In episode 62 of Building Wealthy Habits, hosts Laura, Randy and Jeremiah discuss the essential steps and considerations involved in buying a business. They explore the motivations behind acquisitions, the importance of evaluating potential companies, financing options, structuring deals, and navigating negotiations. The discussion emphasizes the need for thorough due diligence, the role of professional advisors, and the significance of aligning values and goals between buyers and sellers.

In This Episode:

00:00 Introduction to Buying a Business

05:11Evaluating the Acquisition Opportunity

11:28 Financing the Deal

16:49 Structuring the Acquisition

21:41 Navigating the Negotiation Process

24:29 Final Thoughts and Key Takeaways Reach out at [email protected]

Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In episode 2 of this 2 part series, Laura and Jeremiah are once again joined by Max Kayes, a licensed Marriage and Family Therapist and life coach, to discuss the relationship with money. Max explains Neuro-Linguistic Programming (NLP) and its role in personal development. He outlines the six basic human needs: certainty, variety, significance, love/connection, growth, and contribution, emphasizing their importance in financial planning. Laura and Jeremiah get Max to discuss how these needs align with values and how financial strategies should adapt to individual and couple dynamics. They highlight the unique challenges faced by entrepreneurs and the need for continuous growth and reevaluation of financial plans to meet evolving needs and values. Reach out at [email protected] Connect with Max Kayes:

LinkedIn: https://www.linkedin.com/in/max-kayes-3059021b5/ Website: https://www.christiancounselorsnetwork.com/counselor/4253/

Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In this episode of Building Wealthy Habits, Laura and Jeremiah are joined by Max Kayes, a licensed Marriage and Family Therapist and life coach, to discuss the relationship with money. Max explains Neuro-Linguistic Programming (NLP) and its role in personal development. He outlines the six basic human needs: certainty, variety, significance, love/connection, growth, and contribution, emphasizing their importance in financial planning. Laura and Jeremiah get Max to discuss how these needs align with values and how financial strategies should adapt to individual and couple dynamics. They highlight the unique challenges faced by entrepreneurs and the need for continuous growth and reevaluation of financial plans to meet evolving needs and values. Reach out at [email protected] Connect with Max Kayes:

LinkedIn: https://www.linkedin.com/in/max-kayes-3059021b5/ Website: https://www.christiancounselorsnetwork.com/counselor/4253/

Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In this episode, Laura and Randy discuss the intricacies of family-owned businesses with Keanon Alderson, the director of the Family Business Center at Cal Baptist University. They explore the unique challenges and opportunities that family firms face, including the importance of succession planning, effective communication, and the role of technology in modern business practices. The conversation emphasizes the need for a strong support team and governance structures to ensure the longevity and success of family businesses.

In This Episode:

00:00 Navigating Family Business Dynamics

05:27 Opportunities and Challenges in Family Firms

10:02 The Importance of Succession Planning

15:10 Communication and Family Dynamics

20:09 Embracing Change and Technology

24:04 Building a Support Team for Success

Connect with Keanon:

LinkedIn: https://www.linkedin.com/in/joshuaconiglio/ Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

Welcome to this episode of Building Wealthy Habits with Jeremiah and Laura! Today, we're diving deep into the world of financial planning, and we're doing it through the lens of Joe and Debbie—our fictional clients. But this conversation is far from fictional—it's real, relatable, and packed with actionable insights. Jeremiah and Laura take you step by step through the process of crafting a financial plan, from understanding your unique profile to using planning tools, analyzing cash flow, and setting up retirement income. They also highlight the importance of tailoring your plan to your personal goals, factoring in long-term care, and optimizing taxes to maximize your savings. This episode is all about helping you build a full, clear financial picture, so you can make empowered decisions for a secure future.

In This Episode:

00:00 - Introduction to Financial Planning

03:10 - Understanding Client Profiles: Joe and Debbie

06:08 - Income and Net Worth Analysis

08:48 - Cash Flow Management in Retirement

12:13 - Exploring Retirement Scenarios

15:08 - Investment Strategies and Risk Management

18:05 - Long-Term Care Considerations

20:58 - Tax Planning and Optimization

23:59 - Conclusion and Call to Action Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In this week's episode of Building Wealthy Habits we are joined by Josh Coniglio to discuss the multifaceted role of real estate in financial planning, emphasizing its value as a diversifier in investment portfolios. We explore the various types of real estate investments, the importance of liquidity, and the potential pitfalls of investing solely for tax benefits. The conversation also covers structuring real estate investments through LLCs and trusts, the role of REITs, and the necessity of due diligence when evaluating real estate opportunities. We hope that if you take anything away from this week's episode, it's the importance of maintaining liquidity and a well-rounded investment strategy.

