TGCI 163: Personal Finance Tips: Roth vs Traditional IRA, Gifts for Kids, and much more!


Episode 163: Personal Finance Tips: Roth vs Traditional IRA, Gifts for Kids, and much more!

Copy of EP #18 - 2 Guests


In today’s show, Pancham interviews Rocky Lalvani – fractional Chief Profitability Officer at Profit Comes First, and host of Richer Soul Podcast.

Rocky has immigrated to the United States with his parents to live the American dream. Growing up, he tends to overhear his parents’ and their friend’s conversation about finances and generating wealth that made him aspire to be a millionaire and has started educating himself. In this episode, the “Profit Answer Man” will unpack his journey on how he achieved success and make you realize that you can achieve financial independence faster!

Rocky will share everything you need to know as he provides tips and tricks to kickstart your investing journey and the distinct differences between Roth and Traditional IRA. Time is indeed gold and you’ll know why you should make every second count as we’ll dissect the power of compound interest to generate wealth and how to keep it growing so tune in until the end!


Listen and enjoy the show!

Pancham Gupta
Screen Shot 2021-11-02 at 11.27.21 AM
Rocky Lalvani

Tune in to this show and enjoy!

Copy of Quote #00 - 1 Guest

Timestamped Shownotes:

  • 1:12 – Pancham introduces Rocky to the show
  • 2:20 – How compound interest helped in building his wealth
  • 6:24 – Lowering your biggest expense to reduce the gap with your earnings
  • 10:08 – How real estate investing gives you leverage and earn profit
  • 13:34 – Roth IRA vs. Traditional IRA: Which is a better investment?
  • 17:11 – How you can develop your child’s habit of saving
  • 20:47 – Recognizing your money mindset to start accumulating wealth
  • 24:37 – On achieving time freedom as his inspiring and uncomfortable goal
  • 26:34 – Taking the Leap Round
  • 26:34 – His first property investment outside of Wall Street (in his 40s!)
  • 27:32 – How his fear kept him from taking that first step towards investing
  • 28:53 – Why his rental property didn’t work as expected
  • 30:11 – Why beginners should simply start their financial journey
  • 30:59 – How you can connect with Rocky

3 Key Points:

  1. Trust the process of how compounding works to help build your wealth as its results are seen at the last double and not at the start. 
  2. Identify what is your wealth-building skill and use that to maximize your wealth as everyone has a unique ability that they can use to their advantage.
  3. Start saving money as early as today to be able to get the benefits of compounding as you grow older.

Get in Touch:


Welcome to The Gold Collar Investor Podcast with your host, Pancham Gupta. This podcast is dedicated to helping the high paid professionals to break out of the Wall Street investments and create multiple income streams. Here’s your host, Pancham Gupta.

Hi, this is Joe Fairless. If you want to diversify out of Wall Street investments, the listen to The Gold Collar Investor Podcast.


Pancham Gupta  Welcome to The Gold Collar Investor Podcast. This is your host Pancham. Really appreciate you for tuning in today. Let’s get into today’s show. I am excited about the show today as we discuss tips and tricks that can help any high paid professional in their investing journey. We discuss about Roth IRAs versus traditional IRAs, which ones are better, we discuss about how to get your kids to start early with investing specially Roth IRAs, how they can do that. And by the time they are going to college, how the compounding will help them to get ahead when they start working. And you know that account keeps on growing. My guest, Rocky, started when investing when his parents immigrated to United States when he was two years old. And his parents were in their 40s. It was his parents second time starting over in life as they moved here to experience the American dream, in spite of a lot of struggles, and his mom passing away when Rocky was seven, he has been able to achieve financial and life success. Rocky loves to share his journey and inspire others to achieve their dreams even faster. Hey, rocky, welcome to the show.


Rocky  Thank you so much for having me. I’m excited to be here today.


Pancham Gupta  I am so excited too because we are going to dissect the elements of personal finance. I know you; you have a great show and a great blog, and we’ll discuss we’ll get into that before we get started, are you ready to fire up my listeners break out of Wall Street investments?


Rocky  Absolutely. Wall Street is one way to make money, but there are so many other better ways to do it and that get much, much better returns.


Pancham Gupta  Yeah, exactly, exactly. So, tell our listeners about your background, and more importantly, the person behind that background.


