November 17, 2020
Calculating Your Business' ROI

Calculating Your Business’ ROI

Over the past few weeks, I have really had it pressed upon my heart to address some of the key topics that cause business owners the most fear and anxiety. These are the areas that run back and forth through the business owner’s mind as they lie in bed at night. The good news is that most of these fears can be mitigated through knowledge. In today’s post, we are going to continue to discuss the wealth gap. More specifically, I want to dive into calculating your business’ ROI or return on investment and how it pertains to your wealth gap.
November 5, 2020
Wealth Gap

Calculating The Wealth Gap

In the introduction to this series, we discussed some of the biggest fears that business owners face. As we move forward, I’m going to share several calculations with you that can help put your fears into perspective and even create plans to put them behind you. With that said, today’s post is all about the wealth gap. Not sure what that means? Basically, it’s the difference between where you currently sit, financially, and where you need to be to live the lifestyle that you want to live during your retirement.
October 15, 2019
small business retirement plans comparison - a guide to ones available to the business owners

Retirement Plans Comparison – A Comprehensive Assessment

As we begin our investing portion of the Personal Finance for the Business Owner series, I thought that it would be wise to, first, do a small business retirement plans comparison. Being prepared for our retirement is so vitally important, but there’s another reason for digging into this subject matter before we go much deeper into investing. When you are ready to begin investing, you need to know where to purchase those investments. Retirement accounts offer so many benefits and options in helping us to maximize our dollar and minimize our taxation, especially for business owners. With that said, get comfy because this is a lengthy post, but it is an extremely valuable one comparing retirement plans.
October 3, 2019
Common Types of Trusts for Business Owners

Types of Trusts for Business Owners: The Comprehensive List

In my last article, we delved into basic trusts. We defined what they are, and how each type is used. Well, in this follow up article we dive into the weeds, so to speak. This article is an exhaustive list of the most common types of trusts, and will take you from A-Z, as we discuss the thirty-nine — yes, you read that correctly — types. So strap in as I make all these trust types that can be used in your financial planning, financially simple.
July 18, 2019
Auto Insurance 101 for the business owner

Auto Insurance 101 – What You Need to Know

If you drive a car, you must have auto insurance. In fact, it’s illegal not to have car insurance and if you happen to be in an accident, not only will you be fined, but you could be sued. If you’re a business owner, you’re trying to increase your net worth, not decrease it. Thus, you need to have adequate car insurance to protect yourself and your finances. So let’s talk Auto Insurance 101 – what you need to know about insurance for your car, truck, and other vehicles.
July 16, 2019
Captive vs Independent Insurance Agent Save You Money

Captive vs Independent Insurance Agent – Who Saves You More Money?

Insurance is a necessity of life, but it can feel burdensome to business owners. Not only do they have to pay high premiums for good coverage, they have to carry multiple personal and business policies. If you’re like most business owners I know, you feel “insurance poor.” However, if you understand the distinction between a captive vs independent insurance agent, you can actually reduce the cost of your insurance.