Money Mastery: The Art of Being Your Own Banker (Part 2) #MakingBank #S7E41
Welcome back to Making Bank. On today's episode, we continue on with Chris Naugle, on ‘Money Mastery: The Art of Being Your Own Banker (Part 2)’.
 
Make sure to listen to this Episode of Making Bank with Chris Naugle.
(2:32) Being Your Own Bank
Make your money work for you. It doesn’t have any restrictions. It doesn’t need any sleep. We have been taught our whole life to trade hours for dollars. But we won’t be wealthy because we only have so many hours. Make your money work for you. Do not give up control of it. Learn how to be your own bank by doing exactly what a bank does and take back control of your money.
 
(16:49) The Downside 
If you put 10 grand, you won’t be able to use all 10 grand. It will be around 80%. Whereas in the Bank you can use all 10 grand but you won't have any interest. So, the biggest downside is that for the first few years, you will experience a negative drop and for most people this is a deal breaker. Whatever money you put in, you will not have immediate access or access to all of it. 
 
(24:13) Don’t Use Your Money Immediately
You don’t have to put your money to work immediately. If you have nowhere to put it, just leave it as it is. It is earning more than what the bank is already anyway. When the time is right, the money will be there ready to deploy. If there is a recession you will have more opportunities. 
(26:30) The Best Part
The interest rate you earned with your bank may be temporary but the interest rate earned with this policy is forever.
 
(29:00) Private, Protected & Liquid
The policy is the most private policy and the most protected. That is why many of the rich use it and also it is one of the most liquid assets. 
 
(47:22) Private Money Club
Chris Naugle created a private money club which is the dating site for money making and it allows people from all over to meet up and discuss where their money will go. You swipe left and right to get the deals you need to get connected.
 
Links
@thechrisnaugle
www.chrisnaugle.com
https://moneyschoolrei.com/tmm-j58526478

Money Mastery: The Art of Being Your Own Banker (Part 2) #MakingBank #S7E41

Uncovering the Success Strategies and Mindset of the Top 1% so You can Amplify and Transform Your Life and Business.

Business

Investing

Careers

Management & Marketing

Business News

Shopping

Marketing

Entrepreneurship

Welcome back to Making Bank. In today’s episode, we have a compilation of previous episodes with Scout Sobel, Jonathan Keyser, Josh Elledge, David Baker, David Lekach, Kevin Harrington and Mark Timm, and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.
 
(3:09) Scout Sobel
Start creating a project, develop a product, sell it, and distribute it. Manage a small team, even if everyone works for free. This experience can be the biggest lesson of your life, giving you the confidence to know that you can achieve your goals.
 
(6:40) Jonathan Keyser
In the competitive world of commercial real estate brokerage, it often feels like everyone is fighting and scratching their way to the top. But here's a different approach: focus on helping each other succeed. By supporting one another, we can all thrive and achieve our goals.
 
(9:41) Josh Elledge
Sales isn't about convincing people of anything. Instead, it's about improving someone's life and providing far more value than what they're investing in you. If you can't do that, there's something wrong with your product or service.
 
(18:16) David Baker
Many of us believe we need to follow certain rules to achieve success, but there's always a small minority breaking those rules and finding different paths to the same success. Don't be afraid to forge your own path.
 
(22:05) David Lekach
Interacting with large retailers comes with its own set of challenges. There are pros and cons, and holding your own with these retail partners can be difficult. However, viewing them as partners, not just clients, can make a significant difference in navigating these relationships.
 
(25:44) Kevin Harrington 
Many people approach deals with a "I need a million dollars for 10%" mindset, thinking only of themselves. This selfish approach is all about "gimme, gimme, gimme." In contrast, a good mentor like Mark puts you first, prioritizing your success over their own interests.
 
(30:21) Mark Timm
When you become your mentor's best student, they will double down on you. The key is to find the right mentor and then commit fully to being their best student. This dedication will open up greater opportunities for your success.
 
Tags:
@scoutsobel 
@josh.elledge 
@david_baker_fp 
@david.lekach 
@realkevinharrington 
@themarktimm

Entrepreneurial Excellence: Vision To Victory #MakingBank #S8E45

Welcome back to Making Bank. In today’s episode, we have a compilation of previous episodes with Stefan Georgi, Craig Ballantyne, Trav Lubinsky, David Wood, Drew Manning, Rob Dial, Michael Bernoff, and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.
 
