Sep 16, 2026 · 59 min · 12 segments
What if earning more money isn’t the answer—and the real key to financial freedom is gaining greater clarity and control over what you already have? In this episode of the Make Life Less Taxing…
Curtis MayGuestDaniel HanzelkaHost
And then he draw the book is basically a book about accounting written for 10 year olds.
And so once he drew that out, all of a sudden it was like, you know, the world opened up for me because then I could see financial statements and everything.
So when I work with clients, I can literally, after five or six, seven questions, I do it on some other software, but I basically draw on the whiteboard and on the screen or on a yellow pad, okay, here's your income expense, here's your assets, liabilities, and let me show you direction of your money.
And I, you know, I can tell you if you're going to, it's going to be a happy ending or you're going to crash and burn just by, you know, your financial literacy, a business owner, same thing.
Don't watch your PNLs watch, you know, so our first step is, are you spending less than you make? If you're, if you're, if you're, Outflow is greater than your inflow.
A friend of mine I think you've had on, he says he got it from me, but he changed it.
But he says all wealth, this is Brock Fortner, he says all wealth is a result of free cashflow.
So you have to start with, are you controlling cash? Are you spending less than you make? Because if you can't do that, you can't be your own banker.
You can't do nothing else if you spend everything Or you put your money in little silos that you can't touch, which is what typical advice teaches you to do.
You know, what I call the accumulation theory, you know? And that's the difference.
There's the accumulation theory, buy and hold, dollar cost, average value of debt, buy term investor difference.
And there's the velocity method where you're focusing on velocity of money as an economic principle, right? Cashflow.
And then he draw the book is basically a book about accounting written for 10 year olds.
And so once he drew that out, all of a sudden it was like, you know, the world opened up for me because then I could see financial statements and everything.
So when I work with clients, I can literally, after five or six, seven questions, I do it on some other software, but I basically draw on the whiteboard and on the screen or on a yellow pad, okay, here's your income expense, here's your assets, liabilities, and let me show you direction of your money.
And I, you know, I can tell you if you're going to, it's going to be a happy ending or you're going to crash and burn just by, you know, your financial literacy, a business owner, same thing.
Don't watch your PNLs watch, you know, so our first step is, are you spending less than you make? If you're, if you're, if you're, Outflow is greater than your inflow.
A friend of mine I think you've had on, he says he got it from me, but he changed it.
But he says all wealth, this is Brock Fortner, he says all wealth is a result of free cashflow.
So you have to start with, are you controlling cash? Are you spending less than you make? Because if you can't do that, you can't be your own banker.
You can't do nothing else if you spend everything Or you put your money in little silos that you can't touch, which is what typical advice teaches you to do.
You know, what I call the accumulation theory, you know? And that's the difference.
There's the accumulation theory, buy and hold, dollar cost, average value of debt, buy term investor difference.
And there's the velocity method where you're focusing on velocity of money as an economic principle, right? Cashflow.
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