Episode #195: The Bond Market: What is it Trying to Tell Us?

This week’s episode of Grow Money Business is all about the bond market and how it changes with inflation, high-interest rates, and an inverted yield curve. Join us as we dive into the yield curve, a possible recession in the future, money market funds, the TED spread, and more.

Show Notes

[06:12] The yield curve – Grant starts the conversation by defining the yield curve and the reasons we care about it.

[12:23] Recession – Grant shares his thoughts on the possibility of a recession.

[16:50] Money Market Funds – Grant describes difference between Money market mutual funds and other money market funds.

[21:37] TED Spread – Grant discusses how to a good measure of US credit risk by looking at the difference between LIBOR and T-Bills.

[28:15] Bonds – Grant shares the importance of having bonds in a negative economic environment.

Resources

US Treasuries Yield Curve

ustreasuryyieldcurve.com/

TED Spread - Historical Chart

macrotrends.net/1447/ted-spread-historical-chart

Current US Inflation Rates: 2000-2023

usinflationcalculator.com/inflation/current-inflation-rates/

Episode #194: SAVE - Biden's Student Loan Repayment Program

We dedicated this week’s episode to the ongoing news about the student loan system in the US. According to the US Department of Education, the president announced new actions to provide debt relief and support for student loan borrowers. Join us as we dive into the current situation regarding student loans, what the changes to the federal student loan system are going to be, income-driven payment plans, Federal Pell Grants, public service loan forgiveness, and more.

Show Notes

[3:05] Administrative Forbearance – Grant starts the conversation by sharing some details about student loan forbearance.

[08:30] Income-driven payment plans – Grant explains how income-driven payment plans work.

[13:00] Repayment plans – Grant recaps the current repayment plan options that are available.

[14:32] Federal Pell Grants – Grant explained what happened to Pell Grants, which were awarded only to undergraduate students who displayed exceptional financial need.

[19:35] SAVE student loan repayment plan – Grant explains how the SAVE repayment plan works and how it can be a tremendous help to people.

[24:55] Public service loan forgiveness – Grant dives into how the public service loan forgiveness option works.

[29:37] Recertifying income – Grant shares the importance of recertifying your income if you are in a student loan repayment plan and what happens if you fail to do so.

Resources

FACT SHEET: President Biden Announces New Actions to Provide Debt Relief and Support for Student Loan Borrowers

ed.gov/news/press-releases/fact-sheet-president-biden-announces-new-actions-provide-debt-relief-and-support-student-loan-borrowers

Income-Driven Repayment (IDR) Plan Request

studentaid.gov/idr/

How the New SAVE Plan Will Transform Loan Repayment

and Protect Borrowers

ed.gov/policy/highered/reg/hearulemaking/2021/idrfactsheetfinal.pdf

Episode #193: What the US Debt Downgrade Means for Stock and Bond Markets

It’s been in the news recently that one of the three major independent organizations that evaluate creditworthiness in the US downgraded the rating from the highest possible level of AAA to the next level down, AA+. We dedicated this week’s episode of Grow Money Business to discussing what the US Debt Downgrade Means for Stock and Bond Markets.

Show Notes

[03:13] The Bond Market – Grant starts the conversation by explaining why the bond market is way larger than the stock market.

[11:55] US Government Debt – Grant explains why it is safe to buy US government debt.

[23:46] Last Time– Grant describes what happened the last time that the US government debt was downgraded.

[30:35] Investment Mandates – Grant shares his knowledge on the investment mandates regarding the US government debt.

[37:58] The Fault of the System – Grant shares some long-term issues within our system surrounding adding to the federal debt.

Resources

Credit downgrade shocks Biden aides, as more debt fights loom

washingtonpost.com/business/2023/08/02/us-credit-rating-fitch-downgrade-debt/

U.S. downgrade sinks global markets — but economists are not concerned

cnbc.com/2023/08/02/downgrade-sinks-global-markets-but-economists-are-not-concerned.html

America’s credit rating got downgraded again. Here’s what happened the last time

edition.cnn.com/2023/08/02/investing/premarket-stocks-trading/index.html

Episode #192: Investing in Artificial Intelligence

This week’s episode is all about Artificial Intelligence. Of all the new technologies that have been introduced to the world, AI seems to be the turning point for us. In this episode, we discuss what we think about AI, investing in AI, the possibility of AI technology getting out of hand, and more.

