«Learning to understand the true value of money: the story of Dr. Nicholas Michels»
24 june 2025 в 00:02
Dr. Nicholas E. Michels is an author, financial consultant, and founder of the family financial company Michels Family Financial, helping others find their way to financial security. In his work, Dr. Michels prioritizes people over profit, alleviating financial worry and confusion so that everyone can focus on what truly fulfills them. Through Rich by Choice, Dr. Michels offers life guidance for those ready to align their wealth with what truly matters. If you have ever felt stressed about money, this is not just a book — it is your breakthrough to clarity, control, and a life you love.
Recognizing the true value of money
When Dr. Michels learned that his parents were getting divorced, his world crumbled. He moved from a large comfortable home to a cramped trailer and watched his mother, who used to stay at home, take on three jobs to support the family. Here, Dr. Michels realized how money impacts life and resolved to acquire the wealth necessary for a good life.
«Money not only affects your lifestyle — it shapes your peace, happiness, relationships, and future», - says Dr. Michels. «I wasn’t chasing wealth for the sake of wealth. I was chasing understanding, freedom, the power to protect those I love».
Ambition for improvement
Guided by ambition, Dr. Michels worked diligently to join a renowned firm, gaining the opportunity to sit across from brilliant mentors as a financial consultant. He continued his education after graduation, obtained notable certifications, and hired coaches to improve his skills.
«I wasn’t yet the consultant I wanted to be. I didn’t want to just play a role — I wanted to become someone families could truly trust», - explains Dr. Michels. «[I knew] that every bit of understanding I gained could help future families».
Taking a different approach
For his success and personal growth, Dr. Michels was offered $ 8.1 million to move to another firm. It was supposed to be a once-in-a-lifetime opportunity, but Dr. Michels was troubled by what he discovered when he looked deeper. It seemed that this firm — and many parts of the industry — prioritized profit over people. This realization shattered Dr. Michels, and he knew he had to walk away from it.
Founding Michels Family Financial
Supported by his wife, Dr. Michels turned down the money and walked away, but he did not give up on his dream. He decided to create his own firm based on values, not volume. Where families come first, and money becomes a tool to protect what is important. Michels Family Financial was founded on caring for clients, not their money, honoring those who trusted the firm.
«We don’t deal with numbers», - says Dr. Michels. «We deal with peace, turning wealth into freedom, security, and joy. That’s our difference. That’s how our clients become rich by choice».
Mission of Rich by Choice
Not satisfied with sharing his mission of financial fulfillment only with clients, Dr. Michels wrote a book to help anyone apply his methodology. Rich by Choice lays out Dr. Michels' personal journey, his own wealth management process, and the importance of an emotional and psychological approach to finances. The book is written for those facing significant life changes and seeking a better way forward.
«That's what Rich by Choice is all about — using money as a tool to create a life full of meaning, love, laughter, and freedom», - shares Dr. Michels. «A life where you wake up with peace, go to sleep with purpose, and build a legacy you are proud of».
Rich by Choice is written by a nationally recognized wealth strategist who turned down millions to protect his values — this book is your invitation to build wealth and live with peace, purpose, and freedom.
Disclaimer: Investing involves risk, and your invest
Recognizing the true value of money
When Dr. Michels learned that his parents were getting divorced, his world crumbled. He moved from a large comfortable home to a cramped trailer and watched his mother, who used to stay at home, take on three jobs to support the family. Here, Dr. Michels realized how money impacts life and resolved to acquire the wealth necessary for a good life.
«Money not only affects your lifestyle — it shapes your peace, happiness, relationships, and future», - says Dr. Michels. «I wasn’t chasing wealth for the sake of wealth. I was chasing understanding, freedom, the power to protect those I love».
Ambition for improvement
Guided by ambition, Dr. Michels worked diligently to join a renowned firm, gaining the opportunity to sit across from brilliant mentors as a financial consultant. He continued his education after graduation, obtained notable certifications, and hired coaches to improve his skills.
«I wasn’t yet the consultant I wanted to be. I didn’t want to just play a role — I wanted to become someone families could truly trust», - explains Dr. Michels. «[I knew] that every bit of understanding I gained could help future families».
Taking a different approach
For his success and personal growth, Dr. Michels was offered $ 8.1 million to move to another firm. It was supposed to be a once-in-a-lifetime opportunity, but Dr. Michels was troubled by what he discovered when he looked deeper. It seemed that this firm — and many parts of the industry — prioritized profit over people. This realization shattered Dr. Michels, and he knew he had to walk away from it.
Founding Michels Family Financial
Supported by his wife, Dr. Michels turned down the money and walked away, but he did not give up on his dream. He decided to create his own firm based on values, not volume. Where families come first, and money becomes a tool to protect what is important. Michels Family Financial was founded on caring for clients, not their money, honoring those who trusted the firm.
«We don’t deal with numbers», - says Dr. Michels. «We deal with peace, turning wealth into freedom, security, and joy. That’s our difference. That’s how our clients become rich by choice».
Mission of Rich by Choice
Not satisfied with sharing his mission of financial fulfillment only with clients, Dr. Michels wrote a book to help anyone apply his methodology. Rich by Choice lays out Dr. Michels' personal journey, his own wealth management process, and the importance of an emotional and psychological approach to finances. The book is written for those facing significant life changes and seeking a better way forward.
«That's what Rich by Choice is all about — using money as a tool to create a life full of meaning, love, laughter, and freedom», - shares Dr. Michels. «A life where you wake up with peace, go to sleep with purpose, and build a legacy you are proud of».
Rich by Choice is written by a nationally recognized wealth strategist who turned down millions to protect his values — this book is your invitation to build wealth and live with peace, purpose, and freedom.
Disclaimer: Investing involves risk, and your invest
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