Entrepreneur Aligned Podcast: Recent Episodes
Entrepreneur Aligned
Tiffany and Jarrod from Entrepreneur Aligned reveal all of their financial and life strategies for successful entrepreneurs because after all, your success should feel satisfying.
In these conversations, case studies, and interviews with entrepreneurs you’ll discover how you can leverage your business success to create an even better life for you and your family by optimizing how you use your principle resources - time, energy, attention, and capital.
If you are wondering what comes after success or looking for tips that you can implement in your entrepreneurial journey, then you’ve come to the right place. So have a listen, share a laugh, and grab a drink so that you can enjoy a successful sip with us.
Hit subscribe, and you’ll be empowered each week by a fresh outlook, equipped with new tools and strategies, so that you may realize your highest potential and achieve the fulfillment you’ve been waiting for.
This podcast is intended for general informational purposes and does not constitute a recommendation of any type. Please seek advice from your tax, legal, and financial professional prior to taking action.
Securities Offered through Destiny Capital Securities Corporation, member FINRA/SIPC
In this episode of the Entrepreneur Aligned podcast, host Jarrod Musick dives into the changing landscape of interest rates and how entrepreneurs can strategically utilize debt to fuel business and personal growth. With interest rates gradually declining after years of rising costs, Jarrod explores various types of debt—ranging from mortgages and portfolio-based loans to SBA and private lending. He offers actionable insights on refinancing, optimizing credit, and preparing for future opportunities as the financial environment evolves. Tune in for valuable tips on leveraging debt as a component of your long-term success!
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Advisory services offered through Destiny Capital Corporation, an Investment Adviser registered with the U.S. Securities & Exchange Commission.
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Music dives into a critical aspect of business ownership—equity management. As businesses grow beyond a single owner, managing multiple equity owners and partners becomes essential. Jarrod explores the complexities of ownership structures, voting rights, and long-term strategic planning. He highlights how equity management impacts personal financial outcomes, retention of control, and the alignment between business strategy and personal goals. Tune in for key insights on making informed decisions regarding your business and financial success.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Music delves into the intricacies of private real estate investments, a popular asset class among entrepreneurial families. Jarrod discusses the two primary approaches to real estate investing: cash-flowing properties and appreciation-driven projects. He provides valuable insights into single-family homes, multi-family units, commercial properties, and syndications, helping listeners understand the potential returns, risks, and management demands of each type. Whether you're a seasoned real estate investor or considering your first property, this episode offers practical advice on aligning real estate investments with your broader financial goals.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Musick delves into the complexities of purchasing vacation properties, particularly for entrepreneurs. Using the example of a ski house in Vail, Colorado, Jarrod offers advice on securing a mortgage, choosing the right lender, and understanding the nuances of your tax return as a business owner. He also explores the benefits and challenges of managing the property for personal use, occasional rentals, or as a short-term rental investment. Whether you're considering a beach house, rural getaway, or mountain retreat, this episode provides valuable insights to help you make informed decisions.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services offered through Destiny Capital Corporation, an Investment Adviser registered with the U.S. Securities & Exchange Commission.
Join Jarrod Musick on "Entrepreneur Aligned," the podcast dedicated to successful entrepreneurs and business owners looking to manage and grow their wealth wisely. In this episode, Jarrod dives into crucial topics like asset concentration, risk management, and the emotional complexities of wealth. Whether you're navigating your first big exit or managing a diversified portfolio, this podcast provides valuable insights and real-world examples to help you make informed decisions that align with your financial goals. Perfect for those who have achieved financial success and are looking to maintain and expand it, or those who are planning ahead to achieve wealth goals, Jarrod offers expert advice with the clarity and empathy that come from years of working with high-net-worth individuals.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned podcast, host Jarrod Musick delves into the concept of finite versus infinite games in the context of business planning. Drawing from consultations with business owners facing acquisition offers, Jarrod explores the strategic decision-making process of whether to sell or continue operating a business. He highlights the importance of identifying whether you are pursuing finite goals with clear endpoints or playing an infinite game driven by long-term enjoyment and fulfillment. Jarrod also discusses various strategies for managing risk, such as leveraged buyouts and equity financing, and emphasizes the need for personal financial planning in business decisions. Whether you're contemplating an acquisition offer or aiming to sustain your business for the long haul, this episode provides valuable insights into aligning your business strategy with your personal goals.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this week's episode, host Jarrod Musick shares insights on structuring charitable giving as your cash flow increases significantly. Learn how to prioritize organizations, define your impact, determine optimal giving cycles, and adapt your plans to changing circumstances. Jarrod provides a simple, actionable framework to ensure your generosity aligns with your values and goals. If you're ready to give with intention and clarity, this episode is for you!
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Join host Jarrod Musick on Entrepreneur Aligned as he delves into the critical topic of family information management and financial access planning. In this episode, Jarrod explores information management and sharing within families. With more data to track than ever, Jarrod discusses the challenges of maintaining organized access to financial accounts, investments, and key documents—crucial for both everyday life and long-term planning. He explores practical strategies to ensure your loved ones have the necessary access and information, from estate and business continuity planning to managing private investments and digital assets. This episode is a must-listen for entrepreneurs focused on safeguarding their family’s future, simplifying complex financial matters, and building a lasting legacy across generations.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Join host Jarrod Musick on Entrepreneur Aligned as he breaks down the upcoming changes to federal estate tax law set to take effect at the end of 2025. In this episode, Jarrod explains how these changes—halving the current estate tax exemption—may impact business owners and their families, even if they aren't feeling the effects now. Learn about key strategies to preserve your assets and minimize tax burdens, from spousal lifetime access trusts to life insurance trusts, and more. This episode is a must-listen for entrepreneurs planning to pass down wealth, protect family-owned businesses, and make informed financial decisions across generations.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Musick explores the intricate relationship between business cash flows and personal financial outcomes for business owners and their families. He discusses the challenges of financial planning in the unpredictable world of entrepreneurship, emphasizing how to balance risk, manage cash reserves, and make strategic decisions that support both business growth and family goals. Jarrod dives into practical strategies for aligning business profits with personal lifestyle needs, planning for outlier years, and making smart investment decisions to build long-term wealth.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned podcast, host Jarrod Musick dives into the changing landscape of interest rates and how entrepreneurs can strategically utilize debt to fuel business and personal growth. With interest rates gradually declining after years of rising costs, Jarrod explores various types of debt—ranging from mortgages and portfolio-based loans to SBA and private lending. He offers actionable insights on refinancing, optimizing credit, and preparing for future opportunities as the financial environment evolves. Tune in for valuable tips on leveraging debt as a component of your long-term success!
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Music dives into a critical aspect of business ownership—equity management. As businesses grow beyond a single owner, managing multiple equity owners and partners becomes essential. Jarrod explores the complexities of ownership structures, voting rights, and long-term strategic planning. He highlights how equity management impacts personal financial outcomes, retention of control, and the alignment between business strategy and personal goals. Tune in for key insights on making informed decisions regarding your business and financial success.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Music delves into the intricacies of private real estate investments, a popular asset class among entrepreneurial families. Jarrod discusses the two primary approaches to real estate investing: cash-flowing properties and appreciation-driven projects. He provides valuable insights into single-family homes, multi-family units, commercial properties, and syndications, helping listeners understand the potential returns, risks, and management demands of each type. Whether you're a seasoned real estate investor or considering your first property, this episode offers practical advice on aligning real estate investments with your broader financial goals.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Musick delves into the complexities of purchasing vacation properties, particularly for entrepreneurs. Using the example of a ski house in Vail, Colorado, Jarrod offers advice on securing a mortgage, choosing the right lender, and understanding the nuances of your tax return as a business owner. He also explores the benefits and challenges of managing the property for personal use, occasional rentals, or as a short-term rental investment. Whether you're considering a beach house, rural getaway, or mountain retreat, this episode provides valuable insights to help you make informed decisions.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Join Jarrod Musick on "Entrepreneur Aligned," the podcast dedicated to successful entrepreneurs and business owners looking to manage and grow their wealth wisely. In this episode, Jarrod dives into crucial topics like asset concentration, risk management, and the emotional complexities of wealth. Whether you're navigating your first big exit or managing a diversified portfolio, this podcast provides valuable insights and real-world examples to help you make informed decisions that align with your financial goals. Perfect for those who have achieved financial success and are looking to maintain and expand it, or those who are planning ahead to achieve wealth goals, Jarrod offers expert advice with the clarity and empathy that come from years of working with high-net-worth individuals.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned podcast, host Jarrod Musick delves into the concept of finite versus infinite games in the context of business planning. Drawing from consultations with business owners facing acquisition offers, Jarrod explores the strategic decision-making process of whether to sell or continue operating a business. He highlights the importance of identifying whether you are pursuing finite goals with clear endpoints or playing an infinite game driven by long-term enjoyment and fulfillment. Jarrod also discusses various strategies for managing risk, such as leveraged buyouts and equity financing, and emphasizes the need for personal financial planning in business decisions. Whether you're contemplating an acquisition offer or aiming to sustain your business for the long haul, this episode provides valuable insights into aligning your business strategy with your personal goals.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode of the Entrepreneur Aligned Podcast, host Jarrod Musick explores the crucial aspects of investment planning tailored specifically for entrepreneurs. He discusses the importance of protecting against inflation and growing capital, the need for thorough financial planning before diving into asset selection, and how to assign purpose to different accounts. Jarrod also covers various investment categories, from liquid public markets to Bitcoin and gold ETFs to private equity, offering insights on how to align investment strategies with long-term financial goals. Tune in for practical advice on creating a robust investment plan that supports your entrepreneurial journey, and for personalized assistance, visit entrepreneuraligned.com.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode, Jarrod discusses the intricacies of alternative investments, a term encompassing a wide range of assets outside traditional categories like stocks, bonds, and cash. Jarrod explains the basics of alternative investments, including real estate, commodities, precious metals, private equity, and venture capital, highlighting their potential benefits and unique risks. The episode aims to provide listeners with an overview of how alternative investments can diversify portfolios and the due diligence required prior to investment.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
What is your vision for your life, your family, your business, and the financial structures that support that vision?
Understanding yourself, your significant other and your family values gives you direction on whether you are pursuing the right things. Spending your time in alignment with those values allows you to prioritize what matters and being connected with the people that matter most to you. Money ends up becoming the tool that allows you to execute on your vision and nothing more.
Check out this episode of the Entrepreneur Aligned Podcast to learn more about our Vision and Values Exercise!
Vision and Values Exercise PDF: https://entrepreneuraligned.com/wp-content/uploads/2024/06/Vision-and-Values-Exercise.pdf
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In the pursuit of financial success, our focus often gravitates toward future goals and grand visions. While having clear financial objectives is undoubtedly important, it's equally crucial to align your finances with your core values. This alignment instigates a profound shift in our experience of wealth and success, enabling us to savor the journey as much as the destination. In this episode of the Entrepreneur Aligned Podcast, Jarrod discusses ways in which you can align your wealth in the near term and long term focus.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
We will all exit our business someday. The question we need to answer is, “Am I being pushed to exit or pulled into it?” The distinction between the two is entirely about you as the entrepreneur and not about the business itself.
When you are being pushed, it is typically because you feel that you cannot continue with the business as it is. There is something missing which makes continuing not a viable option. A pull exit is when you feel something else pulling you to it. This is a feeling that something else is waiting for you, and you need to go to that something else. A pull exit is by far the better feeling.
Check out this week's episode of the Entrepreneur Aligned Podcast to learn examples of both and hear Jarrod's methodology on how to plan ahead for your business exit in the future.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
As an entrepreneur, the tax decisions you make can be broad and long term. When done correctly, tax planning is something that is incorporated into your business management cadence throughout the entire year. In today’s episode of the Entrepreneur Aligned Podcast, let's talk about the key differences between tax compliance and tax planning and the wealth of possibility that can come from having right planning-focused CPA in your corner.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In the world of entrepreneurship and business ownership, it's easy to blur the lines between your business's financial success and your personal wealth. Many small business owners and entrepreneurs pour their hearts, souls, and resources into their companies, hoping for financial success. While it's a commendable endeavor, it's crucial to distinguish between business wealth and personal wealth. Why? Failing to do so can have significant consequences for your financial well-being, your family's future, and even your overall happiness. In this week's episode, we will delve into the significance of separating these two financial entities and provide insights into effective methods to achieve this differentiation.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Every business will transition to new owners at some point. Creating your vision for that transition well in advance sets you up for success. In today’s episode of the Entrepreneur Aligned Podcast, Jarrod reveals the five key components to consider when planning your exit strategy as a small business owner.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Engaging in business valuations is paramount to your success as an entrepreneur. In this episode of the Entrepreneur Aligned Podcast, we will address the four key elements that most often drive equity value. More importantly, we will focus on the untapped potential of using business valuations as an important tool in your planning and how tracking business equity value well in advance of any sale adds significant value for owners.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Entrepreneurs invest their lives in building and nurturing businesses, channeling passion and energy into their success. Amidst the hustle, one critical aspect often overlooked is business continuity planning. Addressing the uncomfortable question, "What happens if something happens to me?" is vital to safeguard both your business and your loved ones.
In this episode of the Entrepreneur Aligned Podcast, we explore the importance of business continuity planning and ways to prevent burdening your spouse with the responsibility of running the business, all while ensuring their financial well-being.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Money – a topic that often lingers in the background, whispered about in hushed tones, or avoided altogether. However, the benefits of normalizing money conversations within our households far outweigh the discomfort that may initially arise. In this episode of the Entrepreneur Aligned Podcast, we'll explore the importance of breaking the silence around money and provide tips on how to foster open, healthy discussions that can positively impact your family's financial well-being.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In today's dynamic world, particularly for entrepreneurs, the pursuit of financial success often feels like an ongoing marathon with a perpetually shifting finish line. As we navigate the complexities of personal finance, the critical question arises: What is "enough"? How can we escape the trap of perpetually chasing a goalpost that seems to elude our grasp?
