What do you want your financial future to look like? This question sounds abstract. But it could be the most important decision you ever make.  Why? If you want to start a business empire, you’ll need radically different financial strategies than someone who wants to retire early. Having a financial vision lets you reach your financial goals and live the lifestyle you want. In this episode, you’ll discover how to create your financial vision and make it reality.  Want absolute clarity on your financial future? Listen now!  Show highlights include:  Why trusting the law of attraction alone is dangerous and won’t get you to your goals. (6:05) The “Find your Why” exercise that unlocks hard work, drive and ambition (even if you’re lazy) (7:27) How to build a business in 2-3 hours per week (without tons of startup capital) (8:52) An exact step-by-step plan on becoming a millionaire in the next 20 years (12:47) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show: CFO Hours at www.CFOhours.com.

Grandma's Wealth Wisdom

Defining Your Financial Vision

Conventional finance doesn’t work for everyone. Savings accounts pay almost no interest, the stock market can be a roller coaster and your bank might not have your best interest at heart.  That’s why people built alternatives like Velocity Banking and Infinite Banking. But do they work for you? And if so, which one should you go with?  In this episode, you’ll find out the pros and cons of both and discover which option is the best for you to build a smatt, sustainable financial future.  Want an alternative to conventional finance that works for you? Listen now!  Show highlights include:  The “stationary bike” of finances that keeps you stuck in debt (5:51) How the finance industry keeps most wealth-building strategies hidden from you (7:02) Why Velocity Banking can get you out of debt, but won’t make you wealthy (and how to build more wealth with Infinite Banking) (10:07) The Gandalf analogy that shows you exactly which financial strategy is best for you and your goals. (12:35) How to combine Infinite Banking and Velocity Banking to get out of debt, build long-term wealth and never depend on banks again. (14:40) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show:  Episode 89 at https://grandmaswealthwisdom.com/podcast/velocity-banking-an-honest-review/.   Not Your Average Financial Summit at https://notyouraverage.mn.co/share/KzDIstKYJAfTbzYV?utm_source=manual.  CFO Hours at CFOhours.com.

Velocity Banking AND Infinite Banking (What’s Best for You?)

Most people take decades to pay off their mortgage. The monthly payments are a constant expense. And if you can’t pay them? The bank takes your house and puts you on the street. Velocity Banking promises an escape: Use a line of credit as your primary bank account and pay off your mortgage as quickly as possible.  But like any other financial strategy, Velocity Banking has upsides and downsides.  In this episode, you’ll find out the pros and cons of Velocity Banking so you can make an informed decision on whether it could help you.  Want to pay off your mortgage as quickly as possible? Listen now!  Show highlights include:  How a “HELOC” lets you leverage historically low interest rates (even if your mortgage still has a sky-high interest rate)  (4:10) How Velocity Banking lets you pay off your mortghage 12 years early (6:43) The strange way Velocity Banking led to a heart-breaking divorce and tore apart a family  (7:43) The 30-second summary on the pros and cons of Velocity Banking (20:01) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do. 

Velocity Banking: An Honest Review

Budgeting feels like a chore. You know you’ll feel better afterwards, but it’s painful to limit yourself in buying the things you love.  When you’re on a variable income, it’s easy to tell yourself that budgeting doesn’t work for you.  But that’s not true. In this episode, you’ll discover how to make a budget (and stick with it) when your income fluctuates.  Want to end the income roller coaster and stabilize your financial life? Listen now!  Show highlights include:  The “If you’re happy and you know it” lie that sucks your wallet dry (2:55) Can’t stick with tracking your money? Here’s how to make it so simple it almost runs itself (5:27) The dead-simple “give your cash a break” method that reduces your spending (even if you don’t cut back on lattes, clothing or eating out) (10:32) How your inner boss makes you overspend (even if you’re self-employed) (13:44) Why you should ignore advice from most personal finance “gurus” (20:16) How smaller plates keep yourself from blowing a big payday on useless expenses (25:00) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show: Mark's website: https://www.nextgenmoneycoaching.com/  For more thoughts on Ramsey: https://www.youtube.com/watch?v=ajyzqdSxoIo&t=0s https://www.youtube.com/watch?v=fHw1rOFBK3s&t=0s.

