Brian Skrobonja answers some of the most frequently asked questions about finances and investing.
He covers how successful people approach liquidity, why traditional emergency funds may not be the best strategy, and how to store money with a purpose. Tune in to hear him challenge common financial myths, share smarter wealth-building strategies, and explain what financial freedom really means—so you can take control of your money with confidence.
- Brian starts by explaining what passive income is and where most people go wrong with it.
- True passive income comes from creating multiple, diversified revenue streams that go beyond just the stock market.
- How to build passive income the right way. Most people think diversification means investing in different stocks, but according to Brian, the real key is expanding within your area of expertise.
- The biggest mistake entrepreneurs make with passive income—Chasing too many unrelated ventures in the name of diversification can spread you too thin. Brian explains why focusing on one business and layering on multiple revenue streams is the key to long-term success.
- Brian explains why "saving money" isn't the best strategy for wealth building. Instead of just setting aside cash, Brian talks about the concept of "storing money with a purpose." Where you put your money determines its ability to grow while staying liquid for when you need it.
- The right way to think about emergency funds.
- Brian explains why keeping a massive amount of idle cash in a bank account doesn't make sense. Most financial emergencies—car accidents, home repairs, and health issues are already covered by insurance.
- How much cash should you actually keep in the bank? Brian suggests a practical number that balances liquidity with growth. He explains why keeping too much cash sitting in a low-interest account can hurt your wealth-building potential.
- Learn how financially successful people approach liquidity.
- Do you really need to retire?—For high achievers, retirement can feel more like an identity crisis than a reward. Brian shares why many entrepreneurs find full retirement unsettling and how to rethink the concept of financial independence.
- Should you pay off your mortgage early? Not all debt is bad, and eliminating a mortgage doesn't necessarily increase your wealth.
- Brian explains the difference between investment debt and consumption debt and why strategic debt management is key.
- Brian reveals ways to tell if your debt is working for you or against you.
- How to commit to saving as a business owner, even with unpredictable income. Brian shares two key strategies: maintaining an abundance mindset and knowing your numbers. Without these, saving will always feel impossible.
- The difference between making money and building wealth.
- Why traditional financial advice doesn't always apply to entrepreneurs. According to Brian, most financial planning advice is geared toward employees with stable salaries. Brian breaks down a more flexible approach that works for business owners with fluctuating income.
- How to make sure your money is always working for you. Whether it's passive income, liquidity, or debt management, Brian shares strategies for keeping your wealth in motion and compounding over time.
- What financial freedom really means and how to get there—It's not about never working again but about having the flexibility to make choices without financial stress.
Mentioned in this episode:
BrianSkrobonja.com
SkrobonjaFinancial.com
SkrobonjaWealth.com
BUILDbanking.com
Common Sense Financial Podcast on YouTube
Common Sense Financial Podcast on Spotify
Securities offered only by duly registered individuals through Madison Avenue Securities, LLC. (MAS), Member FINRA & SIPC. Advisory services offered only by duly registered individuals through Skrobonja Wealth Management (SWM), a registered investment advisor. Tax services offered only through Skrobonja Tax Consulting. MAS does not offer Build Banking or tax advice. Skrobonja Financial Group, LLC, Skrobonja Wealth Management, LLC, Skrobonja Insurance Services, LLC, Skrobonja Tax Consulting, and Build Banking are not affiliated with MAS.
Skrobonja Wealth Management, LLC is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Skrobonja Wealth Management, LLC and its representatives are properly licensed or exempt from licensure.
The firm is a registered investment adviser with the state of Missouri, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. Our firm is not endorsed by or affiliated with any government agency.
