Wealth Without Borders Podcast

It's just so easy to get distracted and become reactive. As entrepreneurs, there are too many things that demand attention, making you lose sight of your focus. 

What a big difference it makes when you gain clarity. When you have a clear vision, it prompts you to identify resources that lead in the direction of working on strategies around achieving your purpose. 

Fionn Wright is a Personal Coach for Entrepreneurs & Executives, China Market Strategist & Advisor, a Digitization Consultant, a ChinaDream & WorldDream Advocate, Media Personality & Speaker, Meditation Teacher, as well as a Worldschooling Father. 

In this episode, Fionn shares how he helps entrepreneurs who have what it takes to scale up in their business but are not exactly sure what needs to be changed.  

What you will learn from this episode: 

• Learn how to get clarity in your life and business, set a vision, create strategies, and identify resources, as well as tools to attain your goals 
• Find one effective means of gaining clarity that’s suited to your personality and learning style  
• Find one thing you can do right now to help bring back your focus, so you become more proactive instead of being reactive 

"Test out different types of meditation. And then, choose one and stick to that."  

- Fionn Wright 

Topics Covered: 

01:17 - Fionn identifies his ideal client 

01:56 - Being a sounding board is what his clients go to him for - giving them third person perspective about life and business 

04:08 - One valuable free action they can do to help solve some of their problems: Start meditating more, everything becomes clear, you have more capacity in your daily life, and you're able to make effective decisions. 

05:53 - Get your FREE eBook, click here: http://fionnwright.com/ 

06:27 - The one book that has been most impactful in his life: Foundation by Isaac Asimov 

07:31 - What can you do right now?

Key Takeaways: 

"I offer a purely objective point of view on someone's life, business, their situation - and support them to really look at that from the third person perspective, and to be able to make effective decisions about where they want to go and what they want to do." - Fionn Wright 

"The number one thing that I find with my coaching clients is, if they either learn to meditate or start meditating more, everything becomes clear, they have more capacity in their daily life, they're able to stay present with what's ever going on for them, and they're able to make effective decisions." - Fionn Wright 

"Sleep / meditation, I would say are both important because it's like having downtime, having time to relax, having time or you can just be at peace with yourself."- Fionn Wright 

"If you just learn to meditate, there's plenty of videos on YouTube or wherever you can learn. And my recommendation would be to test out different types of meditation, and then choose one and stick to that." - Fionn Wright 

People / Resources Mentioned: 

• Foundation by Isaac Asimov 

Ways to Connect with Fionn Wright: 

• Website: http://fionnwright.com/ 

• LinkedIn: https://www.linkedin.com/in/fionnwright 

Ways to Connect with Howard Whiteson: 

• Website: http://www.wealthwithoutborders.net    
• Podcast: https://wealthwithoutborders.net/podcast/  
• LinkedIn: https://www.linkedin.com/in/howardwhiteson   

Are you someone struggling to make an impact on your audience? Is it difficult for you to communicate your ideas and thoughts to the public?  

Understanding the way you tell and speak out your story and ideas to your audience is as important as knowing what your story is all about. Having charisma, and knowing how to communicate your message can have a great impact on how your audience receives your message. Value the way you speak your message because you’ll never know how much your story can inspire others. Bring charisma into your talk! 

Larry Schuster is a speech coach for TEDx for executives and entrepreneurs. He is also the founder of The Storytelling Company, a Shanghai-based company.  

In this episode, Larry discusses the impact of having charisma in speaking to your audience, and the increase of influence that your speech can have. He also shares that the value of how you speak is at least the same as the value of your message.

What you will learn from this episode: 

• Discover the importance of charisma in narrating and communicating  
• Know more about how you can apply charisma in your talks 

• Find out how charisma and changing the way you talk can vastly increase your influence on your audience

“I found that in public speaking if you want an amazing speech, the journey to charisma is also a bunch of little nothings.” 

