Feb 27, 2020
In episode 231 of Financially Simple, Justin answers a question on handling finances when planning to save and starting a business at the same time.
If you’re debt-free and have a modest lifestyle, and are planning on starting a business as well as to start saving for retirement - what is the best way to utilize the excess income to best achieve those goals? Justin breaks down the question, addresses each part, and gives his advice on taking on good debt when starting a business.
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01:22 - Ask Justin: How Should I Prioritize Excess Income When Starting a business, and Can I Grow My Savings at the Same Time?
03:46 - A Different Perspective
05:20 - Prioritizing Goals
07:14 - Maximizing Finances
14:06 - Starting a Business
17:10 - Savings Growth
19:27 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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