Today's episode is called Build The Machine.  Owning our own business is great, but if you don't work towards building it in a way that it can work without you always being 100% involved, it can sometimes become more like a job that never goes away. In today's episode, we talk about the importance of building the machine and how I wasn't taking my own advice, and how it bit me in the butt.

247. Build The Machine...OR DIE!

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The Business of Buying Businesses with Jaryd Krause In this episode of Millionaire University, we meet Jaryd, a former plumber from Australia turned successful online entrepreneur. Through his platform, Buying Online Businesses, Jaryd shares his journey from initial failures with a travel blog and e-commerce venture to finding success and freedom by purchasing existing online businesses. He emphasizes the importance of due diligence when acquiring online ventures, offers insights into various business types suitable for beginners, and provides strategies for risk mitigation. Jaryd underscores the crucial role of mindset in overcoming fears and achieving goals, cautioning against unrealistic expectations perpetuated by social media. The discussion also delves into the motivations behind selling profitable online businesses and the value of these ventures as cash-flowing assets. Jaryd's guidance offers listeners invaluable insights to navigate the complexities of the online business world and embark on their own paths to financial success.   What we talked about with Jaryd: + Jaryd's Journey: From Plumber to Online Entrepreneur + he Evolution of an Online Business Empire + The Art of Buying and Growing Online Businesses + Due Diligence: The Key to Successful Online Business Acquisitions + From Blogs to SaaS: Understanding Different Online Business Models + Selling Your Online Business: Motivations and Strategies + Building a Business with the Future in Mind + Maximizing Business Attractiveness for Sale + Investing in Businesses vs. Real Estate: A Deep Dive + The Power of Cash Flow in Business Investments + Overcoming Fear and Achieving Success in Business Investments + Realistic Expectations and the Journey to Success   Resources from this Episode: Due Diligence Framework   Thank you Jaryd! To connect with Jaryd, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Jaryd, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.

300. The Business of Buying Businesses with Jaryd Krause

Mastering Time Using Virtual Assistants with Robert Levin This episode of Millionaire University, hosted by Erik Fisher, he chats with Robert Levin, Co-Founder and Chairman of Work Better Now. They chat about Robert's personal journey from CPA to media company founder, to the visionary behind Work Better Now, the strategic benefits of sourcing talent from Latin America and how it aligns with US work culture and time zones, successful empowerment of remote assistants, the essential nature of AI in today's business operations, and secrets to effective time management and delegation skills that will free you from being the bottleneck of your business.   What we discuss with Robert: + The transformative experience of hiring a virtual assistant + The strategic advantages of sourcing talent from Latin America + The importance of prioritizing time and effective time management for business owners + Steps for business owners to take to start delegating tasks + Creating job descriptions and handbooks for new remote assistants + Examples of various roles and functions that a remote assistant can fulfill + Importance of onboarding and training assistants properly + Sharing of the hosts' own experiences and hesitations with delegation   Resources from this Episode: Work Better Now   Thank you Robert! Connect with Robert on LinkedIn   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Robert, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.

299.  Mastering Time Using Virtual Assistants with Robert Levin

Alternative Education and Raising Entrepreneurial Kids with Vlad and Emma Sadovskiy - Part 2 of 2 In this episode, we continue our conversation and inspiring story of Vlad Sadovskiy joined by his daughter, Emma. Vlad shares his experiences as a first-generation immigrant and an entrepreneur, while Emma provides refreshing insights as a young high school student. They discuss Emma's accelerated path through high school, her passion for photography, and her thoughts on the traditional education system and the role of university. Their dynamic father-daughter perspective offers valuable wisdom and guidance for both parents and students. Join us as we explore the power of following one's passion and the transformative potential of unconventional educational paths.   What we discuss with Vlad and Emma: + Passion and influence in family life and career choices + Emma's accelerated path through high school + Catalyst for finishing high school early + Balancing passion and education + Vlad's perspective on the purpose of university education, professional licenses, and liberal arts + Discussion about the college experience and its impact + Balancing education, passion, and career development + Emma's advice for young individuals about considering passions and personal preferences in education + Vlad's advice for addressing boredom and acquiring time in early education + Emma's unique approach to homeschooling and remote work   Resources from this Episode: Netevia Payment System - Simplifying Payment Acceptance   Thank you Vlad! To connect with Vlad on LinkedIn, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Preston, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.