In this episode of the Entrepreneur Aligned Podcast, we delve into the concept of "enough" and share insights on discovering contentment within the ever-changing landscape of financial aspirations.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In the realm of closely held businesses, the transition of wealth across generations is a pivotal consideration, especially given the impending changes set by the Tax Cuts and Jobs Act (TCJA) at the end of 2025. In this week's episode, Jarrod explores the complexities and strategies associated with generational wealth transfer, including estate taxes, gift exemptions, and key tools such as ILIT and GRAT.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
As business owners, it is essential to skillfully navigate the intricate terrain of tax planning to optimize financial efficiency and minimize liabilities. Over the past few months, we've received several pertinent tax questions from business owners seeking to optimize their tax strategies. In this episode, we delve into two key inquiries and explore actionable solutions.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
As we approach the expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) in 2024 and 2025, business owners face a unique opportunity for strategic tax planning. The TCJA, enacted in 2017, introduced significant changes to the tax code, and many of these provisions are set to sunset at the end of 2025. In this episode, we will explore five key planning opportunities for business owners to consider as they navigate the impending changes and are eager to optimize tax strategies.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In this episode, we delve into the fascinating world of Bitcoin ETFs (Exchange-Traded Funds) and unpack what investors need to know about this innovative investment vehicle. With the increasing popularity of cryptocurrencies, particularly Bitcoin, ETFs offer a convenient and regulated way for investors to gain exposure to digital assets without directly owning them. In this episode Jarrod provides valuable insights into the mechanics of Bitcoin ETFs, exploring topics such as how they work, their benefits and risks, regulatory considerations, and the evolving landscape of cryptocurrency investing. Whether you're a seasoned investor looking to diversify your portfolio or someone curious about the potential of Bitcoin ETFs, this episode offers essential information to help you navigate the complex world of crypto investments. Tune in to gain a deeper understanding of Bitcoin ETFs.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
As an entrepreneur, you've embraced the courage to invest in yourself, positioning your business at the core of your time, wealth, and well-being. Acknowledging that equity encompasses more than financial investments, this financial pillar is committed to refining and maximizing these vital assets. In this week's episode, our goal is to ensure that your entrepreneurial pursuits are not only financially lucrative but also contribute to the enrichment of your overall life experience.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Legacy goes beyond wealth—it includes values, aspirations, and the impact on future generations. Engaging in intentional conversations with heirs is a powerful way to shape and preserve this legacy. In this week's episode, we explore the transformative journey of discussing intentions and legacy plans, fostering understanding, and imparting valuable lessons.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In the pursuit of true freedom, both financial and personal, individuals often find themselves navigating a complex landscape. The quest for freedom is multifaceted, touching upon clarity, wealth growth, risk management, equity optimization, and the maximization of life’s experiences. In this week's episode, we explore how the five pillars of the Personal Wealth Operating System serve as the foundational framework for unlocking the doors to unparalleled freedom.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Entrepreneurship is a thrilling journey marked by innovation and independence, but it also comes with the challenge of managing variable income. Unlike the predictability of a fixed salary, entrepreneurs often face fluctuations in their earnings. In this week's episode, we’ll explore four key tips to help entrepreneurs effectively navigate the ups and downs of personal financial variable income.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Financial success requires a clear roadmap and a commitment to setting and achieving meaningful goals. In this week's episode, we'll explore the significance of setting financial goals, the steps to define them effectively, and strategies to ensure their successful attainment.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In the world of entrepreneurship and business ownership, it's easy to blur the lines between your business's financial success and your personal wealth. Many small business owners and entrepreneurs pour their hearts, souls, and resources into their companies, hoping for financial success. While it's a commendable endeavor, it's crucial to distinguish between business wealth and personal wealth. Why? Failing to do so can have significant consequences for your financial well-being, your family's future, and even your overall happiness. In this week's episode, we will delve into the significance of separating these two financial entities and provide insights into effective methods to achieve this differentiation.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
The year 2023 has indeed presented a unique set of challenges for business owners. It has required adaptability as they navigate political uncertainties regarding U.S. tax policies. Additionally, business owners have had to grapple with macroeconomic factors such as heightened inflation, rising interest rates, concerns about a potential recession, and complex geopolitical issues. The proposed tax changes outlined in President Joe Biden's 2024 budget plan have added another layer of uncertainty, with discussions about increased corporate income tax rates, alterations to capital gains, taxation for high-income earners, and revisions to estate and gift tax provisions. In this week's episode, Jarrod delves into how business owners can leverage recently enacted tax incentives to drive their businesses forward.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In the hustle and bustle of our daily lives, there are moments that slip through our fingers like grains of sand. One such moment, often overlooked, is the golden opportunity for intergenerational vacations—a moment when our children are still young, full of wonder, and our parents are in good health and eager to explore. It is during this limited time that we can embark on transformative adventures, creating lasting memories and strengthening family bonds. In this week's episode, Jarrod delves into the significance of intergenerational travel, the importance of financial planning to turn it into a reality, and how this cherished time with our kids and parents can leave a lasting impact on our lives.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
As a business owner, the path to building wealth is often marked by unique challenges and opportunities. While there is no one-size-fits-all formula for success, there are several key strategies that can significantly enhance your wealth-building journey. In this week's episode, Jarrod discusses six essential strategies that can help you not only create a thriving business but also accumulate wealth over time.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In the pursuit of financial success, our focus often gravitates toward future goals and grand visions. While having clear financial objectives is undoubtedly important, it's equally crucial to align your finances with your core values. In today's episode of the Entrepreneur Aligned Podcast, Jarrod explores some ways to think about this as you explore your short-term and long-term planning needs.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
What do we mean when we talk about risk management? As entrepreneurs, our job is to make sure that our businesses and personal lives have no singular failure points. Some of the biggest risks we face are around the two broad terms of “business continuity” and “liability risk”.
In this week's episode of the Entrepreneur Aligned Podcast, Jarrod discusses these two types of risk, the impact they can have on your personal planning, and how to protect yourself and your family in the years ahead.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
What happens when your business is not performing financially as well as you thought it would? What happens when that underperformance means that some of your family priorities are not met? When these things happen, you can either increase the amount of owner benefit being withdrawn, take on debt or sell some or all of the equity in the business. In this week's episode of the Entrepreneur Aligned Podcast, Jarrod dives into each path.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
In today's episode of the Entrepreneur Aligned Podcast, I walk you through the three-step decision making process we here at Entrepreneur Aligned take clients through when they are purchasing their second homes for vacationing. This process works well for any vacation or seasonal-use property, but there are certain steps, locations and seasonal elements that are specific to mountain town ski properties that I outline as an example.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Entrepreneurs have demands on their capital and reserve requirements that most others do not. Thinking about these in concert with personal needs and requirements requires a different approach.
In this week's episode of the Entrepreneur Aligned Podcast, Jarrod segments capital reserve requirements into the following categories. He goes over why each piece of capital is being held in reserve and provides helpful examples and strategies for each one.
Business
-
Business working capital needed within 90 days
-
Business reserve capital that could be needed in 90-180 days
-
Business reserves needed more than 180 days into the future
Personal
-
Personal cash needed within 180 days
-
Personal reserves that cover debt and expenses between 180-365 days
-
Known big ticket items needed one-to-three years in the future
The theme of cash and capital reserves for your business and family is to forecast what you will need and match the investments to that need. We do this work with our client families, so please reach out if we can help yours.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
As an entrepreneur, the tax decisions you make can be broad and long term. When done correctly, tax planning is something that is incorporated into your business management cadence throughout the entire year. In today’s episode of the Entrepreneur Aligned Podcast, let's talk about the key differences between tax compliance and tax planning and the wealth of possibility that can come from having right planning-focused CPA in your corner.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
How do you close gaps that exist when partners need different things from the business? If you haven't listened to our last episode of Part I, go back and listen for an overview of our first three phases of business owner equity planning with multiple partners. In today's episode of 3-Minute Success, we are going to finish Part II of this series and go into Phase 4.
Phase 4 is about integrating everything together into a unified strategy that meets the needs of each partner. This phase is always the most nuanced because we usually uncover gaps in the current business strategy, which are most likely:
1) Time horizon based
2) Owner benefit need based
3) Exit outcome need based
Let's dive into each of these common gaps and allow me to offer some possible solutions for each one.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
Seeing business exits fail is one of the reasons we created Entrepreneur Aligned. One of the areas where we have seen failure points is when there are multiple owners of a business and their needs from that business are not in sync. At Entrepreneur Aligned, we have a process to uncover needs, get clear individually, and create a strategy that works for each partner. We call this our Partner Aligned process. In this episode of the Entrepreneur Aligned Podcast, I will walk you through each of the key phases and tasks of this process, starting with the first three and concluding with the fourth phase next week!
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
We often get asked what the difference is between retirement planning and business owner planning when it comes to personal finance. The answer is focus. For most non-business owners the focus of financial planning is retiring successfully while hitting the major financial milestones of life between today and the day you retire. For business owners, the focus is on meeting all the needs, wants, and goals of the family while also nurturing and growing the business. In today's episode of the Entrepreneur Aligned Podcast, I dive into some of the key differences in personal planning based on where the focus is.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
How do you know when you need to make a change with your CPA? If you are seeing any of these four signs, it may be time to start seeking out a new team:
1) You have asked for tax projections but don’t get them.
2) You have asked for guidance around the timing of a use of capital but your CPA doesn’t want to offer a recommendation.
3) You feel like your CPA knows less about taxes for your business than you do.
4) You have found errors with prior year business returns prepared by your CPA.
In today's episode of the Entrepreneur Aligned Podcast, we'll dive into each of these warning signs and discuss why they are important to pay attention to.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.
We get this question often: “How is business owner financial planning different than regular financial planning?”
Financial planning is the process of creating a comprehensive plan to fund your current and future needs. Financial Planning for business owners is the process of including your business planning in your personal financial planning strategy.
In today's episode of the Entrepreneur Aligned Podcast, Jarrod breaks down the high level strategy behind it all.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
When you are in a tight spot with liquidity, where do you go to source the cash? In today's episode of the Entrepreneur Aligned Podcast, Jarrod focuses on things you can implement relatively quickly, most within a few weeks or even a few days.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Growing your business through acquisition requires financing. In today's episode the Entrepreneur Aligned Podcast, Jarrod provides an overview of SBA 7(a) loans and how you can use them along with seller-carried financing to acquire and grow your business.
For a deeper dive into this week's topic, check out our long-form blog post on this very topic: https://entrepreneuraligned.com/insights/small-business-acquisition-sba-loans
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Increasing the equity value of your business can be done in many ways. What are the fastest ways to start increasing value right now? In this episode of the Entrepreneur Aligned Podcast, Jarrod breaks down the three ways to increase your business equity value fast.
Fast doesn’t mean the most powerful tools you have available. Those are usually increasing revenue, profitability, and growth rate. However, those often take longer to create and if you want to start moving the needle right now we need to look in other areas while you continue growing the business. The three fastest ways to increase your business valuation are:
1) Remove yourself from roles in the business
2) Ensure your financials are clean and easy to review
3) Secure your intellectual property
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
There are lots of ways to lose money with investing, but perhaps the most frequent is selling assets when you don’t want to. Sometimes this is driven by fear, when economic conditions worsen or the market turns against us we naturally want safety. Sometimes we see a better opportunity or think we do, and want to make a change to take advantage of it even if the assets we own are down in value. Most often, we see this happen when there is a need for capital that we didn’t properly plan for and we need cash even if we are selling at a loss to get it.
So how do you set yourself up for success so that you aren’t selling assets when you don’t want to? You have to design your account structure and strategy to match your dollars to when you will need them. In this episode of the Entrepreneur Aligned Podcast, we will cover an example of our baseline design which involves splitting personal liquid assets into three buckets:
1) Short-term needs and reserves: spending in the next 1 year
2) Mid-term needs and reserves: spending in the next 2-3 years
3) Long-term needs: spending more than 3 years in the future
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
How is wealth management different for business owners?
The more accurate question might be, how isn’t it different? Business owners control their time and capital to a greater degree than the 91% of non-entrepreneurs in the US. Most of the research and writing on personal finance is targeted toward those 91% who work for someone else and operate in a very traditional work environment. They generally collect wages and benefits and have fairly predictable income. Entrepreneurs only make money when their business does and those numbers change drastically over time.
So how should entrepreneurs manage their wealth differently? We lean on our 4 Pillars of Entrepreneur Wealth Management:
1) Get Clear
2) Grow Wealth
3) Manage Risk
4) Entrepreneur Equity Planning
Read the deep dive blog on this topic here: https://entrepreneuraligned.com/insights/four-pillars-entrepreneur-wealth
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
How do you know if you are financially free or how much more you need? I wrote about this in my book The Abundant Entrepreneur and call it the Enough Number. Meaning, how much do you need in lump sum wealth and recurring passive cash flow to meet all the personal goals you and your family have for the rest of your life? You can download a simple version of that calculator here.
Grab a copy of my book The Abundant Entrepreneur from Amazon here: https://www.amazon.com/Abundant-Entrepreneur-Lasting-Personal-Wealth/dp/B09CRXV2SH
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Quarterly estimated tax payments are one of the least enjoyable parts of entrepreneurship. Making sure that they don’t cause a cash crunch is one of the keys to reducing the pain they cause. In today's episode of the Entrepreneur Aligned Podcast, Jarrod outlines how you can properly forecast and reserve for them.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
As many startups embark on their entrepreneurial journey, one critical decision involves choosing the business structure that best fits their unique needs. Two popular choices are the Limited Liability Company (LLC) and S Corporation (S Corp), each having its own nuances and specific governance structures.
Both S Corporations and LLCs offer "pass-through" taxation, where profits are taxed at the owner level, not at the business level. However, S Corporations' shareholders can potentially avoid self-employment taxes on a portion of the company's profits, a benefit typically not available to LLC members. S Corporations are required to adhere to stricter corporate formalities, such as maintaining minutes of board and shareholder meetings, issuing stock, and having a board of directors. Conversely, LLCs offer more flexibility in management structure and fewer ongoing formalities.
In today's episode of the Entrepreneur Aligned Podcast, Jarrod delves into the tradeoffs between LLCs and S-Corps.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
A question we are frequently asked is, “When will the next recession be?” We all know that the business cycle is real and that the next recession will eventually be here. However, we have no idea when it will occur and with what severity. We don’t know because the global financial system is incredibly complex and difficult to predict. This doesn’t mean that we don’t go through mountains of financial data (we do), and try to get some leading indicators to help us better understand what is likely to happen. Even so, we never know for sure. So if this group of highly educated financial professionals who have made an entire career out of doing this work at a high level doesn’t know for sure, it means that nobody else really does either.
So what should our response to the unknown be as entrepreneurs? In today's episode of the Entrepreneur Aligned Podcast, I'll go over a simple framework you can use to examine your own unique scenarios. These scenarios will focus on liquidity and how you can manage the risks of the environment turning against you.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Often entrepreneurs neglect their physical health. Our businesses and families require so much from us to succeed and be the entrepreneurs, fathers, and mothers we aspire to be. Time always feels short and the same drive that makes us successful can also leave little time to focus on our physical health. I make the argument that if there are three legs on the stool of the entrepreneurial life, one of them must be physical health with the other two being entrepreneurship and close connection with the people you love. Without our physical health we end up being less able to succeed as the leaders, spouses, and parents we seek to be.
When time and energy are limited, how do we develop a plan for our physical health as an entrepreneur? In today's episode of the Entrepreneur Aligned Podcast, I'll go over the three keys in developing your own personal fitness plan...
- Develop goals that motivate you
- Create a physical fitness strategy that suits your individual needs
- Build a nutrition strategy that works for you
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
For many business owners, the process of getting a business valuation feels like a black box. You give your valuation expert your financials and out pops a number, right? How do you know what goes into that number and whether it is accurate?
This week's episode the Entrepreneur Aligned Podcast is intended to shed light on that black box so that you can understand the key value drivers for your valuation. When we work with our clients, the focus is not only on the valuation number or, better yet, anticipated valuation range. We focus on what is driving that value and how can the owner improve their value. There are three key areas of business value that we typically highlight for our entrepreneurs: transition risk, demand index and quality of financials.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
What happens when your business is not performing financially as well as you thought it would? What happens when that underperformance means that some of your family priorities are not met? When these things happen, you can either increase the amount of owner benefit being withdrawn, take on debt or sell some or all of the equity in the business. In this week's episode of the Entrepreneur Aligned Podcast, Jarrod dives into each path.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Entrepreneurship is about generating wealth without a direct connection to your time. Building things that run without you and continue generating cash flow without you being there is what creates the time flexibility we are all seeking.
The leap that we all must make is from being self-employed to truly sitting in the seat of the entrepreneur. So how do we go about making that jump? The answer is found in the term “leverage”. In this week's episode of the Entrepreneur Aligned Podcast, Jarrod discusses the four types of leverage you can use to increase your time flexibility as an entrepreneur: labor, financial, code and network.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
What do we mean when we talk about risk management? As entrepreneurs, our job is to make sure that our businesses and personal lives have no singular failure points. Some of the biggest risks we face are around the two broad terms of “business continuity” and “liability risk”.
In this week's episode of the Entrepreneur Aligned Podcast, Jarrod discusses these two types of risk, the impact they can have on your personal planning, and how to protect yourself and your family in the years ahead.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
One of the frequent questions asked by our entrepreneur families is, “What are the best trips that other clients are taking?” Because we get to hear about some truly amazing adventures from our clients, we here at Entrepreneur Aligned are effectively trip advisors as well as financial advisors.
The entrepreneur families we know are always looking for ways to maximize the time they spend away from their businesses and want to make the most of family travel time. Over the past few years, we have heard most of our clients talk about these four primary travel tools: self-booking or using a travel agent, Airbnb, Inspirato, and Wander. In this week's episode, Jarrod reviews these travel tools and discusses their major differences.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
This week, I want to respond to a question we often receive from entrepreneurs who are meeting us for the first time. Many times, they ask us, “How should I evaluate whether working with you is worth what I pay for your services?”
Great news! We have an easy way to calculate our value based on three quantifiable areas, each of which is based on increased merit when compared to you doing things yourself:
-
How much time do we save our clients, and what is their hourly rate for their business?
-
How much more do investors working with an advisor receive in investment returns than those doing it themselves?
-
How much value does tax planning add?
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Why do many entrepreneurs insist on working with the same financial team they started with years ago? The skills needed to solve problems for a household with $100,000 of income, $1 million or $10 million are different. Protecting $1 million of wealth, $10 million and $100 million should change, because the threats to keeping those levels of wealth change. The tax code and the challenges it presents are drastically different at different levels of wealth. In today's episode of the Entrepreneur Aligned Podcast, Jarrod breaks down the continuum of financial professionals into five levels: from those that help you get started to those who help you administer generational wealth.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
The things we regret are those that are left untried. How often have you thought about that business that is just screaming to be built? How often have you written it off because you just do not have the time for it? In this week's episode of the Entrepreneur Aligned Podcast, Jarrod goes over these four key elements for running multiple businesses successfully:
#1 - You need operational leverage in your primary business before allocating time to another one.
#2 - You need to clarify how you will get from the startup phase to your operational leverage in the second business.