Show Notes

[01:55] Open AI – Grant starts the conversation off by explaining open AI and the importance of open source.

[05:32] Chat GPT – Grant shares his thoughts on ChatGPT and describes it’s capabilities.

[09:22] Invest in AI – Grant shares some ways you can invest in Artificial Intelligence.

[16:30] The Right Investment– Grant talks about the importance of selecting the right investment if you are hoping to invest in AI.

[22:18] Superior Approach – Grant shares his thoughts on investing in value and stepping away from growth.

Resources

Episode #191: Cash Savings Options and Money Market Mutual Funds

The SEC has just voted to make changes to the regulatory landscape that money market mutual funds must abide by. We dedicated this week’s episode to talking about cash savings options and MMMFs. Join us as we dive into MMMFs, stress testing, swing pricing, the current state of the money market, and more.

Show Notes

[03.18] Money market mutual funds – Grant starts the conversation by defining MMMFs and how different they are from other mutual funds.

[08.34] How they work – Grant walks us through how MMMFs work.

[15.36] Stress testing - A bank stress test analyzes a bank's capital to see if it is capable of withstanding an economic or financial crisis.

[23.16] The SEC – Grant explains why the US Securities and Exchange Commission is looking to make more improvements to the MMF landscape.

[25.00] Swing pricing – Grant defines swing pricing, and shares why it’s relevant.

[31.03] The cash – Grant talks about the difference between putting your money in a MMMFs and a local credit union savings account.

Resources

What Is an Advantage of Liquidity?

https://www.sapling.com/12011796/advantage-liquidity

U.S. Takes Third Shot at Shoring Up Money-Market Funds

https://www.wsj.com/articles/u-s-overhauls-money-market-fund-rules-in-latest-attempt-to-prevent-bailouts-2f0f2925

Episode #190: The Top Five Insurance Coverages Business Owners Need to Consider

Business owners take a lot of risk every day. Insurance is designed to transfer those risks to them in exchange for affordable monthly, quarterly, or annual premium insurance plans. Today on the show, Grant talks about the top five insurance coverages that business owners should consider.

Show Notes

[03:20] A Decision –Grant starts the conversation with sharing why it makes sense to have a policy for your business.

[08:10] Umbrella Personal Liability Policy – Grant explains the benefits and purpose of an umbrella personal liability policy

[15:01] Business Owners’ Policy - Grant shares what types of coverage comes under this policy.

[22:03] Disability Insurance – Grant explains short-term and long-term insurance coverage.

[28:26] Definition of Disability – Grant talks about how the definition of disability changes according to your profession.

Resources

Episode #189: Here Come Spot Bitcoin ETFs

This week’s episode is all about Bitcoin ETFs. It has been in the news recently that some of the biggest investment management companies have submitted new filings to bring spot Bitcoin ETFs to market. In this episode, we dive into the current state of Bitcoin, why we should pay attention to the Bitcoin ETF filings, and whether it’s safe or not to invest in them.

Show Notes

[03:04] What’s on the market –Grant starts the conversation by sharing the existing Bitcoin ETFs, as well as the difference between a mutual fund and an ETF.

[07:37] Closed-end fund – Grant shares some interesting information about GBTC closed-end funds.

[16:26] Cryptocurrency futures – Grant explains how futures contracts work and what happens when the contract expires.

[21:08] The reliability – Grant discusses why the US Securities and Exchange Commission hasn’t approved any of the filings for spot Bitcoin ETFs.

[24:55] If it happens – Grant shares his thoughts on the current Bitcoin ETF companies and how you can purchase Bitcoin if the Spot ETF comes out.

Resources

Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

coindesk.com/policy/2023/07/03/probability-for-us-approval-of-a-spot-bitcoin-etf-is-fairly-high-bernstein/

THE ARRIVAL OF BLACKROCK: BITCOIN’S FIRST SPOT ETF

bitcoinmagazine.com/markets/the-arrival-of-blackrock-bitcoins-first-spot-etf

Episode #188: Asset Protection Strategies Using LLCs With Lee Phillips

This week’s episode of Grow Money Business features Lee Phillips. Lee is a US Supreme Court counselor and Federal Tax Court attorney, specializing in asset protection using business structures like LLCs. He is the founder of LegaLees Corp., a company specializing in solving asset protection and tax problems for high-net-worth individuals. He has delivered over 3,000 event speeches across the United States, Canada, and the Pacific Rim as one of the country's most captivating and energetic presenters. More than a million people have benefited from his assistance in understanding the law and using it to increase income and safeguard assets. Join us as we dive into the genesis of LLCs in the United States, legal principles that originated in Europe in the 1400s, how they apply in today’s context, and what we should look into when protecting assets.

