Retirement

Do you have goals like, "I want to build a business I can pass on to my children." "I want a business to provide stability in my retirement years." "I want a business I can sell something and have a big payoff." Those are all retirement plan goals. So, if these are your goals for starting your business, or your reasons for starting your business, go ahead and watch this

I'm sure right now you've heard about the 2018 tax changes. You've heard about the higher standard deduction and heard that most people are not going to itemize. What are some things you can do in 2018 to help you save some taxes over the long run? Today, I am going to talk about multi-year tax time issues. Today we're going to talk about multi-year tax planning. Actually, this is the best

Money has 4 functions: to survive, to invest, to give and to enjoy. Managing wealth means managing these four functions so we can maximize our happiness. When we overcompensate in one function and neglect the other three, we often feel a tension. To really get the most of wealth, your money should be performing all 4 functions. The 4 phases of building your wealth are survival, accumulation, investing, financial sophistication/ freedom. Survival This

How would you like to someday retire from your business? That is someday build a business that affords you the time and money to enjoy the people and things you like to do outside business? I often talk to entrepreneurs and even though this is something they want, they never take the time to plan for it. They somehow hope that someday they will wake up and have a business

The Asset versus the Transactional Model The transactional model earns income from the customer once without no way of repeating the sale. This is detriment to your financial freedom goals. If you are going to use your business as part of your financial freedom or retirement plan, you need a way of building recurring revenue. While the transaction model is a good way to start, it is not a good