Who doesn’t want financial freedom? Today, we talk about achieving financial freedom faster with Howard Polansky of Cash Flow Coaching. Howard was a former dentist who found his ultimate calling – coaching.
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Today, Howard talks about many ways you can maximize profits and credits so that you can achieve financial freedom. He also discusses different kinds of credits, the advantages of being debt-free, the importance of having safety and a buffer when doing business, as well as the most rewarding part of being a coach. Click the play button now and learn new wisdom today!
Key Points From This Episode:
- Howard talks about his background as a dentist who found financial freedom.
- How did Cash Flow Coach USA start?
- Howard discusses the different kinds of credit.
- How can being debt free be an advantage to you?
- How do the interest rates affect the line of credit?
- Howard emphasizes the importance of having safety and a buffer.
- Howard shares that it’s part of his coaching service to look after the fixed costs.
- The valuation structure is really built on how controlled your expenses are.
- What’s the most rewarding part for Howard being a coach?
- What’s the typical way how people learn to do cash flow management?
“Sometimes life leaves you little clues and other times life hits you with a two-by-four.”
“If we can improve the profitability of the business, it’s going to spill over to their personal life.”
“Being debt free is not the be-all-end-all. But I’ve got to go somewhere with people. And so I say, we’re going to go in the direction of being debt free.”
“It’s all based around this idea of how to utilize the lines of credit effectively. And so, when you think of what are examples of lines of credit, a credit card is a line of credit. That’s probably the most universal example. It’s not what I use for showing people how to do this. But, another one is a personal line of credit. But, the really big one that people are going to do, for the most part, to make this system work is a home equity line of credit.”
“I want to make sure that there is safety, there is buffer because life happens.”
About Howard Polansky
Howard Polansky DMD, MBA started his career as a dentist for the United States Navy. After serving his country, he began a dental practice in 2009 in Austin, Texas. After 9 years, Howard’s older son developed an acute medical condition, landing his son in the ICU for 19 days at the local children’s hospital. With much angst and contemplation, Howard realized his future path did not involve dentistry. After his son made a complete recovery, Dr. Polansky sold his practice in September 2018, yet colleagues were asking how he was able to walk away. His answer was, “I learned how to make money flow.” With intrigue from others, he explained the concept of what is now Cash Flow Coaching – saving years from paying off debt, saving thousands of dollars in interest, and having more cash flow immediately.
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