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Send us a textEpisode 118 discusses Planning for Business Exit with Justin Goodbread. Justin Goodbread is a globally recognized business strategist, bestselling author, and entrepreneur who has built, scaled, and exited multiple 7, 8, and 9 -figure companies.  A decamillionaire before 40, he has personally coached nearly 100 business owners to double or triple their value, creating hundreds of millions in enterprise growth.  His bestselling books, The Ultimate Sale and Your Baby's Ugly, have sold over a million copies worldwide, and his insights have been featured in Forbes, The Wall Street Journal, USA Today, and Kiplinger.  Named the 2022 Peter Christman Exit Planner of the Year and a five-time Investopedia Top 100 Most Influential Advisor, Justin is known for his no-nonsense, practical approach to helping service-based business owners eliminate inefficiencies, scale profitably, and prepare for a lucrative exit. As a dynamic speaker and educator, Justin has shared the stage with some of the world's top business minds, including Dr. By Benjamin Hardy, Shark Tank's Daymond John, Netflix co-founder Mark Randolph, and EOS founder Gino Wickman.  He has spoken at major industry conferences and private business summits, delivering actionable strategies that help business owners scale profitably and build businesses that thrive beyond their direct involvement.  Through his speaking engagements, training programs, and mentorship, Justin champions a straightforward but powerful mission: to help entrepreneurs create a business that fuels their life—not one that consumes it.  As the founder of FinanciallySimple.com and host of a Top 1% podcast, he reaches business owners worldwide with clear, actionable strategies.  Despite his success, Justin remains grounded in his faith, family, and service Episode Benefits:  You can expect to gain actionable insights and strategies to help you prepare to Sell a Business and secure your financial future.  This Podcast series is targeted to Business Owners and C-Suite Executives.  It reflects my 34 years as a Business Owner and subsequent years as a Business Mentor and Consultant.  It focuses on the various subjects and topics to help you run a successful profitable business.  They are approximately 15-minutes long so you can listen while commuting.     Reach out to me to be put in contact with Justin.    The Business of Business, topics are divided into 5 Categories: Management, Operations, Sales, Financial, and Personal. Support the showHelping You Run a Successful Profitable Business !For Business Consulting or to be a Podcast Guest - Contact me at: www.bcforg.comLinkedIn: https://www.linkedin.com/in/brian-fisher-72174413/

Send us a textOn this episode of The Get Ready Money Podcast, I spoke with Nate Hoskin, Founder of Hoskin Capital and Co-Founder of N2 Content Marketing about changing the way we think about money and sharing our knowledge.In this episode we discussed:Ask your audience what they want to know.Establish yourself as a source of trust, most people don't know what you know. Basic financial information is the most useful, and opens the door to more complex topics. Understand the true power of compound interest. Money is a product of generosity and risk. We need to believe that money is abundant rather than scarce.Connect with Nate Hoskin, CFP®, AWMA™: Hoskin Capital Website (here)N2 Content Marketing Website (here)Instagram (here) LinkedIn (here)TikTok (here) YouTube (here)Resources mentioned:Free resources from Nate for advisors (Freebies page).The Power of Compound Interest: The Get Ready Money Podcast (here)Humphrey Yang (YouTube)Monarch Money (money management app): https://www.monarchmoney.comQuicken Money (here)Rich Habits Podcast (here)100M Offers: How To Make Offers So Good People Feel Stupid Saying No by Alex Hormozi (Bookshop)Bio: Nate Hoskin, CFP®, AWMA™ is the Co-Founder N2 Content Marketing and Founder of Hoskin Capital. As one of the first financial advisors to embrace short-form video, Nate built his firm Hoskin Capital without any selling whatsoever. Instead, he built trust at scale by providing massive value for free on social media. Today, he has grown his audience to over 250,000 followers and has earned over 150,000,000 lifetime views. His guiding light is making financial literacy a basic human right. To multiply his impact beyond his own audience, Nate helps other financial advisors build trust at scale with short-form video through his other project: N2 Content Marketing. Nate is an Investopedia Top 100 Most Influential AdvisorSupport the showThe Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.

Many people feel stuck in their current financial situation, believing that wealth and stability are out of reach. But what if the key to financial success isn't about making drastic changes overnight but rather small, intentional shifts in mindset and habits? Today's guest, George Grombacher, has spent 24 years helping people take control of their money and their lives. A five-time Investopedia Top 100 Financial Advisor, he is the author of Your Money Story: How to Get the Ending You Want and a champion of financial empowerment. As President of Financial Consulting Professionals, Founder of Money Alignment Academy, and host of the LifeBlood Podcast and Aligned Money Show, George shares powerful insights empowering others to build lasting financial security. In our conversation, George outlines the most common barriers to financial success and the key steps you can take to overcome them. He breaks down the limiting beliefs people tend to have around money and how deep internal work can help you rewrite your money story. From tracking expenses to reshaping your financial mindset, he reveals how small, consistent actions create lasting change. Financial success is about so much more than numbers. It's about aligning your choices with what truly matters. By challenging old narratives, reflecting on your goals, and making intentional decisions, you can build a future that feels both secure and fulfilling. Tune in to discover how to take control of your money story one step at a time!   Key Highlights From This Episode: Introducing George Grombacher and his book Your Money Story. [02:23] Aligning your financial goals with your values and resources. [09:51] Common barriers to financial success and steps to overcome them. [11:51] How to address the typical blocks people have around money. [14:09] Understanding the way limiting beliefs and emotions inform your financial choices. [17:45] Key steps for rewriting your limiting beliefs. [22:46] Creating change by knowing, tracking, and reviewing your expenses. [25:41] How small, incremental steps can help you achieve the life you aspire to. [27:45] A new way to frame - and move toward - what is “just right” for you [28:00] The rewards that come from deep reflection and identifying what you really want. [35:05] Challenges affluent people face and addressing feelings of shame. [37:37] For More Information: George Grombacher George Grombacher on LinkedIn George Grombacher on X George Grombacher on Facebook George Grombacher on Instagram George Grombacher Books Your Money Story: How to Get the Ending You Want Money Alignment Academy Financial Consulting Professionals LifeBlood Podcast Aligned Money Show   Links Mentioned in Today's Episode:  Read Daniel Kahneman's Thinking, Fast and SlowListen to Kathy's appearance on the LifeBlood Podcast, Episode 1274: How to Find a Career You Love with Kathy CaprinoKathy's previous Finding Brave interview with George, Episode 198: What's Really Holding Us Back From Earning and Having Exponentially More Money with George Grmbacher   ——————— JOIN KATHY IN “THE MOST POWERFUL YOU” LIVE COURSE - STARTS FEBRUARY 27 2025 I'm thrilled to announce that my 8-week LIVE course, The Most Powerful You is now open for early bird enrollment! We kick off the course on February 27th, and if you register by February 21, you'll save $300 on the full price and receive 9 incredible bonuses—including FREE access to my brand-new digital career coaching tool, Kathy Caprino AI! This transformative course is the perfect companion to my book, The Most Powerful You: 7 Bravery-Boosting Paths to Career Bliss. Over 8 weeks with 8 weekly calls with me, I'll personally guide you through the steps to: Boost your confidence Step into your leadership power Build effective networks and allies Speak up for what you want and get it Share your talents and skills in new, compelling ways And make the career changes and pivots you've been dreaming of, without costly mistakes and missteps By closing the 7 power and confidence gaps that we focus on, you'll transform how you see yourself, how others see you, and what's possible for your career—and your life. Spots are limited, so don't wait! Head to mostpowerfulyou.com to claim your $300 Early Bird savings and your 9 bonuses before February 21. I can't wait to support your growth and help you create the career and life you truly deserve, with greater success, reward and impact. Let's do this together—see you in the course!   ——————— GET ONE MONTH FREE OF KATHY'S NEW DIGITAL CAREER COACHING CLONE—‘KATHY CAPRINO AI” I'm thrilled to share the release of my new Kathy Caprino AI career and leadership coaching clone! Here's more about it! >> https://kathycaprino.com/kathyai And grab the one-month-free offer with coupon code “KCFREETRIALAI”. Powered by Delphi.ai, this tool brings my career growth teachings, advice, and answers to your most pressing questions directly to you, 24/7. With a subscription, you get unlimited access and can message or audio chat with my AI clone anytime you need guidance. Drawing on my 40+ years of experience—from corporate life, therapy, and coaching to writing and speaking across 6 continents—I've trained Kathy AI using over 2.5 million words of my own content, including articles, books, podcasts, interviews, and workshops seen by over 41 million people. My mission? To make Kathy Caprino AI your trusted resource for real-time career, leadership, and personal growth strategies. Get tailored answers to your toughest career challenges and practical solutions to achieve your top goals. We offer two affordable pricing tiers, with Tier 2 unlocking great bonuses like membership to my new Career Breakthrough Community, including free coaching calls with me, exclusive discounts on my courses and programs, free LinkedIn support, and so much more. It also makes a fantastic gift for friends, family, or colleagues who want to thrive professionally! Check it out and subscribe today at kathycaprino.com/kathyai and use coupon code “KCFREETRIALAI” for your first month free. Let me know what you think—and I truly hope it becomes a game-changer for you! For other career support programs, visit my Career Help page.   ——————— Order Kathy's book The Most Powerful You today! In Australia and New Zealand, click here to order, elsewhere outside North America, click here, and in the UK, click here. If you enjoy the book, we'd so appreciate your giving the book a positive rating and review on Amazon! And check out Kathy's digital companion course The Most Powerful You, to help you close the 7 most damaging power gaps in the most effective way possible. Kathy's Power Gaps Survey, Support To Build Your LinkedIn Profile To Great Success & Other Free Resources Kathy's TEDx Talk, Time To Brave Up & Free Career Path Self-Assessment Kathy's Amazing Career Project video training course & 6 Dominant Action Styles Quiz   ——————— Sponsor Highlight I'm thrilled that both Audible.com and Amazon Music are sponsors of Finding Brave! Take advantage of their great special offers and free trials today! Audible Offer Amazon Music Offer   Quotes: “What all this comes down to is understanding what is most important to me and what matters to me, and then making sure that I am allocating my most valuable resources aligned with what is most important.” — @glgrombacher [0:09:53] “Invariably, when I get up in front of a room, somebody will say to me, ‘I'm just not good at money. ' Well, fair, currently you might not be, but if you really believe that, you are going to have a really hard time becoming financially successful.” — @glgrombacher [0:15:03] “There's a ton of internal work that we need to do to try to uncover any limiting or negative beliefs you have about money.” — @glgrombacher [0:15:16] “The good news is you can overwrite those limiting beliefs.” — @glgrombacher [0:23:06] “Just because you can't go from where I am today to having everything that I want tomorrow doesn't mean that I can't incrementally be working to get that.” — @glgrombacher [0:29:18] “You are worthy and deserving of the life that you want, [and] the financial life that you want, but none of us are entitled to it. Nobody's going to give it to us.” — @glgrombacher [0:42:03]   Watch our Finding Brave episodes on YouTube! Don't forget – you can experience each Finding Brave episode in both audio and video formats! Check out new and recent episodes on my YouTube channel at YouTube.com/kathycaprino. And please leave us a comment and a thumbs up if you like the show!

