Podcasts about family inc

The decision to have kids - or, more commonly these days, to NOT have kids - isn't just some random decision your kids make. It comes after years of seeing how you treat fatherhood and motherhood. Whether you value it. Whether you've taught them the importance of their gender and how God intentionally created them that gender, and that He loves certain things about that gender. If you value family, having kids, and obeying God, then you need to actually train your kids to WANT to become parents. On this episode, we talk about: 0:00 Intro 1:23 Raising Kids Who Want to Become Parents 3:05 ANNOUNCEMENT: Family Inc Opening Again! 6:40 Success Stories from Family Inc. 9:37 Teach Your Kids To Want Kids 12:13 Fertility Crisis and Cultural Influences 22:28 The Risk of Hyper Individualism 29:56 Idea Viruses Attacking Our Children's Desire To Be Parents 31:35 Creating A Pro-Feminine Culture 44:46 Modern Fear of Correcting Children 50:01 Modeling Thriving Parenthood Resources Mentioned: Family Inc: https://courses.familyteams.com/familyinc Discipleship Program: https://1kh.org/ --- Follow Family Teams: Facebook: https://facebook.com/famteams Instagram: https://www.instagram.com/familyteams Website: https://www.familyteams.com --- Hi, welcome to the Family Teams podcast! Our goal here is to help your family become a multigenerational team on mission by providing you with Biblically rooted concepts, tools and rhythms! Your hosts are Jeremy Pryor and Jefferson Bethke. Make sure to subscribe on Apple, Spotify, or YouTube so you don't miss out on future episodes!

Jeremy is joined by Rory Groves, who moved his family to a homestead 12 years ago and eventually quit his software engineer job to build a family economy. They talk about the implications of the industrial revolution and how anti-family (and anti-God) it is, and how families can start to make the mindset shift to build a family economy in a modern world. There are some really fundamental, theological questions that require wrestling with, because so many Christians today give up some fundamental arguments to the secular world, and Jeremy and Rory break many of these down around topics like work, family, economy, and more. They look ahead at the next few years and what to expect with AI, and Rory gives an overview of his book Durable Trades as a way to defend your family against the likely devastation that's incoming. On this episode, we talk about: 0:00 Intro 1:05 Rory's Journey From Programming To Farming 5:55 Did God Design Family To Work Together? 8:07 The Industrial Revolution...Disaster? 17:53 The Economic Implications of a Family-Centered Life 23:12 The Family as The Basic Economic Unit 29:36 How Important is Land? 31:01 How To Launch Into A Family Economy 35:14 The Future of AI and How Families Can Properly Defend Themselves 41:30 Family Worship Rhythms Follow Family Teams: Facebook: https://facebook.com/famteams Instagram: https://www.instagram.com/familyteams Website: https://www.familyteams.com Resources Mentioned: Family Life by Kevin Swanson: https://www.amazon.com/dp/0996171983/ The Natural Family by Allan Carlson: https://www.amazon.com/dp/B0747Q5XKL/ Durable Trades by Rory Groves: https://www.amazon.com/dp/1725274140/ The Grovestead Newsletter: https://www.thegrovestead.com/newsletter/ Gather and Grow: https://gatherandgrow.us/ Family Inc: https://courses.familyteams.com/familyinc --- Hi, welcome to the Family Teams podcast! Our goal here is to help your family become a multigenerational team on mission by providing you with Biblically rooted concepts, tools and rhythms! Your hosts are Jeremy Pryor and Jefferson Bethke. Make sure to subscribe on Apple, Spotify, or YouTube so you don't miss out on future episodes!

Jeremy is joined by his daughter Sydney Parshall (no longer Pryor!) to discuss why the left/right divide actually exists, and where each side is truly coming from so we can stop being "shocked that we're shocked" by one another. There are deep implications about politics, worldview, and government, depending on what side you find yourself, because the underpinnings of each are based on radically different ideas of the world. So, is the right immoral and the left stupid? Or is there more to it? Find out in today's episode! On this episode, we talk about: 0:00 Intro 2:00 What is the left and right...really? 8:23 How Christian Theology Impacts Your Worldview 15:00 Is Human Nature A Blank Slate? 18:49 Trade-offs vs Solutions 24:57 Why Does The Left Think The Right Is Immoral? And Why Does The Right Think The Left Is Stupid? 30:35 The Problem When You Believe Solutions Exist To Impossible Problems Resources Mentioned: The Eternal Battle Between the Left and the Right: https://www.youtube.com/watch?v=vDqxvoGeZ8M Conflict of Vision by Thomas Sowell: https://www.amazon.com/dp/0465002056/ Family Inc: https://courses.familyteams.com/familyinc --- Subscribe on Substack ➡️ https://jeremypryor.substack.com Follow Jeremy on: Instagram: https://instagram.com/jeremympryor/ X: https://x.com/jeremympryor/ --- Welcome to Jeremy Pryor's Podcast, or what I like to call, "Jeremy Pryor Unfiltered." We are excited to bring you seasons of content all the way from Tolkien to Theology, from Business to Family. If you like to contemplate deep philosophical ideas across a wide range of topics, you've come to the right place. Make sure to subscribe on Apple, Spotify, or YouTube so you don't miss out on future episodes!

Jeremy and his daughter Sydney discuss the implications of AI, especially how we should think about it as Christians. It seems that we need a very clear theology of technology to deal with this before it's too late. If you're not thinking about this yet, we hope this podcast gets you started, because we may not have much time. On this episode, we talk about: 0:00 Intro 1:29 What is AI, REALLY? 11:23 Why How We Define AI Is So Important 17:55 Atheist vs. Theist Split on AI? 27:30 Do We Need To Approach AI With An Amish Mindset? 30:27 The Need for a Theology of Technology Subscribe on Substack ➡️ https://jeremypryor.substack.com Follow Jeremy on Instagram and Twitter. Resources Mentioned: Yuval Noah Harari on AI: https://www.youtube.com/watch?v=eNVtYPgJ6b0 Mustafa Suleyman TED Talk on AI: https://www.youtube.com/watch?v=KKNCiRWd_j0 Family Inc: https://courses.familyteams.com/familyinc --- Welcome to Jeremy Pryor's Podcast, or what I like to call, "Jeremy Pryor Unfiltered." We are excited to bring you seasons of content all the way from Tolkien to Theology, from Business to Family. If you like to contemplate deep philosophical ideas across a wide range of topics, you've come to the right place. Make sure to subscribe on Apple, Spotify, or YouTube so you don't miss out on future episodes!