Rocky  So, I’m an immigrant to the United States. I came here when I was a little kid, my parents immigrated from India and back then you weren’t allowed to take a lot of hard currency. And so, they started off with very little. And we started off on the wrong side of the tracks. But very quickly, you know, over time, they started to move up the economic ladder, and I saw them and their friends to be able to do that. And one of the things that they would do is they would get together, and they would talk about money amongst themselves. How do we do this? How do we pay for this, you know, and they would openly discuss finances amongst each other, which I grew up with. So, I thought that was normal. And somewhere along the way, I decided, you know, I saw people building wealth. I’m like, I want to be a millionaire. And I figured out a plan to do it and I went and achieved that. But I looked around. I’m like, why aren’t there more millionaires in the United States, we live in a country of so much abundance wires, everyone’s struggling with this. And I learned that most people don’t talk about money. And then I looked at my own education. I have a Bachelor of Science in Economics and an MBA. They never taught me how to build wealth. And so, wealth building is not something that people talk about many times, the subject of money is taboo. Well, if you don’t understand the subject, how are you going to be able to implement in built your own wealth? And so that’s kind of me in a nutshell. And once I built my wealth, then the other question came along, which is now that you have money, what are you doing with the rest of your life? How are you living that ultimate life and what does that mean to you? So often, we just chase the money, we don’t chase life.


Pancham Gupta  So true. So true. I want to dissect and dive deep into that. So, what did you do to kind of get out of the rat race and really pursue financial independence?


Rocky  So, I’ve always been building financial independence from day one. So as soon as I got my first job out of college, I set up automated savings. And so, you know, the standard ones are your 401k. And the company I had had a company stock plan where you could buy stock at a discount. They had a credit union. So that was all coming out before I ever saw the money. And then once the money hit my checking account, my dad had handed me a brokerage account. When I graduated college, there wasn’t much money in it a little bit, but they allowed for automated investing. And so, I will automatically invest money every month into that. And over time, I just kept increasing the percentages that were automatically being saved. And over time that allowed me to build wealth. Even though I made a lot of stupid mistakes on Wall Street, it still allowed me to do it. And you just let the system run if you see the power of compounding, it is a mess. I mean, everybody knows it, but nobody does anything about it. And what I don’t think people realize the power of compounding is not at the beginning, the power of compounding is in your last double. Well, if you don’t start at the beginning, you don’t get the last double. And if you think the last double is 3 million to 6 million, you are delaying starting cost you $3 million.


Pancham Gupta  That’s such an amazing way to look at it when you talk about it in the I talk about compound interest all the time that you know, it is, you know, there’s this Albert Einstein code, which is an amazing code, which is like who it’s like the eighth wonder of the world. He understands it, and sit and who doesn’t pays it, right. So, it is an amazing way. And the way you put it is pretty awesome. It’s the last double, which is so true, because the snowball effect is really in the last double, if you think about it, right? So, this is great. Someone who’s listening, let’s say they are working at Facebook, or Apple or Amazon, right? They’ve done really hard work of getting into these companies have, you know, and then now they’re making good money and good salaries, but they’re still working for the money as opposed to having their money work for them. What advice would you have for someone to start early and early is a subjective term. But yeah, start wherever they are now to build wealth so that the compound interest kicks in, and they get the fruit of that last double.


Rocky  So, I think the biggest problem that people have in working in companies is that they don’t mind the gap. And what I mean by mind the gap is the difference between what comes in and what goes out. So, let’s say you’re working at one of these tech companies, you make $300,000 a year you go, I make $300,000 a year, I can afford all this stuff. But you don’t actually make $300,000 a year, by the time the government takes its cut, you know, maybe you’re down to 200,000. And the problem is most people making 300,000 are spending 305. And they’ve only got 200. And so, the gap to the negative is extremely large. They’re constantly behind. And you say how do they get to this situation; they get into debt. Oh, you know, I work hard, I deserve the fancy car, I work hard, I need this or, or they’re stuck in a high cost of living city, where your cost of living is astronomical. And so even just trying to make ends meet on 300,000 sometimes becomes difficult. And everything costs a fortune. The smart thing for these people to do is figure out how to lower your biggest expenses. So how do you lower your cost of living? How do you lower all of these big expenses you have so that instead of living above your budget, you’re living considerably below your budget. And there are people within your companies that you don’t realize it, but there’s the guy who brings lunch every day that you make fun of who’s actually saving 150 grand a year so that in 10 years, he’s like I’m out of here, have a nice day, I’m gonna go surf and enjoy life because he took the sacrifice up front, allowed the compounding to work, invested his money somewhere else and had success. Now if you’re lucky to get in and on a startup where you’ve got a great, you know, exit plan, awesome. They don’t always work out. But you’ve got to build that gap between what’s coming in and what’s going out. And you need to be aware of it.