#3 - What does your financing structure look like for the second business and what is the risk profile for the businesses, in combination?
#4 - Who can you learn from to shorten your learning curve in the second business?
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
What happens after you sell your company to a publicly traded one and, in the deal, you take stock in the acquirer? You just invested in the acquirer! The details make all the difference. In today's episode of the Entrepreneur Aligned Podcast, Jarrod goes over a few of the key elements seen in these transactions and some important things to consider.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
In today's episode of the Entrepreneur Aligned Podcast, Jarrod walks us through the three-step decision making process we here at Entrepreneur Aligned take clients through when they are purchasing their own ski homes. This process works well for any vacation or seasonal-use property, but there are certain steps, locations and seasonal elements that are specific to mountain town ski properties.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
In this week's episode, Jarrod talks about focus. Focus is key, for our business and for yours. Focus does not only mean keeping your eye on a target, it also means excluding everything else. What do you focus on in your business and what do you exclude? At Entrepreneur Aligned, we exclude a number of things from our services. We choose to focus on a few keys that actually matter and help our clients live their remarkable lives.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
If you have a question or simply want to talk through your financial planning, we are here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
There is a fantastic transition that happens along the way while building personal wealth. You have the option to move from using outside lenders to fund your personal needs to leveraging your own assets. The question is at what level and how do you put the pieces together?
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
We will all exit our business someday. The question we need to answer is, “Am I being pushed to exit or pulled into it?” The distinction between the two is entirely about you as the entrepreneur and not about the business itself.
When you are being pushed, it is typically because you feel that you cannot continue with the business as it is. There is something missing which makes continuing not a viable option. A pull exit is when you feel something else pulling you to it. This is a feeling that something else is waiting for you, and you need to go to that something else. A pull exit is by far the better feeling.
Check out this week's episode of the Entrepreneur Aligned Podcast to hear examples of both and learn Jarrod's methodology on how to plan ahead for your business exit in the future.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
As an entrepreneur, retirement can start at any time. Retirement does not mean that we should stop working, sit on the couch and do nothing. Retirement is when we prioritize our time beyond generating more personal income. We should be retiring from our business a bit at a time every day and with a clear vision for where we are headed.
CHECK OUT MY BOOK, THE ABUNDANT ENTREPRENEUR!
https://jarrodmusick.com/books/
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
You are going to die one day. Death is inevitable for everyone that has ever lived and ever will live. We all intellectually understand that our time is limited, and that we should prepare for that day. So why is planning for that day one of the last things that we want to spend our time and money on? And what does a good estate planning process look like?
If your estate plan is clear, flexible, easy to maintain and fully funded, it ensures that your wishes will be carried out, and remaining family members can focus on your care and celebrating your life.
In this week's episode, Jarrod shares the four keys to a great estate plan. This is not the most fun part of entrepreneur wealth but one that creates tremendous value for those we care about most.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
Wealth Digest - weekly articles delivered to your inbox!
Subscribe to our YouTube channel
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Entrepreneurs have demands on their capital and reserve requirements that most others do not. Thinking about these in concert with personal needs and requirements requires a different approach.
In this week's episode, Jarrod segments capital reserve requirements into the following categories. He goes over why each piece of capital is being held in reserve and provides helpful examples and strategies for each one.
Business
-
Business working capital needed within 90 days
-
Business reserve capital that could be needed in 90-180 days
-
Business reserves needed more than 180 days into the future
Personal
-
Personal cash needed within 180 days
-
Personal reserves that cover debt and expenses between 180-365 days
-
Known big ticket items needed one-to-three years in the future
The theme of cash and capital reserves for your business and family is to forecast what you will need and match the investments to that need. We do this work with our client families, so please reach out if we can help yours.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
-
Wealth Digest - weekly articles delivered to your inbox!
-
Subscribe to our YouTube channel
-
Connect on LinkedIn
-
Follow on Twitter
-
Follow on Instagram
-
Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
We have just emerged from a decade of ultra-low and steady interest rates. The environment that most of us are used to operating our businesses in has changed dramatically. So what can we do moving forward? The short answer is that we need to get more creative.
Check out this week’s episode for Jarrod's analysis of what's possible in today's market. Believe it or not, there are silver linings and different ways we can go about accessing debt and financing options today.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
- Wealth Digest - weekly articles delivered to your inbox!
- Subscribe to our YouTube channel
- Connect on LinkedIn
- Follow on Twitter
- Follow on Instagram
- Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
In this week's episode, Jarrod dives into a key pillar for entrepreneur wealth... INVESTING AND GROWING WEALTH!
Entrepreneurs have more complex logistical needs than non business owners. The challenge is that we often need our wealth to meet a number of logistical and emotional needs at the same time. These needs can be in conflict, so prioritizing and creating an integrated personal wealth structure is key to ensuring that you meet all of your needs.
Jarrod kicks off the episode with the five logistical needs and four emotional needs that are common for entrepreneurs when it comes to managing capital. Next, he explores some different ways that entrepreneurs can better prioritize and plan ahead with these complex needs in mind.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
- Wealth Digest - weekly articles delivered to your inbox!
- Subscribe to our YouTube channel
- Connect on LinkedIn
- Follow on Twitter
- Follow on Instagram
- Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
When we think about how much cash flow we need to create or how much wealth we need to accumulate, we are looking at that number through the lens of how we spend our money. Understanding which category your spending and long term goals fall into is critical to understanding what “enough” actually looks like.
In this week's episode, Jarrod invites us to evaluate our spending patterns under what he refers to as, The Four Spend Segments: obviously bad, hopeful but bad, necessary but neutral and genuine happiness.
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
- Wealth Digest - weekly articles delivered to your inbox!
- Subscribe to our YouTube channel
- Connect on LinkedIn
- Follow on Twitter
- Follow on Instagram
- Check out our Linktree
REACH OUT TO US!
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 720-715-7570
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Most of us feel like we are on the same page with our spouse about money. How sure are you?
Connecting with your spouse on your finances is not about reading all the credit card statements line by line. It is about ensuring that you are on the same page and in alignment with where your wealth is being used.
Check out this week’s episode for tips on how to get more connected so that you and your family can live your most remarkable life.
REACH OUT TO US
Have a question or want to learn more about ways to uplevel your financial planning? We’re here to help.
SEND US A MESSAGE or call 303-715-7570
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
- Wealth Digest - weekly articles delivered to your inbox!
- Subscribe to our YouTube channel
- Connect on LinkedIn
- Follow on Twitter
- Follow on Instagram
- Check out our Linktree
DISCLOSURE:Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
What is your vision for your life, your family, your business, and the financial structures that support that vision?
Understanding yourself, your significant other and your family values gives you direction on whether you are pursuing the right things. Spending your time in alignment with those values allows you to prioritize what matters and being connected with the people that matter most to you. Money ends up becoming the tool that allows you to execute on your vision and nothing more.
Listen to this episode about our Vision and Values exercise and check out the resources below to learn more!
VISION & VALUES EXERCISE:
For a complete list of all the steps and questions within our Vision & Values Exercise, grab a pen and your journal, and click here.
REACH OUT TO US…
Have a question about our Vision & Values Exercise or want explore financial planning needs? We’re here to help.
SEND US A MESSAGE or call 303-715-7570
WANT TO LEARN MORE?
Subscribe to our Entrepreneur Aligned Podcast for new episodes posted every week OR click below to check out more new content from Entrepreneur Aligned.
- Wealth Digest - weekly articles delivered to your inbox!
- Subscribe to our YouTube channel
- Connect on LinkedIn
- Follow on Twitter
- Follow on Instagram
- Check out our Linktree
DISCLOSURE:
Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Tax compliance is necessary, like water. You must do it or else you will find yourself experiencing major consequences. However, many business owners are missing out on the major benefits that come with active tax planning!
As an entrepreneur, the tax decisions you make can be broad and long term. When you extend beyond tax compliance and begin thinking about tax planning, the focus is on the big picture over the next several years. A good, planning-focused CPA should be able to tell you about the types of clients they work with and provide various case studies that demonstrate the value that they have been able to provide to clients like you. They will walk you through their process and explain how they can make time throughout the year for the planning process beyond the tax filing season.
Listen to this episode to learn more about the benefits of tax planning and the importance of working with tax professionals that are active in both tax compliance and tax planning practices!
Have a question regarding tax planning or your financial planning?
GET IN TOUCH WITH US DIRECTLY BY USING OUR EA Quick Message
WANT TO LEARN MORE, SUBSCRIBE TO…
Entrepreneur's Weekly Wealth Digest
EA's 3 Minute Success Videos
NOT READY TO COMMI T TO MORE CONTENT, THAT’S OKAY LET’S CONNECT SOCIALLY:
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. This article is for informational purposes only and should not be relied upon as a basis for your investment, business, or personal financial decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing any new tax, legal, or investment strategy.
Let’s not bury the lead, yes you do need a valuation for your business, but perhaps not for the reasons you would think. Most of us think of a small business valuation as an event that typically comes right before a transaction, similar to a home appraisal at the time of sale. However, a business valuation is actually a tool to allow you to gain insight about the drivers of your equity value so that you can make better decisions and increase that value. We will get into the tactical elements that drive valuation and discuss why tracking business equity value well in advance of any sale adds significant value for owners. For the majority of us who own and operate small businesses, the equity value of that business is the largest asset on our personal balance sheet and drives the majority of our cashflow. This is why this episode is a must listen!
Have a question or simply want to talk more about valuing your business? We’re here to help.
GET IN TOUCH WITH US DIRECTLY BY USING OUR EA Quick Message
WANT TO LEARN MORE, SUBSCRIBE TO…
Entrepreneur's Weekly Wealth Digest
EA's 3 Minute Success Videos
NOT READY TO COMMIT TO MORE CONTENT, THAT’S OKAY LET’S CONNECT SOCIALLY:
Connect on LinkedIn.
Follow on Twitter.
Follow on Instagram.
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Every business will transition to new owners at some point. Creating your vision for that transition well in advance sets you up for success. Success means that the business passes to the next owner or owners on your schedule. Success means that your role is exactly what you want it to be throughout the transition. Success means that you realize full value for what you have created. Success also means that if life changes along the way you can change your plan and still get the outcomes you want.
In this episode we dive into the 5 key components of an exit strategy for small business owners which includes: the timeline, your time commitment, your primary objective, who the acquirer will be, and the structure of the deal.
Have a question or simply want to talk through your exit vision? We’re here to help.
GET IN TOUCH WITH US DIRECTLY BY USING OUR EA Quick Message
WANT TO LEARN MORE, SUBSCRIBE TO…
Entrepreneur's Weekly Wealth Digest
EA's 3 Minute Success Videos
NOT READY TO COMMIT TO MORE CONTENT, THAT’S OKAY LET’S CONNECT SOCIALLY ON…
Connect on LinkedIn
Follow on Twitter
Follow on Instagram
DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy.
Tiffany and Jarrod discuss Dogecoin and Ethereum in relation to Bitcoin and other cryptocurrencies.
What this episode is about: Insightful conversation with perspectives, observations and questions about Dogecoin and Ethereum
- Successful Sip [1:08]
- Introduction of topics: Dogecoin, Elon Musk and cryptocurrency, with Tiffany’s viewpoints, comments and questions [2:20]
- Jarrod’s thoughts and queries about cryptocurrency and an observation and analogy of Dogecoin being “more Gamestop than Tesla” [5:20]
- Analysis of Elon Musk’s promotion of Dogecoin and the idea that cryptocurrency is perceived as “easy money” and “counter cultural” [7:42]
- Perspective that buying Dogecoin is part of an identity or a way for people to express an opinion, and from an investment standpoint, one of the less-secure block chains [10:00]
- Discussion of Ethereum transferring from a “proof of work basis to a proof of stake basis” and how its underlying economics are changed because of this [12:48]
- Explanation of the terms “forking” (copying code to a parallel chain and naming it something else) and “gas fees” (burning of Ethereum) [16:29]
- Description of the continuum from basic to complicated, with Bitcoin at one end and Ethereum at the other [18:58]
- Opinion that Bitcoin feels more sustainable than Ethereum, and what-if scenarios for the future of these types of currencies [20:49]
- Conclusion and emphasis on evaluating the full picture if you find that you have stress and emotion around this topic, which could be due to a lack of knowledge. Invitation to contact Entrepreneur Aligned with questions [26:15]
Connect with Entrepreneur Aligned:Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Twitter: https://twitter.com/Entrepreneur_EA
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/See omnystudio.com/listener for privacy information.
Tiffany and Jarrod talk about President Biden’s initial round of tax changes.
What this episode is about: A general discussion on President Biden’s initial round of tax changes, how they may impact entrepreneurs and how entrepreneurs can plan for the potential developments ahead.
- Successful Sip [1:08]
- Introduction of the topic of President Biden’s initial round of suggestion for tax changes [2:23]
- Discussion of the elimination of the ability to exchange real estate without tax and how the 1031 exchange might be on the chopping block for amounts over $500,000 of gain [3:44]
- Conversation about how capital gains will be taxed at ordinary income above one million dollars. If the proposal is adopted as passed, it could effectively double the applicable tax rate from its current status [6:57]
- Dialogue about the top marginal rate going up from 37% to 39.6% [9:22]
- Discussion of how these changes may likely take effect for January, 2022 and how now could be a good time to get the deal done that you may be on the fence about [10:39]
- Thoughts from an estate planning perspective, the elimination of the step-up on cost basis at death and how currently, heirs do not pay capital gains tax. Example using Apple stock [11:55]
- Discussion about other changes: applying 3.8% Medicare tax to income over $400,000 and additional resources to increase audits for households that are over $400,000 [13:44]
- More emphasis on capital gains as ordinary income and what you can do about it this year and in future years. Strategies and considerations. With whom do you connect on your personal board of advisers to help with planning around the possible, proposed changes [15:55]
- Touching upon qualified small business stock and emphasis on checking to see if you qualify as “exempt” as the law is currently written [16:48]
- Conversation about checking with your CPA for a reorganization of your cap table, with an eye toward 2022 tax compliance [17:53]
- Discussion of installment sales to get the capital gains treatment, examples given [19:59]
- Thoughts on now being the time to get on CPA calendars for late May and early June to start looking at some of these issues and to reach out so that you feel informed and aware [22:23]
Connect with Entrepreneur Aligned:Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Twitter: https://twitter.com/Entrepreneur_EA
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/See omnystudio.com/listener for privacy information.
Tiffany and Jarrod talk about how entrepreneurs can best decide how to leave a lasting and impactful legacy.
What this episode is about: How to be impactful, fulfilled and generous with your success while being allegiant to your wants instead of society's “shoulds”.
- Successful Sip and introduction of the topic of Impact and Legacy [1:08]
- Broader discussion of topic - thinking about “what’s next” and making your time, knowledge and money more impactful [2:37]
- Dialogue about societal and social expectations and questions such as, “What does it mean for me to be impactful?” [4:47]
- Conversation about how many people struggle with new phases in life after achieving entrepreneurial success and their fears that they’ve reached their peak and have given all that they can - examples using successful entrepreneurs and professional athletes [7:11]
- Discourse on how to dig into what is going to create satisfaction and significance for you in this next phase. Discussion of the concept of “via negativa” to help eliminate options by first figuring out what you don’t like doing [10:28]
- Examples of people taking the next step in ways that are less traditional and more about fulfillment and impact. Discussion of thought organization by categories of time, energy, attention and capital [13:50]
- Further conversation and review of a past podcast episode about Mike Hersch and how he wanted to impact the next generation and leave the world a better place than when he found it [19:16]
- Review of a common trait of entrepreneurs wanting to “pay it forward” and dialogue about how entrepreneurs can create massive amounts of impactful opportunities for many [22:38]
- Wealth planning emphasis on the idea of enjoying your success while you’re alive, using an example of annual spending for large family vacations [25:14]
- Discussion of what Entrepreneur Aligned can do for entrepreneurs at any age and stage of life when they’re questioning, “What’s next?” with their one life to live [27:56]
- Conclusion and contact information [29:14]
Connect with Entrepreneur Aligned:Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follon on Twitter: https://twitter.com/Entrepreneur_EA
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/See omnystudio.com/listener for privacy information.
Tiffany and Jarrod have a conversation about CPA relationships and discuss tax forward planning and compliance case studies.
What this episode is about: Benefits of working with CPA teams on tax forward planning and compliance. Examples and case studies to illustrate these points. The power of consulting experts.
