Grandma's Wealth Wisdom

Are you following retirement advice designed for employees when you're an entrepreneur?   Most business owners feel trapped between two impossible choices: lock away money for retirement or keep capital available for business opportunities. But what if this dilemma is based on a false assumption?   In this episode, we explore why traditional retirement planning can actually sabotage business owners in their prime earning years, and reveal a strategy that lets you build wealth for the future while maintaining the flexibility to grow your business today.   Key Quote: "The biggest risk isn't breaking the rules. It's following the wrong rules."   What You'll Discover: Why maxing out retirement accounts can leave you asset-rich but opportunity-poor The real story behind Zack's $450,000 missed opportunity (and how it could have been avoided) How Maya turned a client crisis into a competitive advantage using accessible capital The tax trap that catches many business owners in retirement A financial strategy that works WITH your business instead of against it   Perfect for: Business owners who feel torn between securing their financial future and maintaining the flexibility to seize opportunities in their business.   Listen now to discover how retirement planning for entrepreneurs should actually work in the real world.   Ready to evaluate your current retirement strategy? Check out this week's Wealthy Wednesday for the Business Owner's Retirement Readiness Checklist [add link] mentioned in the episode.   Interested in our Freedom Retreat? Text Freedom to 513-447-6501 to start the application process.   00:00 Introduction: The Dilemma of Business Growth vs. Future Security 00:48 Welcome to Wealth Wisdom Financial Podcast 01:32 Zach's Story: A Missed Opportunity 03:12 The Flaws of Traditional Retirement Planning for Entrepreneurs 05:58 Introducing the Bank on Yourself Strategy 06:20 Maya's Story: Flexibility in Crisis 11:55 Elijah's Story: Seizing Opportunities 13:44 The Mindset Shift for Business Owners 19:47 Special Announcement: Freedom Retreat 21:09 Conclusion and Final Thoughts   Watch on YouTube: https://youtu.be/dTqnmefHNzw 

**Is your seven-figure business becoming a gilded cage?** In this eye-opening episode, we tackle the rarely discussed reality that many million-dollar business owners are working harder than ever while taking home less than they deserve. We share the powerful story of Sam, whose $1.8 million software company had become a prison of 70-hour workweeks and shrinking profits, and how he transformed it using the Profitability Pyramid framework. Discover the three critical shifts that can transform a "successful on paper" business into one that actually creates freedom and wealth: 1. Service Portfolio Optimization: Eliminating offerings that create complexity without profit 2. Team Realignment: Restructuring around "Value Streams" that reduce owner dependency 3. Owner Economy Restructuring: Ensuring the business serves your financial goals first Key Quote: "The reality is that complexity is rarely a strategic advantage. More often, it's the accumulated result of tactical decisions made without a cohesive framework." Listen now to learn how entrepreneurs like Sam are doubling their profits while cutting their work hours in half, and why strategic simplification creates more value than unfocused expansion. Plus, get our bonus "Profitability Pyramid Blueprint" by joining the Wealth Wisdom Financial Community as a Premium Member. www.wealthwisdomfp.com/community     00:00 Introduction: The Seven-Figure Struggle 00:49 Welcome to Wealth Wisdom Financial Podcast 01:28 Theme of the Month: Growth and Scaling 01:47 The Seven-Figure Struggle: Sam's Story 04:24 The Profitability Pyramid: Service Portfolio Optimization 07:12 The Profitability Pyramid: Team Realignment 09:48 The Profitability Pyramid: Owner Economy Restructuring 15:10 Case Studies: Overcoming Common Objections 21:36 Conclusion: Transforming Your Business 25:10 Join the Wealth Wisdom Financial Community 26:26 Closing Remarks and Disclaimer   Watch on Youtube: https://youtu.be/ufleOptUfaw 

**Is your business growth coming at the expense of your health and happiness?**  In this revealing episode, we explore how entrepreneurs can scale their businesses without sacrificing their well-being. We share the powerful story of Tom, who reached his revenue goals but ended up in the hospital from exhaustion, and Eliza, who transformed her marketing agency by fundamentally changing how she approached growth and energy management. Discover the three critical shifts that can transform a draining business into an energizing one: Strategic Elimination: Identifying what doesn't need to be done at all Aligned Delegation: Focusing on your unique value rather than doing everything Rhythmic Renewal: Working in harmony with your natural energy cycles Key Quote: "Your physical energy, mental clarity, and emotional balance are the foundation upon which your business grows." Listen now to learn how entrepreneurs are doubling their revenue while cutting their work hours in half, and why sustainable energy isn't a luxury—it's a prerequisite for sustainable growth. Plus, get our bonus "The Sustainable Scaling Blueprint" by joining the Wealth Wisdom Financial Community as a Premium Member. www.wealthwisdomfp.com/community 00:00 Introduction: Balancing Business Growth and Wellbeing 00:49 Welcome to Wealth Wisdom Financial Podcast 01:27 The Theme of the Month: Growth and Scaling 01:58 The Cost of Unsustainable Growth: Tom's Story 03:08 Brandon's Personal Experience with Burnout 04:57 The Connection Between Business Success and Wellbeing 05:31 Eliza's Journey to Sustainable Scaling 06:31 The Hustle Trap and Sustainable Scaling 09:28 Eliza's Three Major Shifts for Sustainable Growth 14:14 Addressing Common Misconceptions About Scaling 19:48 Conclusion: Building a Business That Enhances Your Life 22:36 Join the Wealth Wisdom Financial Community 23:54 Closing Remarks and Next Episode Teaser   Watch on YouTube: https://youtu.be/3Ab0pM7_mlQ 

Are you stuck in a business plateau despite working harder than ever? This episode reveals why proper financial systems are the missing key to unlocking sustainable growth and higher profitability.   We share real stories of entrepreneurs like Rachel and Marcus who transformed their struggling businesses by implementing three critical financial frameworks. From Rachel's home improvement company drowning in spreadsheets to Marcus's consulting firm trapped on a revenue treadmill, discover how these business owners broke free.   Learn the practical systems that can transform your business finances: True Project Profitability tracking to identify which clients and services actually drive your bottom line Profit First implementation that ensures you build wealth, not just generate revenue Financial dashboards that translate accounting data into actionable business insights   Key Quote: “Your business isn't broken. Your financial systems are.”   Listen now to discover how implementing the right financial frameworks can help you make smarter decisions, increase profitability, and finally get off the revenue treadmill.   Plus, get our bonus “Financial Systems Diagnostic Tool” by joining the Wealth Wisdom Financial Community as a Premium Member. www.wealthwisdomfp.com/community   00:00 Introduction: Transform Your Business with Financial Systems 00:46 Welcome to Wealth Wisdom Financial Podcast 01:24 This Month's Theme: Growing and Scaling 02:01 The Importance of Tracking Profit 02:29 Rachel's Story: Revenue vs. Profit 05:15 Marcus's Story: Financial System Deficit 07:19 Implementing True Project Profitability Tracking 11:23 The Profit First System 18:21 Overcoming Common Financial Misconceptions 22:10 Conclusion: Building Financial Systems for Growth   Watch on YouTube: https://youtu.be/Kki_swKvs-A 

Are you stuck in a business plateau despite working harder than ever? This episode reveals the three critical mindset shifts that successful entrepreneurs make before their revenue and profitability soar. We share the stories of real business owners who transformed their companies by changing how they think, not just what they do. From Maria's design agency trapped in overwork to James's marketing consultancy stuck on a profit plateau, discover how these entrepreneurs broke through their mental barriers. Learn why the roadblock to your next level of success might not be in your strategy or market. Your breakthrough is likely in your mindset. We explore how to shift: From income thinking to asset thinking From revenue obsession to profit prioritization From operator to owner Key Quote: "The hamster wheel will never lead to the next level unless you step off it and change your approach." Listen now to discover how small shifts in your thinking can create dramatic improvements in both business performance and quality of life. Plus, get our bonus The Million-Dollar Diagnostic at wealthwisdomfp.com/community   00:00 Introduction: Overcoming Business Growth Barriers 00:58 Welcome to Wealth Wisdom Financial Podcast 01:36 This Month's Theme: Growing and Scaling 02:44 Maria's Story: The Exhausted Entrepreneur 05:17 James' Journey: From Income Thinking to Asset Thinking 08:43 Sophia's Shift: From Revenue Obsession to Profit Prioritization 12:24 Daniel's Transformation: From Operator to Owner 16:44 Rachel's Realization: Stepping Off the Hamster Wheel 18:49 Conclusion: Scaling Your Thinking to Scale Your Business 23:09 Join the Wealth Wisdom Financial Community   Watch On YouTube: https://youtu.be/F2vg_AkJtyA 