Send us a textIn this episode of the L3 Leadership Podcast, host Doug Smith interviews Jeremy Pryor, founder of Family Teams. They discuss the influence of the traditional fairy tale 'Jack and the Beanstalk,' offering surprising insights into business and asset building. Jeremy explains the concept of Family Inc., which guides families in creating businesses to secure financial and relational freedom.The conversation explores how to raise and manage a large, multigenerational family, focusing on integrating family members into collective business ventures. Various success stories from the program highlight the efficacy of this approach, and Jeremy offers practical advice for families looking to start their own journey towards financial independence within a multigenerational framework. The episode also emphasizes the importance of transferring family assets and wisdom across generations to ensure continued prosperity.00:00 Welcome to the L3 Leadership Podcast00:25 Introducing Jeremy Pryor and Family Teams00:49 Sponsor Message: Andocia Marketing Solutions01:56 Diving into the Conversation with Jeremy Pryor02:46 Jack and the Beanstalk: The Greatest Business Book06:49 The Concept of Family Inc.07:29 The Importance of Family Integration15:27 Historical Context and Asset Building25:44 Scaling a Pool Service Business26:20 Opportunities in the Pickleball Industry28:18 The Importance of Multi-Generational Families31:22 Biblical Foundations of Family Mission33:03 Raising the Next Generation of Leaders45:10 Practical Tips for Large Families48:58 Conclusion and Final ThoughtsJeremy's books 'Family Revision', '31 Creative Ways to Build Your Family Team', and 'Father's Compass' are available for purchase:https://www.amazon.com/stores/Jeremy-Pryor/author/B07ZFVX5QB?The L3 Leadership Podcast is sponsored by Andocia Marketing Solutions. Andocia exists to bring leaders' visions to life. Visit https://andocia.com to learn more.To find more leadership resources and helpful content for your leadership journey, check out our website at https://l3leadership.org/ today.

Doug McCormick is a Co-Founder and Managing Partner at HCI Equity Partners and oversees the origination, management and development of the firm's investments. Mr. McCormick joined the HCI team in 1999 and has served as a Managing Partner since 2006. HCI Equity Partners is a Lower Middle Market Private Equity Firm that targets growth-oriented, independently owned manufacturing, service and distribution companies. The company aims to deploy $15 to $75 million per investment either upfront or over time. The firm is headquartered in Washington, DC. Doug received his Master of Business Administration from Harvard Business School and his Bachelor of Science in Economics from the U.S. Military Academy at West Point. Mr. McCormick previously served as a Captain in the U.S. Army's 25th Infantry Division, receiving numerous awards for performance and achievement. In this episode, we'll discuss: HCI Equity Partners' innovative investment strategy and its impact on business growth The importance of leveraging the operations team to improve the portfolio Doug McCormick's military background and the differences between leading in the service and business How owners considering selling should vet their private equity partner HCI's three-pronged approach for transforming companies into industry leaders Short-term and long-term trends accelerated by the pandemic and their implications for businesses Applicable lessons learned from Doug's career His personal finance book Family Inc.

Holidays are an amazing time to connect with family and escape the crazy demands.Kristen started her non-profit after experiencing an incredibly hard time providing for her 4 kids.  After getting through that season of her life, she dedicated her life to helping others in the same situation. Today, through her Rise organizations she is helping 100s of families get on their feet and impacting 100s of kids find a positive identity through her Rise Athletics program!

Follow us on Facebook and Instagram @familyteams Learn more about Family Inc. https://courses.familyteams.com/familyinc Hi, welcome to the Family Teams podcast! Our goal here is to help your family become a multigenerational team on mission by providing you with Biblically rooted concepts, tools and rhythms! Your hosts are Jeremy Pryor and Jefferson Bethke and we can't wait to chat all things family Visit the Freedom Families podcast https://podcasts.apple.com/us/podcast/freedom-families/id1562523490

Elliot Greenberg is the CEO of Greenberg & Family Inc and CEO of Coffee Commercial Development.  Elliot talks about growing his franchise coffee business Sweetwaters Coffee and Tea after opening during the middle of the pandemic.  Today Elliot and his team are growing their business through an innovative commercial real estate company that is building more Sweetwaters Coffee and Tea locations while providing investors major returns through their real estate investment model.  

Doug McCormick is a Managing Partner and Co-Founder of HCI Equity Partners, a lower middle market private equity firm focused on partnering with family and founder owned manufacturing, service and distribution companies. Doug has been an active investor in numerous markets to include aerospace, defense, distribution, food services, packaging, manufacturing, outsourced business services, transportation and logistics. He currently serves on the board of AmercareRoyal, Echelon Supply & Service and Pacific Defense and serves as board chair for Consolidated Hospitality Supplies, MSI Express, SDS Rx and Tech24.  Doug actively supports the veteran community as the Chairman of Team Red, White and Blue. He is also a member of the board of trustees and Chair of the investment committee for the National Endowment for Financial Education (NEFE); a board member of The Heritage Group, founding member of Capital For Children, and a 2011 Henry Crown Fellow. Doug is the author of Family Inc. and uses this content to empower others with financial literacy skills, with an emphasis on the veteran community. His work and recommendations regarding investing and personal finance topics have been cited or featured by leading media outlets such as The Wall Street Journal, The NY Times, USA Today, CNBC, PBS, NPR, TIME, Investor's Business Daily, Fast Company, The Larry Kudlow Show, Huffington Post, Motley Fool, The Art of Manliness and others. Before founding HCI Equity, Doug was a Managing Partner at Thayer Hidden Creek and Thayer Capital and worked in the Investment Banking Division of Morgan Stanley & Co. He also served as a Captain in the U.S. Army's 25th Infantry Division. Doug received his Master of Business Administration from Harvard Business School and his Bachelor of Science in Economics from the U.S. Military Academy at West Point, where he served as First Captain of the Corps of Cadets and Captain of the Army Wrestling team.

