A Quick and Dirty Outline to Setting and Achieving Financial Goals
Release Date: 01/15/2024
Business Exit: Are You Being Pushed or Pulled?
Entrepreneur Aligned Podcast
We will all exit our business someday. The question we need to answer is, “Am I being pushed to exit or pulled into it?” The distinction between the two is entirely about you as the entrepreneur and not about the business itself. When you are being pushed, it is typically because you feel that you cannot continue with the business as it is. There is something missing which makes continuing not a viable option. A pull exit is when you feel something else pulling you to it. This is a feeling that something else is waiting for you, and you need to go to that something else. A pull exit...
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How Tax Planning Differs from Tax Compliance
Entrepreneur Aligned Podcast
As an entrepreneur, the tax decisions you make can be broad and long term. When done correctly, tax planning is something that is incorporated into your business management cadence throughout the entire year. In today’s episode of the Entrepreneur Aligned Podcast, let's talk about the key differences between tax compliance and tax planning and the wealth of possibility that can come from having right planning-focused CPA in your corner. ----- ABOUT JARROD Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve...
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4 Pitfalls of Mixing Business and Personal Wealth
Entrepreneur Aligned Podcast
In the world of entrepreneurship and business ownership, it's easy to blur the lines between your business's financial success and your personal wealth. Many small business owners and entrepreneurs pour their hearts, souls, and resources into their companies, hoping for financial success. While it's a commendable endeavor, it's crucial to distinguish between business wealth and personal wealth. Why? Failing to do so can have significant consequences for your financial well-being, your family's future, and even your overall happiness. In this week's episode, we will delve into the...
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Navigating Succession as a Small Business Owner
Entrepreneur Aligned Podcast
Every business will transition to new owners at some point. Creating your vision for that transition well in advance sets you up for success. In today’s episode of the Entrepreneur Aligned Podcast, Jarrod reveals the five key components to consider when planning your exit strategy as a small business owner. ----- ABOUT JARROD Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was...
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Why You Need to Engage in External Business Valuations
Entrepreneur Aligned Podcast
Engaging in business valuations is paramount to your success as an entrepreneur. In this episode of the Entrepreneur Aligned Podcast, we will address the four key elements that most often drive equity value. More importantly, we will focus on the untapped potential of using business valuations as an important tool in your planning and how tracking business equity value well in advance of any sale adds significant value for owners. ----- ABOUT JARROD Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling...
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How to Ensure Business Continuity
Entrepreneur Aligned Podcast
Entrepreneurs invest their lives in building and nurturing businesses, channeling passion and energy into their success. Amidst the hustle, one critical aspect often overlooked is business continuity planning. Addressing the uncomfortable question, "What happens if something happens to me?" is vital to safeguard both your business and your loved ones. In this episode of the Entrepreneur Aligned Podcast, we explore the importance of business continuity planning and ways to prevent burdening your spouse with the responsibility of running the business, all while ensuring their financial...
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Why We Need to Normalize Money Conversations at Home
Entrepreneur Aligned Podcast
Money – a topic that often lingers in the background, whispered about in hushed tones, or avoided altogether. However, the benefits of normalizing money conversations within our households far outweigh the discomfort that may initially arise. In this episode of the Entrepreneur Aligned Podcast, we'll explore the importance of breaking the silence around money and provide tips on how to foster open, healthy discussions that can positively impact your family's financial well-being. ----- ABOUT JARROD Jarrod was born into financial planning and solving financial problems....
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The Pursuit of “Enough”: Escaping the Endless Financial Chase
Entrepreneur Aligned Podcast
In today's dynamic world, particularly for entrepreneurs, the pursuit of financial success often feels like an ongoing marathon with a perpetually shifting finish line. As we navigate the complexities of personal finance, the critical question arises: What is "enough"? How can we escape the trap of perpetually chasing a goalpost that seems to elude our grasp? In this episode of the Entrepreneur Aligned Podcast, we delve into the concept of "enough" and share insights on discovering contentment within the ever-changing landscape of financial aspirations. ----- ABOUT JARROD...
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Navigating Generational Wealth: Strategies for Closely Held Businesses
Entrepreneur Aligned Podcast
In the realm of closely held businesses, the transition of wealth across generations is a pivotal consideration, especially given the impending changes set by the Tax Cuts and Jobs Act (TCJA) at the end of 2025. In this week's episode, Jarrod explores the complexities and strategies associated with generational wealth transfer, including estate taxes, gift exemptions, and key tools such as ILIT and GRAT. ABOUT JARROD Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early...
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Tax Strategy Insights: Paying Children in Your Business and Charitable Giving Options
Entrepreneur Aligned Podcast
As business owners, it is essential to skillfully navigate the intricate terrain of tax planning to optimize financial efficiency and minimize liabilities. Over the past few months, we've received several pertinent tax questions from business owners seeking to optimize their tax strategies. In this episode, we delve into two key inquiries and explore actionable solutions. ABOUT JARROD Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that...
info_outlineFinancial success requires a clear roadmap and a commitment to setting and achieving meaningful goals. In this week's episode, we'll explore the significance of setting financial goals, the steps to define them effectively, and strategies to ensure their successful attainment.
ABOUT JARROD
Jarrod was born into financial planning and solving financial problems. With his financial advisor father Steve telling stories about finance around the dinner table from an early age, the idea that everyone has a different financial situation was always there. After an early professional career spent in nonprofit and government, Jarrod came back to his roots helping people plan and invest in 2011. Since then, he has worked with individual clients, led internal teams and ultimately became partner and the CEO of Destiny Capital in 2017. With a passion for helping entrepreneurs change the world, Jarrod ultimately oversaw the creation of Entrepreneur Aligned in 2020. With both Destiny Capital and Entrepreneur Aligned, Jarrod leads teams that help people live lives of abundance where money is simply a tool to let everyone be a positive force for the world around them. When he isn’t working with the talented teams for EA and DC you can find him chasing his twins, wily trout or a podium spot at an OCR race.
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DISCLOSURE: Jarrod Musick is an officer of Destiny Capital and Entrepreneur Aligned, a DBA of Destiny Capital. All opinions expressed by Jarrod are solely his own opinions and do not reflect the opinion of Destiny Capital or Entrepreneur Aligned. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. We recommend consulting with your wealth advisor, CPA/tax advisor and/or attorney, as applicable to your situation, prior to implementing a new investment strategy. Advisory services provided by Destiny Capital Corporation, a Registered Investment Adviser.