What would be considered good debt when you’re trying to build wealth?

There is a type of debt that can be considered “good” when used strategically to build wealth, which is commonly referred to as “investment debt” or “leveraged debt.

Overall, leveraging can be a solid strategy for building passive income over time, but it’s important to approach it carefully and with a solid understanding of the risks and potential rewards involved.

Characteristics of debt-free people, they

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

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The post S3E18: Do you have what it takes to be Debt Free? first appeared on The Family Business.

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In this episode Murray exposes the BIG LIE as he dissects the typically subtle differences between Financial Success vs. Financial Freedom. Not recognizing the difference could trap you in a financial cage!

Financial Success vs. Financial Freedom

Many of us focus on financial success, especially when we are first starting out. Do you believe that being successful means making a considerable amount of money? If we were to take a look at some of the wealthiest people in the world what we will learn is that a high percentage of them make money from multiple streams of income.

The difference between these two mindsets to me is drastic – I call one financial success and the other financial freedom.

Financial success requires our ongoing participation to generate revenue on a continual basis.

Financial Freedom to me is not having to work for money and having the freedom to do what you want when you want – your income continues regardless. Think of Financial Freedom as the ultimate destination – and everything else is a stepping stone on the way.

In this episode, we discuss the difference between the two to understand how to achieve the latter. Join in as I walk you through the ways and means to become financially independent!

Value points:

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

Join the conversation on Social: Facebook, LinkedIn, Instagram, YouTube, Twitter, TikTok

The post S3E17: Financial Success vs. Financial Freedom first appeared on The Family Business.

The post S3E17: Financial Success vs. Financial Freedom appeared first on The Family Business.

This episode will give you an overview of how to build wealth plans of residual income and lead your family into living life on their own terms.

Join me for my Interview with Kelsey Soares from the Closing Deals in Heals Podcast as we reveal how to manage your time in order to market and build each business.

We discuss how Web3, Cryptocurrency and NFTs are changing the game in the future and why we should be paying attention to this market.

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

Join the conversation on Social: Facebook, LinkedIn, Instagram, YouTube, Twitter, TikTok

More About Kelsey Soares

Kelsey Soares has recruited multi billions of dollars to AnnieMac Home Mortgage as an industry leading Recruiter & National Business Development Manager. She was Awarded Most Powerful Women in Mortgage Banking by National Professional Mortgage Magazine, Landing the Cover of Women with Vision Magazine, Podcast Host of Closing Deals in Heels and sought after speaker.

In a single year Kelsey hit an all-time high of acquiring 1.2 Billion dollars in loan officer production.

Kelsey & her team work directly with the Top 1% of mortgage loan officers across America. She builds proven customized growth plans specific to the goals of each producer and their work life balance preferences. Kelsey guides her recruits to the path for achieving generational wealth utilizing her specialty program AnnieMac’s Acceleration Blue Print so they can achieve massive levels of community impact, legacy building & financial security.

The post S3E16: Developing Multiple Streams of Income first appeared on The Family Business.

The post S3E16: Developing Multiple Streams of Income appeared first on The Family Business.

Did you know that the United States tax system is designed to incentivize entrepreneurship and small business ownership? That’s right, there are several ways in which the tax code favors business owners over employees. Here are five of the biggest ways:

The 8 Sources of Residual Income

The 5 Steps to Financial Independence

Financial Independence MasterClass

The Power Shift Video

Your personalized Financial Map

How can I create Residual Income

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family. 

Join the conversation on Social: Facebook, LinkedIn, Twitter, Instagram

The post S3E15: The 5 biggest ways our United States tax system incentives Business Owners vs. Employees first appeared on The Family Business.

The post S3E15: The 5 biggest ways our United States tax system incentives Business Owners vs. Employees appeared first on The Family Business.

Three important points that David Bach makes in “The Automatic Millionaire” are:

My take on the best way for the average person to start the process of becoming an automatic millionaire following this philosophy:

By following these steps and consistently automating your savings and investment contributions, you can set yourself on the path to becoming an automatic millionaire over time.

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family. 

Join the conversation on Social: Facebook, LinkedIn, Twitter, Instagram

The post S3E14: The Automatic Millionaire: Commentary on David Bach’s Best-Selling Book first appeared on The Family Business.

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We are most vulnerable when we have heightened emotions such as fear, anxiety, or excitement.

To avoid falling for scams:

According to the Federal Trade Commission (FTC) in the United States:

Some of the most sophisticated and common scams that have stolen millions of dollars from people include:

Scammers use a variety of tactics to gain their victim’s trust, including:

To recognize and avoid these scams, you should:

If you suspect that you have been the victim of a scam, report it to the appropriate authorities, such as your bank, the Federal Trade Commission, or the local police.

