real estate investing pitfalls revealed, mark dolfini, the landlord coach

Real Estate Investing Pitfalls Revealed {PODCAST}

  Mark Dolfini, the Landlord Coach and author of the Time Wealthy Investor, advises those who want to own and invest in residential rental property. The right way! Mark learned early on, the hard way, how NOT to run a rental property business. In today’s episode, Mark shares his story and reveals the pitfalls beginning and seasoned real estate investors …

Retirement options for the self employed

Retirement Options for the Self Employed {PODCAST}

401(k), SEP, SIMPLE, IRA… what’s best for me? There are more retirement options for the self employed than you might think! As a self-employed individual, there are many different retirement plan options to choose from. My special guest, Darren Wurz, of Wurz Financial Services, will clarify the differences and explain the advantages and disadvantages of each so you can decide what …

How Much Should I Pay Myself in My Business, Christine Luken, Financial Lifeguard

How Much Should I Pay Myself in My Business?

“How much should I pay myself in my business?” This question always comes up when I’m coaching a self-employed business owner. The short answer is: “It depends!” Yes, it would be nice if I could just give a cookie cutter answer like, “Pay yourself 60% of your profits, invest 10% back into your business, and save 30% for your estimated tax …

Smart Financial Risk, Christine Luken, Financial Lifeguard

Smart Financial Risk Taking

Smart financial risk taking is woven into the fabric of the entrepreneurial life.  If you’re a risk-adverse small business owner, it’s likely you’ll have ulcers and empty pockets before too long.  When it comes to managing your money within your business, where is the fine line between smart financial risk taking and recklessness? Being too scared to invest money in your business is …

4 Money Mistakes Entrepreneurs Make, Christine Luken, Financial Lifeguard

4 Money Mistakes Entrepreneurs Make

I’m quite sure that I can come up with more than four money mistakes entrepreneurs make in their businesses! What percentage of small business fail? 50% of small businesses will not survive 5 years and 70% will not make it to their tenth year in business.  How can you beat the odds and ensure that you business not only survives, …