President Trump has signaled that imposing new tariffs will be a cornerstone of his presidency. How will tariffs impact your family finances? Meghan Rabuse, the Family Finance Mom, joins the show again to help us answer this big question.  Also, Larry Sprung from New York shares how he and his wife paid off their $1 million home and what they plan to do with the extra money! RESOURCES Meghan Rabuse (Website): https://www.familyfinancemom.com  Larry Sprung (Website): https://www.mitlinfinancial.com/ GUEST BIO - Meghan Rabuse Meghan spent nearly a decade as a Financial Analyst, before spending the last decade as a SAHM to three little ones. She shares simple money tips for moms to help their family reach their financial goals by building a financial plan they can LIVE with! GUEST BIO - Larry Sprung Larry Sprung, CFP®, is the founder and wealth advisor at Mitlin Financial, Inc., with over 26 years of experience in financial planning and asset management. He is the author of the bestselling book Financial Planning Made Personal and hosts the Mitlin Money Mindset® podcast. Recognized as an Investopedia Top 100 Financial Advisor from 2021 to 2023, Larry is also a member of the Forbes Advisor Banking Advisory Board. A dedicated mental health advocate, Larry has served on the National Board of the American Foundation for Suicide Prevention and co-founded the Keith Milano Memorial Fund, raising over $1.7 million. A graduate of Binghamton University, he combines professional expertise with a passion for community and well-being. MKM RESOURCES Make My Kid a Millionaire Course: Want to make your kid a millionaire? Learn more about my course! MKM Coaching: Request a free 15-minute consultation today YouTube: Subscribe for free to watch videos of these episodes and interviews Instagram: Follow our IG channel Voicemail: Leave your questions or comments here  HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Research & Writing: Andy Hill Podcast Artwork: Kayli Groves Editor: Podcast Doctors Podcast Management: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

We're talking about money! More specifically, we're going to talk about money in our romantic relationships, because let's face it – love is not all you need.  Money is the 3rd wheel in many relationships. And it's not really about money, it's the habits, goals, and beliefs – because when any of those are not the same, it causes stress in that relationship. Don't believe me? Well, 89% of people polled (according to Forbes) believe that financial stability is necessary for a happy and successful relationship. I've invited Anna N'Jie-Konte, President of Re-Envision Wealth as our guest. Anna is a passionate believer in the empowerment and economic liberation of women and minorities and has been honored as an Investopedia Top 100 Financial Advisor, been named one of 2023's “Hot List” by Investment News and 10 “Young Advisors to Watch” by Financial Advisor Magazine. Anna also serves on the advisory board of Wealth.com. as a CFP Board Ambassador, and as a board member of the Finserv Foundation. We must have these money conversations early and often. Because money doesn't buy love, but it sure can bankrupt a relationship – so it's time to build a healthy, productive, empowered relationship with your finances and then bring that to your relationships. Connect with Anna: Website: www.re-envisionwealth.com  Newsletter: www.annanjiekonte.com/signup  IG: @anjiekonte Join the Club: https://bit.ly/FinancialPowerhouseTheClub The Club is an amazing, no-fluff community for first-gen women who want to feel financially fluent and break negative financial cycles. Whether you're just getting started or are a seasoned investor- this is for you. Like what you heard? Please rate and review  Thanks to our This Is Woman's Work Sponsor: If you're looking for the next best thing to a no-bra day, go to cakesbody.com and use my promo code TIWW for 10% off your Lounge Layer Bra (whether you order 1 or 5 of them). And then thank me later.

BIO: Dr. Carolyn McClanahan is a physician turned financial planner. In addition to working in her financial planning practice, she speaks regularly on the interplay between health and financial issues, particularly regarding aging, chronic illness, end-of-life, long-term care, health care reform, and health care costs.STORY: Carolyn lost a good chunk of her portfolio while doing active management.LEARNING: There's nobody out there who can be consistently smart to beat the market. Know your money goals. Be careful of overconfidence bias. “We (doctors) think just because we're smart at medicine, that we can beat the market, we can pick the best investments, and get rich.”Carolyn McClanahan Guest profileDr. Carolyn McClanahan is a physician turned financial planner. In addition to working in her financial planning practice, she speaks regularly on the interplay between health and financial issues, particularly regarding aging, chronic illness, end-of-life, long-term care, health care reform, and health care costs. She is an Investopedia Top 100 advisor, serves on the CNBC Financial Advisor Council, and writes for various publications. She is quoted regularly in the Washington Post, New York Times, and CNBC.Worst investment everCarolyn started experimenting with investing in the 90s when she was in her 30s. Her husband inherited a little money from his parents, and they invested it. The investment did super well because it was the mid-90s.Her husband didn't want to be an engineer anymore. He wanted to be a track coach and a photographer. The couple tried to find a financial planner to help them plan their finances to accommodate the husband's wishes. All the financial planners wanted to do was take over the couple's money and charge a fee to put them in a bunch of mutual funds. They didn't do actual financial planning.That's why Carolyn decided to go back to school. She did stuff like day trading along the way, which was crazy. Carolyn also became a financial planner and got to learn about mutual funds. She spent so much time picking these great mutual funds that were supposed to grow beyond everything else. She also started investigating alternative assets.The stock market crashed in 2008-2009, and Carolyn suffered a massive loss due to active management.Lessons learnedEverybody is brilliant in a different way, but there's nobody out there who can be consistently brilliant to beat the market.Know your money goals. For short-term money, invest conservatively. For long-term money, you can be more aggressive, but don't try to pick what's going to do best because you're not going to know what that is—pick the whole basket.Andrew's takeawaysActive management makes it very difficult to beat the market.Set up a passive investment account and let it grow.Be careful of overconfidence bias.Actionable adviceKnow your money goals and your time horizon, and make sure you have an investment policy statement that you follow and stick to through thick and thin, and you'll be okay.No.1 goal for the next 12 monthsCarolyn's number one goal for the next 12 months is to start her succession plan, so she's hoping to hire three new advisors, grow the practice a little more, and get ready to launch herself in the next five to 10 years.Parting words “Just live life fully every day because...

