The OnaWay Show: Recent Episodes
the OnaWay Show
Take control of your money so you can live a more intentional life- the OnaWay. Shannon Reichelt is a CPA with a mission to help you get there. Whether it is business or personal, freeing yourself from debt or figuring out what to do with your savings, Shannon is here to help you take control of your money so you can live better.
We’re always a fan of finding ways to reduce stress, especially these days! Taxes really stress people out so in this episode we talk about simple ways to reduce your anxiety at tax time. We’ll also give some tips for what to be on the lookout for that’ll be new for you this year taxwise. For OnaWay clients stick to the end to hear about our mode of operations this year and how to be prepared for that. If we were to sum this show up in a hashtag here it is! #BeingPreparedReducesStress
Doing more with less seems to be the theme these days, in this episode we’ll share how at OnaWay we’re able to do a tremendous amount of work with less by utilizing these key functions: structure, systems, organization and software. Might not sound like much fun but it’s the way to a less stressful, simplified and more effective life! We’ll share how these functions will help enhance consistency, stop wasted time and energy and leverage your hard-work so it takes less time later on. These are the keys that helped us do more with less over our 15 years of business and has us moving into the future strong, even when we’re doing more with less.
Managing the cashflow of a small business was hard before 2020, now it’s even harder! You’ll keep going around the same mountain until you re-sequence your priorities. In this episode, Shannon shares a powerful lesson she uses to view the sequence of priorities we unknowingly set and how to shift them in a way that gives you momentum forward. This is the secret to how she escaped the small business money pressure cooker once and for all. Once locked in and motivated, she’ll share a practical order for how to allocate the cash coming into your business towards payroll, bills, loans, taxes and you.
With the 24 week period ending many are asking, what now? In this episode, we’ll share what we’re hearing from the experts and give advice on when’s the best time to submit your forgiveness application. Learn about the IRS’s unpopular stance on not allowing deductions for expenses paid with PPP forgiven money.
We've lost count on how many months we're into this new way of life and many are asking, now what? In this episode Shannon shares what she's seeing take place across our communities on the job front, business landscape, and finances. She'll offer tips on what's working and what could hurt you in the long run. Learn how the old parable about teaching a man to fish is wildly practical right now.
As the pandemic rages on its brought forth an era of change, as if a veil has been removed from before our eyes regarding our jobs or businesses we own. In this episode we’ll explore an interesting development of two buckets, the in’s and the out’s. Is the great change pushing your button of fight, appreciation and togetherness with your team and employer or does the thought of going back fill you with dread? It’s time to sit back and ask yourself, am I in or am I out? And what does that mean for my future?
Many have asked what we’re doing right now in regards to our own financial decisions. In this candid conversation, Shannon shares her decision on the PPP loan along with her financial journey over the last 2 years from mega financial pressures to getting out of debt and having emergency savings to get you through hard times. Everyone is experiencing money concerns right now, the degree to which is what varies. Our goal is that you take a serious stand to break the bondage of money stress once and for all so that when life hands you an ordeal, you can focus on the ordeal, not your money.
In this understated topic we dive into the life of a business owner and how at times we feel a sense of loneliness. We’re responsible for everything and the providers to everyone at all times. There’s a reason they say it’s lonely at the top, we’re not quite sure where to turn when we need filling. In this episode we’ll talk about how our leadership style affects this topic and some pitfalls and triumphs we’ll share from our journey as a small business owner.
Simply saying the word taxes conjures up an awful lot of bad emotions for most everyone. In this episode we’ll talk about how you can alleviate the inherent fear of taxes and turn it into a simple matter to check off your April do to list!
Managing your business finances is TRICKY! Here’s the honest truth, none of us were taught how to do it and good old winging it gets old quick. In this episode Shannon puts on both her CPA and business owner hat and dives into ways you can improve the overall management of your business finances. If you want cash in the bank, your bills paid, and mental energy going towards something other than your bank balance this is how you start.
There's an alarming degrade happening in the world today as far as what's considered acceptable service. Whether it be customer, serving your co-workers or the little league team. Join us in a conversation about setting a new standard of excellence and the far-reaching benefits this will bring not only to those you serve but every aspect of your own life as well. If you want increased productivity, energy, relationships, a happier workday and massive opportunities... start here.
