Flow State Business Money mindset, origin story and wealth philosophy with Michael Poon
I’m doing something a little different today and I’m so excited to be joined by my amazing husband and business partner, Michael Poon. In this episode, Michael and I chat about our money story, our wealth philosophy, and some really practical ways in which we manage our money.
Michael and I take the approach in our relationship and business where I am the one who brings in the money, and he is the one who makes it grows.
This chat gives you a behind-the-scenes insight into our money journey and as you’ll hear, our story is much more complex than just two corporates quitting their day jobs.
I know there is a fear out there of not knowing what to do with the money once you’re making it. And while we’re not financial advisors, it’s always nice to hear how someone else does it, as well as their philosophy around building wealth.
Michael shares his money story, how his upbringing influenced his decision to study economics and accounting, and his decision early on to be a saver-spender (instead of being a spender-spender like I used to be!).
We talk about what it was like to come together as a couple with two very different approaches to money, how I thought he was a gambler when we first met, and how my money mindset was transformed by his approach. Michael is so clean energetically around money and has been such a healer of my money mindset. Debt is no longer part of our story.
Michael shares how he approached and managed our money through the phase of our business growth, from six figures, one million and multi-million dollar growth stages. He dives into practical aspects like the importance of being disciplined and carving money off for tax, and how he re-invested our profits in the early stages of our business for learning and development.
We also chat about Michael’s investment philosophy, how this has evolved over the years and his newfound interest and passion for trading as a form of investment.
This is such a practical and fun episode! Michael carries great energy and I know you’ll love hearing the details of how we got to where we are today.
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