Boosting Your Financial IQ

Steve Coughran
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Jan 16, 2024 • 23min

96: Unveiling Effective Tax Strategies for Entrepreneurs with Leland Gross

Welcome to the Boosting Your Financial IQ podcast with host Steve Coughran. In this episode, we have a special guest, Leland Gross, Founder of Peace Link Financial Planning, as we dive into the topic of "Unveiling Effective Tax Strategies for Entrepreneurs." We explore crucial aspects that go beyond tax implications, such as how your entity structure and tax election impact your business in various ways. Leland sheds light on the importance of avoiding commingling funds and establishing robust financial processes to maximize legitimate tax deductions. Additionally, we discuss valuable strategies entrepreneurs can employ to leverage tax-deferred retirement vehicles. Through informative insights we guide our listeners towards effective tax planning that not only minimizes liabilities but also sets them up for long-term success in their business.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Jan 10, 2024 • 14min

Financial and Economic News: January 10, 2024

Major stories developing on the global economic front, including:Financial FrontiersChina’s Economic JittersTech Giants Move to SaudiPower Surge for NorthvoltCEO Greed Reaches Stunning New HeightsChile’s Spicy Rate Cut ExpectationsEuro-Zone Wealth Inequality Gap NarrowsBudget Breakthrough: US Congress Strikes Bipartisan DealBitCoin Surges to 21 Month HighBig Pharma’s Spending SpreeOn this episode of FinWeekly: We’re unpacking the U.S. Consumer Inflation Report and its impact on market sentiment and policy decisions. We also explore economic jitters in China, and how struggling stimulus efforts and geopolitical tensions are affecting the Shanghai Composite Index. Find out what’s behind tech giants' strategic move to Saudi Arabia and the Middle East's paradigm shift. Plus, delve into Northvolt's EU-approved billion-euro plant, and the staggering CEO pay increase at Bet365 Group. Then, we’ll uncover Chile's unexpected economic downturn and the Euro-Zone's evolving wealth inequality. At home in the US, a groundbreaking bipartisan budget deal in the U.S. Congress and the recent surge of Bitcoin have people feeling optimistic. And finally we’ll recap Big Pharma's $6.4 billion spending spree in San Francisco. Join us for a comprehensive analysis of these financial topics and gain insights into their potential impacts on global markets. Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Jan 9, 2024 • 20min

95: Shifting from a Scarcity to Abundance Mindset with Joyce Marter

In a captivating episode of the Boosting Your Financial IQ podcast, host Steve Coughran engages in a thought-provoking conversation with Joyce Marter, the esteemed author behind Financial Mindset Fix. Together, they explore the transformative concept of "Shifting from a Scarcity to Abundance Mindset." By delving into the depths of our limiting beliefs and challenging our preconceived notions about money, Coughran and Marter provide listeners with valuable insights on how to change their relationship with finances. In this illuminating discussion, they guide us towards reframing our mindset and embracing a world of boundless opportunities, where we can overcome scarcity and invite abundance into our lives. Join Steve Coughran and Joyce Marter on this eye-opening journey to unlock your true financial potential and create a life filled with abundance.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Jan 3, 2024 • 13min

Financial and Economic News: January 03, 2024

Major stories developing on the global economic front, including:Reflections on 2023Wall Street’s 2024 OutlookTrade Disruptions in the Red SeaOil’s Surprise DropBuilding With BRICSSwedish Bankruptcies SoarApple Rotting?X Faces FreefallTesla Stalls in Q4DOJ Decision Sparks New SBF ControversyDon’t miss our discussion on top stories in the world of finance: We’re navigating Wall Street's conflicting narratives for 2024, unraveling geopolitical tensions in the Red Sea, and analyzing surprising shifts in oil prices. We’ll also explore the expanding BRICS group, the surge in Swedish bankruptcies, and setbacks faced by major players like Apple, Elon Musk's X, and Tesla. Plus, we discuss the DOJ's controversial decision on FTX founder Sam Bankman-Fried. Stay informed and start the new year right! Read the FinWeekly breakdown now!Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Jan 2, 2024 • 32min

