Sep 17, 2020
In episode 295 of Financially Simple, Justin looks at Normalizing your Personal Income as a Small Business Owner.
Normalizing your personal income by adjusting it based on certain expenses will help you to plan for retirement by giving a reliable benchmark of what your actual income and expenses are. In this episode, Justin goes over the areas that may require attention as a Small Business Owner, and the types of expenses that qualify.
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00:49 - Should I Normalize My Income
01:49 - What is Normalization
02:59 - Which Areas Do You Normalize
05:38 - Normalizing Personal Income
10:38 - Getting to the Point
12:53 - Summary
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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.