Articles
Skyrocket Your Income
The topic of income and making more money seems to be at the top of everyone’s agenda. When I consult with practice owners, making enough money is the #1 priority for most of them and as well it should be. After all, the amount of income you create is going to allow...
Show Me The Money!
I think everyone knows that famous scene from the movie Jerry Maguire. It is a great example of the sheer desperation people can experience when it comes to the subject of making income. Have you ever felt like that? You are an expert in your field, have the latest...
How to Turn 49 Cents into $2.86 Million
Remember the McDonald’s hot coffee fiasco? A lady bought a cup of coffee, spilled it on her lap and sued. McDonalds was found liable and damages were assessed in the millions. It doesn’t take much to consider that McDonalds has “deep pockets.” Have you considered that...
Protect Your Assets From the Enemy
Asset protection is an often overlooked, yet vital part of obtaining the Optimum Financial Condition. It also has many different meanings and applications. Most of us tend to think of asset protection in the scope of what happens if there is some kind of a lawsuit...
An IRS Agent Walks Into a Bar…
Ee all know jokes about the IRS and getting taxed seemingly to death. But I doubt any of us laugh when we pay those tax bills. Is writing that check painful? Did you have to go to old hiding places to get the money or were you prepared? The reality is we all have to...
Don’t Let the Tax-Tail Wag the Dog
I have a confession. Taxes are not my favorite subject. The tax code is a complex labyrinth of opinions and verbiage which would take a lifetime of research to try and clarify. Unfortunately, in working with over 200 practice owners I can say that a vast majority of...
Eliminating Debt: 4 Action Steps
After meeting with over 200 families, it’s been my experience that one of the primary concerns most private practice owners articulate as being THE barrier to their financial freedom is having too much debt. During the delivery of a financial plan, one of my most...
Will That Be Cash or Charge?
In our current society it is common practice to use credit to pay for our daily life activities. Whether this is in the form of a credit card, a line of credit or a loan, it all falls into the same category: DEBT! Using credit to pay for things can sure make life...
Where’s the Beef?
Remember that ad from Wendy’s? It made us laugh, but it also made us question the quality of the burgers we were consuming at the time. Wendy’s focused on the quality of their product and challenged the burger industry to step up or lose consumer confidence....
Preserve Your Reserves
I do like simple things. There is no truer test of a genius then someone who can take something that is seemingly very complex and reduce it down to a simplicity. One of the reasons I admire private practice health care professionals is their ability to take a complex...
What makes you so special?
You are special because, unlike the average person, you are a private practice owner. Owning your own practice makes you special when it comes to financial planning because your practice is a key contributor to you household finances. Therefore your practice must...
If the analytics are boring, then you’ve got the wrong numbers
I was never much of numbers person, which may sound like a contradiction coming from a Financial Planner. I happen to have the viewpoint that the attainment of REAL financial freedom is achieved primarily by your consistent good habits, attitudes, and actions while...