The Ecommerce Influence Podcast: Advanced Acquisition And Retention Strategies For Fast-growing Online Brands
276: How to Build Wealth Outside of Your Business
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:36:14
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Sinopsis
The reality is most entrepreneurs won't reach the singular exit that retires them for life. So why is their strategy to build wealth rooted 100% in their business? It's common for entrepreneurs to feel the urge to go all in and invest 100% in their business. But spoiler alert: Running a business is hard and selling your business for enough to spend your retirement at the Four Seasons with a pina colada in hand is even harder. In today's episode, Andrew Foxwell and I talk about how entrepreneurs can build wealth outside of their business by focusing on three different buckets of investments, why a diversification strategy is something to consider, and how we are preparing for looming financial issues that are on many people's minds. Episode Highlights 6:27 Establishing what financial freedom looks like for you 9:27 The three buckets of investments 10:38 How Austin and his wife got into real estate investing 16:08 Austin and Andrew's stock market strategy to build wealth 19:18 Protecting yourself from an in