Show Notes

[02:26] Lee’s journey – Lee shares his journey to becoming a Federal Tax Court Attorney.

[12:37] Asset protection – Lee explains the reason behind having an asset protection plan.

[19:24] The charging order – Grant and Lee dive into the story of the charging order.

[33:30] LLC for real estate – Lee explains why we cannot manage the extreme number of LLCs in the real estate industry.

[42:27] LegalZoom – Lee shares his opinion on utilizing LegalZoom.

Resources

legalees.com

legalees.com/grant

Episode #187: Teaching Our Kids to Use Credit Responsibly With Dionne Perry

This week’s episode of Grow Money Business features Dionne Perry. Dionne is an author, speaker, and board-certified Credit Consultant. Dionne has created Credit-Lit Ambassador programs to empower youth and train educators, counselors, community activists, financial advisors, and other adults on credit scoring processes. Join us as we dive into credit literacy,  responsible credit usage, the FICO score, how to improve your credit score, how to handle credit disputes, and more.

Show Notes

[06:03] Credit Literacy – Dionne starts the conversation by sharing the backstory of how credit literacy became her passion.

[13:22] FICO score – Grant and Dionne discuss how a FICO Score evaluates a borrower's creditworthiness based on payment history, current indebtedness, types of credit used, credit history, and new credit accounts.

[20:41] Improving Credit Score – Dionne shares some of the fastest and easiest ways to improve your credit score.

[28:58] Credit Dispute – Dionne explains how the credit dispute process works.

[36:14] The Importance of Responsible Credit Usage – Grant and Dionne discuss the importance of your credit score and how it impacts everything in your life.

Resources

Connect with Dionne Perry

Good Credit - What It Is, How To Get It, and How to KEEP It!

credit-lit.com/

Credit-Lit Credit 101 for Teens

amazon.com/Credit-Lit-Credit-101-for-Teens/dp/1735947008/ref=tmm_pap_swatch_0

Episode #186: Childfree Financial Planning With Jay Zigmont

This week’s episode of Grow Money Business features Jay Zigmont. Jay is a wealth specialist, and the founder of Childfree Wealth, which is a financial planning firm specializing in working with people who are childfree and plan to continue being childfree in the future. Join us as we talk about Jay’s philosophy on working with childless individuals and the difference in the financial planning process when you don’t have kids.

Show Notes

[06.40] Childfree – Jay starts the conversation by explaining the reason for choosing to work with people without children.

[14.34] Advice-only approach – We talk about Jay’s reason for choosing an advice-only approach and why it’s a great fit for his work.

[20.05] Assumptions – Grant and Jay discuss the assumptions and judgments people make when they meet a person who is childfree.

[34.32] Shifting direction – Jay shares how they make their clients shift their direction from profit motive to social life motive.

[40.00] Career choice – Jay shares why he chose to become an investment advisor to help people achieve their goals.

[44.51] Advice – We go through Jay’s advice for people who want to get into the financial industry.

Resources

childfreewealth.com/

Childfree Wealth Podcast: https://childfreewealth.buzzsprout.com
Free copy of the book Portraits of Childfree Wealth: https://childfreewealth.com/book

Connect with Jay

LinkedIn - linkedin.com/in/jayzigmont/

Episode #185: Everything You Need to Know About The Employee Retention Credit With Kenny Dettman

This week’s episode of Grow Money Business features Kenneth Dettman, the CEO and Managing Director at EZ-ERC. He is a highly technical CPA with extensive "big consulting" tax advisory experience and was recently named an official member of the Forbes Business Council. He is known as a pioneer in the Employee Retention Credit (ERC) industry, having successfully sourced and underwritten one of the first ERC tax insurance policies in the country. He joined us today to talk about the ins and outs of the employee retention tax credit, who qualifies and who doesn't, how much the credit is, and what to look for if you're considering filing a claim yourself.

Show Notes

[02.40] Kenneth’s story – Kenneth shares his career progression, after starting as an income tax advisor and then building EZ-ERC.

[09.23] Paycheck Protection Program – Kenneth explains why you are not allowed to have both a PPP loan and the employee retention credit at the same time.

