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: 01:06 Nick's Money Origin Story 02:01 Divorce and Financial Shock 01:49 Comfort vs Happiness 05:53 Compound Interest Awakening 06:46 Not Worrying About Money 07:58 Rich by Choice Explained 12:20 Victor by Choice Mindset 16:47 Happiness Beyond Wealth 21:58 Relationships and Money 23:32 Marriage Vision Statement 25:29 Legacy and Ripple Effect 26:49 Unified Vision Ends Fights 28:21 Shared Vision Details 29:09 Daily Decisions Aligned 31:29 Big Rocks Perspective Key Links Rich by Choice 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