The Business Is Asset Rabbit Hole

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Most business owners abdicate. They don't delegate, and that will sink your business if you abdicate instead of delegate. There's an art to being able to get that right. It's incredibly difficult. And there's a risk, with any small business, there's always a risk that it might collapse. Investing some of that money into that business,. you kno, re investing back into the business that he runs could be an excellent use of that money. But it's much more volatile, and the returns are harder to predict and harder to quantify.

#362: David is questioning how to better manage his spending. He’d like a stronger framework to think through budgeting challenges.

Elisa and her husband bought a home, and now they’re saving extra income every month. She has a pension and her husband is an entrepreneur. How much should they be saving for retirement and how should they invest their extra money?

Geoff invested primarily in taxable brokerage accounts for the last twenty years. He’s built a $6 million portfolio and reached financial independence. He wonders about the smartest strategy for withdrawing from those taxable brokerage accounts to efficiently manage capital gains?

Jenna and her husband are planning on buying their next home in a few years. She wants to know if I-bonds are a good way to save for the down payment and closing costs.

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

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