#221: Eric Brotman: Why Traditional Retirement Planning Fails Entrepreneurs
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About this listen
Traditional retirement planning fails entrepreneurs because it ignores irregular income, business equity concentration, and the reality of building wealth while reinvesting in growth. Financial freedom expert Eric Brotman, CFP and CEO of BFG Financial Advisors with 25+ years of experience, reveals why conventional retirement advice doesn't work for business owners and what to do instead.
You'll discover: why treating business and personal finances as separate pockets prevents financial disaster, proven strategies to pay yourself first with unpredictable cash flow, how to build emergency funds when you're asset-rich but cash-poor, and the critical mistake of concentrating 100% of net worth in your business. Eric shares frameworks from his book "Don't Retire Graduate" showing how entrepreneurs can achieve financial independence while managing debt and funding business growth simultaneously. Perfect for business owners navigating multiple financial priorities, managing the sandwich generation squeeze, or planning eventual exits.
Learn why income is not wealth, creative liquidity strategies using home equity and securities-backed lines, and how to diversify beyond your business enterprise without starving growth. This episode transforms retirement planning for entrepreneurs into a sustainable wealth-building system that works with your business lifecycle, not against it.