The Growth and Wealth Podcast

Rodney Boswell
  • 5.0 (1)
  • Business
  • Updated Weekly

You built this. You proved you could do it. So why does it feel like you're working harder every year for the same money, never sure if you're building real wealth or just a bigger, more stressful job? The Growth and Wealth Podcast is for business owners who are done with hype, gurus, and vague advice from people who've never done it themselves. Every week, Rodney sits down with operators and strategists who've built and protected serious wealth, then breaks it into straight answers to the questions keeping you up at night: How much should you pay yourself? Where is profit leaking out

Episodes

  1. 3d ago

    Most Asked TAX QUESTIONS On The Internet | TAX EXPERT EXPLAINS

    I pulled the five tax questions small business owners are actually searching for online, and I answer every one of them in plain English with no jargon and no lecture. Nobody sits you down and explains this stuff when you start a business, so most owners end up faking it and hoping for the best. My goal here is to give you the basics done right, plus a better way of thinking about the money moving through your business. Here is what I hope you notice by the end: these were never really tax questions. They were business questions, leadership questions, decision making questions, and once you see them that way you stop reacting in April and start planning in March. Take the Builder's Mirror Assessment to discover your Builder Story and get clear next steps toward the business freedom you want. - https://bit.ly/3RdNRLHLearn more about Rodney Boswell!IHS Group - https://bit.ly/4pCdouJLinkedIn - https://bit.ly/454AktfInstagram - https://bit.ly/4yI42loCHAPTERS00:00 Planning or Panicking: The Tax Season Trap01:49 Question 1: What Can I Actually Deduct?03:35 The $20,000 Equipment Test06:19 Question 2: Can I Deduct My Home Office?08:12 Do Not Let the Deduction Become Your Destination09:05 Question 3: Deduction vs. Credit09:41 The Math: $1,000 Deduction vs. $1,000 Credit13:37 Question 4: Can I Run Personal Expenses Through My Business?15:14 Healthy Businesses Have Healthy Boundaries18:30 Question 5: LLC or S Corporation?21:31 What an S Corp Election Actually Costs You23:57 These Were Business Questions All AlongKEYWORDSsmall business taxestax deductions for small businesswhat can I deduct as a business expenseordinary and necessary expenseshome office deductionhome office deduction rulestax deduction vs tax credittax credit explainedLLC vs S corporationS corp tax electionreasonable compensation S corpbusiness entity structurepersonal expenses through businessbusiness and personal expense separationtax planning for business ownerssmall business tax strategybusiness tax questions answeredenterprise valuecash flow and profitabilitybusiness owner financial literacyworking with a CPAtax advisor for small businessbuilding business wealthentrepreneur tax basicsRodney BoswellGrowth and Wealth podcast