94: Investing in Any Market with Bob Elliott

Welcome to another episode of the Boosting Your Financial IQ podcast with your host, Steve Coughran. In today's insightful discussion, we have a special guest, Bob Elliott, Co-Founder and CEO of Unlimited, here to shed light on the topic of "Investing in Any Market." Bob shares valuable insights on why trying to time the market is not a sound strategy and why day trading rarely yields profitable results. Instead, he emphasizes the importance of portfolio diversification as a key principle for successful investing. Join us as we delve into the world of investing, where Bob shares his wisdom on navigating through periods of inflation, market volatility, and economic downturns. Get ready to enhance your investing knowledge and discover strategies that focus on long-term value creation.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Dec 28, 2023 • 16min

Financial and Economic News: December 28, 2023

Major stories developing on the global economic front, including:Apple’s Appeal Record Demand At Treasury AuctionCaution in Yen Bullish Trend 2024 Market Optimism Gen AI and the Future of FinanceTurkey’s 49% Minimum Wage Hike Impacts From the Fed’s Liquidity Year-End Economic Sentiment IndicatorsDon’t miss our discussion on top stories in the world of finance: From Apple's legal tussles and the Treasury auction frenzy signaling potential rate cuts to cautious insights on the yen's bullish trend and an optimistic outlook for 2024 – we've got you covered. Plus, we'll unpack the transformative influence of generative AI in banking, Turkey's bold move with a 49% minimum wage hike, and the ripples from the Fed's liquidity reduction. And last but not least, we look into the factors influencing the financial landscape. Read the FinWeekly breakdown now!  Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Dec 26, 2023 • 29min

93: The Path to Profitability with Kristian Marquez

Welcome to another compelling episode of the Boosting Your Financial IQ podcast. Today, our esteemed host, Steve Coughran, engages in a thought-provoking conversation with Kristian Marquez, Founder of FinStrat Management, as they explore "The Path to Profitability." In this informative discussion, we delve into strategies that companies can adopt to drive greater profits. Discover the power of creating accurate forecasts for transparency into financial numbers and the significance of establishing key performance indicators to focus on the value drivers of the business. Kristian emphasizes the importance of pursuing strategies that create greater value for customers, enabling companies to adjust their pricing and implement other financial maneuvers. Join us as we navigate the world of profitability, armed with statistics, real-life anecdotes, and a focus on long-term value. Get ready to enhance your financial acumen and take strides towards greater success in the stock market.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Dec 19, 2023 • 43min

92: Empowering Parents to Raise Money Smart Kids with Elizabeth Rosenberg

Welcome to the Boosting Your Financial IQ podcast with host Steve Coughran. In today's episode, we have a special guest, Elizabeth Rosenberg, Founder of Grow My Piggy, as we explore the topic of "Empowering Parents to Raise Money-Smart Kids." We address important questions about when parents should start discussing money with their kids, how to teach financial skills amidst financial challenges, the effectiveness of giving kids allowances, and the conversations that shape children's views on money. Elizabeth provides valuable insights on age-appropriate conversations, guidance for parents facing financial struggles, and the significance of discussing budgeting, saving, investing, and charitable giving. We also emphasize the importance of teaching kids lessons beyond saving, such as understanding hard work and delayed gratification. Join us as we provide practical advice and strategies for helping parents raise money-smart kids.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com
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Dec 13, 2023 • 12min

Financial and Economic News: December 13, 2023

Global economic shifts are anticipated in 2024 as central banks consider adjusting strategies. The Fed eyes potential interest rate cuts, while BOJ maintains a cautious stance. Wall Street predicts a stock boom in 2024. Abu Dhabi attracts billionaires through SPVs. Occidental Petroleum's acquisition reflects a trend of consolidation. A legal battle between Epic Games and Google could reshape the industry. Bond forecasters caution against year-end rally extension. Small businesses express caution amid rising interest rates.
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Dec 12, 2023 • 14min

91: Disconnecting Self Worth from Net Worth with Joyce Marter

In the latest episode of the Boosting Your Financial IQ podcast, host Steve Coughran sits down with Joyce Marter, author of Financial Mindset Fix, to delve into the topic of "Disconnecting Self Worth from Net Worth." In this insightful conversation, they explore how individuals can pursue a more fulfilling financial life without tying their self-worth to their financial success. By challenging the notion that our value is solely determined by our wealth, Joyce Marter provides invaluable insights and strategies for cultivating a healthy and empowering mindset towards money. Tune in to this thought-provoking episode to gain a fresh perspective on achieving financial well-being while embracing your true worth beyond monetary measures.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

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