In this episode, entrepreneur and financial expert Larry Sprung shares his journey of overcoming loss and tragedy in his family to help others. Larry's experiences taught him valuable lessons about the importance of mental health and seeking help when needed.“If you're walking down the street and there's a pebble on the ground, and you pick up the pebble, and you put it right here up against your eye. It looks like a boulder. You're never gonna get around it. But if you take that same pebble and you put it out at arm's length and then you look at it, you're like, well, it's just a pebble. I could get around that thing”Larry's mother's battle with cancer instilled a level of fight and battle in him. He also shares how his brother-in-law's suicide reinforced the idea that life is short and that if we're not healthy, the outcomes could be detrimental. As a result, Larry became passionate about raising awareness for mental health, serving on the National Board of the American Foundation for Suicide Prevention for over 12 years and raising over $1.7 million through the Keith Milano Memorial Fund with his wife, Denise.Larry encourages others to prioritize relationships and family and to create a life by design, not by default.Larry Sprung is the founder and wealth advisor at Mitlin Financial, Inc® www.mitlinfinancial.com and the host of the Mitlin Money Mindset™ Podcast www.mitlinmoneymindset.com. He has been named an Investopedia Top 10 Advisor and has received several other industry recognitions. Outside of work, Larry volunteers through Family Reach, providing pro-bono financial planning services to those dealing with a cancer diagnosis. He values his family tremendously and strives to do right by his wife and two sons.Purchase Larry's New Book: https://www.mitlinfinancial.com/financial-planning-made-personal/Connect on Social:https://www.linkedin.com/in/lawrencesprung/https://www.facebook.com/lawrencesprung/https://twitter.com/Lawrence_Sprunghttps://www.instagram.com/larry_sprung/Get access to ad-free episodes released two days early and bonus episodes with past guests through Patreon. https://patreon.com/thelifeshiftpodcastConnect with me:Instagram: www.instagram.com/thelifeshiftpodcastFacebook: www.facebook.com/thelifeshiftpodcastYouTube: https://bit.ly/thelifeshift_youtubeTwitter: www.twitter.com/thelifeshiftpodWebsite: www.thelifeshiftpodcast.com Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Pedro Frias Show, we sit down with Lawrence Sprung, CFP®, the President and Founder of Mitlin Financial, Inc, Investopedia Top 10 financial advisor, a leading SEC Registered Investment Advisor (RIA) firm that focuses on helping clients achieve their financial goals. Larry has over two decades of experience in the financial industry, and he is a frequent speaker at industry conferences and author of the informative podcast series, "Mitlin Minute." He is also a member of the National Board of the American Foundation for Suicide Prevention. Larry discusses the importance of creating a budget, paying down debt, and saving for your future. He also talks about the different types of investments available and how to choose the right ones for your needs. Whether you're just starting out or you're looking to improve your financial situation, this episode is packed with valuable information. Listen in to learn from Larry's experience and wisdom and start taking steps to reach your financial goals. Here are some of the key takeaways from the episode: Creating a budget is the first step to getting your financial life in order. Paying down debt is essential to building wealth. Saving for your future is important, no matter how old you are. There are many different types of investments available, so it's important to choose the ones that are right for you. You should work with a financial advisor who can help you make sound financial decisions. If you're ready to take control of your finances, listen to this episode and start taking steps to reach your financial goals Connect with Lawrence Sprung, CFP® Website: https://www.mitlinfinancial.com/team-members/lawrence-sprung/ Linkedin: https://www.linkedin.com/in/lawrencesprung/ -- Thank you for watching this video—Please Share it and get the word out! What part of this video resonated with you the most? Comment below!

Do you have anything put away for retirement? If so, you're doing better than 50% of women and 47% of men ages 55-66, according to U.S. Census Bureau data. Yikes! For today's roundtable, we welcome guest contributor Investopedia Top 100 Advisor in 2019, 2020, and 2021; Certified Financial Planner (CFP); and Retirement Income Certified Professional (RICP) Benjamin Brandt. We welcome Paulette Perhach back from her travels, and Len Penzo joins us from his bunker under flooded Los Angeles. They give their 2 cents on today's alarming headline - which is $0.02 more than almost half of Americans approaching retirement age have set aside, apparently! Double yikes! In our second part of the retirement savings discussion, we discuss a piece by JL Collins that pushes back against the idea that your home doubles as a retirement nest egg. In his trivia today, Doug comes through with timely data about expected retirement age - which, as we discuss, doesn't always pan out the way people plan. Flexibility is the name of the game, Stackers! FULL SHOW NOTES: https://www.stackingbenjamins.com/Fri-roundtable-1343. Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bio:COLIN OVERWEG, CFP®Professional:I was sick of commission, proprietary products, sales quotes, clucky technology and being told how to help my clients so left the broker dealer world forever and launched Advize Wealth!Since then I've been name an Investopedia Top 100 Advisor in the Country, serve on the Board for the Financial Planning Association, frequently guest lecture at Universities have been feature in multiple publications.My passion is to power yours!Personal:I live in Los Angeles, CA with my amazing wife, Alyse! We make frequent visits to our home towns in Michigan to visit friends and family.When I'm not working, you can find me at the beach attempting surf, long boarding, mountain biking, making financial vlogs, golfing and traveling!Social:https://www.linkedin.com/in/colinoverweg/Twitter: @colinoverweg

Fighting For Women's Financial Literacy! Do You Ever Wonder Speaks With Cary Carbonaro...Do You Ever Wonder host Mike Haltman had the opportunity to speak with Registered Investment Advisor Cary Carbonaro in one of her first public appearances after taking a hiatus from the public eye.Cary is a juggernaut for women's financial literacy, a fiduciary protecting her client's assets, and a frequent guest on business news shows, podcasts, and in print media around the United States and around the world.Cary can be reached here, carycarbonaro@hotmail.com, or visit her website here, https://carycarbonaro.com/.And, her credentials speak for themselves...- Director of Women and Wealth at Advisors Capital Management,- Best-selling author of 'The Money Queen's Guide - For Women Who Want Build Wealth and Banish Fear',- #4 on the Investopedia Top 100 Most Influential Financial Advisors (2019),- One of Crain's Notable Women in Finance, She has been a guest on “Fox & Friends” “The Today Show,” CNN, CNBC, CBS, Fox News, ABC, NPR, Fox 5 NY, NY1, and Good Morning Orlando. She is is a frequent guest on WPIX NY and PBS Nightly Business.Because of her credentials, Cary is frequently sought out for her expertise and has been quoted in a variety of well-known publications, including: The Wall Street Journal, Newsday, New York Post, USA Today, The Street.com, Bloomberg, Huffington Post, Bankrate, Time Magazine, Money Magazine, More Magazine, Kiplinger's, US News & World Report and Investor's Business Daily. She has also served as the Orlando Sentinel's “Money Matters Hotline” Expert.Enjoy the episode, and please like and share!____________________________________________The Do You Ever Wonder podcast is brought to you by New York title insurance provider Hallmark Abstract Service.Hallmark Abstract Service...You Buy, We Protect!What's your favorite podcast platform?Whichever it is, Do You Ever Wonder is on there!Apple : https://podcasts.apple.com/podcast/id1589834260Spotify : https://open.spotify.com/show/29rcULIGYPoa2k1SL1nfebGoogle : https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xODYyOTg2LnJzcw==Amazon : https://music.amazon.com/podcasts/5824f1cf-0719-4617-b874-e9ff1f38456e/do-you-ever-wonder-with-your-host-mike-haltmanStitcher Podcasts : https://www.stitcher.com/s?fid=657987iHeart Radio : https://iheart.com/podcast/90144298/Pandora: https://www.pandora.com/podcast/do-you-ever-wonderwith-your-host-mike-haltman/PC:78342Follow Do You Ever WonderOn LinkedIn here: https://www.linkedin.com/company/do-you-ever-wonder/On Facebook here: https://www.facebook.com/WhatAreYouWonderingAbout/

Lawrence “Larry” Sprung, CFP®, is the founder and wealth advisor at Mitlin Financial, Inc. Larry is also the host of the Mitlin Money Mindset™ a podcast that's all about getting your mind right when it comes to all things money. One of Larry's greatest passions is raising awareness for mental health. He spent over 12 years serving on the National Board of the American Foundation for Suicide Prevention (AFSP) and sits on its financial and investment committees.  As a fiduciary advisor, he and his team are dedicated to facilitating the customization of clients' portfolios as they work toward reaching their financial objectives.   Larry and the Mitlin team prioritize clients first and consistently help clients make healthy financial decisions and offer a tremendous client experience that leverages today's top tools and technology. Larry has appears on numerous podcasts and in the media speaking most recently on CNBC about money and parenting. He is also a member of the Experian Credit Chat panel and has presented to romance authors at numerous conferences, speaking about financial planning and business structure.    Larry has received several industry recognitions, including being named an Investopedia Top 10 Advisor in 2022 and a 2019 finalist for the Invest in Others For Community Service Award.   Outside the office, one of Larry's greatest passions is raising awareness for mental health. He spent over 12 years serving on the National Board of the American Foundation for Suicide Prevention (AFSP) and sits on its financial and investment committees.    With his wife, Denise, he has raised more than $1.7 million for the organization through the Keith Milano Memorial Fund. The fund was created at AFSP in memory of his brother-in-law.   Larry values his family tremendously and his desire to do right by his wife and two sons drives who he is in and out of the office.    You'll likely find Larry at any number of ice hockey events on any given weekend or excited for his wife to plan their next Disney vacation.  Connect on Social:    Larry Sprung,  CFP® https://www.linkedin.com/in/lawrencesprung/ https://www.facebook.com/lawrencesprung/ https://twitter.com/Lawrence_Sprung https://www.instagram.com/larry_sprung/  