Are you throwing money away each month and working extra hours just to pay interest? The average American pays $8,000 per year in interest alone. That's $667 every month! But the real cost isn't just the dollars—it's the extra hours you work to pay those bills. In this eye-opening episode, we expose five dangerous debt myths that could be forcing you to work harder than necessary: Why making minimum payments on credit cards could keep you in debt for 22+ years The hidden trap in Parent PLUS loans that could delay your retirement When NOT touching your home equity is actually costing you money The surprising truth about reverse mortgages (they're not always bad!) Why "all debt is bad" thinking might be limiting your wealth-building potential Key Quote: "I realized I was working for my debt instead of having my debt work for me. Once I understood the difference between productive and destructive debt, everything changed." Whether you're carrying credit card balances, considering college funding options, or wondering about your mortgage, this episode will help you identify which debts are holding you back and which might actually help you build wealth—allowing you to work less while achieving better financial outcomes. Ready to rethink your relationship with debt? Connect with us for a complimentary debt strategy session at wealthwisdomfp.com/call   01:24 Meet the Team 02:41 The Cost of Debt in America 07:32 Debt Myth #1: Credit Card Minimum Payments 14:58 Debt Myth #2: Parent Plus Loans 25:59 Debt Myth #3: Mortgage Rates and Home Equity 29:48 Exploring Home Equity Loans 30:08 Comparing Interest Rates and Savings 30:56 Understanding Home Equity Loan Payments 32:41 The Concept of Home Equity Loans 36:31 Reverse Mortgages: Pros and Cons 45:12 Evaluating 401k Loans 48:36 Good Debt vs. Bad Debt 53:12 Bank on Yourself Policy Loans 55:17 Wrapping Up and Final Thoughts   Watch on YouTube here: https://youtu.be/owG5LW26xlo 

Is your business taking over your life? Meet Sophia. She runs a bakery. She almost quit because work consumed all her time. Now she takes six weeks of vacation every year. Her bakery makes more money than before. She spends quality time with her family. Learn five simple ways to blend work and life better: Link your business to what matters most to you Be more than just a business owner Work when your energy is highest Set clear rules for using technology Build personal wealth through your business We tackle common worries. "My clients need instant replies." "My business needs me all the time." Real business owners share how they solved these problems. Key Quote: "Work-life integration creates a system where your business and personal life support each other, not compete." Do you think about work during family time? Can't remember your last real vacation? This episode is for you. We share practical tips to make your business improve your life. Get our "Integration Blueprint" in the Wealth Wisdom Financial Community: wealthwisdomfp.com/community 00:00 Introduction to Sophia's Story 00:52 Welcome to Wealth Wisdom Financial Podcast 01:32 The Concept of Work-Life Integration 02:26 Mindset Shift: From Balance to Integration 06:39 Core Practices for Work-Life Integration 07:04 Purpose Alignment 07:41 Identity Expansion 09:12 Energy Management 10:57 Technology Boundaries 12:57 Financial Integration 15:27 Addressing Common Objections 21:51 Conclusion and Call to Action   Watch on YouTube: https://youtu.be/BtfKGk_UdHg 

Are you working harder than ever but feeling stuck at the same income level? The number one problem holding back most entrepreneurs is the inability to delegate effectively. In this episode, you will meet James, a web designer who collapsed from exhaustion after working 80-hour weeks. Why? Because "nobody could do it as well as he could." One year later, his team handles 90% of client work while he works just 30 hours weekly—and profits are up 40%. Discover the Time-Money Matrix framework that will transform how you think about delegation: How to identify which tasks you must keep and which you should delegate first Why the "it's faster to do it myself" mindset is actually costing you thousands The surprising reason many "delegation disasters" happen (and how to prevent them) Why delegating high-value tasks is BETTER for your business than doing them yourself We also address common objections from control-freak entrepreneurs. Have you ever thought, "My clients only want to work with me" or "I've tried delegating before, and it was a disaster"? We have, too! Learn how we got over it. Key Quote: "Your highest value as a business owner isn't in doing every task. It's your strategic vision, relationship building, and ability to see opportunities others miss. These are the true areas where you're irreplaceable." Welcome solopreneurs considering your first hire. Bienvenidos, established business owner struggling to step away from day-to-day operations. This episode provides a practical roadmap for breaking free from being the bottleneck in your own business. Get our complete "Delegation Starter Kit" in the Wealth Wisdom Financial Community today: wealthwisdomfp.com/community 00:00 Are You the Bottleneck in Your Business? 00:05 Meet James: A Case Study in Delegation 01:19 Welcome to Wealth Wisdom Financial Podcast 01:57 The Delegation Dilemma 04:15 Introducing the Time Money Matrix 05:39 Delegation Quadrants Explained 09:07 The Control Freak Zone 10:32 Financial Planning: What Not to Delegate 13:01 Real-Life Delegation Success Stories 19:37 The Life Time Money Matrix 24:37 Final Thoughts on Delegation and Financial Freedom   Watch On YouTube Here: https://youtu.be/8YAVMKaWcy0 

Are you slowly killing your business by failing to set boundaries? In this essential episode, we reveal why the real cause of many business failures isn't competition or the economy – it's boundary issues that lead to financial depletion and burnout. Discover the four critical boundaries every successful business needs: Time boundaries that protect your most valuable resource Service boundaries that create focus and expertise Financial boundaries that ensure sustainable profitability Communication boundaries that allow for proactive growth rather than reactive firefighting We also tackle common objections from entrepreneurs who fear setting boundaries will cost them clients or opportunities, with real-world examples showing how proper boundaries actually attract better clients willing to pay premium rates. Key Quote: "Boundary-setting isn't about building walls. It's about creating systems that allow your business to serve others without depleting its most valuable resource: you." Whether you're struggling with clients who don't respect your time, difficulty maintaining work-life separation, or challenges charging what you're worth, this episode provides practical strategies for establishing boundaries that protect both your well-being and your bottom line. Get our complete "Business Boundary Blueprint" in the Wealth Wisdom Financial Community today: wealthwisdomfp.com/community 00:00 The Hidden Threat to Small Businesses 01:09 Welcome to Wealth Wisdom Financial Podcast 01:47 The Importance of Setting Boundaries 03:20 Statistics on Business Failures 05:54 Types of Boundaries for Business Success 14:30 Overcoming the Fear of Setting Boundaries 19:35 Conclusion and Final Thoughts   Watch on YouTube: https://youtu.be/twO_IOMVViI 

Are you trapped in the cycle of working more hours but seeing less profit?   In this eye-opening episode, we explore the transformative journey of Lisa, a marketing consultant who went from working 70+ hour weeks and missing her daughter's birthday to running a thriving business on just four days a week while doubling her income.   Discover the three-part strategy that changed everything for Lisa: How implementing Profit First (even at just 1% initially) transformed her relationship with money Why establishing a Bank On Yourself policy gave her the confidence to transform her client relationships The exact script she used to transition from hourly billing to value-based pricing that tripled her rates   We also address common objections from business owners in various industries, with examples of how they adapted these strategies to their unique situations.   Key Quote: "The real transformation wasn't just in Lisa's bank account but in her relationship with both money and time. She no longer feels owned by her business or controlled by client demands."   Whether you're drowning in client work, struggling with inconsistent cash flow, or simply tired of missing life's important moments, this episode provides a practical roadmap to working less while earning more.   Want more? Get our "Work Less, Earn More" case study pack in the Wealth Wisdom Financial Community by becoming a premium member here: https://www.wealthwisdomfp.com/community.   00:00 Introduction to Sam's Story 00:40 Welcome to Wealth Wisdom Financial Podcast 01:33 The Importance of Long-Term Tax Planning 03:03 Planning for a Business Sale 08:32 Estate Planning and Business Succession 12:29 Retirement Tax Planning for Business Owners 19:13 Conclusion and Next Steps   Watch On YouTube: https://youtu.be/1pGip0hlQeU 

