CFO at Home Vince Carter

Did you know that fear of income taxes and the IRS is so real that there’s an actual physiological name for it? It’s Forosophobia. Tax debt in particular can be a daunting issue, affecting not only your finances but also your peace of mind. On this episode of CFO at Home, Vince talks with Morgan Anderson, a tax resolution expert, about the complexities and solutions surrounding tax debt, from understanding the common causes of tax debt to exploring viable options for resolution. You can learn more about Morgan and her firm, Golden Lion Tax Solutions by going to GoldenLionTaxSolutions.com
Key Takeaways:
Common Causes: Tax debt often stems from unexpected events such as illness, death, inheritance issues, or business setbacks.
Initial Reactions: The most common fear among clients is the possibility of going to jail, exacerbated by the intimidating image of IRS collectors.
Resolution Options: The most common solutions include setting up monthly payment plans and seeking penalty forgiveness for justifiable reasons.
Offer in Compromise: While enticing, this option has strict qualifications and is not suitable for everyone.
Proactive Approach: It's crucial to be proactive in addressing tax debt rather than avoiding it, as early action can prevent further complications.
Vetting Professionals: When seeking professional help, it's essential to verify credentials, ask about experience with similar cases, and listen to your instincts.
Key Links
Website - GoldenLionTaxSolutions.com
Book - Tax Debt Rule #1: There's ALWAYS A Solution
Facebook - Golden Lion Tax Solutions
LinkedIn - Morgan Anderson, EA, NTPI Fellow  
Contact the Host - vince@thecfoathome.com
 

For so many of us, when we think of budgets and managing our money, what immediately comes to mind are things like restriction, sacrifice, or even conflict if money fights and disagreements are what we saw in our households growing up. If you have a partner who you manage money with, this can present challenges whether that person is you or them. But what if there’s another, healthier way of managing your money? That’s the discussion on this episode of CFO at Home with Aqura Nicholson, a money coach who empowers women entrepreneurs to master their money. You can learn more about Aqura by checking out her website AquraNicholson.com or her podcast Women Talk Money on your favorite podcast app.
Key Takeaways:
Understanding your personal financial goals is crucial for effective money management.
A healthy approach to managing money involves spending on what you truly enjoy while still working towards financial goals.
Open financial communication and respect for individual preferences are vital in relationships.
Avoiding extreme financial restrictions can prevent financial burnout and relapse.
Building cash reserves and stabilizing expenses are essential steps before tackling debt payoff
Ways to Contact
Aqura Nicholson
Women Talk Money on Apple Podcasts
Aqura | Money Coach for Small Businesses (@aquranicholson) 
Contact the Host - vince@thecfoathome.com
 

Most of our time on this podcast is spent talking about how to prepare ourselves financially for the future; saving to meet different life goals, investing for retirement, things like that. What we don’t spend nearly as much time discussing are other topics that are just as important; things like finding meaning along the journey, be it through your job or other pursuits, and preparing emotionally for retirement. On this episode of CFO at Home, Vince dives into these topics and more with Michael Kay, Certified Life Coach and the creator of Chapter X, a community for men transitioning to life after their careers. You can learn more about Michael and Chapter X by visiting michaelfkay.com
Key Takeaways:
Understanding your personal values and interests is crucial for a fulfilling retirement.
Men often struggle with identity and purpose after leaving their careers due to societal conditioning to be competitive and independent.
Building interdependent relationships and being open to new experiences can help ease the transition into retirement.
Early emotional preparation for retirement is as important as financial preparation.
Exploring personal interests and hobbies can provide a sense of purpose and satisfaction post-retirement.
Key Links:
michaelfkay.com 
The Feel Rich Project 
Michael F. Kay | Facebook
Contact the Host - vince@thecfoathome.com
 

In his book Not Another Lecture - 20 FinBit$ of Unsolicited Dad Wisdom about Money, Johnny Bohan uses his background as a Certified Financial Planner, college finance professor, and most importantly, a Dad, to share in a humorous way simple, straightforward, tips on how to how to manage money with his readers. Today on CFO a Home, you’ll get a double shot of dad wisdom from Johnny and Vince as they discuss the importance of getting a clear picture of your financial situation, “roboing” your savings, “boring” versus “trendy” investments, and more. You can learn more about Johnny and Not Another Lecture by going to JohnnyPBohan.com
Key Takeaways:
Understanding your assets and liabilities helps you to develop a clear picture of your financial situation  
Automating your savings can help you build financial stability without the need for constant oversight
While trendy investments like cryptocurrency can be enticing, a balanced approach with a focus on long-term, stable investments can provide a more solid foundation
Having a "money buddy" can help you to stay accountable 
Key Links:
Website - johnnypbohan.com
Instagram - Not Another Lecture
Contact the Host - vince@thecfoathome.com
 

In our last episode, Vince discussed conservative politics and the Black community with author, consultant, and entrepreneur Philip Blackett. This week, Philip and Vince wrap up their discussion, this time focusing on the upcoming Presidential election from the perspective of the economy, and the wealth gap between Black Americans and other groups.
Key Takeaways:
Philip believes that conservative economic policies, such as smaller government and lower taxes, can be more beneficial for Black Americans.
Government spending and national debt are critical issues that affect personal finances and future generations.
The COVID-19 relief efforts had mixed results, with some programs being misused or not effectively targeted.
Student loan forgiveness is a controversial topic, with differing views on its fairness and economic impact.
Closing the wealth gap in the Black community requires a focus on education, entrepreneurship, and self-sufficiency.
Key Links:
Website - PhilipBlackett.com
Podcast - The Christian Conservative Capitalist Commentary
Contact the Host - vince@thecfoathome.com
 

This is a podcast about Personal Finance and Money. That being said, occasionally it’s tempting to go a bit off-script. This week’s episode is an example of giving into that urge. In last week's episode, Vince had a conversation with author, consultant, and entrepreneur Philip Blackett on the subject of artificial intelligence, and its potential impact on our jobs and careers. For the next 2 episodes, Philip, a self professed political conservative, and Vince go down a different path; discussing how, as a Christian Black man, Philip came to embrace conservative politics and believe it represents the best political path forward for the Black community, economically and otherwise. The result is a lively but respectful discussion of different viewpoints. If this episode intrigues you, check out Philip’s new podcast, The Christian Conservative Capitalist Commentary on your favorite podcast app.
Key Takeaways:
Philip's journey from liberal to conservative is deeply rooted in his Christian faith and the alignment of his beliefs with the Republican platform.
Voting often reflects personal values and financial priorities, making it essential to evaluate which political platforms align with one's beliefs.
The importance of looking beyond the presidential race to down-ballot candidates who can significantly impact local and national policies.
Key Links
Website - Philip Blackett.com
Podcast - The Christian Conservative Capitalist Commentary
Contact the Host - vince@thecfoathome.com