We're diving into a topic that might not be the most exciting, but it's definitely something we can't ignore: taxes. It's easy to feel overwhelmed by the tax process, but understanding a few key things can help ease that stress and even save you money. In this episode, I’m gonna give you the lowdown on some tax basics. I'll talk about how the tax system works and what you need to know to make sure you're not leaving any money on the table. I'll also dive into w...
Mar 20, 2023•34 min•Season 2Ep. 128
Are you investing in cryptocurrency? Do you know that you may be subject to taxes on your investments? Join me in this episode as I dive deep into the topic of crypto taxes. From capital gains to income taxes, I’ll cover the different types of taxes you need to know about. Plus, I’ll provide you with useful tips on how to properly report your crypto earnings to the IRS. Whether you're a crypto pro or just dipping your toes into the digital asset world, this episode is a must-listen to ensur...
Mar 13, 2023•35 min•Season 2Ep. 127
It's time for another exciting episode of Money Mentoring Over Coffee, where we get down to the nitty-gritty of all things finance and provide you with expert advice. We've got interesting questions pouring in through our hotline at AskMelNow.com , and we're ready to tackle them all. Get ready for a no-holds-barred conversation about financial security, emergency funds, and so much more. This episode is all about making sure you’re properly equipped to handle your money and stay o...
Mar 06, 2023•55 min•Season 2Ep. 126
As an entrepreneur, you have the opportunity to structure your business in a way that makes the most sense for you. But with so many options available, it can be difficult to know which one is right for your specific situation. Should you be an LLC, a sole proprietorship, or an S Corporation? Well, it depends on your situation and in this episode I'll break it all down for you. I'll walk you through the math and give you a worksheet to help you see if S Corporation is right for your bu...
Feb 27, 2023•23 min•Season 2Ep. 125
Are you tired of the daily 9-5 grind and ready to call the shots as your own boss? If so, buckle up because today's episode is one you won't want to miss! Join me as I delve into a fascinating conversation with my friend, Amy Porterfield , about her upcoming book, Two Weeks Notice , which offers advice for anyone considering making the leap from corporate life to entrepreneurship. Amy will take us on a journey through her experiences and the lessons she learned along the way, giving us...
Feb 20, 2023•38 min•Season 2Ep. 124
For sure, financial freedom is a top priority for all of us. And, who wouldn't want that peace of mind and security that comes with having control of their finances? But the thing is, it's not just about having a high income or a big bank account. It's about having the right habits. That's why I've developed my own framework that helps you make the switch from the habits that are holding you back to the ones that will propel you forward. By taking action and changing you...
Feb 13, 2023•45 min•Season 2Ep. 123
How do your daily behaviors, choices, and habits impact your financial future? More importantly, what are the essential habits to cultivate if you want to create wealth? I’m going to answer these key questions in today’s episode and go even further. I’ve always found that building wealth is like building anything else in life - if you adopt strong habits, those habits become the norm. They become second nature. Understanding and learning the key wealth habits of successful entrepreneurs is a goo...
Feb 06, 2023•44 min•Season 2Ep. 122
How do you measure wealth? If you ask most people, they’ll tell you that they measure it by what’s available in your bank account. However, I actually believe that you measure your wealth in time. Then, when you do that, you start to look at the dollars differently. Here’s what I know, no matter how much money you have in your accounts, if you aren’t in control of your time, it is a poor existence because you’re beholden to someone or something else out of your control. My guest today, Megan Sum...
Jan 30, 2023•59 min•Season 2Ep. 121
What does it actually mean to truly live a life that matters? As much as I always speak about money, wealth, and business, living a life that matters is about the richness of your days. It’s about meaning, impact, and living life on your terms. We need to examine ourselves and our minds, and get clear about what we really want out of life. Spending time with your thoughts will help you take intentional action toward the goals that are relevant to you. So today, I want to help you conduct that se...
Jan 23, 2023•25 min•Season 2Ep. 120
With the start of a new year, I see that the majority of my listeners have the resolution of doing things differently to win the money game. Today I want to give you the tools and tactics you need to change your money story this year for the rest of your life. Yes, there’s volatility around us. News about the economy may make you feel a sense of doom for your financial future. The good news is that this situation has created an opportunity to learn to place our focus, not on the external circums...
