Michael Nguyen shares his journey of growing up in a sandwich generation, dealing with family responsibilities after his father's passing, and how these experiences shaped his financial habits. He discusses the importance of financial planning, the impact of his travels, and his transition into freelancing and podcast content creation. Michael emphasizes resilience and learning from financial mistakes, highlighting the value of balancing saving with enjoying life.

Michael Nguyen can be reached via email at [email protected], where he helps podcasters grow their podcasts. He's also active on Instagram under the handle @takethistrip.

Takeaways:

• "Financial planning is crucial for ensuring family stability during tough times."
• "Balancing saving with enjoying life is key to a healthy financial mindset."
• "Resilience and learning from mistakes can lead to personal and financial growth."

Timestamps:

1. 00:00 - Introduction
2. 02:15 - Michael Nguyen discusses his father's passing and family responsibilities.
3. 10:30 - The importance of financial planning and life insurance.
4. 18:45 - Michael's journey into freelancing and travel.
5. 20:00 - Lessons learned from financial mistakes.
6. 25:20 - Michael's approach to balancing saving and spending.
7. 30:10 - Closing thoughts and advice for listeners.

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Podcast Disclaimer:

"This podcast is a conversation amongst friends and is intended for informational purposes only. The views expressed are personal opinions and should not be taken as financial advice."

Support this podcast at — https://redcircle.com/about-that-wallet/donations

In this episode, Anthony Weaver and franchise coach Adam Goldman discuss the opportunities and benefits of franchising, particularly for the sandwich generation. They explore the misconceptions surrounding franchises, the importance of lifestyle and freedom, financing options, and the essential businesses that emerged during the pandemic. Adam shares insights on how to choose the right franchise, the significance of partnerships, and the legal and financial considerations involved. The conversation emphasizes the human element in franchising and the potential for financial freedom through business ownership.

Takeaways:

//Franchising offers a structured way to start a business with support.

//The sandwich generation often seeks flexible and scalable business options.

//Franchising can provide a lifestyle that allows for personal freedom and family time.

Sound Bites:

"The American dream hasn't ended."

"Food is a tough business, low margin."

"Wealth equals freedom."

More about Adam Goldman: 

https://www.linkedin.com/in/adamgoldmanfranchise

https://www.instagram.com/franchisecoach_adam/

https://www.youtube.com/channel/UCRQCtHcOPenRfQ_0IlMY08Q

Chapters:

00:00 Introduction to Franchising and the Sandwich Generation

02:29 Into

03:02 Understanding the Franchise Landscape

05:52 Essential Businesses and Pandemic Impact

08:51 Financing Your Franchise

11:42 The Lifestyle Benefits of Franchising

14:42 Partnerships and Team Building in Franchising

17:38 Legal and Insurance Considerations

20:35 Cost and Investment in Franchising

23:35 Researching and Choosing a Franchise

26:31 Final Thoughts and Advice

Check out more episodes at https://aboutthatwallet.com 

Join the newsletter https://aboutthatwallet.com/newsletter

Disclaimer: 

The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances.

Episode 326

Support this podcast at — https://redcircle.com/about-that-wallet/donations

In this engaging conversation, Bart Merrell, known as the Side Hustle Samurai, shares his insights on building successful side hustles. He emphasizes the importance of aligning side hustles with personal interests and existing activities, as well as the necessity of preparedness and action in seizing opportunities. Bart recounts his journey from various side hustles to establishing a successful dog training business, highlighting the role of AI in enhancing business efficiency. The discussion also touches on the significance of networking, learning from past mistakes, and the evolving landscape of entrepreneurship.

More about Bart:

https://BartMerrell.com

Chapters

00:00 Introduction to Side Hustles

01:36 Finding the Right Side Hustle

04:13 Bart's Journey to Side Hustles

13:34 Missed Opportunities and Reflections

18:35 Choosing the Right Hustle

20:37 Transitioning to Dog Training

34:30 The Evolution of Side Hustles

36:23 Turning Passion into Profit

38:56 Marketing Your Photography Side Hustle

41:08 Utilizing Google Ads for Business Growth

42:19 Navigating the Photography Business

01:00:23 Influential Books and Personal Growth

01:02:30 Culinary Memories and Life Lessons

01:03:36 Connecting with Bart Merrill

Thank You For Listening

Check out more episodes at https://aboutthatwallet.com and join the newsletter https://aboutthatwallet.com/newsletter

Disclaimer:

The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances.

