From Busy to Rich

By Wes YoungBusiness Entrepreneurship Careers Management

From Busy to Rich episodes

February 12, 2025E126 – Baking a cake or building a company, Recipe for success Part 4
Click here to watch the video version
In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin continue the discussion around the metaphor of baking a cake to illustrate building a successful financial advisory practice. They emphasize the importance of creating a peak performance team by filling key roles such as lead advisor and project manager. They highlight the concepts of "bicycle growth" (immediate productivity boosts through hires or technology) and "bamboo growth" (sustainable, long-term development). Justin shares insights from his military experience, underscoring the impact of augmenting teams with the right personnel. Listeners are encouraged to assess their team structure and utilize provided resources for improvement.
In today’s episode we will cover:
Creation and assessment of an organizational chart
Concepts of "bicycle growth" vs. "bamboo growth"
Role of technology in enhancing productivity
Process of identifying and hiring the right candidates
Importance of clarity and structure in the workplace
Utilizing existing networks for recruitment and hiring strategies
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
Link to Organizational Chart Template: A must-have tool to map out your team structure.
Link to Hiring Process Video: Featuring Stephanie and Cara, this video walks you through our hiring process and what success looks like at various milestones.
Link to Triple T Tool: Helps streamline your practice and focus on high-value activities.
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
28 min
February 05, 2025E125 – Leveraging the Impact Zone with Dr. Samantha Herrington
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In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin interview Dr. Samantha Herrington, COO of a wealth management practice and founder of Ultimate Impact. They discuss achieving peak performance in financial advisory practices by aligning professional strengths with personal passions. Dr. Herrington emphasizes the importance of energy management over time management, the concept of the "Impact Zone," and the significance of generosity and an abundance mindset. They offer practical strategies for financial advisors to enhance their profitability and quality of life by focusing on high-impact activities and strategic alignment.
In today’s episode we will cover:
Aligning professional strengths with personal passions
Concept of the "unlived life within us" and envisioning a fulfilling future
The "Impact Zone" and its components: strengths, passions, and organizational vision
Distinction between energy management and time management
Significance of the "Rejuvenation Zone" for overall well-being
Balancing obligatory tasks with high-impact activities
Emphasizing a mindset of generosity and abundance in professional practices
Samantha’s LinkedIn
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
31 min
January 29, 2025E124 – “Killing Sacred Cows 2.0” with bestselling author Garrett Gunderson
Click here to watch the video version.
In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin welcome Garrett Gunderson, a bestselling author, financial expert, and comedian. Garrett shares his journey from running a successful financial firm to blending comedy with financial education. They highlight the importance of living a fulfilling life, holistic financial planning, and the concept of a "family bank" inspired by the Rockefeller method. Garrett emphasizes the value of giving before asking for help, creating rituals and traditions within families, and leveraging whole life insurance for long-term wealth and legacy.
In today’s episode we will cover:
Transition from managing a financial firm to pursuing a passion for educating others and for comedy.
Importance of living a fulfilling life and finding purpose.
The role of humor in enhancing learning and retention in finance.
Concept of the "family bank" and its significance in wealth preservation.
Overview of the Rockefeller method for maintaining family wealth across generations.
Importance of storytelling and rituals in family legacy and values.
Practical applications of financial strategies for seizing opportunities.
Encouragement to focus on giving and creating value in relationships.
For the chance to receive a free copy of one of Garrett’s books see details below:
The first 5 people to leave a podcast review on Apply or Spotify and email a screenshot to [email protected] will receive a copy of Killing Sacred Cows 2.0
Anyone who leaves a review of Killing Sacred Cows 2.0 on the internet and sends Garrett a DM or email with the screen and subject “Wesley Licensing” will receive 3 free audio book version of Garrett’s other bestselling works
All transform learning series participants who enroll in the January 2025 class will receive a free copy of the book.
Garrett.live
Garrett’s Instagram
Garrett’s Website
Email: [email protected]
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
50 min
January 22, 2025E123 – Baking a Cake or Building a Company, Recipe for Success Part 3
Click here to watch the video version.
In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin discuss strategies for financial advisors to enhance business efficiency and quality of life. They introduce the "Mind Vault Method," a technique for preparing for client meetings by recording insights and agendas in advance. This method aims to save time, ensure consistency, and reduce stress.
In today’s episode we will cover:
Key ingredients for business success.
High-value financial planning processes and overcoming client resistance.
Introduction and explanation of the "Mind Vault Method"
Benefits of the Mind Vault Method, including time efficiency and reduced stress.
Practical applications of the Mind Vault Method in client management and project management.
The significance of preparation in delivering effective client communication.
Tools and resources available for financial advisors to improve their practices.
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
24 min
January 15, 2025E122 – Baking a Cake or Building a Company, Recipe for Success Part 2
Click here to watch the video version.
In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin explore key elements for achieving business success in the financial advisory sector. Building on their previous discussion, they emphasize the importance of a high-value financial planning process. Wes introduces the concept of the "unlived life," highlighting the gap between clients' current and desired lives. He outlines a structured onboarding process with phases like Location, Expectation, Direction, and Execution to guide clients effectively. The episode underscores the need for personalized financial planning to help clients overcome resistance, achieve their goals, and enhance their overall quality of life.
In today’s episode we will cover:
Importance of a high-value financial planning process in the financial advisory sector.
Concept of the "unlived life" and the gap between current and desired life.
Structured onboarding process for new clients, including phases: Location, Expectation, Direction, and Execution.
