Wealth by Design
142 episodes - English - Latest episode: over 3 years ago - ★★★★★ - 33 ratings*Formally known at Worth It Podcast*
Welcome to Wealth by Design, a financial planning podcast for successful, modern-day biz owners + creative entrepreneurs. Here, you'll get the tools you need to dream, design, and do what it takes to live life on your terms.
Danielle & Dustin, a brother & sister CFP®️ duo, are devoted to educating modern-day entrepreneurs about life, biz, and financial planning so they can create a blueprint to real wealth. Together, they cover topics about the unique challenges and opportunities presented by self-employment and entrepreneurship. Each episode is designed to show you how to feel secure, wealthy, and in control of your money + biz.
Ready to get started? Tune in. You can also take the first step in designing a life on your terms with our FREE guide, Wealth by Design: Your Blueprint to Real Wealth + Security: toujoursplanning.com/blueprint.
Dustin R. Granger, CEO & CFP ®️
Danielle Granger Nava, VP & CFP ®️
For a list of states in which the LPL Financial Registered Representatives associated with this site are registered to do business, please visit www.toujoursplanning.com. Securities offered through LPL Financial. Member FINRA/SIPC (www.finra.org | www.sipc.org). Investment advice offered through GWM Advisors, a registered investment advisor. GWM Advisors and Toujours Planning are separate entities from LPL Financial.
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Episodes
MINISODE: Podcast Wrap-Up (for 2020)
October 12, 2020 17:13 - 4 minutes - 5.96 MBUpdate from Danielle about the podcast and Hurricane Laura LINK TO DONATE: https://www.foundationswla.org/ CONNECT WITH DANIELLE AND DUSTIN Ask Your Questions On Facebook On Twitter See you in 2021!
MINISODE: Hurricane Hiatus - An Update on the Wealth by Design Podcast
October 12, 2020 17:13 - 4 minutes - 5.96 MBHello, loyal listeners! We wanted to let you know that we have a quick update on the podcast and a few things that are happening over at Toujours Planning right now. As you may know, we are a Lake Charles-based business and family, and our community, homes, and offices were devastated by Hurricane Laura in August. While we work to rebuild our community and also weather other storms that have come through the area, we are taking a break from the Wealth by Design podcast. We do not know ho...
116: The Global Effects of the Stock Market
September 29, 2020 11:15 - 28 minutes - 38.9 MBWe often think “the stock market” is synonymous with Wall Street. Stressed out stockbrokers yelling and wearing blazers. New York City. Right? Not necessarily. There are other stock markets all around the world, and they all have different degrees of influence on everything else. That’s how a global economy works. And that’s what Dustin and Joseph discuss in this new episode. WHAT YOU’LL LEARN [02:07] We’re in a global economy [06:15] What we think of when we hear “stock market” [...
MINISODE: Do You Need a Financial Advisor or a Certified Financial Planner™?
September 22, 2020 10:30 - 5 minutes - 7.18 MBWhen you decide to get your financial ducks in a row, you probably start to look for help with a good old Google search. But when you look up “financial advisor,” “financial planner,” “planning for retirement” or any variation of your financial needs… you might get confused. Quickly. Why? Because there are so many titles for financial professionals out there. Do you need a financial planner? A financial advisor? An investment professional? A money coach? And what are those initials after t...
115: How You Spend and Invest Your Money Matters
September 15, 2020 10:30 - 30 minutes - 42.3 MBWhen you think about buying something — a plain ol’ shirt, for example — what’s your thought process? How do you decide what shirt to buy? Maybe you think, “I don’t want to spend over $20 on this shirt.” Or, “I need it fast, so I need to buy it online from a store that offers free two-day shipping.” How often are you thinking, “I need a shirt that’s sustainably and responsibly made from a locally owned clothing boutique”? This is an example of using your money to make an impact. Every ...
MINISODE: Are You Falling into This Stock Market Trap?
