237. “Rich by Choice”: Turning Money Stress into a Designed Life - Part 1
On this episode of CFO at Home, Vince·s guest is Dr. Nicholas E. Michels, Amazon bestselling author, public speaker, founder of Michels Family Financial, and creator of the ·Rich by Choice· movement.
Nick shares how his parents’ divorce at age 10 shifted his family from comfort to financial struggle, inspiring him to learn about money, and helping others become rich in both finances and life. Vince and Nick then shift the discussion to his book Rich by Choice, where they discuss “choice” as daily habits and “rich” as wealth plus relationships, faith, and legacy. They also discuss being a “victor” despite adversity, happiness as it relates to wealth, and the importance of couples and families having a unified financial vision.
For more on Nick and his work, go to http://www.richbychoicebook.com/
Key Topics:
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01:06 Nick’s Money Origin Story
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02:01 Divorce and Financial Shock
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01:49 Comfort vs Happiness
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05:53 Compound Interest Awakening
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06:46 Not Worrying About Money
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07:58 Rich by Choice Explained
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12:20 Victor by Choice Mindset
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16:47 Happiness Beyond Wealth
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21:58 Relationships and Money
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23:32 Marriage Vision Statement
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25:29 Legacy and Ripple Effect
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26:49 Unified Vision Ends Fights
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28:21 Shared Vision Details
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29:09 Daily Decisions Aligned
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31:29 Big Rocks Perspective
Key Links
Contact the Host - vince@thecfoathome.com
Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here:
https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500
