In this episode, Michael and Emily talk all things business: how business owners are navigating expectations, what this means for long-term growth, and why this matters for their financial lives. Transcript: (00:00-04:15) - Intro – Business Owners and the Wells Fargo Money Study (04:15- 7:40) - Managing expectations and pressure (7:41-9:33) - Defining your non-negotiables (09:34-10:23) - Set and track financial goals with LifeSync© (10:23-13:11) - Bringing family into the business (13:12-16:09) - Money secrets (16:10-17:18) - Asking the right questions (17:19-18:44) - Can business owners really retire? (18:45-23:20) - Securing your legacy (23:21-25:46) - Balancing risk (25:47-28:00) - Outro and disclosures *** Season five of The Wells Fargo About Money Podcast focuses on data from the 2025 Wells Fargo Money Study, where thousands of Americans were surveyed about their relationship with money. To learn more about how Americans feel, think, and act when it comes to money, check out the full report of findings: https://www.wellsfargo.com/moneystudy2025 If you have a question or money topic you want us to discuss, send an email to aboutmoney@wellsfargo.com, and we can try to get to it in a future episode. Stream and watch full episodes of The About Money Podcast on YouTube and Spotify. To start setting, tracking, and taking steps to reach your financial goals, use LifeSync© in the Wells Fargo Mobile© app: https://www.wellsfargo.com/mobile-online-banking/lifesync/ For more information on how you can get closer to reaching your financial goals, explore Wells Fargo’s educational tools and content: https://www.wellsfargo.com/financial-goals/

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