September 08, 2020 11:30 - 5 minutes - 7.32 MBSir John Templeton, an American-born British investor, banker, fund manager, and philanthropist, said this on investing: “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.” He was named “the greatest global stock picker of the century” by Money in the 1990s, so we’re inclined to listen to his advice. In this new minisode, Dustin breaks down each part of Sir Templeton’s quote. He also discusses timing the stock market, why it’s a bad idea, ...
114: Your Money & the Federal Reserve Currency System
September 01, 2020 10:00 - 29 minutes - 41.1 MBWe often think of “money” as a stack of bills with a bunch of dead presidents on them, right? That’s money as a concept. But when was the last time you carried cash on you? If you don’t see it or touch it, does it actually exist? Yes. And no. Maybe? Dustin and Joseph do a deep dive into the concept of money in our latest episode. They also cover how financial systems evolved from thousands of years ago into what it is now to support a global economy. Tune in to learn about the power of ...
MINISODE: Should You Have a Joint Account with Your Partner?
August 25, 2020 11:37 - 4 minutes - 6.54 MBWe’ll keep the intrigue to a minimum. In our opinion, the answer to this question is a resounding yes. Whether you’ve just gotten married (congrats!) or you’re in a committed, long-term relationship, it may be a good idea to have a joint account with your partner. Sharing your finances with your partner builds trust. Keeping them separate can breed suspicion and worry; plus, separate accounts keep your partner out of the loop on your day-to-day spending and savings habits. Why do partne...
113: Should There Be a Wealth Tax?
August 18, 2020 10:00 - 35 minutes - 48.6 MBThe coronavirus pandemic, as well as recent protests against racial injustice, have highlighted a few underlying problems in our society that have been unknown by many and ignored by most. One of them is the income equality in America: the staggering wealth that a very small percentage of the population owns. As you’ve probably heard, about 1% of the population owns 44% of the wealth in the world. It’s staggering. That’s why the idea of a wealth tax has been kicked around lately, especiall...
MINISODE: When Stock Markets Dip and Bounce Back
August 11, 2020 11:00 - 4 minutes - 4.52 MBIn March of 2020, we saw the stock market tumble 30% in one month. In the following few months, we’ve gained most of that back. What is happening?? In this minisode (seriously, it’s less than three minutes!), Dustin recaps what a stock actually is — in case you’ve forgotten amidst all the panicked COVID-19 stock market talk — and how stocks are bought and sold. He discusses how people’s emotions cause those peaks and valleys in the stock market, and how you can avoid that dangerous herd me...
112: Growing a Business & Wealth with Katell and Jon of Reverielane
August 04, 2020 11:30 - 36 minutes - 33 MBKatell and Jon, a husband and wife design team, are founders of Reverielane, a purpose-driven brand and web design firm. Katell’s experiences living in The Ivory Coast in Africa and France have honed her keen eye for design. Paired with her entrepreneurial drive, as well as Jon’s technical skills and creative spirit, led to the growth of Reverielane. We were so excited to talk to Katell and Jon about Reverielane, their thoughts on investing and building wealth, and their long-term goals f...
[Summer Remix] 102: Net Worth is King
August 03, 2020 16:27 - 26 minutes - 24 MBWe talk about fear a lot on our podcast. Fear is natural and, TBH, necessary. But when it comes to finances, three types of fear tends to hold us back: from investing, from charging clients what we’re worth, or from taking chances when building a business. Fear can also make you focus on the wrong thing when it comes to your net worth. Paying down debt rather than building up your assets, to be specific. And that’s what we discuss in this week’s episode: where our fear of the “debt boogeym...
[Summer Remix] 101: Robo-advisors: Your New Best Friend or Your Worst Enemy?
July 21, 2020 10:30 - 50 minutes - 46.6 MBThe robots have taken over. Just kidding. In reality, robots haven’t taken over — but they have taken over a major chunk of the financial industry in the form of robo-advisors. A lot of people assume that we’re going to bash on robo-advisors (“The robots are taking your jobs!”) or that we will tell them a human advisor is the only way to go. But the truth is, we think robo-advisors are actually pretty useful. Of course, there’s a time and a place to use them, which is exactly what we cove...
