The 20 Percent Rule Every Founder Should Know with Noah Rosenfarb
The Proven Entrepreneur
Don Williams
0.0 • 0 Ratings
🗓️ 10 March 2026
⏱️ 17 minutes
🧾️ Download transcript
Summary
What if the wealth you imagine for your future could start taking shape long before you sell your company?
In this conversation, host Don Williams sits down with Noah Rosenfarb, a third‑generation CPA, entrepreneur, and founder of WealthThrive, to explore the practical and often overlooked decisions that help founders keep more of what they earn. Noah joins from Paris while spending a year abroad with his family, a real‑life example of designing a business that supports freedom rather than controls it.
Listeners will hear how Noah went from building a family office for divorced women to creating a specialized tax strategy firm for seven and eight figure entrepreneurs. He explains why most business owners unknowingly operate without a real tax plan, and how simple yearly planning can prevent the shock of surprise tax bills. He breaks down his well known 20 Percent Rule, teaching founders how to build income streams before selling so they enter their exit with confidence, not uncertainty.
Noah also shares stories that reveal the mindset behind wealth, including the moment a large boat taught him how to enjoy the rewards of disciplined saving without guilt. He discusses the role teams play in creating freedom, how he traveled for a year while his company ran smoothly, and why many entrepreneurs remain stuck because they never let their people lead. The episode ends with a thoughtful look at legacy, storytelling, and what it really means to live rich beyond money.
What You Will Learn
- How most founders unintentionally overpay on taxes: Noah explains why accountants often say there is nothing you can do, and what real tax strategy looks like for high earners.
- The 20 Percent Rule for life after an exit: A simple exercise that helps you build financial independence before leaving your business.
- Why founders must build teams that allow them to step away: Noah’s year of travel reveals the power of the right visionary integrator balance and the danger of staying stuck in the E‑Myth cycle.
- The emotional side of wealth: From boat expenses to Miami Heat playoff tickets, Noah shares how he learned to enjoy wealth after a lifetime of disciplined saving.
- What legacy truly looks like: Why Noah documents his life for his children and how stories shape the next generation’s relationship with money.
Perfect For Listeners Who Are:
✔️ Founders planning an exit
✔️ High earning entrepreneurs who want to reduce taxes
✔️ Leaders seeking more freedom and better team structure
✔️ Professionals wanting to build a life that matches their values
✔️ Anyone curious about money, mindset, and long term wealth
Listen If You Want To:
- Keep more of what you earn
- Build financial independence earlier
- Create a business that supports your life
- Find clarity around your relationship with money
- Learn simple, practical steps to build long lasting wealth
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Are you an entrepreneur looking for more free time, more money, or just looking for that success blueprint? |
| 0:11.6 | The proven entrepreneur is the podcast for you. |
| 0:14.6 | Host Don Williams and his guests share real success stories from proven entrepreneurs. |
| 0:19.7 | Here's your host, Don Williams. |
| 0:28.5 | Hey, Don Williams here with today's episode of the Proven Entrepreneur Show. |
| 0:33.1 | What a great guest, and he kind of bent over backwards to attend today's session, even though he lives in South Florida for a while he's living in Europe. |
| 0:43.6 | And so I think he's coming in from Paris today. So Noah Rosenfarb, welcome to the show. |
| 0:49.8 | Thanks for having me. Looking forward to getting a conversation in with you. |
| 0:54.1 | Thrilled that you joined us today. And so before we get in, before we get into it, |
| 0:59.6 | tell us the name of your company, who you serve, why you do that. Tell us all that good stuff. |
| 1:04.4 | And be generous to yourself. Gladly. The company is wealth thrive. So it's the combination of |
| 1:10.1 | Wealth, W-E-A-L-l-t-h and thrive but we just put |
| 1:14.0 | them together only one t-h w-e-a-l-h-r-th-R-I-V-E wealth-Rive.com and what we do is we help very successful |
| 1:21.7 | entrepreneurs develop their tax strategy what we found is that so many of my peers have no tax strategy. They just |
| 1:30.9 | go to their accountant and their accountant tells them how much they owe and they get shocked and |
| 1:34.6 | they ask what they could do and the accountant says, you know, not really anything and on their way |
| 1:39.9 | they go. So happy to share the origin story how I got into that business, but that's what we've been doing now for the last couple years. |
| 1:46.7 | Yeah. So I know a little bit about the origins, but please share it with the audience, if you don't mind. |
| 1:51.9 | So there came a time in my life where I was what most people would call retired. I had sold an operating business back in 2014. |
| 2:00.4 | It was a family office for divorced women. And I was |
| 2:04.0 | living in South Florida and just spending my time investing my money in other businesses and |
| 2:09.5 | real estate. And I started sharing with my EO peers. We were both part of that entrepreneur's |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Don Williams, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Don Williams and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