Could your current tax strategies be creating a ticking time bomb for your future? Sam built a successful business for 30 years. Then, he lost nearly half their $2 million sale price to unexpected taxes. In this forward-thinking episode, we explore tax planning beyond just this year's return. You'll discover: Three critical tax-planning timeframes most business owners completely ignore How to structure your business today to save taxes when you eventually sell Estate planning strategies that protect your business legacy from excessive taxation The surprising ways business profits can increase your Medicare costs in retirement Key Quote: "The tax strategies that work great for your business today might actually set you up for bigger tax headaches down the road." Listen now to learn how you can develop a comprehensive tax strategy that serves your business well through every life stage. Get your free "Business Owner's Legacy Planning Guide" in the Wealth Wisdom Financial Community. www.wealthwisdomfp.com/community     00:00 Introduction to Sam's Story 00:40 Welcome to Wealth Wisdom Financial Podcast 01:33 The Importance of Long-Term Tax Planning 03:03 Planning for a Business Sale 08:32 Estate Planning and Business Succession 12:29 Retirement Tax Planning for Business Owners 19:13 Conclusion and Next Steps   Watch on YouTube here: https://youtu.be/0aMY5WxljCc 

Is your "I'll do the bookkeeping later" approach quietly sabotaging your business success?   Maria discovered her retail shop was hemorrhaging $28,000 on an unprofitable product line. Never didn't realize it earlier because she couldn't see the numbers clearly.   In this practical episode, we share the simplest bookkeeping system that actually works for busy entrepreneurs. You'll discover: The "Daily 5-Minute Money Check" that transformed Maria's business finances Which tools are essential versus nice-to-have for businesses at different stages How to set up a system you'll actually use (instead of avoiding) The unexpected ways good bookkeeping leads to better business decisions   Key Quote: "The perfect bookkeeping system you'll use 'someday' isn't nearly as valuable as a good-enough system you'll actually use today."   Listen now to learn how you can transform financial chaos into clarity with just 5 minutes a day.   Get your free "5-Minute Money Check Success Kit" in the Wealth Wisdom Financial Community at wealthwisdomfp.com/community.   00:00 Introduction to Bookkeeping Challenges 00:45 Welcome to Wealth Wisdom Financial Podcast 01:23 The Importance of Clean Books 03:58 The Daily 5 Minute Money Check 06:41 Tools for Efficient Bookkeeping 10:53 Maria's Story: The Cost of Neglecting Bookkeeping 12:37 Conclusion and Resources   Watch on YouTube Here: https://youtu.be/abi1Pm-FchQ 

Are your tax deductions putting your business at risk? Meet Toni, a wedding photographer who nearly lost everything over $12,000 in questionable deductions that triggered an IRS audit. In this episode, we unpack the most common tax mistakes small business owners make and how to avoid them. You'll discover: Three legitimate deductions many business owners miss completely The dangerous deductions that put Toni in the IRS crosshairs Why "but my friend's accountant lets them do it" isn't a defense Simple systems to keep your business audit-resistant Key Quote: "The most expensive tax mistakes aren't usually from missing the big obvious deductions. They come from either missing lots of small legitimate deductions because they seem too simple to count, or from claiming questionable deductions because 'everyone does it.'" Listen now to learn how to claim what you're entitled to while keeping your business safe from costly audit troubles. Get your free "Small Business Deduction Checker" in the Wealth Wisdom Financial Community at wealthwisdomfp.com/community.   00:00 Introduction: Avoiding a $12,000 Tax Mistake 00:47 Welcome to Wealth Wisdom Financial Podcast 01:25 Tony's Tax Troubles: A Cautionary Tale 03:08 Commonly Missed Deductions 05:51 Deductions That Can Get You in Trouble 09:51 The Importance of Proper Tax Planning 13:50 Conclusion and Resources   Watch on YouTube here: https://youtu.be/kCpv4boE5zI 

Are you making these common tax mistakes in your small business? Most owners making under $1M are either overpaying in taxes or putting themselves at risk with the IRS - and they don't even know it.   In this episode, we unpack three key tax strategies specifically designed for businesses with under $1M in gross revenue. You'll discover:   Why playing "small" to save on taxes might be costing you big opportunities The three tax "buckets" every business owner needs to understand Which complex tax strategies you can safely ignore (and what to focus on instead) How to make taxes work for your business growth, not against it   Key Quote: "Smart tax planning isn't about zeroing out your profits - it's about optimizing them. Every dollar in taxes means multiple dollars kept in profit."   Listen now to learn how you can build a tax strategy that helps your business grow while keeping you in the IRS's good graces.   View the Small Business Tax Strategy Checklist in the Wealth Wisdom Financial Community here: wealthwisdomfp.com/community   00:00 Introduction to Smart Tax Strategies 00:34 Welcome to Wealth Wisdom Financial Podcast 01:12 Importance of Smart Tax Planning 04:20 Strategy 1: Strategic Timing of Income and Expenses 09:00 Strategy 2: Maximizing Qualified Business Income Deduction 13:10 Strategy 3: Building a Tax Diversified Retirement Strategy 19:42 Simplifying Tax Strategies for Small Businesses 22:30 Conclusion and Next Steps Watch Here: https://youtu.be/8hMHq_Hq0-U

Could your business survive losing a key team member tomorrow? Most can't - but there's a solution that too few business owners know about. In this episode, we're tackling a critical but often overlooked strategy that could save your business in a crisis (or in the dreaded “I quit effective immediately” situation). Plus, we'll show you how protecting your key people isn't just about avoiding disaster - it's about building stronger loyalty and retention. Key Quote: "Key person protection isn't just insurance - it's a strategic tool that shows your team you value them enough to plan for their future. That's what builds real loyalty." What You'll Learn: How to identify and protect your business's most valuable team members Creative ways to structure protection that actually help retain top talent Real examples of how small businesses are using key person strategies Practical steps to start protecting your business today Want to make sure your business is ready for anything? Get our Key Person Protection Planning Guide at wealthwisdomfp.com/community. Join a community of business owners who are building resilient, sustainable businesses. Don't wait for a crisis to start thinking about protection. Listen now to discover how smart protection strategies can strengthen your business today while securing its future!   00:00 Introduction: The Importance of Key Person Protection 00:50 Meet Your Hosts: Brandon and Amanda 01:27 The Story of Marcus and Sarah 02:09 The Vulnerability of Losing Key Employees 03:46 Three Critical Aspects of Key Person Protection 06:30 How Key Person Insurance Works 09:13 Marcus's Success Story 10:16 Conclusion: Protecting Your Business's Future   Watch on Youtube Here: https://youtu.be/rFjUyVtNg-8 

Want to offer better employee benefits but think your small business can't afford it? Think again! This episode breaks down creative ways to provide meaningful benefits that can help you attract and retain top talent - without breaking the bank. We'll show you how small businesses can actually have an advantage over big corporations when it comes to flexible benefits. Key Quote: "Building a strong benefits package isn't about matching big corporations dollar for dollar - it's about creating flexible solutions that meet your team's real needs." What You'll Learn: Why traditional retirement plans might not be the best fit for your team How to use Section 162 Bonus Plans to create flexible benefits Creative ways to structure benefits that serve both current and future needs Real examples of small businesses winning the talent war with smart benefit strategies Want to dive deeper into implementing these strategies? Get our free Bonus Plan Details and Implementation Guide at wealthwisdomfp.com/community. Join a community of business owners who are revolutionizing how small businesses approach benefits. Don't let limited resources stop you from building a competitive benefits package. Listen now to discover how to create benefits that actually work better for your team than traditional corporate offerings! 00:00 Introduction to Smart Employee Benefits 00:45 Welcome to Wealth Wisdom Financial Podcast 01:26 The Story of Jen: Struggling with Employee Retention 02:08 The Importance of Appreciation in Retention 03:42 Three Core Principles for Retaining Top Talent 03:58 Professional Development Opportunities 06:27 Building Meaningful Connections at Work 08:40 Showing Value to Your Team 10:34 Financial Recognition and Bonuses 13:16 Introducing the Section 162 Bonus Plan 16:39 Jen's Success Story and Final Thoughts 18:11 Join the Wealth Wisdom Financial Community 18:46 Conclusion and Call to Action   Watch on YouTube: https://youtu.be/R5_57qf7OlM  SmallBusiness #EmployeeBenefits #BusinessGrowth #TeamRetention

