Building wealth isn’t just about making money but managing it wisely. Mike Brown, entrepreneur, investor and wealth coach, found out post-exit from his company that without proper financial strategies, you can quickly lose it all. Luckily for him, Mike used his setbacks to build a comprehensive wealth-preserving strategy, which he now shares with other entrepreneurs to help them avoid his mistakes and build lasting financial stability.

About Mike Brown

Mike Brown is a successful entrepreneur and investor, who started his career as a Navy pilot flying  F/A-18 Super Hornets. After leaving the military, Mike entered the oil and gas industry and built an eight-figure investment firm, which he sold in 2019. Facing financial challenges after the sale, Mike learned the importance of smart money management, which he now uses in his coaching program Unbreakable Wealth to help other entrepreneurs build and manage their finances.

Building Wealth After Exit

When I sold my business, I thought I had it all figured out. But like Mike, I quickly realized that having money isn’t the same as managing it wisely. Here are a few ways you can make your financial future a bit more secure:

• • Create a Safety Net: It’s crucial to have at least 12 months of living expenses in a liquid, safe account. This buffer can help you handle unexpected challenges without stress. It’s something I wish I had prioritized earlier.

• • Understand Your Relationship with Money: A loose relationship with money can lead to careless spending. Recognizing and fixing your money mindset is crucial for long-term wealth.

• • Focus on Strategic Planning: Strategic planning and risk management are key to sustaining wealth. Balancing growth with security ensures financial stability.

Mike’s story reminded me that building wealth after an exit isn’t just about the money you make but how you manage and grow it for the years to come. Also, you are not building wealth only for yourself but creating your legacy. Whether it’s through philanthropy, supporting causes you care about, or ensuring financial stability for future generations, creating a legacy adds purpose to your financial jour