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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 24, 2019

In episode 167 of Financially Simple, Justin looks at the type of Mortgage a Business Owner should have.

When taking out a Mortgage, it’s worth considering your options as a Business Owner - weighing up the prospective interest rates, payment options, and alternatives. Justin looks at all the options, including some that you may never have considered.

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TRANSCRIPT/BLOG: https://financiallysimple.com/type-of-mortgage-business-owner-house/

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TIME INDEX:

01:06 - What Type of Mortgage Should a Business Owner Have?

01:43 - Some Simple Education

02:32 - The House Doesn’t Care if You have a Mortgage or Not

04:29 - If the House Appreciates in Value, You are Going to Build Equity

05:38 - The Interest Rate on a Mortgage is Usually Some of the Cheapest Money You have Access to

08:44 - Mortgage Payments Get Easier Over Time

11:09 - Large Mortgages Let You Invest More Money Faster

12:31 - Example #1

15:25 - Example #2

18:12 - A Large Mortgage Can Create the Opportunity to Build More Wealth

20:49 - Having a Mortgage Will Give You More Flexibility and More Liquidity

22:58 - You May Qualify for a Tax Deduction

23:13 - Summary

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RESOURCES:

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

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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.