Lines of Credit with Business Owner Andrew Amann from ninetwothree.co

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Lane chats with his friend Andrew, an accomplished entrepreneur who transitioned from being a mechanical engineer working on government defense projects to running a successful AI consulting business. Andrew shares his journey, insights on entrepreneurship, the importance of cash management, and how he leverages different financial strategies to maintain and grow his business. They also discuss the ups and downs of entrepreneurship, the significance of having a solid support system, and Andrew's experiences working with big names like SimpliSafe and FanDuel. This conversation offers invaluable lessons for current and aspiring business owners looking to navigate the complexities of starting and scaling a company.

00:40 Infinite Banking and Business Owners

02:15 Podcast Introduction with Andrew Amen

03:42 Andrew's Journey from Engineer to Entrepreneur

06:40 Financial Struggles and Lessons Learned

13:55 Consulting Business and Financial Strategies

26:20 Understanding Brokerage Accounts

27:12 Leveraging HELOCs for Business and Personal Finance

29:05 Navigating Financial Challenges

31:14 The Importance of Good Debt

36:07 AI Studio Success Stories

37:13 Future Plans and Exit Strategies

41:51 Financial Planning and Monte Carlo Simulations

44:17 Personal Finance Advice for Entrepreneurs

46:24 AI Studio Services and Client Acquisition

48:18 Mascot Memories and Closing Remarks

Connect with me:

LinkedIn: https://www.linkedin.com/in/lanekawaoka/

Facebook: https://www.facebook.com/TheWealthElevator

Instagram: https://www.instagram.com/TheWealthElevator

Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

Check out our Top-50 Investing Podcast, The Wealth Elevator.

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