17 episodes

Are You Ready to Create a "Work Optional" Lifestyle? Profits to Wealth is a weekly podcast hosted by and built for entrepreneurs. Jack Marino Jr. discusses business, money, and freedom. He shares his extensive, real-life experience as an entrepreneur and financial advisor, alongside other successful industry elites. Together, you will uncover the skills, tactics, and lessons learned from other high-performing entrepreneurs. As well as the experts who assist them in the pursuit of greatness.

Profits to Wealth Jack Marino Jr.

    • Entrepreneurship

Are You Ready to Create a "Work Optional" Lifestyle? Profits to Wealth is a weekly podcast hosted by and built for entrepreneurs. Jack Marino Jr. discusses business, money, and freedom. He shares his extensive, real-life experience as an entrepreneur and financial advisor, alongside other successful industry elites. Together, you will uncover the skills, tactics, and lessons learned from other high-performing entrepreneurs. As well as the experts who assist them in the pursuit of greatness.

    16: Why Business Owners Should Have an Estate Plan with Artie Pennington

    16: Why Business Owners Should Have an Estate Plan with Artie Pennington

    In this episode host, Jack Marino Jr. speaks with Artie Pennington, a business and estate planning attorney, about why business owners should have an estate plan. This episode will guide you through the essential things you need to know when creating an estate plan for your business as well as for your personal estate. You’ll also learn what happens to your assets if you do not have an estate plan in place.
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    Show Quote
    "Always plan ahead. It wasn’t raining when Noah built the ark."
    -Richard Cushing
    Resources Hunt, Pennington, Kumar, Dula-– Reach out to Artie’s firm for a consultation about estate and succession planning. 
    David H. Maister -- Artie Pennington recommends the work of David Maister if you’d like to learn more about how to operate as a professional. 
    Key Takeaways 
    1) You need an estate plan for your business that is based on your desired outcomes. This plan will protect your business and your family. 
    2) Everyone needs a will. Start with a will and a trust when you begin your personal estate planning.
    3) Don’t assume that everything will automatically go to your spouse and kids. Make a plan to protect them. 
    Show Notes

    • 59 min
    15: How Business Owners Can Reduce Taxes While Saving for the Future with Jason Clevlen

    15: How Business Owners Can Reduce Taxes While Saving for the Future with Jason Clevlen

    In this episode, host Jack Marino Jr. speaks with Jason Clevlen about the key differences in two widely used retirement plans and how these plans can affect a business owner's income taxes, especially the new and complicated qualified business income deduction. Through their detailed case study, you will see how you can bring a forward-looking approach to your tax planning this tax season and in the years to come. 
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    Show Quote
    "It is not the man who has too little but the man who craves more that is poor."
    -Seneca
    Resources Lake Hills Wealth Management -– Reach out to Jack or Jason if you have questions about your retirement accounts and proactive tax planning. 
    Key Takeaways 
    1) The Solo 401k has some big advantages that the SEP-IRA doesn't have.
    2) The retirement plan you choose will have an impact on the QBI (Qualified Business Income) and the amount of total income tax you pay. Work with the right professionals on this. Consult your financial advisor and CPA. 
    3) Proactive financial planning done throughout the year can help you maximize your opportunities to reduce your taxable income and increase your ability to save for retirement.
    Show Notes

    • 40 min
    14: The Four Keys to Successful Commercial Real Estate Investing with Ethan Offenbecher

    14: The Four Keys to Successful Commercial Real Estate Investing with Ethan Offenbecher

    In this episode host, Jack Marino Jr. speaks with Ethan Offenbecher of Marcus & Millichap. Ethan shares the four keys to successful real estate investing, the top mistakes investors make when investing in real estate, and the questions you should ask when hiring a broker.
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    Show Quote
    "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."
    -Warren Buffet
    Resources Marcus & Millichap -– A real estate investment firm that can help you reach your real estate investment goals. 
    The Bible -- Ethan Offenbecher finds motivation through his faith and the Bible is his top book recommendation. 
    Good To Great by Jim Collins -- A book recommended by Ethan Offenbecher for the wonderful stories it shares that can provide insight into how to solve problems and overcome obstacles.
    Key Takeaways 
    1) When investing in commercial real estate you need to begin with a goal that will motivate your actions and decisions. 
    2) When looking for an investment broker, focus on finding someone with experience that you have a good rapport with.  
    3) Doing your due diligence is of paramount importance when considering an investment in commercial real estate. Choosing the right broker with the right team of professionals will make this part of the process go more smoothly.
    Show Notes

    • 57 min
    13: How to Grow a Business Through Networking and Short-Term Loans with Artie Berne

    13: How to Grow a Business Through Networking and Short-Term Loans with Artie Berne