Budgeting with Variable Income: Mark Deulley Interview Part 2

When we see entrepreneurs in the media, they never seem worried about money: They drive nice cars, own big houses and could retire if they wanted to. But when you start your own business, you see how different entrepreneurship is in reality: One year you could go on exotic vacations, the next you’re worried about paying rent.  But your financial well-being doesn’t have to go up and down like a roller coaster. In this episode, licensed financial professional Mark Deulley stops by to show you how to get financial stability even when your income is variable.  Want to get order into your financial life? Listen now! Show highlights include: The only two ways to escape debt and achieve financial stability (8:32) How helping your kids through college can delay your retirement. (10:46) The “Exercise Bike Analogy” that keeps you financially stuck, no matter how hard you work. (15:56) How to set and stick to a budget when your income constantly goes up and down (19:45) The “Thin Blue Line” method that simplifies your finances to set you free from the income roller coaster (20:31) Why putting your personal life over your business can grow your profits and give you financial freedom. (29:18) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do. Links mentioned on the show: Mark's website: https://www.nextgenmoneycoaching.com/  For more thoughts on Ramsey: https://www.youtube.com/watch?v=ajyzqdSxoIo&t=0s and https://www.youtube.com/watch?v=fHw1rOFBK3s&t=0s.

Money, Emotions, and Variable Income: Mark Deulley Interview Part 1

Bonds, stocks, put options, call options, cryptocurrency, derivatives - there are thousands of ways to invest your money.  Understanding how all of these work is a full-time career. But you shouldn’t invest in something you don’t understand.  So how do you create a sensible strategy that grows your wealth sustainably? In this episode, Wall Street veteran Lester Himel stops by to share how to simplify your finances without sacrificing returns.  Want to know exactly how your money is growing? Listen now!  Show highlights include:  The weird way Wall Street ignores the grim reality of aging and could set you up for going broke in retirement. (3:15) Why anticipating the worst in your financial planning makes you wealthier than looking at optimistic forecasts. (4:44) Why you need to “expect the unexpected” if you want secure finances and long-term wealth. (7:33) How comparison creates unrealistic expectations and nudges you to harmful investment decisions. (11:55) Why mutual funds are “micro-diversification” and only pretend to keep your portfolio safe. (18:38) The portfolio approach that takes care of your 93-year old self (even if you’re still young) (22:42) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show:  Find out more about Lester Himel here: https://thefinancefixer.com/planners/lester-n-himel/ Read Lester’s blog here: https://www.himelfinancial.com/blog Watch the full YouTube video here: https://youtu.be/j8k2Lz0mRZo

How To Make Your Financial Life Simple with Lester Himel

When it comes to growing your wealth, most people think about one thing: The stock market. But almost nobody understands the market. They hand their money to a Wall Street firm. Then they hope they don’t have to retire on half their savings if the market happens to be down. But you don’t have to give your money to bankers and hope for the best. In this episode, Wall Street veteran Lester Himel shows you how to ensure your retirement funds keep growing. After 28 years of working on Wall Street, he now uses a different approach to grow his own and his clients’ wealth.  In this episode, he reveals how Wall Street really works. Listen to discover  how to make an informed decision on growing your wealth.  Show highlights include:  How stock market volatility slowly erodes your wealth (even if it looks like you’ve absorbed the losses) (7:05) Why your 401k is making your banker wealthy instead of you (especially if they promise you’ll have millions by the time you retire) (9:48) How seeing yourself at 82 gives you instant clarity on the smart way to deal with your money. (12:32) Why consistency is the antidote to volatility that robs you of your wealth. (16:35) The traits that let you spot a trustworthy firm to grow your money with. (20:51) Why the empty promise of stock dividends slows your welath creation to a crawl  (25:08) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show:  Find out more about Lester Himel here: https://thefinancefixer.com/planners/lester-n-himel/ Read Lester’s blog here: https://www.himelfinancial.com/blog Watch the full YouTube video here: https://youtu.be/j8k2Lz0mRZo

