Episode 103: Bookkeeping Strategies and Business with Greg Higdon

Episode 103: Bookkeeping Strategies and Business with Greg Higdon

Work Your Wealth
Episode 103: Bookkeeping Strategies and Business with Greg Higdon
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This week I sat down with bookkeeper, Greg Higdon to discuss the importance of having a bookkeeper and what working with one can do for your business.

Greg Higdon is the Founder of Grow the Books, a bookkeeping company for small businesses. With over 13 years of experience in education, he teaches his clients so they are empowered and armed with a clearer understanding of what their numbers mean for their business decisions. When he isn’t balancing books and helping clients you can find him roasting coffee, drinking coffee, and reading about coffee.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The importance of understanding your profit and loss statement
  • What a bookkeeper can do for you
  • The difference between gross and net income
  • How bookkeeping plays a part in your taxes
  • The tax challenges you’ll face if you don’t keep up with your books
  • Bookkeeping issues Greg tends to see when they come to him for help
  • Some of the terms on your income statement and what they mean for your business
  • The benefits of giving your business income and expenses subcategories
  • How to know how much your business should be spending in marketing, personnel, sales, etc.
  • How often you should be reviewing your profit and loss reports
  • Comparing hiring out versus doing your own books
  • What to look for when hiring a bookkeeper
  • If you want to do your books on your own, do this to make things easier on you

LINKS WE MENTIONED ON THE SHOW

GET SOCIAL WITH GREG AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 95: The Financial Impacts of Tiny Living with Ilana Burk

Episode 95: The Financial Impacts of Tiny Living with Ilana Burk

Work Your Wealth
Episode 95: The Financial Impacts of Tiny Living with Ilana Burk
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This week I sat down business coach, writer, designer and pocaster Ilana Burk to talk about tiny living and how this style of living could affect your finances.

Illana helps people find and create thriving livelihoods centered around their life’s work. She’s host of the Good Business Podcast and owner of Your Life’s Workshop. With an MBA in Sustainable Enterprise and nearly 20 years of experience working with small business owners, Illana takes a fiercely rebellious and wildly ethical approach to making money.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What is tiny living and what it entails
  • The three sub communities of tiny living
  • What it’s like going from 2200 square feet of living down to 160 square feet
  • How to do tiny living with a toddler
  • One of the biggest reasons behind doing tiny living
  • How long Ilana and her family expect to continue doing family living
  • A few of the pros and cons of tiny living
  • Unexpected challenges that come up that you might not think about
  • One of Ilana’s least favorite things about tiny living
  • How a focus on sustainability came into play
  • The importance of knowing your enough, in business, in finances and in life
  • The increased and decreased costs in tiny living
  • The effects tiny living has on your savings goals
  • How rent will still be a cost you need to consider
  • How a mailing address plays into tiny living and how that could affect your taxes
  • Why you must get into the details if you want to have success in tiny living
  • A few key pieces of advice if you are considering tiny living

LINKS WE MENTIONED ON THE SHOW

GET SOCIAL WITH ILANA AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 79: Teaching Your Kids About Money with John Lanza

Episode 79: Teaching Your Kids About Money with John Lanza

Work Your Wealth
Episode 79: Teaching Your Kids About Money with John Lanza
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This week I sat down with author and Chief Mammal, John Lanza to discuss how to teach your kids about money.

John is the Chief Mammal of The Money Mammals and author of the new book for parents, The Art of Allowance: A Short, Practical Guide to Raising Money-Smart, Money-Empowered Kids. A pioneer in youth money-smarts, John created the original Money Mammals DVD and has written three children’s picture books to help kids learn to “Share & Save & Spend Smart.” He is recognized nationally as a youth financial literacy expert and the Money Mammals have been featured in The New York Times, The Wall Street Journal and The LA Times.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How John became an expert in youth financial literacy
  • Some of the building blocks to teaching kids about money
  • The three core money smart skills for kids to learn
  • The importance of establishing a financial literacy foundation
  • Teaching your children the Three Jar method
  • The real purpose behind an allowance
  • Why chores and allowance shouldn’t always be linked
  • A recommended amount to give for allowance
  • The best age to start with an allowance for your child
  • How to approach the share jar with your child and at what age
  • Some common mistakes parents make when teaching kids about money
  • When to let your kids “borrow” money from you
  • The right circumstances to give your kids a loan
  • How to talk to your kids about investments (even if you’re not an investment guru)

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH JOHN AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 55: The Missing Facts from Traditional Money Advice with Jen Hemphill

Episode 55: The Missing Facts from Traditional Money Advice with Jen Hemphill

Work Your Wealth
Episode 55: The Missing Facts from Traditional Money Advice with Jen Hemphill
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WHAT IMPACTS MY MONEY MINDSET?

This week I sat down with Author and Motivational Money Coach, Jen Hemphill.

Jen Hemphill helps busy determined women who are content with their income but not their bank account. She helps them transform their finances from being overwhelming to bringing them financial confidence, control and freedom. She is a Motivational Money Coach, an AFC® (Accredited Financial Counselor), author, and host of the Her Money Matters Podcast.

HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:

  • What kind of impact your upbringing can have on how you manage your money
  • How hearing things like “we can’t afford this” or “we don’t have the money” can impact your money mindset
  • What to do when you feel like you’re making the right money moves but aren’t seeing the results
  • How much your past and future money mindset can impact your financial goals
  • Three steps to take to better understand your money mindset
  • The importance of a budget and how to make it work for you
  • A simple trick to ensure your cash flow plan isn’t derailed by things like insurance premiums, preschool tuition, etc.
  • Actions you can take to become more confident around money.
  • Why you should have a dream budget and what it can do for your goals.
  • How to overcome a negative mindset you might be in around your money.
  • Insight into Jen’s book and what she sees missing from traditional money advice.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH JEN AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?