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329: Prioritizing Profits, Smart Money Moves, and Building Wealth with Michael Port

329: Prioritizing Profits, Smart Money Moves, and Building Wealth with Michael Port

FromFront Row Dads


329: Prioritizing Profits, Smart Money Moves, and Building Wealth with Michael Port

FromFront Row Dads

ratings:
Length:
76 minutes
Released:
Apr 13, 2022
Format:
Podcast episode

Description

There's a big difference between being rich and being wealthy. Rich people spend what they have. Wealthy people, however, leverage what they have to produce more wealth. But how much money is really enough? And what's driving our constant need for more? These are the types of financial questions I ask my good buddy, Michael Port, on today's podcast episode. More specifically, we're digging into money management as family men with businesses.     For context, he's written multiple bestselling books. He's also the co-founder of Heroic Public Speaking, a super successful company that he bootstrapped  and scaled with his wife, Amy. While there's more than one way to build wealth & legacy , I have a major appreciation for Michael's approach to financial freedom. Rather than follow the crowd, he constantly pursues the best path for him after spending years studying different approaches to creating financial independence.  We talk about what makes his business profitable, setting budgets with his wife, avoiding get-rich-quick schemes, and how he empowers his kids to manage their own finances. One of my favorite investment takeaways from our conversation - the ROI of "keeping it simple" = more bandwidth for my family!  Get a Free Book from Michael Port Step 1: Leave a review at FrontRowDads.com/review and tell me specifically what you liked about my conversation with Michael Port. Step 2: Take a screenshot of your review and send it to my team at info@frontrowdads.com and I’ll mail you one of Michael’s books for free (your choice of which book) Michael Port Podcast Highlights How Michael creates more free time for himself and his family Allowing your kids to track their finances and manage their money for things like school supplies, clothes, summer camp, and more Practical money management habits you and your family can use to achieve financial security and build long-term wealth Should you pay off your mortgage OR borrow against it to invest? Considering the investments that turn earned income into cashflow—and that also give you more bandwidth for the fam! Get the Full Show Notes Want access to the full show notes, including links to all resources mentioned during today's conversation? Visit FrontRowDads.com/329 Want to learn more about Front Row Dads? We are in the business of building better families. While most dads would say that family matters most, the challenge is they feel guilty knowing their careers get the best of them, and their family seems to get the rest of them. We help Dads become family men with businesses, not businessmen who have families, so they can thrive personally AND professionally. Subscribe to the Front Row Dad podcast to learn about fatherhood, marriage and how to level up your game at home, or if you’re ready for the best coaching and true brothers to grow with, Join The Brotherhood! Are you getting all the shows? Subscribe today! Want to leave a review? THANK YOU! http://FrontRowDads.com/review
Released:
Apr 13, 2022
Format:
Podcast episode

Titles in the series (100)

Front Row Dads Is For Fathers Who Want To Learn Strategies To Be More Effective And Efficient In Fulfilling Their Role As Husbands And Fathers. Our mission is to create an intentional space where “family men with businesses” can build powerful RELATIONSHIPS, discover RESOURCES that serve your family, and deliver big RESULTS for generations to come. BUILD RELATIONSHIPS around conscious commitments for exponential evolution. We take bold action, amplify strengths, defy odds and courageously step into every challenge. GAIN RESOURCES by having a humble curiosity for growth & contribution. We relentlessly pursue learning opportunities and growth strategies for a collective win through shared resources. DELIVER RESULTS to our families and business from this open space of love & grace. We choose to be unfiltered, unmasked, true, trusting so that transparency now leads to boundless transformation. OUR PILLARS Intentional Parenting Being fully present, endlessly curious and active participants in the emerging genius within our children. Thriving Marriage Creating a dynamic partnership that makes each person feel fully alive while providing a model to our kids for a healthy relationship. Business Evolution Structuring our businesses so that we consciously choose to be family men with businesses, not business men with families Wealth & Legacy Responsibly using our vast resources to create an abundant life for kids and generations to come. Vibrant Health Stepping fully into practices that elevate our mental, physical and spiritual states so we may best serve our family, business and community. Emotional Intelligence Exercising our ability to perceive, process, and evaluate emotions thus developing our self-awareness, empathy and inherent insights which guide us from a stable state of being. The Men who choose to join the FRD brotherhood are… Entrepreneurial minded men who can see that building a family requires investing, just like their business Men with wisdom, who are wise enough to know there’s more to learn Guys who value being a “Family man with business, not businessman with family” Dads who want to avoid some of the mistakes their fathers made, and start a new legacy Men who want to design the future of fatherhood, and blend modern technologies with ancient wisdom to maximize impact Those who believe “When you’re kicking ass, show up for others, because one day, when life is kicking your ass, others will show up for you.” (Thanks to Front Row Dad Aaron A for this thought) Men who choose to invest 1% of the year to sharpen the axe as a family man Learn more at FrontRowDads.com