Mastering Exit Planning For Business Owners
The Runway Decade Podcast
In this episode of The Runway Decade Podcast, Bill and Pete Bush dive into the vital subject of exit planning for business owners, particularly those in their fifties. Pete shares insights from earning his Certified Exit Planning Advisor (CEPA) designation and outlines how business owners can start planning for a successful exit—years in advance. They walk through the three-legged stool of readiness, the impact of intangible capital, the structure of a successful exit team, and the value acceleration methodology that helps business owners be always ready, not just at retirement. Whether...
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Navigating Financial Wisdom: Quotes for Success
The Runway Decade Podcast
collection of quotes—from their book and beyond—that offer meaningful lessons about personal responsibility, discipline, investing, and long-term planning. Each quote sparks discussion on how these timeless insights apply to real financial life, especially for those in their 50s preparing for retirement. From Yogi Berra to Warren Buffett, the conversation is packed with wisdom and motivation to take action and shape your future today. ⏱ Time-Stamped Show Notes & Chapters: 00:00 – Preflight Announcement & Intro to the Theme The brothers set the tone with a fun “tray...
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Preparing for Risks in Retirement
The Runway Decade Podcast
In this episode, Bill and Pete Bush take a deep dive into the various risks associated with retirement. Drawing from their ongoing studies for the RICP (Retirement Income Certified Professional) designation, they unpack key categories of risk that can derail even the most well-thought-out retirement plans. From longevity and health concerns to market volatility and public policy shifts, they emphasize the need for proactive planning, emergency buffers, and a realistic outlook. This is not about fear—it’s about readiness. ⏱️ Episode Timestamps & Topics: 00:00 – Intro:...
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Play Ball!
The Runway Decade Podcast
In this episode of The Runway Decade Podcast, Bill and Pete discuss the intersection of baseball and financial planning. They explore how teamwork, coaching, and early financial education shape success, drawing insightful parallels between the sport they love and the business they live in day-to-day. From the importance of visualization and mindset to the timeless principles that stand the test of time, this episode is packed with valuable takeaways for both baseball enthusiasts and financial planners alike. Key Topics: 00:01 – Introduction Bill and Pete kick off the episode with the...
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New Year, New Focus
The Runway Decade Podcast
Episode Highlights with Timestamps [00:00] Introduction: Cleared for Takeoff The episode begins with a friendly welcome from Bill and Pete Bush. Reflecting on the transition into 2025: New beginnings, fresh plans, and the excitement (and challenges) of the New Year. [02:00] Why New Year's Resolutions Fail Pete discusses Steven Pressfield’s The War of Art and the concept of “Resistance,” the internal force that challenges personal growth and improvement. How to recognize and overcome resistance to stay committed to your goals. [04:00] Start the Year with a Financial Check-In Bill...
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Year-End Mindset
The Runway Decade Podcast
In this episode of The Runway Decade Podcast, Bill Bush and Brother Pete focus on the importance of adopting the right mindset as the year ends. They emphasize actionable steps for financial planning, highlight key year-end deadlines, and discuss how proactive health and financial practices overlap. Reflecting on their personal experiences and the importance of gratitude, they guide listeners on how to approach 2025 with clarity and intention. Key Discussion Points 00:00 – Introduction to the Runway Decade Podcast Bill kicks off the episode with a signature aviation-themed welcome....
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The Road Diverges
The Runway Decade Podcast
Introduction Hosts Bill and Pete Bush dive into a thought-provoking discussion about a pivotal moment in every financial journey where "the road diverges." This episode explores the crucial choice people face when determining their financial future—one path leading to confidence, success, and security, while the other leads to regret and missed opportunities. Bill and Pete share insights on why some struggle to choose the more secure path and how to build momentum toward financial confidence. Episode Highlights · [00:22] The Diverging...
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Taking Action!
The Runway Decade Podcast
In this episode of The Runway Decade, Bill and Pete dive into the crucial topic of taking action in financial planning. They emphasize the importance of creating an actionable checklist and how an accountability partner can help keep you on track. The discussion highlights the psychological concept of visualizing your future self and its impact on your current financial decisions. Throughout the episode, Bill and Pete stress that planning without implementation is meaningless and that financial progress comes from adapting your plans to life's changing circumstances. They encourage listeners...
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Ways To Get There
The Runway Decade Podcast
Summary: In this episode of The Runway Decade Podcast, Bill and Pete Bush of Horizon Financial Group and authors of the book The Runway Decade, discuss the various strategies and financial vehicles available to help you achieve your retirement goals. They dive into the importance of planning for a potentially lengthy retirement, managing risk versus volatility, and the significance of having the right tools to ensure financial success. Key Topics Discussed: [00:00] Planning for Retirement: Funding Your Desired Lifestyle Understanding where you are now and where you want to go. The...