Wondering if real estate notes might be a smarter investment than managing rental properties? In this interview, we dive deep with Kevin from Pine Financial Group, who's managed over $1 billion in real estate deals. He shares why some investors are choosing debt over property ownership, and how this strategy could protect your wealth in uncertain times. Key Quote: "Real estate debt is the only true passive investment in real estate. Even if you hire a management company for rental properties, you have to manage the manager." What You'll Learn: Why real estate notes remained stable during the 2008 crash while property values dropped How lenders really evaluate borrowers (it's not just about the down payment) Smart ways to use your existing assets to qualify for loans Why current economic policies might keep interest rates higher than many expect The surprising differences in tax benefits between owning properties vs notes 00:00 Welcome to Wealth Wisdom 00:17 Introducing Our Guest: Kevin 01:19 Diving into Financial Chaos 03:32 The Importance of Diversification 05:26 Real Estate Debt Stability 09:08 Owning vs. Lending in Real Estate 14:10 Short-Term Bridge Lending Explained 20:50 Smart Borrowing Practices 22:16 Hard Money Lending Strategies 23:57 Client-Focused Lending Approach 28:35 Economic Predictions and Real Estate 32:45 Inflation and Asset Ownership 37:18 Closing Thoughts and Resources Want to learn more about market conditions? Get Kevin's free analysis report at www.ThePineReport.com  Ready to dive deeper? Check out Kevin's podcast "Real Estate Educators" for more investing insights and strategies. Want to explore if real estate notes are right for you? Schedule a discovery call at: www.wealthwisdomfp.com/call   Watch on YouTube: https://youtu.be/1Nnzn3S7BX8 

Do you think building a great company culture means having a massive budget for fancy perks? Think again! This episode shatters the myth that meaningful company culture is only for big corporations. We explore how small businesses can create thriving workplace environments. These strategies attract and retain top talent—without breaking the bank. Key Quote: "How we treat our team is how our team will treat our customers." What You'll Learn: Why profitability is the foundation of a strong company culture Creative ways to share profits beyond traditional 401(k) plans Practical strategies for building a positive work environment on a budget How to create self-reinforcing cycles of success in your business Ready to build a culture where your business and people can thrive? Listen now. Discover why small businesses often have an advantage when creating meaningful workplace cultures. Want more resources for building a profitable business culture? Visit wealthwisdomfp.com/community to get our Profit-Sharing Strategy Guide. Join a community of business owners building sustainable, profitable cultures. 00:00 Introduction: Company Culture for Small Businesses 01:05 Welcome to Wealth Wisdom Financial Podcast 01:43 Debunking Myths About Company Culture 03:24 The Importance of Profitability in Company Culture 05:25 Creative Profit Sharing Strategies 07:26 Flexible Scheduling and Professional Development 12:28 Recap and Final Thoughts 14:03 Join the Wealth Wisdom Financial Community   Watch on YouTube: https://youtu.be/Um0T1LmzXGA 

Thinking about hiring your first employee but worried whether your business can really afford it? We've got you covered! In this episode, we talk about what really matters before you hire - getting your money in order. While lots of experts focus on finding the right person, we'll show you why having strong business finances is just as important as picking the perfect candidate. Key Quote: "It's better to have an employee come into a profitable business and make it more profitable than to think your hire is the magic pill to make your business profitable." What You'll Learn: What you need to set up financially before you start looking for employees How to do a simple "practice run" to make sure you're ready to hire When it's okay to move forward even if everything isn't perfect Smart ways to get help if you're not quite ready for a full-time employee Want help building a great team? Check out Brian Alexander from Ready, Aim, Climb at readyaimclimb.com. Ready to take the next step? Get our free Hire Readiness Checklist at  wealthwisdomfp.com/community. You'll also find a whole community of business owners who are working on the same challenges. Don't wait until you're overwhelmed to start planning for your first hire. Listen now and learn how to make your first hiring experience a success! 00:00 Introduction: Hiring Your First or Hundredth Employee 00:54 Welcome to Wealth Wisdom Financial Podcast 01:32 Our First Hiring Experience 02:56 Financial Structure and Hiring 04:34 Profit First: Essential Financial Foundation 10:06 The Vault: Testing Payroll Capacity 15:04 Reality Check: When You Can't Wait 20:07 Audition Instead of Interview 22:09 Join the Wealth Wisdom Community 23:03 Conclusion and Final Thoughts   #BusinessGrowth #SmallBusiness #Hiring #FinancialFoundation #TeamBuilding   Watch on YouTube: https://youtu.be/qKwtYe6OYUc 

Ever feel like your business goals are more like wishful thinking than an actual plan? You're not alone. Many entrepreneurs struggle with conventional goal-setting approaches. Conventional goal-setting doesn't account for the dynamic nature of business. In this episode, we share a revolutionary framework for setting business goals that actually work. Our MTO approach helps you stay motivated and growing. They do best when things don't go exactly as planned. You'll discover: How to set "minimum goals" that help you sleep at night   The sweet spot for "target goals" that stretch you without breaking you   Why "outrageous goals" matter (even if you never hit them)   A practical way to break these down into actionable quarterly, monthly, and weekly metrics Ready for a flexible framework for setting goals that drive real growth while maintaining your sanity? Jump into this episode now.

Ever feel like success is draining your bank account? You're not alone. Many business owners discover that growing revenue doesn't automatically mean better cash flow. In this episode, we reveal the 5 most common cash flow surprises that blindside business owners. More importantly, we share how to handle them like a pro. You'll learn: How to navigate seasonal ups and downs without stress Why growth can actually create cash flow problems (and what to do about it) Smart strategies for handling delayed payments How to prepare for unexpected opportunities The tech upgrade trap and how to avoid it Struggling with seasonal swings or rapid growth? Practical systems can manage your cash flow challenges. Make those challenges into opportunities for sustainable business growth.

Ever feel like your business systems aren't keeping up with your growth? Many entrepreneurs hit a ceiling not because of their products or market. They plateau because their financial systems can't scale. In this episode, we reveal 3 critical financial systems. These systems separate 6-figure businesses from 7-figure empires. You'll discover: How to structure powerful twice-monthly money meetings that actually save you time The exact framework for quarterly deep dives that keep you ahead of problems Why semi-annual strategy sessions are crucial for sustainable growth Simple ways to get your team aligned with your financial rhythm

Do you keep making budgets that never work in real life? Like many business owners, you might find that old-school budgeting just doesn't fit how you run your business. In this episode, we share simple ways to make your budget work better for you. You'll learn: How to think of your budget more like a GPS that helps you, not a strict diet that makes you feel bad Ways to make smart money choices without guilt when things change How to plan for big bills that don't come every month A new way to protect your profits using special accounts Whether you're just starting or looking to refine your existing business budget, this episode will give you practical steps to create a financial system that works with your entrepreneurial spirit, not against it.

Ever feel overwhelmed by traditional New Year's resolutions? What if there was a simpler way to shape your 2025? Could you start by focusing on how you want to feel rather than just what you want to achieve? This special New Year's episode explores a refreshing approach to planning your year. It's the perfect episode to listen to while reflecting on your hopes for 2025. Key Quote: "Before you plan what you'll do, decide how you'll be." In this episode, you'll discover: Why choosing an emotional theme can be more powerful than traditional goal-setting How to identify your personal emotional "North Star" for 2025 The connection between emotional well-being and financial success Simple practices to cultivate your chosen emotional state Why patient trust might be more valuable than aggressive action Plus, learn a practical exercise for embodying your emotional theme throughout the year. Set your intentions for 2025. Start your year with clarity and purpose. Next steps: Ready to grow with intention in 2025? Join our Wealth Wisdom Financial Community for just $97/year. Access our complete library of resources, monthly group coaching sessions, and our success dashboard mini-course. Join at www.wealthwisdomfp.com/community  Watch on YouTube: https://youtu.be/XV5VyihfwVY     

