Mike Milligan breaks down why entrepreneurial excellence in money is not about fancy strategies, it’s about solving real problems and making clear decisions. He explains the “paralysis penalty”, how fear and confusion keep people stuck, and why entrepreneurs need a plan that fits their real life, not a one size fits all template. A big theme is trust, if you can’t trust the person guiding your money, you’ll hesitate, and hesitation quietly becomes the most expensive choice.

Mike is the founder of One Oak Financial, a virtual financial planning firm built around the idea that every person’s financial life is “one of a kind.” After working inside big banks and seeing how the system is designed for profit first, he built a firm that listens deeper, says no when it’s not a fit, and helps clients align taxes, cash flow, and long term goals with how they actually live and build. He also shares the founder mindset behind leaving Wall Street, learning to tell a better story, and building a business that can run without you.

In this episode, Mike unpacks how to choose a financial planner without getting fooled by titles, why you should ask an advisor to show their own finances, and what “aligned incentives” really looks like. He also gets into focus, long term investing, and why people panic when the stock market is “on sale.”

Key Topics:

-Why entrepreneurial excellence is simply solving a real problem

-What the paralysis penalty is and why it keeps people stuck

-How to choose a fiduciary and avoid “fake” trust signals

-Why you should ask your financial advisor to show their own finances

-Why long term investing fails when fear takes over

-How founders should think about retirement, taxes, and building a business that runs without them

Timestamps:

02:08 The simplest definition of excellence most founders forget

11:05 The unfair advantage that beats hustle every time

13:17 The money move you should make way earlier than you think

17:10 The hidden cost of doing it all alone

24:46 The 3 ways advisors get paid, and what that means for you

31:48 The “paralysis penalty” that quietly drains your future

38:03 The long game mindset that keeps you rich while others panic

38:34 The weird reason people miss the best buying moments

40:31 What to do when the market “goes on sale”

50:30 The margin rule that keeps entrepreneurs from going broke

51:14 The one thing every business dies without

59:19 The urgency thesis, why saving now changes everything later

1:07:40 The real freedom test for any business owner

1:08:27 The proud moment every founder wants, and how you earn it

Connect with - Mike Milligan, CFP®:

LinkedIn - linkedin.com/in/mikemilligancfp

Website - 1oakfinancial.com (Company)

mike%20milligan.com (Company)

jbpgroup.com (Company)

Connect to Entrepreneurial-Excellence Podcast:

LinkedIn - ⁠https://www.linkedin.com/company/entrepreneurial-excellence-podcast⁠

Youtube - http://www.youtube.com/@EntrepreneurialExcellencePod

TikTok - ⁠https://www.tiktok.com/@eepodcast24⁠Facebook - https://www.facebook.com/profile.php?id=61570329516959

Website - https://www.hirechore.com/resources/podcast