Fire Nation Insurance - I L a T E Insurance

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

A lot of entrepreneurs have umbrella liability protection. It comes over and above your auto and homeowners insurance to protect you in case you get sued. Punitive damages is another one that I see excluded a lot of times. So those are some of the things that you look for on umbrella liability. If you have special kinds of watercraft, you want to make sure that those are covered.

From the archive: This episode was originally recorded and published in (year). Our interviews on Entrepreneurs On Fire are meant to be evergreen, and we do our best to confirm that all offers and URL's in these archive episodes are still relevant.

Jim Dew is the CEO of Dew Wealth Management. He has 24 years of experience building high-functioning wealth management teams and virtual family offices for entrepreneurs.

Top 3 Value Bombs:

1. Have the right structure. It may seem overwhelming depending on where you are as an entrepreneur, but you can put that out as a goal you can start working toward

2. Go DEAPR on your tax planning. D is for defer; E is for eliminate; A is for arbitrage; P is for pay now, not later; R is for reduce.

3. The tax code is very complicated, and there are many opportunities to do things legally to dramatically reduce taxes.

Find out where you fit on the Wealth Mastery Matrix! - Wealth Mastery Matrix

Sponsors:

HubSpot: Learn how HubSpot can help your business grow better at HubSpot.com.

Podopolo: The best podcast listening app in the world is here! Visit Podopolo.com, download the app for free, mention JLD or EOFire when you sign up, and start listening now!