Do you praise people? Do you genuinely thank the people you work with? The co-workers that help you out, the employer that provides you a job, or the customers that without them there is no paycheck. Developing a habit of offering genuine praise to those around you provides more benefits than one could list. It has the ability to change your life, open doors of opportunity, deepen relationships and bring peace. All of which dramatically impact your financial well-being and so much more. In this episode we explore this concept of praise and why the world needs to take this up.
Staying inside our comfort zone is, well, comfortable. What do we do when a job or business that was once fulfilling has stolen our peace? In this episode we dive into practical tips for knowing if it’s time to say good-bye to that job or business or if what you really need is diligence to stay in it albeit with some changes. We take a special deep dive for the business owners out there.
As we close out our first year of the OnaWay show we reflect on the journey with a behind the scenes candid conversation with Shannon and producer Trumpy on where we went, what’s to come and why this show can truly change the lives of folks wanting to have a better relationship with money. To everyone whose listened, it’s truly been our honor.
Supersized meals and drinks, massive homes and cars and if we have a business we’re told bigger is better. If we choose less it means we’re lesser than.. but is that really true? Let’s pose a challenge – what if the coming new year became a year of less? Simplifying. Or less pressure. What would life be like? Join the conversation in this episode where we ask what feels massive in your life that if it were simplified or removed would be a huge relief. We’ll give you simple ideas to get the ball rolling towards ending the rat race and moving into a more peaceful new decade.
Winning with money takes courage and a willingness to not let fear stop you from dreaming. Dive into this mental game and learn how to tune into your current belief systems, habits and views on your relationship with money. Walk out of your old fate and into a new one where you never worry about money again. Choose to change!
Every business owner knows the stress of not having enough money and how crippling that can be for the business. In this episode we open our playbook for how we took our business from stressed to not even during down times. We could talk for days on this, but this episode will get you going with impactful first steps. Following these steps will allow you to focus your energy on operations, opportunities and beneficial changes during a slow time vs figuring out how to pay the bills. The difference is night and day, trust us, we’ve lived it!
What happens when our innate sense of security and comfort clashes with change? It can create a brew of upheaval. Imagine if change were a thing or person, how do we respond when it shows up on our doorstep? How do we act upon it? Do we avoid it? In this episode we’ll have a conversation about change in our careers and businesses and when it’s time to jump off the ladder or stay on and climb the rungs. Many of us are facing changes right now, don’t miss out on this convo that could crack a light into your situation.
In this episode we focus on two roles of influence, whom influenced you and who you influence and ask the question does this help or hinder you? You’ll see how much our financial wellbeing has been influenced by our past and present. So what do we do about our future?
In this episode we dive into what that even means and what we can do to break that mindset and move into a future where we have a healthy relationship with money. Take these simple action steps to break the clutches of the money is evil concept.
In this episode, we sit down with a very special teacher that is bringing personal finance into the classroom. Hear what Michael Brooks' students are asking and how the heart of a teacher can help you talk with your kids about money.
Everyone wants doors of possibilities to open far and wide that lead to promotions, abundance and fulfillment. But how do we attract opportunities? In this episode we dive into what we might be doing that sabotages opportunities and what we can do to attract them. Whether you want a promotion at work or new customers for your business this show applies to you.
Let’s face it this topic could be applied anywhere, but let’s focus it on our financial decisions. In this episode we’ll dive into ways to help you make solid financial decisions and ways to evaluate if that decision should be no. Not great at being able to say no? Welcome to the club! We got tips for how to build your no muscle too.
Want to become a master saver? Whether it’s putting aside money each week towards Christmas, vacation, car, or that quarterly real estate tax bill, setting up separate savings accounts is a fantastic way to make larger expenses more manageable. Ramp up your saving muscle by saving smaller weekly chunks into separate saving accounts so that when the bill comes in you can write that check in full with zero stress or guilt. Accomplishing big things is always more effective when done in smaller bites. This episode will cover the basics of setting up separate savings accounts ear-marked for key needs, funding them and how this easy process can turn you into a savings master!
When’s a good time to stop and do tax planning? NOW! In this episode we’ll talk about what tax planning is, who should do it and what you should expect from it. We’ll also give you some advice on switching from wing it mode to embracing what planning can ultimately do for you. If you never want a surprise tax bill again or to reduce the stress of weak business cash flow this episode is for you!
