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Financially Simple Business Growth


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Jun 20, 2019

In episode 166 of Financially Simple, Justin considers how much as a Small Business Owner you should spend on buying a house.

Everyone wants to live comfortably, and some want to live luxuriously - but at what cost? Justin looks at the thinking and motivation of millionaires who live comparatively frugally, in order to maintain a secure life-style and health financial situation.

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TRANSCRIPT/BLOG: https://financiallysimple.com/how-much-should-business-owner-pay-house/

 

TIME INDEX:

00:47 - How Much Should a Business Owner Pay for a House?

01:10 - How Millionaires Think

03:13 - A House is Not an Asset

06:16 - Some Facts and Figures

07:51 - Be Wary of Taking on a Huge Mortgage

10:13 - Millionaires Don’t Live Lavishly

15:37 - Wrap Up

 

RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

 

BIO:

Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.