- Larry Schuster

Topics Covered: 

01:55 - Larry defines his ideal clients 

03:05 - The main problem Larry helps solve for his clients: Little to no impact when speaking to their audience 

04:43 - Understanding stories and changing your behavior: how changing your behavior and the way you tell your stories is important and can increase the impact on your audience 

05:40 - Senior executives want to sound like most other speakers, but understanding the value of charisma in speaking can help you influence your audience and become better at speaking 

06:40 - Larry’s Valuable Free Action: “Well, when people go to our website, our landing page, as you call it, there'll be an assessment waiting for them that will determine what are their weaknesses, what are their strengths, it may be that they have trouble with creating an idea that's unbelievable, that's amazing or they'll find that they're very flat and the list as you know, goes on and on.” 

07:19 - Larry’s Valuable Free Resource: https://www.ted.com/talks 

07:50 - Concept Alert: https://www.ted.com/talks 

08:26 - Question asked to Larry: Can I give you one example of a problem I solved for an executive, for a senior executive, exactly who I'm hoping to reach with this?

Key Takeaways: 

“No idea, there's no speech.” - Larry Schuster 

“Why not be unforgettable in how you say it? You deserve it. Your audience expects it, and your compelling idea definitely is worth it.” - Larry Schuster 

“After all, storytelling is 22 times more memorable than facts. If you want to change behavior, stories are the way to do it. And very often, the speakers, the executives, they need to change behavior. That's it.” - Larry Schuster

People / Resources Mentioned: 

• TED Talks 

Ways to Connect with Larry Schuster: 

• Website: http://larryschuster.com/influence 
• LinkedIn: https://www.linkedin.com/in/larry-schuster-396bab3/ 

Ways to Connect with Howard Whiteson: 

• Website: http://www.wealthwithoutborders.net    
• Podcast: https://wealthwithoutborders.net/podcast/  
• LinkedIn: https://www.linkedin.com/in/howardwhiteson   

Are you having trouble when it comes to understanding your clients? Are you being too ideologically driven that it’s drifting you away from the reality slowly? 

Arrogance and close-mindedness are some of the things you need to avoid when leading your business. Problems and issues may arise because of those. It is a must for business owners to stick their heads into reality and objectively lead their business in order to avoid future conflict and issues that may end up being connected with higher-level issues.

Tibor Baranski is a counsel at Jun He LLP, the first private law firm in mainland China, post-1949. Tibor has also been a member of the Asian ex-pat community in China and in Japan for almost 35 years. In fact, he was the legal counsel to Japanese business interests regarding China since before people even realize that it existed. 

In this episode, Tibor explains the importance of understanding the reality and being ideologically driven in leading your business in order to avoid future issues that may arise and to make your clients happy.   

What you will learn from this episode: 

• Discover the impact of legal issues on your business 
• Learn how having a solid business plan can help you understand your clients’ problems and help you stay in the reality of your business 
• Know more on how accepting the reality can help avoid future conflict and issues 

“Avoid being trendy, keep your eyes on reality.”

-  Tibor Baranski 

Topics Covered: 

02:01 - Tibor defines his ideal client 

02:27 - Problems that Tibor solves for his clients: Legal issues at the operational level, Connecting legal issues to higher-level issues 

02:49 - Denial of reality, lack of understanding of the objective reality, and being ideologically driven, typical symptoms that people with that problem experience 

03:25 - Lack of understanding and arrogance are one of the common mistakes people make 

04:00 - Tibor’s valuable free action: “Well get a very solid business plan and strategy in place, and this should be founded on scenario planning, both in positive and negative circumstances and avoid being trendy. Keep your eyes again on reality.” 

04:16 - Tibor’s valuable free resource: Grab a copy of China Into the Future: Making Sense of the World’s Most Dynamic Economy by W. John Hoffmann and Michael J. Enright 

05:48 - Mentor Alert: Professor K.H. Ting 

06:32 - Question: Why did I choose my profession?  

08:45 - Bonus Question: Why do you believe it's so important to be realistic when it comes to dealing with things in China particularly?