How do you pay bills when money is tight? No one ever taught us how to pay our personal or business bills. How have we learned? Trial and error. In this episode learn the importance of understanding which bills to pay before others and how to create a plan for paying the rest. In the second half we’ll dive into ideas specifically for businesses to bring in some fast money, how to prioritize what bills to pay, and creating a plan for paying the rest. The principals in this show apply to both personal and business finance.
How do you pick the right professional for you? At some point life will require us to find a pro to help us traverse an area we need guidance, whether it be a CPA, lawyer, banker, insurance agent, or financial planner. Finding the right pro is critical. In this episode we’ll prepare you for how to find a pro that’s got your back, you can grow with and is someone you feel comfortable being you around.
Are you prepared financially to weather the storm when money gets tight? In this episode we’ll explore common trends that set us up to fail when money gets tight, business slows or life happens. Signs of the economy tanking are everywhere and now the big wigs are making it official. Learn how you can prepare now so that you can maintain your sanity when the good times slow down.
Do you struggle talking about money? We all do! If we want to kick the struggle and conquer this money thing we must be able to talk about it. In this episode Shannon will gear you up to be prepared to have a tough money conversation with your personal or professional partner. This process will help you be prepared prior to the meeting, give insight to getting your emotional state in a healthy place enabling you to connect and have empathy for the other partner as well as a guideline for what to do during the meeting. You’ll be able to take a challenging situation and get everyone playing on the same team towards the same goal, improving your life and winning with money!
Is money tight in your business? Dips in the economy will and are happening. How prepared you are can make the difference between weathering the storm and capitalizing on opportunities or failing and heaping piles of stress. In this episode we’ll cover common problems that drain cash-flow and ways you can take controlled action over your company’s cash. Don’t get caught in a bind when the economy dips or business slows. Droughts will come and they shine a spot light on problems that can hide when the good times roll.
Estate planning touches everyone you love and everything you have. We’re bringing in our personal estate planning team, attorney Chris Roy from Legacy Counsellors for a candid discussion about the realities of why estate planning is so important and when you should start. Our goal in this episode is to bring estate planning down from the clouds, make it relatable and inspire you to take action protecting those you love and everything you’ve spent a life time building. Trust me, after hearing this you’ll realize you need to get started right now!
Need help defining your teams role and responsibilities? A Key Results Area (KRA) is a simple tool you can use to clearly define what winning looks like for a position. In this episode we’ll talk about what they are, why they are important, how to create one and all the awesome benefits for employers and employees when you adopt KRA’s into your workplace. This episode is good for managers, leaders and owners in roles of all shapes and sizes.
Financial statements paint a picture of every move that happens in your business day. Numbers are a truthful reflect of choices and they don’t lie. Many think numbers control you and have a life of their own. The reality is we control our numbers by the decisions and actions made every day. Learning how to read your company’s financial statements is crucial because cash is the blood pulsing through your business. Use financials to pivot and adjust your business to progress! In this episode learn from CPA, Shannon what 2 financial statements you want to review at least monthly, why they matter, and tips to look for. This is an excellent podcast for newcomers that’s easy to understand and will give you a boost of confidence reading your financial statements!
Hope – It’s easy to become hopeless in regards to our financial health and wellbeing, especially when we’re not very good at it. In this episode learn why hope is a powerful and necessary component to kickstarting or ramping up your financial fitness. Learn ideas on how to spark your hope and simple immediate steps to get into action!
Where does all my money go? Oh, how we’ve asked ourselves that question! This episode is about knowing your numbers, how life events trigger our desire to put more focus on our financial health, our reactions to that, and action steps you can take right now to start feeling empowered with your money and future. Don’t miss this one if you are looking to get out of autopilot and into progress in your life.
Thinking about starting a business? If you are, this is a must listen that will get you in the room with a pro to learn key things you’ll need to do and who you need on your team. Did you know there’s an order to what you need to do to get started in business? At what stage do you need certain pros on your team? We’ve walked this path before personally and have helped thousands of others along the way. Don’t miss this episode before you take the plunge!
Developing an abundance mindset will open doors of opportunity. In this episode we’ll talk about why switching from a limited mindset to an abundant mindset will improve and increase your opportunities for abundance. Why having a Debbie Downer attitude will never result in increase. Ideas for developing an abundance mindset and tricks for getting going. The goal of this episode is that if you improve your mental state you’ll have more enthusiasm, drive, and raving fans resulting in more opportunities that will improve your financial health and overall quality of life.