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What's Working? What's Not?
The Runway Decade Podcast
In this episode of the Runway Decade Podcast, hosts Bill Bush and Brother Pete delve into the intricacies of managing finances as you approach the later stages of your career, emphasizing the common financial planning mistakes and how to correct them. Through engaging discussions and a client story, they explore the importance of auditing your financial health, the role of a financial advisor, and practical strategies for maximizing retirement savings and investment performance. Episode Highlights · 00:00:02 - The episode...
info_outlineOn today's episode of the "The Runway Decade Podcast," hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group are going to talk to David St. Romain. He reflects on how his current work with veterans was a result of a personal journey and a higher calling.
Episode Highlights
§ 01:06: David St. Romain's participated in the TV show "Nashville Star" in 2007, where he finished third and gained national attention.
§ 02:00: David talks about facing a financial setback due to a declined grant for his non-profit organization, which serves military veterans through song writing workshops.
§ 03:32: David St. Romain mentions his previous work in individual song writing with girls who had been trafficked and his involvement in children's advocacy.
§ 04:00: David discusses an operational grant that fell through but mentions upcoming events and another foundation that will provide a small grant to support their operations.
§ 04:32: Bill and Pete, highlights the importance of using music as a tool to cope with pain and trauma.
§ 05:05: David mentions one of his board members who was a veteran they worked with and served alongside him in the National Guard in Louisiana. This connection influenced his involvement in veteran work.
§ 06:00: David shares his background, being born in Alexandria, Louisiana, and living in multiple houses and cities due to his father's job in the car business. His family eventually settled in Florida for six years before he attended Menard, a Catholic school, in Alexandria.
§ 08:28: David talks about his fearless and go-getter attitude, sometimes leading to poor decision-making. He joined the National Guard in 1997, attended college, and then moved to Nashville a few years later while on Individual Ready Reserve status.
§ 09:45: Despite the exposure from "Nashville Star," David still struggled to secure a record deal and faced challenges in promoting his single in 2011. He spent the next few years trying to make ends meet in the music industry.
§ 10:39: David talks about owning five albums, assets, and intellectual properties (IP). He mentions owning his own publishing and the masters of his recordings. He emphasizes the value of his IP and the importance of making the right decisions regarding it.
§ 14:31: The conversation shifts to David's musical influences, ranging from Metallica to R&B and country music. He mentions being influenced by Garth Brooks and the emergence of country music in the late '80s and early '90s.
§ 15:29: David reflects on his wide-ranging musical interests and mentions enjoying singing songs by artists like Chris Stapleton, Metallica, and even Britney Spears.
§ 16:39: The conversation continues with David talking about his talent show experiences in school and how he gained popularity among his peers, particularly the girls. He mentions being in choir and playing outside in school, attracting attention and friendships.
§ 18:39: David discusses his mindset regarding retirement and financial preparation. He mentions owning DSR Entertainment, his music company, and how his non profit organization allows him to retain his publishing and intellectual property rights. While he acknowledges the need for retirement preparation, he is focused on continuing his music career for the next 20 years.
§ 20:53: David shares his plans for writing a book based on his life story called "Hole in Me." He explains that the book will address his personal experiences, including childhood trauma, and serve as a tool for sharing his story and building his speaking career.
§ 24:44: David talks about another influential person, Randy Owen from Alabama, who was a judge on Nashville Star and had a connection to Speaker 4's wife's family.
§ 28:20: David discusses the impact of the COVID-19 pandemic on his music career and the support he received from unexpected sources.
Three Key Points
1. David talks about writing a positive song called "Papaw's Hat" with one of his board members, reframing experiences to create a more positive outcome.
2. David shares a powerful story about writing a song with a homeless veteran in a shelter. The song brought the veteran a sense of resolve and healing, which had a profound impact on him.
3. David mentions two significant mentors in his life: his father and Dan Tyler, who has been his mentor in the music industry since the beginning of his career. He credits Dan for his guidance and involvement in his music journey, including writing songs and publishing.
Tweetable Quotes
§ "From a young age, I knew that music was my passion. It has been a journey filled with memorable performances." - David
§ "During the pandemic, I received support from unexpected sources, reminding me to stay faithful." - David
§ "I had to make the difficult decision to stop playing gigs, but each time I pray about it, the Lord delivers." - David
§ "Grateful for the support and love of my wife and children. They inspire and motivate me every day." - David
Resources Mentioned