[Summer Remix] 100: High Yield Savings vs. Stocks: Who Wins?
July 14, 2020 10:30 - 36 minutes - 33.1 MBLet’s address the elephant in the room first: what does the phrase “stock market” mean to you? Fear! Panic! Crash! We get it. But we’re here to tell you… the stock market ain’t that bad! There are a lot of misconceptions about investing in the stock market, thanks to fear-mongering in the news, horror stories from family and friends, and a lack of education about the stock market in general. Your fears are valid, but they can also hold you back from growing your wealth. Your fears ma...
[Summer Remix] 98: Leaving Behind the “Punch Clock” Mindset
July 07, 2020 11:00 - 21 minutes - 19.9 MBNo one uses an actual punch clock at their job anymore, right? However, the concept of a punch clock — punching in to start a shift and punching out when it ends — is ingrained in many of us, even as business owners who write our own checks and make our own schedules. But it doesn’t have to stay that way! On this episode of Wealth By Design, we talk about how you can start changing your mindset and your life right now. WHAT YOU’LL LEARN Why the punch clock is the enemy The irony of mak...
111: What’s Most Important to You?
June 30, 2020 11:30 - 19 minutes - 17.4 MBHow has your life changed in 2020? We’re not talking about how you’re learning how to bake bread, choosing Zoom backgrounds for your virtual meetings, or watching way too much Netflix. We’re talking about how the intangible stuff has changed. Your values. Your priorities. Your life goals. Maybe you’re realizing that you want to make more time to spend with family. You might find that you want to pursue hobbies that make you happy. Or maybe you’ve realized you need to make lifestyle change...
110: Why Everyone Needs an Estate Plan
June 23, 2020 11:00 - 21 minutes - 19.4 MBAnswer us this: which person needs estate planning the most? A) Someone with two kids B) Someone with a small business of their own C) Someone who has property and possessions to pass on D) All of the above If you answered D, ding ding ding! You win. Say the term “estate planning” and people assume it’s only meant for people with kids, or that it’s used to pass on wealth and possessions. But it’s much more than that, and we know that everyone benefits from an estate plan. We talk abou...
MINISODE: The Problem With Saving Just for Emergencies & Retirement
June 16, 2020 11:00 - 4 minutes - 3.68 MBHow many times have you heard “Save for an emergency!” and “Save for retirement!” We’re not saying those aren’t super important things to save for… but what about the rest of your life? Things like buying a house some day, or having kids. Taking that 6-month sabbatical. Buying out your business partner. Starting another business. You don’t just have the cash sitting around for that, do you?? Probably not, which is why you need a savings goal for them, too. We know you might want to save ...
109: The Problem with Baby Steps
June 11, 2020 10:30 - 31 minutes - 29.1 MBWhere do you get your financial advice? (Aside from us and the Wealth by Design podcast, of course. 😉) Your friends? Parents? Coworkers? YouTubers? “Money gurus?” Some of the most popular money gurus out there (we won’t name names) have a process called “baby steps,” designed to get you started with your financial education. But we have a little bit of a problem with those baby steps. OK a lot of problems. We break down every step in this method, talk about the pros and cons of each, an...
MINISODE: The Real Reason You Lose (and Gain) Money in the Stock Market
May 26, 2020 10:30 - 4 minutes - 4.02 MBWelcome to another minisode! This week, Danielle shares some quick tips and stories about the stock market, the 2007-2009 financial crisis, and the best kind of investment strategy you can use, pandemic or no pandemic. Look, we get it. It’s terrible when someone loses everything in a recession or stock market downturn. And you’re probably thinking about this stuff more frequently right now thanks to the coronavirus. However, you’ve gotta remember the other side to those horror stories: the...
