Generation Wealth

Sometimes it makes sense to incorporate your business in order for you to protect yourself. Make sure you understand when it may be a good idea to add this extra layer of security in your business.

The age old questions with cars, buy or lease. There are some important things to think of when making this decision.

Although not as glamorous looking as owning a restaurant or a brewery distribution or wholesaling could be a good way to start a small business to supplement your income, or to grow into an empire

In this weeks episode we expore whether earning more money means you save more money.

This is the second part of the previous episode where we look into how to value a company.

There are many different thoughts on the way that a business should be handled and how people should be managed. Sometimes a manager may have to pick a distinct style, or even change that style from time to time in order to get the best results.

In todays society it is impossible to ignore the power of social media. Giants in the industry such as Facebook, Twitter, and Linkin, are invaluable when it comes to getting the word out about you and/or your business, as well as connecting with your customers and obtaining honest feedback.

In the financial world its of great benefit to be able to estimate the value of a business or have a better understanding of what your business may be worth or could be worth. In this episode we start to tackle the vast topic of valuing a business.

Unless you're manufacturing health supplements or opening a sporting goods store, health and wellness seem to get overlooked when talking about improving finances. Taking a little time out of the day to think about making yourself a little healthier can have a fantastic impact on your bottom line

There is a lot to be said about Exchange-Traded Funds and their potential benefits. We'll dive into what these type of funds are and whether or not they may be worth exploring

Its been said before that making mistakes is essential to being successful but do all those mistakes have to be yours? Possibly more important then making your own mistakes is finding someone who has already made those mistakes to help guide you past them.

Central banks such as the Federal Reserve for the United States of America play a huge part in the economy in a country. Knowing about what central banks do is essential to understanding the economy and banking can influence your business or finances.

There are times when the amount of money or time spent on something is the only thing left keeping you from giving up, but are those the right things to be thinking about. Understanding the effects that sunk cost can have on us may be the best way to ensure good decisions on whether to keep going or give something up.

The age old argument continues whether to rent or buy property and many people see the issue as pretty one sided. The classic knowledge on the topic seems to suggest if you're not paying you're housing budget into a property's equity then your throwing your money away, but does this hold true for everyone?

There is lots of good information showing that incentives can make employees feel valued and work harder, but without proper knowledge of how to best utilize incentives they could have the opposite effects.

Everyone has heard the phrase "Quitters never win and winners never quit," but does that saying actually hold up? Sometimes its about never quitting, but making the right decisions about what to quit and when.

There is a lot of mixed opinions of the popular phrase "Follow your passion" By reviewing and discussing the differeing opinions it will help solidify which choice is the best.

When looking into what you can charge for a product, there are a few basic guidelines that will give insight into what is the best price and strategy for what your looking to sell.

Its that time of year when your portfolios are feeling a bit neglected and need some TLC. At the beginning of the year as your yearly earning statements are coming in, and you’re getting ready for tax time, it's good to take a critical look at your investments so you know that everything is on track.

Sometimes you cant know how far you can go until you really push yourself to your limit. It's not easy and sometimes it's downright painful, but suffering through the hard times is what will make you stronger when you come out the other side.

Sometimes being forced into something different can be scary, but every change can be an opportunity to experience new things and grow.

Everyone wants to start their year off right, but is making new years resolutions the way to do that? Sometimes the seemingly harmless goals can do more harm then good if not made correctly or with enough resolve to follow through.

When starting a buisness or entering any sort of buisness arrangement a partnership may be something to consider. The upsides can be many, but make sure you also consider some of the downsides of working with someone else.

With the first year of the Generation Wealth podcast coming to a close Joe and Paul discuss some of their philosophies and how the first year has gone.

Some days the ability to concentrate on one thing and really focus is elusive. With some basic knowledge of how our brains work, and the science behind what allows us to focus we may be able to improve our focus and avoid unnecessary distractions.

It may not be the most exciting, and it may not be the most rewarding part of running a buisness, but understanding the fundamentals of accounting will have a dramatic affect on your success.

We make hundreds of decision every day. For the smaller decisions it may be easy to choose between the soup or the sandwich, but with bigger decisions a little more thought and a good method of getting to the best answer can make all the difference.

Sometimes changes are so small it may be hard to really track them. Small changes can over time turn into big changes if left too long, and sometimes big decisions can slip by unless a decision is made to track these changes and figure out when to pull the trigger.

With busy and hectic lives it can sometimes be difficult to think of all the amazing things we take for granted on a daily basis. By remembering how fortunate we are and taking time to relfect we can be more productive and happier.

The classic topic that has plagued everyone at some point. Putting something in the back of your mind for later may not necessarily be a conscious decision, but you can take the steps to give yourself the best chance to do the tasks you want to do, exactly when you should do them.