Do you ever wonder if you're learning from your experiences or just living them? Want a simple way to extract wisdom from your year? Want to review without getting lost in complicated reflection exercises? This is a quick but powerful episode. Discover a clever exercise transforming how successful entrepreneurs review their years for nearly two decades. Listen while enjoying that holiday beverage or stealing a quiet moment between festivities. Key Quote: "What if we stopped seeing December 31st as a deadline and started seeing it as a chance to honor how far we've come?" In this episode, you'll learn: A simple two-step process for meaningful year-end reflection How to identify patterns you might be missing in your business The secret to turning experiences into actionable wisdom A practical way to document your year that survives even floods Plus, hear real examples of lessons learned, both personal and professional. Shape your approach to 2025. Next steps: Ready to grow and learn even more in 2025? Join our Wealth Wisdom Financial Community for just $97/year. Access our complete library of resources, monthly group coaching sessions, and our success dashboard mini-course. Join at https://www.wealthwisdomfp.com/community.   Watch on YouTube HERE: https://youtu.be/ZnfMuWYue0Q 

Ever find yourself panic-purchasing business tools at 2 AM during the holiday season? Or maybe you're wondering if that end-of-year equipment purchase is really about growth – or just about taxes? In this episode, we dive deep into the psychology behind those year-end money decisions that can make (or break) your business's financial future. Key Quote: "Sometimes the most powerful move is deciding not to spend, even when it feels like everyone else is." In this episode, you'll discover: The truth about December 31st deadlines (and which ones you can safely ignore) Why January 1st feels like such a powerful reset button (and how to use this psychology to your advantage) How holiday stress can trigger "doom spending" in your business A practical 72-hour rule for making better financial decisions during the festive season The "December Decision Framework" that transformed one client's year-end planning Plus, learn how to distinguish between real deadlines and artificial pressure during the busiest season of the year. Perfect for listening while wrapping those client gifts or planning your year-end strategy. Join us to transform your December money moves from reactive to strategic.   00:00 Introduction: Year-End Financial Pressure 00:57 Welcome to Wealth Wisdom Financial Podcast 01:34 Understanding Year-End Financial Moves 03:11 Psychological Triggers: December Deadline Effect 06:51 Psychological Triggers: Clean Slate Syndrome 11:33 Psychological Triggers: Social Comparison Search 15:22 Creating a December Decision Framework 20:03 Join the Wealth Wisdom Financial Community 21:34 Conclusion and Final Thoughts Next steps: Ready to make intentional money moves in 2025? Join our Wealth Wisdom Financial Community for just $97/year. Get access to our complete library of financial resources, monthly group coaching sessions, and our success dashboard mini-course. Join at wealthwisdomfp.com/community. Coming up next week: "The Ultimate 2024 Recap: Looking Back at the Year" – tune in for insights on maximizing your year-end review process. Watch on YouTube: https://youtu.be/J23X36gUSDg 

Ever wonder why some people attract financial abundance while others stay stuck in scarcity? Even with similar incomes? In this episode, we dive deep into the psychology behind your relationship with money. Join us to explore how to transform your mindset from scarcity to abundance as we head into 2025. Key Quote: "Money is important - but it's important in the same way oxygen is important. You need it to live, but having more oxygen doesn't make you a better person. Your worth as a human being is inherent, unchangeable, and completely separate from your financial situation." In this episode, you'll discover: The three mindset traps that keep people stuck in scarcity thinking Why traditional budgeting often reinforces negative money patterns How to break free from the "never enough" loop A practical framework for shifting from scarcity to abundance thinking Real client stories of transformation (and the exact steps they took) Plus, learn a simple daily practice that can begin rewiring your money mindset today. Perfect for listening while wrapping presents or stealing a quiet moment during the holiday rush. Ready to write a new money story for 2025? Don't miss this episode. Next steps: Ready to take your money mindset transformation to the next level? Join our Wealth Wisdom Financial Community for just $97/year. You'll get access to our complete library of money mindset resources. Plus, join us for monthly group coaching sessions. Every premium members gets our success dashboard mini-course. Join at wealthwisdomfp.com/community. Let's make 2025 your breakthrough year. Coming up next week: "The Psychology of Your Year-End Money Moves." Don't miss our deep dive into making strategic financial decisions during the holiday season. Watch on YouTube: https://youtu.be/jdNULIRYGjc 

Ever look at your business bank account and feel successful? Then, you glance at your personal accounts and wonder where all the money went? You're not alone. Join us as we explore the hidden disconnect between revenue and wealth. The Revenue-Wealth Gap trips up even the most successful entrepreneurs. Discover why making more money isn't the answer (and what actually is), plus: Why traditional investment advice often fails business owners The "Wealth Trifecta" that successful entrepreneurs use instead How to stop hoping you'll "figure it out someday" and start building real wealth today Ready to bridge your own revenue-wealth gap? Don't miss the special and *urgent* announcement about Wealth Wisdom Week at the end of the episode!

Discover why focusing solely on your business could put your personal financial security at risk—and learn the strategy that keeps you financially safe, whether your business thrives or not.   In this episode, we reveal: The #1 reason businesses fail (hint: it's not a lack of passion or a bad product). Why your business shouldn't be your only retirement plan. The power of margins in life and business—how to create space for financial security and joy. Our personal story of making a crucial mistake early on and how we pivoted to build lasting personal wealth. How a parallel growth strategy can help you thrive in both business and personal finance.   This episode is perfect for entrepreneurs who want to build wealth beyond their business. Whether you're just starting out, looking to diversify your income, or preparing for a secure retirement, this episode will show you how to protect your financial future without sacrificing your business goals.   Listen now to learn how to create a personal financial safety net, avoid burnout, and achieve long-term success. And keep an ear out for a fun nerd reference that ties everything together!   00:00 Introduction: Beyond Business Success 01:30 The Importance of Personal Wealth 02:43 Understanding Margins in Life and Business 05:06 Real-Life Examples and Lessons 07:28 Parallel Growth Strategy 10:01 Addressing Common Objections 13:15 Conclusion and Next Steps   Links mentioned in the show: Reserve your spot in Wealth Wisdom Week here: https://wealthwisdomfp.com/seminar Apply for the Profit Planning Network here: https://wealthwisdomfp.com/ppn Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/community Watch on YouTube here: https://youtu.be/kKDZfCXOEqs 

Discover why 45% of businesses fail in the first 5 years (hint: it's not about your product or service) and learn the revolutionary system that's helping entrepreneurs break free from the feast-or-famine cycle. In this episode, we reveal: Why traditional budgeting is setting you up for failure A counterintuitive approach that makes profit inevitable, not optional The simple 5-account system that eliminates financial anxiety Our personal journey from financial stress to confidence using this method Perfect for: Business owners who hate budgeting but know they need better financial control. Whether you're barely making ends meet or ready to scale, this episode shows you how to finally master your numbers without becoming an accountant. Listen now to transform your relationship with business finances and break free from the failure statistics. Be sure to catch the Star Trek reference!   00:00 Introduction to Financial Freedom 00:28 Debunking Profit First Misconceptions 01:25 Welcome to Wealth Wisdom Financial Podcast 02:03 Celebrating Small Businesses 02:57 The Importance of Simple Financial Systems 03:41 Understanding Profit First 07:27 Applying Profit First Principles 16:53 Overcoming Common Objections 24:37 Join the Profit Planning Network 26:02 Wealth Wisdom Week Announcement 27:13 Conclusion and Call to Action   Links mentioned in the show: Reserve your spot in Wealth Wisdom Week here: https://wealthwisdomfp.com/seminar Apply for the Profit Planning Network here: https://wealthwisdomfp.com/ppn Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/community   Watch on YouTube here: https://youtu.be/Cz1pNz_hl40   

Ever wonder if your business is truly aligned with your life's calling? What if your entrepreneurial journey was more than just making money? What if your business fulfilled your destiny? In this episode we're diving deep into the secret sauce of your "financial DNA" - that perfect blend of your life's purpose, your money story, and your path to profitability. Spoiler alert: it's about way more than just cashing those checks. Now, we know what you're thinking - "But what about the bottom line?" Don't worry, the Wealth Wisdom crew has got you covered. They're here to show you that purpose and profit are not mutually exclusive. In fact, when you're truly aligned with your calling, you're more likely to persist through challenges and find innovative ways to be profitable. So, are you ready to decode your financial DNA and build a business that truly reflects who you are and what you're meant to do?   00:00 Introduction: Aligning Business with Life's Calling 00:47 Welcome to Wealth Wisdom Financial Podcast 01:26 Celebrating Small Businesses 01:48 Decoding Your Financial DNA 04:23 Recognizing Your Calling 05:23 Decoding Your Money Story 05:42 Pursuing Profitability 08:08 Personal Story: Going All In 11:59 Purpose AND Profit 13:00 Profit Planning Network 14:55 Conclusion and Call to Action   Links mentioned in the show: Apply for the Profit Planning Network here: https://wealthwisdomfp.com/ppn Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/community   Watch on YouTube here: https://youtu.be/bkrvFhViI80 