- Welcome and Successful Sip [1:08]
- Introduction of the topics of tax forward planning and compliance and the differences between them. Examples of questions from entrepreneurs to their CPAs and conversation about the benefits of working with a CPA group. [1:58]
- The good news about hiring a CPA in regards to delegation of time and a CPA’s expertise in understanding line items and tax law compliance. [6:21]
- Dialogue featuring case studies and instances where tax planning has added value to entrepreneurs, i.e. the use of qualified small business stock. [7:13]
- Conversation featuring an example of the importance of planning and making sure that you’re collaborating among different professionals where tax, legal and financial matters intersect. [10:18]
- Discussion about the importance of delegation and visiting your CPA with ideas if you find yourself in the middle of several experts communicating legal, tax and financial advice. [13:45]
- Equipment purchases
- Reorganizations and restructures
- Accounting for expenses (S corporations)
- Scaling for size of the company [14:34]
- Emphasis that tax planning is not only for major events and examples of other things to plan for:
- Discussion of partnerships and how to have someone buy in, for example. Dialogue about the value of “not being the expert and calling on the experts.” [18:31]
- The power of a personal board of advisors [20:45]
- Conversation of the complexity of tax code as a tool of control and how it's unrealistic to think you have a full understanding of it as it exists now and changes in the future. Emphasis on finding a team to help you translate it and use it to your advantage and give you peace of mind. [22:05]
- Final thoughts: If you aren’t getting the answers you need from your CPA, it may be time to reevaluate that relationship and find another who is more “planning forward”. There are lots of great teams out there. [24:37]
- Conclusion and contact information [25:34]
Connect with Entrepreneur Aligned:Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follon on Twitter: https://twitter.com/Entrepreneur_EA
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/See omnystudio.com/listener for privacy information.
Tiffany and Jarrod discuss current entrepreneurial trends and lessons learned.
What this episode is about: The types of CPA to serve you best, whether you’re willing to pay for that advice and the effects of COVID-19 on investing, tax residency and long-term office leases. Other topics discussed are purchase offers for entrepreneurial businesses and the benefits of having a personal board of advisors.
- Welcome and Successful Sip [1:08]
- Introduction of topics - recent entrepreneurial trends and things we’ve learned in the past month [2:23]
- Discussion of current trends in CPA-themed conversations about taxes, planning and compliance [3:26]
- “What type of CPA do you need to serve you now and are you willing to receive and pay for advice?” Discussion of how the trend is that yes, entrepreneurs are willing to pay for this service to help them pan versus only worrying about compliance [5:07]
- More consideration about how CPAs handle much more complexity than private bankers and can help you to make the jump from compliance to planning forward. Thoughts on interviewing a CPA as you would an advisor or attorney [8:20]
- The perfect time of the year to work on your relationship with a CPA [10:57]
- Further dialogue about current entrepreneurial trending topics - lessons regarding taxes and COVID-19, tax residency and potential business migration from higher tax states to lower or no-income tax states (or even out of the country) [11:48]
- Conversation about COVID-19’s influence on the traditional office space in comparison to remote-working, post-pandemic trend shifts in lease negotiation and how businesses are thinking about pouring money from what previously was spent on office space leasing into other line items for their businesses (taking a 10 year lease down to a 2 year, for example) [14:56]
- Thinking about what will happen to a wide array of commercial real estate in the next three to four years and how spaces might be used differently in the future [18:49]
- Trend talk about how many entrepreneurs are receiving multiple purchase offers for their businesses [19:36]
- Tie back to recent investing observations that the United States has now created $6 - $7 trillion dollars through direct payments and PPP and EIDL programs for small businesses - paired with super low interest rates, there is a huge demand for assets [20:47]
- Discussion of this unusual time period where there could be tons of inflation or this could be the end of a very long economic expansion - maybe now is the time to think about this period as a sellers’ market [24:05]
- Dialogue about lessons learned this past month regarding helping clients through their tax residency checklists (using a move to Florida as an example of how to do your due diligence) [25:02]
- Thoughts on having a personal board of advisors in order to avoid failure points that exist when your advisors are not in touch with one another - importance of consistently bringing the advisor group together [27:45]
- Conclusion and concept of “vision without execution is hallucination”. Emphasis on having the right people and making sure they talk to each other. An ask for feedback from listeners [31:32]
Connect with Entrepreneur Aligned:Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/See omnystudio.com/listener for privacy information.
Tiffany and Jarrod discuss the pros and cons of cryptocurrency and its merits as an asset class.
What this episode is about: An overall summary of cryptocurrency, its positive and negative aspects and how it may redefine the future of finance.
- Welcome and Successful Sip [1:08]
- Introduction of the topic and an overview of cryptocurrency’s merits as an asset class, its use cases, its pros and cons, its associated risks, its opportunities and whether it will sustain its current momentum [4:19]
- Cryptocurrency pros and cons and a recommendation of a Tim Ferris podcast to aide in this analysis [7:26]
- Definition of Bitcoin, explanation of why it has value, explanation of the term “mining” in reference to it and and explanation of how and why it is a scarce good [8:59]
- Example using the mental image of an insect being sealed in layers of amber to explain Bitcoin ledger entries and security. Discussion of how its economic value is a result of scarcity due to security challenges [11:35]
- Discussion of Bitcoin as another store of value, its method of exchange and the pros and cons of its accounting method [13:16]
- Analysis of other cryptocurrencies such as Ethereum, which is designed to use different types of logic to allow what are called “smart contracts” for things like life insurance and property records. Do we need third party validation from the Federal Reserve and banks to agree on these types of records? [15:07]
- Discussion of cryptocurrency as a bearer asset and the drawbacks of instantaneous money sending. Refresher on bearer bonds as a way to illustrate that the loss of a Bitcoin “wallet” can have the same result as a bearer bond blowing out of your hand while walking down the street [16:08]
- Emphasis and gratitude for taking a moment to listen and learn about cryptocurrency with an open mind [18:58]
- People interested in more efficiency of transactions
- Speculators
- People who are curious and want to hop on the bandwagon
- People who are looking at price movements and very short time periods [20:04]
- Dialogue about cryptocurrency risks due to lack of regulation. Discussion about the vast variety of people interested in owning it and their reasons for doing so:
- Entrepreneur Aligned’s view of Bitcoin as a speculative asset with potential for tremendous upsides and downsides [24:49]
- Further discussion of the pros and cons of Bitcoin [26:17]
- What now? Where are we now with cryptocurrency? Discussion of possible outcomes and the idea that “money is a unit of labor that is frozen in time” and how that relates to cryptocurrency. Assertion that Bitcoin “could be our gold” in the future [32:19]
- Analysis of the speculative nature of investing in cryptocurrency and the idea that whatever one invests should be a small amount of their wealth, as in “the amount of money you could burn in your backyard without an emotional reaction” [36:37]
- Conclusion and emphasis that this podcast is not investment advice. Final thoughts on how cryptocurrency technology may create more efficient and free financial lives in the future [39:04]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Tiffany and Jarrod discuss how entrepreneurs should think about investment planning and key elements to focus on when analyzing investment plans.
What this episode is about: Entrepreneurs can be creative with their investment planning, and their investing style should enable their lifestyle.
- Welcome and Successful Sip [1:08]
- Introduction of the topics of investment planning, placing business equity at the center of an investment plan and analyzing how entrepreneurs should think of investment [2:37]
- Discussion of the point of investing, whether your investing style enables your lifestyle, the core pillars to your investment plan and how often to review them [5:34]
- Understanding cash flow, asset values and risks
- Understanding your expectations
- Making sure you’re emotionally prepared for inevitable investment failures [6:27]
- Dialogue about having an annual evaluation of your business equity to cover these topics:
- Thoughts on how to prepare for your strategies if an opportunity doesn’t align with your investment plan and a question, “What’s your thesis?” Analysis of these topics using an example of a home purchase in Vancouver [8:53]
- Discussion of managing short term and long term goals by backing into them and examples of being proactive and creating a roadmap to your plan [12:12]
- Emphasis on understanding that investment planning is different for entrepreneurs (as compared to W2 workers) and that they can be more flexible and creative with their equity at the center of their entire strategy, with large and variable cash flows [13:57]
- Discussion of the uniqueness of each entrepreneur and how each one’s plan has more flow, complexity, risk and individuality [16:14]
- Analysis of how each entrepreneur’s need for cash and cash equivalents are also unique - various examples of this and dialogue about having good liquidity planning and cash flow maps [18:25]
- How often should you review all of this? [21:22]
- Your stage of life or unexpected big transaction can change your plan and also trigger a review. Thoughts on balancing personal life with entrepreneurial life [23:28]
- Your investment plan is a tool to serve you
- Don’t look to outside sources such as the financial media for advice [26:21]
- Takeaways:
- Conclusion [28:40]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Tiffany and Jarrod discuss how to be mindful of good and bad habits and how to use those observations to create a system for success to achieve important goals.
What this episode is about: Attitude and Action - It's not only about having great ideas, it's about accomplishing them!
- Welcome and Successful Sip [1:08]
- Introduction of topic and discussion of the importance of a system for success that exceeds the task [3:48]
- Clarity and Elevated Thinking: first steps before focusing on system creation [6:23]
- Revenue does not always equal capital: your greatest revenue producing activities and assets and thoughts on how you focus on them [6:55]
- Be clear on your goal, put systems and structures in place to support it and practice key behaviors and activities that support your efforts [10:27]
- Discussion of defining behaviors that support success and the key behaviors and activities that limit success [12:20]
- Mention of James Clear’s “Atomic Habits'' as a resource for enabling habit formation and change. Discussion of the idea that success isn’t an event, but a habit [12:48]
- Reinforcement of the concept of using systems, habits and awareness to figure out what you actually have to execute to reach your goal [14:38]
- Example using smart contract functionality for an accountability peer group to help people reach their goals [16:52]
- Know how you are motivated [17:50]
- Understand the ways you self sabotage and examples of Tiffany and Jarrod’s accountability methods and practices [19:24]
- “Make good habits part of your identity” discussion [27:28]
- Conclusion and Entrepreneur Aligned contact information [30:26]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss how to organize, list and review your personal principles.
What’s Discussed in This Episode: Tiffany and Jarrod focus on how to identify personal principles and use individual case studies and methods as examples.
- Welcome and Successful Sip [1:08]
- Topic introduction and case study walk through [2:39]
- Explanation that the first step to define who you are and when you’re the best version of yourself is to physically and mentally be in a peaceful environment [3:22]
- Discussion of the significance of being in a place of inspiration to help one settle into creativity and that appearance and apparel can also help to create a time and place to acclimate into deep thoughts. Description of Tiffany and Jarrod’s personal preferences for creating a work space [4:53]
- Describe who you are when you’re at your best
- What makes you happy and proud
- What and why were events meaningful in your life
- Dig deep and make lists
- “Brain dump” on paper in order to see connections [9:07]
- How to start working on principles:
- A reminder to highlight and examine when you were not at your best self and to note that this exercise is for information and not judgement [11:10]
- Listing elements of who and when you are both at your most positive and not: attributes, actions, relationships/associations, health [13:42]
- Refining commonalities and what resonates with you on an emotional level [16:40]
- Exploration of personal agency as another type of guide [18:20]
- What to do with your list once you’ve made it and emphasis on revisiting it and not forgetting it as your priorities shift over time [20:35]
- A discussion of how to review and examine if your calendar reflects what you listed as important and how to take note of your capital structure when you’re at your very best [25:21]
- Conclusion and Entrepreneur Aligned contact information [26:44]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss timing things from the world and in the annual calendar for most entrepreneurs.
What’s Discussed in This Episode: Tiffany and Jarrod talk about timing and planning annual calendars for entrepreneurs and have a tactical discussion about Paycheck Protection Program (PPP) loans and paying attention to cash flow and appreciation.
- Welcome and introduction of topics [1:08]
- Successful Sip [1:50]
- Discussion of the amount of lead time necessary to get tax documents to your CPA at this time of year and the importance of getting on their calendar [6:58]
- Conversation about how this is a good time to block time on your calendar for the upcoming year for vacations/staycations for both yourself and your team and the benefits to you and your team in planning around those times [11:11]
- Jarrod reviews the 3to5 Club which teaches a method of enabling one to be able to walk away from their business for three weeks and it not implode [15:27]
- Tactical thoughts on the extension of PPP lending and why to talk to your CPA team about this [17:20]
- Discussion of asset prices for real estate, equities, and cryptocurrencies and the importance of sticking to your investment plan and how this is a good time to check in with your plan [18:32]
- Emphasis on paying attention to the cash flow side of equations and not just the appreciation side of them, and understanding how cash flows in your world [20:46]
- “That’s what makes a market.” Review of how different viewpoints about the same asset at the same point in time work together to create a market [23:08]
- Thoughts on the number one rule of investing and the importance of having unbiased partners and advisors [23:53]
- Conclusion: While looking at your calendar, find the partner and planning time for your overall wealth management plan of attack [25:34]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss setting yourself up for success in 2021 by turning your challenges & frustrations into lessons.
What’s Discussed in This Episode: Tiffany and Jarrod discuss ROI for 2020, goals and intentions for 2021 and compass setting for the upcoming year.
- Welcome and Successful Sip [1:09]
- Reflection on challenges and frustrations from last year and moving forward [3:10]
- Make a list of challenges and frustrations and look for ways to find gratitude for each one. “With peace and gratitude comes the lesson, which allows for the uplevel.” Discussion of learning through challenges and applying that knowledge in 2021 [3:58]
- Review of the costs of compromise and how not to backslide during times of challenge [5:54]
- Discussion of costs of compromise examples, corrections and solutions moving into 2021 [7:59]
- Discussion of “Via Negativa - The Negative Way” and the power of listing and verbalizing things that didn’t serve you in the past year. Thoughts on how the new year is not the only time of the year that one can set goals and intentions and feel gratitude [10:41]
- Looking forward
- Where we came from [12:55]
- Looking at goals through two perspectives:
- June 30th fiscal year start and end
- New goal year doesn’t have to be January
- Understand and refresh core principles
- Ben Franklin’s “13 Virtues” discussion
- Integrate our aspirations with our identity [14:41]
- Jarrod’s principles and guiding lights:
- Mention of Jarrod’s upcoming book and how he integrates goals into actions to generate forward momentum [17:58]
- Categorize goals discussion [20:32]
- Conclusion and mention of goal categories pdf download at https://entrepreneuraligned.com/uploads/files/Commit_to_Yourself-v1-1.pdf [22:55]
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss understanding forecasted balances better in order to avoid stressful shortfalls and missed opportunities.
What’s Discussed in This Episode: What are the best investments you’ve missed out on because you didn't have cash available? What have you had to pass up on in your personal life because you didn't have cash? Personal anecdotes and a real-world example are given in order to represent how rolling forecasts for cash needs let you keep less in cash and have more for better uses.
- Welcome and introduction of topic and case study [1:09]
- Successful Sip [1:41]
- What are the best investments that you’ve missed out on, because you didn’t have cash available?
- What did you have to pass up on in life, because you didn’t have cash available?
- January cash flow discussion and two question that people need to consider about cash and why holding it matters [2:40]:
- Observations on how if you’re always over-optimized to have every dollar invested in your company, you don’t have the ability to say “yes” to travel, for example [9:25]
- Discussion of “a process of saying “no” to the good so you can say “yes” to the outstanding” [11:27]
- Overview and analysis of a case study about a family who missed out on their ideal house because they didn't have enough assets for their $2.5M dream home when it became available on the market [13:25]
- Answer the question of, “How do we make sure this doesn’t happen again?” [15:35]
- Specific details of cash flow mapping and what-ifs in regards to business capabilities to deliver personal wealth, exit transactions, trade-off analysis and time and tax obligations [16:41]
- Setting mental guard rails to when you can consider saying “yes” to your plan [21:01]
- Examples of client processes and key factors in helping entrepreneurial clients make their best investments [21:34]
- Summary and discussion of planning and key “yes and no” factors to help you have the cash on hand so you can say “yes” to the things that are right for you and yours [25:11]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss cash flow tracking and foundation setting for the year ahead.
What’s Discussed in This Episode: How to reconcile zero percent interest rates and the need to keep cash. With interest rates on deposits at or near zero how should we keep our liquid reserves?
