Info

Wealthy Wellthy Podcast

Let’s get to the truth of the matter. Can you live without money? Or your body? Yet, how tough is it to find time (and good help) for managing wealth or wellth?! Let’s make it infinitely easier to care for these 2 essentials of a rich life. Let’s cut through misguided, popular beliefs to get straight to the unconventional, bleeding-edge truths. You don’t have to waste any more time on your quest for the good life. Introducing Wealthy Wellthy™ Where the good life starts.
RSS Feed
Wealthy Wellthy Podcast
2021
February
January


2020
December
November
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
February


Categories

All Episodes
Archives
Categories
Now displaying: January, 2021
Jan 12, 2021

Do you have a tax planner on your side? How about a bookkeeper? 

Are you subconsciously abdicating all the decisions when it comes to your numbers? Do you only focus on making money in your business (revenue) but give all of the rest of the financial power away to a 3rd party? Do you think your tax planner or bookkeeper cares about your money as much as you do? 

Knowing how (and where) your money flows through your business and tracking the performance of every dollar is a game-changer when it comes to maximizing and optimizing how much money you ultimately make. And when I say make, I mean KEEP. 

Yes. You need an A-Team to help you manage your money and build your wealth -- BUT, that does not mean abdicating your finances to these experts. A lot of accountants that are preparing your taxes have only a fraction of the picture that necessary to maximize your profits and minimize your taxes owed. And, bookkeepers are administrative. They are there to take direction, not make decisions on how to report/track your monies. Not to mention, they have usually overworked themselves, trying to make ends meet, and don’t have the time it would require to pay attention to your books as necessary. 

You are the one that is the most intimate with your business and the most passionate to see it succeed. That is why knowing your numbers is so important. Cash flow management is the name of the game.

Looking only at your top line is useless. You need to pay attention to your bottom line. That’s where the money is! Think profit first then all the rest will fall into place. Figure out what your short term and long term goals are. Figuring those out will help you set your profit goal which ultimately determines your revenue targets.

I enjoyed this conversation with Tatiana Tsoir. She is a CPA and bookkeeper who is not your average CPA and bookkeeper. You'll hear how she and I are completely aligned with how we coach business owners to think about their money and as a result manage it! Tatiana helps business owners become the boss of their bottom line so that they can make money doing what they are most passionate about.

 

We run the gamut of topics in this interview!

  • What is a Tax Planer
  • Having Sovereignty Over Your Numbers
  • Cash Flow Management
  • Entity Matrix
  • Long Term & Short Term Goals
  • Why You Need To Think Profit First
  • Are You Volume Oriented Or Quality Oriented
  • Price Theory
  • Why You Need Three Tiers To Your Product And Or Service.
1