In episode 403 of Financially Simple, Justin looks at how your attitude as a business owner can determine your business's success. The mindset of a business owner and how they approach their dealings with their clients and suppliers will ultimately set them up for success or failure. In this episode, Justin considers the meaning of success to an individual business owner, and how that can influence their dealing with others as well as the security and prosperity of their business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TOPIC INDEX: - Attitude = Success: The Seasoned Owner - How Do You Define Success - Is Money Success? - Pride Poisons Success   USEFUL LINKS: Allie Taylor: The Paradox of Success Tennessee 1998 National Champions - Clint Stoerner Fumble Work with Our Team Subscribe to the Financially Simple Newsletter NEW Book: Your Baby's Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later _________________   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.   DISCLOSURES: This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on number of followers and engagement on social media, primary contribution to professional industry websites and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk taker and specialist while showing characteristics of collaboration. This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 402 of Financially Simple, Justin considers the emotional and psychological impact that selling a Business can have on the Owner. You've devoted a chunk of your life to building a successful business, and now you're ready to sell it - but are you, personally, prepared for the mental shocks to come? In this episode, Justin looks at what it is like to sell a business from the emotional and psychological side of things - the sudden realization and change that comes somewhat unexpectedly. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TOPIC INDEX: - The Emotions of Making the Ultimate Sale - The Unexpected Weight of Emotion - Winning The Lottery - After the Initial Thrill - The Personal Side - How Will You Occupy your Time - Separating Your Identity From Your Business - Impression Management   USEFUL LINKS: Work with Our Team Subscribe to the Financially Simple Newsletter NEW Book: Your Baby's Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later _________________   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.   DISCLOSURES: This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on number of followers and engagement on social media, primary contribution to professional industry websites and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List. The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk taker and specialist while showing characteristics of collaboration. This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 401 of Financially Simple, Justin lists some of the obstacles that might impede the closing of a sale. You're selling your business, you've got an interested Buyer, so far so good - except for the other things that still need to be overcome, such as having both parties' legal counsel agree, the banks that are financing the business approve the deal, and your employees and customers are as happy about the sale as you are. In this episode, Justin looks at the potential roadblocks to a successful business sale, and how planning will help to make the process a smooth one. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TOPIC INDEX: - Roadblocks to Closing - Attorneys - Bankers - Employees - Customers - The Seller and the Buyer   USEFUL LINKS: Work with Our Team Subscribe to the Financially Simple Newsletter NEW Book: Your Baby's Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later _________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year. DISCLOSURES: This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.  Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on number of followers and engagement on social media, primary contribution to professional industry websites and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List. The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk taker and specialist while showing characteristics of collaboration. This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 395 of Financially Simple, Justin explains how you can analyze your business's performance year-on-year using five simple Key Ratios. A Key Ratio uses your business's financial data and compares the information to another data set to help determine the state of the company's finances and more. In this episode, Justin explains the five Key Ratios that you should be using to measure your business growth path from one year to the next so that you can make changes in the sectors that are required to improve the overall value of your business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:20 - Key Financial Ratios for Your Business 01:27 - What is a Key Ratio? 03:27 - Gross Profit Margin Percentage 06:36 - Net Operating Margin Percentage 09:02 - Debt to Equity Ratio 10:12 - The Quick and Current Ratios 12:28 - Your Return on Equity 16:30 - Summary   USEFUL LINKS: Work with Our Team Financially Simple on YouTube Advance Child Tax Credit Payments in 2021 Subscribe to the Financially Simple Newsletter   NEW Book: Your Baby's Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later _________________   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 394 of Financially Simple, Justin takes a moment to go over what you as a business owner can do to try to prepare for the next financial crisis. National and global catastrophes that happen unexpectedly, such as the current COVID-19 pandemic or even the 2008 financial crisis can make or break a business. In this episode, Justin goes over nine ways to help you protect your business and yourself during troubling times and to even potentially come out better. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:42 - How to Use Your Business's Revenue to Prepare to Maximize the Next Crisis 04:01 - Positioning 05:46 - Handling Company Cashflow 08:12 - Cover Expenses 09:35 - Home Emergency Fund 11:27 - Operational Expenses 14:48 - Line of Credit 16:33 - Receive Retirement Plan Match 17:26 - Fully Fund HSA 18:17 - Max Out Your ROTH IRA 19:04 - Tax Planning 20:50 - Non-Qualified Assets 23:12 - Summary 26:30 - Wrap Up   USEFUL LINKS: Work with Our Team Financially Simple on YouTube Advance Child Tax Credit Payments in 2021 Subscribe to the Financially Simple Newsletter NEW Book: Your Baby's Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later _________________   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 393 of Financially Simple, Justin talks to author Les McKeown about Predictable Success. Can the success of a business be predicted with any certainty, and if so what are the indicators or paths that can be followed to measure the progress of the business? In this episode, Justin and Les discuss Les's book Predictable Success, and cover the broad strokes of the path and indicators that Les has discovered in his many years of business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:42 - Predictable Success with Les McKeown 01:19 - Backstory 07:41 - The Umbrella Path 16:07 - Should We Strive for Predictable Success? 26:13 - Investigation, Interpretation, Implementation 32:50 - Scale 40:57 - Recommended Reading 43:25 - A Piece of Wisdom 44:44 - Wrap Up   USEFUL LINKS: Work with Our Team Les McKeown, LinkedIn PredictableSuccess.com/Justin Predictable Success, by Les McKeown Synergist, by Les McKeown Do Lead, by Les McKeown Do Scale, by Les McKeown Advance Child Tax Credit Payments in 2021 NEW Book: Your Baby's Ugly - Maximize the Value of Your Business NOW or You Will Have Nothing to Sell Later _________________   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In today's episode of Passion for Real Estate Investments, Founder of Partners for Prosperity, Kim Butler, talks about death benefits in regard to real estate. After leaving the firm she worked for in 1999, Kim Butler founded Partners for Prosperity, LLC. Through her work and dedication, she has helped countless people build sustainable, generational wealth with her Prosperity Economics Philosophy and The 7 Principles of Prosperity™. Kim has featured in the Investopedia Top 100 List four times, she is the author of 8 highly recommended books, host of the Prosperity Podcast, mentor, and co-host of the annual Summit for Industry Professionals. Her work has been recommended by distinguished industry leaders such as Robert Kiyosaki, Garrett Gunderson, Tom Dyson, Tom Wheelwright, Michael Isom, and Patrick Donohoe, to name a few. What can the presence of death benefit of life insurance do for your real estate? Hear about moving real estate from generation to generation, the differences between term insurance and whole life insurance, how to use charitable remainder trusts and reverse mortgages, and the importance of education in creating a legacy. If you're looking into life insurance policies and want to know more about your options, or you want to learn about how it affects your real estate, or you want to create a lasting legacy, this episode is for you.   Highlights from the interview “Unless you know something I don't, death is a guaranteed event.” Life insurance companies think the life expectancy age is 120. “It's so critical that the life insurance that you use for a charitable remainder trust is permanent.” “If you use term insurance, it's not likely going to survive as long as you do.” “We recommend full life so that their family is guaranteed to get the replaced wealth.” “Reverse mortgages are done much better if you are in your 80s.”

In today's episode of Passion for Real Estate Investments, Founder of Partners for Prosperity, Kim Butler, talks about death benefits in regard to real estate. After leaving the firm she worked for in 1999, Kim Butler founded Partners for Prosperity, LLC. Through her work and dedication, she has helped countless people build sustainable, generational wealth with her Prosperity Economics Philosophy and The 7 Principles of Prosperity™. Kim has featured in the Investopedia Top 100 List four times, she is the author of 8 highly recommended books, host of the Prosperity Podcast, mentor, and co-host of the annual Summit for Industry Professionals. Her work has been recommended by distinguished industry leaders such as Robert Kiyosaki, Garrett Gunderson, Tom Dyson, Tom Wheelwright, Michael Isom, and Patrick Donohoe, to name a few. What can the presence of death benefit of life insurance do for your real estate? Hear about moving real estate from generation to generation, the differences between term insurance and whole life insurance, how to use charitable remainder trusts and reverse mortgages, and the importance of education in creating a legacy. If you're looking into life insurance policies and want to know more about your options, or you want to learn about how it affects your real estate, or you want to create a lasting legacy, this episode is for you. Highlights from the interview * “Unless you know something I don't, death is a guaranteed event.” * Life insurance companies think the life expectancy age is 120. * “It's so critical that the life insurance that you use for a charitable remainder trust is permanent.” * “If you use term insurance, it's not likely going to survive as long as you do.” * “We recommend full life so that their family is guaranteed to get the replaced wealth.” * “Reverse mortgages are done much better if you are in your 80s.”

