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    Business

    DecaMillionaire Decoded

    No fluff. No theory. Just real conversations with real business owners doing real numbers.

    Hosted by entrepreneur and exit strategist Justin Goodbread, DecaMillionaire Decoded helps service-based business owners scale past $10 million in enterprise value. Each episode delivers hard-earned strategies, honest insights, and tactical advice from those who have built, scaled, and exited companies at a high level — and from experts who coach them.

    Through direct interviews and expert breakdowns, Justin walks listeners through the Relentless Framework: Foundation, Examination, Execution, Exit, and Freedom.

    Whether you’re already generating 6- to 7-figures or building toward your own 8-figure breakthrough, DecaMillionaire Decoded will help you turn chaos into clarity—and frustration into freedom.

    New episodes drop every Monday and Thursday.
    Subscribe now and start scaling with clarity and confidence.

    While all the insights shared are for educational purposes, remember to seek advice from a professional regarding your unique circumstances. DecaMillionaire Decoded is a Financially Simple production.

    Advertise
    • Apple Podcasts
    • Google Play
    • Spotify

    Latest Episodes:
    Ask Justin: I've Inherited a Family Business, Should I Sell It or Grow It? Feb 17, 2020
    Show notes

    In episode 228 of Financially Simple, Justin answers a listener's question on inheriting a Family Business.

    Jack has taken over his late father's business, and asks for guidance on whether he should continue with the business and grow it further or sell it. Justin gives advice based on his own experiences as a business owner and a financial advisor to other business owners.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:13 - Ask Justin: I've Inherited a Family Business, Should I Sell It or Grow It?

    03:47 - A Few Things To Consider

    07:09 - Owning A Business In The Real World

    10:25 - The Responsibility

    14:54 - Personal Choices

    17:35 - Summary

    _________________

    RESOURCES:

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    Ask Justin a Question

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: How Does the Stock Market React During a Presidential Election Year? Feb 13, 2020
    Show notes

    In episode 227 of Financially Simple, Justin gazes into his crystal ball to answer a listener's question on predicting the stock market during an election year.

    Tiffany asked, "How does the Stock Market react during a Presidential Election Year?" Justin looks at different studies that have tried to analyze the market's movements, in order to predict outcomes.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:45 - How Does the Stock Market React During a Presidential Election Year?

    03:06 - Not The First To Ask This, And Won't Be The Last

    04:13 - A Way to Beat the Market

    06:49 - Past Performance is Not Indicative of Future Results

    08:49 - Can the Presidential Election Actually Influence the Stock Market?

    11:23 - The Pepperdine Study 1942-2002

    14:32 - Bear Markets

    15:34 - Conclusion

    18:34 - Wrap Up

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    The Pepperdine Study 1942-2002

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: How Do You, Justin, Handle The Stresses Of Being a Business Owner? Feb 10, 2020
    Show notes

    In episode 226 of Financially Simple, Justin answers two questions from different listeners, relating to his own business practices.

    Cindy asks Justin, "How do you, as a Business Owner, handle the stresses of running your business?" And Himan asks, "How do you handle decisions and doubt?" Justin has a candid "fireside chat" about these issues, and how he personally deals with them.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:41 - Ask Justin: How Do You, Justin, Handle The Stresses Of Being a Business Owner?

    03:24 - Guard Your Heart And Mind

    05:56 - Have a Positive Mindset

    07:41 - Keep Good Counsel

    08:32 - There's Always a Way

    11:39 - Doubt In Your Vision

    16:22 - How To Make Decisions

    20:14 - Wrap Up

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: What Steps Should I Take To Decide If I Should Accept An Offer To Buy My Business? Feb 04, 2020
    Show notes

    In episode 225 of Financially Simple, Justin answers a listener's question on what steps to take if you receive an offer for your business.

    Charlie asks Justin, "What steps should I take to decide if I should accept an offer for my business?" Justin explains what factors to assess in your personal life, and within the business itself, to determine whether or not the business should be sold.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:40 - Ask Justin: What Steps Should I Take To Decide If I Should Accept An Offer To Buy My business?

    03:19 - Review Your Current Financial Position

    03:42 - What Total Income Do You Need

    05:02 - Life Expectancy

    06:33 - Is Your Business Sellable?

    07:46 - What If Your Business Isn't Sellable Yet?

    08:58 - Will The Sale Cover Retirement?

    10:42 - Plan Ahead

    12:06 - Wrap Up

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    Blog Post: The Re-Trade In A Business Sale

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin & Jeff: How Do I Determine How Much I Need To Retire? Jan 30, 2020
    Show notes

    In episode 224 of Financially Simple, Justin and guest co-host Jeff Jeter look at the personal finance needs of Retirement.

    Podcast listener Sarah asks, "How Do I Determine How Much I Need to Retire?" Justin and Jeff look at the personal and business criteria, as well as other considerations to take into account when determining How Much.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    03:09 - Ask Justin & Jeff: How Do I Determine How Much I Need To Retire?

