Smart Money Community

Should You Borrow Money to Start a Side Hustle?

Starting a business often comes with a big question: Should you borrow money to get started? While the answer might seem obvious, there’s more to it than meets the eye.
As a multi 7-figure business owner, I break down the pros and cons of borrowing money to launch your business, share key insights on whether it’s truly worth borrowing for, and reveal the one thing I recommend borrowing money for.
 
If you’re an aspiring entrepreneur, considering taking the leap, or want to learn the passive income strategy I use to help my clients generate real passive income every month, this episode will equip you with the tools to make an informed decision and set your business up for success. Tune in to discover how to manage risk, maximize opportunity, and borrow wisely!
 
About Mike Crofts:Mike Crofts is a wealth coach who has helped his clients pay off over 8 figures of debt, invest wisely, and build real, lasting wealth.
 
Dive In:
5 Shifts My Clients Are Using to Kiss Debt Goodbye for Good: https://watch.moneycoachmike.com/s/cTh0Q8
 
How Visa Can Build Your Million-Dollar Portfolio: https://watch.moneycoachmike.com/s/Fodr07
 

Why Satan Loves that You're in Debt and How You Can Flip The Script

Did you know the debt statistics haven’t changed in over 10 years? Despite all the information available today—books, podcasts, courses, and more—the majority of people are still drowning in debt, living paycheck to paycheck, and stressed out about their finances.
In this episode, I unpack:
Why these stats haven’t improved, even with more financial advice at our fingertips.
How debt keeps you trapped—not just financially, but emotionally and spiritually.
Practical steps you can take to break free and finally take control of your money.
If you’re tired of feeling stuck and ready to create real change in your financial life, this episode is for you.
🎧 Listen now for actionable insights and inspiration.
Free Webinar: 5 Practices to Becoming Debt-FreeReady to take the next step? Join my free webinar where I walk you through the 5 key practices to eliminate debt for good. These are the same strategies my clients use to become debt-free in 24 months or less.
👉 Register here: https://watch.moneycoachmike.com/s/cTh0Q8

The Truth About Wealth: Why Cash Flow Matters More Than Net Worth

Have you ever heard of a broke millionaire? It might sound like a contradiction, but it’s more common than you think. In this episode, I dive into the story of individuals who seem wealthy on paper—owning over a million dollars in assets—but are completely cash flow poor.
These are business owners, real estate investors, everyday families whose wealth is locked up in assets, leaving them struggling to afford basic expenses. Meanwhile, the banks keep lending them more money, perpetuating the cycle of being "rich on paper but broke in reality."
In this episode, I’ll share:
Why cash flow is king and how it’s the real measure of financial health.
The importance of getting out of high-interest debt to unlock immediate cash flow.
Why you need to learn how to invest in the stock market—and how to do it better than your financial advisor.
If you’re ready to shift your focus from just building assets to creating real, sustainable wealth, this episode is for you.
🎧 Tune in now and take the first step toward financial freedom!
 
About Mike
Mike Crofts, is an investment coach/financial expert/wealth strategist with over a decade of experience helping people build sustainable wealth. Mike's passion is teaching individuals how to take control of their financial future—whether it’s through mastering the stock market, eliminating high-interest debt, or creating cash flow strategies to build lasting wealth.
Over the last 10 years Mike has helped his clients payoff over 8 figures of debt and build everlasting wealth. 
Free Training 
Take your financial journey to the next level with these free resources:
How to Grow Your Investment Account Better than 90% of Advisors (Even if You’re a Complete Newbie)👉 https://watch.moneycoachmike.com/s/CEzweF
How Visa is Building My Million-Dollar Portfolio👉 https://watch.moneycoachmike.com/s/Fodr07
 

How to Become Wealthy from Any Age and Stage in Life

Wealth isn’t just possible—it’s plausible, no matter where you’re starting from. In this episode, I share my journey of helping people realize their financial potential over the last couple of years. Here’s the kicker: in the past two months, I’ve been hopping on wealth projection calls, and over 90% of the people I’ve talked to are on track to hit $1 million or more by retirement.
Even those who didn’t hit the million-dollar mark? They’re still projecting around three-quarters of a million dollars—and many of them started with nothing!
But it doesn’t stop there. I even dive into kids’ wealth projections. For example, my daughter Rhy is investing just $15 right now, and she’s already on track to become a millionaire. The best part? Your kids can do it too.
In this episode, I’ll break down the three key elements to building wealth, no matter where you are in life. It’s simpler than you think, and it starts with taking action today.
Watch the video here: https://youtu.be/gle3yAHQw-s
Plus, I’m sharing a powerful training: "3 Ways Visa is Building My Million-Dollar Portfolio"—check it out here: https://watch.moneycoachmike.com/s/Fodr07
 
About Me
I’m Money Coach Mike, a wealth coach passionate about showing people that financial freedom is achievable at any stage in life. Over the years, I’ve helped countless individuals and families map out their journey to wealth, proving it’s not just a dream but a plan you can make reality. Whether it’s helping you hit financial milestones or setting up your kids for long-term success, I’m here to help you turn your money goals into money wins.