Is your small business feeling the weight of the world on its shoulders? Newsflash - you don't have to go it alone! In this must-see episode, we're unveiling the not-so-secret superpower that can transform your entrepreneurial journey: the power of collaboration. Small businesses are the backbone of the American economy, but the statistics are sobering - 45% fail in the first 5 years, and over half don't make it to the 10-year mark. The good news? We've uncovered a game-changing piece of advice from successful business owners: "Never do anything alone." When you team up with mentors, fellow entrepreneurs, and even your target customers, the burden gets lighter, the ideas get bigger, and the chances of success skyrocket. Just ask us - we managed to cut our startup costs in half by leveraging our "Set Up Shop Committee"! And if you're not a small business owner yourself, don't worry. We're serving up all the juicy details on how you can support your local entrepreneurial community in ways that create a win-win for everyone. This episode is about to shift your small business mindset from stressed and isolated to empowered and connected. Whether you run a mom-and-pop shop or just want to champion the entrepreneurial spirit in your neighborhood, you won't want to miss these must-try strategies for harnessing the power of collaboration. Trust us, your business (and your sanity) will thank you.   00:00 Introduction: The Power of Collaboration 00:25 Small Business Saturday: Mark Your Calendars 01:18 Welcome to Wealth Wisdom Financial Podcast 01:56 Celebrating Small Businesses: You Don't Have to Go It Alone 02:45 The Reality of Small Businesses in the US 04:53 The Importance of Collaboration in Entrepreneurship 05:45 Our Personal Journey: From Isolation to Collaboration 09:40 How Non-Business Owners Can Support Small Businesses 13:54 Challenge: Strengthening Community Through Support 14:36 Join the Profit Planning Network 15:49 Conclusion: Building Wealth and Wisdom Together   Links mentioned in the show: Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/community   Watch on YouTube: https://youtu.be/GuCsvW08WVQ 

Have you ever felt torn between your desire to give generously and your need to maintain financial stability? Watch as we unpack how combining strategic giving with sound financial practices creates a powerful formula for lasting impact and personal stability. Are you ready to revolutionize your approach to generosity? It's time to learn how pre-decisions, boundary setting, and high-impact giving strategies could be the missing pieces in your giving puzzle. Don't let your generous heart lead to financial strain - join us for this transformative episode that goes beyond basic charitable giving tips! Your legacy of generosity (and your financial future) might just depend on it!

Is your legacy plan secretly working against your family's future? Watch as we unpack the multi-trillion-dollar wealth transfer reshaping America's financial landscape - and why traditional inheritance planning might set your family up for failure! Have you ever wondered why some families maintain their wealth for generations while others lose it all by the third generation? The answer is not luck — it's strategic legacy planning. Are you ready for a masterclass in family wealth preservation? It's time to learn how the proper legacy planning framework could be the missing piece in your family's financial future. Don't let your life's work become a family burden - join us for this transformative episode that goes beyond the basics of estate planning. Your family's future harmony might just depend on it!

Have you ever considered that the secret to easing financial stress could be rooted in kindness? Join us as we reveal how combining four unconventional financial strategies can create a compounding effect of kindness and reduced stress. (kind of like how compound interest grows wealth over time) Are you ready for a masterclass in financial wisdom? It's time to learn how every small action can have massive results. Let's transform your finances and the world around you with kindness and simplicity. Don't miss this game-changing episode!   00:00 Introduction to Financial Strategies for Reducing Stress 02:23 Understanding the Power of Compounding 06:46 Unconventional Financial Concepts for a Better World 10:18 Introducing the Gratitude Bank 12:02 Integrating Financial Strategies 13:38 Addressing Skepticism and Concerns 16:32 Cultivating Gratitude in Stressful Times 19:41 Conclusion and Next Steps   Links mentioned in the show: Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community Watch on YouTube: https://youtu.be/nWKPoazYS_E 

What if we told you that your financial strategies are working against each other, sabotaging your wealth-building efforts? (Spoiler alert: For many, they are!) Watch as we reveal how combining 5 powerful financial concepts can create a synergy that supercharges your personal and business finances. Have you ever wondered why some entrepreneurs seem to effortlessly grow their wealth while others struggle? Or why your colleague Mark's business is thriving while everyone else is barely staying afloat? It's not luck - it's strategy. Are you ready for a masterclass in financial integration? It's time to learn how Bank on Yourself, Profit First, EOS, YNAB, and the STILL Method could be the missing pieces in your financial puzzle. Understanding and implementing these crucial elements lets you take control of your money like never before! PS: For a limited time, get our book "Five Smooth Stones" at 50% off to jumpstart your journey with the STILL Method. Use code OCTOBER at our shop (link below). Hurry, offer ends October 14th at midnight! Our shop (for the book deal): https://www.wealthwisdomfp.com/shop   Links mentioned in the show: Our shop (for the book deal): https://www.wealthwisdomfp.com/shop (use code OCTOBER) Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community Learn more about how Profit First and Bank On Yourself works together: on our show here https://youtu.be/ll98hpdj_ZI and on another show here: https://nyafinancialpodcast.com/episode-368-a-better-way-to-profit-first-with-mike-michalowicz/   00:00 Introduction: Combining Financial Strategies for Success 01:21 Welcome to Wealth Wisdom Financial Podcast 02:14 The Problem with Disjointed Financial Strategies 03:31 Overview of Key Financial Concepts 06:22 Combining Financial Strategies for Maximum Impact 10:03 Addressing Common Concerns and Implementation Tips 15:37 Special Offer and Conclusion   Watch on YouTube here: https://youtu.be/Nqri8fihmSE 

What if we told you that your bank balance is lying to you about how rich you really are? (Spoiler alert: For many, it is!)   Watch as we pull back the curtain on the 5 crucial puzzle pieces of true wealth that are helping savvy individuals live richer, more fulfilling lives.   Have you ever wondered why some people seem content despite modest bank accounts? Or why your neighbor Sarah is thriving while everyone else is chasing the next dollar? It's not luck - it's strategy.   Are you ready for a crash course in redefining wealth? It's time to learn how health, relationships, purpose, personal growth, and time could be the missing pieces in your wealth puzzle. Understanding and planning for these crucial elements lets you take control of your life's true riches!   ps: Next week's episode we'll show you how to align your finances with these 5 puzzle pieces. Don't miss it!   Links mentioned in the show: A previous episode about defining wealth: https://youtu.be/K-REYOnpd34?si=VIEbU83NIhu7oIKp Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community (This is where you get our Holistic Wealth Planner too!)   00:00 Introduction: Beyond the Numbers 00:51 The Bigger Picture of Wealth 02:36 Five Puzzle Pieces of True Wealth 04:13 Puzzle Piece 1: Health 05:58 Puzzle Piece 2: Relationships 08:20 Puzzle Piece 3: Purpose 10:18 Puzzle Piece 4: Personal Growth 12:03 Puzzle Piece 5: Time 15:18 Holistic Wealth and Financial Planning   Watch this episode on YouTube here: https://youtu.be/ZhVW59vkHZc 

Unlock the secrets of financial resilience with our latest episode! We're diving deep into the money vaults of history to extract golden nuggets of wisdom that can fortify your finances today. In this episode, you'll discover: • The "Three R's of Recession Resilience" that have stood the test of time • How your great-grandparents' Depression-era tricks can beef up your modern budget • Why the 2008 financial crisis might hold the key to your side-hustle success • Inflation-fighting strategies from the 1970s that still pack a punch today  • The surprising parallels between 1929's market crash and today's economic challenges   Plus, we'll reveal: • How to build a financial emergency kit that would make a Depression-era survivor proud • The "Victory Garden" approach to diversifying your income streams • Why becoming the "Renaissance Person" of your finances could be your recession superpower   Whether you're a seasoned investor or just starting your financial journey, this episode is packed with actionable strategies to help you weather economic storms. Don't let history repeat itself – learn from it instead! 00:00 Introduction to Timeless Financial Wisdom 00:36 Welcome to Wealth Wisdom Financial Podcast 01:14 Exploring Financial Fortitude and Resilience 01:46 Learning from Past Financial Crises 03:05 Special Invitation: Transform Your Financial Future 05:37 The Three R's of Recession Resilience 05:40 Reserves: The Power of Cash Savings 08:20 Reduce: Living Lean and Building Relationships 10:35 Reinvent: Diversifying Income Streams 15:56 Conclusion and Next Steps   Links mentioned in the show: 

