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Guaranteed Human. Welcome to How to Money. I'm Joel. And today I'm talking months ago, literally in the middle of the race. He's a friend of a friend.

We ended up running together, chatting for a few miles. And even though I liked him, I definitely

didn't think, man, this guy should totally be on the podcast. But you can learn a lot about

someone when you're running side by side for half an hour. And it was clear that I'd only

scratched the surface of his story. Phil is a serial

entrepreneur. And like most entrepreneurs, not every venture has been a home run. He's experienced the

highs, the lows, and everything in between when it comes to building businesses. Today, he runs a

company called Multiply, where he helps business owners sharpen their strategy and

build more successful companies.

And the more I learned about Phil's journey, the more I knew I had to bring him on to share

some of that hard-earned wisdom.

So Phil, welcome to the podcast, my friend.

Man, so excited to be here.

And honestly, I could never have imagined 30 minutes into that run that

I mean you'd be sitting here a couple months later on a podcast that's cool pretty goofy right

pretty goofy yeah amazing the way life works isn't it all right so first question I ask everybody

who comes on is what they like to splurgeon so craft beer is is certainly one of my but, you know, I'm not spending so much on craft beer that I'm not saving and investing for the future. What is that splurge for you, my friend? Yeah, I think over the last two years, it honestly has been running. Like, it's the thing that kind of didn't make sense to buy a new pair shoes every two months, you know, and all that gear that you need, like the gels and everything.

But it's been running.

But also, I'll say also this year, it's kind of been our kids.

And we'll get into my story a little bit more later.

But, you know, when you go through a season of bankruptcy and literally

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