I offer financial support for those entrepreneurs and CEOs in a way that they have never experienced before. I have spent 16 years in financial planning helping people create beautiful, data-driven, detailed financial plans that will help them get from where they are now financially to where they want to go….

What would you do if you went from making $60,000 per year to $500,000 per year or more, over the course of 12 to 24 months? Logically, you’re thinking that you’ll pay off debt, save some of it. You know, “responsible” things.

...if you were one of the business owners that applied for and received a PPP loan to make sure you would be able to keep your business open amidst all the uncertainty of COVID-19, and then you ended up having a good or even great year in 2020, you might be sitting on more cash in your business than you’ve ever had before, whether that’s $12,000 extra or $200,000 extra or more.

Charitable giving can take many forms and can start at any level, from donating $50 to a local women’s shelter or children’s charity to creating a scholarship fund or private foundation with millions of dollars (or billions). But if you’ve never done more than donate small amounts here and there, you may not understand how you can reach a level of giving that creates a significant impact like Ms. Scott is doing now. And you don’t have to help found the next $1.5 Trillion dollar company to do it!

As entrepreneurs, we dream of making it BIG. We hone our skills for years, and sometimes go through 2, 3, 4 or more iterations of our business before it starts gaining traction, all while dreaming of the day that we’ll make $20,000, $50,000, $100,000 per month and more.

Do you want to retire? It’s a question that stumps a lot of entrepreneurs, even though it seems like it should have an easy “yes” or “no” answer. But recent studies have shown that the under-50 crowd really doesn’t think about retirement the way prior generations did.

About two months ago, I bought three tiny plants at my local nursery and put them in the same pot assuming they’d all grow evenly. What happened instead is that one plant took off and grew like gangbusters, and the two in front have grown at turtle speed. It looks…weird.

An Instagram influencer walks in with $1,000,000 in cash from endorsements. She doesn’t know what she should be doing with her money, but her CPA said “you should talk to a financial advisor.” So she did, but only after a year of phone tag and rescheduled appointments.

So we’ve got our apple carts all lined up, and now we’re looking at the Roth IRA apple cart. This cart is special, because it has tax benefits that you don’t get with the other carts (Traditional IRA, regular Brokerage account, even a Money Market account). You have to pay taxes before contributing to the Roth IRA, but when you follow the distribution rules laid out by the IRS the withdrawals are completely tax free later on!

“IRA” stands for Individual Retirement Account, and there are all different kinds of IRAs depending on what you’re trying to accomplish. We’re not going to go through all of the types of IRAs in this post, though, we’ll break it down and start with the Traditional IRA. First, an IRA isn’t an investment, so opening one and throwing money into it won’t automatically mean it’s going to grow when you hear someone on the news say “The Dow hit a new all-time high today!” (We’ll talk about what “The Dow” and “The S&P 500” mean later.) Instead, think of an IRA as an empty apple cart. In fact, all your accounts are empty apple carts!