Episode 122: 5 Lessons Learned Over the Past Four Years

Episode 122: 5 Lessons Learned Over the Past Four Years

Work Your Wealth
Episode 122: 5 Lessons Learned Over the Past Four Years
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One of the fun parts of being a financial planner is getting to discuss some of the money moves we’ve made in our household knowing clients and readers are going through similar things. In these Work Your Wealth episodes I’ll be taking time to address how we approached the different money situations and the results of our decisions. Today I’m talking about what has happened since the merger with Abacus Wealth Partners, what Workable Wealth looks like now, how we’ve been getting through the pandemic and changes I’ve made to align my career with my values.

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

  • The timeline of the Work Your Wealth Podcast
  • The reason behind launching the podcast and writing the Work Your Wealth book
  • The 5 lessons I’ve learned in doing the Work Your Wealth podcast
  • The potential rewards that could come with putting yourself out there and taking risks
  • The importance of doing what you love
  • Why you have to recognize when it is time to evolve
  • The one person that will always look out for you most
  • Where you can continue to find the Work Your Wealth content and where you can continue to connect with Mary Beth

LINKS WE MENTIONED ON THE SHOW:

LET’S CONNECT!

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Episode 118: The 5 Big Financial Planning Concerns You’re Forgetting as an Entrepreneur with Ariel Ward

Episode 118: The 5 Big Financial Planning Concerns You’re Forgetting as an Entrepreneur with Ariel Ward

Work Your Wealth
Episode 118: The 5 Big Financial Planning Concerns You're Forgetting as an Entrepreneur with Ariel Ward
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Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association.

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

  • The most common financial planning concern seen with entrepreneurs
  • The retirement plan options available to small business owners
  • Items to be aware of if utilizing a SEP IRA
  • Some of the numbers associated with an individual 401(k)
  • The best plan to start with if you have employees
  •  How much you should be saving into your retirement account
  •  The type of insurance a small business owner/entrepreneur should consider
  • How a disability policy works and why you need it
  • If you’re thinking group policy, here are some options as a small business owner
  • Why you should have life insurance and who you are protecting
  • The type of life insurance policy you should get
  • What a keyman insurance policy will do for your business
  • Reasons you should have a business continuity plan
  • The two big ticket items we see people and business owners drag their feet on
  • Why you should have professional liability insurance
  • The benefits of utilizing a financial planner through all these decisions

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 115: Unique Financial Planning Needs of the LGBTQ+ Community with Brian Thompson

Episode 115: Unique Financial Planning Needs of the LGBTQ+ Community with Brian Thompson

Work Your Wealth
Episode 115: Unique Financial Planning Needs of the LGBTQ+ Community with Brian Thompson
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As both a tax attorney and CERTIFIED FINANCIAL PLANNER™, Brian provides comprehensive financial planning to LGBTQ entrepreneurs who run mission-driven businesses. Entrepreneurs hold a special place in his heart. He spent a decade defending them against the IRS as a tax attorney and has become one himself as an advisor.

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

  • How Brian evolved from a tax attorney into a CFP
  • Navigating unique financial needs for the LGBTQ community
  • The impact of marriage on a couples’ finances
  • Estate planning challenges for domestic partnerships
  • The financial paperwork that should be in place for every couple
  • How to navigate different mindsets around money
  • Financial planning tools for future family members
  • What it means to run a mission-driven business
  • How to mitigate  “shiny object syndrome”
  • Where to begin if you want to create change in the world
  • The best way to measure your passion around an issue
  • How to leverage your unique expertise to make an impact

LINKS WE MENTIONED ON THE SHOW:

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

ENJOY THE SHOW?

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 97: Running a Business as a Couple with Angela Greaser

Episode 97: Running a Business as a Couple with Angela Greaser

Work Your Wealth
Episode 97: Running a Business as a Couple with Angela Greaser
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This week I sat down Angela Greaser to talk what it’s like running a business with your significant other.

