EPISODE SUMMARY:

In this episode, Manoj Moorjani joins the hosts to discuss the importance of establishing strong financial roots. He shares his personal journey from growing up in Hong Kong to becoming a successful businessman and business broker. Manoj emphasizes the significance of understanding that money is a blessing from God and that we are called to be good stewards of it. He provides valuable insights into the world of business brokerage and offers advice for entrepreneurs looking to start or buy a business. Manoj also shares his own experiences with personal finance and highlights the importance of living below your means, staying out of debt, and investing for the future. Throughout the conversation, he emphasizes the importance of loving God and loving people as the foundation for financial success and fulfillment.

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ABOUT THE GUEST:

Manoj Moorjani is a business broker at Calhoun Companies with over 24 years of experience in the industry. He specializes in helping business owners sell their businesses and find successors to continue their legacies. Manoj is passionate about personal finance and teaches Dave Ramsey's Financial Peace University classes at his church. He is dedicated to helping others achieve financial freedom and make wise financial decisions.

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KEY TAKEAWAYS:

• Money is a blessing from God, and we are called to be good stewards of it.
• Cash flow is the main factor that determines the value of a business.
• Start saving and investing for retirement from a young age to take advantage of the power of compounding.
• Stay out of debt and live below your means to achieve financial freedom.
• The key to success in business is building relationships, gaining trust, and providing value to clients.
• Loving God and loving people are the most important principles for financial success and fulfillment.

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NOTABLE QUOTES:

• "Money is really all from God. It's not our efforts. It's not 90 percent mine and 10 percent God's. It's 100 percent God's."
• "Cash flow is king. The more a business makes, the more it's worth."
• "Buy an existing business rather than starting one, so you can have immediate cash flow from day one."
• "Start saving and investing for retirement from a young age to take advantage of the power of compounding."
• "Live like no one else so that later you can live and give like no one else."
• "I learned money, I learned finances, I learned that I want to save and I want to live well below my means."
• "Every business you run is the same business, you just have to learn to increase sales and manage expenses."
• "Loving God and loving people. That's the most important thing."

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TIMESTAMPS:

(00:00) The great misunderstanding of money

(00:35) Manoj works for Calhoun as a business broker

(02:39) Parents divorce over money issues

(05:21) YMCA camp director

(09:04) Sales and marketing are the keys to success in any business

(14:31) Conversational stack to help people start conversations

(20:12) Dave Ramsey's advice for financial freedom

(22:10) Manoj becomes a Christian through missionaries

(24:26) Living below your means

(27:52) Love God, Love People

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RESOURCES:

• https://www.calhouncompanies.com/
• https://www.daveramsey.com/fpu
• https://www.daveramsey.com/
• https://www.richdad.com/
• https://themillionairenextdoor.com/

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