298. Alternative Education and Raising Entrepreneurial Kids with Vlad and Emma Sadovskiy

Empowering Small Businesses in the New Financial Landscape with Vlad Sadovskiy - Part 1 of 2 In this episode of Millionaire University, host EriK Fisher chats with Vlad Sadovskiy, CEO of the digital bank Netevia, about how the financial landscape has evolved for small businesses post-COVID. They cover the importance of businesses being adaptable in accepting various payment methods and highlight the trust relationship between small businesses and their customers. Vlad shares his unique entry into the banking industry and how pandemic-driven changes led Natavia to focus on digital banking solutions tailored for small business needs, such as digital wallets and neobanking. Key advice includes understanding the motivation behind starting a business, being prepared to tackle financial challenges, and the significance of having a clear vision for the business. Additionally, Vlad discusses personal experiences with handling debt and how financial credibility affects business opportunities. The conversation also touches on resources for entrepreneurs seeking funding and the mindset required for successful business ownership. This episode aims to provide small business owners and aspiring entrepreneurs with insights and strategies for navigating today's digital financial ecosystem.   What we discuss with Vlad: + Embracing Modern Payment Methods for Small Businesses + Vlad's Unexpected Journey into the Financial World + The Evolution of Banking and Payments in the Digital Age + Understanding Digital Wallets and Their Impact + Adapting Small Business Strategies for Digital Banking + Entrepreneurial Advice: Starting and Funding Your Business + Navigating Debt and Financial Discipline for Success   Tune in for more with Vlad in Part 2! Stay tuned for an upcoming episode featuring Vlad's daughter discussing her entrepreneurial pursuits.   Resources from this Episode: Netevia Payment System - Simplifying Payment Acceptance   Thank you Vlad! To connect with Vlad on LinkedIn, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Preston, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.

297. Empowering Small Businesses in the New Financial Landscape with Vlad Sadovskiy - Part 1 of 2

Debt-Free Dreams: Mastering the SHRED Method for Financial Freedom with Adam Carroll - Part 3 of 3 In this final episode of our three-part series with financial expert Adam Carroll, we're exploring innovative strategies for achieving financial freedom. Carroll introduces us to his groundbreaking "SHRED method," a system designed to accelerate the payoff of mortgages and high-interest debt using bank systems and home equity lines of credit (HELOC) effectively. He stresses the importance of understanding the energetics and psychology of money, alongside prudent expense management and strategic reduction of major lifetime costs like taxes and debt interest. Throughout the discussion, Carroll shares invaluable tips for wealth creation, tax minimization, and real estate investment. He emphasizes the need for disciplined spending, consistent income, and a willingness to adopt a fresh perspective on money management to succeed with the shred method. Additionally, Carroll dives into the FIRE movement (Financially Independent, Retire Early), offering guidance for individuals at different stages of their financial journey. He highlights the potential to leverage current assets and income to significantly enhance long-term financial stability and freedom. Join us as we conclude this series with a wealth of insights and practical advice for mastering your finances and building a path to lasting prosperity and freedom.   What we discuss with Adam: + Diving Deep into Debt, Mortgages, and the Shred Method + The Real Cost of Debt and How to Minimize It + Exploring the Shred Method: A Revolutionary Approach to Debt + Understanding the HELOC Strategy and Its Impact + Exploring Underutilized Financial Strategies + Navigating Estate Settlement and Early Retirement + The Shred Method: A Game-Changer in Debt Management + Embracing the FIRE Movement for Financial Independence + Strategies for a Comfortable Retirement + The Power of the Shred Method in Real-Life Scenarios + Final Thoughts on Financial Health and Wealth Building + Reflecting on the Journey and Future Possibilities   Tune in for more with Adam in Parts 1 and 2 of this series!   Resources from this Episode: The Shred Method   Thank you Adam! To connect with Adam, click here.   Sign up for our FREE Business Course - Understand the 7 Phases of A business, so you know where you are now and where you need to go next! Go to https://www.millionaireuniversity.com/training.   If you enjoyed this episode with Adam, let us know by clicking on any of the links below to send him a quick shout-out: Instagram, Twitter, Facebook, Youtube, TikTok and LinkedIn. We'd love to hear from you!   And if you want us to answer your business questions on an upcoming episode, drop us a line at support@millioinaireuniversity.com.

247. Build The Machine...OR DIE!

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