108: Why It’s Important to Know Your Numbers
May 19, 2020 10:00 - 20 minutes - 18.8 MBDo you know your numbers? We’re not talking about your numbers like how much you have in your checking account, or age and weight (which we shouldn’t be asking about anyway!). By “numbers,” we mean the three numbers that can help you ride out this COVID-19 crisis… or any big unexpected life change that comes your way. We’re talking about: How much money you really need to make Your emergency fund number Your BULB threshold In our latest Wealth by Design episode, we talk about calcu...
MINISODE: Tactical Advice for Businesses Affected by COVID-19
May 12, 2020 10:30 - 7 minutes - 6.58 MBAs of right now, things are looking pretty bad thanks to COVID-19. And as Dustin says in our latest minisode, things will probably get much worse. We’re not trying to scare you — we don’t need any more sources spreading fear, right? But we say this so you can prepare yourself for what’s going to happen. Preparing yourself is especially important if you’re a business owner. The reality is, many businesses will fail. If yours doesn’t, the landscape is still gonna look very different after...
107: The Key to Consistency in Investing
May 05, 2020 11:00 - 13 minutes - 12.6 MBDollar-cost averaging. It’s probably the most boring financial term ever. (We’re working on coming up with a new term. Anyone have any ideas? Anyone?) Snooze-inducing as it sounds, dollar-cost averaging is a super important technique that everyone should be using to invest. Why? Read on. WHAT YOU’LL LEARN [01:55] What dollar-cost averaging means [03:30] Why timing the market doesn’t work [04:24] The key to investing: don’t think about it [05:20] Some musings on stock market fear [08...
MINISODE: COVID-19 & Your Retirement Accounts
April 28, 2020 10:30 - 4 minutes - 4.06 MBThanks to the continuing COVID-19 crisis, you’re probably hearing “the D-word” thrown around a lot. Yes, that big, scary D-word. “Depression.” News outlets and public figures are warning us that we’re heading for a depression that rivals the Great one. Other news outlets and public figures are assuring us that it’s not all bad; you won’t get another opportunity in your lifetime to invest like you will now. So, who’s right? What should you do with your retirement accounts? Who do you l...
MINISODE: What You Need to Know About the Current Stimulus Packages
April 21, 2020 10:30 - 17 minutes - 16.1 MBAnother day in quarantine, another minisode in our COVID-19 Crisis Series. This time, we’re talking about stimulus packages. You may have heard the terms “monetary policy” and “fiscal policy” thrown around a lot on the news in regard to the upcoming stimulus package, but what do those terms even mean? Sometimes they’re even used interchangeably. But there are big differences between the two, and we explain those differences (and how it affects YOU) in this minisode. For one thing, monet...
MINISODE: The Importance of Liquidity in a Crisis
April 14, 2020 11:00 - 12 minutes - 11.3 MBAs part of our COVID-19 Crisis Series, we’re covering what you need to know about market uncertainty and your money during these unprecedented times. In our newest minisode, we talk about the most important thing you need to keep in mind during this crisis: liquidity. Liquid assets are assets that you can easily sell or buy without affecting the asset’s price. The value of illiquid assets, like real estate, can fluctuate or decrease. During a crisis, you need liquid assets to protect your...
MINISODE: Is This Market Crash Short-term or Long-term?
April 07, 2020 11:00 - 6 minutes - 6.2 MBOur minisode series on the COVID-19 pandemic continues to roll out, and in our latest episode, we tackle a question many of y’all probably have on your minds: is this a short-term or a long-term thing? We’re in a bear market, the possibility of a recession is looming on the horizon...so how long is this gonna last? We can’t tell you exactly how long things will last, of course. We aren’t wizards (yet). But we can share some helpful advice to help you get through it. In this minisode, we t...
MINISODE: The Stock Market, Coronavirus, & Three Things Business Owners Can Do Now
March 31, 2020 11:00 - 10 minutes - 20.3 MBAs we’re now officially shoulder-deep into quarantines from COVID-19 and continue to experience uncertainty in our daily lives, as well as the stock market—we’ll be providing periodic updates on what’s happening, how to interpret it, plus any actions you can be taking right now as a result of any developments. As of late March 2020, we’re officially in a bear market, which is sparking a lot of questions and stoking the recession fires. We know that what’s happening in the stock market righ...