[21.53] Partial Suspension – Kenneth defines partial suspension.

[29.40] The Right Way – Grant and Kenneth dive into the details of doing partial suspension the right way.

[38.45] The Reasonable Cause Standard – Grant and Kenneth discuss the reasonable cause standard.

[45.49] Handling Casework – Kenneth explains how they handle casework as practitioners when they don’t have guidance from the IRS.

[49.02] Worker Opportunity Credit – Grant and Kenneth discuss an incentive for employers to hire disadvantaged classes of employees.

Resources

IRS opens 2023 Dirty Dozen with warning about ERC claims

irs.gov/newsroom/irs-opens-2023-dirty-dozen-with-warning-about-erc-claims-increased-scrutiny-follows-aggressive-promoters-making-offers-too-good-to-be-true

IRS issues renewed warning on ERC claims

irs.gov/newsroom/irs-issues-renewed-warning-on-erc-claims-false-claims-generate-compliance-risk-for-people-and-businesses-claiming-credit-improperly

The country's leading expert in the ERC

ez-erc.com/

Connect with Kenneth

LinkedIn - linkedin.com/in/kenneth-dettman-cpa/

Email - info@ez-erc.com

Episode #184: How & When to Take Cash Out of Your Business

Today’s episode of Grow Money Business is all about cash. Many business owners are looking for guidance on how to pay themselves, and how to do it in a tax sensitive manner. This week, Grant shares some important tips on what to do with the cash in your business, how much cash you should have, taking cash out of your business, and more.

Show Notes

[02.21] A rainy day fund – Grant starts the conversation by explaining the importance of having an emergency fund.

[09.42] Extra Cash – Grant shares some tips on how to use extra cash effectively.

[15.31] Setting a target – Grant explains how to set a target for any large upcoming expenses.

[20.40] Pass-through entity – Grant defines a pass-through entity and explains how they work.

[27.12] C-Corporations – Grant shares some tips for what to do with extra cash within your C-Corporation, as well as tips on taking cash out of your business.

Resources

How to Pay Yourself as a Business Owner

nerdwallet.com/article/small-business/how-to-pay-yourself-as-a-business-owner

Salary vs. owner's draw: How to pay yourself as a business owner

quickbooks.intuit.com/payroll/salary-or-draw-how-to-pay-yourself-as-business-owner/

Traction: Get a Grip on Your Business by Gino Wickman

amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837

Episode #183: Tax-Free Capital Gains & Qualified Small Business Stock

Section 1202 of the Internal Revenue Code, focusing on Qualified Small Business Companies (QSBs) and their Qualified Small Business Stock, holds the key to potential tax savings of up to $10 million in tax-free capital gains when structured correctly. While not every company qualifies, it's crucial to consider this provision when buying or selling a business, as it can be a game-changer. Today, we unlock the immense potential it holds for prudent business owners seeking to navigate the complex realm of taxation and investment.

Show Notes

[01:16] Maximizing Tax Benefits: Grant starts off the conversation with exploring the potential of Section 1202 for small business owners

[03:56] Eligibility and Limitations: Grant explains the parameters of Section 1202

[08:05] Evolution of Exclusions: Grant discusses the historical development of Section 1202

[09:54] Direct Acquisition and Compensation: Grant shares the requirements for tax-free capital gains

[12:21] Unlocking Growth Potential: Grant discusses harnessing Section 1202 for angel investors and employee incentives

[14:32] Maximizing Tax-Free Gains: Grant shares some limits and strategies under Section 1202

[16:50] Navigating Taxable Income: Grant shares some important considerations and strategies for Share-Based Compensation

[19:13] Tax-Free Growth: Grant explores opportunities for equity investments and future exits

Resources

Understanding the QSBS Tax Exemption: northerntrust.com/united-states/institute/articles/understanding-the-qsbs-tax-exemption

A Lavish Tax Dodge for the Ultrawealthy is Easily Multiplied: nytimes.com/2021/12/28/business/tax-break-qualified-small-business-stock.html

Qualified Small Business Stock (QSBS) Definition and Tax Benefits: investopedia.com/terms/q/qsbs-qualified-small-business-stock.asp

Episode #182: Unmasking the Flaws of Dividend Investing

This week’s show is all about dividend investing, which is a popular investment strategy amongst a lot of people. In the episode, we discuss what it is, where the cash comes from, and alternatives for management, such as whether to pay dividends or hang on to the cash. We also pay attention to why the strategy can seem misplaced.