Key Takeaways: 

“Well get a very solid business plan and strategy in place, and this should be founded on scenario planning, both in positive and negative circumstances, and avoid being trendy.” - Tibor Baranski 

“Oftentimes the failures come from unrealistic expectations.” - Tibor Baranski 

“Non-Chinese people, especially in the business area when coming into China tend to be rather detached, sometimes very detached from reality. So, expectations become such that the Chinese people simply cannot deliver on that for a variety of reasons, and it's something that we should be cognizant of when doing business.” - Tibor Baranski

People / Resources Mentioned: 

• China Into the Future: Making Sense of the World’s Most Dynamic Economy by W. John Hoffmann and Michael J. Enright 
• Professor K.H. Ting 

Ways to Connect with Tibor Baranski: 

• LinkedIn: https://www.linkedin.com/in/tiborjr 

Ways to Connect with Howard Whiteson: 

• Website: http://www.wealthwithoutborders.net    
• Podcast: https://wealthwithoutborders.net/podcast/  
• LinkedIn: https://www.linkedin.com/in/howardwhiteson   

Is your brand well protected? Are you sure other people won’t be stealing your ideas and claim them as their own?  

Understanding the importance of protecting your intellectual property and claiming your brand, name, and ideas as your own can lead to more business opportunities and sales. Your trademark is not just an expense, it can also be the future of your business. Protect the authenticity of your business. 

Edward Lehman is Chairman of LehmanBush, a China investment bank, PE, corporate finance, and strategic advisory services firm. He has also been the Current and Legal Affairs Commentator for China State Media for the past two decades. He is the Founder and Managing Director of Lehman, Lee & Xu, a mainland Chinese Law firm, licensed patent and trademark agency. 

In this episode, Edward shares his insights on the importance of protecting your intellectual property and claiming ownership of your brand, name, and ideas. He also shares the value of proactively thinking about the protection of your intellectual property in order to prevent future problems and costs. 

What you will learn from this episode: 

• Discover how to increase sales, business opportunities and avoid losses through proactively thinking and protecting your intellectual property 

• Learn why it is important to protect your brand, name, and ideas through property ownership 
• Know more about how understanding intellectual property can help you protect and claim your brand in different countries as well  

“The idea of a trademark needs to be thought about and protected in a proactive way rather than a reactive one.” 

- Edward Lehman 

Topics Covered: 

02:20 - Edward defines his ideal client 

02:44 - Problems that Edward helps solve for his clients: No framework to protect their idea, brand, and name 

03:31 - Understanding the idea of a trademark and intellectual property, why protecting your IP proactively is important and can help increase business opportunities 

04:30 - Business leaders see the protection of intellectual property as an expense, how filing a trademark is necessary for protecting your business’ ideas 

05:37 - Edward’s valuable free action: “Okay, now, I heard this from one of your other guests. And so, I would say have a lawyer on speed dial and so you're going to be able to have an opportunity to do that.” 

07:12 - Edward’s Valuable Free Resource: http://www.iprhelpdesk.eu/ 

08:00 - Podcast Alert: https://ecorner.stanford.edu/series/etl/ 

Program Alert: https://www.selfauthoring.com/ 

Concept Alert: Wim Hof 

09:12 - Questions asked to Edward: Is it worth protecting your Chinese name, a business name, or product? Is that of name or value? 

Key Takeaways: 

“Be certain, either yourself or use a professional, to get a non-disclosure, non-use, and non-circumvention agreement with regards to your employees because that is all a kind of intellectual property that is produced. There's work for hire, which would be employees when they are doing different things, their intellectual property rights may vest with them unless you have a work prior agreement.” - Edward Lehman 

“When someone comes from a foreign nation, we have to call ourselves something.” - Edward Lehman 

People / Resources Mentioned: 

• Entrepreneurial Thought Leaders Podcast 
• Jordan B. Peterson Self Authoring Program 
• Wim Hof 

Ways to Connect with Edward Lehman: 

• Website: http://www.lehmanlaw.com/ 
• Website: http://www.lehmanbush.com/ 
• Website: http://www.lehmanjones.com/cgi-sys/suspendedpage.cgi 
• LinkedIn: https://www.linkedin.com/in/edward-lehman-mongolian-lawyer-7063164a 
• Email: [email protected] 

Ways to Connect with Howard Whiteson: 

• Website: http://www.wealthwithoutborders.net   
• Podcast: https://wealthwithoutborders.net/podcast/ 
• LinkedIn: https://www.linkedin.com/in/howardwhiteson  

Have you imagined a relaxed and happy retirement life? Have you thought about living better and spending less? Or have you ever thought of retiring early? 