We are very excited to welcome Jeremy Pryor back on the show to talk about a brand-new project. A project the Pryors and Bethkes have been working hard on for the past 8 months is finally here: Family Inc. Through Family Inc, the Pryors and Bethkes want to help you build a business with your family and for your family.  Starting in July, they will begin helping 30 families discover, launch and scale their first family business as a TEAM.  Change your family's life for generations - Listen in on E.J. and Jeremy's conversation!  Family Revision | Jeremy PryorMotherhood: Refined | April PryorAbraham's Wallet | Steven Manuel1. PREPARE YOUR TEAM: We walk you through the major mindset shifts that prepare you for the journey ahead. 2. CHOOSE YOUR TARGET: No business idea? No problem! We give you the tools to discover, evaluate and choose the right idea for your goals and the unique gifts in your family team.3. LAUNCH YOUR BUSINESS: We walk you through all the legal, financial and branding details of getting your new business off the ground and ready to take off.4. GROW YOUR REVENUE: Our mantra in this stage is first survive then thrive. The first few months of any new business are critical. We need momentum. We'll coach you through the repeated actions that get money flowing into your new baby business.5. UPGRADE YOUR SYSTEMS: Now that things are moving it's time to optimize. We want your business running like a well-oiled machine. There are operating systems that are tried and tested to make sure you can deliver value while freeing up more of your time.6. INTEGRATE YOUR FAMILY: When you're busy running a new business how does this help you spend more time together as a family? One word: Integration. We step you through the creative ideas that only business owners can try that will help bring your family closer together as you build your new asset.7. SECURE YOUR LEGACY: A successful business is only one part in building a legacy that will bless your family for generations. How do you invest the money you're making? How do you prepare your kids and future grandkids to steward the family assets? We'll give you the tools to make sure your multigenerational family will get the most out of business ownership.To be one of the last six families to join us, head over to https://courses.familyteams.com/familyinchttps://www.amazon.com/Thou-Shall-Prosper-Commandments-Making/dp/0470485884

In another round of Candid Cardboard, Nick shares his first impressions of the following board games:0:43 - Caesar!: Seize Rome in 20 Minutes!6:33 - Kemet: Blood & Sand — Book of the Dead Expansion10:29 - So Clover12:35 - Family Inc.14:45 - Coloma19:27 - Sheepy Time22:20 - Merv: The Heart of the Silk Road25:44 - Ark NovaSubscribe to the Bitewing Games NewsletterCheck out our upcoming game, Trailblazers

Bishop Hannington

Carman Cook-Campbell is the Chief Executive Officer at Better Family, Inc and is our Guest on this episode of the Invention Stories Podcast. 

Imagine having an annual review with your mother, or assigning roles like COO to your child. Perhaps you've never considered having a weekly family meeting with a set agenda, or a 12 part core value charter for you all to live by? [audio mp3="https://media.radiocms.net/uploads/2021/07/26122515/Rita_Family_2607.mp3"][/audio] This might sound more like Family Inc. than a family, but for Rita Chowdry, it's how she's been raising her kids for eight years now. The business coach and founder of Savran , realised that families are just like teams in businesses and should be treated the same way.   View this post on Instagram   A post shared by Savran Ltd (@savranltd) Speaking to Dermot and Dave, Rita explained what's on her charter, how it works for her family and why she thinks every family should be doing the same thing. Catch the chat by clicking play above.

Building wealth in the black community has been a challenge because of systemic racism. A group called the Collective is working to generating wealth within the Black community and for neighborhoods victimized by systemic racism. I speak with Sandra Dungee Glenn Founder/CEO, The Collective, a group of Black real estate developers, investment professionals and policy experts advancing social impact development in Philadelphia. https://www.thecollectivephl.com/ We'll talk about preserving Black Doctors Row in Philly with Deborah Gary Society to Preserve Philadelphia African American Assets.https://m.facebook.com/Society-to-Preserve-Philadelphia-African-American-Assets-103770355111783/First I chat with Kofi Asante, Producer and artist Director of Philadelphia Juneteenth Family Inc. which is hosting a series of events leading up to Juneteenth. https://www.facebook.com/PhilaJuneteenthFamilyInc/

Mompreneur and Grandmother Carman Cook-Campbell is the founder and CEO of Swabbies Tech, Inc dba Better Family, Inc. and has 28 years of sales experience with Verizon, T-Mobile, AT&T & Sprint.Carman has also owned and operated several successful marketing firms with a family history of manufacturing and entrepreneurship.In 2010 Carman started developing Swabbies out of necessity in between her busy schedule. Being a single mother of three children and now a grandmother, she experienced years of diaper changes andwrangling squirming babies. She was desperate for a free and clean hand at the end of diaper changes.This is what inspired her to create an herbal, pure, and organic diaper cream combined with a no mess, one-handed disposable diaper cream applicator.The patented design of the applicator is such that it can be applied with one hand. Not only will Swabbies allow for one hand to remain free, but its design also reduces and almost eliminates any messy applications. Because the sponge applicator is a part of the original design, the personadministering the treatment will not need to put any of the cream on their hands, unlike all other diaper creams on the market. This aspect of the product is most appealing when in a rush, traveling, concernedabout sanitary purposes or on the go. Swabbies is now found at major retailers like Amazon, Buy Buy Baby, and Walmart.In April 2020 amongst the pandemic, Carman acquired two more unique patented baby products, the successful Beebo and its company Better Family, Inc. which made a deal on the popular television show ABC's “Shark Tank”. Then in the fall of 2020 Swabbies Tech, Inc. dba Better Family acquired Drop It Baby. As Better Family went into the new year of 2021 Carman was approached by yet another famous patented baby product Ava The Elephant. Ava was another successful product that appeared and made a deal on the inaugural episode of “Shark Tank”. Carman and her rapidly growing team at Better Family are on track to building the next “Giant Baby Care Business”. The Better Family patented line of products are currently available at Walmart, Amazon, Buy Buy Baby, Bed Bath & Beyond, Burlington, and www.betterfamilyinc.com.https://www.startengine.com/better-fa...https://www.facebook.com/betterfamily...https://www.instagram.com/betterfamil...https://www.linkedin.com/company/bett...https://youtu.be/cQAydEHejj4##About Got Invention Show:Welcome to the Got Invention Show!Listen to inventors interviews sharing their invention story to the world!Are you patent pending?Do you have a prototype to show and demonstrate?Are you looking to earn royalties from your invention?Are you looking for a manufacturer?Do you want to raise money or find an investor?Do you want to sell your invention?Learn from other inventors or let's see and hear about your big invention idea! Show & tell us about your invention, have your very own video interview to be proud of!Your video can be used to:Post to your social mediaAdd on your websiteSend to bloggers & editorsPitch to licensees or investorsListen to inventor interviews or sign up: www.gotinventionshow.comYour Host of Got Invention Show, Brian Fried. Brian is the host of Got Invention Radio, with interviews of high profile guests including the U.S. Patent & Trademark Office, Lori Greiner from ABC's Shark Tank, & over 150 individual interviews. www.gotinvention.comBrian connects and guides inventors to earn royalties from their inventions to licensees and brand properties looking for new ideas and intellectual property to expand existing or add to new product lines. www.inventorsmart.comAbout Got Invention Show:Welcome to the Got Invention Show!Listen to inventors interviews sharing their invention story to the world!Are you patent pending?Do you have a prototype to show and demonstrate?Are you looking to earn royalties from your invention?Are you looking for a manufacturer?Do you want to raise money or find an investor?Do you want to sell your invention?Learn from other inventors or let's see and hear about your big invention idea! Show & tell us about your invention, have your very own video interview to be proud of!Your video can be used to:Post to your social mediaAdd on your websiteSend to bloggers & editorsPitch to licensees or investorsListen to inventor interviews or sign up: www.gotinventionshow.comYour Host of Got Invention Show, Brian Fried. Brian is the host of Got Invention Radio, with interviews of high profile guests including the U.S. Patent & Trademark Office, Lori Greiner from ABC's Shark Tank, & over 150 individual interviews. www.gotinvention.comBrian connects and guides inventors to earn royalties from their inventions to licensees and brand properties looking for new ideas and intellectual property to expand existing or add to new product lines. www.inventorsmart.com

