Building Wealth Through Income | Steve Selengut | Ep 187

Welcome to Better Business, Better Life. Join Host Debra Chantry-Taylor is joined by seasoned investor Steve Selengut, The Income Coach, who brings over 40 years of investment experience. 

Steve shares insights from his journey, starting at age 25, and emphasises on focusing on generating income rather than market value. He advocates for using closed-end funds for high yields and diversification, highlighting the importance of setting profit targets and avoiding emotional investment decisions. 

In this episode, Steve also discusses his latest book, "Retirement Money Secrets," which offers practical advice on income-producing investments and risk management strategies.

Tune in to learn how to build a stable income stream through smart investing. 

HOST'S DETAILS:

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►Debra Chantry-Taylor is a Certified EOS Implementer | Entrepreneurial Leadership & Business Coach | Business Owner

►See how she can help you: https://businessaction.co.nz/

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GUESTS DETAILS: 

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► https://theincomecoach.net/

► Steve Selengut - LinkedIn   

Chapters:   

00:42 - Introduction and Host Welcome 

02:03 - Steve Selengut's Background and Investment

Philosophy

06:13 - Investment Journey at Age 25

09:03 - Steve's Business and Transition to Coaching

11:17 - Focus on Income Over Market Value

15:09 - Introduction to Closed-End Funds

24:10 - Investment Strategies and Quality Control

28:20 - Managing Risk and Setting Profit Targets

32:38 - Top Tips for New Investors

38:01 - Steve’s Memorable Experience in New Zealand