Former Wall Streeter Lester Himel Reveals Why He's Anti-Volatility

Going broke is heartbreaking. Everything you’ve worked for evaporates in front of your eyes. You feel as if you wasted all those years. But when you do lose money, you have two choices: You can restart the your failed strategy that failed before - or learn from your failures and grow your wealth sustainably.  This week’s guest Jennifer Grimson chose the second option. After two bankruptcies and 25 lawsuits, she built income sources she calls “micro empires.”. These income sources keep her and her family safe and protected without limiting her growth.  Want to keep your wealth, no matter what happens? Listen now! Show highlights include:  How competing emotions in your relationship create “financial chaos” and sabotage your wealth-building. (4:35) The “secrets of the wealthy” that anyone can use today to get cheap credit, build wealth and and build income-generating assets. (10:03) How to become a wealthy real estate investor without ever owning a piece of property. (12:35) The hidden investment 401k strategy that “unlocks” your 401k and lets you invest in real estate, private companies or even cryptocurrency. (14:12) Why being a loner in high school sets you up for massive financial and personal success as an adult. (21:50) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show:  https://youtu.be/keuj6wCIRmg  https://micro-empires.com/

The Protection of Micro-Empires with Jennifer Grimson

Growing your business feels awesome. You have more clients, work with a bigger team and make a bigger impact.  But when you work hard to grow your business, you also deserve to get rewarded more. That’s why you need to look at your profits, not your revenue.  This week’s guest Jonathan Rivera grew his profits 60-70% in 2020, when most business owners watched their numbers plummet.  In this episode, you’ll discover how he made that transformation and how you can improve your bottom line and take home more money for yourself.  Want to get a bigger reward for all your work? Listen now! Show highlights include:  How donating money gets a better ROI than most stocks. (9:38) The “Money Journal” method that shows you exactly where your money goes (and how to make more of it) (19:48) How to live like JP Morgan without starting a global bank. (21:02) Why becoming your own banker lets you give yourself a raise without hurting your business. (23:12)  The “Know Your Numbers” method to multiplying your money and becoming more generous. (20:58) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show:  https://grandmaswealthwisdom.com/podcast/how-to-make-money-what-to-do-with-it/ https://thepodcastfactory.com/jonathan-rivera-resultsleader-fm/

How a Small Business Owner Increased Profits 60-70% in 2020: An Interview with Jonathan Rivera

When it comes to your finances, it’s easy to get stuck in a rut.  People keep putting your money into the same savings account, contribute to the same 401k and make the same stock-picking mistakes—even if those investments don’t serve them.  But you don’t have to do what you’ve always done. You can decide to make financial decisions that serve you now and in the future.  That’s exactly what this week’s guest Marty Smith did after almost 3 decades in financial services.  In this episode, he shares how you can take charge of your financial future and grow your wealth sustainably (without giving half of it to banks).  Show highlights include:  The obscure book that could help you build more wealth than the world’s best stock portfolio. (18:02) A painfully obvious strategy that lets you build wealth stronger than the stock market. (27:30) Why buying life insurance can make you wealthy (even if you don’t have kids or a spouse) (29:55) How putting yourself first makes your family happier and wealthier. (37:50) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.

Interview with Marty Smith: "Do your best and leave the rest."

Entrepreneurs are ambitious, hard-working people with a dream. They do their best to build a legacy for their family and wealth for themselves.  But most businesses fail within the first few years. In this episode, you’ll discover how to build a company that leaves a legacy.  Want to impact your community and family for generations? Listen now! Show highlights include:  Why getting rich is the worst motivation to start a business that lasts (even if it seems like only the greedy make it big) (6:55) How to fix society’s problems by getting rich (9:27) Why firing more people makes your business more likely to stand the test of time. (13:02) How to take charge of your cash flow, build up money reserves and never worry about profit again. (18:46) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show:  Video about Ozinga: https://youtu.be/ucP_o0QXD48 Youtube Playlist about Profit First: https://youtube.com/playlist?list=PL-TdbcVNkUZjZEa8Q3aNC_rjNJFOMPUXn Increase your profits if you’re self-employed: http://grandmaswealthwisdom.com/profit