What if we told you that your 401(k) might be more of a rollercoaster than a reliable retirement vehicle? (Spoiler alert: For many, it is!) Watch as Brandon and Amanda pull back the curtain on a little-known financial tool that's helping savvy retirees sleep better at night. Have you ever wondered how some people seem unfazed by market crashes? Or why your neighbor Bob is grinning while everyone else is panicking? It's not luck - it's strategy. Are you ready for a crash course in retirement security? It's time to learn how fixed index annuities could be the missing piece in your financial puzzle. Wall Street doesn't want you to know about this. By understanding it, you can take control of your retirement destiny! Tune in and secure your financial future! (P.S. Bengals fans, we promise our financial advice is more accurate than our football b-roll. Unlike that mishap, we won't fumble your retirement!)   00:00 Introduction to Financial Resilience 00:41 Welcome to Wealth Wisdom Financial Podcast 01:19 Zooming in on Retirement Strategy 02:51 Understanding Fixed Index Annuities 04:46 The Importance of Annuities in Retirement 05:34 Real-Life Example: Bob and Sue 06:31 Commercial Break 07:25 Debunking Annuity Myths 08:35 Key Attributes of Good Annuities 10:56 Conclusion and Next Steps Watch on YouTube here: https://youtu.be/Sk-eu85GYiM  Links mentioned in the show: Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community

Are you tired of watching your hard-earned money crumble in the face of economic uncertainty?  Watch as we reveal the strategy that transformed our financial future - and it has nothing to do with the stock market rollercoaster. Prepare to have your perspective on financial planning flipped upside down. Are you ready to learn more about Bank on Yourself®? Forget about chasing the latest investment fads; this strategy is designed to help weather financial storms. Don't settle for a leaky financial foundation. Watch this episode to discover how you can take back control of your future.   00:00 Introduction to Financial Resilience 00:34 Welcome to Wealth Wisdom Financial Podcast 01:28 Understanding Financial Fortitude and Resilience 02:43 Personal Stories of Financial Challenges 04:14 Building Financial Resilience with Bank on Yourself 05:53 Our Journey with Bank on Yourself 08:07 Overcoming Financial Crises 10:56 Exploring the Benefits of Bank on Yourself 15:35 Conclusion and Next Steps   Links mentioned in the show: Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community Learn more about Bank On Yourself®: https://youtu.be/14kSzNqGWbM  

Have you ever wondered why some businesses thrive while others struggle? Or why being agile in today's economy is more crucial than ever? It's not random. Specific principles drive savvy entrepreneurs to stay ahead. Are your business strategies truly effective, or are you being held back by outdated financial wisdom? What if we told you that a single conversation could radically transform your approach to wealth building? (Spoiler alert: It did for hosts Brandon and Amanda!) Watch as Perry Marshall, a renowned business consultant, unveils game-changing insights. It's time to learn how the 80/20 rule, strategic thinking, and building excess capacity can revolutionize your business approach. Are you ready for a crash course in 21st century wealth wisdom? Tune in and unlock your true wealth-building potential!   00:00 Life-Changing Conversation with Perry Marshall 01:07 Introduction to Wealth Wisdom Financial Podcast 02:15 Meet Perry Marshall: From Audio Geek to Marketing Guru 10:19 The Power of 80/20 Principle in Business and Life 14:00 Navigating the Digital World: 90/10 and Beyond 17:35 The Agility Decade: Preparing for a Volatile Future 28:14 The Importance of Thinking and Deliberate Practice 32:47 Attracting the Right Audience 33:33 Critique of 'Think and Grow Rich' 34:08 The Iceberg Analogy 34:48 Mastermind Group Insights 36:55 Lessons from Google Ads and Infomercials 38:58 The Importance of Diversification 41:35 Break Glass in Case of Emergency 45:28 Financial Resilience and Agility 51:06 Final Thoughts and Encouragement   Watch on YouTube here: https://youtu.be/WKXbc3jHBBE    Links mentioned in the show: Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community Watch our previous episode about adaptability: https://youtu.be/UjCMEY_GNOo  GET THE BEST FROM PERRY MARSHALL HERE: https://www.perrymarshall.com/8020-book/   

Are you unwittingly falling for financial fads that could derail your wealth? What if we told you that some of history's brightest minds have been duped by financial manias? (Spoiler alert: Even Sir Isaac Newton wasn't immune!) Have you ever wondered how Ponzi schemes still manage to fool people? Or why seemingly rational investors get caught up in the dot-com frenzy? These aren't just isolated incidents - they're driven by timeless quirks in human psychology. From the South Sea Bubble of 1720 to the more recent Bitcoin boom, we're about to show you how understanding these historical patterns can help you make smarter financial decisions today. Tune in to learn how to spot red flags, diversify wisely, and implement strategies like Bank On Yourself. Don't let your brain sabotage your wealth - listen now and safeguard your financial future! 00:00 Newton's Financial Folly 00:58 Historical Financial Fads and Scams 03:15 Welcome to Wealth Wisdom Financial Podcast 07:37 Practical Tips to Avoid Financial Fads 15:52 Bank On Yourself: Scam or Strategy? 19:40 Conclusion and Final Thoughts   Links mentioned in the show: Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community   Watch on YouTube here: https://youtu.be/o8HBE5fe9D4 

Are your financial decisions truly your own, or are you being puppeteered by hidden psychological forces? What if we told you that your brain might be your biggest obstacle to financial success? (Spoiler alert: It probably is.) Watch as Amanda pulls back the curtain on behavioral economics. Have you ever wondered why you impulse-buy things you don't need? Or why you might feel tempted to sell all your stocks when the market takes a downturn? These aren't just random choices - they're driven by specific quirks in how our brains process financial information and risk.  Are you ready for this quick, but crucial, history lesson on behavioral economics? It's time to learn how these discoveries revolutionized our understanding of financial decision-making. Others use these discoveries to get you to do what they want. By learning them, you can take more control of your financial destiny! Tune in and take charge of your financial future!   00:00 Introduction: The Allure of Investment Opportunities 01:19 Welcome to Wealth Wisdom Financial Podcast 02:19 Meet Amanda Neely: Your Financial Psychology Guide 04:33 The Birth of Behavioral Economics 11:42 Cognitive Biases: The Hidden Forces in Financial Decisions 16:49 How Financial Advisors Exploit Biases 24:00 Join the Wealth Wisdom Financial Community 25:43 Conclusion: Outsmarting Financial Biases   Links mentioned in the show: Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call Join the Wealth Wisdom Financial Community for more practical tips and a group of people to grow your wealth alongside: https://www.wealthwisdomfp.com/community

Which is more important to being more financially responsible: (1) the daily expense or (2) the major financial decision? Is penny-pinching and skipping small treats the key to financial freedom? Or, could it be that, if you get large expenses figured out, you can let the small things take care of themselves? What if there's a middle ground with way less guilt and shame? Don't worry, this episode isn't "stop buying lattes and you could be a millionaire." Yet, there is real, eye-opening math and an approach to money where you can secure your financial dreams AND enjoy life's small pleasures along the way. Ready to take a moment to smell the roses (or maybe the rose-flavored, direct-trade latte from your locally-owned shop). Stop "frugal fatigue." Ask for that raise. Start that side hustle. You can make your financial journey worth living. In this episode, we hope you find more joy! Jump in now.   00:00 Introduction to 'Don't Sweat the Small Stuff' 00:27 The Latte Factor Explained 01:28 Welcome to Wealth Wisdom Financial Podcast 02:28 Personal Stories and Financial Lessons 03:42 Debunking Conspiracy Theories 05:37 Comparing Financial Decisions 13:39 Psychological Impact of Financial Choices 20:09 Conclusion and Final Thoughts   Links mentioned in the episode: Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Watch on YouTube here: https://youtu.be/Q4Z7KD58PGo 

