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Listen "Flashback Friday Ep 63 - Your W2 income is not inheritable: Leaving corporate to give my children choices"
Episode Synopsis
In today’s Flashback Friday episode of the Share The Wealth Show, Clive Davis will be discussing a common misconception about passing W2 income to your heirs, and his journey of leaving the corporate world to provide his children with more opportunities and choices in life. ✨
After graduating from Columbia Law School, Clive worked for four years as a corporate transactional lawyer in Banking, Real Estate, M&A and Securities with a global
Wall Street law firm, headquartered in NY, NY, with assignments in Menlo Park, CA and Hong Kong, China. Six years In-house counsel experience with a global pharmaceutical company, headquartered in New York. Nine years in Atlanta as a Chief Compliance Officer of a Belgian biopharmaceutical company. Clive holds a Juris Doctorate from the Columbia University School of Law and is admitted to practice in New Jersey, New York, and before the Court of International Trade. He holds a M.A. from SUNY at Albany and a B.A., with high honors, Rutgers University. Throughout the entirety of this twenty-year career, he remained actively invested in real estate with a small portfolio of holdings.
Clive decided 2017 was the time and walked away from corporate life in pursuit of his interests and passion as a full-time real estate investment entrepreneur. Since founding Park Royal Capital in 2017 Clive Davis has personally invested in more than 2,500 multifamily rental units, as well as a portfolio of hotels based in Atlanta where he has resided since 2005. Most recently Park Royal Capital acquired two Atlanta multifamily properties totaling 444 units with a combined value of over $70M.
So, join us as we dive into Clive’s journey and the importance of building wealth and creating opportunities for the next generation!
________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?
Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
Quote:
“If you believe in yourself, failure is not an option.” - Clive Davis
“It doesn't matter how highly compensated you are, you cannot pass on a high W2 income to your heirs. So, you've got to be thinking about, If I am blessed to be highly compensated, what am I doing to convert that high W2 income into appreciating assets that are going to contribute to the creation of generational wealth.” - Clive Davis
“When I talk about generational wealth, I'm talking about impacting my not yet conceived grandchildren. So, I already know my kids are going to be fine, but I'm talking about leaving something that my grandchildren, who may or may not come to know me, they will be fine based upon the foundation that I've set for them.” - Clive Davis
“I wanted them (my kids) to have the privilege to be able to select the thing that they are truly passionate about. I think you should give your children all the privilege that you you're able to and you're blessed to.” - Clive Davis
Connect with Clive!
Website - www.parkroyalcapital.com
Linkedin - https://www.linkedin.com/in/clivedavisesq/
___________________________________________
Let’s get connected!
You can find Nicole on
LinkedIn https://www.linkedin.com/in/nicole-pendergrass/
Instagram https://www.instagram.com/nvestornikki/?hl=en
Facebook https://www.facebook.com/nvestornikki
or Visit her website https://noirvestholdings.com
LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here.
https://podcasts.apple.com/us/podcast/share-the-wealth-show/id1622218163
After graduating from Columbia Law School, Clive worked for four years as a corporate transactional lawyer in Banking, Real Estate, M&A and Securities with a global
Wall Street law firm, headquartered in NY, NY, with assignments in Menlo Park, CA and Hong Kong, China. Six years In-house counsel experience with a global pharmaceutical company, headquartered in New York. Nine years in Atlanta as a Chief Compliance Officer of a Belgian biopharmaceutical company. Clive holds a Juris Doctorate from the Columbia University School of Law and is admitted to practice in New Jersey, New York, and before the Court of International Trade. He holds a M.A. from SUNY at Albany and a B.A., with high honors, Rutgers University. Throughout the entirety of this twenty-year career, he remained actively invested in real estate with a small portfolio of holdings.
Clive decided 2017 was the time and walked away from corporate life in pursuit of his interests and passion as a full-time real estate investment entrepreneur. Since founding Park Royal Capital in 2017 Clive Davis has personally invested in more than 2,500 multifamily rental units, as well as a portfolio of hotels based in Atlanta where he has resided since 2005. Most recently Park Royal Capital acquired two Atlanta multifamily properties totaling 444 units with a combined value of over $70M.
So, join us as we dive into Clive’s journey and the importance of building wealth and creating opportunities for the next generation!
________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?
Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
Quote:
“If you believe in yourself, failure is not an option.” - Clive Davis
“It doesn't matter how highly compensated you are, you cannot pass on a high W2 income to your heirs. So, you've got to be thinking about, If I am blessed to be highly compensated, what am I doing to convert that high W2 income into appreciating assets that are going to contribute to the creation of generational wealth.” - Clive Davis
“When I talk about generational wealth, I'm talking about impacting my not yet conceived grandchildren. So, I already know my kids are going to be fine, but I'm talking about leaving something that my grandchildren, who may or may not come to know me, they will be fine based upon the foundation that I've set for them.” - Clive Davis
“I wanted them (my kids) to have the privilege to be able to select the thing that they are truly passionate about. I think you should give your children all the privilege that you you're able to and you're blessed to.” - Clive Davis
Connect with Clive!
Website - www.parkroyalcapital.com
Linkedin - https://www.linkedin.com/in/clivedavisesq/
___________________________________________
Let’s get connected!
You can find Nicole on
LinkedIn https://www.linkedin.com/in/nicole-pendergrass/
Instagram https://www.instagram.com/nvestornikki/?hl=en
Facebook https://www.facebook.com/nvestornikki
or Visit her website https://noirvestholdings.com
LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show here.
https://podcasts.apple.com/us/podcast/share-the-wealth-show/id1622218163
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