Don't worry were not talking about life force and energy beams or spirit healing when we talk about life energy. There are some things in this world that are not worth the amount of time or effort you need to put in to make a decent return. In this episode we find out the critical questions to ask to figure out if that effort is worth it.

When picking your next investment why not put it through some hurdles. To see what investments are worth your time and effort set up your hurdles and see if any can make it to the end.

The world of choosing investments may seem farily straitforward but there are some tricks that if you dont consider may muddy the water and make your investment seem better then it actually is.

Sometimes its hard to go that extra mile or to resist some temptation that goes against what your trying to achieve. This is just one of those things that goes hand in hand with being a human, were not all perfect, but the harder we work at it means the closer we'll get. Training yourself to have a high level of self discipline is not easy, but if you keep building it up it will be one of the most important tools that will aid you to success.

Its getting close to that time of year where the gifts will be flowing! For some people this time fills people with the joy of giving and for others the discomfort of parting with lots of money. Today we explore how to cut down on unnecessary spending while maximizing the joy of giving.

The old saying money can't buy happiness has been around for a long time, but does it still hold true in today's society? Did it ever hold true? There are many thoughts about what true happiness is and how money plays its part, in this episode we dive into a few of those thoughts.

If you're planning on getting a loan to start, or help your business grow, then you're going to have to write a business plan. Some people may feel that this is an unnecessary waste of time that they would never bother with, but we argue that making your business plan is one of the best things you can do for your business.

If residential real estate is your game then there is no way around dealing with tenants. Whether you have nightmare tenants or angels who make sure that no carpet fiber gets damaged there are a few good practices that will make sure things run as smooth as possible.

There is nothing more frustrating then being the victim of a company's poor customer service. What is the first thing immediately after the interaction to promise never to buy something from that company again! Customer service is not only vital to having your business survive, it will bring everyone else's disgruntled customers to your door.

No matter who you are or what your background is there is a set of skills that will benefit you in your everyday life. What are those skills you may ask? The ability to sell! Even though you never work in a sales environment it would be beneficial to learn the tools sellers use in their everyday interactions.

The importance of retirement is well known, but what are the best vehicles to get you there? A couple of the most common methods may still be shrouded in a little mystery so its time to dive into the details about what makes IRAs and 401Ks some of the most common retirement plans.

Is there such a thing a natural talent and does that stop you from being at the top of your field? Even though it may seem like some people have that knack for something, what that usually boils down to is all the hard work they've arleady put in. With the right practice strategies, nothing thats learnable is ever unattainable.

Being effective is crutially important in creating value in this world, and as we all know the best way to create and sustain wealth is to create value. This is why it is vitally important to be highly effective to get the most out of your work and personal life.

While out in the workforce there are sometimes what seems like barriers to get to a higher level. Many people take the intuitive to bridge the gap in these levels with more education, but is this the best use of your time?

What's much more important then making mistakes is making sure you don't make the same mistake twice. Sometimes its easy to get caught up in the hustle and bustle of everyday life that stop us from evaulating what we're not doing well at and how we can go about improving it, which is why taking the time to reflect every once in a while could be the difference between going around in circles and heading strait to the top.

Before any big purchase whether it be a house or a car or even a TV most people will put in their due diligence to make sure that what they are buying is what they want and will do the job its intended. If people are willing to spend that sort of time researching on a TV then they certainly should research whether or not their new business venture will succeed. The problem may be that people either assume that their idea is the best thing to come around since sliced bread, or maybe they didn't think that you could figure out before hand if there is a market demand for it. Well as were going to find out, there are lots of good ways to tell what sells.

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Normal.dotm 0 0 1 47 273 Dont Jump in the leaves!!! 2 1 335 12.0 0 false 18 pt 18 pt 0 0 false false false /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-ascii-font-family:Cambria; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Cambria; mso-hansi-theme-font:minor-latin;} Planning is important in everything you do whether it is in your business or everyday life, but there is often some thing missing from the planning process. What is it? Whether things go horribly wrong or perfectly to plan its important to make sure in every situation you know when, and how to bail out and pull the rip cord.

Retirement although, it may seem far away, is something that needs to be thought about throughout our lives. Target date funds are one option that seems hassle free and could deliver decent results, but what are they exactly, and what do we find when we look under the hood at the mechanics behind how they work?

We all know how important cashflow is in our lives and business, so it's time to make sure that the flow is strong. The amount of money coming in will fluctuates from month to month and year on year depending on circumstances which is why you have to make sure that your always maximizing what’s coming in and minimizing what’s going out. Normal.dotm 0 0 1 50 285 Dont Jump in the leaves!!! 2 1 350 12.0 0 false 18 pt 18 pt 0 0 false false false /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-ascii-font-family:Cambria; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Cambria; mso-hansi-theme-font:minor-latin;}