#335: Better Than Rich with Mike Abramowitz

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Are you struggling to grow your business while maintaining a healthy work-life balance? Discover how to achieve both financial success and personal freedom with expert insights from Mike Abramowitz.

Mike Abramowitz, a business coach and co-founder of Better Than Rich, shares his journey from selling Cutco knives to helping hundreds of business owners streamline their operations and reclaim their time. With a background in direct sales and a passion for personal growth, Mike offers valuable lessons on building systems, maximizing referrals, and achieving what he calls "3x freedom" - time, money, and location.

In this episode, Mike delves into the mindset shifts and practical strategies that can transform a struggling business into a thriving enterprise. He emphasizes the importance of delegation, leveraging technology, and focusing on high-value activities to scale your business without sacrificing your personal life.

Additionally, Mike discusses the power of referrals, the common pitfalls of home service businesses, and the true meaning of being "rich" beyond just financial wealth. His insights on emotional clarity and presence provide a holistic approach to success that goes beyond traditional business metrics.

If you're ready to take your business to the next level while reclaiming your time and freedom, don't miss this enlightening conversation with Mike Abramowitz on the Wealthy Wellthy podcast.

Key Takeaways

5:43 Reframing sales as influence and skill

13:46 The mindset difference in successful salespeople

19:59 Mike's background as youngest of eight

25:43 Money journey from debt to accredited investor

33:20 Working hard on the right things

40:26 Common problems for home service businesses

46:37 Defining "better than rich" as 3x freedom

Memorable Quotes

"All sales means is influence. And people might say, what's the difference between influence and manipulation? It's intent. Manipulation is for my own self interest. Influence is for the other person's self interest."

"My mess is my message. And that really stuck with me big time. I was like, what can I do to turn this valley and this pain of my twenties and turn it into some sort of gift?"

"We need to work hard, but we need to make sure that we're working hard at the right things. That's essentially what Andrew helped me with - what are the things that somebody else can do?"

Resources Mentioned

How to Win Friends and Influence People by Dale Carnegie - https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034

The 7 Habits of Highly Effective People by Stephen Covey - https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519

Connect with Krisstina

Website - https://wealthywellthy.life/

Instagram - https://www.instagram.com/krisstinawise

YouTube - https://www.youtube.com/@krisstinawise

Krisstina's Book, Falling For Money - https://www.amazon.com/dp/0692560904/

Thank you.