Alan Franks reveals why so many business owners stay broke, how to build wealth outside your company, and why financial planning must include real estate.In this episode of RealDealChat, Jack Hoss sits down with Alan Franks, founder of Empowered Money and Business Planning Institute, to discuss why so many entrepreneurs stay broke — despite high revenue, long hours, and endless sacrifice.Alan explains why entrepreneurs often treat their business like a “baby,” reinvesting everything back in and starving their personal finances. He lays out the framework he uses to help business owners build real wealth, diversify across real estate, capital markets, and business equity, and structure operations so the company can run without the owner.He shares lessons from the 2008 crisis, why comprehensive financial planning matters more than ever, the truth about generational wealth (it’s NOT the money), how to balance liquidity and long-term growth, and why today’s economy demands a plan that includes real estate, investing, AND a sellable business.This is one of your most actionable “business + finance + real estate” episodes.<h3>What You’ll Learn</h3><ul><li>Why so many business owners stay broke despite big revenue</li><li>How to split revenue into operating, owner comp, taxes & wealth-building</li><li>Why financial planning must include real estate</li><li>The power of fee-based planning vs financial product sales</li><li>The “Ready → Aim → Fire” framework for new investors</li><li>Why liquidity risk is the real danger in real estate</li><li>How to evaluate today’s economy (rates, tariffs, inflation)</li><li>Why owning a sellable business = real generational wealth</li><li>How to avoid over-reinvesting in your company</li><li>How SOPs, documentation & AI-driven systems free the owner</li><li>How to build personal wealth outside the business</li></ul> 📍 Learn more: Empowered-Money.com📍 Business planning & valuations: <a href="https://BusinessPlanningInstitute.com" rel="noopener noreferrer" target="_blank">BusinessPlanningInstitute.com</a>💡 Scale your real estate business with AI & systems → <a href="https://RealDealCrew.com" rel="noopener noreferrer" target="_blank">RealDealCrew.com</a>TIMESTAMPS00:00 – Why so many business owners stay broke01:01 – Alan’s start during the 2008 financial crisis02:18 – The trap of financial “selling” vs real planning03:00 – Why advisors ignore real estate (and why he doesn’t)04:00 – The Ready → Aim → Fire investing method05:35 – W2 vs business owners: surprising differences06:45 – Business owners sacrificing everything07:45 – The framework: ops, owner comp, taxes, wealth-building09:15 – Generational wealth is NOT the money11:00 – Wisdom > dollars: lessons from his father12:30 – Limiting beliefs from the 2008 crash13:50 – The 3 wealth engines: real estate, markets, business15:30 – Real estate’s real risk: liquidity16:00 – Why investors shouldn’t be “real estate only”17:48 – The economy now: tariffs, inflation, and rates20:00 – Why high rates aren’t just the Fed21:00 – For the first time: renting may beat owning24:00 – Housing prices, stagnation & affordability26:23 – The Business Planning Institute27:30 – Why documentation is the real bottleneck29:00 – SOPs, checklists & building sellable operations32:00 – Training a custom AI chatbot for internal SOPs34:00 – How AI will remake business operations36:00 – The pain of writing a book (Empowered Money)37:30 – Marketing lessons & book launches38:00 – Rapid Fire: lies, advice, books, tools#BusinessOwner #FinancialPlanning #AlanFranks #RealDealChat #WealthBuilding #EntrepreneurMindset #RealEstateInvesting #Operations #GenerationalWealth #AIForBusiness #MoneyManagement<a href="https://realdealcrew.com/" rel="noopener noreferrer" target="_blank">RealDealCrew.com</a>We empower real estate investors by&nbsp;optimizing your business processes&nbsp;through customized&nbsp;automation and system integration. From lead management to deal closure, we help you build a scalable and efficient operation. Learn more at <a href="https://realdealcrew.com/" rel="noopener noreferrer" target="_blank">RealDealCrew.com</a>LIKE • SHARE • JOIN • REVIEW<ul><li><a href="http://reimastermind.net/" rel="noopener noreferrer" target="_blank">Website</a></li><li><a href="https://podcasts.apple.com/us/podcast/rei-mastermind-network-real-estate-investing-strategies/id1227366661" rel="noopener noreferrer" target="_blank">Apple Podcasts</a></li><li><a href="https://www.youtube.com/channel/UC_6OpKSfSGvgGDG1qtBQw9Q" rel="noopener noreferrer" target="_blank">YouTube</a></li><li><a href="https://music.youtube.com/playlist?list=PLnSjFHWJpJYEickp5SOaiSKOJiCNT_mfd" rel="noopener noreferrer" target="_blank">YouTube Music</a></li><li><a href="https://open.spotify.com/show/4P66jm0Q4PMl7OoZzHMUUZ" rel="noopener noreferrer" target="_blank">Spotify</a></li><li><a href="https://www.amazon.com/music/player/podcasts/f206187b-13a3-443b-85e1-9c59ca6de407/real-estate-investing-with-the-rei-mastermind-network" rel="noopener noreferrer" target="_blank">Amazon Music</a></li><li><a href="https://www.facebook.com/REIMastermindNet" rel="noopener noreferrer" target="_blank">Facebook</a></li><li><a href="https://twitter.com/rei_mastermind" rel="noopener noreferrer" target="_blank">Twitter</a></li><li><a href="https://www.instagram.com/reimastermindnet/" rel="noopener noreferrer" target="_blank">Instagram</a></li></ul> SUPPORT THE SHOW!<ul><li><a href="https://www.wealthfront.com/c/affiliates/invited/AFFB-WQVR-5LPC-K6S9" rel="noopener noreferrer" target="_blank">If you are new to Wealthfront, and open a Cash Account,&nbsp;you'll get a 0.50% APY boost for 3 months.</a></li><li><a href="https://www.wealthfront.com/c/affiliates/invited/AFFC-2TEM-QFIB-12C9" rel="noopener noreferrer" target="_blank">Open an Automated Index Investing Account or Automated Bond Portfolio, you'll&nbsp;earn $5,000 managed for free.</a></li><li><a href="https://bit.ly/reiappsumo" rel="noopener noreferrer" target="_blank">Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo</a></li><li><a href="https://drop.com/?referer=3DC729" rel="noopener noreferrer" target="_blank">Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729</a></li></ul>

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