Ever wondered how your personal finances impact your business as a self-employed consultant or trainer? Do you ever dream of financial freedom? Well, maybe that dream isn’t so far out of reach!
In our latest episode of the Training Business Podcast, Xaviar Gray, founder of Tech and Flow Ventures, sheds light on the often-overlooked connection between personal finances and business success.
Xavier’s journey started with a simple question: “What does it take to achieve the financial freedom enjoyed by those seemingly successful entrepreneurs?”
His insights are invaluable for anyone in a similar position.
Tune in and you’ll learn the following, plus much more:
- Why treating your business as a replicatable model with store-of-value elements is crucial for long-term success.
- Why investing in yourself is just the beginning.
- The significance of building something beyond your own expertise that adds value to your business and can be sold or licensed.
Ready to take control of your financial future?
Don’t miss out on the knowledge that can transform your approach to money, business, and long-term success!
Check out this week’s episode now! And subscribe to get more episodes like this one!
Money is a form of energy.3 buckets strategy to Financial Freedom w/ Xaviar Gray
How do you Achieve Financial Freedom with Buckets?
Imagine your business as the main bucket – it’s got all your hard-earned cash and opportunities. But it’s important to remember that it isn’t a good idea to put all your eggs in one basket.
So, Bucket #1 is the go-getter. Think of it as high-risk, high-reward. Invest in growth, maybe some stocks, or that startup you believe in.
Now, Bucket #2 is more conservative – bonds, maybe some real estate. It’s there to provide a safety net, a cushion for your financial journey. Think long-term stability.
And last but not least, we’ve got Bucket #3. This is where you stash your intellectual property– your courses, your killer frameworks, anything that’s uniquely you. This is your value reservoir, and trust me, it’s got potential.
Remember, money is energy – it needs to flow. Don’t just trade time for dollars. Your business is a player, but it’s not the whole game.
Diversify is the keyword here.
Avoid being in that 40% relying solely on Social Security/Pension down the road.
These three buckets are your ticket to a more robust and secure financial future.
The least efficient way for you to make money is to give your time and energy.3 buckets strategy to Financial Freedom w/ Xaviar Gray
Creating a Financial Fortress.
Imagine store-of-value as your personal economic fortress.
A resilient stronghold that shields your wealth from the volatility of economic storms.
Unlike some investments that might rollercoaster with market whims, a store-of-value is like planting a sturdy tree – it grows steadily, providing shade in the scorching sun and standing tall in the face of financial storms.
This could be anything from precious metals like gold and silver to certain cryptocurrencies or even real estate.
The core idea is to preserve and potentially grow your wealth over time, ensuring that the fruits of your labor aren’t easily eroded by inflation or economic downturns.
It’s a long-term play, a strategic move to secure your financial foothold and create a stable foundation for the future.
Take-aways you do not want to miss 👇
- The Importance of Financial Education
- Strategies for Wealth Building
- Understanding the link between your Personal and Business Finances
- How you can Create Replicable Business Models
- Why it’s Important to Diversify your Investments
- How you can Maximise Efficiency in your Wealth Creation
- How to Achieve Your Financial Freedom
Some resources for you
- Follow Xaviar – LinkedIn
- Find out more about Xaviar’s Work – Tech Flow Adventures
- Learn more about our guest – The Money Guy
Check out the episode today!
Like what you hear? Subscribe to get more episodes like this one!
Xaviar’s comments in this podcast episode should not be construed as individual investment or financial advice. The value of investments and the income from them may go down as well as up, and you could get back less than you invested.
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