PODCAST EPISODE 140: ENTREPRENEUR VS. FIDUCIARY

EPISODE SUMMARY

In this episode of Your Business, Your Wealth, Paul and Cory discuss mapping out a solid fiduciary strategy for your business and life. They talk about the distinct roles and responsibilities of an entrepreneur and a fiduciary. Finally, Paul and Cory stress the importance of building a personal balance sheet that aligns with your future goals.

WHAT WAS COVERED

  • 01:33 – Today’s topic: Entrepreneur vs. Fiduciary
  • 02:28 – This Week in Planning
  • 04:13 – The importance of being your own fiduciary
  • 05:18 – Cory defines the term ‘fiduciary’
  • 06:36 – Paul defines the term ‘entrepreneur’
  • 07:52 – What is the goal with your money?
  • 10:04 – The importance of making your business work for you
  • 13:35 – Risk tolerance
  • 15:15 – Building a solid fiduciary strategy
  • 17:48 – The Four Percent Rule, revisited
  • 19:16 – Reflecting on how much your business would sell for today
  • 21:04 – Cory interrupts the podcast to provide the audience with a special offer
  • 22:43 – What are you investing in and does it pass the fiduciary standard?
  • 23:43 – Paul recalls a client who made a questionable investment that negatively impacted his liquidity
  • 26:04 – Building a personal balance sheet for your future self
  • 28:29 – Paul leaves the audience with some actionable advice
  • 28:42 – Paul announces a special limited time offer for the audience

TWEETABLES

LINKS

Sound Financial Group’s Website for a Financial Inquiry Call – Info@sfgwa.com (Inquiry in the subject)

Sound Financial Group on Facebook

Sound Financial Group on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork

Mike Michalowicz’s Book

This Week In Planning Article

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MUSIC CREDITS

“Legends Are Made” Copyright 2017. Music, arrangement and lyrics by Sam Tinnesz, Savage Youth Music Publishing SESAC and Matt Bronleewe, UNSECRET Songs SESAC

ATTACHMENTS

PRODUCTION CREDITS

Podcast production and marketing by FullCast

Recorded using Switcher Studio: sales@switcherstudio.com