“So many people spend their health to gain wealth, and then have to spend their wealth to regain their health” (A.J. Reb Materi), that's our next guest's mantra. Marguerita ‘Rita' Cheng, is the chief executive officer of the financial advisory firm, Blue Ocean Global Wealth. Rita and her team help people meet their life goals through the proper management of their financial resources. This week she joins Gloria as our guest. She is a Certified Financial Planner® (CFP®) professional, a Chartered Retirement Planning Counselor, and a Retirement Income Certified Professional. Rita is not a psychologist, however, her passion drives her to help others navigate through some of life's most difficult issues, like divorce, death, career changes, or caring for aging relatives. Her support provides her clients with the confidence necessary to help them regain control of their finances. Her proudest moments are the ones when she is able to use her abilities to make a difference in people's lives, by helping them to prepare financially for when times get tough. Clients are left with clarity, empowerment, and a sense of security. On today's podcast Rita and Gloria, discuss the importance of creating a financial plan, the importance of building a brand, how decisions from the past impact your future, why networking will help you make it, and how taking the time to look at yourself and your surroundings will improve your personal life. Marguerita is a regular columnist for Investopedia and Kiplinger, and a past spokesperson for the AARP Financial Freedom Campaign. She serves as a Women's Initiative (WIN) Advocate and a member of the Diversity Advisory Group (DAG) for the CFP Board. She graduated with a Bachelor's degree in finance, literature, and East Asian Language from the University of Maryland, College Park. She's a recipient of the prestigious Japanese Monbukagakusho Scholarship. Throughout her exemplary career she has earned several accolades. In 2019, she was named the #5 Most Influential Financial Advisor in the Investopedia Top 100 and one of Maryland's Top 100 Women. In 2017, she was named the #3 Most Influential Financial Advisor in the Investopedia Top 100 and a Woman to Watch by InvestmentNews. Rita also volunteers her time as a SoleMate for Girls on the Run, a charity dedicated to help young girls' confidence through running and by raising money for participants to win scholarships. You can reach Rita by visiting her website https://www.blueoceanglobalwealth.com/

For more than a decade, Douglas A. Boneparth has helped his clients negotiate sales of businesses; establish legacies for future generations; purchase new homes; pay off debt and achieve financial independence. But while servicing the needs of his diverse book of business, he noticed a gaping hole in the financial services industry: financial planning and advice for Millennials, his peers. So while everyone else was chasing old money to invest, Douglas started finding young people to invest in. With a passion to improve the financial lives of those around him, Douglas founded Bone Fide Wealth, a firm dedicated to providing both effective and relatable advice to the city's hardest working young professionals. Through his personal experiences with student debt, higher education, career development, professional achievement and entrepreneurship, Douglas shares a perspective that very few financial advisors in the industry can. Douglas then draws upon the real life examples of his firm's clientele, offering financial solutions that are as creative as they are practical. To financially educate and empower Millennials, Douglas speaks across New York City, including engagements at New York University, Fordham University and The King's College and partners with organizations like Experian, SoFiand Blue Nile. He is active in w!se, a New York City non-profit that teaches financial life skills to high school students. Douglas received his Bachelor of Science degree from the University of Florida and his Master of Business Administration from the NYU Stern School of Business, with concentrations in finance and management. He enjoys playing tennis and volleyball, keeping his menswear fresh and watching college football with Heather, Hazel and Ruby, his wife and two daughters. Go Gators! Twitter: @dougboneparth IG: @dougboneparth Street Cred: Co-author of The Millennial Money Fix (Career Press, 2017). CNBC Digital Financial Advisor Council. Investopedia Top 10 Most Influential Financial Advisors, 2018, 2019, 2020.* InvestmentNews “40 Under 40”, 2016.* CFP Board Ambassador for New York. Forbes Top Next-Generation Wealth Advisors, 2018, 2019* NexGen Director, Financial Planning Association of New York, 2018. Financial expert in the media. Visit the press page for access to featured videos, articles and more.

Just about every entrepreneur has the dream to make money and be successful to grow and expand their business. Justin A. Goodbread, a nationally recognized financial planner, educator, wealth manager, and entrepreneur, gives a reality check to business owners that, in fact, 80% of their net worth is in their business and there's only a 4% chance of selling the business for what an owner truly thinks it's worth. And only 13% of business owners can sell their business.  With Justin's methods, he helps owners add value to their companies, strive and succeed. Justin is a CFP®, CEPA®, CVGA®, owner of Heritage Investors, LLC., Heritage Business Advisors and FinanciallySimple.com He is a three-time recipient of the Investopedia Top 100 Advisor award and the Exit Planning Institute's Exit Planner Leader of the Year. In our no-nonsense conversation, Justin shares how business owners can reach that dream, including:  ·        Why business owners need to “replace” themselves. ·        Addressing the eight fundamental areas of business. ·        The strategic plan-objectives and tactics. ·        Have a detailed marketing plan before you buy a business. ·        Be patient and keep the big vision. ·        Streamlining systems. Take notes and enjoy the show! Connect with Justin Goodbread: Website: financiallysimple.com Website: Heritageinvestor.com Facebook: Justin Goodbread Instagram: @justingoodbread Youtube: Financially Simple Linked In: Justin Goodbread Twitter: @justingoodbread   Connect with Ricardo Matos: Website:  https://srsfranchise.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Marguerita M. Cheng, CFP®, RICP® Chief Executive Officer Blue Ocean Global Wealth Marguerita M. Cheng is the Chief Executive Officer at Blue Ocean Global Wealth. Prior to co-founding Blue Ocean Global Wealth, she was a Financial Advisor at Ameriprise Financial and an Analyst and Editor at Towa Securities in Tokyo, Japan. Marguerita is a past spokesperson for the AARP Financial Freedom Campaign and a regular columnist for Investopedia & Kiplinger. She is a CFP® professional, a Chartered Retirement Planning CounselorSM, a Retirement Income Certified Professional® and a Certified Divorce Financial Analyst. As a Certified Financial Planner Board of Standards (CFP Board) Ambassador, Marguerita helps educate the public, policy makers, and media about the benefits of competent, ethical financial planning. She serves as a Women's Initiative (WIN) Advocate and subject matter expert for CFP Board, contributing to the development of examination questions for the CFP® Certification Examination. Marguerita also volunteers for CFP Board Disciplinary and Ethics Commission (DEC) hearings. She served on the Financial Planning Association (FPA) National Board of Directors from 2013 – 2015 and is a past president of the Financial Planning Association of the National Capital Area (FPA NCA). Rita is a recipient of the Ameriprise Financial Presidential Award for Quality of Advice and the prestigious Japanese Monbukagakusho Scholarship. In 2017, she was named the #3 Most Influential Financial Advisor in the Investopedia Top 100, a Woman to Watch by InvestmentNews, and a Top 100 Minority Business Enterprise (MBE®) by the Capital Region Minority Supplier Development Council (CRMSDC). Marguerita's mantra is “So many people spend their health to gain wealth, and then have to spend their wealth to regain their health” (A.J. Reb Materi). mcheng@blueoceanglobalwealth.com blueoceanglobalwealth.com · Corporate Headquarters: 9841 Washingtonian Blvd., #200 Gaithersburg, MD 20878 301.502.5306 --- Send in a voice message: https://podcasters.spotify.com/pod/show/kwallerspeaks/message

In today's episode of Passion for Real Estate Investments, Founder of Partners For Prosperity, LLC, Kim Butler, talks about alternative investments. From growing up on a dairy farm, to becoming an industry leader in atypical financial planning, Kim's passion has driven her to innovate and place herself at the top of the game.  Kim grew up on a dairy farm, where she learned her discipline, work ethic, and saving habits. She got herself through college by selling milk from the cow her father bought her in the 4th grade. After graduating college, Kim started her career in banking. In 1999, she left the firm she worked at and started Partners for Prosperity, which is dedicated to the Prosperity Economics Principles. She is also the co-founder of the Prosperity Economics Movement, and has been an Investopedia Top 100 Advisor since 2017.  She is the host of The Prosperity Podcast with support from Spencer Shaw, and has appeared on popular shows such as Let's Get Down to Business Podcast with Kiyosaki, and the Real Estate Guys radio show. Kim and her husband, Todd Langford, host an annual summit for industry professionals. She has authored eight books, including Amazon Bestsellers Live Your Life Insurance, and Busting the Life Insurance Lies, and the popular Busting the Retirement Lies.  How do you create ‘wealth without wall street'? Kim tells us about whole-life insurance, we learn about senior life settlements, the meaning of C.L.U.E., investing in precious metals, and we hear her views on diversifying investments.  If you want to learn about life insurance, diversifying your investments, and how to create wealth without Wall Street, this episode is for you. Highlights from the interview “It's critical that people have emergency funds.” L.U.E: Control. Liquidity. Use. Equity. “Life insurance is very age-based. If you're 20 or 30 years old, you can absolutely start with $100/$500/$1000 a month. You don't have to have a lump to get started.” “The product is called whole-life insurance because you're going to use it your whole life. Nothing that you use that long is going to happen overnight.” You're not borrowing from your cash value; you're borrowing against your cash value. You're borrowing from the life insurance company. Bridge loans and life settlements don't cause self-directed IRAs to have tricky tax issues. “If you have the wealth to speculate, go for it.” “Let's define investments as something that, ideally, is not going to lose principal, and can earn us a decent rate of return after taxes and inflation.” “Cash, income, and growth. Those are the only three things that I look at.” “I'm not a fan of typical diversification. However, I'm also not a fan of somebody going all in on one thing.” “Go slow. Start small.”

