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Financially Simple Bizcast


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.

Jan 25, 2021

In episode 330 of Financially Simple, Justin considers whether or not a Business Owner should pay off any debt or invest their second stimulus check.

When receiving a second stimulus check, it might be the case that your business is already in a good place having successfully weathered 2020; however, you can still put that money to good use. In this episode, Justin looks at the benefits of paying off any debt you or your business might have, and once that is done to consider investing the money.

Follow along in our article.

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TIME INDEX:

00:45 - Stimulus: Should a Business Owner Pay Off Debt or Invest

01:33 - It Depends

05:57 - The Decision Tree

09:52 - Other Debts

13:47 - Taxes

16:10 - Investing

17:22 - Summary

 

RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

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.