Episode 325

Support this podcast at — https://redcircle.com/about-that-wallet/donations

We're diving into the world of senior care today, especially for those of you in the sandwich generation, and let me tell you, it can be a real doozy! If you’re feeling overwhelmed trying to care for both your aging parents and your kids, you’re not alone—it’s a tough gig. Our main focus is on Brett Chodkevys, who got fed up with the cookie-cutter assisted living options out there and decided to build something better: assisted living mansions! Picture this: luxurious homes that feel cozy and intimate while providing top-notch care. We’ll break down the different levels of senior care and explore how the right environment can make a world of difference, not just for residents but for families looking for peace of mind. So grab a comfy seat, maybe a snack or two, and let’s figure out how to navigate this wild ride together!

Episode: 324 Ai Review

Support this podcast at — https://redcircle.com/about-that-wallet/donations

We're diving into the world of assisted living, and let me tell you, it's a game changer! Our guest this week, Brett Chotkevys, has been building stunning 16-bedroom mansions designed specifically for assisted living and memory care. His passion stems from a personal journey, wanting to create a loving environment for his own grandma. Brett breaks down the ins and outs of finding the right care for aging loved ones, and he spills the beans on how to kickstart your own assisted living venture. Whether you're considering this for a family member or thinking about making a business out of it, this episode is packed with practical tips, heartfelt stories, and a dash of humor. So grab your earbuds and get ready to learn about a booming industry that’s all about care and compassion!

Takeaways:

1. In the world of assisted living, understanding the licensing and zoning requirements is crucial for success, as they vary greatly by state and city.
2. Brett's journey into assisted living began with a personal mission to care for his grandma, illustrating the heart behind his business model of luxurious care facilities.
3. The financial breakdown of running an assisted living mansion highlights the importance of balancing quality care with operational costs to ensure sustainability and profitability.

Chapters:

1. 00:00 Introduction to Assisted Living and Memory Care
2. 03:02 The Personal Journey Behind Assisted Living
3. 06:04 Steps to Starting an Assisted Living Business
4. 08:51 Navigating Zoning and Licensing Challenges
5. 11:53 Building Partnerships for Success
6. 14:51 Funding Your Assisted Living Venture
7. 22:35 Navigating the Assisted Living Landscape
8. 24:08 Building a Strong Team for Success
9. 27:24 Understanding Financials in Assisted Living
10. 30:06 The Future of Assisted Living
11. 34:14 Final Thoughts and Insights

More from Brett: https://AssistedLivingMansion.com

More from About That Wallet: https://aboutthatwallet.com

Disclaimer:

The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances.

Episode: 324

Support this podcast at — https://redcircle.com/about-that-wallet/donations

Thinking about starting a business? Well, hold onto your hats because today we’re diving deep into the world of business credit! We chat with the fabulous Cedrick Phillips, president of Fund Well Consulting Group, who shares the scoop on why having a solid partnership is like a 10-year marriage, if you can’t see yourself with your business partner for a decade, it’s time to rethink that deal! We break down the basics of business credit, the importance of keeping your personal and business finances separate, and how to set up your company for success from day one. So if you’re ready to learn how to navigate the sometimes murky waters of obtaining funding and building a solid credit profile, you’re in the right place! Stick around for tips, tricks, and maybe a laugh or two, because we believe finance should be fun, not just numbers on a page!

Takeaways:

1. Considering a long-term partnership is essential; can you envision being in business with them for 10 years?
2. Building business credit is crucial; it helps separate personal and business finances for growth.
3. Don't fall for business credit myths; good personal credit still matters when seeking business loans.

Chapters:

1. 00:00 - Building Long-Lasting Business Relationships
2. 00:38 - Understanding Business Credit and EIN
3. 12:16 - Understanding Business Credit Myths and Realities
4. 22:13 - Transitioning Personal Development to Business Growth
5. 30:32 - Transitioning from Wealth Philosophy to Practical Advice

Learn more about Cedrick:

https://fundswellconsultinggroup.com/

Links below are affiliate links: - no cost to you, host may be compensated.

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Check more episodes and blog posts: https://aboutthatwallet.com

Disclaimer:

The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances.

Support this podcast at — https://redcircle.com/about-that-wallet/donations

Today's guest, Evan Poling, is the Founder of BizRetire.com that's looking to fix the business buying and selling industry which has failed owners for over 250 years. Evan's background in bank compliance where he has trained 100s of employees and investigated the accounts of 100s of businesses, in some of largest and fastest growing firms in the world, has given him the experience to understand businesses in a unique and powerful way. His next mission is to change the staggering statistics of "80% of businesses, that go to market, will Never sell.

