Episode 19 - The Many Hats of the Business Owner

Financial Implications of business ownership and how to do it well.

Being a business owner doesn’t just involve being a good practitioner of one’s craft. Are many business owners experts in their chosen field? Absolutely. But running a successful business often involves having a better-than-average understanding of finances, budgeting, logistics, communication, strategic planning, marketing, human resources, and so much more. In this episode of Inglorious Finance, Patrick and Mike introduce some of the financial implications of business ownership and how business owners can plan for financial stability, a happy workplace and eventually, their own profitable succession.

This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of the speakers and not necessarily those of Raymond James. Any examples included are hypothetical and for illustration purposes only. Actual results will vary.

Episode 14 - Behavioral Finance & Investor Psychology

Does your mind work for you, or against you, when making decisions about money and investments?

Have you ever had a hard time making an important financial decision, or later discovered you made a major mistake? Join Mike and Patrick as they talk about several well-known, but perhaps not well understood, aspects of behavioral finance. Stay tuned to the end, as this episode may make you ponder the objectivity of your own decisions!  

Resources:

https://www.wsj.com/articles/impatient-investors-get-caught-in-the-return-gap-1525658940

https://www.kitces.com/blog/datapoints-building-wealth-assessments-sarah-fallaw-thomas-stanley-millionaire-next-door-book/?utm_campaign=coschedule&utm_source=pinterest&utm_medium=Michael%20Kitces&utm_content=Predicting%20Wealth%20Building%20Behavior%20With%20DataPoints%20Assessment%20Tools

https://ofdollarsanddata.com/be-careful-what-you-choose-dd3cf7b45dd9

Episode 6 - IRA vs. Roth IRA & 401(k) Loans

Should you contribute to an IRA or a Roth IRA? And what’s the deal with 401(k) loans?

When you’re ready to save, it’s hard to know if you should contribute to an IRA before taxes or to a Roth IRA after tax. Join Patrick and Mike as they shed some light on this topic and discuss what a 401(k) loan is and whether you should do it.

Episode 2 - What the Heck is a Fiduciary?

Is your advisor working in your best interest?

The US Department of Labor's Conflict of Interest Rule - dubbed the "Fiduciary Rule" - is slowly taking effect. Join Patrick and Mike as they discuss what it means to be a fiduciary & what it means to investors.