Peace of Mind in Wealth w/Mike DiSalvo
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Episode Description
Welcome to the Freedom Point Podcast! In this episode, Mike DiSalvo, founder of Purpose Path Capital, shares his journey from financial planner to building a firm rooted in behavioral finance and coaching. Mike explains why true wealth goes beyond numbers on a balance sheet and how peace of mind is the ultimate goal for clients. Drawing from his family’s history and personal experiences, he highlights how stress, fear, and financial uncertainty can impact generations—and how planning with intention can change lives. From redefining what it means to be “rich” to exploring diversification, secure income, and even his own family’s farm investment, Mike offers a holistic approach to wealth that blends financial strategy with personal values. This episode challenges listeners to think differently about money, purpose, and the legacy they want to leave behind.
CONNECT WITH MIKE DISALVO!
Website: purposepathcapital.com
Instagram: @purposepathcapital
Facebook: Purpose Path Capital
Email: mike@purposepathcapital.com
Office Phone: 636-333-1017
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Wealth Is About Peace of Mind, Not Just Money
“What we serve is peace of mind. What we sell is peace of mind.”
Mike stresses that most people already have investments, insurance, or wills—but few have a plan that ties it all together. A holistic plan provides the clarity and confidence that money alone can’t.
Tip #2: Redefine What It Means to Be Rich
“My dad’s definition of rich was a roof over his head, a beautiful wife, three happy kids, and a dog wagging its tail.”
True wealth is not measured by account balances but by relationships, presence, and the ability to live fully with loved ones.
Tip #3: Avoid Both Overspending and Over-Saving
“Overspending can leave you broke. Pinching every penny can cost you memories.”
Mike explains that both extremes in retirement—overspending or over-restricting—can lead to poor outcomes. The key is balance, allowing financial security while enjoying life.
Tip #4: Choose Faith Over Fear
“Fear and faith are the same emotion—it’s believing in something you can’t yet see.”
Mike reminds us that we always have a choice in how we view the future. Doing due diligence and working with trusted partners makes it easier to lean into faith.
Tip #5: Diversification Beyond Stocks and Bonds
“Most people don’t know where to start with alternatives like real estate.”
Many investors stick only to traditional assets. Mike encourages exploring additional categories—real estate, CDs, bonds, or private placements—to build a more secure foundation.
Tip #6: Secure Income Is the Missing Piece
“My grandpa had the three-legged stool—social security, pension, and savings. Today, most retirees don’t.”
Without pensions, today’s retirees must build their own “secure income” through creative strategies like real estate, bonds, or annuities.
Tip #7: Advisors Should Complement, Not Compete
“At first glance, Jeremy and I look like competitors. In reality, we complement each other.”
Mike highlights the importance of building a team of professionals who can offer diverse strategies, ensuring clients have a holistic wealth plan.
Tip #8: Real Estate Offers Unique Tax Advantages
“The depreciation piece is a huge opportunity for high-income earners.”
While Mike focuses on planning, he recognizes the unique benefits of real estate—especially depreciation—for offsetting taxable income.
Tip #9: Family Investments Can Be Financial and Emotional Wins
“Our greatest investment is a 100-acre farm in Missouri—it pays for itself and creates unforgettable family memories.”
By investing not only for yield but also for lifestyle, Mike shows how wealth can build both financial returns and legacy experiences.
Tip #10: Build a Legacy Beyond Yourself
“The biggest failure Purpose Path could be is if it ends with me.”
Mike’s mission is to build a firm that transcends his own name and serves families for generations to come.
