Here's the truth you'll need to face. You are going to go through major transitions in your life. It's not if, it's when.
For lots of business owners like you the Holy Grail of having a successful business is being able to sell it to a 3rd party when it becomes time for you to retire. Before you even think about getting ready to sell your business you’re going to have get your business in a position where a buyer is going to want it.
You might think a buyer is going to want your business, warts and all. You might even be able to find someone to buy it. I would be very surprised that if you haven’t fixed these three things you’re going to have a hard time finding a buyer who is interested in your business at a price you want to sell it at.Start with becoming operationally irrelevant.
Topics: passive ownership
The first question you need to answer is do you have a will? After all, according to Tom Deans in Willing Wisdom about 50% the people in the US don't even have a will?
Watch this five minute video as Josh Patrick takes you through what he believes is the secret to staying invested......even when you don't want to.
Topics: investment management
Investing can be a tricky business. Too often you put all your money in one place. Then, when the market tanks you get nervous and change your investments around. Often, this is the worst thing that you can do at the time you make your investment changes.
For years we've been working with our clients and what we call the bucket system. I think that it just might help you stay invested when you're inclined to pull your money at the worst possible time.
To learn more read on:
Start with opening three accounts.
Today we're going to tackle the world of investments and whether you should do it yourself or work with an investment advisor. Watch the video below and if you have thoughts, click here and let me know what you think.
Here's an issue you probably are facing and you may not even know it. There's a very good chance you're not saving enough. Why don't you spend a few minutes watching this video. You'll get some great ideas on what you need to be doing to make sure you do save enough and get to retire on your terms.
Topics: Saving for retirement
Too often we go through life thinking that things are going just fine. There are warning signs along the way but we just don't pay attention to them. I'm going to bet that most of you have had this problem at least once in your life.
Here are 5 things I would like you to think about to make sure that your plan doesn't let you down.
If you own a business there's a very good chance your business is not going to provide enough money for you to retire. If you believe this (and if you don't watch the video) then you're going to need to save more outside your business in a tax advantaged manner.
Several years ago I met Brian Mayne. He introduced me to the concept of Goal Mapping. This is where we take a general goal, something like making your life better and putting specifics in place that help you move towards your desired outcome.
There are four parts of goal mapping. All four are equally important. Doing a goal map in a specific order helps improve and speed up the process. When I start an engagement with a client I always start with a goal map. When I combine a goal map with our alignment process we get great results.