Minimizing Taxes
Throughout history taxes have been necessary to pay for public services and needs. As the civilization grows, so does government, and this requires more revenue to pay for the expenses of the Treasury. Legislation is passed and new financial commitments are created on a continuous basis, creating a limitless demand on the resources of the […]
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 you to survive […]
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 equipment and the best staff, your […]
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 Private Practice owners are perceived to have “deep pockets” […]
An IRS Agent Walks Into a Bar…
We 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 […]
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 easier—you don’t […]
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. Brilliant. Should financial planning be any different? When you […]
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 necessarily be included in your personal financial plan in order to truly have […]
This Year’s To-Do-List is NOT Next Year’s Marketing Plan
It’s the New Year – A time when most of us reflect personally and professionally on what we did and did not accomplish the year prior, deciding what our new goals will be for the year ahead. We hit it hard in January with a few action steps to right our wrongs and reach for […]
Private Practice Professionals: Pay Yourself First!
Part of my responsibility as a Financial Advisor is to observe and communicate what successful actions you as a private practice professional can do to ensure your financial future is certain and secure. The first step on your journey to obtain Financial Power is to Pay Yourself First! You may ask yourself how to pay […]