I’m busy buying, selling, refinancing, raising capital, and coaching, but I want to give you an inside look into my current deal flow process. I love watching other investors raise capital because it gives you a chance to see inside their decision-making process, and I want you to see inside mine.

On this week's episode, hear from Monica Cline with It Takes A Family Inc. Monica shares about how to reclaim parenthood and helps parents learn how to engage in healthy conversations with their children surrounding important issues like sex education and more. I learned a lot and hope you will too!  Subscribe to hear from more individuals who are being bold for things that truly matter. 

We let the whole record roll on this podcast as we talk about family, technology for helping families, books, and a possible A Fly On The Call bookclub. Enjoy the longer than normal episode. --- For more information on the podcasts: http://aflyonthecall.com/ For more information on the hosts: Monique Mills https://www.linkedin.com/in/moniquemills/ https://twitter.com/MoniqMills Adam Gautsch https://www.linkedin.com/in/adamgautsch/ https://twitter.com/agautsc

Today we speak with Douglas McCormick, co-founder and managing partner of private equity firm HCI Equity Partners and the author of Family Inc.: Using Business Principles to Maximize Your Family's Wealth. Doug's had a tremendous career in finance and investing, and you'd be interested to know he's a Westpoint graduate and served as Captain in the Army's 25th infantry. He uses his expertise to empower others with financial literacy skills with an emphasis on the veteran community. And that's why he's on our program. Financial literacy is a very important topic—basic education in this area can make the difference in long-term success for a family. We don't teach each other practical finance, it's nearly impossible to find it in school curriculum. Everyone should know how interest works: for mortgages, credit cards, and especially the high costs of education. And that's only one side of it: to simply know the power of compounding and the value of saving just a little bit consistently early on in life is often the difference between a comfortable retirement and not. Doug's book can be challenging—he writes it without condescending to the reader, using real economic and financial principles, yet aimed directly at the family. I urge you—with your children, your grandchildren and with yourselves, because it's never too late to learn—to educate yourself about how money works. Enjoy this episode, and if you know someone who could benefit from it, make sure you share.

Your labor assets (your salary + future potential salary) might be your most important financial asset. Doug McCormick, the author of Family Inc., joins the show and explains how the CFO of your family should manage financial decisions, from labor decisions to estate planning. Are you the CFO of your family? Do you know how to take a big picture view of your family’s assets? Doug McCormick takes a holistic view that includes all aspects of family finances, including your labor asset – how much you can earn. The key is to think big, identify all your assets, and make sure that they work together. Does your family need a trust? Trusts date back to medieval England and the Crusades when knights entrusted the priests of the church to take care of their property while they were gone. The idea behind the creation of a trust is to depend on someone else to look after your property with your best interest in mind. Listen to learn about the different personalities involved in setting up a trust: the settler and the trustee. Benefits of having a trust include avoiding probate. Trusts also maintain privacy and can make things easier. To learn more about Doug McCormick visit FamilyInc.com or follow him on Twitter @doug_mccormick. You can also read his book Family Inc.. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

