Don’t Just Make Money, Build Wealth with Alan Franks
Most business owners are great at making money—but wealth? That's a whole different game. In this powerful conversation, Caleb sits down with Alan Franks, a financial advisor who actually *gets it*. No cookie-cutter plans. No commission traps. Just real strategies that help entrepreneurs turn active income into lasting legacy.
They unpack what it really means to reach "critical mass" in your wealth, how to leverage tax law like the wealthy do, and why so many financial advisors are failing their clients. If you're a high performer looking to reduce taxes, create true passive income, and build a legacy that lasts beyond your lifetime, this episode is for you.
TAKEAWAYS
- The difference between building income and building wealth
- Why most financial advisors aren’t incentivized to help entrepreneurs win
- Three types of taxes to plan for: income, capital gains, and estate
- The power of defined benefit plans for business owners
- Why securities-backed lines of credit might be your secret weapon
- How to think in terms of opportunity cost instead of “either-or”
RESOURCES MENTIONED
Empowered Money by Alan Franks
Who Not How by Dan Sullivan & Benjamin Hardy
The Psychology of Money by Morgan Housel
FOLLOWS
CHAPTERS
00:00 Why Income ≠ Wealth
01:08 Alan’s Entrepreneurial Backstory
04:15 Redefining Legacy
06:14 Multi-generational Mindset
09:21 Critical Mass & Financial Planning
12:17 The Three Types of Taxes
16:42 Defined Benefit Plans & Tax Deductions
19:07 Estate Planning for Business Owners
24:43 Opportunity Cost vs Either-Or Thinking
30:00 Real Estate, Crypto, Stocks—Do All Three?
33:52 Leveraging Lines of Credit Strategically
40:48 The Risk Side of Leverage
45:18 Syndications & Market Realities
47:02 Exit Round: Alan's Book Recs & Passive Income Strategy
KEYWORDS
financial planning for business owners, tax mitigation strategies, real estate syndications, legacy planning, securities backed lines of credit, opportunity cost, passive income strategy, defined benefit plan, income vs wealth, building generational wealth, multi-generational planning, estate tax reduction, capital gains planning, alternative investments, financial freedom strategy, high net worth planning, critical mass wealth, good debt vs bad debt, entrepreneur finances, holistic financial plan, investing diversification, cash flow strategies, line of credit investing
WANT TO LEARN MORE?
Join us on LinkedIn, dive into our enriching content on YouTube, and explore our website to unravel how to secure your future through intelligent passive investments!
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