    In this episode, host Jack Marino Jr. speaks with Artie Berne of ArTex Funding. Artie discusses how he became involved in the alternative lending world and how becoming a super-connector helped him exponentially grow his business. He also explains how listeners can use short-term loans from alternative lenders to grow their business when turned down by the banks.
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    Show Quote
    "Every problem is a gift. Without problems, we would not grow."
    -John Rockefeller Jr.
    Resources ArTex Funding -– Learn more about Artie’s boutique private debt-funding company that offers creative and flexible finance programs to position your company for success.
    Never Eat Alone -- A book Artie Berne highly recommends for thinking about how to build your network.
    Smart Calling by Art Sobczak -- A book recommended by Artie Berne for building and maintaining client relationships on the phone and beyond. 
    Precision Bookkeeping -- A bookkeeping service that can help you with QuickBooks online as you prepare your loan documents.
    Key Takeaways 
    1) Entrepreneurs can use performance metrics to track and measure their progress. When you’re an entrepreneur, you must be highly motivated and disciplined.
    2) Personal relationship building still drives sales. Attend regular networking events, make phone calls, and follow up when you say you will. 
    3) An alternative working capital asset-based lender can help entrepreneurs grow their business with short-term loans if they’ve been denied by traditional funding sources.
    Show Notes

    • 53 min
    12: Eight Simple Ways to Improve Your Finances with Jason Clevlen

    12: Eight Simple Ways to Improve Your Finances with Jason Clevlen

    In this episode, host Jack Marino Jr. and Jason Clevlen discuss eight simple ways to improve your finances. These tips provide peace of mind by helping you build wealth as you implement a savings plan, track your financial goals, maximize your tax benefits, and more.
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    Show Quote
    "Money is a terrible master but an excellent servant."
    -P.T. Barnum
    Resources Wealth Builder Tool -– Download the free Wealth Builder Tool to start implementing your own spending plan today. 
    Have a Question? -- Submit your questions to Jack Marino Jr. and Jason Clevlen. 
    Key Takeaways 
    1) Automate spending and saving to maximize the way you manage your cash flow. Consider replacing your current budget with a spending plan that will provide instant feedback about your finances without micro-management.
    2) It’s a great idea to review your finances annually. In this review, consider your spending plan, the amount you are saving and investing, your insurance needs, possible tax benefits, and your overall financial goals.
    3) Sometimes when reviewing financial goals, you’ll need to make adjustments to those goals and rearrange your financial priorities.
    Show Notes

    • 43 min
    11: How Business Owners Should Hire to Obtain Top Talent in Today’s Competitive Job Market with Phil Reeve

    11: How Business Owners Should Hire to Obtain Top Talent in Today’s Competitive Job Market with Phil Reeve

    In this episode, host Jack Marino Jr. speaks with Phil Reeve, the head recruiter at Reeve Associates in Austin, Texas. Phil discusses his entrepreneurial journey and what makes his company different from other recruiting solutions in the marketplace. He discusses common mistakes made by business owners during the hiring process and what changes they should make to yield a better result. Phil also explains how listeners can better use social media to find top talent and what they can do to get more offers accepted by their ideal candidates.
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    Show Quote
    "The secret of success is to do the common thing uncommonly well."
    -John Rockefeller Jr.
    Resources Reeve Associates -– Learn more about the recruiting services Phil and his team provide and watch a job video for insight into how to attract the right hire.
    Never Split the Difference -- A book Phil Reeve highly recommends for thinking about negotiation on a whole new level.
    Extreme Ownership -- A book recommended by Phil Reeve for helping people take full responsibility for their own growth. 
    Key Takeaways 
    1) When looking for hires on social media, connect with individuals in your industry and focus area. Bring up something positive in their profile you like and keep things light.
    2) The number one complaint by candidates is the length of the interview process. Move quickly and respond to promising resumes.
    3) From the time you tell a recruiter you want to hire someone, 60 days is about the fastest the process can be.
    Show Notes

    • 58 min

Customer Reviews

Jordan ATX ,

Great show!

This podcast has great tips on being an entrepreneur as well as advice on how to handle money among other things. The host asks very insightful questions that connect with the interviewee to really dig deep. Highly recommend.

The Food Heals Podcast ,

This Show is Legit!

As someone who often interviews entrepreneurs and helps people make money from their passions, I can already tell that Jack is legit! Congrats on your new show, can’t wait to watch you grow this empire!

Shaolin Soprano ,

I'm diggin' this new show!

As an entrepreneur this is precisely what I need to listen to everyday. Profits to Wealth includes everything I love from freedom, wealth and helping others. Also Jack is a pretty amazing host delivering excellent insightful interviews.

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