Making Bank®️

Welcome back to Making Bank. On today's episode, we have Antonio Garrido who is the author of My Daily Leadership, a powerful Roadmap for Leadership Success, and founder and president of My Daily Leadership. He has over 25 years in senior leadership positions with world-class businesses and is an expert in leadership transformation, shaping high performance leaders out of highly stressed and overworked leaders.  Don’t miss this episode of Making Bank with Antonio Garrido.   (3:21) Background Antonio didn’t come from a business background. In fact, his own father never had an education. However, his father would advise him to start his own company because it is better to be the owner of something small than just a random somebody of something big and this kick started his career. He started, sold and retained about six or seven businesses.   (6:53) Biggest Lessons Allow room for failure and learning. You will not succeed or learn much if you do not allow yourself to fail. However, you must learn from the failures and try harder and smarter the next time. Wisdom comes from evaluated experience and not just time served. So, if you don't evaluate the experience, you lose a valuable lesson.   (14:07) Emotional Intelligence A lot of leaders rely on MBAs, CV, resume and experience as the barometer for success when somebody's recruiting or hiring. But emotional intelligence is also very important and some say it is even more significant than your IQ. Because it also includes social skills and impulse control which are very important in business.   (18:33) Evaluated Experience Take time every day and if you don’t journal, start doing it. Because unless you actively take time every day to try and improve and record these things in your journal to build self-awareness, to figure out how you could have responded better in the moment then you won't eliminate your blind spots.   (22:02) Leadership Insight Start having two affirmations, two really solid beliefs, two commitments for the day which you won’t compromise. three things that you are going to develop,  one thing you're going to explore and one thing that you're going to fix for the day. So, you've got affirmations, beliefs, commitments, things you're gonna develop, explore and one thing that you're going to fix.   (26:23) Mindset Have a mindset of abundance versus scarcity and always remember to be grateful. You're in a tremendously fortunate position, so try and build your gratitude bank because you can't have a positive life if it's filled with negative thoughts.   (28:34) My Daily Leadership If you want to take a leadership health check or take a business health check, and if you are sufficiently concerned with what you read then take a leadership assessment and then fix what needs to be fixed. Head over to www.mydailyleadership.com for more information.   Links www.mydailyleadership.com

Welcome back to Making Bank. On today's episode, we have Antonio Garrido who is the author of My Daily Leadership, a powerful Roadmap for Leadership Success, and founder and president of My Daily Leadership. He has over 25 years in senior leadership positions with world-class businesses and is an expert in leadership transformation, shaping high performance leaders out of highly stressed and overworked leaders.  Don’t miss this episode of Making Bank with Antonio Garrido.   (3:21) Background Antonio didn’t come from a business background. In fact, his own father never had an education. However, his father would advise him to start his own company because it is better to be the owner of something small than just a random somebody of something big and this kick started his career. He started, sold and retained about six or seven businesses.   (6:53) Biggest Lessons Allow room for failure and learning. You will not succeed or learn much if you do not allow yourself to fail. However, you must learn from the failures and try harder and smarter the next time. Wisdom comes from evaluated experience and not just time served. So, if you don't evaluate the experience, you lose a valuable lesson.   (14:07) Emotional Intelligence A lot of leaders rely on MBAs, CV, resume and experience as the barometer for success when somebody's recruiting or hiring. But emotional intelligence is also very important and some say it is even more significant than your IQ. Because it also includes social skills and impulse control which are very important in business.   (18:33) Evaluated Experience Take time every day and if you don’t journal, start doing it. Because unless you actively take time every day to try and improve and record these things in your journal to build self-awareness, to figure out how you could have responded better in the moment then you won't eliminate your blind spots.   (22:02) Leadership Insight Start having two affirmations, two really solid beliefs, two commitments for the day which you won’t compromise. three things that you are going to develop,  one thing you're going to explore and one thing that you're going to fix for the day. So, you've got affirmations, beliefs, commitments, things you're gonna develop, explore and one thing that you're going to fix.   (26:23) Mindset Have a mindset of abundance versus scarcity and always remember to be grateful. You're in a tremendously fortunate position, so try and build your gratitude bank because you can't have a positive life if it's filled with negative thoughts.   (28:34) My Daily Leadership If you want to take a leadership health check or take a business health check, and if you are sufficiently concerned with what you read then take a leadership assessment and then fix what needs to be fixed. Head over to www.mydailyleadership.com for more information.   Links www.mydailyleadership.com

Welcome back to Making Bank. On today's episode, we have Antonio Garrido who is the author of My Daily Leadership, a powerful Roadmap for Leadership Success, and founder and president of My Daily Leadership. He has over 25 years in senior leadership positions with world-class businesses and is an expert in leadership transformation, shaping high performance leaders out of highly stressed and overworked leaders.  Don’t miss this episode of Making Bank with Antonio Garrido.   (4:22) Background Antonio didn’t come from a business background. In fact, his own father never had an education. However, his father would advise him to start his own company because it is better to be the owner of something small than just a random somebody of something big and this kick started his career. He started, sold and retained about six or seven businesses.   (7:54) Biggest Lessons Allow room for failure and learning. You will not succeed or learn much if you do not allow yourself to fail. However, you must learn from the failures and try harder and smarter the next time. Wisdom comes from evaluated experience and not just time served. So, if you don't evaluate the experience, you lose a valuable lesson.   (15:07) Emotional Intelligence A lot of leaders rely on MBAs, CV, resume and experience as the barometer for success when somebody's recruiting or hiring. But emotional intelligence is also very important and some say it is even more significant than your IQ. Because it also includes social skills and impulse control which are very important in business.   (19:36) Evaluated Experience Take time every day and if you don’t journal, start doing it. Because unless you actively take time every day to try and improve and record these things in your journal to build self-awareness, to figure out how you could have responded better in the moment then you won't eliminate your blind spots.   (23:03) Leadership Insight Start having two affirmations, two really solid beliefs, two commitments for the day which you won’t compromise. three things that you are going to develop,  one thing you're going to explore and one thing that you're going to fix for the day. So, you've got affirmations, beliefs, commitments, things you're gonna develop, explore and one thing that you're going to fix.   (27:24) Mindset Have a mindset of abundance versus scarcity and always remember to be grateful. You're in a tremendously fortunate position, so try and build your gratitude bank because you can't have a positive life if it's filled with negative thoughts.   (29:36) My Daily Leadership If you want to take a leadership health check or take a business health check, and if you are sufficiently concerned with what you read then take a leadership assessment and then fix what needs to be fixed. Head over to www.mydailyleadership.com for more information.   Links www.mydailyleadership.com

Welcome back to Making Bank. On today's episode, we have Antonio Garrido who is the author of My Daily Leadership, a powerful Roadmap for Leadership Success, and founder and president of My Daily Leadership. He has over 25 years in senior leadership positions with world-class businesses and is an expert in leadership transformation, shaping high performance leaders out of highly stressed and overworked leaders.  Don’t miss this episode of Making Bank with Antonio Garrido.   (4:22) Background Antonio didn’t come from a business background. In fact, his own father never had an education. However, his father would advise him to start his own company because it is better to be the owner of something small than just a random somebody of something big and this kick started his career. He started, sold and retained about six or seven businesses.   (7:54) Biggest Lessons Allow room for failure and learning. You will not succeed or learn much if you do not allow yourself to fail. However, you must learn from the failures and try harder and smarter the next time. Wisdom comes from evaluated experience and not just time served. So, if you don't evaluate the experience, you lose a valuable lesson.   (15:07) Emotional Intelligence A lot of leaders rely on MBAs, CV, resume and experience as the barometer for success when somebody's recruiting or hiring. But emotional intelligence is also very important and some say it is even more significant than your IQ. Because it also includes social skills and impulse control which are very important in business.   (19:36) Evaluated Experience Take time every day and if you don’t journal, start doing it. Because unless you actively take time every day to try and improve and record these things in your journal to build self-awareness, to figure out how you could have responded better in the moment then you won't eliminate your blind spots.   (23:03) Leadership Insight Start having two affirmations, two really solid beliefs, two commitments for the day which you won’t compromise. three things that you are going to develop,  one thing you're going to explore and one thing that you're going to fix for the day. So, you've got affirmations, beliefs, commitments, things you're gonna develop, explore and one thing that you're going to fix.   (27:24) Mindset Have a mindset of abundance versus scarcity and always remember to be grateful. You're in a tremendously fortunate position, so try and build your gratitude bank because you can't have a positive life if it's filled with negative thoughts.   (29:36) My Daily Leadership If you want to take a leadership health check or take a business health check, and if you are sufficiently concerned with what you read then take a leadership assessment and then fix what needs to be fixed. Head over to www.mydailyleadership.com for more information.   Links www.mydailyleadership.com

Welcome back to Making Bank. On today's episode, we have a compilation of our best parts from our previous episodes of Making Bank where we talk about riding the Rocketship: Engineering Billion-Dollar Business Growth. In case you missed any of the previous episodes, this episode is for you!   (1:33) Brandon Dawson Most people confuse innovation with something like what Elon Musk is doing. Doing something no one has ever done before which is called radical innovation. It’s a pure form of innovation.The innovation people in business should ascribe to is Jim Collins's innovation, which is granular, incremental improvement on the things that you can prove works. In business, this is a safer form of innovation.   (12:57) Cameron Herold At every stage of the company, you need to invest in your people. The more you grow their skills, the more you grow their confidence, the more they'll grow the company for you. So invest in the right people because they will help you bring your business to fruition.    (16:07) Dan Martell Adding another person to your team won’t solve your problems.  That one person adds a lot of complexity. Instead of having two people on your team, have only one because now you have a person that's more streamlined and work is being done better. So if you want a full-time person, give them a few other things to do.   (22:17) John Livesay You have to be your own lifeguard. When disaster happens you cannot expect someone to come help you. You have to pick yourself up. You have to know what to do and where to go and what the next step should be. Because if you wait for someone to come rescue you, you will definitely fail.   (24:41) Kyle McDowell A boss is someone that checks boxes, they are always ready to call you out or point out your errors. Whereas a leader may have the same obligations as a boss but the major difference is the leader actually cares. A leader cares enough to empower, inspire, and to provide a purpose or reinstill passion.   (27:59) Ryan Blair Having a mindset that was built on strength as opposed to one built on weakness, which a lot of people have,when they grew up really comfortable. As a result it's very easy to cultivate a mindset and cultivate a character base that isn't very strong.   (31:45) Larry Brinker Jr It is super important for entrepreneurs to not only build your team the right way, but to also trust your team. Give your team accountability. Give them the autonomy to feel invested in what they're doing. This way the team feels connected to the business and they too will do anything in their power to bring the business up.   Links: @brandonmdawson  @cameron_herold_cooalliance  @danmartell  @thepitchwhisperer  @kylemcdowellinc @realryanblair  @Larry Brinker, Jr

