Collecting a W-2 while dreaming about building a business one day? The first step may be to treat your finances like you would a business. Now, how exactly do you do that?

In today’s discussion, Brian Beers, entrepreneur,  investor, and owner of Midas automotive repair franchises, walks you through how to manage your money like a business through a systematized financial structure. Through this framework, Brian highlights where your money should be allocated and distributed in a more systematized way.

He also touches on the concept of “infinite banking” which essentially means building your own bank through life insurance, which not only gives you guaranteed growth but also the opportunity to earn more – on top of the death benefit!

Here are some power takeaways from today’s conversation:

[02:55] Brian’s background and real estate portfolio

[05:57] The future of the automotive industry

[11:14] The impact of joining GoBundance

[13:11] Understanding private investments

[16:51] Managing your money like a business

[20:29] How to build a team

[26:44] The power of joining a community

[27:26] Creating a system and breaking it into separate compartments

[33:48] The concept of infinite banking

[40:13] How infinite banking works exactly and different ways to use the money

[46:34] The downsides of infinite banking

[47:43] Why you need to commit to the number

[49:52] The three-fund portfolio

[52:12] Brian’s health and wellness

Notable quotes from the Episode:

“Instead of just taking public equities, you can go above and have private equity so you can invest directly in companies.”

“There's this whole world that exists for accredited investors outside of this box. And once you break that wall, the options become unlimited.”

"Manage your money like it's a business. ... diversify, but don't dilute."

Connecting with the Guest

Website: www.brianbeers.com

Instagram: @businesswithbeers

Twitter: @brianbeers

Podcast: Business with Beers

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