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You’ve built a successful business. Revenue is growing, you're working harder than ever, and from the outside, everything looks great.
So why don't you feel any wealthier?
In this episode of Future Proof Property, Dawn Fouhy sits down with Kerrod Holland, financial adviser and Founder of Tenex Wealth, to unpack why so many Australian business owners are brilliant at making money but struggle to turn that success into genuine personal wealth.
Because a successful business doesn't automatically make you wealthy. And a high income doesn't necessarily buy you freedom.
IN THIS EPISODE
Why successful business owners can be asset rich but cash poor
The difference between business revenue, profit and personal wealth
How lifestyle creep quietly destroys financial freedom
Why some business owners have created themselves an expensive job
How business structures and tax planning affect the wealth you keep
Why cash reserves matter for both your business and personal finances
The risks of overleveraging into investment properties
How to build wealth outside your business through property, shares and other investments
Why paying off your family home can transform your financial position
How to calculate your personal financial freedom number
Why thinking in decades, not days, changes your investment strategy
How to turn business success into more freedom, family time and financial security
CHAPTERS
00:00 The expensive job trap: business success vs personal wealth
01:09 Why making money doesn't mean building wealth
02:05 Where business owners lose their profits
03:12 Business structures, tax and profit leaks
05:51 How lifestyle creep eats into your income
07:18 Building wealth outside your business
08:05 Could your business survive without you for six months?
10:18 Using your business to fund long-term wealth
10:59 The property investors spending $50,000 a month just to hold their assets
12:28 Expensive lifestyles and the pressure to keep earning
15:04 Why your family home can become your biggest financial burden
17:15 Diversifying your wealth beyond your business
17:58 Finding your financial freedom number
20:23 Paying off your mortgage while investing for the future
22:35 Commercial property, shares and investment structures
23:48 Tax planning vs genuine wealth creation
27:41 Building a diversified investment portfolio
29:42 Why revenue growth isn't always profit growth
30:59 Understanding gross profit vs net profit
33:46 How much money do you actually need to be free?
35:04 The personal cost of chasing business success
38:04 Kerrod's wealth-building checklist for business owners
38:48 Making money vs building wealth: the final takeaway
ABOUT OUR GUEST
Kerrod Holland | Founder & Managing Director, Tenex Wealth
Kerrod Holland is a Newcastle-based financial adviser and business owner who helps Australians, particularly business owners and professionals, make informed financial decisions and build long-term wealth.
Connect with Kerrod:
Website: https://tenexwealth.com.au/
LinkedIn: https://au.linkedin.com/in/kerrod-holland-76696b133
Tenex Wealth LinkedIn: https://au.linkedin.com/company/tenex-wealth
BUILD YOUR OWN PROPERTY STRATEGY
At Future Proof Property Advisory, Dawn Fouhy and her team help Australians build tailored property investment strategies aligned with their financial goals, lifestyle and long-term plans.
Future Proof Property Advisory:
https://www.futureproofpropertyadvisory.com.au/
FOLLOW FUTURE PROOF PROPERTY
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Facebook (Dawn Fouhy): https://www.facebook.com/dawn.fouhy
LinkedIn (Dawn Fouhy): https://au.linkedin.com/in/buyersagentinvestmentpropertycashflow
YouTube: https://www.youtube.com/@dawnfouhyproperty
If you know a business owner who's making great money but struggling to build real wealth, share this episode with them.
