30 min listen
020 Achieving Financial Independence with Paul Adams
FromCEO BrainFood
ratings:
Length:
42 minutes
Released:
Dec 3, 2019
Format:
Podcast episode
Description
01:01 – Michael introduces today’s guest, Paul Adams02:17 – Paul talks about his upcoming book, Your Business Your Wealth03:55 – Michael speaks to his experience working with CEOs who take a salary that is lower than the market rate09:15 – Two common mistakes entrepreneurs make when it comes to valuing their business11:49 – The danger of not thinking about an exit strategy16:45 – Michael talks about the ever-expanding role of today’s CEO18:27 – Paul speaks to interviews he’s done with various financial publications20:50 – Paul poses an interesting thought experiment to determine financial independence24:40 – How Sound Financial Group identifies and works with their ideal client28:41 – The architect example34:13 – Paul speaks to the purpose of his podcast entitled, Your Business, Your Wealth37:35 – Paul provides a special offer to listeners of CEO Brain Food38:04 – Michael thanks Paul for joining the show and praises the work he’s done40:54 – Michael encourages the audience to visit Paul’s website41:30 – Where to find Michael’s Functional Team ScorecardTWEETABLE QUOTES“All too often, business owners spend most of their time focused on just growing their business. And the more successful their business is, they assume it’s just gonna work out on their personal balance sheet.” (03:43)“It’s not a competition between what assets you can buy outside your business and how good the return is inside your business. Everybody will agree, the best rate of return you have is in your business just right up until it’s not. And, when it’s not is when you need to be in a position to have financial independence.” (20:01)“You cannot have financial independence, you cannot retire on the business balance sheet. You have to transmit money from the business’ balance sheet to your personal balance sheet by more than the sale.” (22:07)“When we make a client an offer, we charge a fee like an architecture does. We build the design. We help you build the blueprints based upon the future that you want. And then, you have the blueprints. You can go implement that yourself.” (28:41)“Because what we [Sound Financial Group] want to be able to do is have people that are wildly satisfied with us. And what we don’t wanna do is charge a fee to anybody that we didn’t provide significant value in return.” (34:00)RESOURCE LINKSMichael’s LinkedInMichael’s WebsiteThe Functional Team ScorecardSound Financial Group’s Website for a Financial Inquiry Call - Info@sfgwa.com (Inquiry in the subject)Sound Financial Group on FacebookSound Financial Group on LinkedInPaul’s LinkedInPaul’s WebsiteBOOKS MENTIONEDSound Financial Advice (Paul’s Book) – Sound Financial Advice: How to Recapture the Money you are Losing and Add it to Your Family's Wealth
Released:
Dec 3, 2019
Format:
Podcast episode
Titles in the series (26)
The War For Talent: Welcome to CEO Brain Food, a show that provides key insights, fresh perspectives, and proven tools that CEOs can apply to build enterprise value, generate higher profits and develop the talent needed to succeed in their businesses. In this episode, host Michael Langhout stresses the importance of hiring high-quality employees that align with sound company culture. Michael provides specific methodologies he utilizes for talent assessment as well as strategies to improve employee education. Finally, Michael provides three key resources for listeners to gain a deeper understanding of the ever-evolving war for talent. by CEO BrainFood