Habits of Wealth

In this afterword segment, the host thanks the listeners for reading "Habits of Wealth" and congratulates them for making it to the end. The host then encourages the listeners to reflect on the habits discussed in the book and to share their thoughts. Listeners are asked to identify the most relevant and least relevant habits, express their interest in learning more about certain topics, and offer...

In this episode, we focus on integrating personal and organizational planning to create and preserve wealth through entrepreneurial behavior. While creating wealth is important, it is equally crucial to ensure that it is preserved. To achieve this, we need to thoroughly review and align personal wills and trusts with business documents prepared during the business continuation planning process. Op...

In this episode of "A Strategic Planning Short Course," the focus is on the tactical, or deliverable, phase of strategy planning. Three necessary pieces on the tactical side are discussed: what needs to be done, who will do it, and by when it needs to be completed. The episode also dives into organizational goals, objectives, and measurements. Goals are expressed in two to five brief conceptual se...

In this episode, we explore the importance of strategic planning in business. While business planning focuses on the preparation before going into business or seeking external financing, strategic planning is essential for creating wealth through effective entrepreneurial thinking. Strategic planning formalizes the focus, direction, and expectations of an organization, ensuring success and prevent...

In this fourth episode of the series titled "Giving Scrutiny to Your Business Continuity," the discussion delves into the magic of Split Dollar arrangements and the potential benefits for partners who choose to retire at the same time. The episode explains that if both partners survive until retirement, Partner A can use the earnings within their permanent life insurance policy to make a down paym...

In this episode of "Giving Scrutiny to Your Business Continuity," we dive into the funding alternatives and agreement options for ensuring the smooth continuation of business operations in the event of a partner's death. We explore four funding alternatives, including borrowing, using corporate surplus, term insurance, and permanent life insurance. While borrowing may be challenging and term insur...

In this episode, we continue our series titled "Giving Scrutiny to Your Business Continuity." We start off by discussing the importance of choosing the right insurance company to secure our financial future. With billions of dollars in corporate bonds defaulting in the past and the potential insolvency of major life insurers, it is crucial to conduct thorough research and not rely solely on an ins...

This audio content discusses the importance of having a Business Continuity Agreement in place for business owners. The host shares his personal experience with a trusted insurance agent who helped him with his business and personal planning. The speaker emphasizes the need for proper planning and discusses the different types of agreements available. The audio also highlights the importance of se...

In this episode, we delve into the crucial topic of planning for long-term prosperity. According to expert Paul J. Meyer, lack of progress in achieving our goals can often be attributed to a lack of clearly defined objectives. Therefore, it is essential to prioritize planning right from the beginning of our business careers. Understanding the significance of planning is key to building and maintai...

The Entrepreneur's Credo, published by the American Entrepreneurs Association in 1986, is a powerful statement about the mindset and values of those who choose to participate in free enterprise. It emphasizes the desire for opportunity rather than security, the willingness to take calculated risks, and the refusal to trade freedom for handouts. Entrepreneurs are described as uncommon individuals w...

In this episode of "Futuristic Habit", the host discusses the importance of making choices in life and how it has influenced their own journey towards entrepreneurial success. The host shares that their motivation for writing a book, "Habits of Wealth", was to give back and share their philosophy of entrepreneurship for personal and organizational prosperity. They emphasize that success and achiev...

In this episode, we explore the three levels of joy as described by Father Tom Mosher. The first level is "Oh" joy, which involves unexpected and pleasant surprises that make us feel good. It could be a spontaneous kiss from a loved one or a compliment from someone unexpected. The second level is "Alleluia" joy, which comes from accomplishing something significant in our lives. Whether it's gradua...

In this episode, we dive into the power of reading and how it can enhance our knowledge and skills. The host shares their personal experience with the 15/15 plan, which involves dedicating 15 hours per week to nonfiction reading for the past 15 years. They emphasize that reading, along with hands-on experiences, is the most effective way to acquire knowledge. The host advises listeners to make rea...

In this episode, we explore the importance of giving back and contributing to education. As achievers, we have the opportunity to share our knowledge and experiences with others, particularly in the field of education. The decline in basic skills among workers entering the workplace is a growing concern, and part of the problem lies within our educational system. Private schools have excelled desp...

In this episode, we discuss the different types of speakers and the importance of credibility and personal experience in delivering a impactful speech. The first type of speaker is those who make a living speaking but lack substance and leave little of value behind. The second type is the speaker who shares personal experiences and has credibility, making a lasting impact on the audience. The thir...

In this episode of "Futuristic Habit", we explore the risk/reward relationship and how it is constantly redefined and revised in the world of entrepreneurship. We hear the story of an entrepreneurial friend who sold his company for a significant amount of money, only to lose most of it in risky real estate deals. The key takeaway is that as one's financial position changes, so should their risk pa...

This episode discusses the importance of having a vision and dreaming big in order to achieve one's goals. The host shares a personal story about his wife's dream of having a mountain home in the Rocky Mountains. They talked about it frequently, even though they couldn't afford it at the time. They visited different properties and kept their dream alive. Eventually, they came across a development...

In this audio content, the speaker emphasizes the importance of making a healthy commitment in both our personal and professional lives. They highlight the link between good health and high productivity, and how unhealthy habits can hinder individual and organizational productivity. The speaker suggests taking drastic actions such as implementing smoking bans and drug testing programs to promote h...

In this episode, we delve into the topic of focusing on your future. It is a lifelong journey of discovering what we want to be and achieve. The quote by Robert Collier emphasizes the idea that our thoughts shape our actions and ultimately determine what we can do, be, and have in life. While the question of what we want to be when we grow up may seem daunting, it is a question that should never b...

In this episode of Leadership Habit, we discuss how leaders can create wealth from mistakes. As Mark Twain said, good judgment comes from experience, and experience comes from bad judgment. Mistakes are essential for growth and learning as they create knowledge that helps leaders avoid repeating the same mistakes in the future. Mistakes are particularly important in business, as they can lead to g...

In this episode, we hear about leadership habit 14, which focuses on the idea that sometimes leading means following. The host shares a personal story about meeting a couple who were trying to make a movie in South Dakota. Despite having limited resources, the couple had a strong sense of commitment to their project. The host decided to invest in their film and became the executive producer, prima...

In this episode of Leadership Habit, we discuss the common misconception that life at the top is always fulfilling and happy. Titled "If It's Lonely at the Top, You Should Have Taken the Stairs," we explore the idea that reaching the top too easily can leave individuals feeling unfulfilled, while the struggle to achieve success can bring a sense of self-esteem and satisfaction. The episode shares...

Leadership in balance is crucial for success. Balanced success encompasses both financial and spiritual well-being. Balanced leaders lead a fulfilling life that aligns with their core values, enabling them to make decisions with a long-term perspective. They understand their essential self and prioritize the needs of their family, career, and personal satisfaction. Balance empowers leaders to navi...

In this episode, we explore the importance of listening for effective leadership. True leaders are often seen as informed and inquisitive individuals with a genuine interest in others and their subjects. Charisma and looks are not the first characteristics that come to mind when we think of leaders, but rather their ability to listen and engage with others. Good leaders listen more than they speak...

In this episode, we explore the concept of leadership strength and whether it comes from one's persona, position, or both. We delve into the idea of positional leadership, where individuals are given leadership roles based on their position within an organization or community. We also examine the role of personal leadership, which comes from within and is independent of one's position. Positional...