Succession planning for business owners is wildly important so that you can control the destiny of what happens to your business after you. Do you sell? Have a partner buy you out? Groom a key person? Where does the money come to do those options? In this episode we’ll talk about succession plan options as well as how to look inside your business now and ask yourself this very important question – if something happened to me tomorrow, what would happen? If you are a business owner, no matter what stage or age, don’t miss this episode!
Processes & Procedures – Is work chaos? An unorganized, frustrating experience with unclear expectations or people not ‘doing what they should’? If yes, you need processes and procedures. Disengage from thinking they are restrictive constraints but rather the key to running a well-oiled stress free, quality generating machine. In this episode learn the why’s - why do we have them, why do we want them, how are they created and clues that indicate they are needed. Both employers and employees will get some big takeaways in this episode.
Consistency – how character, deed, and habit when done consistently can bring you increased promotion and overall stability. Each of these areas can improve your financial health and every aspect of your life. If you can serve people turning them into raving fans through your consistency, get ready to pave your way to increase!
: Legacy – how do you psychologically handle having money? Especially when you’ve come from no money. In this episode we discuss the dynamics of mentally shifting towards having money, busting myths on the ‘right’ way to give, realigning where we place value, loans to family & friends, and the concept of being a steward of money.
Legacy – how do you psychologically handle having money? Especially when you’ve come from no money. In this episode we discuss the dynamics of mentally shifting towards having money, busting myths on the ‘right’ way to give, realigning where we place value, loans to family & friends, and the concept of being a steward of money.
Buy vs Lease – Spring Fever! The for sale signs start popping in the spring and we are ready to BUY! the 3 groups: homeowners, investors and business owners who are looking to buy/lease property. In this episode we talk about lending, hidden costs, minding your leases and making smart decisions when it comes to the question of to buy or lease properties.
My Story – stories have the power to deliver what we need, when we need it. When I record these sessions I ask within what message to deliver that might serve to unlock someone or be the very thing they need to hear. Today, I share my story of humble beginnings, how pains great teacher shaped me, mistakes I made and what saved me. How I became an everyday millionaire from ground zero, yet success defines me as the peace that steadies my heart and grounds me when storms rage. Albeit nerve wracking to share my story it’s worth it if a word comes through me that is just what you needed to hear.
How can we make more money in a healthy way? Who defines success and how is that linked to our money and perception? How big is big enough and why are you striving for money? Has it become destructive vs healthy? Learn some pitfalls that can shift our money making nature from healthy to destructive and how being invaluable is your key to increasing your money making potential.
Money Yokes – a yoke can take something mighty and control it down to passivity. Yokes weigh us down, making our life slow, methodical, mundane and powerless. Money yokes are one of humanities biggest yokes. In this episode learn what a money yoke looks like in your life and ways to break free from the yoke. Regain your power and break passivity.
What does wealth look like? How does societies perception of wealth lead us astray and actually further from wealth? In this episode learn common myths of how we think every day millionaires are made. Who can become a millionaire, hint EVERYONE. Inspired by the book Everyday Millionaire by Chris Hogan.
This is for our fellow weary business owners out there. How does money hemorrhage out of your business? Learn key areas to watch like a hawk that are trouble spots for most businesses no matter the industry. Learn why knowing your numbers is a MUST and how your bookkeeping system needs to have these key characteristics, simple processes, organization, discipline, and someone trustworthy who demonstrates these same characteristics.
Budgets – why they are your ticket to financial freedom and not something that takes the color out of life. In this episode learn how to shift your perspective on budgets, say yes to the things that are top priority and no to what doesn’t really matter. We’ll talk about where to gather the data to prepare your monthly budget and what formats you can use to create your budget from a CPA’s perspective.
No one likes talking about money with their partner, in this episode we talk about why we must, things to do and NOT do! We all have a natural money style, are you a free spirit or nerd? Saver or spender? Learn why BOTH are equally important and how to work in harmony together. Let’s not forget the kids! Why talking to your kids about money is important to them developing a healthy relationship with money.
It’s tax time and this year will be a doozy with the new Tax Act changes passed this year. In this episode learn an important tip regarding your paycheck withholdings. Shannon also talks about what to look for in a good CPA relationship and why it’s so important. She answers questions about when you need a CPA, when you don’t, and that switching is easy.