- Welcome and Successful Sip [1:09]
- Introduction of episode themes of cash, reserve requirements, federal funds rate and interest rates [2:17]
- Federal funds rate explanation and discussion of interest rate policy and rates for borrowing and lending [4:01]
- Client context discussion regarding how much cash they should hold and how they should think about cash on deposit when it’s not earning anything. Can consider it “paying a premium for access and less stress”. [5:30]
- Online savings accounts and the trade-off between fewer versus more accounts and how this serves you. Discussion of how this is a personal decision. [7:13]
- Holding cash longer than six months and how to think about getting a little return on it by short term treasuries, for example. “What’s the pain versus the gain?” [8:56]
- Holding cash
- Inflation concern
- Securing return on your business
- Holistic viewpoint importance
- Expectation setting perspective on providing backup and insurance. [10:55]
- A mental calibration regarding personal finance knowledge base versus business finance knowledge base [12:11]
- Discussion of how Entrepreneur Aligned is customized to the needs of an entrepreneur who has opportunity to work money in a different way [14:08]
- Affirmation invitation to reach out to Jarrod or Tiffany about being an entrepreneur and holding cash. Description of the Entrepreneur Aligned Insights page at www.entrepreneuraligned.com. [15:38]
- Closing: Recognizing the problem that is zero percent interest rate for generating returns and discussion of taking on debt responsibly and utilizing it at current low rates. [17:35]
- Discussion of SBA Loans and responsible leverage. [19:33]
- What are the best things you can do today to be able to position yourself?
- Conditions always change - as do opportunities to adapt.
- Even if losing money to inflation now, this moment is not forever.
- Takeaways regarding reconciling zero percent interest rates and thinking about cash [21:17]
- Conclusion and contact information [22:53]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss cash flow tracking and foundation setting for the year ahead.
What’s Discussed in This Episode: January is the time to assess your resources and needs for the year to come. Figure out where you are before you start to move and analyze some common myths regarding cash.
- Successful Sip [1:08]
- Knowing your high and low watermarks
- Cash flow mapping
- Running scenarios to make sure you’re recoverable
- Analyzing your big inflow and outflow events
- Setting your baseline for the year ahead and brief explanation of behind the scenes at Entrepreneur Aligned regarding cash, cash flows and projections [3:30]
- Walk through of processes and inform listeners about Entrepreneur Aligned Roadmap [5:52]
- Discussion of January’s analysis of cash/liquidity and personal finance needs for the year ahead and a discussion of initial baseline settings [6:22]
- Growing and upleveling 2020 ROIs for 2021 and the different benchmarks for personal versus business. “What do I need and what do I feel comfortable with to sustain my business?” [8:31]
- “How do we become wealth managers of our business and who helps us with this management?” [9:42]
- Discussion of revenue disruption and organizing business reserves, cash and/or cash equivalents [10:54]
- Loan covenant provisions reminder [12:20]
- Knowing when your big inflow and outflow events are occurring and the use of spreadsheets [13:04]
- A look at probabilities and scenarios based on available cash flow, what ifs, planning conversations, best uses of capital and planning to avoid impulse decisions [14:29]
- Behavioral finance discussion - benefits of planning to combat emotions [16:56]
- Myth in thinking about things related to cash and weighing and balancing holding cash, inflation and the emotional damage of not having enough cash [18:47]
- Holding cash versus having it available and knowing your capital stacks and your access to them [22:04]
- Second myth, “Anything that isn’t cash doesn’t count as cash.” Discussion of liquid investments and evaluation of risks [24:57]
- Conclusion and contact information [27:58]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss business mindset moving forward into 2021, how to remove the things that aren’t in service for us and how to step into things that are.
What’s Discussed in This Episode: Mindset - Reflecting on Last Year and Setting Intentions for the Year To Come
- Intro and Successful Sip [1:09]
- Mindset going into next year - take a moment to close up what is in the past [2:40]
- Start with reflection. What are the best things about you? Your challenges? Give yourself space to resolve and close these things. [3:30]
- Writing vs. talking as tools to help improve thinking, celebrate wins and to help let go and move forward [4:29]
- Example of redefining words such as “productivity” [8:06]
- Example of reframing concept of Imposter Syndrome [8:42]
- Other tools for reframing and redefining high-level thoughts when reflecting on the past year [7:38]
- Failure as a form of “paying tuition” [10:28]
- Rephrasing how you define success (numbers vs. mission) [11:24]
- Reflection on the past, wrapping it up and setting intentions [13:09]
- The power of three. “If you have too many priorities, you have none.” [15:21]
- Strategy awareness - be mindful of distractions. [16:45]
- Summary and recommendation of Atomic Habits by James Clear [19:20]
- Final points: TIME, ENERGY, PRIORITY, CAPITAL [20:37]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
What can we learn from the Financial Independence, Retire Early (FIRE) movement? Entrepreneur Aligned’s Jarrod Musick and Tiffany Charles discuss prioritizing spending, what actually leads to happiness, affordable extravagance and social signaling.
What’s Discussed in This Episode: Spending money should make you happier. If not, you’re doing it wrong.
- Welcome from Jarrod introducing the topics of prioritizing happiness in your spending and the FIRE movement [1:09]
- Successful Sip [1:57]
- Introduction: Contrasting extreme versions of the FIRE movement with less extreme versions and introducing the concept of happiness spending vs. social signaling spending [3:08]
- Discussion of The Happiness Hypothesis by Jonathan Haidt and three core tenets that make us broadly, as humans, happy [4:20]
- Thoughts on personal agency as a “happiness guardrail” [5:21]
- Where to start prioritizing spending based on happiness using example of where you choose to live [5:57]
- The importance of what you choose to do inside of your days [7:06]
- Examples of spending for social signaling and how buyers remorse is a good indicator [11:20]
- Defining ways to identify needless social spending and learning to question, “Am I doing this spending in service of what? At what cost?” [13:04]
- Looking at purchases from a “30 days later” viewpoint [16:02]
- Discussion of social signaling in your chosen group while balancing their norms [16:50]
- The difference between explaining and justifying your spending [19:30]
- Lessons from the FIRE movement [20:00]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
Entrepreneur Aligned’s Tiffany Charles and Jarrod Musick discuss your very best and most interesting financial opportunities for next year. Be proactive in looking at your foremost investment opportunities for 2021.
What’s Discussed in This Episode: Financial Opportunities for Successful Entrepreneurs in 2021
- Welcome from Jarrod introducing seven areas of opportunity for growing equity and capital in 2021 and what they, professional partners and other clients are most excited about [1:08]
- Successful Sip [2:05]
- Lead into topics. “Building wealth marches forward” and discussion of Morgan Housel’s Psychology of Money, compounding, Warren Buffet and owning/gaining leverage [4:03]
- Best place to start is “Investing in your business and letting go of the things that have stopped shining”. Low costs of capital. [5:27]
- Acquiring competitors [7:25]
- Investing in private business, venture capital, private equity and looking to peer groups. [9:18]
- Real estate. Consider diversification, think about cash flow, your time and attention. Owning vs. renting. [11:40]
- Public markets. Reflecting on 2020/COVID and thinking forward. Building equity from a macro level. Discussion of liquid public markets. [14:08]
- Spending to maximize enjoyment in order for “success to feel satisfying”. Costa Rican remote learning example of optimizing for happiness reasons. [17:29]
- Specific COVID spending for different travel, second home purchase or season rental. [20:26]
- Takeaway: summary of top seven financial opportunities for 2021 and conclusion [22:01]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
We are in the final month of 2020, but there are still a few key things to pay attention to in order to finish out the financial year in a good position. This podcast discusses tax withholding and safe harbor amounts, potential tax loss harvesting and end-of-year equipment purchases.
Resources: Bonus PDF attached, Commit To Yourself in 2021 Pledge.
What’s Discussed in This Episode: Literacy/Tactical: Top 3 Checklist Items to Finish the Financial Year Strong
- Intro
- Successful Sip [1:55]
- Safe Harbor Levels - avoid penalties on underpayment of taxes. [2:47]
- Two levels: 110% of last year’s taxes and 90% of what you should have paid last year [3:30]
- Emphasis of working with and referring CPA’s who think holistically. [4:20]
- Holistic view example - a dish with lots of ingredients
- Collaborative process with your CPA
- Work together to realize opportunities in losses - utilize them to restructure, repurpose and refine [6:24]
- Tax Loss Harvesting with your CPA [4:46]
- Equipment purchases/large expenditures at the end of the year. [7:30]
- Service business example using a sample tech company [7:50]
- COVID environment example/strategy considerations [8:55]
- Summary of points made and benefits of being an entrepreneur and looking at the tax picture for next year - choosing your timing, having control. [9:46]
- Takeaway - Hit these big ticket areas avoid some tax and help movement/gains/outlook into new year [10:51]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
In this episode, Tiffany and Jarrod discuss a system to overcome tension when choosing estate planning roles. Estate plans ensure that you’ve taken care of your family, company or team. To do this we need to have conversations with our partner regarding who should be assigned the various important roles in your estate plans. This type of conversation can be difficult to have with family and friends while avoiding friction. Even so, it is important to set yourself up for success to define your intentions.
FOCUS: Why is there resistance to estate planning and continuity planning and how to overcome those obstacles.
What’s Discussed in This Episode:
- Story: We don’t agree, so we do nothing [Intro]
- Steps to best set yourself up. [4:15]
- Where do we start? Value & Vision, because when these are clear, decisions are easy. [4:22]
- Step One: Write your values and vision and what traits are important for your guardian to employ (kindness, curiosity, value transfer to children, location, education and activity, for examples) [4:54]
- Step Two: Prioritize values to help further whittle down the list of candidates. Writing this list out helps to formulate your thoughts and emotions on paper prior to the actual conversation. [6:38]
- Think about people in your life who are most aligned with your values and most equipped to manage the responsibility of their role.
- Write names and why. Don’t be afraid to explore past your family.
- Take into account practical matters: location, age, health, finances, etc…
- Step Three: Make a list of candidates. [8:50]
- Decisions are not irrevocable. It’s more important to make a decision than to not.
- Consult an attorney for additional advice.
- Step Four: Overcome the impasse. [12:53]
- Once you choose, make sure the person/people you selected are willing and able to serve.
- Tell them why you chose them, make sure they understand what their roles entails, and give space for them to think it over.
- Step Five: Have a conversation with your chosen person. [15:48]
- Entrepreneur Aligned helps clients overcome procrastination or feelings of being overwhelmed by this lengthy, involved process.
- Attorneys are helpful, and Entrepreneur Aligned can help put you in front of one.
- Step Six: Get the documents in place! [16:48]
- Conclusion [22:03]
Don’t wait until it’s too late and tune in to this episode now!
Resources:
- Entrepreneur Aligned Four Key Roles In Estate Plans That Work (https://entrepreneuraligned.com/insights/four-key-roles-in-estate-plans-that-work)
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
As entrepreneurs and business owners, it is important to think about the future of your loved ones and business in the case that the unthinkable happens. In this episode, we discuss estate and continuity planning. Our conversation takes us into the details of how to avoid failure points and the options, stages, key roles and steps to consider when it comes to estate planning.
Don’t wait until it’s too late and tune in to this episode now!
Resources:
- Entrepreneur Aligned Four Key Roles In Estate Plans That Work (https://entrepreneuraligned.com/insights/four-key-roles-in-estate-plans-that-work)
What’s Discussed in This Episode:
- Roles You See In Estate Plans [02:18]
- Beneficiaries [3:03]
- Trustees [4:45]
- Power of Attorney [5:36]
- Executors [6:24]
- Guardians [8:23]
- Key responsibilities in estate plans [2:54]
- Traits to consider in key roles [9:30]
- Talking to family about estate plans [12:15]
- Set up trustee for success [17:01]
- Medical and Finance Power of Attorney traits [19:37]
- Traits to consider in guardians [22:26]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
With the world rapidly changing and evolving, you would never know what’s waiting for you in the next corner. As entrepreneurs and business owners, it is just as important to think of yours and your business’ future as it is to think about its current direction and milestones. That hasn’t become more relevant and important before than now.
In this episode, we discuss the opportunities inside your business and estate legal structure created by rapid changes in asset prices and interest rates. Our conversation takes us into the details of how to maximize the current financial conditions to accomplish your estate planning goals and how to get ahead of potential changes in the estate tax exemption amount. We also discuss how every financial and tax year is unique and how consistently reviewing your legal structure helps you accomplish your goals.
Don’t wait until it’s too late and tune in to this episode now!
About Our Guest:
Sarah Ehrhardt is the Co-Managing Partner at Michael Best Denver Office. She specializes in Estate Planning and Wealth Management and has built strong client relationships over the past few years. In 2013, she was awarded the Leadership Excellence Award at the Financial Planning Association of Southern Wisconsin.
Resources:
-
Destiny Capital (https://www.destinycapital.com)
-
Reach out to Sarah Ehrhardt (https://www.michaelbest.com/People/Sarah-Ehrhardt)
What’s Discussed in This Episode:
- Changes in estate planning and estate tax thresholds [04:12]
-
- Will there be negative impacts due to possible shifts in estate planning? [10:26]
- Gifting of closely-held family businesses and gift tax exemptions [14:31]
- Estate valuation in 2020 [18:52]
- The AFR as an asset transfer strategy [21:52]
- Setting up trusts for minors [27:01]
- What current shifts in the estate planning mean for childless entrepreneurs [31:16]
- Charitable lead trusts as a tax reduction strategy in 2020 [32:45]
- Sarah’s advice to entrepreneurs [37:52]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Good and bad things happen in life. It’s a perpetual cycle that everyone goes through without exception. But what’s worse than a rainy day other than not having an umbrella on hand to protect you? Not being able to get out of the rain.
In this conversation, we discuss the importance of incorporating changes in your life, your team, and your needs into your business continuity planning. We discuss why business continuity plans should be living documents that evolve over time and how to create a vision for your ideal business exit even if you are 40 years away from that sale. We also discuss why keeping your spouse involved in both continuity planning and business exit conversations creates better outcomes.
Don’t let your business be crippled by an unexpected turn of events. Tune in to this episode now!
Resources:
- Key Components Of Business Continuity Planning - https://entrepreneuraligned.com/insights/key-components-of-successful-business-continuity-planning
What’s Discussed in This Episode:
- What is a business continuity plan and how do you draft one? [03:11]
-
- Step 1: Take into account the people within your business [04:58]
- Step 2: Consider the people outside your business [07:04]
- Step 3: Check how the business fundamentals has shifted [10:45]
- Discussing the exit strategy with your spouse [14:46]
- Planning your business exit strategy [12:43]
- Case study examples and the look fors in drafting a continuity plan [16:01]
- Things to check in planning your exit strategy [23:54]
- Going back to your personal and business goals [26:46]
- Positioning your tactical pieces correctly [29:21]
Connect with Entrepreneur Aligned:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook
Connect on LinkedIn
Follow on Instagram:
See omnystudio.com/listener for privacy information.
There is no quantifiable way to define and measure success because of its ever-changing nature. What we thought of as success ten years ago may vary greatly from what we perceive as success today. With its fluid nature, it comes to no surprise that you need new skills and strategies to keep on succeeding.
In this episode, we discuss how the skills that help you build wealth aren't the same skills that help you protect it while you continue to grow. We discuss the tangible approaches you can use to be adaptive and cultivate a grow and protect mindset for the next chapter in your business and life.
Keep aiming for greater successes. Tune in to this episode now!
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- Fear-based mindset as a starting entrepreneur [01:43]
- Shifting the goalposts and assessing the financial aspect of success [04:09]
- How can you maintain your high watermark? [07:39]
- The continuous shift of our visions of success [09:54]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
People are always risk-averse by nature. So we tend to veer away from those financing options that pose greater risks and stay on the safer, less-riskier ones even if it means limiting our lending options. However, if you equip yourself with the right knowledge and understanding of these unconventional lending options, you’re giving yourself the leading edge advantage that most people don’t have.
In this episode, we cover two areas of non-traditional financing: Investment Credit Lines and Margin. Both of these are types of borrowing secured against your liquid financial assets. Even better, the conventional wisdom is that you should never add leverage to investing and why this doesn't apply to specific cases.
Learn how you can better address your short-term cash needs by tuning in to this episode!
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- All assets are fungible [01:29]
- Why you need to use your ICL [06:23]
- How to utilize the Investment Credit Line [03:09]
- What is an Investment Margin and how can you use it? [08:26]
- Going against the conventional wisdom [13:01]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
As 2020 is slowly wrapping up, businesses are either thriving or surviving at best, and lending options seem to be getting limited. But, once we take a step back, we realize that we still have a few cards in our deck that are available to us. And knowing which one to play that will benefit our business model the most while driving the risks down is the real challenge.
In this episode, we cover why the financial environment matters to lenders and debt investors and why it should matter as a borrower. We discuss mortgages, commercial lending, and getting creative on your loan terms. We also discuss why now is a good time to review your insurance coverage for gaps and how to address those with a minimum of time.
If you want to find out how to maximize your lending options and mitigate your business risks in the fall of 2020, tune in to this episode now!