With the expensive cost of living in the US and with the reality that COVID 19 poses, workers over 50 are the first ones to be sacked out from work. And that would be an unimaginable thing to happen when you’re left with no work with dwindling finances. 

It’s time you think about it and consider making a different choice, and that is living abroad.  

Edd & Cynthia Staton are America’s best-known experts on retiring abroad and expat living. They are authors of 3 Amazon best-selling books & creators of an online course called RetirementReimagined! 

In this episode, Ed and Cynthia shared about spending their retirement life abroad where they’ve managed a good standard of living by only spending less. They have never been happier in their lives after the 2008 crisis almost completely wiped out their finances. 

What you will learn from this episode: 

• Find out how to retire sooner than later 
• Find out how to live better in your retirement years by spending less 
• Learn how to preserve your nest egg rather than deplete them 

“Moving abroad can be a trifecta of reducing your cost of living, upscaling your lifestyle, and growing your nest egg. I mean, where else would that be possible?” - Ed Staton 

Topics Covered: 

01:52 - Who is Edd and Cynthia’s ideal client 

02:29 - How living abroad makes living better for less 

03:15 - When you don’t have money, that elicits a great amount of fear and anxiety and that would make for a symptom of retirement problems 

04:48 - Doing nothing and hoping things get better is one mistake people commit before asking for help 

06:12 - What is it that a lot of people don’t know about working until 70? 

07:07 - One valuable free action that can help solve one’s problem: It's best to first do an honest self-evaluation of what you want that life to look like. 

08:11 - Valuable free resource to provide you with a wealth of information about living abroad: https://www.eddandcynthia.com/program  

08:33 - One experience that has been impactful for Cynthia and Edd about living abroad 

Key Takeaways: 

“We show baby boomers, how to retire sooner rather than later with the money they have, how to live better for less, and how to even preserve their nest egg rather than depleting it by moving abroad.” - Cynthia Staton 

“When you realize you don't have enough money, there's always going to be a great deal of fear, anxiety, frustration, I guess even confusion. I mean, it's unnerving to work hard your whole life, and then discover that you may end up living in poverty when you thought this was going to be your golden years.” - Edd Staton 

“The biggest mistake is actually doing nothing and hoping that somehow things are going to get better. The truth is, if you're over 50 and don't already have a sizable nest egg, you just really don't have enough time to accumulate enough savings for retirement.” - Cynthia Staton 

“If moving abroad is a possible solution to your retirement problem, what we advise is don't do what you think you should do, which is immediately jump on the internet and start looking at countries. This is a chance to actually literally make a fresh start in life. So, it's best to first do an honest self-evaluation of what you want that life to look like.”  - Edd Staton 

“When we were at those conferences, we were really struck by how many people were interested in doing this thing called living abroad, and how thirsty they were for knowledge about how to make that happen.” - Edd Staton  

Ways to connect with Edd and Cynthia Staton: 

• Website: https://www.eddandcynthia.com/program 
• LinkedIn: https://www.linkedin.com/in/edd-staton 

Ways to Connect with Howard Whiteson: 

• Website: http://www.wealthwithoutborders.net    
• Podcast: https://wealthwithoutborders.net/podcast/  
• LinkedIn: https://www.linkedin.com/in/howardwhiteson 

Are you struggling to communicate and to be understood in your cross-culture workplace? Did you know cross-culture barriers or challenges restrict your communication with your co-workers, specifically with Chinese Nationals? Do you want to solve that problem? 

It is necessary for us to understand and learn how to communicate with other people in different cultures. Businesses are opening their doors to diversity, welcoming different people with different cultural backgrounds. China, as one of the biggest countries in the world, is also part of this change. Without understanding the importance of communication and solving the communication barriers across different cultures, it can affect not only you and your co-workers but also the business itself. 

