ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "The Aaron Advantage Podcast Episode 24 with Erik Goodge"
Episode Synopsis
Aaron Luttrull welcomes his guest Erik Goodge of uVest Advisory Group once again.
This time, Erik specifically addresses some investment concerns for Realtors and their "lumpy" income. Realtors seem to hold on to their cash (since their income can be up and down) until it causes a "cash drag" on their financial health. Other small business owners can fall into this category as well. If you want to end up with a "work optional life" there are a few things to help keep from getting that "cash drag".
1. Cash Management - Keep about 2 months of expenses in your regular checking. Have about 4 months of expenses in your savings and then get a brokerage account to use to invest your extra cash (this can still be an account that can be fairly liquid).
2. Retirement & Tax Planning - IRAs and Solo 401Ks are good for a stand alone business owner.
3. Unique Investment Needs - Make sure you have an appropriately diverse portfolio. Everything in one area of investment opportunities is dangerous. Having your employment income tied to your employment funds can make you a double loser if you lose your job.
Of course this is just a taste of the podcast. Enjoy the chat and if you have any investment questions contact: Erik Goodge: 812-499-5252 or [email protected]. Also, if you have an real estate concerns or questions, contact Aaron Luttrull: 812-779-3273 or [email protected].
Click HERE for the video
Music: It Just Makes Me Happy by Dj Quads
This time, Erik specifically addresses some investment concerns for Realtors and their "lumpy" income. Realtors seem to hold on to their cash (since their income can be up and down) until it causes a "cash drag" on their financial health. Other small business owners can fall into this category as well. If you want to end up with a "work optional life" there are a few things to help keep from getting that "cash drag".
1. Cash Management - Keep about 2 months of expenses in your regular checking. Have about 4 months of expenses in your savings and then get a brokerage account to use to invest your extra cash (this can still be an account that can be fairly liquid).
2. Retirement & Tax Planning - IRAs and Solo 401Ks are good for a stand alone business owner.
3. Unique Investment Needs - Make sure you have an appropriately diverse portfolio. Everything in one area of investment opportunities is dangerous. Having your employment income tied to your employment funds can make you a double loser if you lose your job.
Of course this is just a taste of the podcast. Enjoy the chat and if you have any investment questions contact: Erik Goodge: 812-499-5252 or [email protected]. Also, if you have an real estate concerns or questions, contact Aaron Luttrull: 812-779-3273 or [email protected].
Click HERE for the video
Music: It Just Makes Me Happy by Dj Quads
More episodes of the podcast The Aaron Advantage
The Aaron Advantage Podcast: Brisket Biscuit
06/05/2023
In God we trust