Ep 196 - Why Successful Women Make Money but Don’t Build Wealth with Michelle Taylor

Ep 196: Why Successful Women Make Money but Don’t Build Wealth — with Michelle TaylorBuilding a successful business and building personal wealth are not the same thing.

In this episode of Dawn of a New Era: The Billionaire Brain Podcast, Dawn McGruer is joined by Michelle Taylor, founder of Women in Wealth, host of Talk Wealthy to Me, and a licensed wealth manager specialising in working with business owners.

Michelle’s own journey into wealth management was anything but conventional. After changing career direction, moving to Italy and experiencing failed business ventures, she eventually discovered that those experiences had uniquely equipped her to help women understand money, investing and wealth creation.

Dawn and Michelle explore one of the biggest financial challenges facing successful founders: how to turn business success into personal wealth.

Michelle explains why your company should never be your entire retirement or wealth-building strategy, why founders need to start building assets outside their businesses from the beginning, and how to think differently about cash once your company becomes profitable.

They also dive into the psychology behind money. Michelle shares how our personal money stories can shape the level of wealth we allow ourselves to create, while Dawn discusses wealth identity, founder conditioning and why increasing your income does not automatically change your financial behaviour.

In this episode, you’ll discover:Why making more money doesn’t automatically mean you’re building wealthWhen founders should start investing outside their businessWhy Michelle believes you need an “and” mindset rather than an “or” mindset with business and personal wealthHow to decide when to take money out of your business and deploy it elsewhereWhy successful founders need to understand their operating cash “floor”How money stories and wealth identity can quietly limit financial growthWhy passive income can completely change the way you think about financial freedomThe growing interest in private credit, private equity and alternative investmentsWhy women may be holding significantly more cash than they actually needThe three wealth rules Michelle believes every female founder should considerWhy wealthy people learn to treat money as a tool rather than an emotional decisionHow compounding can transform both your finances and your behaviourWhy talking openly about money may be one of the simplest ways to improve your financial education

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