We here at Financially Simple have complied our most popular financial articles into one easy to use location. Learn what others like you are using in order to make their life and business… Financially Simple.

Top Financial Articles:

  • the hidden tax danger of the PPP loan
    PPP Loan and the Hidden Tax Danger
    At this point, we’ve all heard about the SBA’s Paycheck Protection Program (PPP) that was rolled out as a part of the Cares Act. There’s even a good chance that you have taken part in this program. While the PPP has many potential benefits to business owners during the COVID-19 crisis, there may be some hidden dangers in it, as well. In today’s blog, I’m going to share some very important information with you. The purpose of sharing this with you is to inform you of some of the hidden danger business owners face with the PPP loan, and hopefully help you to avoid any troubles.
  • Successful Team Management
    Team Management: 5 Points Every Business Owner Needs To Know
    I love people. I enjoy encouraging them and helping them grow. Part of that is because of my personal faith and some of it is just who I am. Since the COVID-19 outbreak, I have grown to realize just how much I can’t wait to be around them once again. As I was reflecting on this, I began to think about today’s topic. As business owners, the people on our teams are our biggest asset. Although I truly believe that, I also understand that managing that team can be quite difficult — albeit rewarding — at times. That’s why I’ve put together five points every business owner should know for successful team management. As our teams come back online after the shutdowns, it is the perfect time to address older issues and start with a clean slate.
  • 10 Keys to Keys to Proactively Reopening Your Business
    10 Keys to Proactively Reopening Your Business after the Shutdowns
    I am an avid fisherman and outdoorsmen. If it involves being in the woods or on the water, I am ready to go. As a fisherman, I learned very early on that different fish, waters, and even locales require different approaches. What works for bass fishing in East Tennessee doesn’t necessarily work when I’m fishing for trout in Montana. Depending on my goal, I need to change and adjust my tactics. The same is true in business. Sometimes, we need to change our approach in order to find success. In today’s business climate, more and more business owners are discovering that what worked before the closures may not work when they reopen their businesses. Recently, we discussed how turnaround management can help small business owners to form a new approach. Today, I’d like to dig a little deeper with 10 keys to getting off on the right foot when reopening […]
  • Marketing In Uncertain Times
    Turnaround Management: 4 Essential Techniques for Restarting Your Business
    The entrepreneurial spirit is one of adaptability, ambition, and determination. We adapt to changing economic and business trends. Our ambitions lead us to create the best possible future for ourselves, our businesses, and our communities. Dogged determination means we will never taste permanent failure, only temporary setbacks. These traits are the very reason that I will bet on the entrepreneur every single time. Likewise, these traits provide the foundation for our path forward. For many business owners, turnaround management is exactly what their organization needs to emerge victorious when the pandemic comes to an end. Follow me as I explain four essential techniques to turnaround management.
  • Key Points of The Senate CARES bill
    The Senate CARES Bill and Small Business – The Key Points
    The COVID-19 pandemic has taken a massive toll on the economy and the way that we conduct business. As many are reeling from the shock of the disease’s immediate impact on small businesses — both owners and their employees — the U.S. Government has put together legislation to attempt to alleviate some of the economic strain. As is the case with most legislation, there is a lot to unpack in the Senate CARES act. I’ve taken the time to comb through some of the language and provisions included in the bill and have identified some of the key points that may impact you, the business owner. Join me as I explain the bill in Financially Simple terms.
  • Is gold a good investment?
    Is Gold a Good Investment for Me?
    We’ve all heard and seen the “buy gold” advertisements on radio and television. Usually, a paid celebrity will talk about how “bad” the markets can be and then pitch a gold product. The question is, how much attention should we give to these ads? Is gold a good investment? They tell us if the stock market crashes, this is one investment that won’t go belly up. However, gold is always compared to stocks, not fixed incomes like bonds.
  • Real Estate Investing indepth
    Real Estate Investing – An In-depth Guide
    Lately, we’ve been taking an expansive look at the world of investing – basic investment strategies, retirement accounts, risk tolerance, etc. In today’s article, we’re going to explore all sides of real estate investing, including when, where, and why to invest. So get comfy, grab a slice of pizza, and join me on this deep dive into real estate as an investment.
  • which are best active or passive mutual funds
    Should I Invest in Active or Passive Mutual Funds or ETFs
    I get asked about today’s topic on a pretty regular basis so I thought now would be a great time to discuss active and passive mutual funds and ETFs. I am including exchange-traded funds because, in recent years, some ETFs have become active. In today’s blog, I am going to explain the difference between active and passive funds as well as some of the pros and cons of investing in these types of funds. Whichever one is right for you, let’s make the choice a financially simple one!
  • How To Minimize Taxes When Selling Real Estate
    How To Minimize Taxes When Selling Real Estate
    Recently, I provided an expansive look at real estate investing. I detailed why you should invest, when to do so, and how to pay for it. With today’s article, I’d like to take that a step further and show you how to maximize your return on investment by explaining how to minimize your taxes when selling real estate investment properties. There are a lot of different ways to reduce your tax bill but by the end of this blog entry, you will be able to sell with confidence, knowing the most effective and legal ways of mitigating your tax burden. So join me as I make selling your real estate investments financially simple!
  • Investing In Your Own Business: Not Always The Best Strategy
    As we continue our deep dive into the world of investments, I’d like to talk about an investment strategy that you may not have considered as a business owner. Because of the fact that I’m a business strategist, you might be surprised to hear me say I recommend NOT investing in your business… at least not solely. Although it may seem counterintuitive, you should be investing in assets that are outside of your business. Join me as I explain why investing in your own business may not always be the best long-term strategy.
  • Dollar Cost Averaging – Pros, Cons, And Using It to Increase Your Alpha
    Nobody wants to be the one person in the room that has no idea what everyone else is talking about. With that said, today we’re going to talk about another term that you might often hear but may not fully understand – dollar cost averaging or DCA. What is it? What are its pros and cons, and how can it help you as a business owner?
  • Investment Basics Part II – Risk Tolerance & Investment Horizon
    In my last article, I outlined the basic asset types that are involved in investing. Just as important as knowing the types of assets that are available for you to invest in, is knowing just how much risk you’re willing, able to take and, ultimately, should take. Of course, you want to keep your portfolio balanced, but there are different investment strategies that can come into play when you know what risks to take for your individual needs. So join me as I continue with part two of investment basics where I will explain risk tolerance and give you the opportunity to take a free risk tolerance assessment!
  • basic asset types
    Investment Basics Part I – Asset Types
    Few things get me fired up like the talking heads of Wall Street talking at me. I have the credentials. I know the world of investments and finance. And yet, these Wall Street “experts” always seem to invent new words and overcomplicate things – and on purpose (my humble opinion). If the process of investing seems way too complex for the average Joe to do it on his own, then brokers get to inflate their fees. It’s not all doom and gloom obviously, but investing just isn’t that difficult. That’s why I want to spend some time taking you through the ins and outs of investing over the next few articles calling it “Investing 101.” This is part one, asset types. Join me as I uncover the mystery of investing for business owners, making it the way it ought to be—financially simple.
  • 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.
  • What's the Cheapest Way to Buy a New Car
    What’s the Cheapest Way to Buy a New Car?
    As a financial planner, I don’t believe in going into debt so I always buy used cars. In fact, I’ve never had a car payment. Last year I needed to purchase a “new-to-me” vehicle. When I started doing my research, though, I found that I would pay (at this time in the economic cycle) essentially the same price (over the life of the vehicle) for a used car as I would a new car. Ultimately, I decided to buy a NEW truck and I am sharing with you the math from my research in my quest to find the cheapest way to buy a new car.