More About Evan:

1. bizretire.com
2. https://www.linkedin.com/in/evanpoling/

Chapters:

1. 00:00 - Searching for the Missing Wallet
2. 06:58 - Navigating Business Ownership in a Changing Landscape
3. 11:30 - Navigating Ultimatums in Pursuing Dreams
4. 22:51 - Starting a Business: Understanding the Foundations
5. 28:34 - Navigating Business Competition
6. 37:44 - Setting Up a Business for Sale
7. 50:47 - The Importance of Reading in Business Growth
8. 55:03 - The Importance of Intentions in Entrepreneurship
9. 59:10 - Understanding Wealth and Its Impact

Links below are affiliate links: - no cost to you, host may be compensated.

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Streaming this episode using Streamyard: https://streamyard.com/pal/c/4718936395612160

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Thank you for listening:

Check more episodes and blog posts: https://aboutthatwallet.com

Disclaimer: The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances.

🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/4718936395612160

Episode 322

Support this podcast at — https://redcircle.com/about-that-wallet/donations

Today we're diving deep into the wild world of credit cards and how the banking system might just be pulling the wool over our eyes! Our guest, Tommy Kilpatrick, brings a fresh perspective on how we’ve been indoctrinated into thinking that credit card debt is something we have to bear without question. He shares his personal journey from being buried under $85,000 in credit card debt to discovering that the banks might not even have a legitimate claim on those debts. We discuss the idea that many of us have been misled about what credit really means and how to reclaim our financial power. Get ready for some eye-opening insights and maybe a few laughs as we explore what it means to truly understand and navigate our finances in today's world!

Takeaways:

• The banks often operate under a system that some view as fraudulent, where they manipulate money and debts without proper invoices or agreements, which can mislead consumers.
• Understanding credit cards is crucial; many people might not realize that they are often treated like gift cards, which leads to confusion about debt and financial responsibility.
• It's highlighted that consumer behavior, like applying for credit cards, can lead to a cycle of debt that benefits banks but leaves individuals financially vulnerable and confused.

Chapters:

• 00:00 - Understanding Criminal Behavior and Economic Trends
• 00:26 - Understanding Credit Card Debt and Fraud
• 11:43 - Understanding Loans and Banking Practices
• 23:17 - Understanding Bank Loans and Credit Cards
• 31:52 - The Consequences of Banking Practices
• 39:55 - The Journey of Wealth and Happiness

More about Tommy:

https://www.diy-debtrelief.com/

Check out his book: https://amzn.to/4rMjFVk

Want to get on my show or looking to get on multiple podcasts?

Join Podmatch: https://www.joinpodmatch.com/wallet

Disclaimer:

The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.

Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.

Episode 321

Support this podcast at — https://redcircle.com/about-that-wallet/donations

The episode of the *About that Water podcast* featured guest Rahkim Sabree, who discussed his new book, *Overcoming Financial Traumas*, defining financial trauma as any instance, observed or experienced, that negatively impacts how someone views, interacts with, or believes about money. Rahkim further detailed the six sources of financial trauma, such as generational, workplace, and institutional factors, and explored how advertising science exploits the nervous system to drive consumer spending.

More about Rahkim:

https://www.rahkimsabree.com/

Want to get on my show or looking to get on multiple podcasts?

Join Podmatch: https://www.joinpodmatch.com/wallet

Disclaimer:

The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.

Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.

Episode 320 Bonus

Support this podcast at — https://redcircle.com/about-that-wallet/donations

Today, we're diving deep into the concept of financial trauma and how it impacts our decisions about money. Our guest, Rahkim Sabree, shares his refreshing take on financial choices, suggesting that instead of labeling them as “bad,” we should view them as the best decisions we could make at the time—because, let’s face it, hindsight is 20/20! We'll explore how experiences, both personal and generational, shape our relationship with finances, and Rahkim breaks down six sources of financial trauma that many of us might not even realize we’re dealing with. Plus, we’ll chat about his latest book, *Overcoming Financial Trauma*, which promises to be a game-changer in understanding how our past influences our financial futures. So grab your coffee, settle in, and let’s unpack the wild world of money with a sprinkle of humor and a dash of insight!

Chapters:

• 00:00 - Understanding Financial Decisions
• 03:09 - Understanding Financial Trauma
• 15:51 - Understanding Financial Trauma: The Six Sources
• 20:41 - Understanding Financial Trauma
• 26:13 - The Impact of Advertising on Consumer Behavior
• 34:21 - Navigating Financial Triggers and Personal Health
• 40:36 - Transitioning to Financial Trauma Awareness
• 45:32 - Exploring Financial Trauma and Capitalism
• 56:14 - Understanding Financial Trauma
• 59:17 - Transitioning to Professional Insights

More about Rahkim:

https://www.rahkimsabree.com/

Want to get on my show or looking to get on multiple podcasts?

Join Podmatch: https://www.joinpodmatch.com/wallet

Disclaimer:

The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.

Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.

Episode 320

Support this podcast at — https://redcircle.com/about-that-wallet/donations