Betty Liu is an applied linguist, and anthropologist and a cross-cultural consultant. And Betty helps people to achieve better communication and collaboration given the challenges brought about by language culture, and communication differences. 

In this episode, Betty shares with us how communication can be a barrier and a challenge in cross-culture activities happening in the workplace. She explains the importance of understanding not only communication but also culture when interacting with your co-workers in your workplace. 

What you will learn from this episode: 

• Learn how communication challenges can happen in cross-culture activities and workplace, especially with Chinese Nationals 

• Discover how cultural differences can affect communication between people  

• Find out ways on how to solve these communication challenges especially between English speakers and Chinese Nationals 

“I think that we’re always going to find a way to connect with each other as long as we have goodwill, determination, and patience.” 

- Betty Liu 

Topics Covered: 

01:37 - Betty defines her ideal client 

02:06 - Problem Betty helps solve for her clients: Challenges in communication, encounters, and language in cross-culture activities 

03:44 - If in cross-culture activities that the one side feels the other side is impossible to understand, why understanding and solving communication barriers between cultures is necessary, especially in your workplace 

04:25 - What usually are the common mistakes people make while trying to solve the communication challenges in cross-culture activities? 

06:06 - Betty’s valuable free action: “Well, first of all, I was saying people can go to my LinkedIn because I have put some podcasts on these topics. Second of all, I will introduce people to try to use a language dictionary more often. Not only say English to Chinese but also English to English and Chinese to Chinese.” 

07:24 - Movie alert: Arrival (2016) directed by Denis Villeneuve 

08:12 - Question that Howard should have asked Betty: What is a great time people should reach out to me and ask for my assistance or consultant? 

Key Takeaways: 

“Try to use a language dictionary more often. Not only say English to Chinese but also English to English and Chinese to Chinese. Then, you'll realize the very rich and complex knowledge behind the language and you will become more understandable and also patient when you communicate some way to the second language speakers.” - Betty Liu 

“So, people do have to identify what is exactly is the culture factor we're talking about. Are we talking about perception, and are we talking about value? And also, what is exactly the activity and context we're talking about. So, we're able to solve that and if without clarification, that is a lot of ambiguity and people cannot do anything to solve their problem effectively.”- Betty Liu 

People/Resources Mentioned: 

• Arrival (2016) directed by Denis Villeneuve 

Ways to connect to Betty Liu: 

• LinkedIn: https://www.linkedin.com/in/bettyliu/ 

Ways to connect with Howard Whiteson: 

• Website: http://www.wealthwithoutborders.net  
• Podcast: https://wealthwithoutborders.net/podcast/ 
• LinkedIn: https://www.linkedin.com/in/howardwhiteson 

How do you know that you’ve got it all planned out in your workplace? How sure are you that your premeditated action is going to work in any kind of environment? Do you really want to gamble your time and efforts with that kind of action plan? 

No matter what kind of environment we are in, it is a must for us to understand where we are in and to be flexible. We have to know how to adjust to possible immediate circumstances that may arise anytime, especially in our own workplace. Are you ready for the VUCA world? 

Nick Obolensky has many years’ experience of leadership in the VUCA context as a practitioner (youngest Major in the British Army, and FTSE 100 director in charge of a truly massive turnaround). In addition, Nick is an academic, author, and consultant. 

In this episode, Nick shares how understanding the VUCA environment can help you get better results faster, with less effort, less cost, and less stress in highly uncertain and dynamic environments Hear his insights on the importance of flexibility and adaptivity in the VUCA environment. 

What you will learn from this episode: 

• Discover how to get better results with less effort, less time, less stress and less cost by understanding the VUCA environment 
• Recognize the mistakes you make in a VUCA environment and how to fix them 
• Learn how to respond and adapt to the VUCA environment 

“As soon as things work, you push. When they fail, you pivot.” 