This week’s Misfit Entrepreneurs are Adam and Kerry Anderson. Adam and Kerry are at the forefront of helping with one of the biggest challenges entrepreneurs’ face - how to create a successful relationship with your spouse and family while devoting yourself to and building a business. In fact, their business is called Whole Life Entrepreneurship, because that is what it takes to succeed on all these fronts, a whole life approach. Adam and Kerry help entrepreneurs and their families work through the side of entrepreneurship and family relationships that most don’t want to talk about or deal with that eventually causes major issues in their lives. In fact, they started Whole Life Entrepreneurship because they went through major challenges with Adam building his global business and eventually selling it. Everything looked good on the surface, but it really wasn’t. Their journey to regain their relationship and learn to thrive as an entrepreneur family is full of amazing lessons that I can’t wait for them to share with you. www.WLEMission.com ​​ The journey for Adam and Kerry started when Adam was building an amazing company that he was desperately in love with. And unbeknownst to him, at the end of the day, it was causing a number of ripples across his life that he wasn’t aware of until he and Kerry reached a breaking point. He didn’t realize that he had been a whirlwind of destruction. His years of building the business took him away from the business. This focus on the business created anger and resentment with Kerry. The business was the sun and the other things, like family, revolved around it. Their marriage began to fall apart. Adam was traveling a lot and they couldn’t work on themselves until Adam had a breaking point and after a few years of working deeply on themselves together, they made their ways through and created the life they really wanted. What was the darkest point of your journey that you had to overcome and what kept you together through all of this? Things were spread out. There was a time Kerry was ready to leave and had a plan (which is a bad sign). She had a friend take her to task and call her out. It was jarring to have someone ask her, “Are you sure you don’t have something to do with this? Kerry realized that the hateful, bitter person she had become was on her and she needed to do self-work. Kerry realized, she may not be able to change Adam, but she could change herself. After a couple of years of working on herself. Then one night, Adam got a little out of control drinking and Kerry got a call from a cop that told her if she came and got him, he wouldn’t got to jail. The fact that she showed up and helped – not scream or get angry, was a turning point for Adam. He was a successful entrepreneur and had begun to believe his own hype on his success and thought he was invincible. He was wrong and it was a big reality check. They both decided that if there was a problem in the family, that they both start with self-reflection, instead of blaming. They were not going to be victims of each other. When you are the problem – you are the solution. They decided to be “All in” together. What is Whole Life Entrepreneurship? A community that is built around encouraging, supporting, and holding people accountable to building a life of success without regrets that is powered by business and directed by the family. You are called to make an impact through entrepreneurship, but it cannot be done alone. You have to look at how you measure success and make sure you do so holistically in your life. What are the different challenges that entrepreneur families face? It’s almost like a military family. You have risky lives. You are expected to get up and take action as an entrepreneur and family. There is no “base” to live on, you are more alone. Entrepreneurial lifestyle for many is “Alone, Stressed, and Scared.” You don’t’ have predictability, you have financials strain; entrepreneurship is a high impact, high burnout occupation. And many times, everything on the outside looks good, but on the inside you are screaming and that comes home if you are not intention with dealing with it. What are the things entrepreneurs should be sharing with their family? If you are not on the same page with your spouse, it is very difficult to succeed. You have to share the vision and build your business and family goals together. Do a standing “Family Business Meeting” every week. Talk about time – sync calendars Talk about money Talk about home, family, the kids Tell each other what you need help with and ask for help What should the spouse or significant other be sharing with the entrepreneur? You need to break down the walls between your roles. You have to discuss how to share lives. Ask them how you can help them. Remember, you as the spouse are responsible for the same things that the entrepreneur is. If they were gone tomorrow, you are on the hook for everything they are. You have have to be an active participant and take responsibility. At the 23 minute mark, Adam and Kerry talk about the board of directors for Family Inc. Adam is the Chief Energy Officer Kerry is the Chief Family Officer What are the 3 C’s? Chill: How do you learn to connect with yourself again and love yourself. It’s all about rediscovering yourself and bringing it to your partner so you both can fill each other up. Communication: All of the skills necessary to make Chill happen without killing each other. Community: How do you get a group together to support you when you get tired and keep you going. If an entrepreneur wants to implement Whole Life Entrepreneurship, where should they start? Check in with your mindset on what you believe and how you are showing up. Adam and Kerry have assessments that you can use to see where you are. You can join Adam and Kerry’s community Kerry has written a great book, In Bed with Business. Dip your toe and don’t go full in all at once, take your time. Kerry, what are a few of the biggest takeaways from your book that could share with us? Awareness. You’re lifestyle is unique and you are feeling alone and others can’t relate – you have probably outgrown your current community. You need to get one that reflects where you are now. There is a huge iceberg of the entrepreneur’s life under the water. And you don’t see it. There is so much going on to build, create, and maintain a business that most don’t understand unless they do it. Be careful throwing shade on someone if you don’t know what that is lie. Tell us about A.S.S. Alone - Entrepreneur life can be lonely, but it can be just lonely or more for the spouse. The isolation is very important to understand and work through. Stressed – Make no mistake, entrepreneurship is and can be stressful. If you don’t open yourself up and work through the stress together, it is much higher. Scared – Entrepreneurship is a riskier lifestyle and it does have times of fear and scared times. What is the one thing someone can do today to get on the right path? Forgive yourself. Then give yourself the permission to take the next steps.   Best Quote: "If you are not on the same page with your spouse, it is very difficult to succeed. You have to share the vision and build your business and family goals together."   Adam and Kerry's Misfit 3: 1:  Adam: Take care of yourself. 1:  Kerry: ​Let it go. Stop blaming. Learn to let it go. You cannot move forward carrying the burden. 2:  Adam: Take care of others. ​ 2:  Kerry: ​Look up from what you are doing. Look at how you show up and how you are working with those around you 3:  Adam: Change the world. 3:  Kerry: Be willing to share and be authentically yourself for you person, yourself, your people, and your business. Show Sponsors: Blinkist - www.Blinkist.com/Misfit Smile - www.TextExpander.com/podcast  

As speculation spreads over the potential mid-season replacement of Atlanta Falcons coach Dan Quinn, we get an update on all things happening in Atlanta Sports. On Second Thought speaks with Jon Nelson, host and correspondent for GPB's Football Friday , and Taylor Gantt, GPB's Morning Edition producer to hear about the Atlanta Falcons, Hawks and Atlanta United.

Louie made the leap towards entrepreneurship and started his own firm in January of 2016. Louie's firm primarily works with individuals and small to medium sized business owners nationwide, where he helps business owners and individuals get in control of their finances and taxes. Louie has been able to utilize social media to build his business and is now starting to teach aspiring business owners and entrepreneurs how to build and grow their own business. Louie has 6 years of experience working as an accountant in both the public and private sector. Louie resides in Bellflower, CA, with his wife, Miranda, and his three dogs. In his free time he coaches the JV football team at Valley Christian High School, in Cerritos, CA. Feel free to reach out to me here on LinkedIn or at 714-440-4839.

In this episode, I talk with Doug McCormick about his book, "Family Inc." We also talk about how to build personal financial wealth, the best way to pick a financial planner, and much more. The post Ideas: Doug McCormick — Family Inc.: Using Business Principles to Maximize Your Family’s Wealth appeared first on Adam Kirk Smith.

This week Father of Nine shares his experience with running a family like a business. He discusses family mission statements, meetings and more. Find out how you can use these tools to better your family life.

Douglas McCormick is the creator of familyinc.com and author of the book, Family Inc., which educates families on financial literacy. Today, Doug will share how your family can move forward with a Family CFO.  More at www.bemovingforward.com. Follow us on Facebook, Twitter, LinkedIn @Bemovingforward The Corporate Cliches Adult Coloring Book is available on Amazon and Barnes & Noble online: Just go to Bit.ly/corporatecliches

Family Inc. A Roadmap To Financial Security With Doug McCormick http://becomingyourbest.com See acast.com/privacy for privacy and opt-out information.

Overwhelmed by paying down debt, saving for emergencies, and investing for retirement? Learn how to prioritize where your money should go to maximize returns! How's this year going for you? For us, it's pretty good. We made some big goals at the beginning of the year including saving up to finish our basement, planning a family trip outside the country, and paying down our mortgage faster. If you're trying to tackle several goals at once, you probably understand how slow progress feels sometimes.  Today financial advisor and Family Inc author Doug McCormick and I chat about how to prioritize your goals.  Hope you enjoy!  Resources to Define Your Priorities and Big Goals Whether it’s a joint or personal goal, there are handy resources available to help you two achieve your dreams. What is It Like to Be Married to a Financial Planner?  How Our Financial Goals Followed Our Family What’s Your One Page Financial Plan? Jumpstart Your Marriage and Money Course Want to give your marriage and bank account a boost? Pick up Jumpstart Your Marriage and Money course. Jumpstart focuses on the big wins including earning more. Get LIFETIME access to a four-week course design to help you: Stop fighting about money and create a budget that you BOTH LOVE Automate your money Pay off your debt faster Plus more! You can get lifetime access here! Music Credit Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere and Logan from Music for Makers in this episode.

