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 levied against us. Other very important questions you should […]
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 […]
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 your financial complaints are due to some […]
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 […]
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 case with a patient, apply their […]
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 […]
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 having the persistence to plow through the barriers which challenge you along […]
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 […]