Adam Rich Quotes

One of the great responsibilities that I have is to manage my assets wisely, so that they create value.

Once your kids are grown and you know that you're completely healthy, consider canceling your life insurance policy.

People can have a long-term life plan only if they know their private property is secure.

There ought to be no laws to guarantee property against the folly of its possessors.

My firm has 25,000 high-net-worth clients. A typical account would be that of a couple aged 65 and 60 who need their money to last the rest of their lives, 25 to 35 years.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

My family deals with those risks. The best I can do is talk to them about some of those risks. I'm not incredibly specific with them, especially with my kids.

Our nest eggs, no matter how small, are safe.

The problem is, how can we help them get rich and stay rich ourselves?

I’m going to come back to you so you can protect your investment.

I've been fortunate enough to experience financial success on a large scale through both my music career and my many business ventures. With this type of financial success comes financial responsibility.

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

I bought an insurance policy covering the inheritance tax my kids will have to pay when we die, which I thought was a good bit of forward thinking. And I always know I'm going to have enough for tax because I make sure I keep it back in my business account.

The fact remains that most of us are anesthetized to the true cost and true value of long term care insurance.

Do not leave yourself or your family unprotected against financial storms... Build up savings.

I invest in things for the long term and have a long horizon and the flexibility.

I invested, and I protected myself, so I enjoy that freedom.

Once you're retired and are no longer counting on earned income to live on and supplement your nest egg, you're done with disability insurance. At that point, though, the need for long-term care insurance - which protects you from spending that nest egg too fast - takes over.

Maximising my wealth was never my chief thing.

Thank God I have a financial planner who is really conservative.

If you're 35, 45, or even 55 - you have a very long time horizon - 40 years or vastly more. That is you, and/or your spouse, are likely to live about that long, and you'll be investing the whole way.

You may have seen my firm's ads screaming, 'I Hate Annuities.' Folks ask why we run them. Simple: Because I do.

If I was a billionaire, I'd be smart with my money.

I tend to split my activities into fun, income and legacy. The number of things in that finance bucket is pretty few and far between and doesn't consume much time at all.

It is true that a population which is growing older needs to save, but the question is in what form the savings are made.