As a business owner, owning your own building can provide significant upside. Not only can it lower your monthly costs and be tax-efficient, but it can also eventually serve as a source of low-cost funding for future growth. It can also increase the value of…
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Should I Contribute To My Roth Or Traditional IRA?
I am often asked whether someone should contribute to their Roth or Traditional IRA. We’re going to look at how we go about this process in this week’s Inside Look at Building Toward Wealth. Please note, the information contained here is for 2023. You are…
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5 Things To Think About When Planning To Pay For College
Are you worried about how you’re going to pay for your child’s college education? Don’t worry, you’re not alone. In this week’s Inside Look at Building Towards Wealth, we’ll be discussing five things you need to think about when investing for college. 1. Start Early…
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Should You Set Up A SEP or SIMPLE IRA For Your Small Business?
Are you considering setting up a SEP or SIMPLE IRA for your small business? Wondering what you should do? Let’s take a closer look at options. As a business owner, you may be searching for retirement plan options that benefit both you and your employee,…
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2023-Can I Make A Deductible Traditional IRA Contribution?
If you are wondering whether you are eligible to make a deductible contribution to a Traditional IRA in 2023, the answer depends on several factors, including your income, tax filing status, and whether you or your spouse are covered by a retirement plan at work….
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5 Common Problems Business Owners Have
As a business owner, you have the opportunity to be your own boss, set your own schedule, and create a product or service that you are passionate about. However, owning a business also comes with its fair share of challenges. Here are five common problems…
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5 Ways To Sell Your Business
Many business owners want to eventually cash out some or all the equity in their company. This event is often a lynchpin of their financial plan. The concept of a liquidity event may seem daunting and confusing. It’s important to understand the different types of…
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How Simplicity Can Help You And Your Business
Let’s talk about a concept that has been on my mind a lot lately: the importance of simplicity in business. As entrepreneurs, we often get caught up in the excitement and thrill of building and growing our businesses. We pour our heart and soul…
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Rich Vs. Wealthy
“Rich is about how much you make. Wealthy is about how much you keep, how hard it works for you, and how long it lasts. Rich is a necessity for becoming wealthy, but it’s not sufficient on its own. …
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Systems And Habits
Let’s define what we mean by systems and habits. Simply put, a system is a set of steps or processes that we follow to achieve a specific goal. For example, if you’re trying to save money, you might set up a system for tracking your…
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