MINISODE: 3 Ways To Help Prepare Your Business For A Potential 2020 Recession
March 24, 2020 11:00 - 9 minutes - 8.6 MBAs coronavirus continues to create uncertainty in our daily lives that’s being reflected in the stock market, we’re starting to hear more and more talk about an oncoming recession. And while we’ve not yet been declared to officially be in a recession (as of the time of this recording)—we are overdue. Fortunately for entrepreneurs, our job description is to help people by solving problems. And while a recession brings problems to light, it also brings opportunities for entrepreneurs to solve ...
MINISODE: The #1 Question People Have About Coronavirus & the Stock Market
March 17, 2020 10:30 - 5 minutes - 5.04 MBMarch 2020 is one for the books. The coronavirus has reached pandemic level, many cities and states are issuing quarantines and shutdowns, and the stock market… well. The stock market is a reflection of just how crazy our lives are right now. We know that this can be an incredibly scary time, and you may have questions about your investments. Danielle is answering them in this short video, which we hope helps calm some of your fears and answers some of your questions. WHAT YOU’LL LEARN ...
106: How Your Obsession With Taxes Affects Investing
March 10, 2020 11:00 - 21 minutes - 19.8 MBOur society is obsessed with not paying taxes. Just take a look at some of these famous quotes about taxes (that the IRS themselves put together!): "The power of taxing people and their property is essential to the very existence of government.'' James Madison, U.S. President “Few of us ever test our powers of deduction, except when filling out an income tax form.” Laurence J. Peter, author “I am proud to be paying taxes in the United States. The only thing is – I could be just as proud...
MINISODE: What is a Work-Optional Lifestyle?
March 03, 2020 12:30 - 3 minutes - 3 MBWe’ve got something new for you! Every couple of weeks, we’ll be mixing up the style of our podcast: 1 week will be long-form and the following week will be a minisode. These are super short-and-sweet tips to help you get your financial house in order, get the DL on what’s going on in the economic world, and generally empower you to live life on your terms! With that said, let’s dive into this week’s episode: What is a Work-Optional Lifestyle & How Can You Get There? The most exciting pa...
105: Penny Stocks: Buy In or Beware?
February 25, 2020 11:30 - 18 minutes - 17.4 MBHave you ever heard about penny stocks? Are you wondering what they are and if you should be getting in on that action? We’re covering everything about penny stocks in this episode of Wealth by Design, so buckle up. Warning: we do not shy away from our opinions about penny stocks in this episode! WHAT YOU’LL LEARN [01:20] What is a penny stock? [03:01] How Dustin was introduced to penny stocks [06:10] The reality of Dustin’s dot com story [08:19] Common misconceptions with penny ...
104: How the Laws of Human Nature Relate to Investing
February 18, 2020 11:30 - 26 minutes - 24.6 MBWhat do children’s fables, dog memes, human nature, and investing have to do with each other? Well, you just might have to listen to the full episode to understand. In a nutshell, though, Episode 104 is all about human nature and how it can work against us when it comes to investing. Fear of the unknown and fear of failure can hold us back. And greed can lead us down some bad paths and entice us to make poor decisions that we’ll pay for later. WHAT YOU’LL LEARN [00:50] The enemy of inves...
103: How to Prioritize Saving for Now, the Future, and In-Between
February 11, 2020 11:30 - 28 minutes - 26.1 MBWhat’s the most important part of your financial strategy? Creating an emergency fund? Saving and investing? Understanding what money goals you need to set for your priorities? Trick question, it’s kind of all three. In this week’s episode, we’re revisiting an old friend who you may have heard a lot about on this show: the bucket strategy. That’s right, folks. But this time, we’re paying special attention to the middle child of the strategy, the intermediate-term bucket. We talk about w...
