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How Joseph Lombardi Built a Billion-Dollar Financial Protection Empire for Blue-Collar Workers

2024-07-15

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Guest Bio

Joseph Lombardi is the managing partner at Ironhawk Financial, known for his deep commitment to providing financial security and education, especially to those in blue-collar industries. His journey in finance is personal, stemming from his family's financial hardships, which he has turned into a lifelong mission of protecting others from similar fates. Joseph is also an Amazon author with titles like "There’s a Better Way than a 401k" and "Being Your Own Bank."

Key Lessons From Episode

  • Personal hardships can inspire a mission of helping others achieve financial security.
  • Approach potential clients with genuine concern and personal stories to create connections.
  • Understand the difference between 'life insurance' and 'death insurance' for effective financial planning.
  • Embrace alternative financial strategies like becoming your own bank to maximize financial growth.
  • Start small and learn from experts to build a solid foundation in your chosen industry.
  • Constant networking and perseverance are key to expanding a client base in entrepreneurship.
  • Plan for your future self by making informed financial and personal decisions early on.
  • Timestamps

    [00:01:17] Welcome and guest introduction – Phil introduces Joseph Lombardi.

    [00:02:02] Joseph's Background – Joseph shares his upbringing and family story.

    [00:05:39] Motivations for entrepreneurship – Joseph's reasons for helping others.

    [00:07:15] Becoming Your Own Bank – Joseph explains the concept behind his book.

    [00:11:36] Strategies and pitfalls – Detailed explanation of Joseph's financial strategies.

    [00:19:21] Career beginnings – Joseph talks about his early career and challenges.

    [00:23:43] Business growth – Joseph discusses how he expanded his business.

    [00:26:12] Transition in the business – The shift from working in the business to on the business.

    [00:29:23] Advice for a younger self – Joseph shares advice he would give his 10-year-old self.

    [00:30:44] Closing remarks – Joseph provides contact information and offers resources.

    [00:31:01] Conclusion – Phil Better wraps up the episode and thanks Joseph.

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