What No One Tells You About Wealth Management

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.6 • 1.9K Ratings

🗓️ 25 April 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, I sit down with global entrepreneur and wealth strategist Jeremy Wong, who shares how a career-ending gymnastics injury at 18 set him on a path to building more than 20 companies and redefining what legacy means. We talk about the gap between good actors and good practices in wealth management, the value of asking uncomfortable questions, and how his DSL system helps people leverage gold to unlock long-term financial potential. Jeremy also explains why understanding timing and risk tolerance is more important than chasing returns, and how the right mindset can turn major setbacks into lasting success.

Transcript

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0:00.0	Welcome to the Playbook. I'm David Meltzer. I'm here at the greatest stadium ever built with the biggest waiting room in the history of all waiting rooms. That's 66,000 people, $5.5 billion and growing as far as the expenses go. And there's no better house to host somebody like Jeremy Wong. He's a global entrepreneur tech consultant, CEO of J.W. Private
0:22.9	Wealth. Welcome to the Playbook. Thank you very much. All right. I'm going to start with the obvious.
0:28.7	Everybody's in the wealth management game. There's false gurus, 19-year-old wealth
0:34.1	coaches, which is really a courageous human being.
0:42.3	I don't care how wealthy you are at 19. I'm not using you as a coach.
0:46.3	I've been there.
0:49.3	Maybe what not to do, right?
0:51.3	Yeah.
0:52.3	In the realm of the marketing of wealth advisors,
0:59.0	wealth coaches, wealth managers, financial service people,
1:04.4	they all throw the same bullshit at you.
1:06.9	And no offense.
1:09.2	Look, you know, too many people have been taking advantage of.
1:13.0	How about all those athletes out there?
1:15.8	The 75, look, I ran the fucking agency.
1:19.1	I went bankrupt myself.
1:21.1	And it's not because of the wealth advisors anymore.
1:25.3	75% of athletes go bankrupt because they make an extraordinary amount of money at a young age
1:30.5	and they don't have the capability of asking the right people for the right questions.
1:37.6	It's not that there's these dishonest wealth advisors.
1:40.9	Look, if you're not a fiduciary, most of the wealth advisors out there are salespeople.
1:46.8	They're salespeople. They're selling products that they know nothing about. I was on the phone with
	...

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