Angela is a strategic operations consultant and co-founder of All The Ops. Led by Angela and her husband Dan, All The Ops helps business owners structure efficient teams and systems to skyrocket their profitability and claim their CEO seat.

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

  • How Angela and her husband decided to go into business together
  • Deciding what role each spouse plays in the business
  • The benefits of understanding each spouse’s business strengths and weaknesses
  • The two reasons why Angela and her husband chose to have a business together
  • The goods and bads of having your significant other as your business partner
  • How communication can make or break spouses in business together
  • Why being flexible has to be a part of the framework
  • How to align your life and business goals
  • The importance of being intentional in your business
  • The risks involved with going into business with your significant other
  • Why you should have an exit strategy if the initial plan doesn’t work out
  • Three questions Angela and her husband asked to see if their business together would be sustainable

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 92: Finding Balance as an Entrepreneur with Sarah Peck

Episode 92: Finding Balance as an Entrepreneur with Sarah Peck

Work Your Wealth
Episode 92: Finding Balance as an Entrepreneur with Sarah Peck
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This week I sat down with Sarah Peck to discuss the work life balance, especially as a female in the entrepreneur world.

Sarah is a writer, startup advisor, and yoga teacher based in New York City. She’s the founder and executive director of Startup Pregnant, a media company documenting the stories of women’s leadership across work and family. She hosts the weekly Startup Pregnant podcast, and she and her partner in life and work are the instigators behind More Women’s Voices, a website that promotes women speakers and entrepreneurs. Previously, she worked at Y Combinator backed One Month, Inc, a company that teaches people to code in 30 days, and prior, as a writing and communications consultant.

She’s a 20-time All-American swimmer who successfully swam the Escape from Alcatraz nine separate times, once wearing only a swim cap and goggles to raise $33k for charity: water. To date, she’s written for more than 75 different web publications and and has delivered speeches and workshops at Penn, UVA, Berkeley, Harvard, Year of the X, Craft & Commerce, WDS, and more. One recent viral essay, The Art of Asking, has been used across tech companies and product teams to train teams in clear communications. She’s currently writing a memoir of her experience working in the tech startup world while she was pregnant with her first kid.

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

  • How Sarah got into the startup world and what drives her
  • A big issue women run into when getting ahead in their careers
  • The common thread Sarah sees throughout her audience
  • If it’s possible to balance all that life throws at you
  • The connection between being a mess and a masterpiece
  • The naked truth about how Sarah raised $30K for charity
  • Going from scraping by to feeling financially secure
  • The real questions to ask yourself when evaluating the type of work you are doing
  • Where the idea for Startup Pregnant came from
  • The financial agreement Sarah and her partner made while navigating startups
  • How to enjoy parental leave for beyond the infant stage
  • The importance of being intentional when crafting and building a business
  • A big research mistake people make when starting a business
  • How growing slow can be a really good thing for your business

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 90: How to Expand Your Business with Jessica Rhodes

Episode 90: How to Expand Your Business with Jessica Rhodes

Work Your Wealth
Episode 90: How to Expand Your Business with Jessica Rhodes
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This week I had sat down with Jessica Rhodes to discuss how she launched and scaled her business in the very new industry of podcasting.

Jessica is the founder and equal co-owner of Interview Connections, the first and leading podcast booking agency. She has scaled the business quickly to high multiple six figures, with nearly no direct marketing or ads, and will break through the 7-figure mark in 2019. The Interview Connections team of Booking Agents are the podcast powerhouses behind many of the record breaking book launches you’ve seen today, with clients such as Ali Brown, JJ Virgin, Perry Marshall, other authors you may know, and numerous PR agencies who hire them for their podcasting savvy and booking skills.

Jessica started podcasting in 2014 with the launch of Rock The Podcast and also has co-hosted several other shows including The Podcast Producers and Womensplaining.

She is the acclaimed author of Interview Connections: How to #RockThePodcast From Both Sides of the Mic and has been a featured speaker at Podcast Movement, Podfest Multimedia Expo, and Dream Business Academy. She is married and is the mom of two kids, Nathan and Lucy.

