In this episode of the Main Street Business Podcast, Mark J. Kohler and Josh Jalinski discuss the key elements of successful financial planning for business owners. From annual life insurance reviews to emergency funds and disability insurance, they share practical steps to avoid costly mistakes and achieve lasting financial stability.
Here are some of the highlights:
- Mark Kohler welcomes Josh Jalinski, financial advisor, RIA owner, and host of the Financial Quarterback podcast.
- Mark begins by emphasizing the importance of building wealth and the need for a reliable quarterback for business owners.
- Josh discusses the significance of life insurance and the ability to generate income as the best investment.
- Mark Kohler and Josh cover the value of being busy in December and the challenges of managing client expectations during this period.
- Having a reliable tax and financial advisor who is actively planning and not just preparing taxes is worth its weight in gold.
- Financial advisors need to be proactive and not take extended breaks during the busiest time of the year.
- Josh shares real-world stories of clients who built significant wealth by investing a portion of their income and diversifying their assets.
- Annual reviews of life insurance policies are necessary to ensure they are still effective and meet the client's needs.
- The benefits of cash value life insurance and the importance of having a permanent policy.
To Learn more about Josh Jalinski, check out his Jalinski Advisory Group - https://jalinski.com/
