To grow a valuable business – one you can sell – you need to set up your company so that it is no longer reliant on you. This can be easier said than done, especially when, such as a PR consultant or plumber, what you are selling is your expertise. Scaling Knowledge To scale up […]
coaching, entrepreneur, growth, scaling, small business
What is financial advice worth? Is working with a financial advisor worth the cost? Let’s discuss the value of financial advice with updated research data from 2019. Previous Research on the Value of Financial Advice Vanguard performed a study several years ago which showed that someone working with a financial advisor benefited by about 3% […]
entrepreneur, Fee-Only Financial Planning, Finance
Taxes for the Self-Employed can be Steep! In addition to regular income tax rates business owners are responsible for an additional “self-employment” tax. Consider that if you are married and earn $200k in 2018, your income puts you in the 24% federal tax bracket. Add self-employment taxes and you’re looking at almost 40% of your […]
Fee-Only Financial Planning, Finance, small business
Why does a diversified portfolio commonly have a mix of different asset class exposure? Great question! Let’s explore that question and also look at 8 key investing indexes, that track popular asset classes, to see how they’ve performed recently. But first… What Is An Asset Class? Investopedia defines an asset class as “a group of […]
Fee-Only Financial Planning, Finance, Investing
We have always maxed out our retirement accounts. That slow-and-steady process allowed me to reach $500k in my early 40s. Combined with my wife’s retirement accounts we recently passed the one million dollar mark. What allowed us to retire early was the amount we had in our taxable investment account. Here’s some background on how […]