Are you intrigued by the hidden impact of fees on your retirement savings? Do you want to uncover the truth about compound interest's 'sneaky dark side'? Watch as Amanda and Brandon expose 5 key places where hidden fees might be lurking in your financial plans. They debunk the myths around compound interest and reveal how even small fees can devour a significant portion of your nest egg over time. Are you ready to learn about the real effects of fees on various financial strategies, including market investments, annuities, and whole-life insurance policies? It's time to take control of your financial future! This episode provides the insights you need to make informed decisions about your retirement savings. Don't let hidden fees silently erode your hard-earned wealth! Empower yourself with the knowledge to spot and minimize these sneaky costs, and set yourself on the path to a more secure financial future.   00:00 Introduction to Compound Interest 00:19 The Dark Side of Compounding 01:06 Welcome to Wealth Wisdom Financial Podcast 01:44 Understanding the Fee Apocalypse 03:24 Identifying Hidden Fees 04:13 Five Places to Find Fees 07:42 The Importance of Fee Awareness 08:50 Real-Life Fee Impact Examples 12:11 Calculating the True Cost of Fees 18:51 Analyzing 35 Years of Investment Returns 19:20 Impact of Fees on Investment Growth 22:34 Exploring Annuities as an Alternative 25:53 Whole Life Policy: A Different Approach 30:37 Final Thoughts and Summary   Watch on YouTube here: https://youtu.be/Xjvlf6NuvtA    Links mentioned in the episode: Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Check the expense ratio of funds: https://tools.finra.org/fund_analyzer/ The reasons why 401ks are a scam: https://www.bankonyourself.com/six-reasons-401k-scam.html In-depth look at 401k fees: https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/resource-center/publications/a-look-at-401k-plan-fees.pdf Information on Retirement plans: https://www.dol.gov/general/topic/retirement/consumerinfpension

Are you curious about Infinite Banking? Do you want to sort the facts from fiction? Then watch as Amanda and Brandon address the 8 common misconceptions about the Infinite Banking concept. They debunk myths such as Infinite Banking being a get-rich-quick scheme, only for the wealthy, or a new and unproven concept. It's time to learn more about tax benefits, policy growth, and how Infinite Banking fits into a comprehensive financial plan! Whether skeptical or intrigued, this episode provides the clarity you need to make informed decisions about your personal and business finances. Don't let misinformation cloud your judgment and hold you back from financial freedom!    00:00 Welcome to Wealth Wisdom Financial Podcast 02:35 Common Misconceptions: Infinite Banking 03:25 Misconception 1: It's a Get Rich Quick Scheme 05:12 Misconception 2: It's the Same as Whole Life Insurance 06:41 Misconception 3: It's Only for the Wealthy 08:51 Misconception 4: It Replaces All Other Investments 10:01 Misconception 5: The Returns are Guaranteed 12:43 Misconception 6: It's Completely Tax-Free 14:42 Misconception 7: It's a New or Unproven Concept 16:14 Misconception 8: It Eliminates the Need for Traditional Banking 18:37 Conclusion and Next Steps   Links mentioned in the episode: Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Check out our past episode about using banks for your convenience rather than theirs: https://youtu.be/aeBP8qtSFQ8

Do you ever wonder: How does the Infinite Banking concept fit into a comprehensive financial plan? Is it similar to or different from a traditional or a conventional financial method? How does it work with more conventional methods? Who does it work best for? How much should someone put into their policy? Join Amanda Neely, CFP® as she answers these 5 questions generated by AI on how and how NOT to incorporate high-cash-value, dividend-paying whole life insurance into a financial plan. Yes, there's even a mention of Gandalf! 00:00 Welcome to Wealth Wisdom Financial Podcast 03:15 The Importance of Assumptions in Financial Planning 06:08 Traditional vs. Conventional Financial Planning 08:51 Integrating Infinite Banking with Other Strategies 10:55 Who Benefits Most from Infinite Banking? 14:55 Opportunity Costs and Financial Decision Making 19:15 Personal Experiences with Infinite Banking   Links mentioned in the episode: Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call   Watch on YouTube here: https://youtu.be/nkcY_oZoYQE 

Curious why Infinite Banking is becoming more and more popular? Ready to learn more about Infinite Banking? Join our in-house Authorized IBC Practitioner Brandon Neely as he tackles burning questions about this trending financial strategy. Questions Include: ▶︎ Why is Infinite Banking gaining massive popularity? ▶︎ How is it stacking up against traditional savings methods? ▶︎ How can you know the potential pitfalls you need to avoid? Get ready for the answer to all these questions as Brandon reveals how to assess if Infinite Banking aligns with your personal goals. Don't miss this chance to revolutionize your financial future - watch now and discover if Infinite Banking could be your key to unlocking unprecedented wealth! 00:00 Introduction and Setup 01:44 Question 1: Why is Infinite Banking Gaining Popularity? 03:18 Question 2: Infinite Banking vs Traditional Strategies 05:37 Question 3: Misconceptions and Pitfalls 07:44 Question 4: Assessing Suitability for Infinite Banking 10:30 Question 5: Future Threats to Infinite Banking 13:07 Conclusion and Next Steps   Links mentioned in the episode: Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call   Watch on YouTube here: https://youtu.be/l13svsa4DIQ   

What's better than two Bank On Yourself Professionals helping you understand financial freedom? Obviously, it's FIVE of them to learn from. Brandon, Ben, Sarry, Chris, and Ryan are here to tell us how they achieved financial freedom and why they want to help you get there too. This candid conversation helps you understand the importance of generational wealth, how to create a financial foundation that isn't volatile, and the impact of financial education.  These five professionals are sharing with you their unique stories and how they can help you achieve long-lasting financial security.    00:00 Introduction: Discovering Your Passion and Purpose 00:38 Background: The Journey of Banking Yourself Professionals 02:53 Podcast Welcome: Wealth Wisdom Financial 03:52 Infinite Banking: Building a Solid Financial Foundation 05:08 Guest Insights: Why We Bank on Yourself 13:13 Generational Wealth: The Long-Term Impact 18:02 Faith and Finance: A Spiritual Perspective 27:42 Closing Thoughts: Taking Control of Your Financial Future 33:17 Final Call to Action: Schedule Your Discovery Call   Links mentioned in the episode: Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available) Watch on YouTube here: https://youtu.be/aMtCUYRvs6I 

What's the worst thing that can happen to a parent? To lose their child. During this time it's important to be financially strong, especially when other children are mourning along with the parents. You might learn some useful money lessons from this experience. We hope you never lose a child. Here's your chance to hear James' story and learn through his experience. James shares his life and financial journey, from how he grew up, his first investments, and his current memory care real estate endeavors. He talks about his career history, financial setbacks, and strategies for teaching his children financial literacy. James also talks about his faith and how it helped him during tough times. His story shows why taking smart risks, learning from your experiences, and giving your kids a good money foundation are important. As James says, "Don't stick your head in the sand." and "Get started with your kids early."   00:00 Introduction and Welcome 00:19 James' Personal and Financial Background 02:39 Early Investment Experiences and Lessons 03:48 Questioning Traditional Financial Wisdom 06:05 Transition to Real Estate and Entrepreneurship 10:37 Discovering Wealth Wisdom 19:13 Implementing Financial Strategies for Family 19:46 The Importance of Financial Education for Children 23:32 The Value of Life Insurance Policies 32:05 Reflections on Financial Planning and Advice 43:39 Conclusion and Final Thoughts   Watch this episode on YouTube here: https://youtu.be/YQUtHS8d92I

What part of the movie is your favorite? What does your answer reveal about your money story?   You might like the opening where the goals are set. You might like the climax where it's most dramatic. You might love a good ending.   On your money journey, each stage is critical but how do you make sure the ending is good?   Trigger Warning: We talk about faith in this episode but in an interfaith, respectful way. We believe whatever your faith, it's critical to have faith to find meaning and purpose on your financial journey. Are you open to being still and letting God work on your behalf?   Don't miss Amanda's prayers (there are 2) for you and your financial journey!   00:00 Introduction: What's Your Favorite Part of a Movie? 01:09 A Family's Financial Struggle and Faith 05:59 The Importance of Setting Your Sights 10:19 Finding Strength in Faith and Financial Journeys 15:02 Final Thoughts and Encouragement   Links mentioned in the episode: Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available) Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call Listen to the song Amanda's paraphrases here: https://open.spotify.com/track/7wDqgBeu73mUT1MSpClMU0?si=621d728884cb4b8c Watch this episode on Youtube here: https://youtu.be/EaPgYUwhSGY