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

Join the conversation on Social: Facebook, LinkedIn, Instagram

The post S3E13: How to recognize and avoid a scam! first appeared on The Family Business.

The post S3E13: How to recognize and avoid a scam! appeared first on The Family Business.

Only 3% of Bz make 1m +

Out of every 100 people only 3 make $1m

The Stages of Learning in the Hierarchy of Confidence

Competence leads to confidence

Once your competence breeds confidence growth is then exponential.

Why do we get stuck?

You need guidance & clarity.

Break the perfectionist mentality.

What is the shiny object syndrome and How can I avoid it?

Once you get there, it’s not as hard as you think to go from $1 million to 10,000,000!

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

Join the conversation on Social: Facebook, LinkedIn, Instagram

The post S3E12: How to build your business to 7 Figures and beyond! first appeared on The Family Business.

The post S3E12: How to build your business to 7 Figures and beyond! appeared first on The Family Business.

“Think Like a Monk” Here is my summary and my take on the book by Jay Shetty.

Jay submits that if we incorporate the following 5 habits into our daily activities we can live a more fulling and happy life!

1.     Develop a daily mindfulness practice

2.     Focus on serving others

3.     Let go of attachment

4.     Embrace discomfort

5.     Develop a sense of purpose

What is the Monk Mind vs. Monkey Mind? 

These comparisons highlight the key differences between the two modes of thinking and suggest that by cultivating our “monk mind” we can live more fulfilling and purposeful lives.

To begin thinking more like a monk and less like a monkey, you can try incorporating some of the following practices into your life: 

Developing more meaningful relationships require:

By incorporating these practices into our relationships, we can develop deeper, more meaningful connections with others and live more fulfilling lives.

You can begin to cultivate a more monk-like mindset, characterized by greater focus, clarity, and peace of mind.

It takes time and effort to develop these habits, but with consistent practice, you can gradually shift from monkey mind to monk mind.

Overall, “Think Like a Monk” is a thoughtful and practical guide to living a more purposeful and mindful life and it encourages us to develop a daily mindfulness practice, focus on serving others, let go of attachments, embrace discomfort and find a sense of purpose and meaning in life.

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

Social: Facebook, LinkedIn, Instagram

The post S3E11: Think Like a Monk first appeared on The Family Business.

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You probably won’t hear this from many Top Leaders in Network Marketing.

NWM has the awesome potential to create residual income however in reality it is more Active than Passive Income for many of its participants!

The compensation plans developed by Network Marketing company’s typically rewards the behavior based on your hard work through product sales, new team member recruitment and development, incentive bonuses and rewards however it all relies on your effort…at least in the beginning!

To create residual income you need to build a team and have a Millionaire Mindset of leverage “I’d rather earn 1% of 100 peoples efforts than 100% of my own”

2. Irrefutable Truth #2: Statistically, the vast majority of people treat their NWM income like Lottery winnings.

Winning the lottery is a long shot but holding on to the money has a more predictable outcome!

In one study of winners, 5 years after the big win, 70% of them had spent every last dime of their jackpot.

To avoid this happening to you commit to

In NWM we’re leveraging people’s efforts through team building to create a residual income!

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

Join the conversation on Social: Facebook, LinkedIn, Instagram

The post S3E10: The Two Irrefutable Truths of Network Marketing first appeared on The Family Business.

The post S3E10: The Two Irrefutable Truths of Network Marketing appeared first on The Family Business.

Join me for my Interview with Kelsey Soares from the Closing Deals in Heals Podcast

Kelsey Soares has recruited multi billions of dollars to AnnieMac Home Mortgage as an industry leading Recruiter & National Business Development Manager. She was Awarded Most Powerful Women in Mortgage Banking by National Professional Mortgage Magazine, Landing the Cover of Women with Vision Magazine, Podcast Host of Closing Deals in Heels and sought after speaker.

In a single year Kelsey hit an all-time high of acquiring 1.2 Billion dollars in loan officer production.

Kelsey & her team work directly with the Top 1% of mortgage loan officers across America. She builds proven customized growth plans specific to the goals of each producer and their work life balance preferences. Kelsey guides her recruits to the path for achieving generational wealth utilizing her specialty program AnnieMac’s Acceleration Blue Print so they can achieve massive levels of community impact, legacy building & financial security.

In today’s episode you will learn:

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family.

Join the conversation on Social: Facebook, LinkedIn, Instagram

The post S3E9: Learn Powerful Recruiting Hacks from a Master!  first appeared on The Family Business.

The post S3E9: Learn Powerful Recruiting Hacks from a Master!  appeared first on The Family Business.