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 life-style, and are planning on starting a business as well as start saving for retirement - what is the best way to utilize the excess income to best achieve those goals? Justin breaks down the question, addressing 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 - Maximising Finances
14:06 - Starting a Business
17:10 - Savings Growth
19:27 - Wrap Up
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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.