Everyone wants to make and have more money but understanding all the available financial options and opportunities can be overwhelming. Many agency owners are juggling debt, income, personal and professional mortgages, and complex investment plans, most of which are managed by advice we were given by our parents when we were young. We’ve heard of ways to use our money to make money, but it all sounds a little impossible to believe.
Adam Carroll is one of the nation’s top financial educators and he is here to cut through the confusion and show how viable many of these options really are. Adam is a long-time friend of the Agency Management Institute, and this conversation is his third visit to the podcast and follows his well-received appearance at the Build A Better Agency Summit.
In this episode of Build a Better Agency, Adam and I discuss a lot of the available tools and methodologies available for helping people reach financial security and freedom faster and in much bigger ways than might seem possible. We look at ways to double your money in 3 years, better understand the power of compound interest, and identify the different kinds of legacy. We talk about how we all need to start thinking about wealth differently by starting to ask ourselves bigger, different questions about our goals and dreams.
A big thank you to our podcast’s presenting sponsor, White Label IQ. They’re an amazing resource for agencies who want to outsource their design, dev, or PPC work at wholesale prices. Check out their special offer (10 free hours!) for podcast listeners here.
What You Will Learn in This Episode:
- Understanding the “Shred Method” for reducing debt
- How to double your money in 3-5 years
- Why it doesn’t make sense to hold onto a long-term mortgage
- The power of compound interest
- Identifying the 4 kinds of legacy
- Equity planning
- How to start thinking differently about wealth
- The importance of joining a Mastermind