- Nick Obolensky 

Topics Covered: 

01:41 - Nick defines his ideal client 

02:09 - Problems that Nick helps solve for his clients: Understanding the VUCA environment to get better results faster, less effort, less cost, and less stress 

02:45 - Understanding the VUCA environment as to not get overwhelmed in the complexity, why your premeditated action won’t work in a complex, dynamic environment 

03:32 - You need to make decisions fast when working in a complex environment, how making fast decisions is a necessity in a complex environment 

04:18 - Nick’s valuable free action: “I think the first thing is, is to stop and think, you know, get off the hamster wheel. Stop and think. Step back and look at what you're dealing with. Is what you're dealing with simple? Are things complicated? And by the time you know, when you've done the analysis, things have changed. Stop and think, what are you dealing with? Once you've identified what you're dealing with, then you apply the strategy that gets results” 

05:08 - Nick’s Valuable Free Resource: https://www.linkedin.com/company/complex-adaptive-leadership-ltd?trk=public_profile_topcard_current_company 

05:51 - Book Alert: Chaos: Making a New Science by James Gleick 

07:01 - Questions asked to Nick: What's the value? What's the payback? Where's the beef? You know, it's a nice idea, nice concepts. But you know, in reality, and this is about wealth management, where's the wealth creation? Where's the value creation? And can you prove that? 

Key Takeaways: 

“I think the first thing is, is to stop and think, you know, get off the hamster wheel. Stop and think. Step back and look at what you're dealing with.” -Nick Obolensky 

“Not just about money, it's also about less stress, better work-life balance, better family life, better results for less effort. So that is the result. That is the return on these ideas when they're implemented in a VUCA environment- volatile, uncertain, complex, and ambiguous.” -Nick Obolensky 

People / Resources Mentioned: 

• Chaos: Making a New Science by James Gleick 

Ways to Connect with Nick Obolensky: 

• Website: https://www.complexadaptiveleadership.com/
• LinkedIn: https://www.linkedin.com/in/nickobolensky/ 

Ways to Connect with Howard Whiteson: 

• Website: http://www.wealthwithoutborders.net
• Podcast: https://wealthwithoutborders.net/podcast/ 
• LinkedIn: https://www.linkedin.com/in/howardwhiteson

Are you practicing employee engagement in your business? Is the system that you are currently using in your business working on your employees or does it need a significant change? Are you ready to adapt to the new mobile world? 

Matt Spriegel is originally from the US but moved to China 10 years ago. Matt's very passionate about continuous education, and then outside of work, he enjoys tennis, triathlons, and travel. He is the co-founder of ATIOM, an application that aims to make employee engagement and training fun and accessible through the use of technology. 

In this episode, Matt shares the significance of having good employee engagement in your business and how it can have an effect on your employee’s productivity and creativity in the workspace. He adds how adapting to the current technological state we are in can help improve the current system of your business for employee engagement. 

What you will learn from this episode: 

• Learn the importance of employee engagement before it’s too late 

• Recognize how adapting can result in the growth of your business and an increase in productivity from your employees 
• Find out more on how to train and keep your employees engaged through Matt’s app called ATIOM - mobile-first, multi-lingual, plug and play technology to elevate learning and engagement across your organization 

“Build a community and process of learning within the organization. Learning brings people together, increases creativity through the collective, and it gives people a sense of progress, confidence, and growth internally. But it also gives them the sense like they're contributing to themselves and the company.” 

- Matt Spriegel 

Topics Covered: 

1:16 - Matt defines his ideal client 

2:11 - Problems that Matt solves for his clients: Employee engagement and everyday learning gamification 

2:35 -  Lack of employee engagement can really damage their organization from the inside out, why employee engagement is important before realizing it too late 

3:48 -  We see a lot of desktop learning management systems that try to adapt clunky frameworks to a mobile device. And over and over, we see it does not work, how adaptation is a key for success in that area 

5:02 - Matt’s valuable free action: “I'd say build a community and process of learning within the organization. Learning brings people together, increases creativity through the collective, and it gives people a sense of progress, confidence, and growth internally, but you know, also gives them the sense like they're contributing to themselves and the company.” 

5:33 - Matt’s Valuable Free Resource: Go to www.atiom.cn (for those in China) or www.atiom.app (for those outside China) 

6:29 - Book alert: Atomic Habits by James Clear 

7:30 - Question: How did you get your company to where it is there? How did you start the company? 