In today's episode of Passion for Real Estate Investments, Founder of Partners For Prosperity, LLC, Kim Butler, talks about alternative investments. From growing up on a dairy farm, to becoming an industry leader in atypical financial planning, Kim's passion has driven her to innovate and place herself at the top of the game. Kim grew up on a dairy farm, where she learned her discipline, work ethic, and saving habits. She got herself through college by selling milk from the cow her father bought her in the 4th grade. After graduating college, Kim started her career in banking. In 1999, she left the firm she worked at and started Partners for Prosperity, which is dedicated to the Prosperity Economics Principles. She is also the co-founder of the Prosperity Economics Movement, and has been an Investopedia Top 100 Advisor since 2017. She is the host of The Prosperity Podcast with support from Spencer Shaw, and has appeared on popular shows such as Let's Get Down to Business Podcast with Kiyosaki, and the Real Estate Guys radio show. Kim and her husband, Todd Langford, host an annual summit for industry professionals. She has authored eight books, including Amazon Bestsellers Live Your Life Insurance, and Busting the Life Insurance Lies, and the popular Busting the Retirement Lies. How do you create ‘wealth without wall street'? Kim tells us about whole-life insurance, we learn about senior life settlements, the meaning of C.L.U.E., investing in precious metals, and we hear her views on diversifying investments. If you want to learn about life insurance, diversifying your investments, and how to create wealth without Wall Street, this episode is for you. Highlights from the interview * “It's critical that people have emergency funds.” * C.L.U.E: Control. Liquidity. Use. Equity. * “Life insurance is very age-based. If you're 20 or 30 years old, you can absolutely start with $100/$500/$1000 a month. You don't have to have a lump to get started.” * “The product is called whole-life insurance because you're going to use it your whole life. Nothing that you use that long is going to happen overnight.” * You're not borrowing from your cash value; you're borrowing against your cash value. You're borrowing from the life insurance company. * Bridge loans and life settlements don't cause self-directed IRAs to have tricky tax issues. * “If you have the wealth to speculate, go for it.” * “Let's define investments as something that, ideally, is not going to lose principal, and can earn us a decent rate of return after taxes and inflation.” * “Cash, income, and growth. Those are the only three things that I look at.” * “I'm not a fan of typical diversification. However, I'm also not a fan of somebody going all in on one thing.” * “Go slow. Start small.”

In episode 167 of Financially Simple, Justin looks at the type of Mortgage a Business Owner should have. When taking out a mortgage, it's worth considering your options as a Business Owner - weighing the prospective interest rates, payment options, and alternatives. Justin looks at all the options, including some that you may never have considered. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TRANSCRIPT/BLOG: BLOG: What Type of Mortgage Should a Business Owner Have on a House? _________________ TIME INDEX: 01:06 - What Type of Mortgage Should a Business Owner Have? 01:43 - Some Simple Education 02:32 - The House Doesn't Care if You Have a Mortgage or Not 04:29 - If the House Appreciates in Value, You are Going to Build Equity 05:38 - The Interest Rate on a Mortgage is Usually Some of the Cheapest Money You have Access to 08:44 - Mortgage Payments Get Easier Over Time 11:09 - Large Mortgages Let You Invest More Money Faster 12:31 - Example #1 15:25 - Example #2 18:12 - A Large Mortgage Can Create the Opportunity to Build More Wealth 20:49 - Having a Mortgage Will Give You More Flexibility and More Liquidity 22:58 - You May Qualify for a Tax Deduction 23:13 - Summary _________________ RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 166 of Financially Simple, Justin considers how much  Small Business Owners should spend on buying a house. Everyone wants to live comfortably, and some want to live luxuriously - but at what cost? Justin looks at the thinking and motivation of millionaires who live comparatively frugally, in order to maintain a secure lifestyle and healthy financial situation. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TRANSCRIPT/BLOG: BLOG: How Much Should Business Owners Pay for a Home?   TIME INDEX: 00:47 - How Much Should a Business Owner Pay for a House? 01:10 - How Millionaires Think 03:13 - A House is Not an Asset 06:16 - Some Facts and Figures 07:51 - Be Wary of Taking on a Huge Mortgage 10:13 - Millionaires Don't Live Lavishly 15:37 - Wrap Up   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 165 of Financially Simple, Justin shares a personal case study of his own on buying a new car for less. Buying a new car is often the second greatest expense for most people, so is it possible to save money on this cost? Justin compares methods of paying for a new car and comes up with his own tactic to save big. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ____________ TRANSCRIPT & ADDITIONAL RESOURCES:BLOG: What's the Cheapest Way to Buy a New Car? ____________ TIME INDEX: 01:10 - What is The Cheapest Way to Buy a New Car? 04:38 - Buying New 06:16 - Are 0% APR Auto Loans Really Interest-Free? 07:17 - What's the Catch? 08:50 - 0% APR Loans vs. Rebates 10:45 - The Catch 12:16 - How to Calculate Whether a 0% APR or a Rebate is the Best Deal 15:47 - Summary ___________________ USEFUL LINKS: Financially Simple podcast: https://financiallysimple.com/podcast/ Financially Simple on Facebook: https://www.facebook.com/financiallysimple/ Financially Simple on Twitter: https://twitter.com/financiallysim Financially Simple: The Ultimate Sale ___________________   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 164 of Financially Simple, Justin compares Leasing and Buying a car as a Small Business Owner. If you're planning on getting a new vehicle some time soon, you might be wondering whether it's better to buy or lease. Justin considers the pros and cons of buying vs leasing a car when it comes to your Business and Taxes. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TRANSCRIPT/BLOG: BLOG: Is It Better to Buy or Lease a Vehicle?   TIME INDEX: 01:01 - Should a Business Owner Lease or Buy a Car? Weighing the Pros and Cons 01:11 - Three Points to Consider 02:54 - Pros of Leasing a Car 06:42 - The Cons 09:03 - Pros of Buying a Car 12:27 - The Cons 13:03 - Purchased vs. Leased - Taxes 17:12 - Summary   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! ______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 163 of Financially Simple, Justin goes over the two methods of claiming tax breaks on your vehicles. Should you depreciate the value of your vehicle, or take a mileage deduction? Which is best? Justin looks at both options and explains how each is applied, as well as the pros and cons of each, and a few exceptions to the rule. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TRANSCRIPT/BLOG: BLOG: Standard Mileage vs. Actual Expenses - Which is Better?   TIME INDEX: 00:58 - Should a Business Owner Depreciate Their Car or Take a Mileage Deduction? 01:21 - Standard Mileage Rate vs. Actual Expense Method 03:04 - Standard Mileage Rate 04:12 - 5 Things That You Can't Do 05:01 - Actual Expense Method 06:03 - Can You Switch Between These Methods? 06:49 - Which is Best For You 08:15 - Guidelines to Choose The Method For Writing Off Business Expenses 11:35 - One Caveat 11:58 - Sign Off   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! 2022 Federal IRS Mileage Rates _____________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.  

