Inside the Minds of Multi-Millionaires: Wealth, Legacy, and Risk in 2025 with Tad Fallows

In this episode of Breakaway Wealth, Jim speaks with Tad Fallows, entrepreneur and founder of Long Angle, a private community for individuals with $2.2M+ in investable assets. They discuss how wealth creators think about investing, raising children without entitlement, and maintaining purpose after a business exit.

3 Key Takeaways:
1. Portfolio strategy beyond Wall Street: High-net-worth individuals are moving away from traditional 60/40 portfolios, favoring private equity, real assets, and niche alternative investments for uncorrelated, equity-like returns.
2. Post-exit risk mindset: Many entrepreneurs opt for higher-return, illiquid investments rather than de-risking, based on the belief that volatility is manageable when wealth exceeds basic needs.
3. Raising children with financial independence: The most consistent concern among members of Fallows' community is how to instill grit and self-sufficiency in children growing up with financial abundance.
If you're serious about breaking away from conventional thinking and building lasting wealth, this conversation offers a clear window into how high-level entrepreneurs manage their capital, family, and future.

Chapters:
00:00 Introduction to Millionaire Mindset
02:49 Building a Community for Financial Success
05:42 Navigating Wealth and Parenting Challenges
08:31 The Impact of Adversity on Personal Growth
11:26 Understanding Financial Independence
14:26 Investment Strategies for the Wealthy
17:27 The Role of Health and Longevity in Wealth
20:09 Alternative Investments and Portfolio Management
22:52 The Importance of Relationships and Community
26:06 Advice for Aspiring Millionaires
28:47 Conclusion and Key Takeaways

Connect with Tad Fallows:
Long Angle: https://www.longangle.com/
Tad's LinkedIn: https://www.linkedin.com/in/fallows/
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