Doug has a lifetime of experiences that provide the foundation for the framework, principles and tools in Family Inc.    During his professional career, he has served as an active duty Army officer, attended Harvard Business School, worked as an investment banker and a private equity investor and finally became an entrepreneur as co-founder of HCI Equity Partners where he serves as Managing Partner overseeing all aspects of the firm’s strategy, investments and operations.    Get bonus access to more information and bonus content here More ways to get involved If you have found anything useful in this episode, then please leave a comment and rate the show.  If you would like to ask Geoff a question or suggest a topic to cover on the show, please email him at podcast@geoffnicholson.co.uk Get all the latest information about the show at the shows (http://facebook.com/successiqpodcast) and join in on some of the Facebook Lives, it would be lovely to see you there 

We all know that eating better and staying active are necessary components to living well. But what about the other areas of our life that often spill over into our diets and exercise? Things that cause us added stress or even fear such as when we are having trouble with our finances? Today's guest Doug McCormick is going to be our financial personal trainer, teaching us the simplest and most effective tools to use to bring up our economic wellness. Make sure to check out his website here for some amazing financial planning tools and resources to put you on your path to becoming your very own Family Chief Financial Officer. Also, Doug's book Family Inc. can be found here on Amazon. This episode is sponsored by Health IQ. HIQ uses science & data to secure lower rates on life insurance for health conscious people including runners, cyclists, strength trainers, vegans, and more. In fact, 56% of HIQ customers save between 4-33% on their life insurance. Like saving money on your car insurance for being a good driver, Health IQ saves you money on your life insurance for living a health conscious lifestyle. Learn more and get a free quote at www.healthiq.com/efr.

Looking for the best ways to build a strong financial future for yourself and your family? Have you considered managing your family finances like a business? Host Jordan Goodman talks with Doug McCormick about why McCormick advises families to manage their finances like a business and what that looks and feels like. McCormick is a big proponent of developing your financial self worth so that you can develop your financial future. Goodman and McCormick talk about the major ideas from McCormick's book, Family Inc, and why McCormick is such a strong advocate for his system of family money management. McCormick believes that family financial security is the culmination of a lifetime of better financial decisions.

Looking for the best ways to build a strong financial future for yourself and your family? Have you considered managing your family finances like a business? Host Jordan Goodman talks with Doug McCormick about why McCormick advises families to manage their finances like a business and what that looks and feels like. McCormick is a big proponent of developing your financial self worth so that you can develop your financial future. Goodman and McCormick talk about the major ideas from McCormick's book, Family Inc, and why McCormick is such a strong advocate for his system of family money management. McCormick believes that family financial security is the culmination of a lifetime of better financial decisions.

200: Bunker Labs Chairman Doug McCormick Doug McCormick has gone from being on active duty, to having an MBA at Harvard, to being an employee at a Wall Street investment bank, to being a private equity investor and finally now as entrepreneur. Here he shares with us the different programs and opportunities they have for veterans at Bunker Labs. Tune in! "The vision of Bunker Labs is that every veteran in America has access to the community, the network, and the resources to realize their entrepreneurial potential." - Doug McCormick From the Military to Finance Doug graduated from the U.S. Military Academy at West Point with a degree in BS Economics. He graduated at the top of his class while serving as First Captain and Co-Captain of the Army Wrestling team. His career in the military ultimately led him to serve in Hawaii. In the mid-90's, he got out and went to pursue an MBA at Harvard. And for two decades now, he's worked as a professional investor who manages money for institutional clients. Bunker Labs is among the companies he became a part of and is enabling him to stay connected with the veteran community. The Bunker Labs Community for Veterans At Bunker Labs, they provide veterans with a space and opportunity to explore their potential in entrepreneurship. For this, they try to create a collaborative environment where veterans could freely grow their network and learn from various educational resources. Challenges for the Military in Transition Many veterans are becoming interested in entrepreneurship. There are typically two challenges they face in the transition: (1) having limited resources to start with, and (2) having a less developed network that could help open doors of opportunity for them.         To hear from Doug McCormick and learn about the work that they are doing at Bunker Labs, download and listen to this episode. Don’t forget to leave us a 5-star rating and review if you enjoyed the show. We would love to hear from you! Check out these links from Doug McCormick: Family Inc. book Transitions 2.0 book Download Joe Crane’s Top 7 Paths to Freedom or get it on your mobile device. Text VETERAN to 38470. Guest Bio Doug McCormick Doug McCormick is a professional investor, army veteran, entrepreneur, and now author of Family Inc.: Using Business Principles to Maximize Your Family's Wealth. Not your typical money manager, he partners with families and entrepreneurs to build and grow their businesses in order to create long-term value. Join the Veteran on the Move on Facebook! Check out Veteran on the Move on Facebook to connect with our guests! It’s also a great place where you can stay in touch with other veterans who are transitioning to entrepreneurship, and get updates and free gouge on the people programs and resources to help you in your transition to entrepreneurship. The Veteran On the Move podcast has published over 150 episodes giving listeners the opportunity to hear in-depth interviews conducted by host Joe Crane featuring the people, programs and resources to assist veterans in their transition to entrepreneurship: Marine Corps, Army, Navy, Air Force and Coast Guard veterans, DOD, entrepreneurship, business, success, military spouse, transition, education, programs and resources.  Veteran On the Move has garnered over 500,000 listens verified through Stitcher Radio, Sound Cloud, Itunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.  

Will Meade is a writer, director, producer and freelance media consultant. He spoke about his experiences within the industry, and how it was to direct his movie "Family Inc." that won the "Most Outrageous Film" award at Orlando Film Festival. Check his movie out on Vimeo! Music credit: "Want You Back" and "The Wire" by Haim