102: Net Worth is King
February 04, 2020 11:30 - 25 minutes - 23.6 MBWe talk about fear a lot on our podcast. Fear is natural and, TBH, necessary. But when it comes to finances, three types of fear tends to hold us back: from investing, from charging clients what we’re worth, or from taking chances when building a business. Fear can also make you focus on the wrong thing when it comes to your net worth. Paying down debt rather than building up your assets, to be specific. And that’s what we discuss in this week’s episode: where our fear of the “debt boogey...
101: Robo-advisors: Your New Best Friend or Your Worst Enemy?
January 28, 2020 14:09 - 24 minutes - 22.5 MBThe robots have taken over. Just kidding. In reality, robots haven’t taken over — but they have taken over a major chunk of the financial industry in the form of robo-advisors. A lot of people assume that we’re going to bash on robo-advisors (“The robots are taking your jobs!”) or that we will tell them a human advisor is the only way to go. But the truth is, we think robo-advisors are actually pretty useful. Of course, there’s a time and a place to use them, which is exactly what we cove...
100: High Yield Savings vs. Stocks: Who Wins?
January 21, 2020 12:41 - 36 minutes - 33.2 MBLet’s address the elephant in the room first: what does the phrase “stock market” mean to you? Fear! Panic! Crash! We get it. But we’re here to tell you… the stock market ain’t that bad! There are a lot of misconceptions about investing in the stock market, thanks to fear-mongering in the news, horror stories from family and friends, and a lack of education about the stock market in general. Your fears are valid, but they can also hold you back from growing your wealth. Your fears ma...
99: Adjusting Your Focus with Taylor Jacobson
January 14, 2020 11:45 - 33 minutes - 30.5 MBWhen you work a traditional 9-to-5, working from home (for yourself) can feel like a real treat. You sit in a comfortable chair of your choosing, you can blast music as loud as you want, and pants are optional. But anyone who works remotely full-time or runs their biz from their home office knows: it’s not all sunshine and rainbows. Much of the time, you’re fighting distractions that are pulling you away from your work. Thankfully, Focusmate can help you… well, focus. We talked about produ...
98: Leaving Behind the “Punch Clock” Mindset
January 07, 2020 12:45 - 22 minutes - 20.5 MBNo one uses an actual punch clock at their job anymore, right? However, the concept of a punch clock — punching in to start a shift and punching out when it ends — is ingrained in many of us, even as business owners who write our own checks and make our own schedules. But it doesn’t have to stay that way! On this episode of Wealth By Design, we talk about how you can start changing your mindset and your life right now. WHAT YOU’LL LEARN [01:29] Why the punch clock is the enemy [01:56] ...
97: What You Need to Know So You Can Prepare for 2020
December 10, 2019 11:37 - 27 minutes - 25.6 MBWith 2020 just around the corner, now is (hopefully) the time when you’re laying the groundwork for what you’re doing in the New Year. From mapping out your big business goals to figuring out where you want to travel in 2020, it’s an exciting time where you get to think about all the possibilities. Of course, we believe that the best way to plan for the future is by assessing the whole picture — even the not-so-fun stuff. That is why we’re sharing a few things you should be aware of in 20...
96: Charitable Giving & Making an Impact All Year-Round
December 03, 2019 11:32 - 22 minutes - 20.5 MBThe Giving Season is upon us. Between Giving Tuesday, the Salvation Army Santas standing outside your favorite shops, and the influx of donation requests you’re getting in the mail, you’ve probably got giving on the brain. On this episode of Worth It, we’ll be talking about donations — including how you can make more impact with something called a “charitable giving policy.” WHAT YOU’LL LEARN [00:52] Why many people don’t think about planning their charitable giving [01:42] The role of t...