Show Notes

[01:50] Definition – Grant starts off the conversation by defining dividend investing.

[09:22] Growth and value companies – Grant shares some different growth and value companies that have growing revenues and profits at an above-average rate.

[13:35] The dividend yield – Grant explains what happens when the dividend yield becomes too high.

[23:18] Paying a dividend yield – Grant shares the reason for value companies to pay a dividend yield.

[29:15] Dividend stock – Grant explains why it’s advantageous to have some exposure to dividend stock.

[35:00] Share repurchases – Grant shares why repurchasing shares is beneficial to shareholders and why a lot of politicians are not happy with it.

Resources

Episode #181: How to Choose a Financial Advisor

If you're currently searching for financial assistance, you're likely aware that there is a wide array of practitioners available to help you. However, not all financial professionals are the same—they possess different expertise, work in diverse ways, and are compensated differently. In today's episode, we walk you through how to choose a financial advisor, and explore the factors that will help you choose a professional who aligns with your goals and priorities. By the end of this episode, you'll have a clearer understanding of what to look for, enabling you to confidently navigate the search for financial help.

Show Notes

[00:58] Decoding the Financial Puzzle: Grant unravels the benefits of hiring a financial professional.

[04:33] Unlocking Financial Potential: Grant discusses the power of professional guidance and expertise.

[10:35] The Evolution of Financial Professionals: Grant describes how the role of a financial professional shifted from stockbrokers to fiduciary advisors over time.

[07:52] Choosing a Fiduciary: Grant stresses the importance of seeking out financial guidance that puts your interests first.

[17:03] Mechanism of Compensation: Grant discusses exploring Fee-Only vs. Fee-Based models, and shares some of their implications.

[24:42] Evaluating Skills and Experience: Grant outlines the qualifications and experience we should seek in a financial professional.

[31:13] Final Tip: Grant shares one final tip on the importance of understanding service models.

Resources

Mentioned in the episode:

CFP Professional: cfp.net/get-certified/certification-process

CFA Program: cfainstitute.org/en/programs/cfa

Investment Adviser Public Disclosure: adviserinfo.sec.gov/

Company Retirement Plans: abovethecanopy.us/the-ultimate-7-step-checklist-for-hiring-a-financial-advisor/

Episode #180: How to Get the Most Out of Your FDIC Insurance

In the past few weeks, we have been in a banking environment where lenders are running into some of the same problems that arose at Silicon Valley Bank. This week on the show, we are going to talk about the current state of banking, and more importantly, what you should do if you are concerned about the viability of your bank. We will also discuss FDIC insurance, the limits on different types of accounts, the difference between banks and credit unions, a few strategies you can use to protect your cash, and more.

Show Notes

[04:43] Silicon Valley Bank –Grant starts the conversation by explaining what happened to Silicon Valley Bank and why its customers are at risk.

[11:50] FDIC insurance – Grant explains why we shouldn’t rely on the FDIC or the federal government to cover insurance above $250,000.

[17:42] The rules – Grant dives into the rules of the coverage.

[24:37] Other institutions – Grant shared why he is not a fan of other institutions like JPMorgan Chase & Co. and Wells Fargo.

[31:44] Office buildings – We talk about how office buildings’ values are falling dramatically in commercial real-estate space.

[35:28] SIPC – Grant shares some important information about the Securities Investor Protection Corporation, which is the brokerage affiliate of the FDIC.

Resources

Fed report blames SVB execs — and itself — for bank's failure

msn.com/en-us/money/other/fed-report-blames-svb-execs-and-itself-for-bank-s-failure/ar-AA1aufuL

Deposit Insurance At A Glance

fdic.gov/resources/deposit-insurance/brochures/deposits-at-a-glance/

Episode #179: Everything You Need to Know About the Debt Ceiling

The debt ceiling has made its way into the news recently, with reports saying that the USA has reached the federal limit. In today’s episode of Grow Money Business, Grant discusses what it is, the reason for having one in the USA, and what kind of consequences there will be if the government is unable to come to an agreement.

Show Notes

[04.18] The debt ceiling –Grant starts the conversation by explaining why only a few countries in the world have them.

[10.43] Making Changes – Grant shares why he thinks the debt ceiling should be removed.

[16.00] Running out of money – Grant shares some insight about what happens when the US government runs out of money.

[22.40] The last time – Grant explains what happened the last time when the federal debt passed the limit.

