringing in external expertise to run the business, allowing it to grow while the family maintains ownership. Monetize involves selling the business to unlock its financial value and create a liquid asset.Danny helps founders...

    34 min
  5. How I Created Generational Wealth

    10/12/2025

    How I Created Generational Wealth

    We all get inspired by a good come-up story, and today's guest, Jerry Boggess, has an incredible one to share. Join us as he discusses how he and his wife used a clever blend of the corporate world, education, real estate, and life insurance to create generational wealth that their grandchildren can now enjoy. Climbing the Corporate Ladder ·  Jerry Boggess's journey began at the bottom, working as a fire alarm technician. He spent his days bolting pipes into the ground, often ending his shifts covered in dust and dirt. While working, he was also earning a mechanical engineering degree from the University of Utah. ·  During his college summer breaks, Jerry took on more hours and responsibilities. This allowed him to learn how to design and sell fire alarm systems. As graduation approached, he was promoted to general manager after his predecessor left to start his own business. ·  After a few years, he moved on to a new company, which led to a higher income. This career progression eventually paved the way for him to begin his real estate investment journey. From First Land Plot to Generational Wealth ·  Uninterested in stocks and bonds, Jerry chose to invest in real estate instead. At just 17, he made his first investment: a lot near a protected reservoir, for which he paid just $15 down with a $15 monthly payment. After a few years, he realized it wasn't a great investment. ·  His next real estate venture was more successful. Right after getting married, he and his wife purchased a 12-acre plot of land in Congo. ·  Rather than taking on car payments, they decided to invest in more properties, which eventually led them to a warehouse. Jerry explains how buying an $850,000 warehouse helped create generational wealth for his family. ·  Here's a key part of his strategy: Tie up a piece of property with an income-producing asset and let that income pay the mortgage. Over time, the value of the property will grow. Passing Down a Legacy of Wealth and Wisdom ·  From a young age, Jerry instilled in his children the importance of education. One of his sons followed in his footsteps to earn an engineering degree, while another became a doctor. He firmly believes that a college degree is essential for success in life. ·  In addition to education, Jerry also taught his family the importance of investing and building wealth. While not all of his children chose the same career path, they all have a strong understanding of his financial principles. The Insurance Strategy That Built a Fortune ·  Jerry's savvy financial moves weren't limited to real estate. Early in his career, he secured a variable life insurance policy that served a dual purpose: it provided coverage for him and his wife and offered a source of liquid cash. ·  While they were both healthy, they converted the cash value from the variable policy into a fixed policy. This move guaranteed a tax-advantaged payout that would provide for their beneficiaries no matter what. ·  It was a smart play. Instead of risking the policy's value declining to zero, they seized the opportunity to lock in a guaranteed benefit. This allowed them to use that cash to fund real estate investments and ultimately create generational wealth. “Buy rental properties, generate revenue to cover payments, and inflation will increase the property's value. The payments stay the same with the insurance company, but you're able to increase the rental payments, which grows your cash flow." - Jerry Boggess.

    32 min
  6. Your Personal CFO For Wealth Management

    03/12/2025

    Your Personal CFO For Wealth Management

    What does a winning investment strategy look like? To help show you, I invited my good friend and Fig Tree Cayman investor to join me in this episode. Michael O’Connor brings years of investing experience to help you structure, grow, and protect your wealth.  Meet Michael O’Connor ·  Michael O’Connor works with a diverse client base and is known for taking a holistic approach to financial problem-solving while designing clear, practical strategies tailored to each person’s goals. ·  As a trusted investment advisor with the Fig Tree Office in Grand Cayman, Michael attracts clients from all over who seek out his tailored strategies to help grow and protect their wealth. His guidance evolves with each client’s changing financial needs and long-term vision. Building Stable Investment Strategies (00:00:01 – 00:04:51) ·  Michael outlines his core approach of taking conviction-based positions and staying ready to buy when valuations are attractive.  ·  He also highlights Fig Tree’s growth model—up 16% year to date—which blends equities, fixed income, and alternatives tailored to each client’s goals and risk level. Beyond Investments: Problem-Solving for the Global Elite (00:04:51 – 00:11:58) ·  Michael shares how true wealth management extends beyond markets. He explains the complexities of international tax planning, family business transitions, and multi-jurisdictional structures.  Investing in Today's Macro Environment (00:14:08 – 00:27:00) ·  Michael shares his guiding philosophy in an inflation-driven, stimulus-heavy environment: "Own things," and avoid excess cash.  ·  He discusses the role of duration management in fixed income and how technical indicators help shape equity exposure. Life Insurance and Holistic Risk Management (00:32:18 – 00:35:05) ·  His last piece of advice is for families, especially high-earning ones, to have life insurance and basic estate planning. ·  People often delay these financial decisions, but it's important for long-term family security.  “This year, the winners have been pre-earnings, pre-revenue companies. Investing isn’t easy. It’s about holding conviction and buying when the opportunity arises, again and again.” – Michael O’Connor Resources Connect with Michael O’Connor on LinkedIn and explore Fig Tree Group to discover tailored investment strategies.

