Profit First Strategies: A Conversation with Brandon Neely

Brandon Neely, is an entrepreneur, Profit First and Bank On Yourself professional, and the co-host of Wealth Wisdom Financial Podcast with his wife Amanda Neely. They founded and managed Overflow Coffee Bar, LLC from 2008 through 2018. Now, they share their experiential knowledge through podcasting and developing personalized financial strategies for individuals and couples and profitability strategies for businesses. Business owners: Brandon and his wife have been in your shoes! 

Brandon Neely and Audrey Wiggins chopped it up on various topics related to business ownership, financial planning, and personal goals. Brandon discussed the challenges and lessons learned from starting and selling a coffee shop business, and the interconnectedness of financial planning, business ownership, and personal goals.

Brandon stressed the importance of taking control of one's finances and making deliberate actions to achieve desired results. He introduced the Ten Ten Ten Savings Rule, which involves saving 10% of income in long-term, medium-term, and short-term accounts. They also talked about the importance of having a giving heart and mentioned that they give 10% of their income to God.

They emphasized the need to make more income and lower expenses to increase wealth and the importance of taking care of oneself and having an emergency fund. Overall, the chop was informative and provided valuable insights into various aspects of business ownership and financial planning.

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