ABOUT THAT WALLET

Thinking about starting a business? Well, hold onto your hats because today we’re diving deep into the world of business credit! We chat with the fabulous Cedrick Phillips, president of Fund Well Consulting Group, who shares the scoop on why having a solid partnership is like a 10-year marriage, if you can’t see yourself with your business partner for a decade, it’s time to rethink that deal! We break down the basics of business credit, the importance of keeping your personal and business finances separate, and how to set up your company for success from day one. So if you’re ready to learn how to navigate the sometimes murky waters of obtaining funding and building a solid credit profile, you’re in the right place! Stick around for tips, tricks, and maybe a laugh or two, because we believe finance should be fun, not just numbers on a page!Takeaways:Considering a long-term partnership is essential; can you envision being in business with them for 10 years?Building business credit is crucial; it helps separate personal and business finances for growth.Don't fall for business credit myths; good personal credit still matters when seeking business loans.Chapters:00:00 - Building Long-Lasting Business Relationships00:38 - Understanding Business Credit and EIN12:16 - Understanding Business Credit Myths and Realities22:13 - Transitioning Personal Development to Business Growth30:32 - Transitioning from Wealth Philosophy to Practical AdviceLearn more about Cedrick:https://fundswellconsultinggroup.com/Links below are affiliate links: - no cost to you, host may be compensated.Headliner App (Podcaster's best Ai friend): https://make.headliner.app/sign-up#via=atwStreaming this episode using Streamyard: https://streamyard.com/pal/c/4718936395612160Start your email newsletter using Kit free for the first 1000 subs: https://partners.kit.com/t77tlo0f320fThank you for listening:Check more episodes and blog posts: https://aboutthatwallet.comDisclaimer:The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances.

Today's guest, Evan Poling, is the Founder of BizRetire.com that's looking to fix the business buying and selling industry which has failed owners for over 250 years. Evan's background in bank compliance where he has trained 100s of employees and investigated the accounts of 100s of businesses, in some of largest and fastest growing firms in the world, has given him the experience to understand businesses in a unique and powerful way. His next mission is to change the staggering statistics of "80% of businesses, that go to market, will Never sell. More About Evan:bizretire.comhttps://www.linkedin.com/in/evanpoling/Chapters:00:00 - Searching for the Missing Wallet06:58 - Navigating Business Ownership in a Changing Landscape11:30 - Navigating Ultimatums in Pursuing Dreams22:51 - Starting a Business: Understanding the Foundations28:34 - Navigating Business Competition37:44 - Setting Up a Business for Sale50:47 - The Importance of Reading in Business Growth55:03 - The Importance of Intentions in Entrepreneurship59:10 - Understanding Wealth and Its ImpactLinks below are affiliate links: - no cost to you, host may be compensated. Headliner App (Podcaster's best Ai friend): https://make.headliner.app/sign-up#via=atw Streaming this episode using Streamyard: https://streamyard.com/pal/c/4718936395612160 Start your email newsletter using Kit free for the first 1000 subs: https://partners.kit.com/t77tlo0f320f Thank you for listening: Check more episodes and blog posts: https://aboutthatwallet.com Disclaimer: The information in this podcast is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. Please consult with a qualified professional for advice tailored to your individual circumstances. 🎙️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! 😍 https://streamyard.com/pal/d/4718936395612160Episode 322

Today we're diving deep into the wild world of credit cards and how the banking system might just be pulling the wool over our eyes! Our guest, Tommy Kilpatrick, brings a fresh perspective on how we’ve been indoctrinated into thinking that credit card debt is something we have to bear without question. He shares his personal journey from being buried under $85,000 in credit card debt to discovering that the banks might not even have a legitimate claim on those debts. We discuss the idea that many of us have been misled about what credit really means and how to reclaim our financial power. Get ready for some eye-opening insights and maybe a few laughs as we explore what it means to truly understand and navigate our finances in today's world!Takeaways: The banks often operate under a system that some view as fraudulent, where they manipulate money and debts without proper invoices or agreements, which can mislead consumers. Understanding credit cards is crucial; many people might not realize that they are often treated like gift cards, which leads to confusion about debt and financial responsibility. It's highlighted that consumer behavior, like applying for credit cards, can lead to a cycle of debt that benefits banks but leaves individuals financially vulnerable and confused. Chapters:00:00 - Understanding Criminal Behavior and Economic Trends00:26 - Understanding Credit Card Debt and Fraud11:43 - Understanding Loans and Banking Practices23:17 - Understanding Bank Loans and Credit Cards31:52 - The Consequences of Banking Practices39:55 - The Journey of Wealth and HappinessMore about Tommy:https://www.diy-debtrelief.com/Check out his book: https://amzn.to/4rMjFVkWant to get on my show or looking to get on multiple podcasts?Join Podmatch: https://www.joinpodmatch.com/walletDisclaimer:The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.Episode 321

The episode of the *About that Water podcast* featured guest Rahkim Sabree, who discussed his new book, *Overcoming Financial Traumas*, defining financial trauma as any instance, observed or experienced, that negatively impacts how someone views, interacts with, or believes about money. Rahkim further detailed the six sources of financial trauma, such as generational, workplace, and institutional factors, and explored how advertising science exploits the nervous system to drive consumer spending.More about Rahkim: https://www.rahkimsabree.com/ Want to get on my show or looking to get on multiple podcasts?Join Podmatch: https://www.joinpodmatch.com/walletDisclaimer:The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.Episode 320 Bonus

Today, we're diving deep into the concept of financial trauma and how it impacts our decisions about money. Our guest, Rahkim Sabree, shares his refreshing take on financial choices, suggesting that instead of labeling them as “bad,” we should view them as the best decisions we could make at the time—because, let’s face it, hindsight is 20/20! We'll explore how experiences, both personal and generational, shape our relationship with finances, and Rahkim breaks down six sources of financial trauma that many of us might not even realize we’re dealing with. Plus, we’ll chat about his latest book, *Overcoming Financial Trauma*, which promises to be a game-changer in understanding how our past influences our financial futures. So grab your coffee, settle in, and let’s unpack the wild world of money with a sprinkle of humor and a dash of insight!Chapters:00:00 - Understanding Financial Decisions03:09 - Understanding Financial Trauma15:51 - Understanding Financial Trauma: The Six Sources20:41 - Understanding Financial Trauma26:13 - The Impact of Advertising on Consumer Behavior34:21 - Navigating Financial Triggers and Personal Health40:36 - Transitioning to Financial Trauma Awareness45:32 - Exploring Financial Trauma and Capitalism56:14 - Understanding Financial Trauma59:17 - Transitioning to Professional InsightsMore about Rahkim: https://www.rahkimsabree.com/ Want to get on my show or looking to get on multiple podcasts?Join Podmatch: https://www.joinpodmatch.com/walletDisclaimer:The information provided in this podcast is for educational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.Thank you for tuning in! Don't forget to sign up for the About That Wallet newsletter at https://aboutthatwallet.com for more insights and updates.Episode 320