Public educator, entrepreneur, and CEO of the financial technology company of iFlip Investor, Randy Tate combines Silicon Valley style with his partner and CTO Kelly Korshak’s Wall Street savvy, creating a software to help the ordinary investor preserve, protect and grow their wealth.
What you’ll learn about in this episode:
- What Randy and his team at iFlip have been working on since Randy’s previous appearance on Onward Nation in episode 658
- Why iFlip is on track for 1000% growth this year, and how they have been developing a stock trading app that will be free to the end user
- Why diversification isn’t actually the secret to mitigating investment risk, and why the true secret is to avoid losses
- Why losses and fees compound dangerously and why that fact is aggravated by a lack of industry transparency
- Why Randy believes that every business owner must financially plan for life after their business
- How iFlip’s software anticipated the Q4 2018 market dip and had already moved 87% of the money the software manages into cash before the dip
- Why Randy defines “success” as the ability to continually create new possibilities for yourself
- How Randy has overcome fear in his own career, and why acknowledging your fear is the key to beating it
- Why efficiency is the key to iFlip’s software, as well as the key to its continued business success
- Why Randy suggests you automate everything you can as early as you can so that you can more effectively scale
Additional resources: