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At the beginning of the pandemic, a thick layer of uncertainty was hovering over the market. People panicked and, just in case, pulled their money out. By March of 2020, we saw a decline of 30% in the market. Although for a short bit I freaked out, as I've been through similar situations before, I managed to check my emotions and not let them interfere in my money decisions.   In this episode, we will learn how to let our emotions out of our decisions around money, wealth creation and investing. We will go through the concepts of money emotion roller coaster and emotional spiral, so we can recognize their patterns and avoid them. We will also talk about wealth creation, playing the investing game with a long-term mindset and turning our money into our 24/7 employees.  What You Will Learn In This Episode: - Why looking too close at the stock market might make us lose perspective on what is going on - What happens when we let our emotions interfere in our money decisions - How the money emotion roller coas

At the end of every year, I look back at what happened in my personal and professional life, and see what I've learned from it. It is a great exercise to stimulate constant growth and evolution. So, in this episode, I'll go through the 10 lessons I learned in the last 12 months.  This is also an invitation for you to do the same, to check on what happened in your life in the last year, look at the things that worked, the things that didn't, and reflect on what you need to change in your life to get where you want to go and create a fulfilling life that outlives you.  What You Will Learn In This Episode: - Why we need to celebrate micro-successes - How focusing too much on the achievements makes us forget about the progress  - The future is where your WHY is - Taking setbacks and mistakes as opportunities to grow and evolve - What is the only currency in which we should measure our wealth - When is the right time to start investing, and why we should go from lifestyle to income and not the other

A question that arises very often and that most people get wrong is - how much should I charge for my services?  Many of us come from a commoditized industry, where we tend to swap hours for dollars, but as time is finite, that model is not scalable. So in this episode, we’ll figure out how to price our services without falling into a commodity-based conversation. We'll learn about the two sides and three main components of pricing, the four pricing levels, how to frame our services in an ROI vs. COI structure, and more.  What You Will Learn In This Episode: - Why we tend to see that raising our pricing impacts our customers, and how we can change that mentality - How value and affordability should affect our pricing - The roles of problem-solving, position and expression in building the price we charge for our services - How we can use the must-haves, the nice-to-haves, and the don't-needs to establish our pricing - What the four levels of pricing are - Framing our services in an ROI versus COI str

Today, we talk about getting out of debt the Affluent Way. Here's the thing, debt not only slows us down on our journey of getting financial independence, but it also adds tons of pressure and unnecessary stress to our lives.  In this episode, we'll make a difference between a destructive and productive debt, the use and misuse of credit cards, the impact of social media on our shopping decisions, and we’ll also discuss emotional debt. I’ll share my take on Dave Ramsey's snowball and avalanche method to eliminate debt and much more.  What You Will Learn In This Episode: - Why entrepreneurs deal with debt differently from everybody else - Why we need to avoid playing the payment game - What destructive debt is and how does differentiates from productive debt - What it means that all debt costs and why it’s never a good idea to sell future to buy present  - What the ‘screw it spending’ is and how to avoid it - The differences between Dave Ramsey's debt elimination method and the Affluent way

In this episode, we will learn why goal setting is useless and why so many never achieve their goals..and what to do instead.  As the end of the year gets closer, it is inevitable to start thinking about the things we want to achieve in 2022. But in this episode, we will forget about goal-setting and focus on goal-getting. I will take you through a really cool framework, the Goal-Getting Triad™. We will walk through each of its parts, the right mindset to approach it, and understand what we must have in place to make it work. What You Will Learn In This Episode: - Why goal-setting without a strategy is doomed to fail - The difference between making little progress and making a bunch of resolutions - Why our emotions are crucial to achieving goals - The three things that stand in the way between our goals and us - What the Goal-Getting Triad™ framework is - The principles of the Goal-Getting Triad™ framework and how to put it in practice Emotions are the perfect fuel for every plan. When we are emotionally att

This week, we're going to talk about taxes, but in an exciting way: we're going to learn how to reduce them and put more money in our pockets. I'll share with you ten different ideas to pay fewer taxes. We'll talk about reviewing our incomes, expenses and withholdings. We will look at the triple-tax advantage of Health Savings Accounts and learn how to max out our retirement account. We also explore the tax reductions from donations and charitable legacies, loss harvesting, the Roth IRA conversion and more.  What You Will Learn In This Episode: - When reviewing our income, expenses, withholdings and estimates, what we need to look at to help us reduce taxes - How we can max out our retirement account, whether we have an IRA or 401k - What is the triple-tax advantage of Health Savings Accounts - How donations can help us reduce taxes, what it means to bundle our donations and charitable legacies are - What loss harvesting is and how we can reduce taxes through it - What is a Roth IRA conver

My guest today is slightly different from the ones I had in earlier episodes, but  he is just as impressive and inspiring. Brad Long is a Zero Debt Coach, specializing in helping 5 and 6 figure corporate burnouts abandon their 9 to 5 jobs, organizing and optimizing their finances, erasing their debts and helping them build the path toward financial independence.  Brad and I had an Affluent Entrepreneur money conversation. We went through Brad's journey from being $170k in debt to financial liberation. We also talked about the moment he decided to become an online entrepreneur, his passion for teaching others what he learned from his mistakes, and the programs he's currently running to add value to as many lives as he can.  What You Will Learn In This Episode: - How Brad became a Zero Debt Coach and what kind of help he provides  - How important it was for Brad to be on the same page with his wife when planning their financial future - What was Brad's relationship with money growing up - Why it

In today's episode, we talk about one of the most overlooked aspects of having a richer lifestyle: living a fulfilled life. As we are in the week of Thanksgiving here in America, and it's the moment of the year when most people take a step back and feel grateful, I thought the timing was right to introduce a new framework, The Gratitude Grid™.  Gratitude is a huge part of affluent life, and it is almost impossible to have a meaningful, impactful life without it. So today, we will go through The Gratitude Grid™, a weekly practice that turns into a daily routine. We will also go through The Gratitude Game Plan™, a habit to create a cycle of appreciation and positivity around us.  What You Will Learn In This Episode: - The effects of not practicing gratitude, how it can affect our business, our relationships and our lives in general - What happens when we bring up the energy of gratitude into our lives - The three core principles of practicing gratitude - The three categories from the internal perspect

I feel I have a lot in common with today's guest Jess Glazer. She is an affluent entrepreneur; she loves life profoundly, works hard to create a long-lasting legacy, and at some point, when her life was on the line, she had to ask herself: how much is enough? Jess Glazer is a Business Mentor, Speaker, Founder of Digital Business Evolution, CEO of Jess Glazer, LLC, and a Certified PE and Fitness Instructor.  In this episode, we go through her inspiring and incredible journey from school teacher to multi-million dollar entrepreneur. She shares her life-changing experiences of listening to a podcast and knowing she was "living her worst-case scenario", the health issues caused by being a treadmill entrepreneur, and much  more.  What You Will Learn In This Episode: - How Jess Glazer ended up living full-time in an RV with her husband as digital nomads - How a worst-case scenario life looks like - How hard it was for her the transition from an established job into entrepreneurship - What money and f

Today, we will take another step into having a richer, more fulfilling lifestyle. We will learn how to build a millionaire mind. As you might already know, I'm the framework guy, so I've put together one called the Five Builds of A Millionaire Mind™, and I'm thrilled to share it with you. We will unravel each of these five builds, so you know what you need to change, encourage and eliminate from your daily routine to build a millionaire's mindset.  What You Will Learn In This Episode: - Why you need to know where is the finish line of the race you are running - How being in constant evolution and acquiring knowledge helps you make informed decisions - How to identify the habits that are stopping you from going forward - Why you should build resilience, and the two parts of building resilience - The best reasons for putting efforts into creating affluence Building a millionaire mind is about creating a solid foundation for your financial destiny. In the Five Builds of A Millionaire Mind™ fr

This week, I've prepared another Q&A episode with some of the questions that came in on money, finances and wealth. The reason I'm doing this is to remind you this show was created for you, by you and with you. Hearing from you and clearing any doubt you might have is the most critical part of the show, it is about me turning into a money mentor in your back pocket. We will go through some doubts on real estate, retirement accounts, investment decisions, and much more.  What You Will Learn In This Episode: - Is it a good idea to refinance a home and take out cash to invest? - The psychological impact of debt and why no one talks about it - Is it a good idea to leave your money in an old employer's 401k account? - Does it make sense to contribute to an IRA? - What to investing in if we have only $1,000 to $10,000 to start If we ask for money advice from the wrong person, they might give us false information and we could end up putting together a money plan that makes no sense at all. If you

It’s such a blessing to welcome to the show not only a great mom, loving wife, podcast host, business coach and outstanding entrepreneur, but also a dear soul, Alison Prince. She went from high school teacher eligible for government assistance to a multi-million dollar entrepreneur in a couple of years. Throughout her entrepreneurial journey, she and her family donated over a million dollars to charity and helped more than 8,000 families through Hope International's microfinancing programs.  In this episode, Alison shares her unique and fascinating story of how she discovered that the "go to college, get a degree, and you'll have financial security" story wasn't her best choice. We go through her first steps selling products online, the unexpected but inspiring growth of her business, the money conversations within her household, her children's education around money, and much more.  What You Will Learn In This Episode: - Who Alison Prince is and how she helps people realize thei

I hope you are ready for today's episode, because it is going to touch your soul. Joining me is Amberly Lago, a best-selling author, TEDx and keynote speaker, podcast host, and peak performance coach. 11 years ago, Amberly was a celebrity fitness trainer sponsored by Nike, living a great life when one day, coming back home on her motorcycle, a SUV truck hit her, flipping her life upside down. Amberly had 1% chance of saving her leg from amputation. After 34 surgeries and a medical bill of almost $3 million, she discovered that all that was just the first part of her journey.  In this episode, Amberly shares her incredible story of resilience, badassery, courage and love for life. We go through her extensive recovery journey, the different stages she went through, and the financial lessons she learned after the accident, finding herself and her husband forced to deal with a medical bill of almost $3 million.  What You Will Learn In This Episode: - How Amberlyćs life was before and after the accident - How

Today, I will answer a question I get asked a lot - what kind of entity is the best for my company? Considering laws can be very different depending on where you are based, and each personal situation is different. We will go through the various structures you can pick for your business and your assets. We will look at each structure's pros and cons, tax structures, and everything you must know to protect your business, family and legacy.  What You Will Learn In This Episode: - How picking the correct entity for our company can protect us from expensive lawsuits - Why it is essential to legally separate ourselves and our assets from our company and its assets - The pros and cons of Sole Proprietorship - The differences between a C-corp and an S-corp - What Limited Liability Companies (LLC) are and the difference in taxes between them and C- or S-Corps - How we can reduce the self-employment tax When choosing an entity for our company, we provide it with a skeleton, a structure to protect our assets and t

I’m excited about today’s episode, because we will go through the next step after establishing our Wealth Priority Ladder™. In this show, I will take you through the six types of accounts you can choose to have on your wealth path, and I will also share a four-step system to start funding those accounts. We will look closely at each of the six accounts, pros and cons of each, and how to use them in the smartest way.   What You Will Learn In This Episode: - What is the account jumble, and which three criteria we must use to choose what kind of account we'll get - Why we must keep our business from our personal accounts separated - My three rules with high-yield cash accounts - The benefits of having 401k and HSA accounts One of the first steps on our journey to an affluent life is to separate accounts. Every dollar that comes in must know its purpose, and as soon as we get it we must put it to work for us. This task distribution becomes much easier when we have multiple accounts, each one of them taking c

Last August 2nd, Emily Ray, my first granddaughter, promoted me to the happiest man on earth. That got me thinking about the future, and coincidently, a soon-to-be mom I've met on a mastermind asked me what advice would I give, if any, to future parents. So I've decided to make this episode about the 10 lessons I would give to new parents about finances, and the best way of taking care of their children. In addition, I will share my latest framework, The Emily Factor ™.  What You Will Learn In This Episode: - Why we must focus on raising empowered little ones with financial tools to develop a richer lifestyle - The most critical investment we can make in our children - Why transferring skillsets is widely more important than transferring assets - The importance of a piece of mind fund, life insurance, and disability insurance - Why we must learn to have tough conversations - What is The Emily Factor ™, how it works, and how can we put it into practice Understanding that our kids and grandkids came t

On September 2, I turned sixty. I added a new decade to my story, which got me thinking, what are the lessons I've learned in the last six decades? Today I want to share with you the 10 lessons I've learned on my journey of living a fulfilling life and as an affluent entrepreneur. We will also talk about the concept of living in a state of disappointment, and we will go through the three principles of living a meaningful life.  What You Will Learn In This Episode: - The difference between being wealthy and living a rich life - The three principles we must have in place as rule #1 for building an affluent life - What is the role of our values in the decisions we make every day, and how that affects our future - Why we must be open about what we do, and why we need to find a purpose in every action we take - What is the role of our habits in the things we create When I look back at my journey, I realize it is not about the challenges I had but about the lessons I got from them. One of the biggest less

On today’s show, I'm thrilled to welcome my good friend Bobby Klinck, a Harvard-trained attorney turned entrepreneur, mentor, author, and podcaster. He is the founder of BobbyKlinck.com, Principal of Klinck LLC, and host of The Certified BADA$$ Online Marketing Podcast. He helps entrepreneurs make sure the legal crap doesn't hit the fan while building raving fan bases.  Today, he shares with us how he went from wantrepreneur to a thriving multiple six-figure entrepreneur. We’ll get to know where Bobby comes from, and his entrepreneurial family background. He shares the thought process behind quitting his life as a Federal Prosecutor to become an entrepreneur. We had a profound conversation about marketing strategies, connections, life choices, happiness, wealth, and some sound legal and marketing advice.  What You Will Learn In This Episode: - Who Bobby Klinck is and why his life story is so inspiring - What Bobby's first big mistake was as an entrepreneur and what he did to fix it - The differ

Today, we will go through all you need to know about ETFs and Index Funds, and what it takes to invest in them. We will start by understanding the difference between trading, investing, and gambling in the stock market. We will also look at trading versus investing, analyze the possibilities each one offers and what they demand from us. In the end, we will go through what you need to do to start creating your path toward financial liberation.  What You Will Learn In This Episode: - What is the difference between gambling, trading, and investing, and what is the best option in the long run - Why ETFs and Index Funds are easier ways to invest - The difference between ETFs and Index Funds - A step-by-step process we need to follow to start investing As affluent entrepreneurs, when we think about wealth building, we think about permanent and sustainable wealth with the sole purpose of reaching financial liberation. That is why our choices of building wealth have a system behind them, and we can duplicate them ove

In this episode, we talk about what the right thing to do with our cash is, and we will approach this subject from one of the Affluence Blueprint™ principles. Our guidance, our recipe to success will be the Wealth Priority Ladder™. Like any other recipe, this one focuses not only on the ingredients we use, but also on adding the right amount and mixing them correctly.  Before we jump into the Wealth Priority Ladder™ principle, we will go through the two things we need to know to get into the wealth-building game, and the four principles that will help us make a difference in it.   What You Will Learn In This Episode: - How we can develop the habit of creating an investment, and why we say that investing is automatic and consistent - The four principles of the wealth-building game - What it means to have a comfort plan in place, and how that will help us - How we can prevent consumer debt to consume us, and what is a peace of mind fund - Why we must fund our retirement before we fund college We must see our mo