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Navigating the Road to Financial Freedom with Chris Naugle
In this video, join us as we delve into the world of financial freedom.
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SUBSCRIBE: https://bit.ly/JoshYork
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Join us on this episode of FUELYOURDRIVE as we dive into the empowering world of wealth-building with the incredible Chris Naugle. A true innovator and visionary, Chris shares his expertise on how to take back control of your financial future. With his unique insights and actionable advice, he shares his fascinating journey of becoming an entrepreneur at a young age. Don't miss this opportunity to gain invaluable knowledge from one of the leading experts in the field.
In this episode, we discussed
- The Importance of Having a Clear Vision When Starting a Business!
- Exploring the Concept of Becoming Your Own Bank
- Leveraging the Historical Examples of Wealthy Individuals
- Making Money Work For You
- Financial Freedom Starts With A Change In Your Money Mindset
- Changing the Future of Business and Entrepreneurship.
- And much more.
TIMESTAMP
0:00 - Introduction
1:30 - Chris Naugle's Background and Beginnings
3:00 - Starting First Business: Fat Clothing
4:30 - Becoming a Pro Snowboarder
6:00 - Transition to the Money Game
7:30 - Surviving the Great Recession
9:00 - Real Estate Ventures and HGTV Show
10:30 - Lesson on Not Giving Up
12:00 - Explaining Whole Life Banking
13:30 - Tax-Free Growth in Whole Life
15:00 - Introduction to "Being Your Own Bank"
16:30 - Example with Franchise Opportunity
18:00 - Explanation of Loan Concept
19:30 - Earning and Paying Interest Dynamics
21:00 - Compound Interest and Wealth Accumulation
22:30 - Reinvesting Profits and Loan Repayment
24:00 - Control over Money
26:27 - Emphasizing the long-term strategy and the efficiency point after three years.
27:38 - Highlighting the power of compound interest and fixed costs in the policy.
28:09 - Explaining the process of learning about the strategy.
29:00 - Discussing the absence of fees and how the company gets paid.
30:01 - Talking about using Guardian as the insurance company of choice.
31:34 - Explaining why this strategy is not widely known or discussed.
33:04 - Contrasting the knowledge of insurance company employees with regular advisors.
34:01 - Sharing personal experience of not being taught about this strategy.
34:42 - Describing the business model based on volume and scale.
35:09 - Referring to the importance of helping others to achieve success.
37:30 - Importance of a relationship account
38:25 - Taking control of your money
39:20 - Insurance profitability and importance of understanding money
40:48 - Feeling like living on a hamster wheel
41:25 - Teaching the next generation about wealth management
42:24 - Difference between being rich and being wealthy
43:43 - Encouragement to take action on valuable information
44:10 - Importance of consistent leadership
45:09 - The leadership lessons from wolves
46:54 - Creation vs conformity
48:15 - The hard part of leadership and success
48:33 - Closing thoughts
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WHO IS JOSH YORK?
Josh York is an American entrepreneur and the founder & CEO of GYMGUYZ, a fast growing, fitness franchise. GYMGUYZ is #1 in Home Personal Training, providing convenient, customized and creative workouts at a setting that works best for each client. Headquartered in Plainview, New York, GYMGUYZ operates over 250 franchised locations in 30 states and 3 countries. In 2008, York started GYMGUYZ in the dining room of his parent’s home with a laptop, and a vision. The demand for in Home Personal Training was growing, and so was GYMGUYZ. In 2014, York received approval to franchise the GYMGUYZ brand , with the first franchise opening that year in Westchester County, NY and the first international location opened in Canada in 2017. York has said his vision is his guarantee and often can be heard saying “In 15 years we will be the largest fitness brand in the world. The chance of that not happening, you will have a better probability of seeing elephants fly”!
York lives on Long Island with his wife Stacy and two young sons and enjoys spending his free time with his family, playing ice hockey or working out. York is the author of the bestselling book, FUEL, WHAT IT TAKES TO SURVIVE AS AN ENTREPRENEUR, selling 8000 copies in 2 months.
York is a true entrepreneur driven by passion, no stranger to risk, and a leader who knows the value of building a strong culture with a commitment to being the best.
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Connect with Josh York:
Website : https://joshyorkgg.com/
Instagram : https://www.instagram.com/joshyorkgg/
#FinancialFreedom #WealthBuilding #ChrisNaugleGuides
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