5 • 853 Ratings
🗓️ 1 November 2022
⏱️ 43 minutes
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We build a great business, we have a consistent and solid revenue stream from our boutique, but then what? Is the plan to sell the business, or to generate enough revenue to feed into other investments—or something else entirely? Dominique Broadway, personal finance expert, money therapist, entrepreneur, and founder and CEO of Finances Demystified, joins me today to answer the question: what is the long-term plan for the business we are creating today?
Get comfortable and listen in as we dive into some of the common misconceptions about investing and protecting yourself long-term with wills, trusts, and real estate. You'll also hear about how your investments fit into your long-term business and wealth goals, what we all need to know about our money mindset before we start investing, and how to start investing by growing what you already have.
Learn More About the Boutique Hub Here: https://theboutiquehub.com/join/boutique/
Resources:
Dominique Broadway: Website
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
The Game of Life and How To Play It by Florence Schovell Shinn
Ashley Alderson: Instagram
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0:00.0 | One of the questions that I feel like I've been hearing a lot or conversations I've been having a lot recently, |
0:05.7 | especially after the boutique hub launched its own mastermind, and we hosted a few weeks ago in L.A. |
0:12.1 | Is about what's beyond the boutique? |
0:15.3 | So we build this great business. |
0:17.0 | We have this solid revenue stream. |
0:20.1 | But then what? Is the plan long term to sell the business? Is it to |
0:24.1 | build enough revenue to feed into additional investments that similarly pay ourselves back in |
0:29.0 | another form of revenue like investing in real estate or the stock market or other businesses? |
0:34.6 | What is the long term plan with the business we're creating today? |
0:38.9 | And so today I'm so excited because I'm going to attempt to answer this question |
0:42.8 | through a conversation with an awesome guest who I can't wait to introduce you to, |
0:47.7 | my friend Dominique Broadway, who is the founder and CEO of Demystify Your Finances, |
0:53.8 | with finances demystified. Now, Dominique and I are going to |
0:57.3 | talk about what does it take not just to build a business, but more so what does it take to build |
1:02.3 | wealth? What are common misconceptions when it comes to investing and protecting yourself long |
1:07.6 | term with wills and trusts and real estate. And what do we all need to know about |
1:12.7 | our money mindset before we start investing? There's definitely some common misconceptions that we |
1:18.6 | all battle. So I encourage you to think about this conversation today and ask yourself that question, |
1:24.7 | what am I building long term? And just for the record, I mentioned this in the podcast, but I do want to call it out and mention it one more time. |
1:32.5 | If you haven't yet read the book, Rich Dad, Poor Dad, please do, because it's going to play into everything that we talk about today on the podcast. |
1:42.6 | I hope that you love this episode. Get ready to meet |
1:44.9 | my friend Dominique Broadway, the founder of finances Demystified. You're going to love it. |
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