Grow Money Business with Grant Bledsoe

Since we are in the middle of tax season, this week's episode of the Grow Money Business Podcast is dedicated to basic tax principles for business owners. Throughout the episode, we dive into the difference between credit and deduction, common misconceptions about tax brackets, cash accumulation, and more. [06.10] Credit vs. deduction – Starting the discussion, Grant explains the difference between a credit and a deduction. [11.05] Misconception – We go through the most common misconception regarding tax brackets and why people need to be aware of it. [15.19] Business owners – Business owners being insecure about taking cash out of their business account for fear of additional taxation is one of the biggest misconceptions, says Grant. [23.04] Cash accumulation – Grant explains the reason for cash accumulating in business accounts and the effective uses of that kind of cash. Resources: A Tax Guide for Small-Business Owners – nerdwallet.com/article/small-business/small-business-tax-preparation 2022 complete list of small-business tax deductions – quickbooks.intuit.com/accounting/small-business-tax-deductions/

Investing is good, especially for young people. But they have to be careful about where they invest their money. There seems to be a growing number of young people who are interested in technical analysis by following social media videos without a fundamental grounding. In this week's episode of the Grow Money Business podcast, Grant discusses his thoughts on technical analysis and its place today. [03.16] Technical analysis – Starting the conversation, Grant explains technical analysis and how people often overlook its legitimacy. [10.55] Choosing securities – Grant shares the risk of choosing securities based only on technical analysis. [18.06] Top-down approach – Grant walks us through the levels of the top-down approach for technical analysis. [22.50] Investing – Grant shares his thoughts on the interest among young people to invest and what kind of risks await them if they don't evaluate what they are investing money for. Resources: Technical Analysis: What It Is and How to Use It in Investing – investopedia.com/terms/t/technicalanalysis.asp Technical analysis: Using historical patterns and group behavior to predict future moves in stocks and other assets – businessinsider.com/personal-finance/technical-analysis?op=1

This week's episode of Grow Money Business podcast is all about loans and cash. Throughout the episode, we discuss 401K plans, personal loans, credit cards, margin loans, home equity lines of credit, and more. [04.08] Personal loans - Starting the conversation, Grant defines personal loans and how they work in paying off your credit card. [08.00] HELOC – Grant explains the home equity line of credit and its advantages and disadvantages. [16.38] 401K plan – Grant dives deep into how 401K loans work, their advantages, and the unnecessary taxes and penalties that come with them. [19.00] Margin loans – We talk about margin loans and the implications that come with them. [29.20] Hypothecation – Grant defines hypothecation and what's happening behind the scenes. Resources What is a Margin Loan and How Does It Work? – supermoney.com/what-is-a-margin-loan-and-how-does-it-work/ 401(k) Loans: Reasons to Borrow, Plus Rules and Regulations – investopedia.com/articles/retirement/08/borrow-from-401k-loan.asp

Bitcoin and Ethereum are the two biggest cryptocurrencies in the world. They experienced a severe fall last year, but in the past couple of months, they have started to rebound. It's time to stay alert if you are interested in purchasing cryptocurrency ahead of time. This week on the show, we discuss whether it's a good idea to jump back into cryptocurrency, how to make a Bitcoin purchase, cryptocurrency as an alternative investment, the current state of El Salvador, and more. [06.26] Bitcoin transaction – Grant explains the effectiveness and efficiency of Bitcoin transactions, which are direct transactions through the world banking system. [14.22] Purchasing Bitcoin – Grant explains the process of purchasing cryptocurrency. [18.50] Alternative investment – Grant walks us through the areas we need to address and makes sure they are safe if we are to purchase cryptocurrency. [23.43] El Salvador: Grant explains how El Salvador became indebted to the tune of $800 million after accepting Bitcoin as legal currency. Resources: El Salvador says it paid maturing $800 million bond – apnews.com/article/cryptocurrency-politics-nayib-bukele-el-salvador-bitcoin-ba35f3d24c9e866e5dcd410e1eb456bd How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors – cnbc.com/2022/12/18/how-sam-bankman-fried-ran-8-billion-fraud-government-prosecutors.html Coinbase - coinbase.com/ Kraken - kraken.com/ Bitcoin - bitcoin.org/en/ Ethereum - ethereum.org/en/

It's never too late or too early to make your kids save money because saving today is an investment in the future. In this week's episode of the Grow Money Business podcast, Grant talks about the financial lessons you should teach your kids. Throughout the conversation, we cover, the importance of saving, compound interest, tax-advantaged investing, employing your kids in your business, and more. [05.51] The importance of saving – Starting the conversation, Grant shares why we need our kids to know the importance of saving money for themselves. [09.35] The power of compound interest – Grant discusses how to make kids save money by showing and guiding them through compound interest. [18.06] Compound growth – Grant shares the importance of long-term compound growth and how powerful it can be. [20.03] Tax-advantaged investing - Grant walks us through the right time to introduce tax-advantaged investing to your children. [25.26] Employing – Grant shares how to employ your kids in your business if you have that kind of opportunity and save cash on their behalf.