Starting a Business Series: Accounting Software

As a CPA, I am all for having great accounting records, financial statements, and accounting software.  That being said, I believe far too many business owners rush into buying accounting software they just don't need.  Even to this date I do not use accounting software for our multiple businesses.  There are certainly certain businesses that …

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Starting a Business Series: Choosing an Entity Type

When you start a business you must decide what type of entity you will be at first. You have many options and they can be overwhelming. I am going to make it very simple for you. Most business owners start with the question of whether they should be an LLC, or not. There is a …

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Starting a Business Series: Financial Risk

Starting a business can be exciting and fun but it can also be very intimidating and scary. Mostly, this comes down to the financial risk involved. When you start a new business you are usually starting from ground zero financially. You may not see income for weeks or months to come. This can lead to …

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Passive Income and Return on Time Investment

What is your time worth?  When it comes to investing your time to produce passive income you will find that if you set things up correctly the financial rewards can be exponential.  That is, if you invest your time correctly as you build things that will produce truly passive income later.  As you explore passive …

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Focus on Your Balance Sheet

Visit the full post to hear the Podcast! You will more often hear people talk about how much money they make (aka, their income) than you will hear those same people talk about their net worth.  These are very different things.  You should focus on your personal net worth versus how much money you bring …

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Financial Stage 4: Overflowing

Are you in Financial 4: Overflowing? You are in Financial Stage 4, Overflowing, once you have paid off all of your debts, you are on track to reach all of your investing goals, you are increasing your net worth regularly, and you are giving generously.  This is the stage where you really make a huge …

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Financial Stage 2: Stabilizing

Are you in Financial Stage 2: Stabilizing? You are at Financial Stage 2, Stabilizing, once you have calculated your personal net worth, developed your financial plan and budget, and you are working on a positive money mindset.  You will remain in this stage until you have achieved a few more financial milestones.  Financial stability is …

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Video: Restoring A Healthy Perspective on Money

Check out our video!  Money touches every aspect of life. If you get it wrong, the results can be devastating. Today the types of conversations I've been having with other people about their finances is revealing a great need. A need to restore in people a healthy perspective on money. Wherever you are in your …

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