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- Interest rates and lender behavior [02:00]
-
- Adjustable-rate vs interest-only mortgages [03:11]
- Constantly reviewing and asking an increase in your business line of credit [08:11]
- Being on the lookout for new coverages in your insurance [14:57]
- Managing your business insurance to mitigate risks [12:08]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
The worst thing that entrepreneur investors can possibly do is to let emotions drive their investment decision-making. When emotions override logic, you are prone to make several irrational and bad decisions that could spell your financial downfall.
In this Mindset episode, we discuss the two pillars of awareness and discipline in managing yourself as an investor. We go in-depth on how our investment decisions and investment outcomes impact our emotional state and how that emotional state ultimately impacts our future investing strategy. We also discuss how as an entrepreneur who is making investment decisions both in your business and personally compounds your emotional load. We also discuss how to keep your focus on what creates the biggest value for you and your family and that investing is a tool to accomplish what matters most, not an end unto itself. Money is a tool that enables life, not an objective itself.
Don’t be a slave to your emotions and tune in to this episode now.
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- Emotional trade-offs in investment decision-making [00:50]
- Examining oneself to get a better investment outcome [03:53]
- Putting your family front and center in your decisions [05:14]
- Going back to your core values and goals [06:31]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
When you feel like you’re winning and you just can’t help but think maybe this financial momentum that you’ve gained will never disappear, isn’t it just right to push your luck until you’ve finally won the big pot? Wrong. The thing about the future is that it’s always unknown. Sometimes, you just have to know—or plan—when to fold to make a graceful and plentiful exit.
In this Case Study episode, we discuss a specific investing case where being right on the investment, the direction, and even timing is still not enough without thinking through the strategy all the way to the exit. We discuss the specific example where an investor used put options to speculate on the selloff of a cruise line stock in early 2020 and how not being disciplined on the exit point eroded their returns. We discuss how to view any investment all the way through from start to finish and how to hold yourself accountable to the process.
Be wiser in planning your exit strategy by tuning in to this episode.
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- A real-life case study on exit strategy [01:26]
- Why you need to have an exit strategy, short-term investment or not [03:49]
- Having the right discipline and composure when investing [04:38]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
With tech companies gaining momentum in the public market, especially in this time of crisis, it’s difficult to resist the temptation to invest and just try to ride the tide. However, before getting yourself into a sticky situation, always remember to weigh the pros and cons first and think twice before making big investment decisions.
In this Investment Opportunity episode, we discuss why large-cap tech continues to win and win big and how that makes public markets look incredibly attractive. Does this end soon or is this a new normal? Are these companies so important and so central to our economy that the investing advantage is durable? We also touch on why ultra low-interest rates and Fed promises of liquidity for markets when needed is huge and how it creates distortion.
Make better investment decisions. Tune in to this episode.
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- Will big tech companies continue to dominate the public market in the future? [00:47]
-
- Investing in an irrational market [02:17]
- Negative real yields on safe investments [03:58]
- Managing your emotional and mental state during a global crisis [05:51]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Do you often find yourself chasing after the next shiny object? More often than not, when better opportunities present themselves, we tend to hop right onto the bandwagon without really knowing whether it can help you achieve your goals or not. However, by setting your plans in stone, you never have to worry about getting off track with your success journey.
In this Focus of the Month episode on Investment Planning, we focus on why everybody has a plan until they get punched in the mouth and how missing out on the new hot thing, taking losses, or just making bad decisions all hit you as an investor. In this episode, we discuss why an Investment Policy Statement or IPS is easy to stick to when the economy and investments are goldilocks, harder when it is really cold or really hot. Why investing is always feeling like I should ‘do something!’ to take advantage of ever-better opportunities and how to combat that feeling. We also talk about why if you want to have money to be tactical in the short term, set it aside in your IPS and your allocation. Don’t decide to change big pieces of your strategy on the fly.
This episode may be short, but the value you get from it is plentiful. Tune in now!
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- What is an investment plan and why do you need one [01:12]
- Tying your investment plan to your goals [03:20]
- Using the IPS to fight the feeling of ‘should do something’ [04:57]
- Sticking to your plan regardless of the situation [05:52]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
For entrepreneurs and small business owners, their business means everything to them. As such, determining the value of their business can be a one-time thing that could define success or failure in a business negotiation, whether it be a sale, a merger, or succession planning.
In this episode, we get the insider's perspective on business valuation from CPA and ABV Chris Anderson of Adams Capital. Chris shares his wealth of expertise discussing the use cases and types of business valuations, the variables they consider, and how to use valuation information to help grow your business value over time. We also discuss how business valuation works together with your broader personal financial strategy and why keeping your personal finances front and center in business exit planning leads to better outcomes.
Don’t sell yourself short and tune in to this episode now!
About Our Guest:
Chris Anderson is a Valuation Expert from Denver, Colorado. A CPA and a Partner at the Denver Office of Adam’s Capital, he is an ABV focusing on gift & estate tax planning and business succession planning. A Partner for 10 years, the wealth of experiences he has amassed has continued to make an impact for entrepreneurs and business owners alike.
You can reach Chris through his email at chris@adamscapital.com.
Resources:
- Destiny Capital (https://www.destinycapital.com)
- Learn more about Chris Anderson (https://www.adamscapital.com/chris-anderson)
What’s Discussed in This Episode:
- Factors involved in a business valuation [03:46]
- Reconciling ideal and reasonable cash flow predictions [06:11]
- Purposes for valuation and their impact on the valuation metrics [09:20]
- Core drivers and risk factors in determining value [13:29]
- Why you need to do valuation [18:16]
- The essence of doing a yearly valuation [21:22]
- The role of valuation in writing continuity plans [29:55]
- The essence of doing valuation in 2020 [33:45]
- Get the right advisory team [38:08]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Making brash financial decisions based on strong emotions is NEVER a great idea. The more you let your emotions drive you, the murkier your mind becomes, the more irresponsible the decisions you make. So how do you detach yourself from the FOMO feeling while making critical decisions especially during a pandemic? That’s what we’re here to find out.
This episode is a conversation on the emotional side of being an entrepreneur-investor during times of disruption. We discuss the fear of missing out or FOMO during hot markets, times of disruption, and inside your business. We discuss stock picking, speculative investing, and how to ensure that you are turning back to your investing principles before making decisions. We also discuss the iceberg that is business ownership where success is visible above the surface while much of the hard decisions and pain points hide below the water. We also touch on how COVID is creating new opportunities to break inertia in your personal life and take action on some of those things you may have been unable to do before. We hope you enjoy this conversation because we certainly did while having it!
Keep calm during a global crisis, rethink your strategies, and listen to this show now!
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- FOMO [03:25]
- Tradeoffs and Opportunity Costs [05:59]
- Speculative investing [06:27]
- Going back to first principles of investing [10:56]
- FOMO when looking at your peers as a business owner [14:29]
- Using COVID disruption to break inertia and make changes [28:09]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Building a real estate portfolio can be tricky and confusing for most entrepreneurs. Contrary to popular belief, it’s one of the asset classes that can be time-consuming and requires a lot of work. However, by learning the right twists and turns of real estate investing, maneuvering around it becomes a lot less challenging.
Our conversation with Ryan Finch is packed with information on the power of private real estate investing. We cover the various approaches, how to do it well, and areas where we see it go wrong. We cover single-family, multi-family, commercial, and various ownership structures. We also spend time covering personal guarantees on recourse financing versus non-recourse financing where you are not personally guaranteeing the debt. This episode is a great way to build your framework to get started on real estate investing or to continue building out a strategy for seasoned investors.
Avoid making bad decisions and taking the wrong turns by tuning in to this episode now!
About Our Guest:
Ryan Finch is a successful real estate advisor based in Denver, Colorado. Starting his real estate investments at the young age of 19, he has since amassed more than 10 residential properties over the years. He is the president and founder of Tangible Wealth Solutions, helping clients build their portfolio and achieve the same financial success as him.
You can reach him through his cell at 720-338-1650 or through email at rfinch@tangiblewealthsolutions.com.
Resources:
-
Destiny Capital (https://www.destinycapital.com)
-
Tangible Wealth Solutions (http://www.tangiblewealthsolutions.com/)
What’s Discussed in This Episode:
- How to get started and what are the look fors [03:16]
- Different ownership structures and vehicles [15:02]
- What makes Tangible Wealth Solutions different [08:42]
- Personal guarantees and non-recourse financing [18:00]
- What reasonable fees should look like [25:15]
- Time requirements for various approaches [27:13]
- Entity structures for funds [22:28]
- Delaware Statutory Trusts and 1031s [29:51]
- The Power of Real Estate when done correctly [35:55]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Entrepreneurs should think of investments differently compared to nine to five employees. Knowing where to allocate and where not to allocate your resources for the purpose of building investments is a game-changer for an entrepreneur like you.
In this episode we go deeper on specific asset types and investment that we discussed in our previous episode on building principles for investment. We build specific case studies for fictitious clients and how to build their investment approach. Fictitious clients who earn about $10M per year but with a lot of variation from year to year and have a mix of assets spread across liquid investments, real estate, and as is the case for most entrepreneurs the largest piece of their assets is the equity in their business.
We break down how we work with them on trade offs between Public Markets, Private Markets, Real Estate, and how these pieces work together to accomplish their goals. So for those interested in getting into the tactical details of portfolio management, this episode is for you!
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- An overview of today’s episode [3:10]
- Difference between two cases - 90% versus 50% tied up in business equity [7:29]
- How cash flow makes a difference in the investment types [10:51]
- Public markets passive investing [6:05]
- Investments are about creating opportunities not burdens [12:00]
- Ways to access municipal debt [12:49]
- Advantage of a municipal debt [13:15]
- How muni debt can help with tax exemptions on multiple levels [14:39]
- Taxable equivalent yield [14:55]
- Addressing municipal debt [12:37]
- Who will benefit from real estate investment? [17:53]
- Why people are attracted to real estate as an investment [18:45]
- Direct ownership, more illiquid as avenue for better returns [19:15]
- Real estate [16:22]
- Comparison of typical yields for different investments [19:41]
- Who and who should not invest in private equity [22:36]
- Private equity [20:44]
- Option 1: Doing it direct [24:26]
- Option 2: Initial public offering [26:37]
- Why venture capital is more impact driven [28:42]
- Venture capital [24:01]
- Bitcoin [30:02]
- Options, strategies and how it shows up in the present environment [33:59]
- This episode’s ask [38:28]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
One of the biggest mistakes that entrepreneurs make when deciding their next move is to just rely on instinct or gut feelings. However, making decisions based on the FOMO feeling is a recipe for disaster. So, what’s the proper approach when coming up with investment strategies?
This episode is for entrepreneurs who want to develop their personal investing principles and get clear about why they invest in the things they do. We discuss the principles of investing we use for our clients at Destiny Capital. We also discuss some specific examples of how we use our principles when helping clients make decisions in a variety of asset types including public markets, private markets, and non-traditional assets.
Destiny Capital Principles of Investing:
- Ensure that you never go bust, stay in the game
- Be clear about the game you are playing with any investment strategy
- Be disciplined, greed and fear-based transactions are seldom profitable
- Manage your liquidity needs and adapt as they change
- If you are paying a premium for a strategy it needs to carry an information or access advantage
- Investing decisions should be based on objective data, not subjective emotion, or 'gut feelings'. Decisions based on emotion tend to lead to negative outcomes.
- Financial markets are constantly evolving, have an adaptive mindset to adjust to changes in opportunities and risks
- Be a force for good with your investing
- Don’t forget about the first principle
Tune in to this episode!
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- An overview of today’s topic [01:09]
- Principles are essential in making tough decisions [03:40]
- Principle #1: Never go bust [04:48]
- Your investment strategies should align with the four pillars of your life [08:07]
- Principle #2: Be clear about the game you are playing [06:37]
- Without discipline, greed and fear sets in [10:23
- Why Tiffany was able to bounce back despite investment strategy issues [10:32]
- Principle #3: Be disciplined with your strategy [09:15]
- You need to have your bull and bear market strategies [16:12]
- Principle #4: Manage your liquidity needs [14:47]
- If there’s no informational advantage, the cost should rule the decision [21:04]
- Principle #5: If you’re paying a premium, have an informational or access advantage [18:31]
- Using gut feelings is almost never the right call [22:54]
- Principle #6: Investing decisions should be based on data, not gut feelings [21:10]
- Don’t become the next Blockbuster [26:33]
- Principle #7: Have an adaptive mindset [24:55]
- Be conscious of what you consider to be good [30:37]
- Principle #8: Be a force for good with your investing [29:19]
- Overview of the next episode [33:07]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Do you often find yourself getting burnt out even before you start your day? Do you feel as if, despite performing well and being well-liked by everyone at work, you still feel down in the dumps? If all you can do when you look at your schedule is sigh, then maybe it’s time for you to step back and ask yourself if you are truly finding meaning in what you are doing.
What we focus on and where we find meaning change during our entrepreneurial journey. In this episode, we discuss how to recognize when you may have dipped out of alignment and how to get back on track. We also discuss the difference between your more permanent elements like your family statement of intent and your values versus your current focus and where you find fulfillment at the moment. We also expand on:
- Why changes in focus happen naturally as your life, family, and the world around us change
- How our bodies can physically indicate when we are out of alignment and what 'fighting' the process looks like
- How we have the opportunity to continually iterate not only in our business but also on how what we do is meaningful and connects to what matters most to us.
Find meaning in your business today and tune in to this episode!
What’s Discussed in This Episode:
- Jarrod and Tiffany give an overview of today’s topic [04:16]
- Via negativa: Noticing the negative signs [07:58]
- Illness is another indicator of misalignment [09:10]
- The telltale signs of lack of meaning in your business [06:50]
- Having the freedom of time, attention, energy, and capital [10:38]
- Becoming an impact multiplier [11:28]
- Jarrod’s reasons for being an entrepreneur [10:29]
- Changing the world from their small, little corner [13:44]
- Pay attention to your relationship with time, money, attention, and capital [13:15]
- Creating an impact through wealth management [17:44]
- Women advancement and leadership roles [18:30]
- Tiffany’s reason for going into business [16:37]
- Hitting financial success through unhealthy means can create a disconnect between business and meaning [24:00]
- Increasing the connection between business and meaning is an incremental approach [25:56]
- Diverse boards outperform homogenous boards [26:42]
- Ways to better connect your business and meaning [22:02]
- Changing your outlook and transferring your knowledge [30:11]
- The best thing about today’s world is it’s permissionless [33:28]
- How to utilize business opportunities to connect to what’s meaningful to them [28:29]
Resources:
-
Destiny Capital (https://www.destinycapital.com)
-
Episode 1, Statement of Intent and Values (https://omny.fm/shows/already-successful/how-to-reach-entrepreneurial-success-fulfillment)
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Success has many different faces. For some, it can be buying their second vacation home or ranch. For others, it could be something as simple as having the financial freedom to be able to spend more time with their families. Whatever financial success looks like to you, it is certainly something that you don’t want to recede.
How do you define your success and ensure you stay focused on the right things so you don't go backward? We discuss why success is made up of a number of factors unique to each of us and how money enables us to continue to direct our time, energy, and attention to the areas where we get the most value.
In our conversation, we discuss:
- How to define your success and get specific on what creates meaning for you
- What role finances play in enabling your lifestyle
- Why the barbell portfolio approach suits most advisors and how it is different from traditional asset management
- Specifics on private real estate, venture capital, and equity options as strategies
Unlock the ways to ensure financial success by tuning in to this podcast today!
Resource Links:
- Atomic Habits by James Clear (https://www.amazon.com/Atomic-Habits-Proven-Build-Break/dp/0735211299)
What’s Discussed in This Episode:
- Financial success defined [03:25]
-
- Your habits determine your success [05:48]
- Your primary focus helps you understand what success means to you [07:00]
- Success can be different between people [08:18]
- Goals are meant to be refined [14:08]
- How you perceive your goals affects how you perceive success [14:47]
- Handling the feeling of lack of consistency in terms of success [12:05]
- Have a plan before the periods of abundance [16:34]
- Identifying other sources of income [18:48]
- The barbell portfolio: Business equity and cash [20:20]
- Ways to ensure financial success doesn’t recede [16:08]
- Real estate: Principal equity value and cash flow [23:01]
- Venture capital: A high-risk, high-reward asset class [25:32]
-
- Backing a founder is not a viable investment strategy [29:00]
- Equity options: Regular financial disruptions and the value of diversification [32:48]
- Three typical asset classes and the barbell portfolio [21:55]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Do you know what your numbers are? Are you clear on the value of your business? It’s difficult when you have concentrated business equity but it is really important to understand what your business’s value is, the numbers specifically, and allow it to show up in your world and your decisions.
