Oct 21, 2022

Isaac Weinberger is the Regional Sales Manager at Madison SPECS. He is an expert on wealth building and cost segregation. As a kid, he always had an entrepreneurship personality which led him to open up a massive lawn mowing operation. From there, he moved and eventually moved on to manage Marcy’s, a high-end clothing retailer. Many of his friends advised him to enter the real estate space which led him to Madison SPECS. His experience has allowed him the opportunity to meet many amazing people in the real estate space.

In this episode, Isaac discusses how a mindset of patience can lead to frustration in today’s market. He shares his advice on how to build wealth over time through patience and planting seeds. He shares that it is important to pass on work ethic and values to children, as they can be difficult to teach if the parents are rich and want to spoil their children. He recommends that parents invest in their children’s education and give them opportunities, rather than relying on inheritance.

[00:01 - 01:22] Opening Segment

• Isaac explains cost segregation

• How cost segregation can supercharge the tax benefits for multi-family and other recession-resilient asset classes    

[01:23 - 09:34] How To Pass On Wealth For Future Generations

• The importance of creating a work ethic in children and how it can be passed down from parents to their children
• He credits his own success to the hard work he put in during his upbringing, which was difficult due to his family’s wealth
• He discusses wealth building and the importance of passing it on from generation to generation
• He shares tips on how to teach your children about money and how to build wealth

[09:35 - 11:29] Closing Segment

• Isaac encourages listeners to take time to reflect on what they truly desire in life, then think about one thing they can do to push the ball forward  
• Isaac shares where you can get in contact with him (links below)

Quote/s:

“It's very important for you and for me, and for anybody else that has aspirations to do well for people that are already doing well.” – Isaac Weinberger

You can connect with Isaac through his:
Website: Madison SPECS

LinkedIn: Isaac Weinberger

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