Trump Just Made Your Child Wealthy: How $1,000 Can Grow to $2.3 Million 💰👶

Love him or hate him, Donald Trump’s policies are making waves—and this time, they’re tackling poverty in America in a big way. In today’s episode, we dive into the concept of Trump Accounts—a groundbreaking initiative where every baby born between January 2025 and January 2029 gets $1,000 in an investment account.
Here’s the kicker:
That $1,000, left untouched, could grow to $2.3 million by retirement, assuming a 12% average annual return. That’s the kind of financial security that can change lives and generations!
But we’re not stopping there. Want to learn how to invest smarter and beat stock market returns? I’ll also share insights from my FREE training:How VISA Is Building My Million-Dollar Portfolio Like a Silent Partner.
Ready to take control of your financial future? Tune in now and discover how you can set yourself—and your kids—up for lifelong wealth.
👉 Don’t forget to check out my FREE training here:[https://watch.moneycoachmike.com/s/Fodr07]
 
About MikeMike is a seasoned investor, financial educator, and the creator of MoneyCoachMike. With years of experience building wealth through smart investing, Mike is passionate about helping everyday people achieve financial freedom. From breaking down complex strategies to sharing real-life success stories, Mike makes wealth-building simple, actionable, and attainable for everyone.

How Anita Became Debt Free: Her Journey to Financial Freedom

In this episode, we’re celebrating an incredible milestone: Anita is officially debt free! 🙌 Join us as we share her inspiring story live, diving into the challenges she faced, the strategies she used, and the mindset shifts that made it all possible.
Here’s what you’ll hear:
How Anita tackled her debt step by step.
The sacrifices and decisions she made to stay on track.
The key moments that changed everything for her financial journey.
How becoming debt free is changing her life—and how it can change yours too.
This story is proof that no matter how overwhelming debt may feel, it is possible to break free and take control of your financial future. Let Anita’s journey inspire you to take the next step in your own!
About the Host:Mike is a financial coach and educator who has helped thousands of individuals achieve financial freedom by breaking free from debt, building wealth, and creating sustainable habits. With years of experience and a proven track record, Mike is on a mission to empower others to rewrite their financial stories.
Resources & Links:📈 Ready to start your debt-free journey? 
The 5-Practices to Becoming Debt Free for Good! https://watch.moneycoachmike.com/s/Pw2FEH
If Anita’s story resonates with you, don’t forget to subscribe, rate, and leave a review. Let’s rewrite your financial story—starting today!

Why A Dollar Saved Is Not A Dollar Earned

In this episode, we break down the common misconception of "saving money" and why it’s actually costing you more than you realize.
 
Mike is a financial coach and educator who has helped thousands of individuals break free from debt, build wealth, and develop the habits and mindset needed for financial freedom. With years of experience and proven strategies, Mike is on a mission to empower others to make smarter financial decisions and create a life of abundance.
 
Resources & Links:💡 Learn how Visa is helping me build my million-dollar portfolio: https://watch.moneycoachmike.com/s/Fodr07
 
If you enjoyed this episode, don’t forget to subscribe, rate, and leave a review. Let’s change the way we think about money together!

Should I Invest in U.S. Stocks?

In this episode, I tackle one of the most common questions I receive: "Should I invest in U.S. stocks?"
Join me as I break down why the vision of a country, its economic environment, and its history are critical factors in determining whether now is the right time to invest in the stock market. We’ll explore how these elements shape market opportunities and long-term potential, giving you a clear framework to make informed decisions about your investment strategy.
Ready to Grow Wealth?
3 Ways ISA Is Building My Wealth Like a Silent Partner: [https://watch.moneycoachmike.com/s/Fodr07]
The Carney Method: How to Ethically Grow a Million-Dollar Portfolio and Pay Zero Taxes: [https://watch.moneycoachmike.com/s/RG4JOg]
Wealth Strategy Call: [www.MoneyCoachMike.com/call]
About Money Coach Mike:
Mike is a seasoned financial coach with a mission to help individuals and families crush debt, master their money, and build generational wealth. Having personally paid off over $80,000 in debt, Mike’s clients have collectively paid off over $1 million in the last 12 months and his investing clients have crushed stock market returns. Through his proven strategies and faith-based approach, Mike empowers people to achieve financial freedom and live the life they’ve always dreamed of.

Should You Really Sell in May and Go Away?

Join me as we take a look at the stock market returns in May and see if the old adage really rings true. 
 
Interested in getting coached up in your investment game? www.MoneyCoachMike.com/call
 
About Mike
Mike is a certified financial coach with years of experience helping people get out of debt and build real wealth. His mission is to empower everyday people with practical money strategies and the confidence to take control of their financial future.

Negotiating With Creditors

Struggling with debt? In this episode, we break down the step-by-step process of negotiating with debt collectors—including real strategies you can use to reduce your balances by up to 50%. Learn what to say, what to avoid, and how to protect your rights while working toward financial freedom.
Links Mentioned:
📞 Book a debt consultation call here
💬 Join our Smart Money Community Facebook group
About Mike
Mike is a certified financial coach with years of experience helping people get out of debt and build real wealth. His mission is to empower everyday people with practical money strategies and the confidence to take control of their financial future.