Prioritizing Profits, Smart Money Moves, and Building Wealth with Michael Port

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There’s a big difference between being rich and being wealthy. Rich people spend what they have. Wealthy people, however, leverage what they have to produce more wealth.

But how much money is really enough? And what’s driving our constant need for more?

These are the types of financial questions I ask my good buddy, Michael Port, on today’s podcast episode. More specifically, we’re digging into money management as family men with businesses.

For context, he’s written multiple bestselling books. He’s also the co-founder of Heroic Public Speaking, a super successful company that he bootstrapped and scaled with his wife, Amy.

While there’s more than one way to build wealth & legacy, I have a major appreciation for Michael’s approach to financial freedom. Rather than follow the crowd, he constantly pursues the best path for him after spending years studying different approaches to creating financial independence.

We talk about what makes his business profitable, setting budgets with his wife, avoiding get-rich-quick schemes, and how he empowers his kids to manage their own finances.

One of my favorite investment takeaways from our conversation – the ROI of “keeping it simple” = more bandwidth for my family!

 Get a Free Book from Michael Port

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Michael Port Highlights

  • How Michael creates more free time for himself and his family
  • Allowing your kids to track their finances and manage their money for things like school supplies, clothes, summer camp, and more
  • Practical money management habits you and your family can use to achieve financial security and build long-term wealth
  • Should you pay off your mortgage OR borrow against it to invest?
  • Considering the investments that turn earned income into cashflow—and that also give you more bandwidth for the fam!
“Your financial results are more determined by your behavior than by how much money you have to invest.” ― Michael Port Click To Tweet “If you cannot teach your family or friends exactly how the financial product you own works, to the penny, then you don’t understand it. And we should never buy something we don’t understand.” ― Michael Port Click To Tweet “It is a mistake to try to look too far ahead. The chain of destiny can only be grasped one link at a time.” ― Winston S. Churchill Click To Tweet

Michael Port Links & Other Resources

Michael Port Bio

Michael Port is the author of nine books. A few of them have become perennial bestsellers and made it onto such lists as the New York Times, the Wall Street Journal, and USA Today. Some have won awards from 800-CEO-READ and Amazon. The three most popular are: Book Yourself Solid, Steal the Show, and The Referable Speaker.

 Together, with his wife, Amy, they’ve built Heroic Public Speaking HQ, a performance training center, to develop and nurture the next generation of professional speakers along with CEOs and founders, bestselling authors, business owners, and people leading movements and advancing important causes. Find out more at

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