Avoiding “RBMs” – 4 Simple Rules
Tell me if you have heard this story: Business owner has 4 good months where cash flow is good, bills are getting paid, creditors are not calling, a little bit of money is accumulating in the checking account and everything at the practice seems to be calm. Then it hits. The RBM—the REALLY BAD MONTH. […]
The Fast Food Financial Advice Epidemic
We have all had this experience. We are busy working. We get hungry. We know we shouldn’t, but we just can’t help ourselves. We drive to the nearest fast food joint and get a burger, fries and soft drink. Ah. We are temporarily satisfied. Yet, in the back of our mind, we know we didn’t […]
I Have a Secret to Tell You
I have a secret to tell you about making more money. First, I want to tell you why we are having this discussion. I did a Google search on ways to make more money and was surprised to find that most of the answers had nothing to do with production or work. The suggestions ranged […]
Changing Your Financial Pace
The long-term survival of a human being, a family, a company, a nation, or a tomato plant for that matter, depends upon its ability to be more right than wrong in the actions it takes. Right actions allow the organism to survive longer, produce more, flourish, and generally have more pleasant experiences. Wrong actions result […]
A Story About Gravity
If you live on planet earth you know about the natural law of gravity. You understand the necessity of it. If you’re like me you’ve probably tested it. I remember the day I jumped off the top of my slide with an umbrella, convinced I could fly like Mary Poppins. I quickly learned that not […]
How to Thrive, Expand & Pay Taxes
As a private practice owner, I have a natural disdain for paying taxes. I see how much my partners and I, and all of our clients pay every year and I dream of all the business expansion and wealth building which could occur if 25-40% of our production was not siphoned off towards the federal […]
How to be Smarter than a Physicist
Albert Einstein is quoted as saying, “The hardest thing in the world to understand is the income tax.” And this guy is a world-renowned physicist! I am thinking he probably hired a good accountant to help him navigate through the process of preparing and filing his taxes since he was a little busy with his […]
Cost of Financial Freedom
Call me old fashioned, but I love the grind. I love it when it starts getting really heavy and hard. I love it when everyone is ready to quit and throw in the towel. I love it when I get 55 reasons why something “can’t be done.” I didn’t always love it, but I sure […]
A Lesson From a Rock Star
Just Press Play I listened to a lot of hair bands growing up in the ‘70s and one thing was for sure – most of them could have cared less about their reputation. I remember reading about wild parties, trashed hotel rooms and out of control concerts. This was the PR (public relations) of a […]
The Anatomy of Financial Ruin
Anatomy: separating or dividing into parts for detailed examination. Ruin: a. a state of complete destruction b. the state of having lost money, social status, etc. – Merriam-Webster As an advisor, I have spoken with hundreds of practice owners and I have seen them go from complete financial ruin to achieving optimum financial success and […]