    03:45 - What Does Your Retirement Look Like?

    06:21 - Domestic & Business Expenses

    08:36 - How Much Will You Spend In Retirement?

    10:11 - How Long Will Retirement Last?

    12:57 - Other Considerations

    13:36 - Financial Calculators

    16:20 - How To Work It Out For Yourself?

    18:39 - Summary

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: What Should I Be Doing Right Now in My Business Finances? Jan 23, 2020
    Show notes

    In episode 222 of Financially Simple, Justin answers the second part of a question regarding plans for the new year.

    Tim asks, "What is the number one thing I should be doing right now in my Personal Finances, and Business?" Justin addresses the second part of the question, regarding Business Plans, and briefly goes over the need for Strategic Planning.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:27 - Ask Justin: What Should I Be Doing Right Now in my Business Finances?

    03:18 - Get a Handle on Your Business by Planning

    06:48 - What is Strategic Planning?

    11:04 - Why Does it Matter?

    13:48 - In Summary

    15:07 - Wrap Up

    _________________

    RESOURCES:

    Financially Simple's Strategic Planning Course

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES: This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: What Should I Be Doing Right Now in my Personal Finances? Jan 20, 2020
    Show notes

    In episode 221 of Financially Simple, Justin answers a question regarding plans for the new year.

    Tim asks, "What is the numbering thing I should be doing right now in my Personal Finances, and Business?" Justin gives his opinion for having a fresh start to the year 2020, and addresses the issue of Personal Finances in this first part of of the answer.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:58 - Ask Justin: What Should I Be Doing Right Now in my Personal Finances?

    02:52 - 2020, a Fresh Start

    04:16 - Have a Clear Vision

    08:55 - What do YOU Want to Accomplish?

    13:16 - Wrap Up

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES: This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: The HRA - What They Are and How They Work Jan 16, 2020
    Show notes

    In episode 220 of Financially Simple, Justin answers a question about having a Health Reimbursement Arrangement.

    A listener of the podcast asks, "I am a CPA about to get clients involved in a Spouse-Only HRA - What did you mean in your article 'You must have a health plan to participate,'?" Justin responds, explaining what HRAs are, how they work, and the rules that apply.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:08 - Ask Justin: The HRA

    01:55 - The Question

    02:25 - Hiring a Spouse as an Employee

    03:58 - What is an HRA?

    05:18 - 1: The Business Sets a Monthly Allowance Amount

    10:33 - 2: Employees Buy What Fits Their Personal Needs

    11:15 - 3: Employees Submit Proof of Purchase

    12:26 - 4: The Business Reimburses Employees

    12:50 - Answering The Question

    17:09 - Special Rules

    19:19 - Summary

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

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    IRS Publication 502

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: Starting an Investment Jan 13, 2020
    Show notes

    In episode 219 of Financially Simple, Justin answers a question posed to him by a listener of the podcast.

    Podcast listener, Allan - recently divorced and coming up to retirement - poses the question, "How should I go about starting an investment fund with my specific situation, and what are the costs?" Justin goes over the question and gives his suggestions for a plan of action.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    00:45 - Listener Questions: Starting an Investment

    02:38 - Allan's Question

    04:23 - Breaking it Down

    07:13 - Taxes, Income, and Benefits

    09:00 - Home Improvement vs. Saving

    12:27 - Retirement Ready?

    16:31 - A Plan of Action

    18:10 - Investment Fees

    22:07 - Wrap Up

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


    Ask Justin: Q&A Session Jan 09, 2020
    Show notes

    In episode 218 of Financially Simple, Justin answers a question posed to him by a listener of the podcast.

    Podcast listener, Adam from Grand Rapids MI, poses the question, "Should I pay off my house early and invest until retirement, or sell and buy my retirement home with the plan to have it paid up by retirement?" Justin breaks down the question, bit-by-bit, and gives his take on the matter.

    Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!

    _________________

    TIME INDEX:

    01:21 - Ask Justin: Q&A Session

    02:09 - Getting in Touch to Ask a Question

    03:45 - Adam's Question: Should I Stay or Should I Sell?

    05:52 - Breaking it Down

    17:26 - The Big Question

    24:47 - Justin's Take

    27:08 - Wrap Up

    _________________

    RESOURCES:

    Ask Justin a Question

    Financially Simple Educational Website

    Financially Simple on YouTube

    Subscribe to the Financially Simple Newsletter

    NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

    _________________

    BIO:

    Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute's Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast's guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast's hosts, or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes the use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements.

    Advisors who wished to be ranked in Investopedia's Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia's Top 100 Financial Advisors List.

    The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.

    This podcast might recommend products or services that offer Financially Simple compensation when you use them. This compensation is used to help offset the cost of creating the content. We will, however, never suggest products/services solely for the compensation we receive.


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