Pancham Gupta  So true, right? The lunch example that you gave is it hits home and also that when I was working in corporate, and I was making really high salaries and it’s so true to get out of that mindset. Okay you are making $500,000 But when you go out shopping, you’re thinking that you’re making $500,000 If you want to BMWs and Range Rovers and of the world but thinking that you make $500,000 It’s very hard to train your mind now you’re making 250 Even that if you’re conservative on certain things, right. So, there is literally no leftover and then you know, I see people sending their kids to private school and again, that’s totally fine. But as long as you’re aware of that that the amount of money left over after all the expenses says, including the taxes is very little. And then you’re building your base from that, that is very, very important. So how can people use their capital to get benefit of compounding? 


Rocky  Well, so you have to put capital into play. If you go to Wall Street, it’s a slow game, right, because you have to keep taking excess from your spending. And it’s not, there’s no leverage on it. Whereas the simplest thing I heard from a person that I listened to, and it made so much sense, if you want to be a millionaire, go buy a million dollar piece of real estate, rent it out and pay it off in 15 years. And now you have a million dollar piece of real estate, which after 15 years is probably appreciated. So maybe it’s worth 1.5 million or 2 million or who knows what it is. But somebody else is paying for your wealth building, right? And so real estate is one way to do that real estate allows a lot of leverage. Again, for a young guy working in one of these tech companies, why are you paying a fortune in housing, when maybe you can split it with a couple of roommates? You guys are working long hours, you’re never there anyway. Right? Do have, you know, buy the million dollar property, ran out two bedrooms, right, let your two roommates pay your mortgage, now you’re living for free, you’ve gotten rid of one of your biggest expenses, you’re in control. And over time rents go up. So, you know, becomes more reasonable. Now, if you’re married, that’s not going to work. But maybe you can buy a duplex, right? You take care of the place next door, or you figure something out, or you just go buy a rental property somewhere else, it requires low down payments, and it allows you to build wealth, you’ve got to figure out what is your wealth, building skill, and then figure out how to use that to maximize your wealth building. And for everybody, it’s different. So don’t follow somebody else’s path. Figure out yours.


Pancham Gupta  Got it yet. So real estate is definitely we talk about that all the time. I personally, myself do real estate as investor. So, the point that you made on that there are so many different avenues, you just need to find that niche that you can leverage your capital and build wealth in in case of real estate, I think it becomes very easy, relatively speaking from compared to other asset classes, because you’re the leverage you can get is very widely available. You can go to a bank and get 75% loan to value and for a million dollar house that the example that you gave 250, you have to put down right in that case. And that is not $1 million, as compared to buying a million dollar and stocks. And the house hack example that you gave if someone were to, that really hit home with me, because if someone asked me today, like what is one thing that you would change, if you were to restart everything, I would say the house hack the day one, like you know, I spent so much money in rent in these fancy buildings. I live around New York City, where pretty much for first seven, eight years, I was paying rent for these amazing luxurious buildings, which I could have easily bought a duplex or even a house where I could have not even paid anything and used all that money to compound. And that’s one thing I say to everyone and anyone listening. If they can do this today, I would highly, highly recommend them. So, moving on Rocky, that key, I looked at your blog post. It’s amazing. And you have a great podcast. I haven’t listened to the episode. But I was just looking at the titles. It’s really felt like you know, you’re talking about a lot of things that we talk about here, Richer Soul is your podcast. So, I saw a couple of titles on your blog, like Roth IRA versus traditional IRA. Like which one would you recommend, someone listening, which one would you recommend and why?


Rocky  So, if you can get into a Roth IRA, it is by far the best investment because even though you’re paying taxes today, you will never pay taxes, again. The problem is for most of your listeners, if they’re high income, it’s very difficult to get into a Roth, because there’s no way to do it, because you’re over the income limits. But what you can actually do is the mega backdoor Roth. So, depending on the company that you work for, you’re allowed up to 18 and a half thousand, I believe, into your traditional 401k plan. But many companies will allow you to put after tax money in and they have much, much higher limits. If they allow in service withdrawals, what you do is you put in extra above the 18/5 after tax, and every year you take an in service withdrawal, and you roll it into a Roth IRA. Now not everyone is eligible but if you are, it is a massive way to put money aside into a Roth IRA. And then you allow your Roth IRA to compound, if you use your author, Roth IRA, self-directed, you can do real estate loans, you can do a whole bunch of other things. It gets, you know, very complicated, but not very hard in, you’ve just got to figure out what works for you, what plans are available to you. And how do you do that? I think there’s a lot going on in the news right now is it Peter Thiel, who’s got like, some ungodly amount of money in his Roth IRA,


