September 02, 2024

Are You as Financially Savvy as You Think? with Andrew Windham | The Better Than Rich Show Ep. 180

51 minutes

Andrew Windham shares insights into the financial pitfalls that many entrepreneurs unknowingly fall into, and how misguided confidence can lead to costly mistakes. Andrew challenges all you business owners out there to rethink your approach to wealth management by shifting the focus from revenue to profit and taking control of your financial decisions. He talks about how a comprehensive, values-driven strategy can protect and grow wealth, pointing out the importance of proactive planning and expert collaboration. Tune in to hear Andrew give his perspective on building a lasting legacy while avoiding common financial traps!

Chapters

00:00:00 - Kicking Off with Andrew’s Philosophy on Life and Wealth

00:00:55 - Meet Andrew Windham: The Financial Strategist You Need

00:04:10 - The Dunning-Kruger Effect: How It’s Hurting Your Business

00:07:40 - Wealth Management Simplified: Making It Work for You

00:09:40 - Cutting Through the Noise: Simplifying Major Financial Decisions

00:13:25 - The Concierge Approach: Handling Your Financial Decisions with Ease

00:17:10 - Business Credit: The Hidden Risks of Personal Guarantees

00:22:05 - Tax Strategies 101: Setting Up the Right Business Entities

00:26:30 - Revenue vs. Profit: Why Most Entrepreneurs Get It Wrong

00:27:50 - Paying the Dumb Tax: Learning from Financial Missteps

00:28:20 - Integrity Check: Are You Shortchanging Your Family?

00:30:55 - Estate Planning: Protecting What Matters Most

00:32:25 - Crafting a Financial Strategy That Aligns with Your Values

00:34:15 - Juggling Act: Family, Business, and the Financial Balance

00:37:05 - Financial Integrity: The Foundation of Sustainable Success

00:43:50 - Must-Read Books for Entrepreneurs

00:47:05 - Defining Success: What It Means to Be Better Than Rich

00:48:30 - Final Takeaways and How to Connect with Andrew

Connect with Andrew Windham here:

Andrew on LinkedIn

College Planning Institute

Educated Freedom Podcast

Book Recommendations

The Bible

The Road to Less Stupid by Keith Cunningham

Never Split the Difference by Chris Voss and Tahl Raz

You Were Born for This by Bruce Wilkinson and David Kopp

Connect with The Better Than Rich:

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