  My guest in this episode is Doug McCormick. Doug has a lifetime of experiences that provide the foundation for the framework, principles and tools in Family Inc. As a professional investor, he has spent two decades creating value for institutional investors by partnering with families and entrepreneurs to build and grow their businesses to create sustainable long-term value. The lessons in Family Inc. reflect his own journey to achieving financial independence which began at the age of seven, when his Dad helped him purchase AT&T stock. During his professional career, he has been an active duty Army officer, a Harvard Business School student, an investment banker, a private equity investor and finally entrepreneur as co-founder of HCI Equity Partners. His writings and recommendations about financial literacy and veteran causes have been cited or featured by major media outlets to include The NY Times, Wall Street Journal, USA Today, CNBC, TIME, PBS, NPR, Investor’s Business Daily, Fast Company, American Association of Individual Investors, The Larry Kudlow Show, Stars & Stripes, Home and Family Finance Radio, Military.com and The Motley Fool. Interview Links: Family Inc. Family Inc Website If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us! Please Support Us by Becoming A Patron on Patreon Support Our Sponsors Cashflow Tactics, will show you how to collapse time in your financial plan and become financially in 10 years or less. You can register for a free webinar to show you exactly how to do that at: https://cashflowtactics.com/ninja Gelt Inc.,  is committed to providing investors with quality, cash-flowing investment opportunities and is seeking to acquire multifamily, retail, and mobile home park properties in the Western United States with an emphasis in California, Utah, Nevada, Arizona, Colorado, and Oregon. www.geltinc.com The Real Asset Investor, create value for investors looking for higher yield returns from real estate ventures domestically and also internationally and other real asset classes such as ATM's. www.therealassetinvestor.com Joint Ops Properties, have designed a system to take any beginner to an experienced deal making investor in the least amount of time, offering opportunities from basic education, coaching, bridge investing to turn-key investments in the cash flowing market of St. Louis, MO. www.jointopsproperties.com Norada Real Estate helps take the guesswork out of real estate investing.  By researching top real estate growth markets and structuring complete turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability. www.noradarealestate.com Valhalla Wealth Financial, reclaim the banking function within your own life with the premier strategies of the Wealthy. www.valhallawealth.com Audible, download any audio book for FREE when you try Audible for 30 days www.cashflowninjabook.com Thanks so much for joining me again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and Instagram, @cashflowninjapodcast. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher

Doug McCormick is a Managing Partner and Co-Founder of HCI Equity Partners. Mr. McCormick has been an active investor in numerous markets to include aerospace, defense, distribution, food services, packaging, manufacturing and outsourced business services. He currently serves as Chairman of the Board for AmercareRoyal and Summit Interconnect and as a board member of Naumann/Hobbs Material Handling, Inc. and Quadel Consulting Corporation. Before founding HCI Equity, Mr. McCormick worked at Thayer Hidden Creek,Thayer Capital and the Investment Banking Division of Morgan Stanley & Co. He also served as a Captain in the U.S. Army’s 25th Infantry Division. As author of Family Inc., Mr. McCormick is committed to empowering others through financial literacy with a focus on the veteran community. His writing on financial literacy and veteran economic empowerment have been covered by leading media outlets such as The Wall Street Journal, The NY Times, USA Today, PBS, Time, Fast Company and The Motley Fool. Mr. McCormick serves as the Chairman of the Board for Bunker Labs and a member of the Board of Directors for Team RWB. He is a 2011 Henry Crown Fellow, and a Founding Member of Capital For Children. Mr. McCormick received his Master of Business Administration from Harvard Business School and his Bachelor of Science in Economics from the U.S. Military Academy at West Point. Support the podcast!

Entrepreneurship, Financial Stability and Managing Your Career. As Managing Partner at HCI Equity, Doug oversees all aspects of the firm’s strategy, investments, and operations with his partners. Doug previously served as a Captain in the U.S. Army’s 25th Infantry Division. He graduated top of his class at West Point while serving as Captain of the Army Wrestling team. He also holds an MBA from Harvard Business School. Doug has a lifetime of experiences that provide the foundation for the framework, principles, and tools in his book: “Family Inc.: Using Business Principles to Maximize Your Family’s Wealth.” As a professional investor, he has spent two decades managing money for institutional clients such as insurance companies, pension funds, entrepreneurs and high net worth families. Unlike Wall Street money managers who seek to generate paper profits through passive investing, Doug partners with families and entrepreneurs to build and grow their businesses to create sustainable long-term value. His own journey to achieving financial independence began at the age of seven when his Dad helped him purchase AT&T stock.   If you don’t have time to listen to the entire episode or if you hear something that you like but don’t have time to write it down, be sure to grab your free copy of the Action Plan from this episode-- as well as get access to action plans from EVERY episode-- at JimHarshawJr.com/Action. Let's connect: Website | Facebook | Twitter About Your Host Jim Harshaw My name is Jim Harshaw. And I know where you’re at. You’re working hard and qualified for what you do but you aren’t getting what you want. You have plans on getting to the C-suite or launching a business but ultimate success seems as far away today as ever. You’re at the right place because you can get there from here.  And I can help.  Who I Am I’m a speaker, coach, and former Division I All-American wrestler that helps motivated former athletes reach their full potential by getting clarity on what they really want and taking aggressive action to lead their ideal life not just despite their prior failures but because of them. I’m a husband and father of four. And I’m a serial entrepreneur. I’ve launched multiple successful businesses as well as the obligatory failed one. I’ve been the executive director of a non-profit and have raised millions of dollars. I’ve worked in sales. I’ve even been a Division I head coach. While I was born in a blue-collar home I have spent my life surrounded by Olympians, CEO’s and millionaires. Jim Rohn said, “You are the average of the five people you spend the most time with.” I’ve been lucky. I’ve learned the habits of successful people and guess what. You’re just like them. I know because I know your type. You’re programmed for hard work, which is a prerequisite for success, but you’ve never been shown how to use what you know to create the life you want with the tools you have. I will show you how. Why You are Here You've worked hard to achieve greatness. You’ve set goals and maybe even set records. You’ve definitely failed and you’ve at some point found yourself questioning if you were on the right track. You need to understand this: You are far more prepared to succeed than those who’ve not tried, competed, struggled and overcome like you have. That’s the value of your education as someone who aims high. You are prepared to be as successful as your wildest dreams will allow. Here I will teach you, with the help of brilliant minds that have been shaped by failure, struggle, and adversity, to be who you want to be. I sense that you want this because you have read this far. To take the next step today, click here. FOLLOW JIM Website | Facebook | Twitter

In the latest SC Featured special, LaVar Ball sits down with Scoop Jackson and details his plan of making his three sons, Lonzo, LaMelo and LiAngelo, basketball superstars.

Learn how to run your family finances like a Chief Financial Officer (CFO). Interview with author of Family Inc., Doug McCormick.

Developing financial independence and creating wealth in your career.   For resources from the podcast, check out SuccessVets.com. Douglas McCormick graduated from West Point and was a Captain in the United States Army. After leaving the military he got his MBA from Harvard Business School and today he is a co-founder and managing partner at HCI Equity, as well as a board member of Team Red White and Blue. In this interview we talk about the principles in his book, Family Inc., on how to use business principles to maximize your family’s wealth.

Douglas McCormick joins us to talk about his book, Family Inc., and the benefits of applying business principles to your own family finances. We’ll also answer your question about after-tax 401k contributions, share some listener feedback, and then exchange anniversary gifts (Warning: We get a little self-indulgent).