95: Hustle, Prioritize, and Charge Your Worth with Alisha Robertson
November 26, 2019 12:25 - 33 minutes - 30.8 MBFor biz owners and entrepreneurs, you know it’s about more than just building a business for the money. You want to live the life you want, and use the skills and superpowers that are unique to you. And you want to make a difference, right? Well, today’s guest understands that, and works with female entrepreneurs to make sure they’re living over existing. Alisha Robertson is the creator of “Living Over Existing,” a podcast, a membership community, and a book all about reshaping what entrep...
94: Do You Really Need Insurance?
November 19, 2019 11:00 - 19 minutes - 17.6 MBWe know that the title of this episode might not strike up the butterflies in your stomach or get you excited about life. But really, we’re talking about insurance because it. is. critical. We think that insurance is the most overlooked, undervalued, and denied aspect of your financial health. And yeah, it’s crazy boring. But you know what? It could save your 🍑 WHAT YOU’LL LEARN [00:51] Why insurance is critical [01:11] The situations that insurance make “manageable” [02:39] The downsi...
93: Is Your Business Recession-Proof?
November 12, 2019 11:00 - 27 minutes - 25.4 MBThere are so many business owners and entrepreneurs who are #killingit out there today. But the majority of them started business after the 2008 financial crisis. In fact, some of them started their business after college, when normal jobs just weren’t available and they had to adapt. As a result, they have no idea what it’s like to own a business during a recession. They may have started at the onset of the recovery, but they’re not truly prepared for the effects of a recession. That’s wh...
92: Can You Have Security with Variable Income?
November 05, 2019 11:00 - 20 minutes - 19 MBIf you don’t work a “traditional” job, one with an office and a salary, you’ve likely dealt with the challenges of variable income. Sometimes, entrepreneurs can barely pay themselves as they try to scale a new venture, while small biz owners are at the whim of seasons, customers, or contracts. Basically, you might not know what’s going into your bank account during a given month. And while that’s part of the thrill of the hustle, it can also be the downside of self-employment. We all want ...
91: What’s a CPA and When Should You Hire One? with Amy Northard, CPA
October 29, 2019 10:00 - 34 minutes - 31.3 MBAmy Northard, CPA, has a passion for helping small business owners manage their finances and accounting so they can focus on growing their business. She also loves teaching accounting basics to online entrepreneurs who are just starting out. We were lucky enough to have her on this episode of Worth It, where we talk all about her CPA firm, what a CPA does, and when a creative biz owner (like yourself) might need to bring a CPA onboard. WHAT YOU’LL LEARN [01:48] Amy’s journey as a CPA [04...
90: Which is Most Important in Your Biz: Revenue or Profit?
October 22, 2019 09:58 - 16 minutes - 15 MBHow often do you hear an entrepreneur or business owner say “I made 7 figures last year”, and you assumed that meant they took home 7 figures? We’re here to break it to you real nice: 7 figures in revenue is not the same thing as 7 figures in profit. You want to aim for the stars when it comes to both your revenue and your profit, but it’s also important to know the difference so you can properly plan and leverage your business’s money for long-term growth and stability. Interested in how ...
89: Why Your Life Vision Shouldn’t Be Tied to Your Business Vision
October 15, 2019 10:00 - 16 minutes - 15.5 MBWhen you’re an entrepreneur, it’s hard to separate work from life. When you’ve built a business (or multiple businesses) from the ground up, it can be even harder. After all, you have big dreams. Maybe you want to scale that biz, hit 7 figures (or 10 figures, you do you!), and work remotely while building your empire. Whatever your vision for your business looks like, odds are that vision also bleeds into your life. It becomes “When I hit 7 figures, I’ll buy myself that Tesla,” or “I want to...
88: Are You a Spender or Saver in Life & Biz?
October 08, 2019 10:00 - 33 minutes - 30.6 MBAs entrepreneurs and business owners, money is a huge part of our everyday lives — from the few bucks we spend on that morning latte to our home expenses and how we use it to invest in new hires for our business. We all have a different experience with money, and most of us have different “money styles” than our loved ones or business partners. Why is that? Well, we think it’s because most people boil down to one “type”: a Spender or a Saver. Now, we know this is a generalization and that w...