142. Money Management & Wealth Creation with Ryan Derousseau

In this enlightening episode of The Business and Wealth Show, hosted by Mac Attram, we have an engaging conversation with renowned entrepreneur and financial advisor, Ryan Derousseau. Born and raised in Long Island, NY, Ryan takes us through his personal journey from being a journalist to becoming a successful wealth mentor. He explains the different obstacles he faced, and how he overcame them to transform himself from just another business operator into a wealth-creation aficionado.

Sharply focusing on financial management for entrepreneurs, Ryan discusses the critical significance of consistently creating income and gradually building wealth. He explains the need to separate your business expenses from your personal finances to ensure your enterprise can stand on its own two feet. Moving further, Ryan dives into the complex process of transitioning from actively operating a business to owning it, and shares his expert advice on how to navigate this challenging path.

Ryan believes that there are three global avenues for wealth creation - the financial markets, real estate, and businesses. He sheds light on the role each avenue plays in an entrepreneur's wealth-building journey. Ryan also highlights some important tax considerations and announces the incentives available for reinvesting your business profits into growth initiatives, as well as for nurturing and promoting employee development.

As the conversation concludes, both Ryan and Matt stress the importance of not only setting financial goals but also appreciating the milestones already achieved. They discuss the stages of the financial journey and provide strategic tips for reaching a state of financial stability and independence. For those ready to transition from mere money makers to wealth generators, this value-packed episode is an absolute must-listen!

 

As a noteworthy conclusion, Ryan also offers his free e-book ‘How to turn solo income into wealth’. This illuminating resource serves as a practical guide for those wishing to learn more about growing wealth in their businesses. Don't miss this golden opportunity to gain access to this insightful resource by following the link in the show notes.

 

Ryan Derousseau
www.thinkingcapfinancial.com/selfemploymentincometowealth/
@ RyanDerousseau

Mac Attram
www.MacAttram.com
@MacAttram