During our conversation today we discussed why having a plan for how you will ultimately exit your business and a valuation based on that plan allows you to treat your business like the critical investment it is. We cover a lot of ground in this conversation including:
- Business equity valuation methodologies and when they may apply
- Why the valuation methodology depends on the vision for your business
- Not having an accurate business valuation means it doesn't feel like a real asset so you don't consider it one
- When you don't value your business as an asset you don't take advantage of opportunities or experiences as they present themselves because you feel like you can't depend on the business value
- Why a lack of knowledge on business valuation can lead to overfunding traditional retirement vehicles that are geared toward employees and not owners.
Tune in to this episode.
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- Jarrod and Tiffany give an overview of today's episode [4:11]
- Different approaches to valuation and factors that affect it [6:20]
- Revenue multiple
- Third-party valuation
- Different valuation firms and how to select the right one for your business
- Building a professional network for the purpose of valuation
- Getting objective feedback from others about the value of your business
- The need to educate one's self to understand the true value of your business [10:39]
- How an accurate business valuation helps you with decisions [11:25]
- The consequence when you don't value your business as an asset [13:17]
- Over funding of traditional retirement [16:05]
- Operating with range valuation aspects [19:14]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Most traditional advisors have structured their services and offerings in such a way that entrepreneurs think it is not beneficial to them. Advisors are supposed to be most trusted by entrepreneurs on the professional side but it is only possible when the advisor’s interests are aligned with that of the entrepreneurs and what they want to invest in.
In this podcast episode, we discuss areas where the model of most traditional advisors isn’t ideal for entrepreneurs, and how we, at Destiny Capital, chose to do things a different way, more suited to the entrepreneurial lifestyle. We point out that although traditional financial advisors often do not serve the needs of entrepreneurs, there are others who think differently and champion the entrepreneur’s spirit. As long as you keep an open mind to it, you will find that there is someone who is definitely a good fit for you.
Tune in to this episode.
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- Reasons why entrepreneurs think advisors are ineffective [5:03]
- The structural setup of most advisors [7:17]
- How Destiny capital structured their service and offerings [11:05]
- Destiny capital’s pricing standpoint [11:51]
- A common complaint of entrepreneurs with advisors [14:05]
- What commitment should look like for financial advisors [16:59]
- The importance of delegation in helping entrepreneurs [17:17]
- The balancing component advisors should focus on [18:30]
- The area where most traditional advisors have failed [19:15]
- Why we serve entrepreneurs the way we do as opposed to the traditional setup [22:40]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Our conversations with entrepreneurs have shown us that the top thing they fear is failing their families and their kids most especially. Entrepreneurial success cannot replace your success as a parent to your children who knew and understood that more than the business, they meant everything to you.
In this week’s podcast episode we talk about a topic that is so dear to us, and that’s being able to show up for our kids the way they want to see us. We share and elaborate on three things that are vital to showing up - being present, fun, and wisdom transfer. We also touch on the importance of your well-being to be able to serve those in your family.
We hope that as you listen to this podcast you’ll find interesting takeaways that you can apply to achieve the success you desire in your family life.
Resources:
- Destiny Capital (https://www.destinycapital.com)
What’s Discussed in This Episode:
- How to address the top need of being present with your kids [7:33]
- How you communicate your time blocking
- Checking yourself to make sure you are present and above the line
- Redefining productivity
- Time blocking or scheduling [10:00]
- Allowing your kids to have a voice
- Showing up for your kids in a fun way [17:28]
- The rewarding and reinforcing process
- The importance of trust
- Becoming a safe and open place your kids can open up to [23:11]
- Why your emotional well-being is important to serve your family [30:41]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Founders are constantly on the lookout for resources that can be used to help with their goals, whether those goals are business or personal. These resources are sometimes difficult to reach by one’s efforts alone. This makes partnerships essential and Private Equity is something that you, as a founder, should consider looking into.
In our conversation with David Ettenger of Bow River Capital, we discuss the variety of ways that founders can leverage the resources of Private Equity firms to achieve their goals. From full business exits, partial exits, subject matter expertise, and even coaching for internal succession, PE offers a wealth of resources to help your business and family get to where they want to be. We also discuss how to find the right PE firm that specializes in your specific industry and also how some entrepreneurs have transitioned to working with PE firms and their portfolio companies as a way to share their knowledge and pay it forward.
If you are wondering how to use PE for an exit, taking chips off the table, or to just help you continue on your growth journey this episode is for you.
About Our Guest:
David Ettenger is responsible for business development activities at Bow River including originating investment opportunities and managing investor relationships. He has over five years of Institutional Equity Sales experience, most recently serving as a Vice President at Morgan Stanley.
He holds an MBA with an emphasis in Accounting and a BS in Accounting from the University of Colorado, where he graduated with honors. He is also a CFA Charterholder.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Bow River Capital (https://bowrivercapital.com/about-us/)
We’ll be talking about:
- Definition of Private Equity (PE) [4:58]
- The value that PE creates for founders in a leveraged buyout [6:53]
- How PE helps founders in the decision making process [11:19]
- Private Equity partnerships [16:22]
- Overview of Bow River Capital’s two areas of expertise [20:18]
- Understanding the importance of a PE firm’s expertise [21:29]
- When should founders leverage PE as a resource [24:14]
- How PE firms facilitate transitions of founders who want to work with them [29:16]
- Advice for investors who want to deploy capital into PE [34:06]
- Advice for founders who want to use PE as strategy for their own growth or exit [34:44]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
After a successful business exit what comes next will be determined by what exactly you are passionate about tied with what your core values are. Just remember though that your entrepreneurial skills are unique and remarkable and there are founders or companies out there that value what you lay on the table.
In this episode, Mike Hersh shares his journey from being an operator through a very successful business exit to impacting the next generation of entrepreneurs through direct investment, board involvement, and advisory work. Mike discussed how his philosophy evolved over time as he became more experienced as an investor and advisor. We discuss how Mike started much smaller with some of his initial investments, then became involved with incubator programs, and how he has managed his involvement so that he provides massive value to a few founders at a time. We also discuss the various hats that he wears as a board member and advisor and how to be in both seats effectively.
This is a fascinating conversation and a must listen for anyone who is wondering how to leverage their wealth from a successful exit and support the next generation of entrepreneurs.
About Our Guest:
Mike Hersh is known for his entrepreneurial approach to managing large project teams and to driving the growth of innovative startups given his 30-year career in the software and financial services industries. He is focused on helping innovative startups as an angel investor and mentor.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Resource Links:
- Connect with Mike on Linkedin (https://www.linkedin.com/in/mike-hersh-84b1862/)
- Visit Neat Capital (https://www.neatcapital.com/)
What’s Discussed in This Episode:
- Mike’s story of when he sold his company and his journey after [4:23]
- Mike’s journey of investing in companies [6:13]
- How Mike came about with his strategy when it comes to investing [10:16]
- Helping organizations and creating value [12:59]
- Important components to look out for when investing in startup companies [16:31]
- Why a heart connection with entrepreneurs is essential [17:46]
- The art of being successful [21:02]
- Mentoring young entrepreneurs become an effective leader [21:43]
- The process Mike uses when he’s looking to work with entrepreneurs [22:27]
- Mike’s theory on a company’s valuation [25:59]
- Doing reference checks [29:15]
- Balancing multiple roles [30:33]
- Best advice for those looking to be investors in the startup area. [33:56]
- A balanced portfolio [37:47]
- Closing thoughts [39:24]
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
When you’ve reached entrepreneurial success, the question of what’s next for you is something you begin to ponder on. It is no longer about just earning a certain amount of money, the focus shifts to how you can make an impact and influence others. One of the ways you can do so is through helping other entrepreneurs by sharing the knowledge that you have so they too can taste their own share of success.
In this episode, we talk with Paige Goss, Founder and CEO of Point Solutions Group. Paige shares with us her journey of growing up in a family of entrepreneurs, becoming an intrapreneur within another company, and how she grew Point Solutions Group from bootstrapped startup to several million of revenue and more than 50 employees in three years. We focus this conversation on how Paige is using her time and energy to make entrepreneurship more approachable to new founders by discussing alternative strategies for raising capital. We go in depth on how you can leverage your unique experience to make a difference in the world around you and how impact can take a number of different forms.
Come and take the time to listen to this podcast episode.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Point Solutions Group (https://pointsolutionsus.com/)
- Small Business Administration (https://www.sba.gov/)
- Women’s Based Enterprise National Council (https://www.wbenc.org)
- Colorado Women’s Chamber of Commerce (https://www.cwcc.org/)
- Denver7’s Interview of Paige Goss (https://www.youtube.com/watch?v=ZO9jXGahtpw )
What’s Discussed in This Episode:
- How growing up in a family of entrepreneurs shaped Paige [4:11]
- Story of Points Solutions Group [6:24]
- The impact of behavioral modelling [8:31]
- Paige shares her passion for helping entrepreneurs [11:02]
- Integrity [14:26]
- Passion [16:18]
- Partnerships [17:05]
- Core values of the organization and how they help with scaling and growth [13:42]
- The role of competition [19:32]
- How Paige values the resources of time, attention, energy and capital [20:00]
- Educating women entrepreneurs on ways to raise capital [23:48]
- Merging time, impact and capital creates fulfillment and opportunities [28:17]
- Looking at what’s possible and what’s inside of you [29:27]
About Our Guest:
Paige Goss is a fixer of fixers, orchestrating a collection of highly adept tech and engineering all-stars. She founded Point Solutions Group to address the dire need for diversity in information technology, engineering, and professional services in government and commercial organizations.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
The thought of transitions seems to be a scary thing for most entrepreneurs especially if the transition involves hitting a pause on the entrepreneur journey to focus on yourself, your goals and dreams together with your loved ones. Success can somewhat be addicting that we find it hard to stop as we always want to be on the go. But if you look at this kind of transition from a positive perspective, this could be your chance at creating and expanding your horizons for the better.
In this episode, we talk with Kerry Crandell, Founder and CEO of WoMAn. Kerry takes us through her journey from starting WoMAn, what the future looks like for her as they focus on expanding their impact for female founders and leaders, and why she is planning on a one year pause to pursue a year of international travel with her family. Kerry shares with us how she approached conversations about taking a pause with her spouse who is also an entrepreneur and how they zeroed in on why the time and place a right for them. We also discuss how Kerry is continuing to serve the WoMAn community through the COVID-19 crisis and why she has chosen to focus on individual conversations rather than adding more volume to the mass outreach campaigns that many companies are using during this time.
We bet you’ll love this episode, so tune in now.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- WoMAN (https://womanglobalgroup.com/)
- Kerry’s email (kerry@womanglobalgroup.com)
What’s Discussed in This Episode:
- An overview of what WoMAN is about [4:18]
- How Kerry’s core values help her navigate this crisis environment [7:28]
- 3 Important statements Kerry’s gravitated towards [9:38]
- The direction that WoMAN is taking here onwards [12:18]
- Kerry shares what is next for her [15:27]
- Effectively communicating your dreams and visions to those closest to you [19:16]
- Hitting the transition point [26:15]
- Choosing to be courageous and brave enough to listen to ourselves [28:02]
- Where to learn more about WoMAN [30:47]
About Our Guest:
Kerry Crandell is an authentic, collaborative, and enthusiastic business professional/entrepreneur who is President & Founder of WoMan (Women of M&A Network), an extraordinary membership-based organization for women in M&A. She is powered by an admirable mission to enrich the lives of women who work in and support Mergers & Acquisitions through Information, Connection, and Service.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Where should I allocate my capital? What is the best investment for me? These are questions that we get asked and cater to our clients at Destiny Capital. One must understand though that there is no exact or definite answer to these types of questions except for ‘It depends’. That is because your investment thesis leans strongly on your statement of intent and core values.
In this episode, we talk about the different types of investments that you can allocate your capital to. We also discuss why your investment thesis should be based on your values and why that is a top factor to consider before investing. We emphasize strongly on the need to position your capital in a way that elevates your time, energy, and attention so you are living a joyful and fulfilling life.
If you want to understand the secret sauce to the right investment for you, tune in to this episode.
Resources:
- Destiny Capital (https://www.destinycapital.com)
- Rowdy Mermaid Kombucha (https://rowdymermaid.com/)
What’s Discussed in This Episode:
- Constructing an investment thesis based on your values [3:55]
- Private self-managed real estate categories [7:45]
- Reasons to consider investing in private self-managed real estate [11:02]
- Active and passive private real estate investments [11:46]
- Self-managed versus fund structure [16:48]
- Private self-managed real estate investments
- Reasons why people invest in businesses [20:27]
- Private equity [29:30]
- Venture capital [31:14]
- Business investments [19:38]
- Cryptocurrency [35:21]
- Buying debt [38:09]
- Liquid public markets [40:52]
- Social Responsible Investing (SRI) and Environmental Social Governance (ESG) [44:07]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
We all want to be in a position or seat in our companies doing the things that we love to do that makes us feel fulfilled; however, this does not seem to be the case with most business owners. You might be sitting in a combination of chairs carrying out different tasks that make you feel frustrated since that’s not the position you want to be in. The good thing here though is that you can create the opportunity for you to occupy the seat you most want to be in because you are the business owner given that you take the necessary steps to do it.
In this episode, we help you create the mindset that you need for you to get into the right seat. We will discuss the processes involved including an evaluation of why you are in the seat you are right now, how you envision yourself to be inside and outside of the business, what kind of world impact you’d like to create, resource allocation once you’re in the right seat and many more.
If you think you’ve been stuck in your situation for too long, desiring change and to be in the right seat, this podcast is something you have to listen to.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Sweet Bloom Coffee Roaster (https://sweetbloomcoffee.com/)
- Priority Matrix (https://en.wikipedia.org/wiki/Priority_Matrix)
We’ll be talking about:
- What chair do you want to be in [3:57]
- Reasons why we’re not in the seat we want [6:17]
- Uncovering questions to dig deeper [7:43]
- Defining who you want to be inside and outside of the business [8:51]
- How you would like to impact the world [10:31]
- Examining why you are in the seat you are in right now [12:47]
- Resource allocation when in the right seat [16:40]
- The important question for an internal evaluation [27:20]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Brene Brown (https://brenebrown.com/videos/)
- Alyse McConnell’s Website (https://www.alysemcconnell.com/)
You are on a journey towards becoming the best version of yourself. That journey sometimes involves relationships that last for only a moment and some that span through years and through different chapters of your life.
Regardless of how long a relationship lasts, each one is important. As an entrepreneur, you probably want to build relationships that support your journey. But where and how do you find them?
In this episode, our guest is Alyse McConnell, who talks about mindset and intentionality. We have a fantastic conversation today about creating meaningful relationships and evolving the ones you already have. Who do you give your attention to? How clear are your boundaries? Connection plays a big part of who you are, and Alyse gives great tips on building deeper connections.
If you want to be more intentional about who you are and develop meaningful connections, tune in now to this amazing episode!
We’ll be talking about:
- Alyse’ purpose and passion of supporting people [04:45]
- Intention and changes in relationships [07:08]
- Keeping relationships you evolved out of [10:06]
- Finding resonance and building your peer group [13:21]
- Setting guardrails for what a relationship should be [20:45]
- Owning your success and gratitude for the journey [27:28]
- Limiting beliefs and status games [30:02]
- Attention filtering and willful ignorance [34:50]
- Celebrating the wins and being intentional [39:26]
About Our Guest:
Alyse McConnell is the owner of A2 Coaching Group. She supports people to feel good in their own skin because she believes that if people could have joy and satisfaction in their work, it would ripple everywhere in their lives. She also runs the Limitless Adviser Coaching Program in Costa Rica, which teaches people about mindset and growth in the financial industry.
Connect with Alyse on Facebook, Twitter,or LinkedIn to get updates on her upcoming video on having an intentional life.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
- Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
- Like on Facebook: https://www.facebook.com/AlreadySuccessful/
- Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
- Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Wander + Ivy (https://www.wanderandivy.com/)
- Connect with Matthew at Kurtz Fargo LLC (https://kurtzfargo.com/)
High turnover and disgruntled employees are just some of the problems faced by companies. Your ability to reach your goals is dependent on having highly-motivated individuals with the right mindset working as part of your team. To do that, maybe it’s time you challenge the way you build and grow your employees.
Matthew Fargo of Kurtz Fargo LLC is our guest in today’s episode. He shares their internal team structure and the parts they’ve put in place that allows them to deliver the outcomes they want. As entrepreneurs, you would want to grow our own expert team, and this episode will definitely give some insights on how to invest in your team and create the same impact.
Whether you’re currently operating your business or planning on starting a successor business, creating the optimal environment and culture is key to achieving your goals. So don’t miss a beat and tune in now.