  2. Aug 19

    Building A Business Is Not The Same As Building Wealth | NETTLES BROWN

    A lot of us build a business that only pays us. It looks successful from the outside, but strip away your own labor and there is nothing there worth selling. That is the trap Nettles Brown and I get into in this one. He spent decades watching owners shrink their tax bill every single year, then find out the hard way that the number they reported is the only number a buyer will pay for. We talk about how you actually turn a business into wealth, through retirement plans that keep your best people, insurance that protects what you built, and the habit of saving early instead of waiting for the big payday that may never come. Take the Builder's Mirror Assessment to discover your Builder Story and get clear next steps toward the business freedom you want. - https://bit.ly/3RdNRLH Learn more about Rodney Boswell! IHS Group - https://bit.ly/4pCdouJ LinkedIn - https://bit.ly/454Aktf Instagram - https://bit.ly/4yI42lo CHAPTERS 00:00 The Two Sets of Books Every Business Owner Keeps 01:06 Why This Conversation Matters 03:02 Death and Taxes: The Two Things Nobody Escapes 04:47 When the Scorecard Doesn't Match the Story 08:34 The Walk-In Client Who Changed Nettles' Career 16:14 What Separates Wealth Builders From Income Earners 18:10 Three Days of Firewood: The Sale He Didn't Make 23:08 Building a Business Is Not the Same as Building Wealth 24:50 The Retirement Mistake That Resets You to Zero 27:18 The Simple IRA: Built for the Small Employer 29:41 How the Employer Match Actually Works 32:10 Setting It Up: A Two Page Form and 60 Days Notice 33:57 Maxing Out Contributions and Catch-Up After 50 35:12 Outgrowing the Simple Plan and Moving to a 401(k) 36:42 What Happens to the Money When You Transition 39:31 How Much Life Insurance Do You Actually Need 42:42 Buy-Sell Agreements and Covering Business Debt 44:34 Benefits as a Retention Tool, Not an Expense Line 47:16 The One Thing He'd Tell Every 30 Year Old Owner 49:16 Don't Sweat the Small Stuff 50:31 Why You Can Never Replace a Great Mentor KEYWORDS Growth and Wealth podcast, Rodney Boswell, Nettles Brown, small business wealth building, business valuation, selling your business, tax planning for business owners, reported income vs actual income, financial statements as a scorecard, Simple IRA, Simple IRA employer match, Simple IRA contribution limits, catch-up contributions after 50, 401k conversion, qualified retirement plans, 59.5 early withdrawal penalty, traditional IRA rollover, small business retirement plans, employee retention benefits, employee benefits as investment, life insurance for business owners, how much life insurance do I need, term life vs permanent life insurance, buy-sell agreement, business succession planning, business debt protection, estate planning for small business, CPA financial advisor, tax savings strategies, retirement planning for entrepreneurs, start saving early, compound growth, mentorship in business, legacy planning, financial planning for families

  3. Aug 12

    You're Asking The WRONG QUESTIONS About The Big Beautiful Bill | Tax Expert Explains

    Every time the tax law changes, business owners start asking the same questions. Should I buy equipment? Should I change my entity? Should I hire someone? Rodney says those aren't bad questions, they're just not the first ones. In this episode he walks through four better questions and runs the One Big Beautiful Bill through all of them, covering bonus depreciation, Section 179, the QBI deduction, and the new Trump accounts along the way. By the end you won't just know what changed, you'll know how to think about it. Take the Builder's Mirror Assessment to discover your Builder Story and get clear next steps toward the business freedom you want. - https://bit.ly/3RdNRLH Learn more about Rodney Boswell! IHS Group - https://bit.ly/4pCdouJ LinkedIn - https://bit.ly/454Aktf Instagram - https://bit.ly/4yI42lo CHAPTERS 00:00 The noise around the bill 01:18 Question one: capacity 02:37 A closer look at the equipment decision 07:17 Question two: income or wealth 07:51 Trump accounts and the long game 10:39 Question three: future options 15:50 Question four: both balance sheets 19:17 One last question before you decide KEYWORDS One Big Beautiful Bill Act, OBBBA, 100% bonus depreciation, Section 179 deduction, qualified business income deduction, QBI deduction permanent, Trump accounts, tax planning for business owners, small business tax strategy, business equipment purchase deduction, immediate expensing, S corporation tax deduction, partnership tax planning, sole proprietor tax deduction, business capacity building, two balance sheets, personal balance sheet, business owner wealth building, converting business income to personal wealth, intentional business growth, tax law changes 2025, entity structure decisions, business succession and legacy, financial independence for entrepreneurs, Rodney Boswell, Growth and Wealth podcast, IHS Group, leadership and tax strategy, generational wealth building, tax deductions vs business value