Welcome back to Making Bank. On today's episode, we have a compilation of our best parts from our previous episodes of Making Bank where we talk about riding the Rocketship: Engineering Billion-Dollar Business Growth. In case you missed any of the previous episodes, this episode is for you!   (1:33) Brandon Dawson Most people confuse innovation with something like what Elon Musk is doing. Doing something no one has ever done before which is called radical innovation. It’s a pure form of innovation.The innovation people in business should ascribe to is Jim Collins's innovation, which is granular, incremental improvement on the things that you can prove works. In business, this is a safer form of innovation.   (12:57) Cameron Herold At every stage of the company, you need to invest in your people. The more you grow their skills, the more you grow their confidence, the more they'll grow the company for you. So invest in the right people because they will help you bring your business to fruition.    (16:07) Dan Martell Adding another person to your team won’t solve your problems.  That one person adds a lot of complexity. Instead of having two people on your team, have only one because now you have a person that's more streamlined and work is being done better. So if you want a full-time person, give them a few other things to do.   (22:17) John Livesay You have to be your own lifeguard. When disaster happens you cannot expect someone to come help you. You have to pick yourself up. You have to know what to do and where to go and what the next step should be. Because if you wait for someone to come rescue you, you will definitely fail.   (24:41) Kyle McDowell A boss is someone that checks boxes, they are always ready to call you out or point out your errors. Whereas a leader may have the same obligations as a boss but the major difference is the leader actually cares. A leader cares enough to empower, inspire, and to provide a purpose or reinstill passion.   (27:59) Ryan Blair Having a mindset that was built on strength as opposed to one built on weakness, which a lot of people have,when they grew up really comfortable. As a result it's very easy to cultivate a mindset and cultivate a character base that isn't very strong.   (31:45) Larry Brinker Jr It is super important for entrepreneurs to not only build your team the right way, but to also trust your team. Give your team accountability. Give them the autonomy to feel invested in what they're doing. This way the team feels connected to the business and they too will do anything in their power to bring the business up.   Links: @brandonmdawson  @cameron_herold_cooalliance  @danmartell  @thepitchwhisperer  @kylemcdowellinc @realryanblair  @Larry Brinker, Jr

Welcome back to Making Bank. On today's episode, we have a compilation of our best parts from our previous episodes of Making Bank where we talk about riding the Rocketship: Engineering Billion-Dollar Business Growth. In case you missed any of the previous episodes, this episode is for you!   (1:52) Brandon Dawson Most people confuse innovation with something like what Elon Musk is doing. Doing something no one has ever done before which is called radical innovation. It’s a pure form of innovation.The innovation people in business should ascribe to is Jim Collins's innovation, which is granular, incremental improvement on the things that you can prove works. In business, this is a safer form of innovation.   (13:10) Cameron Herold At every stage of the company, you need to invest in your people. The more you grow their skills, the more you grow their confidence, the more they'll grow the company for you. So invest in the right people because they will help you bring your business to fruition.    (16:27) Dan Martell Adding another person to your team won’t solve your problems.  That one person adds a lot of complexity. Instead of having two people on your team, have only one because now you have a person that's more streamlined and work is being done better. So if you want a full-time person, give them a few other things to do.   (22:36) John Livesay You have to be your own lifeguard. When disaster happens you cannot expect someone to come help you. You have to pick yourself up. You have to know what to do and where to go and what the next step should be. Because if you wait for someone to come rescue you, you will definitely fail.   (25:01) Kyle McDowell A boss is someone that checks boxes, they are always ready to call you out or point out your errors. Whereas a leader may have the same obligations as a boss but the major difference is the leader actually cares. A leader cares enough to empower, inspire, and to provide a purpose or reignite passion.   (28:18) Ryan Blair Having a mindset that was built on strength as opposed to one built on weakness, which a lot of people have, when they grew up really comfortable. As a result it's very easy to cultivate a mindset and cultivate a character base that isn't very strong.   (32:04) Larry Brinker Jr It is super important for entrepreneurs to not only build your team the right way, but to also trust your team. Give your team accountability. Give them the autonomy to feel invested in what they're doing. This way the team feels connected to the business and they too will do anything in their power to bring the business up.   Links: @brandonmdawson  @cameron_herold_cooalliance  @danmartell  @thepitchwhisperer  @kylemcdowellinc @realryanblair  @Larry Brinker, Jr