Key Takeaways: 

“Many companies are actually lagging behind on the internal digital transformation. So while marketing is often an excellent activity, you know, we are missing the chance to build real advocacy from the inside. Providing employees a space to learn at their own pace is extremely critical to building this advocacy and to maintain their top talent.” - Matt Spriegel 

“A lot of companies don't realize that a lack of employee engagement can really damage their organization from the inside out. Often, companies don't know the true cost of having disengaged employees until it's actually too late.”  - Matt Spriegel 

“I'd say build a community and process of learning within the organization. Learning brings people together, increases creativity through the collective, and it gives people a sense of progress, confidence, and growth internally, but you know, also gives them the sense like they're contributing to themselves and the company.” - Matt Spriegel 

People / Resources Mentioned: 

• Atomic Habits by James Clear 

Ways to Connect with Matt Spriegel: 

• Website: www.atiom.app 
• LinkedIn: https://www.linkedin.com/in/matt-spriegel-b908157/ 

Ways to Connect with Howard Whiteson 

• Website: http://www.wealthwithoutborders.net    
• Podcast: https://wealthwithoutborders.net/podcast/  
• LinkedIn: https://www.linkedin.com/in/howardwhiteson

Many people, even some of those in the management team are finding it difficult to understand Finance. As such, generating more profit from their business is one challenge they face.

It is necessary that you cut through the complexities of understanding financial principles to drive business growth.

Andrew Stotz, Ph.D. is an author, financial analyst, and teacher. 

He is the CEO of A. Stotz Investment Research. He was at one time voted no. 1 financial analyst in Thailand. He now provides research and research tools for institutions and high-net-worth investors, as well as helping other CEOs make their companies financially world-class.

He created the ValuationMasterClass.com, the world’s #1 online practical valuation course. And he hosts My Worst Investment Ever podcast, the #1 risk-management podcast that helps future generations reduce their investment risks by learning through the stories of others. Andrew lives in Bangkok with his 82-year-old mother, who will attest that he remains an analyst at heart.

In this episode, Andrew talks about how finance is perceived as confusing and overwhelming to many people. Andrew shares how he helps people break through that complexity, simplify it down to its core element.

What you will learn from this episode: 

• Learn how to make your management team understand fiance to improve your business profitability
• Discover helpful resources to help simplify the understanding of Finance
• Learn about which one is more important  in a business - a high-profit margin or high-profit growth

“I think that it has to be about how do we really simplify these things so that people can start talking in the same language. And what I really work on is empowering people.”  

- Andrew Stotz

02:20 - Andrew defines his ideal client

02:41 - How do Andrew make Finance not as confusing, overwhelming, and difficult as many people find it to be

03:23 - What symptoms do this financial problem bring to management

04:14 - What one thing management does wrong before they consult him about their problem

05:43 - Andrew shares valuable free action about stocks that gives you equity exposure without the risk of picking any one individual stock, country, region, or sector

06:41: Valuable free resource: Go to www.academy.astotz.com and get your FREE course called '40 Investment Words You Need To Know'

07:29 - The book that has been impactful in his life: Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich by Jason Zweig

08:59 - What's the number one thing that a business should be focused on to increase the value of their business?

Key Takeaways:  

“Finance is confusing, overwhelming, many people just find it difficult. What I do is help people breakthrough that complexity, simplify it down to its core elements.” - Andrew Stotz

“Whether it's the HR manager, the Sales Manager, the Marketing manager, many of them find Finance difficult. It ends up being the CEO and the CFO that understand it, and sometimes not even the CEO that well. What I do and I have a program called the Value Accelerator Program where I train the whole management team in a simple way, Finance made ridiculously simple.”  - Andrew Stotz

“I think my biggest experience in terms of people’s mistakes is that they allow the world to overcomplicate it. If they're in the business, they allow the CFO to speak in another language, basically. If it's in the investment world where people are investing, I try to help them cut through all the complexity that financial institutions actually create.” - Andrew Stotz