Pancham Gupta  Yeah, 5 billion, which he doesn’t have to pay any taxes on, I think he invested in one of the startups or something,


Rocky  He did invest in one of his startup. So, you know, the power of compounding, and tax free growth is massive. But if you can’t do the Roth IRA, at least do the regular IRA does allow you to save money. And then what you do is if you’re taking an early retirement, you can ladder out of the regular IRA into your Roth IRA in your 40s or 50s. And again, it’s another strategy. But that comes back to what we said before, who are you? What do you want? What strategy works for you in your life? Got it.


Pancham Gupta  So, you, you mentioned something about in-service withdrawal, I’m sure like anyone listening, definitely check with your CPA about the things we’re discussing here. But so that’s just a disclaimer, Rocky, but just tell us more about that in-service withdrawal. So, if you have a traditional IRA, right,


Rocky  401k, this is for people with a 401k. 


Pancham Gupta  Right. So how much you can withdraw?


Rocky  It depends on your company maximums, but a lot like the IRS maximums are in the $50,000 range. So, you can shelter if your company allows it. And all you do is if you want to see if you can do this, just call your corporate, whatever your 401k department is and ask the simple question, can I do an in service withdrawal? Yes or no. And if you can do an in service withdrawal, then this applies to you. And then call the company that you want to do it, then make sure you do it right. So, you don’t get stuck with taxes.


Pancham Gupta  Got it. Cool. So let me ask you a different question. Which I again, read on your blog. Was that how do you, you know, you mentioned about giving 200,000 as gifts on Christmas or Thanksgiving to your kids, right? And we have both of these upcoming year? Like, tell us more about that? And what do you how do you use this to really build accelerated accounts for your kids. 


Rocky  So basically, what it comes down to we learned, you know, within a couple years of having kids, you’re wasting money at Christmas, you’re buying all this crap that nobody plays with, right? The kids play with the box more than they play with what’s in the box. So, get out of this whole societal thing of buy, buy, buy, it’s all junk, right? Take the money instead. And if your kids have earned income, you can open up a Roth IRA for them. So, whatever their income is, you can give them money to put in their Roth IRA up to the limit and forget it 5500 or 6500. The power of this though, is if your kids are 13,14 years old, or if you can get them earned income at a younger age, you’re adding probably an extra two doubles to their compounding, because of time of how early they’re starting. And so that’s how a couple $1,000 When they go to retire, turns into $100,000 Over time, and I talk to my kids about this so that they learn delayed gratification. They learn that, hey, if I spend $1, today, I’m giving up a massive amount of future dollars. So, my kids have learned to curb their spending. And because of that they’re able to save and fully fund their retirement accounts at much younger ages. And it’s a habit that they built. So, because they’re funding everything so early, they don’t have to worry about funding it later. They get to enjoy the fruits and they’re compounding just takes off.


Pancham Gupta  Yeah, great point. So, you can only do this with earned income. What about you giving them a gift, I know there’s a $12,000 limit on tax free gift that you can give.


Rocky  So, it’s kind of a combination of the so the kid has to earn the income. So, let’s say your kid goes out and most lawns and he makes $2,000 this summer. Well clearly he’s not gonna want to put that in the Roth IRA, he’s gonna want to spend this $2,000 But if you give him 2000 He can take the gift of the 2000 and put it in the Roth IRA, but you do have to have earned income.


Pancham Gupta  Got it? In this case, a good example he will have $4,000 2000 he will spend but 2000, you can put in the


Rocky  right, because he can spend his earnings and you reward him for getting a job earning a buck and show him the power of compounding over time. Now younger kids can earn income. If you own your own business, it’s much easier to get your kids on payroll, if you can figure out a way to get your kids paid, then you have the ability to do this at five years old. Right? So, some business owners, they’re like, hey, I need to take pictures with my kids. You know, we need to show we’re a family business. So, you pay them a modeling fee. And that’s acceptable, right? In, that’s how they do it. There’s a variety of ways you have to get creative.