In episode 162 of Financially Simple, Justin lists 49 deductions to reduce your tax bill. There are a number of ways to reduce the amount of tax payable as a Small Business Owner; some conventional, others… not so much. Justin goes over the obvious and not-so-obvious deductibles of a business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  COMPLETE TRANSCRIPTION: BLOG: 49 Surprising Tax Deductions for Small Business Owners TIME INDEX: 01:47 - Tax Deductions for Small Business Owners 03:24 - What is a Deduction? 04:56 - Qualified Business Income Deduction 05:43 - Bonus Depreciation 07:24 - Vehicle Expenses 08:24 - Home Office 08:50 - Home Renovations & Insurance 09:14 - Professional Services 09:23 - Employee Deductibles 11:13 - Opportunity Tax Credit 11:39 - Client & Employee Entertainment 12:42 - Dues & Memberships 13:06 - Legal Fees 13:16 - Office Building Deductibles 14:02 - Moving Expenses 14:18 - Home Landscaping 14:47 - Start-Up Expenses 14:52 - Travel Expenses 15:01 - Taxes! 15:14 - Machinery & Equipment Rental 15:24 - Interest on Loans 15:26 - Research & Experimental Costs 15:34 - Inventory for Services-Based Businesses 16:31 - Bad Debts 16:42 - Bank Charges 16:52 - Disaster & Theft Losses 17:05 - Carryovers from Previous Years 17:27 - Tools 17:54 - Unpaid Goods 18:07 - Continuing Education 18:19 - Advertising & Marketing 18:21 - Charitable Contributions 18:38 - Intangibles 18:45 - Some Examples of Unusual Deductibles 21:14 - Wrap Up USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! ______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 161 of Financially Simple, Justin looks at ways to reduce or even avoid paying Capital Gains Tax. Capital Gains Tax is an Income Tax that is applied to any money you make from the sale of an Asset. Justin looks at several methods of minimizing or even eliminating the amount you could be liable for. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TRANSCRIPT/BLOG: BLOG: Minimize Capital Gains Taxes to Get a 0% Rate   TIME INDEX: 01:06 - How to Pay 0 Taxes on Capital Gains Tax 01:21 - What is a Capital Gain? 01:44 - Short-Term Gains & Long-Term Gain 03:05 - The Magic Number 04:50 - Hold On 06:13 - Exclude Home Sales 07:45 - Rebalance With Dividends 09:19 - Use Tax-Advantaged Accounts 10:04 - Tax Loss Harvesting 11:59 - Carry Losses Over 14:30 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! Selling Home CGT Taxes on Your Retirement Ep. 59: Taxes - Creative Planning & Reduction Ideas, with Chris Mahan ________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 160 of Financially Simple, Justin gives 19 ways to reduce a Business Owner's taxable income. As a Small Business Owner, cutting costs and saving money is of immense benefit - especially when it comes to paying taxes. Justin lists possible 19 ways to reduce your taxable income. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  Transcription: BLOG: 20 Ways to Reduce Taxable Income: A Business Owner's Guide TIME INDEX: 01:25 - How to Lower a Business Owner's Taxable Income 02:36 - Contribute as Much as You Can to Your Retirement Accounts 04:39 - Tax Loss Harvesting 07:02 - Purchase or Keep Your Health Insurance 08:09 - Have an HSA Account 09:34 - Track Your Medical Expenses 11:26 - 529 Plans 13:05 - Flexible Savings Account 14:28 - Bunching 16:40 - Deduct Everything That You Can 18:02 - Invest in Yourself 19:06 - Give to Charity 20:15 - Buy Your House 21:28 - Move to a Different State 22:47 - Check Your Property Taxes 23:44 - Make Your House More Energy Efficient 24:34 - Make a Baby! 25:07 - Talk to a Tax Professional 25:46 - Defer Some Income 26:09 - Buy a Fuel Efficient Car 26:46 - Wrap Up ________________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! _______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 159 of Financially Simple, Justin looks at several ways to withdraw money from your retirement funds before you're 59.5 years old. If you're needing to dip into your retirement funds before your actual retirement, or even before the 59.5 years old limit, you could incur a 10% penalty on the amount you withdraw. But, there are ways to get around paying that 10%. Justin goes over 10 ways that you can get the money you need from your retirement accounts without paying penalties. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TRANSCRIPTION:  BLOG: Can You Avoid the 10% Early Retirement Penalty? 10 Possible Ways   TIME INDEX: 01:07 - How Do I Take Income From My Retirement Accounts if I retire Before Age 59.5 Without Paying The 10% Penalty? 04:06 - The 59.5 Rule 04:48 - IRA Withdrawal for Medical Expenses 06:31 - IRA Withdrawal to Pay for Health Insurance 07:50 - IRA Withdrawal for a 1st Time Home Purchase 08:35 - If You Are Disabled 09:06 - The 72 T Calculation 10:58 - Leave The Money in The 401K 11:38 - 401K Loan 12:32 - An Inherited IRA 13:27 - ROTH IRAs 15:58 - Wrap Up ________________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Financially Simple: The Ultimate Sale - Get the Book Here! When You Shouldn't Roll Your 401K into an IRA How to Manage an Inherited IRA ________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 158 of Financially Simple, Justin takes a look at when you should start claiming on your Social Security. As retirement approaches, you might feel like claiming on your Social Security early or even take early retirement; or you might decide to keep working at your business and make the most of your Social Security once you do reach retirement age. Justin goes over some considerations you should have before deciding one way or the other. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG: Minimizing Negative Tax Implications When Selling a Business   TIME INDEX: 01:08 - When Should a Business Owner Start Social Security? 02:23 - The Three Ages of Social Security 02:33 - Full Retirement Age 03:48 - Early vs. Delayed Benefit 06:09 - Taxation of Early Benefit 08:09 - Claiming on Your Spouse's Early 10:03 - The Key Thing to Consider 12:09 - What is the Latest You Can Take it? 13:01 - Why is it Such a Big Deal? 14:23 - A Case Study for the Analytically-Minded 18:24 - So When Should You Start Collecting Social Security? 19:29 - When Should you Take Social Security at 70? 20:41 - Wrap Up _______________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Determining Your Eligibility and Estimated Benefits Income Taxes and Your Social Security Benefit Best Age for Social Security Retirement Benefits Should You Take Social Security at 62? _______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 157 of Financially Simple, Justin looks at the possible gains and pitfalls that can be had when a spouse receives a bonus from their employer. Receiving a money bonus for your work is great! But, what if it's your significant other that receives it? How will that extra income affect your business and personal finances? Justin goes over this particular scenario and gives advice on how to best handle it. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  RELATED ARTICLE: BLOG: Tax Issues (and Solutions) When Your Spouse Receives a Bonus   TIME INDEX: 01:48 - A Business Owner's Employed Spouse Receives a Bonus: How Should We Deal With It? 03:29 - Possible Problems 04:31 - What You Could Do 04:58 - Consult Your T-Chart 05:17 - Reduce Your Own Income to Increase Your Business's Profits 07:00 - Tax Considerations 07:42 - 6 Considerations 08:23 - Solidify Your Emergency Fund 09:34 - Defer the Bonus into Your Spouse's Retirement Account 11:15 - Pay Off Unsecured Debt 12:08 - Make an Extra Payment on the Mortgage 14:37 - Spend the Money and Create a Memory 16:09 - Wrap Up ________________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter __________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 156 of Financially Simple, Justin talks to Jonathan Peyton of Horizon Ridge Wealth Management about creating financial security for a Special Needs child. Making sure that your children and loved ones are taken care of is a priority, especially in the case of children with special needs. Justin and Jonathan discuss the various ways that you as a business owner can ensure their financial wellbeing. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG: Hiring Your Special Needs Child - A Unique Employee with Unique Benefits   TIME INDEX: 01:56 - Should I Pay My Special Needs Child From My Business? 06:39 - How Could Paying Your Special Needs Child Help or Harm Them in The Future? 16:12 - Why Does it Matter For The Child? 19:37 - What Are The Potential Pros and Cons of Giving The Child an income? 23:58 - What is The Threshold for Maximised Benefit - 3 Things to Consider 31:05 - In Summary 34:39 - Wrap Up ________________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter Horizon Ridge Wealth Management Jonathan Peyton Special Needs Financial Planning ________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 155 of Financially Simple, Justin takes a look at Pensions. RELATED BLOG: BLOG: Income for Life Retirement Series #10 Manage Pension Fund Payments If you've been working for any length of time for a large company or government department, chances are you'll have a pension fund that's been put aside ready for retirement. But when it comes to receiving that money, what should you do with it? Justin goes over some of the options of receiving a Pension payout, and lists some Do's and Don'ts. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TIME INDEX: 01:14 - I Have an Old Pension, What Should I Do With It? 01:47 - What is a Pension? 02:50 - Who Offers Them? 03:21 - How Do They Work? 03:50 - Single-Life Option 04:13 - Joint & Survivor Option 05:03 - Period Certain Option 05:55 - Lump Sum Payment 07:14 - Fixed Annuity: Pros and Cons 10:02 - Lump Sum: Pros and Cons 12:06 - Do's and Don'ts 14:54 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter United Income Study _______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 154 of Financially Simple, Justin looks at the various types of Inheritances and how best to handle each. Receiving an Inheritance from a loved one can be a blessing, or a curse if not dealt with properly. Justin goes over the basics of the types of inheritance one might receive, and gives his own five-point method of how to go about using it. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! RELATED ARTICLES: BLOG: Why Personal Cash Flow Matters to the Business Owner __________________ TIME INDEX: 00:56 - What Should I Do With an Inheritance? 01:32 - Some Trends With Regard to Inheritances 04:56 - Justin's 5 Point Method 07:27 - A Case Study 08:25 - The Inheritance Mind Map 09:06 - Types of Inheritance 11:39 - Mind Mapping Decisions Based on Your Personal Situation 13:04 - IRA 14:18 - 401k 15:06 - ROTH 16:17 - HSA 16:56 - Life Insurance 18:00 - Real Estate 20:20 - Businesses 21:52 - Non-Qualified Investments 23:10 - Vehicles 23:57 - Wrap Up _________________ USEFUL LINKS: United Income Study Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter _________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 153 of Financially Simple, Justin looks at a few ways to earn a little side income to your business. RELATED READING: BLOG: How to Make Extra Income on the Side While You Grow Your Business At times cash flow can be tight, and you might be needing that extra bit of money to see you through a rough patch. Justin considers four ways that you could generate some quick income to see you and your family through tough business times. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TIME INDEX: 00:51 - How To Help Your Family Make Quick Income 03:31 - Use Your Current Assets 05:37 - Manufacture a Product 07:58 - Use Your Skills in Your Spare Time 09:36 - Create a Resale Environment 11:05 - Summary   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter _______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 152 of Financially Simple, Justin considers how often small business owners should go over their budget. Life happens, and when it does it can require you to reprioritize certain things - and inevitably, that is going to mean checking your finances. Justin looks at why and when you as a small business owner should evaluate your budget. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  BLOG/TRANSCRIPTION: BLOG: Is It Time to Revisit Your Budget? 12 Events That Make it A Requirement TIME INDEX: 01:11 - How Often Should I Evaluate My Budget? 02:03 - 12 Times You Should Consider It 02:13 - When You Get a Raise 02:55 - When You Take a Pay Cut 03:15 - Loss of a Job 03:50 - If Your Emergency Fund Drops 04:22 - Having a Baby 04:53 - If You Get Married or Move In Together 05:25 - If You Get Divorced or Move Out 05:50 - When You Buy a Property 05:58 - If You Relocate 06:46 - Once You've Paid Off Your Debt 07:18 - After a Major Tragedy 08:04 - When You Receive an Inheritance 08:32 - Summary   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter ________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 151 of Financially Simple, Justin goes over the process of renting your Home for your Business. Can you legally rent your own home, or other property, to your business and get a tax break in the process? Justin looks at what the IRS tax code says, and explains how to do it correctly. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG: IRC 280A(g) - How You Could Use Your Home to Create Tax-Free Income ______________ TIME INDEX: 01:42 - Can I Really Rent My House to My Business? 02:42 - It's Bristol, Baby! 03:52 - Business Rental 06:42 - The Business Nexus 08:05 - A Few Misunderstandings 08:07 - Deductions for Renting 09:35 - Deductions for Entertainment Facilities 10:15 - Can't deduct Rental for a Related-Party 10:41 - Can't Deduct Personal, Family, or Living Expenses 11:16 - Prove it's an Ordinary and Necessary Business Expense 12:17 - The Substance Over Form Doctrine 12:57 - How to Do This Properly 14:52 - Wrap Up _______________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter IRS Private Letter Ruling US Tax Code 280A Renting to an S Corp. Case Study: Filming Commercials at Home Home Business Meetings CPA On Fire: Rent Your Home to Your Business _______________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 150 of Financially Simple, Justin looks at how and why you might employ your children in the family business. If you're paying your kids pocket money for doing a few household chores, maybe consider hiring them and paying them a salary instead! Justin takes a look at the IRS tax code and explains how you can employ your children giving them and your business significant benefits. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG: Ideas for Hiring Your Children in Your Business - Tax Advantages TIME INDEX: 00:53 - Should I Pay My Children From The Business? 01:28 - Why You Might Want To Hire Your Children 03:12 - The Strategy 04:22 - What The Internal Revenue Code Says 08:17 - Keeping It All Legitimate 10:42 - Is It Worth It? 14:02 - The Corporation “Problem”, and its Simple Solution 14:52 - The Payroll Tax Workaround For Your Children 16:44 - The Bottom Line 17:29 - Wrap Up _________________ USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter IRS - Family Help Refresh Your Wealth Podcast _________________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 149 of Financially Simple, Justin looks at how to approach putting your spouse on your business's payroll. There can be a number of benefits to having your significant other working for you at your business. Justin goes over some of the reasons and legal ways to improve both your benefits, deductibles and taxes. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG: Hiring A Spouse as An Employee - A Smart Option with Many Benefits ________ TIME INDEX: 01:02 - Should I Put My Spouse on the Business Payroll? 03:00 - To Maximise Your 401k 06:49 - Health Insurance Benefits 10:34 - Social Security Benefits 16:20 - Legally deduct Travel Expenses 16:54 - Group Disability Insurance 17:32 - Buying a Third Vehicle 17:54 - Reduce Your Company's Taxable Income 18:03 - Spouse's Education Expenses 18:57 - Wrap Up: The Employee Spouse   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter _______ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 148 of Financially Simple, Justin considers what you can do with your excess income. If you've got your monthly budget covered, and have a little spending money left over, what should you do with that extra cash? Justin provides 6 suggestions on how to best spend any extra money in your budget. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! TIME INDEX: 00:53 - What Can You Do With The Extra Money Each Month In Your Budget? 03:24 - 1 - Pay Off Debt 05:05 - 2 - Stabilize The Monthly Budget 08:21 - 3 - Invest In Assets 10:07 - 4 - Invest In Yourself 11:52 - 5 - Increase Charitable Contributions 13:09 - 6 - Increase Spending 13:36 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter _______ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 147 of Financially Simple, Justin goes over how you can create a budget that you can stick to. Keeping your personal finances in check can be difficult as wants and needs change. Justin sets out a 7-point plan to help you create a budget that you can keep. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TIME INDEX: 01:22 - How Can I Build a Budget That I Can Actually Keep? 03:34 - 1 - Start With Your Goals 08:16 - 2 - Set Your Income 08:31 - 3 - Total Your Current Monthly Expenses 09:16 - 4 - Create a Budget 10:25 - 5 - Revisit Your Goals 11:56 - 6 - Monitor & Review 14:42 - 7 - Adjust to Perfection 16:18 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter _______ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 146 of Financially Simple, Justin looks at how much you should pay yourself. Wants, needs, savings for retirement - all of these are what your paycheck goes towards. Justin breaks these down and recommends allocations to each, based on your personal income, so that you can afford the lifestyle you'd like to have. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT: BLOG: How Much Should I Pay Myself? The Business Owner's Guide   TIME INDEX: 01:10 - How Do I Determine How Much to Pay Myself? 02:03 - Personal Budget 04:37 - What is a Dream Budget? 07:34 - Needs 13:42 - Fine Tuning 15:16 - A Tricky Balancing Act 16:43 - Summary   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter ________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 145 of Financially Simple, Justin considers how often business owners should pay themselves, and how often. No matter if you are just getting started or a seasoned business pro, how you pay yourself and how often must be considered to help maintain healthy Personal and Business Finances. Justin compares guarantees & distributions, W-2 and K-1s, and how to avoid living from paycheck to paycheck. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  BLOG TRANSCRIPTION: BLOG: Determining How to Pay Yourself as a Small Business Owner TIME INDEX: 01:27 - How Should I Pay Myself & How Frequently Should I Pay Myself from the Business? 02:34 - The Basics 04:37 - Other Compensation Methods 04:48 - Guaranteed Payments vs. Distributions 06:08 - Why Does This Matter? 07:07 - W-2 vs. K-1 10:01 - How Often Should You Pay Yourself? 12:22 - How to Move Away from Paycheck to Paycheck Living 15:20 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter ______ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.

In episode 144 of Financially Simple, Justin looks at the relationship between Personal Cashflow and Your Business. Money matters, at home and in business - one affects the other. Justin explains why Personal Cashflow should come before Business, in order to benefit personally and to improve your business. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  BLOG/TRANSCRIPTION:  BLOG: Why Personal Cash Flow Matters to the Business Owner   TIME INDEX: 00:50 - Personal Cashflow 02:05 - What is Cashflow? 02:57 - Family Budget vs. Work Budget 04:36 - Excess Cashflow 07:41 - What to do with the extra Cashflow 08:28 - Why does it matter? 09:47 - Wrap Up   USEFUL LINKS: Financially Simple Financially Simple on YouTube Financially Simple on Facebook Financially Simple on Twitter ________ BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.   Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers.  Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy.  Neither performance nor client experience, however, were considered.  No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.   The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.   This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.