(3:02) Stefan Georgi
Truly understanding your customer on a deep level is crucial, arguably the most important step. Often, we assume we already know our market, so we skip the research. However, diving in and peeling back the layers will provide invaluable insights.
 
(7:30) Craig Ballantyne
The essence of the "Perfect Week Formula" can be summarized in 12 words: Build your business around your life, not your life around your business.
 
(15:37) Trav Lubinsky
The misconception is that e-commerce is like printing money. However, success depends on various factors: focusing on top-line revenue, managing gross profit, ensuring a healthy bottom line, and having sufficient cash flow to support growth.
 
(18:58) David Wood
Imagine being 30% more daring. How would that transform your relationships, your openness with other people, and your performance at work? Embracing boldness in these areas could lead to deeper connections, more excitement, and greater success.
 
(24:25) Drew Manning
We often create stories in our minds about how terrifying something will be, which paralyzes us from taking action. However, when we finally face the challenge, we realize it was much scarier in our imagination than in reality.
 
(30:40) Rob Dial
When I'm negative, I attract more negativity because my brain's reticular activating system seeks proof of it. However, if I focus on my goals and visualize the life I want every morning, my brain will look for and attract the people, places, opportunities, and things that align with my vision.
 
(38:45) Michael Bernoff
Grab attention with phrases like "Look, listen, attention" or "Hey, you're going to be interested in what I share next." Using specific, direct language like "This next part is extremely interesting" engages the listener. When done confidently, it encourages them to pay attention
 
Tags:
@stefangeorgi 
@realcraigballantyne 
@trav 
@_davidianwood 
@fit2fat2fit 
@robdialjr 
@michael_bernoff

Beyond The Startup: Entrepreneurial Success Tips #MakingBank #S8E44

Welcome back to Making Bank. In today’s episode, we have a compilation of previous episodes with John Soforic, Re Perez, Jamie Mustard, Jerry Fetta, Jeff Dudan, Forbes Riley and David Meltzer, and in this episode, you will hear tips and tricks from top entrepreneurs about the guide to success.
 
(3:04) John Soforic
If you're debating whether to share your financial info with your kids, just do it. I mean, why hide it? Being open teaches them important stuff about money, builds trust, and gets them ready for the real world. Plus, it breaks those dumb taboos. So, spill the beans—they'll thank you later.
 
(9:07) Re Perez
Authenticity is becoming a big deal. Whether we realize it or not, we're drawn to companies that are genuine. We want the real deal, not just flashy marketing. So, when it comes to choosing where to spend our money, authenticity matters more than ever.
 
(15:47) Jamie Mustard
Instead of crossing your fingers and hoping for the best, you can deliberately create something iconic in people's minds in no time flat. It's all about taking control and making things happen, rather than leaving it to chance or waiting for years.
 
(22:08) Jerry Fetta
The elite top 1% and even Fortune 500 companies put their top-tier capital into whole life insurance. It's like the ultimate safety net, the gold standard for safeguarding their wealth. They're not messing around with this stuff—it's the cream of the crop when it comes to financial security.
 
(27:46) Jeff Dudan
Balancing excellence with efficiency is a tough gig. That's the game. Living on the edge, pushing boundaries—that's where the real action is. If you're not living on the edge, you're just sitting around.
 
(32:50) Forbes Riley
We don't mentor our kids, we don't spend enough on education for our kids. Yes, they make up 10% of the population, but they're 100% our future. Prioritize your kids' education and mentorship. They might be a small percentage of the population, but they're our future. 
 
(38:33) David Meltzer
Happiness is highly underrated. but we should remember that how we feel sets the tone for everything. Don't get sidetracked by other stuff. Embrace happiness and find joy in the everyday grind. Keep pushing toward your potential, and don't ever give up.
 
Tags:
@the.re.perez 
@realjerryfetta 
@jeffdudan 
@forbes_riley 
@davidmeltzer

Money Mastery: The Art of Being Your Own Banker (Part 2) #MakingBank #S7E41

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