Pancham Gupta  Got it. Got it such a great advice there. Great. So, there are a lot of listeners listening right now. And, you know, mindset is one thing that I talk about a lot on the show that you really have to have the right mindset, and someone who’s listening, and they are really on the fence of to invest in alternative investments and just talk about, they only think about Wall Street, because that’s how they, you know, if that’s what they’ve seen as growing up, what kind of things they can do, or from the mindset perspective, to get in the right mindset to take action.


Rocky  So, I think the first thing you have to do is ask yourself, you know, what is your money mindset, most of us created our money mindsets, when we were kids, sometime between the ages of maybe six or seven and 13, you grew up hearing stories about money, right? We started with that with me, I grew up learning that you talk about money. And that that’s just normal conversation. If you’re afraid to talk about money, if you’re told that rich people are evil, or a bad thing, you’re never going to get rich, because you don’t want to be evil or bad. You know, if you’re told money is hard to make, well, then you’re gonna say, oh, I have to work hard for money. If you’re told money is easy, then you will find easy ways to make money. So, I think the first thing is examining what are your money stories. And if you talk to your friends, if you pay attention, you’ll hear money stories, when people talk, if you listen to the underlying words they’re using, you’ll see how they look at and how they value money. The other thing is just look at where your spending goes, I can look at your spending and see what you value and where your money flows. And it will tell me a lot about you. So, I think it’s getting comfortable. The other thing is knowledge, like when we don’t understand something, it becomes difficult to do it. So, take the time to learn. Most of these things, while seeming complicated, are not that complicated. But you have to understand what you’re doing. And I think you also have to understand the difference between investing and speculating. And understand what you’re doing and be comfortable with, hey, I’m doing this, but it’s a speculation. Okay. You knew that it was speculation, that’s fine, and then find anomalies in the marketplace. There’s always anomalies in the marketplace, people see something that everyone else doesn’t see. And that’s a personal skill. So, if that’s your skill, find anomalies. Maybe it’s angel investing, right? If you’re in the tech field, and you know, good tech, then you’ve got an advantage to invest Angely in those types of companies. Because you know, the inside story, maybe a buddy works there. Maybe you understand the tech, figure out what those skills are and start to do it appropriately. And start small and learn and make mistakes, you’re going to make mistakes. Yeah, that’s just like, you might lose a little bit of money. Okay. Most of the hedge fund or the private equity guys, they realize if they make 10 bets, right out of 10 bets, they expect five of them to fail. Three or four to breakeven and one to be a gigantic homerun. So, their mindset is I’m looking for a one to 10 bet. Most people would be freaking out losing nine out of 10. These guys are thrilled, right? So, it’s a change in the way you look at things and how things come together.


Pancham Gupta  Great advice there, Rocky. Okay, so my last question for you, a different question before we move on to the next part of the show. So, my question for you is, what is one goal that you’re most inspired by now and uncomfortable at the same time that you’re working towards?


Rocky  I don’t know that I’m uncomfortable. My goal right now is time freedom, complete time freedom. But that doesn’t mean I don’t want to do anything. I want the ability to say yes and no to everything that I do. So, it’s building up the financial wealth and I’m pretty much there to be able to do what I want, how I want what I want, and to live on my terms in life, not to have to do something because somebody else’s I have to do it. So that’s my big goal. I’m pretty much there. Couple of little, small tweaks, and we’ll get there totally, but it’s not scary anymore. Scary back when we first started the journey. Now it’s like, you know, you’re climbing the summit, take a look around and enjoy the view.


Pancham Gupta  Awesome, that’s a great way to put it. So, we’ll be back after this message…Have you ever wondered why the rich keep getting richer? What is the secret that they know but you do not? What if I told you that wealthy people make their money work for them in two different places. Yes, the same dollars invested into different places and working hard for them while they sleep. They utilize these special accounts that have been in existence for more than 100 years. Do you want to learn more about these accounts, then you are in the right place. Listen to the episode number five by going to thegoldcollarinvestor show. I repeat thegoldcollarinvestor banking show or visit… So Rocky, welcome back. So, we’ll move on to the next section of the show. It should be called taking the leap round, I asked you for questions to every guest on my show. My first question for you is when was the first time you invested outside of Wall Street?


