November 19, 2024

Episode 77: Less Bad Decisions: How To Build Wealth with Bradley Flowers

46 minutes

In this episode of "The Stuff About Money They Didn't Teach You in School," host Erik Garcia welcomes Bradley Flowers, co-host of "The Insurance Guys Podcast" and owner of Portal Insurance. Bradley shares his unique perspective on improving both golf scores and financial health by focusing on making fewer bad decisions rather than striving for perfection. They discuss how this approach can lead to better outcomes in wealth-building and entrepreneurship.

Bradley and Erik explore common financial mistakes and strategies to avoid them, drawing parallels between golf and financial decision-making. Bradley also shares insights from his entrepreneurial journey, emphasizing the importance of long-term success by minimizing errors.

Tune in to learn how a shift in mindset can enhance both your financial literacy and your golf game.

Episode Highlights:

Bradley shares his experience with VR golf and how it helps him practice managing mistakes. (02:07)

Bradley’s story of playing with a PGA coach and the lessons on controlling risk and avoiding catastrophic mistakes. (05:27)

Bradley shares a personal anecdote about winning a dollar from a PGA tour golfer and how smart risk-taking led to success. (12:29)

Erik explains a lesson from his mentor on the importance of choosing safe, consistent gains over risky decisions. (15:23)

Bradley shares his approach to avoiding financial mistakes by consulting with a financial advisor. (20:41)

Bradley discusses the value of hiring for weaknesses and the difference between business focus and overextending with multiple ventures. (29:26)

Bradley discusses how prioritizing relationships over profits helped him gain valuable business insights. (37:21)

Erik and Bradley conclude with reflections on avoiding hasty decisions by surrounding oneself with supportive people. (44:46)

Key Quotes:

“My whole strategy in a nutshell is to never put all the chips on the table. You know what I mean? Like I'm never going to put everything at risk. And, you know, I think it's having good people around you because it's easier.” - Bradley Flowers

“Your education is really the only thing that can’t be taken away from you. It’s the relationships and the connections...like that’s really where the value is.” - Bradley Flowers

“Build your strengths, not your weaknesses, don’t put it all on the table, be smart.” - Bradley Flowers

Resources Mentioned:

Bradley Flowers LinkedIn

The Insurance Guys Podcast

Portal Insurance

Erik Garcia, CFP®, BFA

Xavier Angel, CFP®, ChFC, CLTC

Plan Wisely Wealth Advisors

...more

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By Erik Garcia, CFP®, Xavier Angel

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