[27.15] Stability – Grant elaborates on why 50–60% of the world’s trade transactions happen in US dollars.

Resources

White House regroups after McCarthy’s success –

politico.com/news/2023/04/27/white-house-regroups-mccarthy-success-00094273

Explaining the U.S. Debt-Limit and Why It Became a Bargaining Tool –

nytimes.com/2021/09/27/us/politics/us-debt-limit.html

The fight over the debt could sink the economy. This is how we got here –

npr.org/2023/03/23/1163448930/debt-explanation

Episode #178: Managing Your Mindset For Small Business Success With Alicia Cramer

So much of running a successful business is related to an entrepreneur’s mindset. This week on Grow Money Business, we are joined by Alicia Cramer, who is a business mindset expert, a certified hypnotherapist, and a metaphysical practitioner. Alicia is also a sales and marketing consultant with an extensive business development background who helps small business owners manage their own mindsets and set themselves up for success. Alicia joined us today to talk about some of the tools she uses, the psychology and physiology behind why they're important, and some of the tips you can use to optimize your mind and maintain it for long-term success.

Show Notes

[05.22] Focusing on small businesses –Alicia starts the discussion with sharing her journey to becoming a business mindset coach and hypnotherapist.

[12.52] Therapeutic methods – Grant and Alicia discuss some of the methods that helped Alicia overcome past traumatic experiences.

[22.14] EFT – Alicia defines the Emotional Freedom Technique and describes how it works.

[27.46] Hypnotherapy vs. Normal Therapy – Alicia explains the difference between hypnotherapy and normal therapy.

[36.35] Simple tools – Alicia discusses some common self-improvement tools and shares some tips for finding the best options that work for you.

[48.50] Imposter syndrome – Grant and Alicia close the discussion by discussing imposter syndrome, how it may affect business owners, and how to overcome it.

Resources

Connect with Alicia

Website - aliciacramer.com/

LinkedIn - linkedin.com/in/aliciacramer/

Episode #177: How Long Will the US Dollar Remain the World's Reserve Currency?

Recently, there has been a rumor circulating that the US dollar is losing its status as the reserve currency. In this week’s episode of Grow Money Business, we discuss the security of the US dollar remaining the world’s reserve currency, the background of the concerns, the macroeconomics of the situation, and more.

Show Notes

[04.18] World’s reserve currency – Grant starts the conversation by explaining the economic benefit of residing in a country that has the world’s reserve currency.

[06.25] US dollar in the world – We discuss some of the reasons why the world deals in US Dollars

[12.39] Central banks – Grant explains why other countries’ central banks are borrowing US dollars.

[18.10] Holding the US dollar – We discuss the reasons other countries hold the US dollar.

[26.23] Losing reserve currency status – We discuss what will happen if US dollars lose their status as the world’s reserve currency.

Resources

The Dollar as the World’s Dominant Currency –

crsreports.congress.gov/product/pdf/if/if11707

US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low –

imf.org/en/Blogs/Articles/2021/05/05/blog-us-dollar-share-of-global-foreign-exchange-reserves-drops-to-25-year-low

Foreign Exchange Reserves: What They Are, Why Countries Hold Them –

investopedia.com/terms/f/foreign-exchange-reserves.asp

Episode #176: Navigating the Financial Side of Divorce

In this week’s episode of Grow Money Business, we are joined by Rachael Burns. Rachael is the proprietor at True Worth Financial Planning, a certified financial planner, and a certified divorce financial analyst who helps women navigate the financial side of divorce and widowhood. She joined us today to share her wisdom about the financial implications of getting a divorce, as well as some important consideration for female business owners entering this transition.

Show Notes

[04.47] Common Mistakes –Rachael starts the conversation by explaining some of the common mistakes women make when going through a divorce.

[15.51] Community Property States – Rachael explains the concept of community property.

[25.37] Common Misconceptions – Grant and Rachael discuss some common misconceptions people have regarding getting financial advice from their attorney.

[38.07] Focusing on Women – Rachael shares why she was focused on working with women.

[45.34] Stable Income – Grant and Rachael discuss how financial stability impacts the process of starting a new business.

[50.50] Needs of the Client – Rachael walks us through how she ensures she is meeting the needs of her clients.

Resources

Connect with Rachael

LinkedIn - linkedin.com/in/rachaelvburns/

Website -   trueworthfp.com/

xyplanningnetwork.com/