Building Your Money Machine

Are you aiming to hit financial high notes and truly optimize your wealth-building journey in 2024? It's not just a dream; let's make it your reality! In today's riveting 70-minute episode, I peel back the curtain on the secrets to getting rich, and believe me, it's a game-changer. I share not only the essential principles of wealth accumulation but also the profound personal t...

Ready to enrich your financial knowledge with the top money books that have the power to change your money mindset?  In this episode, I take you through the key books that have shaped my personal financial journey and that of my clients. From investment principles to mindset and psychology of money, I share the impactful takeaways from the 25 top money books I've read.  Get ready to transform...

Are you ready to understand the ins and outs of investment taxes? It's not just about paying up, it's about keeping more in your pocket! In today’s episode, I break down the complexities of investment taxes and how they impact your financial future. I discuss the different types of investment income, how they are taxed, and strategies to minimize your tax liability. From dividends to cap...

Are you feeling lost in the sea of investment options? Want to know the differences between individual stocks, mutual funds, index funds, and ETFs? I've got you covered in this episode. We're breaking down the pros and cons of individual stocks, mutual funds, index funds, and ETFs. You'll discover the benefits of professionally managed mutual funds, the lower fee structure of index...

How can entrepreneurs identify the right moments to seek publicity to maximize the impact on their brand and business? Join us in today's conversation with the incredible Selena Soo as we delve into the transformative role of publicity. We explore how it can be a game-changer, creating opportunities that enrich various aspects of your life. Selena shares her personal journey of transformation...

Is it possible to secure more than just a stable return on your investments? Join me as we dissect the strategies that deliver real, tangible results in the world of investing. Today, we're getting real about investing - not just the glam you hear, but the genuine path to filling up your bank account. I dive deep into where your money can actually work for you, covering everything from the sa...

The decision to invest in a college education carries more weight today than ever before.  With escalating costs and evolving job markets, the question isn't just about getting a degree; it's about making smart financial choices for the future.  In this episode, I tackle the critical aspects of investing in education and the nuances of funding college. It's a deep dive into balancin...

When it comes to IRAs, do you go traditional or do you choose the Roth path? It's a common question, and honestly, both have their benefits and potential drawbacks. In this episode, I break down the complexities of Roth and Traditional IRAs, covering crucial aspects like tax benefits, contribution limitations, early withdrawals, investment options, and more. The aim is to provide you with the...

The journey to financial freedom isn't just about crunching numbers and watching your bank account grow; it's a transformative process that aligns your goals with your money. Join me on this episode as we explore the world of accounting and tax professionals. I'll be sharing how to discern between different types of accountants, ways to find the right fit for your business, and the...

Imagine ending the year not just with a bang, but with a clear blueprint for your finances.  Sounds too good to be true?  Not at all! I'm here to share actionable strategies that will change the way you think about and use your money. We've all been there – swiping the card, not sure where the cash flows.  But here's the thing: being intentional with every dollar is like a power pla...

Today, we're tackling a question that's been coming up quite a bit - the power of HSA accounts.  Now, if you've ever wondered just how impactful they can be for your investments and medical care, stick around, and I'll break it down for you. I'm thrilled to dive into today's episode, addressing a question from Kevin about HSA accounts.  We'll unravel the layers o...

Choosing between high-yield savings accounts and CDs is a big deal when it comes to planning your financial journey.  It's a bit like deciding which road to take on a map—each has its own route, and you want to pick the one that gets you where you want to go most effectively. In this episode, I'll break down the pros and cons of each option, empowering you to make the best decision. We&a...

Have you ever wondered if you're truly living a rich life or one that feels bankrupt on the inside?  Join me in a thought-provoking episode where we dive deep into the meaning of wealth and fulfillment that extends beyond the surface. This isn't your typical episode. I'll be replaying a mentoring session with one of my elite clients, where we delved into the challenges of business,...

The idea of using a Home Equity Line of Credit (HELOC) to pay off your mortgage is an intriguing financial strategy that has gained popularity in recent years. It's often touted as a way to save money on interest and potentially pay off your mortgage faster. But is it the right choice for you? In this episode, I aim to provide a comprehensive and well-rounded perspective on the subject. By do...

With tax rates approaching 40-50% in some states, every dollar saved is significant.  What can you do right now to reduce your tax bill and keep more of your hard-earned money? In this episode, I share a checklist of 10 impactful tax strategies to consider implementing before December 31st. From reviewing your income and expenses to maximizing retirement savings and potentially converting IRAs to...

Are annuities the key to creating wealth and financial security, or are they just another scheme? Get ready as we dive into the world of annuities and uncover the truth behind this controversial financial product. In this episode, I’ll discuss the pros and cons of annuities and the potential pitfalls to watch out for when considering this financial product. We’ll talk about the need for entreprene...

As the year-end is closing in, it's a great time to chat about how to keep more of your hard-earned cash in your pocket. By making some clever money moves before December 31, you can seriously cut down on what you owe when tax season rolls around. In this episode, I’ll guide you through strategic steps to minimize your tax burden. We'll discuss reviewing expenses, verifying classificatio...

Are you considering taking a loan from your 401(k) retirement account?  While it might seem like a quick fix to financial challenges, it's essential to understand the potential consequences. In this episode, I’ll discuss the three most important things you need to know about taking a 401K loan: the automated payment process, the Wealth Priority Ladder, and the potential consequences of not be...

I get it, trying to wrap your head around life insurance can be pretty overwhelming with all the different choices out there. But let's keep it real and break it down. We're going to figure out what you should really be on the lookout for in a life insurance policy and steer clear of some common mistakes. In this episode, I'll break down the different policy options and dispel the m...

When you're just starting out, and you're wondering where to invest your hard-earned cash, what do you do? Individual stocks? Mutual funds? Index ETFs?  It can be overwhelming, I know. In this episode, we're going to simplify your decision-making process and introduce you to a safe and effective way to build wealth - target date index funds. I’m going to walk you through what target...

As many of you might know, I just finished my annual Affluent Entrepreneur Experience. It's a live experience that I do, offering free deep-dive training on the processes, the priorities, and the principles of building a money machine, and how to find your path to financial freedom.  This year, I've noticed a significant amount of fear, uncertainty, and angst among people when it comes t...

As technology continues to reshape the business landscape, entrepreneurs are constantly seeking innovative strategies to stay ahead of the game. This episode offers a deep dive into one such strategy: conversational marketing. I had the pleasure of speaking with Natasha Willis, co-founder of the School of Bots . This fantastic platform has proven to be a game-changer for our business, and I can&ap...

It's not uncommon for family members to have differing views and habits when it comes to finances.  That said, addressing these differences and finding common ground is important for a harmonious family life.  In a recent special episode, I had the privilege of being interviewed by The Good In Media on this very subject, and I'm thrilled to share the insights from that conversation with...

Have you ever felt a deep longing for more in life? More than just the ordinary routine, but a yearning for greater fulfillment, a stronger impact, and yes, even more wealth? We all have dreams and aspirations that go beyond the ordinary, and sometimes it feels like there must be a secret formula to unlock those desires. Well, the answer may lie within the power of personal branding. One person wh...

Setting out on the path to financial freedom and wealth creation involves a sequence of significant moments that shape how we view things, the choices we make, and the steps we take. These moments, often referred to as "tipping points," can change the trajectory of our lives and guide us towards a path of abundance. Recently had the honor of sitting down with Corene Phelps, the fantastic...