Money Matters with JR Gondeck
JR Gondeck is the sharpest financial mind I’ve had on this show. He’s a Wealth Advisor & Managing Director at The Lerner Group. Not to mention he’s been featured in Forbes, Barron’s, VP at a big bank and has 4 kiddos!
JR works with families to promote intentional communication and drive collaboration between all generations. In fact, he recently co-authored a book titled, Family Value at Risk, which details the importance of inclusive and intentional communication among family members “to leave a legacy wealthier than money.”
JR leverages his deep knowledge of global financial markets and passion for investing to guide clients through market trends. He’s an advocate of financial literacy and hosts family meetings to connect with the next generation.
In this episode, we discuss JR’s thoughts on Bitcoin — whether he believes in its potential as a long-term currency. He focuses on its limiting factors and compares the cryptocurrency to gold.
JR and I also talk about the importance of knowing one’s Net Worth. He says he’s always surprised by how many people don’t know their Net Worth, which he says is crucial to know, adding, “Detail everything — from 401K accounts, insurance, investments you’ve made, mortgage & interest rates — so that you really know what the bottom line number is.”