How to Create a Business that Lasts and Impacts Generations

Many people are taught that they should never take on debt. You get money in the short term, but you have to pay back more than you borrowed because you’re paying interest.  It might sound like interest is just another unnecessary expense. And you shouldn’t pay interest for years just to watch football on a bigger TV. But there are cases when interest isn’t harmful. In fact, there are cases when interest is a better investment than most stocks!  In this episode, you’ll find out when paying interest grows your wealth for the long-term—and when you should stay away from any type of interest.  Want to make the most of your financial future? Listen now! Show highlights include:  How to use an “expensive” mortgage to grow your wealth for the next 30 years. (2:04) Why starting a business on a giant loan can make you wealthier than any stock market portfolio. (5:44) Why buying lattes at your favorite coffee shop doesn’t kill your retirement (and how to build a wealthy retirement by taking on loans instead) (12:37) How paying $1150 in interest for a car can make you wealthier in retirement if you have the right life insurance. Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.

When It’s Smart to Pay Interest

Passive income sounds great: You get money from something long after you’ve put in the work. And if your passive income exceeds your salary, you’d never have to work again! But, like most things, passive income isn’t as easy as people in YouTube Ads make it sound. But it’s not impossible either. If you want to get passive income, you need to do your research and put in the work. But you don’t have to figure it all out yourself.  In this episode, you’ll discover 3 ways to get passive income that actually work. You’ll find out the pros and cons for each so that you can make an informed decision about which way to go.  Ready to find out the truth about passive income? Listen now! Show highlights include:  Why retiring with a 401k keeps you living paycheck to paycheck in your “golden years”. (5:14) How to get passive income from the work of others (without managing people all day) (8:56) Why a big portfolio of rental properties can tank your net worth (even if you’re rich on paper). (12:28) The boring, but safe method that gives you steady passive income without the risk of starting your own business.  (17:29) How to take your retirement assets off the stock market roller coaster and ensure your wealth grows until you retire. (22:25) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.

How to Create Passive Income for Life

There’s no step-by-step plan to get rich. Even if your career is skyrocketing, you might have to care for a parent, lose your job or have a terrible accident. Things outside of your control can always get in the way.  But you can ensure you’ll never be poor with simple financial strategies that keep you out of financial trouble. In this episode, you’ll find out how to shield yourself from poverty so you never have to worry about how to put food on the table.  Want to have the peace of mind that you’ll never be poor? Listen now! Show highlights include:  Why you could already be poor (even if the government wouldn’t give you a dime) (3:20)   Why most homeless people aren’t lazy, dumb or addicts (and how to make sure you never get to that point) (11:55) The “gamble” you make every day (and the simple strategy that protects you from financial disaster) (14:12) How fire drills for pre-schoolers can protect you from ever experiencing poverty. (18:30) How “hiring” each of your dollars for a job gives you financial confidence and lets you brush off major emergencies. (22:18) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.

How to Never Be Poor

If you’re like most people, you don’t want to spend money on things that don’t matter. Designer clothes, fancy cars and a new smartphone every year - that doesn’t make you happy. And it certainly doesn’t grow your wealth for the long term.  But you also don’t want to be cheap. Never splurging on something denies you joyful moments to have money you’ll never spend.  Luckily, the alternative to mindless spending isn’t penny-pinching. It’s frugality. When you’re frugal, you’re mindful of your expenses without denying yourself the things you love most.  In this episode, you’ll find out how to build a life full of joyful experiences that doesn’t keep you living paycheck to paycheck. Want to live a frugal life? Listen now! Show highlights include:  Why “expensive” $5 coffee is a great investment (even if finance gurus think it bankrupts you). (5:20) How “PMI” can add hundreds to your home loan every month without you noticing it. (13:03) How to lower your insurance bills with a 5-minute phone call. (14:26) A simple question that makes salespeople, handymen and other businesses give you a discount. (18:40) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call ... just like Grandma would want us to do.  Links mentioned on the show:  https://youtu.be/dDmOnrW9wUU

Grandma + Frugal = A Surprising Perspective on Smart Buys

Sometimes intelligence skips a generation. Let's face it, even with over 450 financial products out there, we're in a pickle. Inside Grandma's Wealth Wisdom, we get back to basics with wealth strategies that have stood the test of time... with some practical modernizations.

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Grandma's Wealth Wisdom

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