S4E5 Turning Your Business Into Your Own Family Bank
Steal the Show with Michael Port
You Can't Finance Your Own Retirement
Family bank banks understand long term compounding. They want the pot to be as big as possible and compounding and growing, cause that's how they make money. You can finance someone's college education, but you can't finance your own retirement. So if you don't put yourself first, yes, it's great that you want to help your kids pay for college,. But be in control of that situation so that you don't jeopardize your own retirement in lieu of getting them to college.
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