Creating a financial snapshot to visualize clients' current financial situations.
Importance of tax intelligence and collaboration with CPAs for effective financial planning.
Family bank velocity strategy for structuring liquid assets to support financial goals.
Addressing potential what-if scenarios to prepare clients for uncertainties.
Ongoing communication and regular check-ins to assess progress and adjust financial plans.
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
37 min
January 08, 2025E121 – Baking a Cake or Building a Company, A Recipe for Success
Click here to watch video version
In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin explore the essential ingredients for business success, focusing on vision development and execution. They draw parallels between cooking and business, emphasizing the importance of having the right strategies in place. Wes outlines a structured approach to creating a three-year, one-year, and 90-day vision, stressing the need for clear, actionable goals.
In today’s episode we will cover:
Importance of mastering key ingredients for business success
Vision development as a critical ingredient for success
Structured approach to creating a three-year, one-year, and 90-day vision
Collaboration and feedback in refining business vision
Significance of high-quality strategies and practices in business
Actionable steps aligned with the vision for effective implementation
Identifying measurable economic drivers for business sustainability
Utilizing resources and templates for goal refinement and strategy enhancement
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
Access the Peak Performance Path tool FREE for 30 days when you sign up here.
30 min
January 01, 2025E120 – Core Ingredients for Transformation
Click to watch video version
In this episode of "From Busy to Rich," hosts Wes Young and Justin Lakin explore the essential processes and methodologies financial advisors need to enhance their practices and client relationships. Like baking a cake,, they emphasize the importance of having the right ingredients in the right proportions. Key topics include engaging clients through compelling conversations, transforming tax discussions, ensuring profitable practice growth, and developing a clear vision.
In today’s episode we will cover:
Enhancing client engagement and satisfaction through defined processes
Designing a high-impact client journey for better client experiences
Cultivating high-performance teams within advisory practices
Providing unique insights during key planning periods, such as tax season
Emphasizing the role of fun and enjoyment in the workplace
Strategies for profitable practice growth and maintaining healthy margins
Continuous learning and community support for financial advisors through programs like the Transform Learning Series
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
“Early Bird” Discount for January 2025 Transform Learning Series - PODCASTEARLYBIRD
1-Payment
2-Payments
3-Payments
30 min
December 25, 2024E119 – The Psychology of Money, with YNAB founder Jesse Mecham
Click here to watch video version
In this episode of "From Busy to Rich," hosts Justin Lakin and Wes Young welcome Jesse Mecham, founder of YNAB (You Need A Budget). Jesse shares his journey from aspiring accountant to financial expert and entrepreneur. He emphasizes the importance of viewing money as a tool for achieving personal goals and reducing stress. The discussion covers Jesse’s entrepreneurial experiences, the significance of aligning spending with personal values, and the concept of "giving every dollar a job." Jesse also introduces his upcoming book, which aims to reshape how people think about money, advocating for financial awareness and self-care.
In today’s episode we will cover:
Jesse Mecham's personal journey from aspiring accountant to financial entrepreneur
The founding and evolution of YNAB (You Need A Budget)
Understanding the true purpose of money as a tool for achieving goals
The concept of "giving every dollar a job" in budgeting
The significance of aligning financial decisions with personal values
The role of financial advisors in supporting clients' financial journeys
The impact of awareness on financial management and decision-making
Emphasizing self-care and stress reduction through financial control
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
We highly encourage you to follow Jesse’s journey and learn more by visiting his site below and checking out the great resources he has available.
YNAB website
The YNAB Podcast
33 min
December 18, 2024E118 – Dancing with Risk!
Click here to watch the video
In this episode of "From Busy to Rich," hosts Justin Lakin and Wes Young explore the theme of risk in both business and personal contexts. They discuss risk management strategies, emphasizing the importance of grounded optimism and preparedness. They highlight tools like assessments to reduce uncertainty in hiring and business growth. Collectively, they advocate for a balanced approach to risk, combining realistic assessments with strategic planning to navigate uncertainties and achieve growth.
In today’s episode we will cover:
The nature and omnipresence of risk in business and personal decisions.
The concept of "dancing with uncertainty" and preparing for various outcomes.
The distinction between manageable risks and inherent risks.
The role of risk management in hiring and team building.
The impact of grounded optimism versus grounded pessimism on decision-making.
Embrace risk as a catalyst for growth and success.
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
“Early Bird” Discount for January 2025 Transform Learning Series - PODCASTEARLYBIRD
1-Payment
2-Payments
3-Payments
31 min
December 11, 2024E117– Happy Habits of High-Performance People
Click here to watch the video version
In this episode of "From Busy to Rich," hosts Justin Lakin and Wes Young explore the "happy habits of high-performance people.". They discuss balancing ambition with gratitude and introduce the "macronutrients of happiness": enjoyment, satisfaction, and meaning. They introduce practical strategies to integrate these elements into daily routines, aiming to transform work from a burden into a fulfilling and joyful experience.
In today’s episode we will cover:
Happy habits of high-performance individuals
Importance of enjoyment and satisfaction in work
Balancing ambition with gratitude
The macronutrients of happiness: enjoyment, satisfaction, and meaning
Practical applications for cultivating happiness in work
We hope you enjoy this episode, and we would love to hear your feedback by having you leave a review. Have a question for us to answer on the podcast? Let us know here!
If you’re an advisor and want to further explore these or other topics, you can learn more at www.wesyounglive.com. Maybe you’re interested in taking your own planning journey in a new direction, in that case we would love to have you join us in one of our coming Transform Learning Series.
“Early Bird” Discount for January 2025 Transform Learning Series - PODCASTEARLYBIRD
1-Payment
2-Payments
3-Payments
37 min

About From Busy to Rich

From the publisher's feed

In an effort to get the most out of life many people often live a margin-less life, and leave many things undone. In the Busy to Rich Podcast Wes provides unique insights from over 20 years in…