Rocky  So that’s a somewhat difficult, it’s not a difficult question. I understood real estate as a kid. And I actually had a realtors license when I was in college. But I didn’t buy my first investment property until my 40s. I really struggled with taking that first step. Now the reason I say it was a difficult question is because when I was in high school, I would go buy stuff in New York City wholesale. That’s kind of an investment, I come back and sell it to my friends for double. So that was kind of a short term investment of arbitrage of can you find something that people want, for a fraction of what it is you make those small investments, and you get 100% Return inside of a week, life is good. But the real estate was probably my first big one out of outside of Wall Street. I did a lot of stuff in paper assets.


Pancham Gupta  Got it. Cool. So, did you have any fears that you had to overcome when you first invested maybe talk about that first investment property that you bought at the age of 40?


Rocky  Yeah, it is because fear kept me like I should have bought that investment property at 25 or 27 and I didn’t. Now, that said, you have to realize back then there was no Internet, there was no information. So, it was a lot harder to figure these things out. And it’s a lot of fear, you’re taking on risk, how am I going to afford that monthly payment if they don’t pay rent? What am I going to do? And I think I made the risk bigger in my mind than it really was. And so that’s what prevented me from getting started. But then the moment I got started, it kind of took off. After we bought one rental, we bought a second rental, we started flipping houses like once I got comfortable within a short period of time, it was a no brainer going forward, I had all the knowledge, I was just afraid to pull the switch for the first one. But once I did, it became so easy. That’s like everything in life, the first times the hardest. The second time, it becomes easier. And even if you make a mistake, it’s okay. And today, there’s so much free information about how to get involved in real estate or any other asset class than there’s ever been. So, it’s no longer a mystery.


Pancham Gupta  Right. Cool. So, my third question for you is, can you share with us one investment that did not go as expected.


Rocky  So, I did have one rental property where the tenant destroyed the place. High end property did not go as expected, right. That said, we were able to recover, and we were able to rebuild it for better. And at that point, I you know, I weighed the options, it was actually a smarter decision at that point to sell the property because of the added value we were able to put into the property. And so, I still walked away making money even though the tenant did the damage that they did and didn’t pay rent for a while because I had reserves I was able to get through it. I will say I think on the Wall Street side, everyone says buy low sell high. But the mindset and the reality of what it shows is everyone buys highs and sells low. And I made that mistake many times myself. You have to control your emotions.


Pancham Gupta  Yeah and you know, March 2020 hit, there was only one way down, there was a nosedive in the market and, of course, there was fear all over, right. Alright, my last question for you Rocky is what is one piece of advice would you give to someone who’s thinking of investing in Main Street that is outside of Wall Street?


Rocky  Start? Here’s the bottom line, you don’t compound if you don’t start. Right, and we talked about the power of that last double, like had I started real estate earlier, I would have had another hole many millions of dollars in real estate that would have been paid off by now. But I waited till my 40. So, I I’ve got to wait for it to pay off. And that takes time. So just start, you’ll make a mistake, okay. That’s life except it. But if you don’t start, you’re never ever going to get the compounding going.


Pancham Gupta  Okay, great advice there. Rocky. Thank you for sharing that. So how can listeners reach out to you if they want to connect with you? I know you have a podcast as well. Just tell us about that.


Rocky  Yeah, so the podcast is called Richer Soul and what we talk about on the podcast, we do talk a little bit about money, but it’s more. So, once you’ve gotten your money, then what, right because life is about more than just money. So, are you building your ultimate life? Do you have clarity in what you want? What’s your health look like? What are your relationships look like? What’s your connection to this universe? And that is a lot of what we talk about on the podcast, in addition to how do you build financial freedom and what are the different ways to do that? What are the lessons learned along the way? And so, if you go there, you can find me and there’s contact info there to email me if you want to reach out.


Pancham Gupta  That’s great. So, what’s the name of the podcast?


Rocky  Richer Soul? Yeah, R I C H E R and then soul, like your soul, S O U L.


Pancham Gupta  Thank you so much Rocky for your time here today.


Rocky  Thank you for having me. It’s been a blast.


Pancham Gupta  

I hope you learned something from Rocky and you will use some of the texts and trips that are tips that he mentioned on the show. I’m going to look into starting the IRAs for my kids. Actually, I’m not done that. Thank you for listening. I appreciate you. If you have questions, email them to me at That’s P as in Paul This has been Pancham, signing off. Until next time, take care.

Thank you for listening to The Gold Collar Investor Podcast. If you love what you’ve heard and you want more of Pancham Gupta, visit us at www.thegoldcollar and follow us on Facebook @thegoldcollarinvestor. The information on this podcast are opinions. As always, please consult your own financial team before investing.


Copy of EP #18 - 2 Guests

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