In This Episode:

00:00 Introduction to Real Estate Investment

03:02 The Value of Real Estate in Portfolios

05:46 When Real Estate Doesn't Make Sense

09:07 Understanding Tax Implications of Real Estate

11:55 Structuring Real Estate Investments

14:54 Evaluating Real Estate Opportunities

18:02 The Role of REITs and Partnerships

20:49 The Importance of Due Diligence

24:00 Conclusion and Resources

Connect with Josh:

LinkedIn: https://www.linkedin.com/in/joshuaconiglio/ Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In this week's episode of Building Wealthy Habits, Laura, Jeremiah, and Randy explore the world of the FIRE (Financial Independence, Retire Early) movement. They go deep on the key principles behind FIRE, from extreme savings to passive income, and how millennials are embracing the idea of financial independence and early retirement. And while everything with FIRE might sound fine and dandy, they do discuss the challenges that come with achieving FIRE, the impact of social media on setting unrealistic expectations, and the importance of balancing financial goals with personal values. If you're considering FIRE or just curious about its real-world implications, this episode offers practical tips on saving, investing, and managing debt to help you reach your financial independence goals.

In This Episode:

00:00 Introduction to the FIRE Movement

03:09 Understanding Financial Independence

05:58 Challenges of the FIRE Lifestyle

08:55 The Role of Social Media in FIRE

11:56 Balancing Lifestyle and Financial Goals

15:03 Strategies for Achieving Financial Independence

17:53 Final Thoughts on the FIRE Movement

Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In episode 55 of Building Wealthy Habits, hosts Laura and Jeremiah Lee are joined by Laura Lyng to dive into the topic of limiting beliefs and their effects on both personal and professional development. They explore how these beliefs can block progress and prevent individuals from reaching their full potential. The conversation covers strategies for recognizing, questioning, and reshaping limiting beliefs into empowering ones. Emphasizing the value of executive coaching, they share practical exercises to help shift mindset and create lasting change.

In This Episode:

00:00 Introduction to Executive Coaching and Limiting Beliefs

01:55 Understanding Limiting Beliefs

05:59 Identifying and Challenging Limiting Beliefs

09:46 Transforming Limiting Beliefs into Empowering Ones

14:00 The Process of Rewriting Beliefs

19:46 Cultivating New Beliefs for Lasting Change Reach out at [email protected] Connect with Laura Lyng:

LinkedIn: https://www.linkedin.com/in/laura-lyng-060741132/

Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In this heart-to-heart episode, advisors, and husband-and-wife, Laura and Jeremiah Lee, dive into the vital role date nights play in strengthening relationships, particularly when it comes to building a solid financial future. They share their personal journey, offering candid insights into how open communication, personal growth, and intentional efforts have shaped both their marriage and their financial success. Laura and Jeremiah discuss how even the smallest intentional conversations can deepen connection, foster understanding, and impact long-term financial stability. Together, they reflect on how navigating changes as a couple encourages growth in both their personal lives and their business.

Takeaways:

• Date nights are a powerful investment in both your relationship and your future.

• Change is inevitable, and embracing it together is key to a strong partnership.

• Communication is the glue that holds relationships and financial success together.

• Having intentional conversations fosters deeper understanding and strengthens bonds.

• The health of your relationship can directly impact your financial well-being.

• Prioritizing and protecting date nights ensures a resilient partnership.

• Aligning on shared goals and supporting each other's growth is vital for success.

• Divorce can have serious financial consequences—investing in your relationship now can save a lot later.

• The dividends from investing in your relationship will pay off in the long term.

Chapters:

00:00 - The Importance of Date Night 10:01 - Navigating Change Together 19:57 - Intentional Conversations for Growth Reach out at [email protected] Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]

In this episode of the Building Wealthy Habits Podcast, we dive deep into the overall vision, and investments in 2025 and beyond. We emphasize the importance of understanding your personal financial goals and aligning them with current market trends. From the impact of political and economic uncertainty on investment strategies to the potential of alternative investments like real estate and crypto, this episode offers valuable insights on how to navigate a changing landscape. We discuss the significance of rebalancing portfolios to maintain the right balance of risk and return, and explore how investments like bonds, real estate, and even speculative assets like crypto can fit into your strategy. We also emphasize the need for cultivating a healthy relationship with money, ensuring that your financial decisions align with your personal values to achieve long-term financial freedom. Key Takeaways:

• Set your investment vision for 2025 and beyond.

• Understand the purpose behind your investments.

• Diversify your portfolio to reduce overall risk.

• Prepare for market volatility due to political and economic uncertainty.

• Rebalance portfolios regularly to stay on track.

• Bonds offer compelling opportunities in the current market.

• Real estate remains a stable investment choice.

• Crypto and gold are speculative but worth considering.

• Cultivate a healthy relationship with money for better financial success.

• Align your spending with personal values for greater life satisfaction.

Chapters:

00:00 - Setting the Vision for 2025 Investments 02:53 - Understanding Market Trends and Expectations 06:04 - Navigating Political and Economic Uncertainty 09:09 - Exploring Alternative Investments 11:57 - The Importance of Rebalancing Portfolios 14:52 - Creating a Healthy Relationship with Money Reach out at [email protected] Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected] Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected] Connect with Randy: LinkedIn: https://www.linkedin.com/in/rkbarkley/ Email: [email protected]