About Eileen E. Galbraith:

Eileen is a certified FICO Pro and international best seller, best-selling author and speaker and sought-after business coach, and the founder of renewed abundance and credit know-how throughout her career. She has run multimillion-dollar businesses and increased cash flow and profitability throughout her markets. Recognized as a professional business coach, Eileen positions her clients toward optimal possibilities such as optimizing their personal credit to position themselves to build credit in the name of their business. This all-important step opens the doors to financial credibility, fundibility, and business growth. Eileen has a high-energy, no-nonsense approach, and loves supporting people with their goals. Just look for the dancing queen and you will find Eileen.

In this episode, your hosts, Jason and Scott, together with Eileen E. Galbraith discuss:

• Importance of credit behavior over credit score
• Impact of FICO 10T model on payment trends
• Steps to build business credit separate from personal credit
• Strategies for increasing personal credit limits
• Benefits of Infinite Banking concept for financial control

Key Takeaways:

• The new FICO 10T model places greater emphasis on payment trends rather than just credit score, and paying bills early and paying more than the minimum can positively impact your credit profile.
• Commingling personal and business finances is a common mistake that can hinder building strong business credit.
• Increasing personal credit limits can provide more leverage when applying for business credit, which is typically 2-3 times higher.
• The Infinite Banking concept offers an alternative approach to traditional financing, allowing you to become your own banker and have greater control over your financial resources, and this can be particularly beneficial for entrepreneurs.
• Educate yourself on credit reporting to make informed financial decisions.

"When you become your own banker, you become the person that you can loan from yourself. You do not have to show bank statements. You do not have to have a credit score. You do not have to show your tax documents for the last two or three years.” — Eileen E. Galbraith

Connect with Eileen E. Galbraith:

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

Book Eileen: www.bookeileen.com

Connect with Jason and Scott:

Website: https://henderxcapital.com/masteryourmillions

X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs

Facebook: https://www.facebook.com/groups/realestateinvestorsofutah

Instagram: @henderxcapital https://www.instagram.com/henderxcapital/

@jasonihenderson https://www.instagram.com/jason.henderson/

Email: jasonchem@gmail.com, scott@henderxcapital.com

About Aaron Young:

Aaron Young, is a lifelong entrepreneur, trusted advisor to CEOs and business owners, and creator of The Unshackled Owner a program for entrepreneurs looking to build a business and not just a glorified job.

Aaron is Chairman/CEO of Laughlin Associates, a 50-year-old company that has helped over 100,000 entrepreneurs start, grow, and profit from their businesses. This has given Aaron an ideal vantage point to observe common mistakes and successes in businesses .

In this episode, your hosts, Jason and Scott, together with Aaron Young discuss:

• Specificity in job descriptions and hiring
• Using loss leaders to attract clients
• Differentiating services and incentivizing sales
• Long-term thinking for enjoying wealth
• Serving the community for long-term success

Key Takeaways:

• Clearly define job roles and responsibilities when hiring, as vague job descriptions often lead to dissatisfaction and poor performance.
• Offering certain services at a loss can open the door to more profitable opportunities, however, the sales team must understand the true objective is to cross-sell high-margin products, not just sell the loss leader.
• Differentiate your offerings to avoid becoming a commodity.
• Invest in quality assets that appreciate over time, rather than constantly upgrading to the latest flashy purchases.
• Wealth follows when you focus on serving others because by consistently exceeding expectations and providing exceptional value, you'll build a loyal following and position your business for lasting success.

"Serve more people. Do it, do a little bit more than they expect, charge a fair price, and exceed expectations. You'll get rich.” — Aaron Young

Connect with Aaron Young:

Website: https://aaronscottyoung.com/

LinkedIn: https://aaronscottyoung.com/

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

Twitter (X): https://x.com/aaronscottyoung

YouTube: https://www.youtube.com/laughlinusa

Connect with Jason and Scott:

Website: https://henderxcapital.com/masteryourmillions

X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs

Facebook: https://www.facebook.com/groups/realestateinvestorsofutah

Instagram: @henderxcapital https://www.instagram.com/henderxcapital/

@jasonihenderson https://www.instagram.com/jason.henderson/

Email: jasonchem@gmail.com, scott@henderxcapital.com

About Aaron Young:

Aaron Young, is a lifelong entrepreneur, trusted advisor to CEOs and business owners, and creator of The Unshackled Owner a program for entrepreneurs looking to build a business and not just a glorified job.

Aaron is Chairman/CEO of Laughlin Associates, a 50-year-old company that has helped over 100,000 entrepreneurs start, grow, and profit from their businesses. This has given Aaron an ideal vantage point to observe common mistakes and successes in businesses .

In this episode, your hosts, Jason and Scott, together with Aaron Young discuss:

• Avoiding selling out your dreams for "brass handcuffs"
• Selling what the market wants, not what you think they should want
• Working towards specific outcomes, not just busy work
• Hiring smart people as quickly as you can afford to
• Being the first to take a pay cut, last to get a raise to prioritize the business

Key Takeaways:

• Entrepreneurship is not about sacrificing your dreams for financial security, but instead - learn from Aaron’s father's experience and avoid selling out your aspirations for "brass handcuffs" that will only hold you back in the long run.
• Successful entrepreneurs don't force-feed their products or services to the market.
• Aaron emphasizes the importance of defining specific outcomes you want to achieve and then structuring your work to move towards those goals, rather than just going through the motions.
• Rather than trying to do everything yourself, identify your weaknesses and bring on skilled individuals who can complement your strengths and drive the company forward.
• As a business owner, you should be the first to make financial sacrifices and the last to reap the rewards.

"Don't sell yourself out for brass handcuffs that are that are just going to rust and scratch you up.” — Aaron Young

Connect with Aaron Young:

Website: https://aaronscottyoung.com/

LinkedIn: https://aaronscottyoung.com/

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

Twitter (X): https://x.com/aaronscottyoung

YouTube: https://www.youtube.com/laughlinusa

Connect with Jason and Scott:

Website: https://henderxcapital.com/masteryourmillions

X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs

Facebook: https://www.facebook.com/groups/realestateinvestorsofutah

Instagram: @henderxcapital https://www.instagram.com/henderxcapital/

@jasonihenderson https://www.instagram.com/jason.henderson/

Email: jasonchem@gmail.com, scott@henderxcapital.com