In episode 200 of Financially Simple, Justin revisits the topic of investing outside of your Business.
As a Business Owner, most of your wealth is tied up in your business and you plan on unlocking that wealth when you decide to sell or retire - but what if you can’t sell, or don’t get the best possible deal? Justin gives a quick revision on why you shouldn’t invest exclusively in your business and should look outside of your business for investment opportunities.
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00:42 - Financially Simple: 200th Episode
02:46 - Why Should a Business Owner Invest in Assets Outside of Their Business
06:21 - Some Stats
09:33 - Some Interesting Numbers
11:49 - Plan B
13:17 - Having All Your Eggs in One Basket
15:20 - Tax ROI
17:19 - Summary
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.