    36 min
  7. Money and Thanksgiving - How To Handle The Akward Money Conversations

    26/11/2025

    Money and Thanksgiving - How To Handle The Akward Money Conversations

    show notes

    23 min
  8. What Is Premium Financing?

    12/11/2025

    What Is Premium Financing?

    In this episode, Andrew Szpiro delves into the intricacies of premium financing, a strategy that allows individuals to acquire insurance without liquidating other valuable assets. Discover how this financial tactic can enable you to use your existing wealth to secure your future while maintaining your investment portfolio intact. Understanding Premium Financing ● Premium financing allows you to borrow against your assets to pay for life insurance premiums, preserving your capital. ● This approach minimizes the need to liquidate investments or other assets, which can be particularly beneficial in maintaining market positions. ● The potential for long-term returns can make premium financing an appealing option, with historical market returns averaging around 8-9% over 30 years. Common Strategies and Considerations ● It’s essential to evaluate the leverage ratios and interest rates associated with premium financing to ensure a favorable outcome. ● Borrowing against existing assets can provide liquidity while also investing in life insurance, but understanding the risks involved is crucial. ● Engaging with financial advisors who specialize in premium financing can provide tailored strategies based on individual financial situations. Return on Investment and Market Trends ● Historical averages suggest that the worst market returns over three decades hover around 8-9%, indicating stability and growth potential. ● It's important to assess the long-term performance of underlying assets when considering this financing approach. Homework Challenge or Action Steps ● Assess your current asset portfolio and determine which could be leveraged for premium financing. ● Research and consult with a financial professional to analyze if this strategy fits your financial goals. "Investing in life insurance through premium financing allows you to capitalize on your assets without having to divest." ● Andrew Szpiro.Timestamps ● 00:00 ● Introduction ● 02:15 ● What is Premium Financing? ● 05:10 ● Benefits of Using Assets as Collateral ● 10:30 ● Market Trends and Historical Returns ● 15:45 ● Key Considerations and Closing Thoughts Resources ● Learn more about premium financing options at https://figtreegroup.com/ Connect with Andrew on LinkedIn - https://www.linkedin.com/in/andrewszpiro Credits Produced by bluëmango | STUDIOS. Music by SoundsStripe. Thank you for listening!

    32 min
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About

Wealth Dynasty is the podcast for global citizens, high-net-worth individuals, and legacy-minded leaders who know true wealth is more than numbers on a balance sheet. Each week, we share conversations with experts and everyday builders of wealth to uncover the strategies, systems, and mindsets that turn success into legacy. From estate planning and tax strategies to investing, insurance, and family governance, we break down both emerging trends, and timeless principles, so you can preserve what you’ve built, scale it further, and ensure it lasts for generations. This isn’t hype or jargon. It’s clear, actionable insight designed to help you grow, protect, and pass on wealth that matters, not just for you, but for those who come after you.

Information

  • Creator
    Kurt Tucker and Mark Schmidt
  • Years Active
    2025 - 2026
  • Episodes
    19
  • Rating
    Clean
  • Copyright
    © Copyright 2026 Kurt Tucker and Mark Schmidt
  • Show Website
    Wealth Dynasty