Understanding the basics of money principles is always a great place to start making your life… Financially Simple.

February 1, 2021

How Much Disability Insurance Does A Business Owner Need?

Chances are pretty good that you know someone that is living with some type of disability. It might even be you. You see, disabilities are just part of life. That’s why having disability insurance is so important. We never know if or when we could become disabled and find ourselves unable to work. But how much disability insurance do we need? That’s the question I will seek to answer with today’s post.
January 28, 2021

How Much Life Insurance Does a Business Owner Need?

If you have followed me for a little while, then you know that I am a big proponent of insurance. Life comes at us fast and we just never know when disaster may strike. Therefore, it’s just good practice to protect ourselves as much as possible. In today’s post, I want to talk about life insurance. Providing a source of income for your loved ones after you’re gone is one of the most loving things anyone can do. But how much life insurance do we need? It might not be what you think.
January 26, 2021

How Much Should Business Owners Pay for a House?

Many of us want to own our own homes. I mean, isn’t that part of the American dream? The white picket fence, tire swing, two cars, apple pie, and a dog are all a part of the idyllic American lifestyle. Owning your own home is a good goal to have. But how much should business owners pay for a house? This is the question that I seek to answer with today’s post.
January 26, 2021

Stimulus: Should Business Owners Pay Off Debt or Invest?

Recently, the government approved the second round of economic stimulus checks for the American people. With the influx of cash, many business owners are asking how it would be best put to use. In today’s post, we will address how business owners can use the stimulus to their advantage, using principles that can be applied to any sudden windfall. Should business owners use the stimulus to pay off debt or invest?
January 19, 2021

Why Your Lifetime Savings Rate Matters

Do you ever think about how much money you’re putting into savings? What percentage of your lifetime income have you saved? The truth is, most of us don’t consider these things. But saving money for your future is one of the most important things you can do. That’s why I’ve chosen this topic for today’s post. Join me, as I explain why your lifetime savings rate matters!
January 12, 2021

How to Calculate Your Income Savings Rate

One of the most common questions I hear from our clients is, “How am I doing?” As we lean into this question, quite often, the clients begin to compare themselves to their peers. However, I believe that there is a much better example for them to compare themselves to… themselves! To truly know “how you’re doing,” all it takes is a simple calculation. Join me as I explain how to calculate your income savings rate.