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

  • The “blue ocean” Jessica discovered with podcast booking
  • Business transformations that occurred from launch to today
  • How to set pricing for your business
  • Knowing when it’s okay to continue to increase pricing for your services
  • Why Jessica shifted her business model from contractors to employees
  • How employees worked better for her business model
  • The biggest struggle she faced when getting her business started
  • The financial approach she took when launching her business
  • Balancing business goals and personal goals
  • The background of bringing on Margy Feldhuhn as co-owner
  • Building a business without ads and marketing
  • Using your referral network to grow your business
  • How proactively asking for referrals can positively impact your business
  • Other avenues to market a business through your network
  • How to keep an eye on your business numbers when there is more than one owner

LINKS WE MENTIONED ON THE SHOW:

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

ENJOY THE SHOW?

Episode 89: Defining Success with Katie Krimitsos

Episode 89: Defining Success with Katie Krimitsos

Work Your Wealth
Episode 89: Defining Success with Katie Krimitsos
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This week I sat down with Katie Krimitsos to discuss traits she sees in successful business owners.

Katie Krimitsos is a mom, wife, adventurer, podcaster, business coach, seeker and change maker. She’s committed to brightening the light of women around the world through her Biz Women Rock community, which supports Women Entrepreneurs, and through the Women’s Meditation Network, parent of the Meditation for Women Podcast, which provides guided meditations specifically created with the special journey of women in mind. She’s passionate about giving women the tools, strategies and inspiration to live lives the truly love.

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

  • How Katie got into business coaching
  • A common trait among Katie’s interviewees that seems to drive them forward in their respective businesses
  • How Katie helps business owners strategize to get where they want to be
  • Steps in managing your inner critic when it comes to your business
  • The relationship between success and happiness and where your goals play a part
  • Why you need to understand what YOUR success looks like and how to get there
  • The impact of being willing to make mistakes
  • Action items people commonly complete to meet their goals
  • The meaning of building a successful business from the inside out
  • Why you shouldn’t compare your script with someone else’s script
  • The role financial awareness plays in the success of your business

LINKS WE MENTIONED ON THE SHOW:

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

ENJOY THE SHOW?

Episode 88: Business Transitions as an Entrepreneur: How We Decided to Merge Workable Wealth

Episode 88: Business Transitions as an Entrepreneur: How We Decided to Merge Workable Wealth

Work Your Wealth
Episode 88: Business Transitions as an Entrepreneur: How We Decided to Merge Workable Wealth
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This week I had changed things up a bit and became the interviewee! I invited my husband Brian on to chat about how we decided to sell my business.

Selling my business was no easy decision. There were months of discussions, months of debate and a lot figuring out what we wanted in life. On today’s episode Brian and I chat about what led to selling my business, why we felt it was the right decision for us and some of the many things I am excited about coming up for Abacus Wealth Partners. We also chat about what you the listeners, clients, subscribers, etc. can expect going forward for the Workable Wealth and Work Your Wealth brands.

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

  • How a big decision for your business impacts your family life
  • The importance of discussing big business decisions with your significant other
  • The opportunities that were available to Workable Wealth
  • Factors that went into merging into a larger firm
  • How Mary Beth learned and was exposed to Abacus Wealth Partners
  • The push Mary Beth received through the mentorship program
  • Why she explored the idea of a merger
  • How the Chief Marketing Officer role played into the merger
  • Mary Beth’s discovery of “secret” Abacus
  • The unique way Abacus onboards new employees
  • How Abacus is walking their talk when it comes to diversity
  • How the culture of Abacus impacted the merger decision
  • Opportunities seen within Abacus for Workable Wealth and their clients
  • What it came down to for Mary Beth to say “Yes” to Abacus
  • The responses clients have given regarding the merger
  • What readers, listeners, clients, etc. expect going forward
  • Be on the look out for the “Money Circles” launch
  • What the future holds for Workable Wealth

LINKS WE MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?