“This book,'Your Money and Your Brain' looks at functional MRIs and all of the latest studies at the time. That shows us that really when a stock goes up three times in a row, it's like taking a hit of cocaine. And when a stock goes down significantly, it's like being chased by a man with a gun coming after you.” - Andrew Stotz

“Should I have a high-profit margin? Or should I have high-profit growth? And the answer is profit growth.”   - Andrew Stotz

People / Resources Mentioned:

• Get your FREE course called '40 Investment Words You Need to Know', click here: www.academy.astotz.com
• For your Value Accelerator Program go to Finance Made Ridiculously Simple
• For your VT stocks click here: Investor.Vanguard.com
• ValuationMasterclass.com
• Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich by Jason Zweig

Ways to Connect with Ben Ivey: 

• Website: https://www.astotz.com
• LinkedIn: https://www.linkedin.com/in/andrewstotz
• Facebook: https://www.facebook.com/andrewstotzpage
• Instagram: https://www.instagram.com/andstotz
• Twitter:https://twitter.com/Andrew_Stotz
• YouTube: https://www.youtube.com/c/andrewstotzpage
• Podcast: https://myworstinvestmentever.com

• Website: http://www.wealthwithoutborders.net   
• Podcast: https://wealthwithoutborders.net/podcast/ 
• LinkedIn: https://www.linkedin.com/in/howardwhiteson  

As a business owner, where do you want to focus on?--the income-generating task or the menial repetitive task of the business?

Are you aware of how much time you are really losing with menial tasks?

If the latter seems to be the reality, then, it’s about time to deal with it once and for all for you to live the entrepreneur lifestyle that you’ve always wanted.

Ben Ivey is an entrepreneur lifestyle expert, an international speaker, and a mentor. He is CEO of the Entrepreneur Lifestyle. His expertise on this matter helps one to accelerate his business while living a life one truly deserves.

What you will learn from this episode: 

• Discover how to transform your business, create time freedom and live a lifestyle you enjoy
• Pinpoint symptoms to your problems to find solutions that will help you enjoy your journey instead of having your business as a burden to carry
• Become aware of the concept of income-generating tasks so you avoid doing the menial tasks
•  

“If you can trade expectations for appreciation for what you have that create systems to sustainably keep you on track, it can help you move forward in a much more sustainable way.”  

- Ben Ivey

04:32 - What for Ben is a definition of an ideal client

05:19 - What is the problem Ben solves with his clients as a result of them being pulled in multiple directions

06:15 - What symptoms does overwhelm in a client's business bring

07:17 - What are the mistakes entrepreneur commit in trying to solve the problem before they consult Ben

08:35 - One valuable free action they can implement to help them solve their problem: Trade expectations for appreciation.

09:35 - One valuable free resource to help you in solving the problem:  Five Hacks to Overcome Overwhelm.

10:29 - Why the concept of income-generating tasks has been impactful in Ben’s experience

11:30 - What's the best way to go when you are overwhelmed and stressed in your business?

Key Takeaways:  

“It's easy to be pulled in multiple directions, especially nowadays where the entrepreneur of 2020 has got so many options that they become overwhelmed.” - Ben Ivey

“We're in a time of information overload and we are starving of wisdom. So I help these people better manage their time, their emotional state and ultimately start to live a better lifestyle so then they can have a more successful business but enjoy the journey.” - Ben Ivey

“I see people that become so focused on their business that they forget that the business growth will never outgrow the personal growth. And they're scared to take an educated risk in their business and for themselves to move forward.” - Ben Ivey

“Understanding what tasks you do in your business affect income because there's a lot of people that waste time doing tasks in their business, which are quite menial.” - Ben Ivey

• Five Hacks to Overcome Overwhelm
• Muhammad Ali
• Chuck Bodak

Ways to Connect with Ben Ivey: 

• Website: https://www.ben-ivey.com/Entrepreneur-lifestyle-accelerator/
• Linkedin: hhttps://www.linkedin.com/in/benivey92/ 
•  

• Website: http://www.wealthwithoutborders.net   
• Podcast: https://wealthwithoutborders.net/podcast/ 
• LinkedIn: https://www.linkedin.com/in/howardwhiteson