We’ll be talking about:
- The early days of Kurtz Fargo and moving away from the hourly billing model [04:08]
- Lowering turnover and investing on the team [08:28]
- The most effective benefit for keeping employees happy [12:20]
- Valuing people and the focus on wellness [15:58]
- Delivering high-level service [17:38]
- Areas of specialty and creating impact [20:07]
- The new bonus program at Kurtz Fargo [27:01]
- The source of their new ideas [30:37]
- Hiring a coach to get valuable feedback [33:12]
- Building a solid partnership [37:46]
- Having the team own the solution they created [46:05]
- What drives Matthew to do better and challenge things [49:36]
- His advice to live an abundant, joyful life as an entrepreneur [53:18]
About Our Guest:
Matthew Fargo is a partner at Kurtz Fargo LLP, an accounting firm working with entrepreneurs, especially those from the Techstars program in Boulder, Colorado. They also work with high net worth individuals and families.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Sweet Bloom Coffee Roaster (https://sweetbloomcoffee.com/)
- Sara Blakely of Spanx (https://en.wikipedia.org/wiki/Sara_Blakely)
Parents play a very important role in shaping their kids’ future, who they become and what values they uphold. Because of this huge role, it’s key to be intentional when we teach our kids values through their different life stages.
In today’s episode, Tiffany and Jarrod talk about how to best transfer your core values onto your children. As parents who are also entrepreneurs, we don’t want to enable our kids, but rather empower them. We talk about building communication starting from preschool to explain who you are and how you look in the world until they’re an adult who is contributing to the world.
Whatever the road our children take, be it the path of philanthropy, entrepreneurship, or the family business, we all want what’s best for them. So check out the podcast highlights below and tune in.
We’ll be talking about:
- Using the behavior model for pre-kindergarten kids [04:16]
- The community’s role in teaching entrepreneurial values [10:20]
- Teaching failure acknowledgment [15:21]
- Encouraging the interests of elementary school-aged kids [18:46]
- Teaching money and finances [22:46]
- Progress and complex personal development in middle school [27:33]
- Coaching through progression in high school [31:44]
- Talking about entrepreneurship and philanthropy [36:34]
- Dealing with college-aged children challenging your core values [42:48]
- Setting up college for your child to get the best outcome [47:12]
- The hallmarks of successfully passing wealth or business to young adults [51:33]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Sweet Bloom Coffee Roasters (https://sweetbloomcoffee.com/)
- The Power of Moments by Chip Heath and Dan Heath (https://www.amazon.com/Power-Moments-Certain-Experiences-Extraordinary/dp/1501147765)
Once you’ve reached the success you seek to achieve, one of the amazing things that happen is that more opportunities open up to you. The downside to that is the difficulty in making decisions when you’re bombarded with information overload or wanting to take advantage of every opportunity that comes knocking on your door to a point that you can no longer effectively devote your time to the things that increase your impact. Whichever it is that happens, all of that is driven by fear which we all experience. It is something we have to learn how to deal with.
In today’s episode, Tiffany and Jarrod talk about the fear of missing out (FOMO). Each day, we have to make many decisions, whether it’s personal or business-related and whether it involves our capital or time. They go back to our core values and statement of intent, and how they influence our decisions and make it easier for us to choose the right opportunities.
When you’re someone drowning in opportunities, it can be hard to make decisions amidst all the noise. So take a deep breath because this episode is going to help you identify the signals that are important to you and your family.
We’ll be talking about:
- Why FOMO isn’t free [02:27]
- Tactics for filtering out information overload [04:50]
- Why merely following others’ choices may not be right for you [12:27]
- The bias towards the kind of FOMO you’re subject to [20:47]
- Making decisions that match your core values [22:44]
- The importance of identifying your primary driver [27:25]
- FOMO and regretting bad calls [30:51]
- Achievement vs. discretionary time [37:25]
- Time management strategies to minimize FOMO [40:18]
- The importance of knowing the why and the intention behind it [52:00]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
- Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
- Like on Facebook: https://www.facebook.com/AlreadySuccessful/
- Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
- Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- Intelligentsia Coffee (https://www.intelligentsiacoffee.com/)
- COVID-19 Resources for Impacted Small Businesses (https://www.destinycapital.com/blog/covid19-resources-impacted-small-businesses)
- Paycheck Protection Program (PPP) (https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp)
- COVID-19 Economic Injury Disaster Loan (EIDL) Application (https://covid19relief.sba.gov/#/)
- If you need someone to talk things through, get into a phone call with us now (https://www.destinycapital.com/contact-us)
The world has settled into the new normal. We all know that the coronavirus pandemic is a huge deal, and social distancing has become the norm globally. While there’s a general acceptance going around, we’re still in the middle of a crisis.
We’re seeing opportunities come up. For entrepreneurs wary about how business will be after all this, we believe these opportunities can pave the way for them to thrive.
In today’s Crisis Response episode, Tiffany and I look at eligible loan programs here in the U.S. including the PPP and EIDL programs, and whether you should count on them. At this time, trusted relationships with your CPA, attorney, banker, and CFP are critical. So as you form new relationships, it’s key to evaluate them carefully.
We also talk about doing self-care and making sure you’re in an inspired space, so you can focus on building your future.
Tune in now because this is another jam-packed episode, which we know you won’t want to miss.
We’ll be talking about:
- Why you should not count on SBA loans [05:24]
- Why you shouldn’t feel guilty about taking advantage of the stimulus package [10:12]
- The importance of trusted advisors [14:15]
- Why it matters to proactively build meaningful relationships [17:54]
- Efforted vs. inspired state and staying above the line [22:51]
- The definition of an inspired state [25:53]
- Using time blocking to mentally separate work from family [30:50]
- The need to reframe and do self-care [33:46]
- Change as the opportunity to be the best and thrive [36:43]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Recommended Books:
- The Obstacle is the Way by Ryan Holiday (https://www.amazon.com/Obstacle-Way-Timeless-Turning-Triumph/dp/1591846358)
- Meditations by Marcus Aurelius (https://www.amazon.com/Meditations-Thrift-Editions-Marcus-Aurelius/dp/048629823X/ref=redir_mobile_desktop?ie=UTF8&aaxitk=aQo5wPdGC0gSXNKh-Bn7gA&hsa_cr_id=4256966120201&ref_=sb_s_sparkle)
Other Crisis Response Episodes:
- Cashflow and Opportunities During a Crisis https://www.youtube.com/watch?v=vhyYG2Oz2a8
- Evaluating Opportunities During Crisis https://www.youtube.com/watch?v=PXncvWpKZEE
Connect with Already Successful:
- Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
- Like on Facebook: https://www.facebook.com/AlreadySuccessful/
- Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
- Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
Disclaimer: In the midst of this challenging time, the Already Successful team wants to give entrepreneurs all the information that we can provide to help them in their decision-making. But as our government is still reacting to the ongoing crisis, bills and measures could come out, which may contradict the opinions we have given. Always seek the advice of your attorney, CPA, or investment professional.
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Marqués de Cáceres (https://www.marquesdecaceres.com/en/)
- Connect with Blake at The Forbes M&A Group (https://forbesma.com/our-team/blake-shear)
As an entrepreneur who has put a lot of time, resources, and passion into building your company, the time will come when you may decide to exit. Timing is key. But beyond that, a lot of preparation is needed as you go through the transition. In the hopes of creating a smoother process when the time comes, we’re here to take a deeper look at the mergers and acquisitions (M&A) process.
In today’s episode, our special guest, Blake Shear of The Forbes M&A Group, takes us through the process and steps involved when a company begins their transition. He talks about the need to understand your personal goals and reasons for wanting to go through the transaction. He also discusses the issues that could arise that could take an effect on how the deal pushes through.
Whether you’re doing your first exit or have done one that didn’t work out so well, this episode is for you.
We’ll be talking about:
- The process and steps to starting the transition conversation [04:31]
- A case study on the importance of identifying personal goals to finish well [06:37]
- Key milestones in a transition process [10:24]
- A case study involving a deferred revenue issue [12:55]
- Defending numbers vs. focusing on a business’ future [15:02]
- The transition time period and setting up expectations [17:09]
- The merger and acquisition process [19:46]
- Incentivizing and retaining key people [26:30]
- The benefits of using a virtual data room [27:44]
- Protecting proprietary information [29:42]
- Preparing your business to operate without you [32:24]
- Internal succession vs. third-party sale vs. private equity purchase [33:37]
- Their firm’s close rate [40:48]
- The importance of getting your system in place [42:34]
- Timeliness when preparing for that exit [48:04]
About Our Guest:
Blake Shear is from The Forbes M&A Group, an investment bank specializing in M&As, Capital Formation, and financial restructuring. He has 12 years of investment banking experience and has worked on numerous transactions. He enjoys working hand-and-hand with entrepreneurs to help them understand the challenges and opportunities ahead of them, and unlock their businesses’ value beyond the numbers.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- If you need someone to talk things through, get into a phone call with us now (https://www.destinycapital.com/contact-us)
Once you’ve had a clear-eyed assessment of your business constraints and opportunities, it’s time to make your next move. A thorough evaluation of the investment opportunities that have risen is needed, so you’ll know where you can put your capital in.
In another crisis response episode, Tiffany and Jarrod talk about investment during times of crisis and the opportunities that come up. Hopefully, you’ve done the work and already know the capital you have available for investing. We also tackle a bit of the CARES Act and some SBA loan provisions.
Are you looking to make the most out of the opportunities this crisis creates? Then this episode is right for you.
We’ll be talking about:
- What opportunities look like [04:06]
- Constructing your investment thesis [07:33]
- Investing in liquid public markets [09:47]
- Financing opportunities in real estate [15:02]
- The changing environment in commercial real estate [16:56]
- Speculating on cryptocurrencies [20:36]
- The dislocation in private equity and other illiquid assets [22:30]
- Small business lending through the CARES Act [27:28]
- Coming from a place of gratitude [33:26]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
- Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
- Like on Facebook: https://www.facebook.com/AlreadySuccessful/
- Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
- Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
Disclaimer: In the midst of this challenging time, the Already Successful team wants to give entrepreneurs all the information that we can provide to help them in their decision-making. But as our government is still reacting to the ongoing crisis, bills and measures could come out, which may contradict the opinions we have given.
See omnystudio.com/listener for privacy information.
Resource Links:
- Download the framework at Destiny Capital (https://www.destinycapital.com)
- If you need someone to talk things through, get into a phone call with us now (https://www.destinycapital.com/contact-us)
With most areas in the Western world implementing social distancing and quarantines, we are facing government-mandated business shutdowns. Everybody is going through pain during this highly emotional situation. The massive economic productivity loss expected from this shutdown is the unfortunate outcome that business owners should prepare to deal with.
In today’s special episode, Tiffany and Jarrod give a framework for examining your cash needs and the available business prospects during this difficult time. They’re both in this to help you look at the whole picture of your resources, constraints, and what the future looks like. They also share the opportunities that come up, which you can take advantage of.
While risk levels remain high, so do opportunities. If you’re an entrepreneur looking to rise above this crisis, tune in now.
We’ll be talking about:
- Taking a look at your cash burn [05:41]
- Separating needs from discretionary expenses [07:27]
- Examining your business risk from the disruption [18:00]
- What’s best for employees: furlough vs. temporary layoffs [19:48]
- Lowering your business expenses [22:23]
- Should you inject personal money into the business [25:27]
- Opportunities for problem-solving [27:07]
- The need to do a clear-eyed evaluation [30:12]
- What’s important right now [33:51]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
- Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
- Like on Facebook: https://www.facebook.com/AlreadySuccessful/
- Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
- Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
Disclaimer: In the midst of this challenging time, the Already Successful team wants to give entrepreneurs all the information that we can provide to help them in their decision-making. But as our government is still reacting to the ongoing crisis, bills and measures could come out, which may contradict the opinions we have given.
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
As human beings, we crave connection and building relationships with each other. We want to find people who we consider peers. Today, Tiffany and Jarrod interview each other as we talk about finding peers as we grow and evolve in our lives and careers. Tiffany shares how she crafted her own peer group, and how she makes sure everyone is invested in what they’re doing and why.
People in your life are there for a reason, season, or lifetime. If you’re someone wondering how to make those connections and establish peers around different areas of your life, then join us in this episode.
We’ll be talking about:
- Tiffany’s peer groups and how she keeps them together [05:01]
- How she chose her 8 peer groups and the importance of having commonalities [06:51]
- The personal value Tiffany received from leveling up her relationships [12:04]
- The magic that comes from having an established group [19:23]
- The importance of growing out of certain things [22:43]
- Pulling people in to join a peer group [25:19]
- Why structuring and intention matters for peer groups [32:24]
- A workshop on searching for personal development groups [38:54]
- A workshop on searching for money groups [44:11]
- A workshop on searching for time groups [51:55]
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Sweet Bloom Coffee Roaster (https://sweetbloomcoffee.com/)
- Connect with Jesson at ViTL Solutions (https://www.vitlsolutions.com) or his LinkedIn (https://www.linkedin.com/in/jessonprohaska/)
Failure can happen in many ways for entrepreneurs looking to conduct some sort of transition in their business. More often than not, there’s a lack of situational and self-awareness that prevents them from seeing what exactly is it they want. How can they reach that growth? Are they aware of their own limitations?
Today, our special guest, Jesson Prohaska of ViTL Solutions, shares with us the process they go into when they guide these entrepreneurs during their pre-exit transition planning. He talks about the biggest friction points they face and gives us insights from a case study of one of their customers, a company that clearly lacked awareness about where they were and what they wanted. Ultimately, it really matters to be in the right place at the right time.
Check out the podcast highlights below and tune in, we have so many aha moments in this episode.
We’ll be talking about:
- The starting point of the pre-exit conversation [08:21]
- Getting business owners to unpack what they really want [13:47]
- Major failure points during planning, resource allocation, and adjustment [18:12]
- The process of talent management [22:20]
- The workshop to determine if there’s business growth [24:14]
- Why most scaleup companies fail [26:39]
- A visioning workshop for entrepreneurs fulfilling their exit [32:50]
- A case study on a SaaS company that lacked awareness [42:16]
- What entrepreneurs should be mindful about [57:03:]
About Our Guest:
Jesson Prohaska is from ViTL Solutions, a partner to business leaders looking to solve their most vital business challenges and achieve real outcomes. He has a passion for serving entrepreneurs and helping them live their best life. He does his best work in private wealth management and planning. Their special offering, ViTL Growth, guides small and mid-sized growth companies to reach the next level of success by providing them a winning strategy and roadmap.
If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.
Resource Links:
- Destiny Capital (https://www.destinycapital.com)
- Sweet Bloom Coffee Roaster (https://sweetbloomcoffee.com/)
- What We Can Learn From Kobe Bryant’s Insane Work Ethic (http://www.willpowered.co/learn/what-we-can-learn-from-kobe-bryant)
It’s pretty easy to lose track of what truly inspires and gives us fulfilment when our time, energy, and attention is limited. How do you know which ones to prioritize when your to-do list is never-ending? As a successful entrepreneur, you want to thrive and move beyond just surviving. But to be able to do that, you have to refresh your intentions and reflect if you’re truly living your life according to your core values.
Today, Tiffany and Jarrod talk about the importance of having a family statement of intent and setting up core values as an individual and as a family to be able to allocate your time well. Most successful entrepreneurs have already set up their mission and vision statements for their team, but haven’t done so for their family. As Tiffany shares the core values her family lives by, find out how to efficiently make use of pause points to stay on track. And lastly, how much do you really know about who you are? Find out more as we have so many nuggets of wisdom to give out in this kick-off episode.
We’ll be talking about:
- The value of creating your family’s statement of intent as entrepreneurs [04:42]
- Tiffany’s primary values that her family lives by [08:07]
- Why reflection is essential to start uncovering your core values [10:35]
- Determining your intentions and why it’s important [14:09]
- Pause Points: How to allocate your time, effort, and energy [19:38]
- How successful entrepreneurs continue down the path of self-fulfillment [34:35]
- Aligning with who you really are [47:23]
- Tips for discovering the values you will base your life decisions on [1:00:06]
If you enjoyed this episode, please subscribe, tune in, and share this podcast.
Connect with Already Successful:
Subscribe on YouTube: https://www.youtube.com/channel/UCdP-TOyToXAc5iSIA4Ehc6g
Like on Facebook: https://www.facebook.com/AlreadySuccessful/
Connect on LinkedIn: https://www.linkedin.com/company/alreadysuccessful
Follow on Instagram: https://www.instagram.com/alreadysuccessfulpodcast/
See omnystudio.com/listener for privacy information.