Apr 13, 2022
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
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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.
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