  4. Aug 5

    Your Business Is Not Your Retirement Plan | TOBY BRAZZEL

    If you are a business owner, here is the hard truth: almost all of your wealth is probably locked up in your business, and nowhere else. You have poured years into building something great, but the business ends up owning you instead of the other way around. I sat down with my friend of 35 years, Toby Brazzle, to talk about how you start pulling wealth out of the business and into your own name, so your future does not depend entirely on the doors staying open every day. We get into why owners get stuck here and how to finally break the pattern. My friend, act on just one thing from this episode, and five years from now you may look back on today as the day you stopped building a business that owns you and started building wealth that outlives you. Learn more about Toby Brazzel - https://www.brazzelwealthmgt.com/ Take the Builder's Mirror Assessment to discover your Builder Story and get clear next steps toward the business freedom you want. - https://bit.ly/3RdNRLH CHAPTERS 00:00 The promise: what this episode can put in your pocket 03:03 What the average business owner is leaving on the table 04:24 Why 99 percent of an owner's wealth is trapped in the business 05:20 Why owners avoid investing outside their lane 09:57 The One Big Beautiful Bill: getting paid to start a 401k 15:44 Tax credit vs tax deduction, and why the difference matters 18:25 The Solo 401k for 1099 earners 24:59 The spousal provision: 140,000 to 160,000 a year 25:50 The loan provision: becoming your own bank 27:12 Zero surrender charge life insurance and sub 1 percent loans 28:02 The biggest mistake owners make: not starting 30:15 Protecting your wealth from lawsuits 34:33 Scaling up: traditional 401k, deferred comp, and key man insurance 39:18 The first step for a business owner ready to build wealth 47:05 How to connect with Toby KEYWORDS business owner retirement planning, solo 401k, One Big Beautiful Bill tax credits, small business 401k tax credit, retirement plan tax credit vs deduction, 1099 retirement planning, self-employed retirement plan, spousal 401k contributions, profit sharing contributions, defined contribution plan, Roth solo 401k, pretax vs Roth retirement, catch up contributions, become your own bank, borrow against 401k, cash value life insurance loans, asset protection for business owners, lawsuit protection retirement accounts, deferred compensation, executive compensation, key man life insurance, third party administrator TPA, tax planning for business owners, tax efficient retirement, building personal wealth as a business owner, financial advisor for entrepreneurs, Growth and Wealth podcast, Rodney Boswell, Toby Brazzle, IHS Group

  5. Jul 29

    Owning a Business Is Not the Same As Building One

    You didn't start your business to create another job for yourself, but a lot of us end up there anyway. In this first episode I introduce the Builder's Mirror, the tool I created to help you see exactly where you are in your business right now and what it will take to get where you actually want to go. I'll walk you through the five builder disciplines that come out of it. Along the way we'll cover the financial reports that give you real clarity, the difference between profit and cash, and the weekly rhythm I use to lead my own business instead of react to it. Freedom doesn't come from owning a business, my friend. It comes from intentionally building one. Take the Builder's Mirror Assessment to discover your Builder Story and get clear next steps toward the business freedom you want. - https://bit.ly/3RdNRLH Learn more about Rodney Boswell! IHS Group - https://bit.ly/4pCdouJ LinkedIn - https://bit.ly/454Aktf Instagram - https://bit.ly/4yI42lo CHAPTERS 00:00 Freedom Is Built On Purpose 00:48 Why You Started and How I Got Here 04:59 The Builder's Mirror: Seeing Where You Really Are 07:50 The Five Builder Disciplines 08:12 Build With Clarity: Know Your Numbers 13:16 Build With Structure: Structure Creates Freedom 19:01 Build With Intention: Give Every Dollar a Job 24:18 Build With Consistency: The Weekly CEO Meeting 29:11 Build Yourself: Your Business Grows As You Grow 35:17 Three Questions and Your One Step This Week KEYWORDS Growth and Wealth podcast, Rodney Boswell, business freedom, building a healthy business, five builder disciplines, small business financial clarity, financial literacy for business owners, profit and loss statement explained, balance sheet basics, cash flow statement, profit versus cash flow, business bookkeeping basics, separating personal and business finances, business checking account, business budgeting, cash flow planning, setting aside money for taxes, small business tax planning, weekly CEO meeting, working on your business not in it, business systems and structure, intentional business growth, entrepreneur mindset shift, self-employed to business owner, business owner leadership development, John Maxwell leadership, Maxwell Leadership certified coach, Working Genius facilitator, business advisory team, CPA bookkeeper financial advisor, personal growth is business growth, stop reacting start leading, legacy and generational wealth, self-made business owner, entrepreneurship podcast, accounting for entrepreneurs

  • 5 Episodes

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You built this. You proved you could do it. So why does it feel like you're working harder every year for the same money, never sure if you're building real wealth or just a bigger, more stressful job? The Growth and Wealth Podcast is for business owners who are done with hype, gurus, and vague advice from people who've never done it themselves. Every week, Rodney sits down with operators and strategists who've built and protected serious wealth, then breaks it into straight answers to the questions keeping you up at night: How much should you pay yourself? Where is profit leaking out

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