My guest today on the show argues that in order to get a big picture view of your finances, you need to start looking at your family as a business and yourself as the Chief Financial Officer of Family Inc. His name is Doug McCormick and he’s a professional investor and the author of "Family Inc.: Using Business Principles to Maximize Your Family’s Wealth." Today on the show, Doug and I discuss the two types of assets you’re managing as the CFO of your family, and the business principles you can apply in your family "enterprise" to help them grow. We also discuss the metrics that corporate CFOs use to determine the health of a company and how you can use the same ones to measure the health of your family’s finances.

Douglas McCormick is the author of the new book Family Inc.: Using Business Principles to Maximize Your Family's Wealth. In the book, he provides a roadmap to financial security for families with the premise that your family should be run like a BUSINESS. Doug has spent two decades managing money for institutional clients like insurance companies, pension funds, entrepreneurs and high net-worth families. He's helped them grow their businesses to create sustainable long-term value. He's also currently a Managing Partner at HCI Equity, which he also co-founded. Douglas shares why he thinks every family needs a chief financial officer or CFO. And who is best to play this role? With news of UK's vote for Brexit, what does he think that'll mean for our investment portfolios? Plus, the gift he gives his kids every Christmas to help them learn about the financial world. For more information visit www.somoneypodcast.com. 

Companies use their assets to create profit. Douglas McCormick author of Family Inc. explains why families should do the same. See acast.com/privacy for privacy and opt-out information.

Season two of Listen Money Matters has officially reached 100 episodes. Thomas and Andrew have learned so much from each other and from the excellent guests we’ve had on the show. Today the guys discuss the top 10 things they have learned in 100 episodes this season. Andrew’s Lessons Having routine changes everything. Andrew learned the power of habit and made better use of his time. Having a routine has done wonders for his productivity and has actively and consciously built himself a daily routine so he can achieve more throughout that day. #gettingshitdone. Allison’s real estate investment strategy rocks. This episode caused a significant mindset shift for Andrew on how he approached wealth building. Allison inspired and opened his eyes to how easy it is to get into real estate investing. She was an excellent example of a typical family creating passive income through hard work and time. Real estate investing isn’t that hard. On a similar vain, this episode further educated Andrew on how the whole process works. He learned how hands off real estate investing could be making it a great passive income stream. Take the emotion out of money. Joan Sotkin was one of our favorite guests on the show, and her interview came just in time. Andrew was so caught up with work and was being driven by anxiety. He as approaching a burnout again and Joan was able to help him find balance. She taught him to stop worrying so much about money and focus more on healthy relationships and being in good physical health. Turn your family into a business. Great episode! Natali Morris was very inspiring and had some great advice on how to grow your family’s wealth. Since that episode, Andrew has taken the business more seriously and reduced our families costs by utilizing business write-offs. She also introduced us to the self-directed IRAs. Thomas’ Lessons The importance of Delegating Work. This was not part of an episode, but since working with Andrew, Thomas has learned to offload some work and hire some help. He was overloading himself but still resistant to the idea of having a team, but after a few of Andrews lectures, Thomas was convinced. He now has a small team, and his business is growing as a result. Investing in yourself is important. Before he started the LMM podcast, Thomas was a set it and forget it mutual funds kind of guy. This season has opened his eyes to different types of investments. One of our latest episodes was with Doug McCormick, author of Family Inc. He talked a lot about labor as one of your most valuable assets. Thomas learned it is super important to invest in yourself and your business. In the end, it could be a much better return on investment. The borrowing against your 401k battle. So, we got our asses handed to us on this one. After the borrowing against your 401k episode aired, Thomas began doing some hardcore research on the subject and learned a ton, but the real lesson for him here was understanding his responsibility as a podcaster. Everyone listening to the show has a different financial situation, so when discussing personal finance topics like this, Learn more about your ad choices. Visit megaphone.fm/adchoices

Growing your wealth is not just about keeping up with your budget and investing some money in the stock market. To achieve financial independence, you need to have a solid plan, and that starts with better decision making.  Today on the show the guys talk to Douglas McCormick- Army veteran, entrepreneur, and author of Family Inc. He teaches us about managing your family finances like a business and how to use business principles to maximize your wealth.  Many Americans of all ages struggle with finances. Douglas wrote Family Inc to provide everyone a straightforward and holistic way to manage their money and build wealth for their future. He wants to empower people to strive for financial independence and give them the education to make the right decisions.  Appoint a CFO:  Like any business, someone needs to be in charge of what is going on financially. Although the whole family will make decisions together, there should be one person who will be in charge of making sure all the money is managed correctly. This person is going to be the family’s Chief Financial Officer, and every family should have one.  They will handle cash flow, risk management, small business investments, education investments, tax planning and most importantly be a teacher. The CFO will use the tools of the business world to customize a family financial plan and actively manage it.  The CFO will use income reports and balance sheets instead of a traditional budget. Budgeting is a useful tool but can sometimes be short sited and distract us from what is paramount. Marking off every penny you spend month after month is pretty tedious and can easily get neglected after a few months.  Douglas believes with budgeting; less is more. You want to focus more high-level expenses like rent and electric and less on tracking packs of gum and coffee shops. If you are ready to ditch budgeting for balance sheets, you can create your own on his site. Value of Labor In Family Inc., Douglas talks about the value of labor and how it is factored into the families net worth. Although we never really think about our labor as a financial asset, the family’s labor (selling skills for money) is a huge asset and it needs to be managed like one. You carry this labor asset with you throughout your life, and you’ll need to maximize it from your first job into retirement. With this value of labor mindset, you can make better choices when it comes to education and career. Higher education is certainly important, but you don’t want to pay for “excess” schooling. Let’s say you want to get your MBA. As chief financial officer, you will need to figure if the skills you’ll acquire can push your career to the next level while still being beneficial to your overall financial goals. Don’t just jump in head first without a clear goal. The value of labor also factors in when deciding on a job offer. We typically focus on the compensation, but you should also consider what about this job can drive more long-term value like developing new skills that can help you earn more in the future. Entrepreneurship “The surest way to financial freedom is entrepreneurship.” Douglas believes that it is unlikely you will create real wealth through traditional employment because of the competition in both the labor and capital markets. Starting your own business does come with some financial risk because there are no guaranteed minimum earnings, but there is no ceiling as well. The nature of employment has changed in the last decade and every year more and more people are moving out of the rat race and taking the leap into entrepreneurship. Besides the tax benefits and being your boss, when you own a small business, Learn more about your ad choices. Visit megaphone.fm/adchoices

Laura interviews Doug McCormick, author of the new book Family Inc. No matter your stage in life, you'll learn how to use business and corporate finance concepts to maximize your personal finances, make the most of your opportunities, and build wealth. Read the full transcript here: http://bit.ly/1sMw4dP