In this episode Alan Franks, a financial planner and author of "Empowered Money" discusses the challenges entrepreneurs face, particularly the misconception of viewing businesses solely as income streams rather than valuable assets. Alan emphasizes the importance of business valuation, strategic planning, and the benefits of treating a business as an asset that can grow and provide financial security. They also explore the significance of having a succession plan and the role of financial planning in achieving personal and business goals. Alan shares insights from his book, highlighting the value of real estate and the importance of leveraging financial tools to build wealth.

Alan Franks is a financial planner based in Atlanta who helps individuals and business owners design intentional financial strategies that support both long-term wealth and a fulfilling life. His work centers on building deep client relationships and serving as a trusted resource during pivotal financial and life decisions.

Alan believes a sound financial plan is foundational to living one’s fullest life. He begins each client relationship by clarifying their vision for the future and then reverse-engineers a strategic, tax-efficient plan designed to support their most important goals and priorities.

Alan holds dual degrees in Economics and Entrepreneurial Management from Mercer University, where he graduated Magna Cum Laude, and he maintains multiple professional designations in financial planning.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Stitcher, Castbox, Google Podcasts, or on your favorite podcast platform.

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#81. Alan Franks—Why Entrepreneurs Burn Out Before They Cash Out

In this episode Alan Franks, a financial planner and author of "Empowered Money" discusses the challenges entrepreneurs face, particularly the misconception of viewing businesses solely as income streams rather than valuable assets. Alan emphasizes the importance of business valuation, strategic planning, and the benefits of treating a business as an asset that can grow and provide financial security. They also explore the significance of having a succession plan and the role of financial planning in achieving personal and business goals. Alan shares insights from his book, highlighting the value of real estate and the importance of leveraging financial tools to build wealth.

#80. Luis Belmonte—From Vietnam to $2 Billion in Deals

In this episode of the "Income Flip" podcast, Rob Chevez interviews Luis Belmonte, a seasoned real estate developer from San Francisco. Luis shares his extensive journey in the real estate industry, starting from his early days as a property manager and handyman to becoming a successful developer. He discusses his experiences with various real estate deals, the lessons learned from both successes and failures, and his philosophy on investment and risk management. Luis emphasizes the importance of knowing oneself, understanding one's strengths and weaknesses, and being prepared for economic downturns. He also shares insights into his current focus on retail and low-income housing projects, highlighting the value of staying under the radar and bringing big-time expertise to small-time deals. Throughout the conversation, Luis offers valuable advice for aspiring real estate professionals, stressing the significance of indifference in negotiations and the need to always plan for the downside.