Bouncing Back from Bankruptcy & Business Failure w/ Phil Sanders #1109

Bouncing Back from Bankruptcy & Business Failure w/ Phil Sanders #1109

Author: iHeartPodcasts March 4, 2026 Duration: 55:56

Joel met Phil halfway through a marathon a few months ago – literally in the middle of the race. It’s funny how life works and after running side by side and chatting for half an hour it was clear he’d only scratched the surface of his story. Phil Sanders is a serial entrepreneur and like most entrepreneurs, not every venture has been a home run. He’s experienced the highs, the lows of bankruptcy, and everything in between when it comes to building businesses. Today, Phil runs a company called Multiply, where he helps business owners sharpen their strategy, build more successful companies, and he’s here today to share some of his hard-earned wisdom. We discuss:

  • How Phil is balancing current enjoyment with future savings
  • Profitability should be a primary focus from day one
  • Overcoming ego and temptation to find identity in work and business
  • Identifying what you want out of your business
  • How bankruptcy can lead to personal growth and new opportunities
  • Vulnerability and overcoming fear to building strength and resilience
  • Embracing change for professional and personal growth
  • And much more!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

 

And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

See omnystudio.com/listener for privacy information.


Joel and Matt, two best friends who happen to be your guides through the world of personal finance, host this practical and approachable How to Money podcast. They cut through the noise and intimidation that often surrounds money topics, focusing instead on actionable strategies for everyday life. You'll hear straightforward conversations about getting out of debt, building an investment portfolio on your own terms, and mastering those small financial habits that add up to significant change over time. The core idea is that managing your finances shouldn't require a special degree or a wall of confusing terminology. This show from iHeartPodcasts is built on the belief that clear, unbiased guidance is a powerful tool for anyone. Each episode serves as a resource, offering knowledge you can apply immediately, whether you're just starting to budget or looking to optimize your long-term plans. Tune in for a down-to-earth discussion that makes business, education, and investing feel not only accessible but genuinely relevant to your journey toward financial confidence.
Author: Language: en-us Episodes: 100

How to Money
Podcast Episodes
Are Teachers Doomed to a Broke Retirement? w/ Shaun Morgan #1112 [not-audio_url] [/not-audio_url]

Duration: 57:20
Joel married into a family of teachers. His father-in-law has spent nearly 40 years in the classroom, his mother-in-law has taught for 30, and his brother-in-law is an outstanding Spanish teacher. While it’s clear that e…
Die with Zero w/ Bill Perkins #1106 [not-audio_url] [/not-audio_url]

Duration: 49:16
Most money advice is a broken record: save more, invest early, and wait for freedom. But what if the real risk isn't running out of money but instead is running out of time? In this episode, we’re challenging the "accumu…
Friday Flight - 401k Mullets, Crappy Coffee, & Bitcoin Bashing #1104 [not-audio_url] [/not-audio_url]

Duration: 42:14
Time for a Friday Flight- our little sampling of the week’s best financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will…