Jan 16, 2023•36 min•Season 2Ep. 119
Like most of my elite clients, you’re probably on a journey to building generational wealth because you want to make an impact on those around you: your family, your community, and the causes you care about. Today I’m talking about some wills, trusts, and other resources you can put in place to protect your wealth and legacy against potential lawsuits, fees, and even taxes after you’re gone. As uncomfortable as these conversations can be since they involve the idea of dying, they’re a priority t...
Jan 09, 2023•27 min•Season 2Ep. 118
When it comes to business growth, the possibilities are nearly endless. However, figuring out the best way to do it, to get more clients, or even how to start a business from scratch, can seem like daunting tasks. Instead of starting from scratch, there’s another option where you can take over another business, already successful, and let that business pay for the purchase price. That’s what my dear friend, Nick Bradley, is here to discuss with us today. You can step in and start growing a busin...
Jan 02, 2023•52 min•Season 2Ep. 117
Most money blocks are the result of poorly told stories going on in our heads, stories that hold us back from generating the wealth that we deserve and from fulfilling our birthright: financial freedom. If this is you, I have good news! The problem is that most of these stories came from lessons in your life that were caught, not taught. So now you’re navigating from a money setpoint that was created unconsciously by default and observation. It’s time to take action, to stop ignoring your mindse...
Dec 26, 2022•58 min•Season 2Ep. 116
With the new year quickly approaching, we all start thinking about our goals, dreams, and resolutions. But when we look at the numbers, we see that most people that set New Year’s Resolutions don’t accomplish them. What’s even more surprising, almost no one gets to even write down their goals and make a plan to achieve them. As you’ve heard me say before, goal setting doesn't matter unless you have a system, a process, and a framework for actual goal getting . So today, I’m giving you my fr...
Dec 19, 2022•44 min•Season 2Ep. 115
It’s that time of the year again: taxes are around the corner, and as a proactive entrepreneur, it’s time to get ahead of the game before the end of the year so you reduce your taxes as low as possible, in the most legal way possible, so you can maximize how much of your earnings will remain in your pocket in 2023. Let’s face it, taxes can be one of the largest expenses…but it doesn’t mean there aren’t ways to keep more money in your pocket. In this episode, I'm going particularly deep and ...
Dec 12, 2022•40 min•Season 2Ep. 114
Building sustainable success in business is a common goal for all Affluent Entrepreneurs. This was the goal of today’s guest, Laura Meyer, who went from bankrupt to becoming a seven-figure business owner in only four years. Laura started her first business as a wedding photographer over twenty years ago with rapid massive success. As time passed, she explored other business models and continued to grow, but this growth took over her life and she ended up filing for bankruptcy and having to start...
Dec 05, 2022•51 min•Season 2Ep. 113
If you’re like most entrepreneurs I work with, you probably love the holidays. With the holidays also comes the joy of constant celebration and gift-giving. It’s normal to experience the desire to show your appreciation and gratefulness by being generous to those you love. However, this joyful time can also bring a serious case of holiday hangover come January when the credit card bills come in with a balance higher than what you can actually afford. Today we’re discussing how to plan for your h...
Nov 28, 2022•34 min•Season 2Ep. 112
It’s that time of the year when we all start reflecting… We all take a moment to be grateful for the people in our lives and the things we have. As we celebrate Thanksgiving in the US this week, my hope is to light the path for you to experience a richer lifestyle regardless of where you are in your financial journey. As I’ve touched on before, richness in life goes beyond money, it’s measured in the currency of experiences. If you’re a repeat listener of the podcast (and if not, you should be :...
Nov 21, 2022•36 min•Season 2Ep. 111
You may have heard me say before… no one has money issues. The reality is that they’re actually money symptoms. Symptoms of decisions, choices, and behaviors of the past. I get that can be confronting but it should also be empowering to know that simply changing some behaviors can completely transform your financial destiny. Here’s the deal though, your decisions, choices, and behaviors are impacted by your attitude or learned biases around money and wealth. A bias is a way we process and interp...
Nov 14, 2022•43 min•Season 2Ep. 110
I bet by now you’re tired of hearing that more millionaires are created during recessions than at any other time. Personally, this is something that encourages me when I analyze the current state of the economy: when most people see challenges, an entrepreneur sees an opportunity. That’s why today I want to equip you with the tools you need to fill in the HOW portion of the puzzle. How do you build wealth during a recession? What exactly do you need to do? What is the game plan so you do it the ...
Nov 07, 2022•51 min•Season 2Ep. 109
Have you ever been in a situation where you were trying to make an important financial decision, but just couldn’t? Maybe this is happening to you right now. Maybe you’re holding back because you’re afraid to make the wrong choice. The problem is that you can’t stay living in fear because when you have fear, you don't fully show up. The resistance and uncertainty you feel make you tiptoe around your goals, so you need to find a way to overcome them. My goal is to help show up fully for your...
Oct 31, 2022•48 min•Season 2Ep. 108
One of the best and fastest ways to build wealth and create financial freedom is to elevate your income to get paid more for what you do. Are you struggling, trying to figure out the best way to price your products or services? Do you want to increase your rates and finally get paid what you’re worth? Listen up coaches, consultants, and service providers; spoiler alert: selling hours is NOT the way to reach your financial goals. At the end of the day, my goal is to help you see the importance of...
Oct 24, 2022•51 min•Season 2Ep. 107
“Creating wealth is complicated”. You may have heard this many times or even thought this yourself. But the reality is if you know what millionaires do consistently, AND you do the same…you’ll see how simple it truly is. Now I did say it is simple, and it is. But it still may require work, and when you put in the time and effort you’ll see your path to a new financial destiny accelerate. A Fidelity study showed that 80% to 90% of millionaires are first-generation millionaires, which means that t...
Oct 17, 2022•40 min•Season 2Ep. 106
Financial freedom is a must for you but not because of the money! Our current market situation is filled with uncertainty. News of rate increases and market decreases seem to be the everyday headline. However, your financial destiny doesn’t need to be destroyed just because of recurring uncertainty and challenges. Many will be paralyzed, they’ll wait. They’ll be reactive, instead of proactive. But I don’t want that to be your story. I want you to be able to stand up and rise from the crisis, to ...
Oct 10, 2022•31 min•Season 2Ep. 105
Success depends on the mindset we use to face life and approach our goals. If your mind is wired for mediocrity, how can you ever expect to create success? Changing the way we think is not easy because it doesn't matter how many times we are told how good we are if we have a mindset that continuously gets in the way of our goals. Some people believe that changing one's belief is almost impossible, but I'm here with my friend Brad Bizjack to help you understand that it is not impos...
Oct 03, 2022•46 min•Season 2Ep. 104
Welcome to Money Mentoring Over Coffee, a live session where I answer your burning questions about money and creating your Affluent Life. My goal with this session is to give you the knowledge you need to continue making educated financial choices. QUESTIONS ON THIS EPISODE: 02:28 I just sold my house, what should I do with the funds? 10:42 Should I max out my 401k before going into other investment options? 13:40 Should I get term insurance or life insurance? 19:06 I’m 20 years old and I’m in c...
Sep 26, 2022•23 min•Season 2Ep. 103
Building connections is an important part of life. Our connections with friends, family, or business can positively or negatively alter the course of our lives. Today’s guest is Lou Diamond, who teaches us all about connections and communication as entrepreneurs. Wanting advice on how to prepare before getting on a stage, podcast, or before a sales conversation? Then this episode is for you! Get ready to elevate your money, your wealth, and your life. It is crucial to remember that every contact...
Sep 19, 2022•50 min•Season 2Ep. 102
I think creating a business is one of the best ways to create a life. I mean think about it...doing something you love while making a difference to others at the same time you're making money. Too often we decide to go into business because we want to make a difference AND we would then have complete control and freedom to do what we want in our life. I don't know about you but maybe you felt that way too. But then the truth hit... There was no freedom! There was no control! There was ...
Sep 17, 2022•17 min•Season 2Ep. 101
What do you need to do to build wealth in your 60’s? This special Wealth By the Decade series that was born out of your questions and requests to understand the specific things to focus on depending on your age. In each episode I breakdown the key theme of the decade as well as the primary focus and priorities for the decade that drive wealth. This is about you getting right on the path to financial freedom. Then I give you some decade-specific tactics to execute on and the things to beware of t...
Sep 15, 2022•45 min•Season 2Ep. 100
Today I’m talking to my dear friend, Chris Harder, about how we can lead a rich and wealthy life beyond just accumulating money. If you don’t know Chris, he is a successful entrepreneur, investor, and business advisor. But more importantly, he is focused on impact and generosity through entrepreneurship and how to create lives that are full of richness. We both believe that wealth creation is less about money and more about the behaviors you have. We all have the power of changing our behaviors ...
Sep 12, 2022•49 min•Season 2Ep. 99
