Nov 27, 2024
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