In this episode of the Main Street Business Podcast, host Mark J Kohler and Mat Sorensen guide small business owners through the journey of building wealth. They delve into the unique characteristics of investing as a business owner and lay out a multi-phase roadmap for financial success.
Here's what you can expect:
- A comprehensive look at the financial challenges and opportunities specific to small business owners.
- Practical advice on managing debt, building cash reserves, and optimizing your business for financial growth.
- In-depth discussion on the role of Roth IRAs, Solo 401Ks, and real estate investments in wealth building.
- Insightful exploration of alternative investments and the strategic use of life insurance in financial planning.
- Guidance on preparing for retirement, including strategies for Roth conversions and managing Social Security benefits.
Whether you're just starting your business or looking to take it to the next level, this episode offers a wealth of knowledge to help you navigate your financial journey. Tune in to gain practical tips and strategies to build wealth, protect your assets, and achieve financial freedom as a small business owner.