Welcome back to Making Bank. On today's episode, we have a compilation of our best parts from our previous episodes of Making Bank where we talk about riding the Rocketship: Engineering Billion-Dollar Business Growth. In case you missed any of the previous episodes, this episode is for you!   (1:52) Brandon Dawson Most people confuse innovation with something like what Elon Musk is doing. Doing something no one has ever done before which is called radical innovation. It’s a pure form of innovation.The innovation people in business should ascribe to is Jim Collins's innovation, which is granular, incremental improvement on the things that you can prove works. In business, this is a safer form of innovation.   (13:10) Cameron Herold At every stage of the company, you need to invest in your people. The more you grow their skills, the more you grow their confidence, the more they'll grow the company for you. So invest in the right people because they will help you bring your business to fruition.    (16:27) Dan Martell Adding another person to your team won’t solve your problems.  That one person adds a lot of complexity. Instead of having two people on your team, have only one because now you have a person that's more streamlined and work is being done better. So if you want a full-time person, give them a few other things to do.   (22:36) John Livesay You have to be your own lifeguard. When disaster happens you cannot expect someone to come help you. You have to pick yourself up. You have to know what to do and where to go and what the next step should be. Because if you wait for someone to come rescue you, you will definitely fail.   (25:01) Kyle McDowell A boss is someone that checks boxes, they are always ready to call you out or point out your errors. Whereas a leader may have the same obligations as a boss but the major difference is the leader actually cares. A leader cares enough to empower, inspire, and to provide a purpose or reignite passion.   (28:18) Ryan Blair Having a mindset that was built on strength as opposed to one built on weakness, which a lot of people have, when they grew up really comfortable. As a result it's very easy to cultivate a mindset and cultivate a character base that isn't very strong.   (32:04) Larry Brinker Jr It is super important for entrepreneurs to not only build your team the right way, but to also trust your team. Give your team accountability. Give them the autonomy to feel invested in what they're doing. This way the team feels connected to the business and they too will do anything in their power to bring the business up.   Links: @brandonmdawson  @cameron_herold_cooalliance  @danmartell  @thepitchwhisperer  @kylemcdowellinc @realryanblair  @Larry Brinker, Jr

Welcome back to Making Bank. On today's episode, we have KC Chohan, who is the founder of Together CFO, a tax advisory accounting and tax preparation firm based in Los Angeles, California.His financial strategies have been the best kept secrets of the elite. He's an expert on tax strategy and helps with high net worth families, protect their wealth and reduce taxes. He builds out the same structures as the elite billionaires to be able to legally do things that the average certified public accountant can't do.He has a deep passion for serving others and educating those who are overpaying taxes, and this is what drives his customer loyalty.    Don’t miss this episode of Casey Chohan at Making Bank today.   (2:40) Together CFO Together CFO is a subset of a huge pie. If you think of a family office, it's all about encompassing everything from tax, to insurance, to wealth management and everything in between. Together CFO is one slice of that pie, which is the tax slice plus estate planning slice.   (4:06) Tax Strategies The one common thing that all billionaires have is the thing that goes before the private foundation. That's the part they don't tell anyone. They get all of the tax deductions for charitable giving and then it's into a private foundation where they are the trustees. The key element of it all is something called a complex trust. That's the structure of choice for billionaires.    (8:02) Background “More people want tax savings than they do CFO services. And it's so much easier to explain tax savings than it is CFO services.”, KC Chohan explained how it all started when they pivoted the company to help higher net worth business owners, usually first generation.   (14:05) Billionaire Taxes Most of the elites don't own the assets in their own name. It's the trust that owns the jets, the yachts and everything else. And changing trustees is not a taxable event. You can graduate your kids from being beneficiaries into being trustees and now they control all those assets and there's no taxable event.  (16:08) Tax Loopholes Go to  skool.com/tax and you can get the top 50 tax loopholes that you should be using. If you are paying over $200,000 in taxes, then check out the website. There’s a free tax savings calculator. It is togethercfo.com. It's free to use. Go check out how much you're overpaying and then feel free to set up a call with the team and you’ll be shown how to stop overpaying.   (17:47) Selling A Business  You can save a lot of money in taxes by just changing the ownership structure of everything. The company isn't owned by you. It would be owned by the trust ahead of the sale. So when the sale happens, the trust will receive those funds. So all of those restrictions go away with the trust and you can reinvest that money however you wish, in whatever asset type in whatever time frame you like.   (24:04) Asset Protection It's important as you grow and scale to protect your assets and using a complex trust is arguably the best way to do that because it's a bifurcated ownership. That means the trustee is the fiduciary, but if someone tries to sue the trustee, they can't come after the trust. If someone tries to sue the beneficiary, they can't get the trust assets either. So it ultra protects the assets that are owned by the trust because of this bifurcation.   Link Youtube: TogetherCFO Twitter: @KCchohan_  Facebook: @KC Khurram Chohan  Instagram: @kc.chohan  LinkIn: @Kc Chohan

Welcome back to Making Bank. On today's episode, we have KC Chohan, who is the founder of Together CFO, a tax advisory accounting and tax preparation firm based in Los Angeles, California.His financial strategies have been the best kept secrets of the elite. He's an expert on tax strategy and helps with high net worth families, protect their wealth and reduce taxes. He builds out the same structures as the elite billionaires to be able to legally do things that the average certified public accountant can't do.He has a deep passion for serving others and educating those who are overpaying taxes, and this is what drives his customer loyalty.    Don’t miss this episode of Casey Chohan at Making Bank today.   (2:40) Together CFO Together CFO is a subset of a huge pie. If you think of a family office, it's all about encompassing everything from tax, to insurance, to wealth management and everything in between. Together CFO is one slice of that pie, which is the tax slice plus estate planning slice.   (4:06) Tax Strategies The one common thing that all billionaires have is the thing that goes before the private foundation. That's the part they don't tell anyone. They get all of the tax deductions for charitable giving and then it's into a private foundation where they are the trustees. The key element of it all is something called a complex trust. That's the structure of choice for billionaires.    (8:02) Background “More people want tax savings than they do CFO services. And it's so much easier to explain tax savings than it is CFO services.”, KC Chohan explained how it all started when they pivoted the company to help higher net worth business owners, usually first generation.   (14:05) Billionaire Taxes Most of the elites don't own the assets in their own name. It's the trust that owns the jets, the yachts and everything else. And changing trustees is not a taxable event. You can graduate your kids from being beneficiaries into being trustees and now they control all those assets and there's no taxable event.  (16:08) Tax Loopholes Go to  skool.com/tax and you can get the top 50 tax loopholes that you should be using. If you are paying over $200,000 in taxes, then check out the website. There’s a free tax savings calculator. It is togethercfo.com. It's free to use. Go check out how much you're overpaying and then feel free to set up a call with the team and you’ll be shown how to stop overpaying.   (17:47) Selling A Business  You can save a lot of money in taxes by just changing the ownership structure of everything. The company isn't owned by you. It would be owned by the trust ahead of the sale. So when the sale happens, the trust will receive those funds. So all of those restrictions go away with the trust and you can reinvest that money however you wish, in whatever asset type in whatever time frame you like.   (24:04) Asset Protection It's important as you grow and scale to protect your assets and using a complex trust is arguably the best way to do that because it's a bifurcated ownership. That means the trustee is the fiduciary, but if someone tries to sue the trustee, they can't come after the trust. If someone tries to sue the beneficiary, they can't get the trust assets either. So it ultra protects the assets that are owned by the trust because of this bifurcation.   Link Youtube: TogetherCFO Twitter: @KCchohan_  Facebook: @KC Khurram Chohan  Instagram: @kc.chohan  LinkIn: @Kc Chohan