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_outlineIn this insightful episode of The Runway Decade Podcast, hosts Bill and Pete delve into understanding your current financial situation as a foundational step towards achieving your future goals. They underscore the importance of awareness in financial planning, examining the significance of knowing where you are before you can determine where you're going. Through a candid discussion, they explore practical strategies for organizing financial documents, assessing financial health, and outlining a path for future financial success.
Episode Highlights:
00:07: The episode kicks off with an introduction to the podcast's central theme focused on the importance of building and maintaining confidence for those who are on the “runway” toward retirement.
00:31: Bill and Pete humorously explore the initial question of "where are you going?" highlighting the crucial first step in any journey, especially in financial planning. This lighthearted banter sets the tone for an episode dedicated to understanding one's current financial position as a precursor to any forward planning.
00:58: The discussion turns to the metaphor of needing to know your current location before embarking toward your destination, paralleling it with the necessity of understanding your present financial circumstance prior to setting future financial goals. This segment emphasizes the foundation of financial advising: Where are you, and where do you need to be?
01:39: The hosts reflect on a personal anecdote about finding "You are here" signs in theme parks, using this as an analogy for navigating through one's financial life. This part is essential for understanding the comparison between physical and financial navigation, reinforcing the episode's theme of situational awareness.
02:30: Hidden complexities in individuals' financial situations are discussed, highlighting the common issue of overlooked or forgotten assets. This part of the conversation emphasizes the importance of thoroughness in gathering financial data to ensure a comprehensive understanding of one's current standing.
03:08: Clarifying the current financial picture is defined as gathering and organizing all relevant financial documents. The hosts underline the initial steps necessary for financial advisors to assist clients in achieving clarity on their financial status, focusing on the importance of simplification and categorization.
03:44: Practical steps towards financial organization are outlined, including the categorization of different financial documents. This instruction provides listeners with actionable advice on beginning their journey toward financial clarity.
04:48: Discussion shifts to the significance of reviewing previous years' tax returns as part of understanding one's financial situation. The conversation delves into how past financial decisions reflect current financial health and potential future strategies.
06:08: The episode introduces a strategic organizer tool, facilitating listeners' financial organization efforts. This segment offers valuable resources to the audience, guiding them in the practical application of the episode's themes.
07:14: Bill and Pete explore the emotional barriers to financial organization and the psychological benefits of overcoming these hurdles. They delve into the human aspect of financial advising, discussing how emotions can impede or facilitate financial planning.
08:03: The importance of self-assessment in financial planning is emphasized, with a nod to Socrates' quote, "To know thyself is the beginning of wisdom." This philosophical reflection underpins the episode's message about the foundational role of self-awareness in financial planning.
09:29: The hosts conclude the episode by recapping the significance of understanding one's current financial situation as the steppingstone to achieving future financial goals. They remind listeners of the resources available for download to assist in the organization process.
Key Takeaways:
- Understanding your current financial situation is paramount before planning for the future.
- Simplification and categorization are essential steps in organizing one's financial landscape.
- Emotional readiness plays a significant role in the process of financial organization and planning.
- Utilizing tools like the strategic organizer can provide clarity and direction in navigating one's financial journey.
Tweetable Quotes:
- "You can't know where you're going until you know where you are." - Bill
- "Organizing your financial life is like finding the 'You are here' sign in life's theme park." - Pete
- "To know thyself in terms of financial health is the beginning of all financial wisdom." - Paraphrase from Socrates by the hosts
Resources Mentioned: