Live Counterflow

Amanda Neely

Most financial advice was designed for employees with W-2s and a 30-year runway. If you're a business owner or entrepreneur, you've probably already figured out that it wasn't built for you. Live Counterflow is for the ones the standard playbook missed. Hosted by Amanda Neely, CFP® — Bank on Yourself Professional and Profit First Professional — each episode covers the financial principles that actually work for business owners: liquidity before growth, building wealth without requiring perfect timing or heroic discipline, and designing your finances around your real life instead of an idealized version of it. New episodes every Saturday, tied to the Live Counterflow Substack at livecounterflow.substack.com. livecounterflow.substack.com

  1. Sep 5

    Start With One Percent (Episode 19)

    We were a small coffee shop making less than a thousand dollars a day, some days a lot less. Compared to Starbucks, we sucked. That wasn’t a throwaway line. It was actually what we told our team, out loud, at our third anniversary staff dinner. We handed out awards, ate cake, and then Brandon said the thing we’d both been circling for weeks: we’re moving in the right direction, but we’re not where we want to be. So let’s all just focus on one thing: “Suck less tomorrow than we do today.” The rule we landed on was this: if we added 1% to our top-line revenue every week ... maybe by upselling one extra pastry a shift ... the compound effect would grow our revenue significantly over a year. If we cut costs by 1% a month ... maybe just by measuring milk properly for the lattes ... our net profit would come out over 12% higher. It worked. And it wasn’t just Brandon and me chasing that number. Our whole staff got pulled into it, hunting for their own little 1%s on the register or behind the counter. It turned into a game, and it gave people ideas that added up to a lot more than 1%. The number was small on purpose. One percent isn’t impressive. Nobody puts 1% on a vision board. But it worked precisely because it wasn’t a target bolted onto a business that had no room for a bigger one yet. It was a percentage of what was actually happening, not a number we picked off a chart because it sounded ambitious. That’s the piece that carries over to savings, especially if your income moves around ... commission, tips, a business owner’s uneven months. Save a percentage of every check you actually get, not a fixed dollar amount you picked in a good month and now have to defend in a bad one. Start at 1% if that’s what’s true right now. The number matters less than the fact that you started measuring it at all. This is the part that surprises people. If you’re already saving 10% or already maxing out your 401(k), you might be nodding along at the person stuck at 1%, thinking you’ve got this figured out. You’re playing the exact same losing hand, just at the other end of the table. I see this constantly in my own practice. Someone maxes out their 401(k) every single year and feels like they’ve done everything right. Then I run the actual numbers. Max out $23,500 a year for 30 years, growing at a realistic 5% after inflation, and you land around $1.5 million ... in today’s dollars, not fantasy dollars. That sounds like a lot until you ask what it has to produce. To keep the math easy, a $100,000-a-year lifestyle for a 30-year retirement needs about $2.5 million, using the common 4% rule (withdraw 4% a year and your money is supposed to outlast you) ... though retirement researcher Wade Pfau now puts the real odds of that closer to 60-70% in today’s environment, not the near-certainty it’s usually sold as. That’s a roughly million-dollar gap. And it assumes nothing goes wrong across sixty combined years ... no market crash the year before you retire, no long-term care bill, no extra decade because you made it to 95 instead of 85. Things are never that perfect for that long. The beginner’s problem is that 1% feels too small to bother with, so a made-up “should be doing more” number sits there unclaimed. The maxed-out saver’s problem is the mirror image: the IRS contribution ceiling gets treated like a finish line nobody actually drew. Hit the max, check the box, and assume it was chosen for you because it’s the biggest number allowed. It wasn’t chosen for you. It’s just the biggest number the tax code will let you put in that particular bucket this year. Whether it’s the right number for your life is a completely separate question, and most people never ask it, because a rule of thumb answered it for them before they thought to. Whether you’re stuck at 1% because it feels like a flat, unmovable number, or capped at the IRS max because it’s the biggest number allowed, the common human condition is the same: outsourcing your own choice and responsibility to somebody else’s number. The percentage was never the point. Choosing it was. And choosing it again next year, and the year after, as your income changes, your business changes, your family changes ... that’s the whole game, not a chore you finish once and file away. So which one are you: the 1% that feels too small to count, or the max you’ve never actually questioned? Either way, the rule from that staff dinner still holds: “Suck less tomorrow than you do today.” What’s the number in your financial life you never actually chose ... you just inherited it from a rule of thumb? Get full access to Live Counterflow at livecounterflow.substack.com/subscribe

    Start With One Percent (Episode 19)
  2. Aug 29

    Even the Match Is a Bet

    I’m not much of a bettor. As a kid, I made small bets and lost almost every one, until I just stopped making them. I remember losing one and having to walk about a mile over it. Nothing terrible ever came from any bet I lost. I just don’t like giving something up when I have no real control over how it turns out. My dad used to say something that stuck with me: “You’re gambling every time you get in a car.” You have zero control over the other drivers on the road. Somebody in another lane can end your life, and there’s nothing you can do about it beforehand. Morbid, but he’d say it every time someone complained about gambling being reckless. He also used to tell stories about playing poker and winning his way from southern Ohio up to Chicago. He once claimed he won the down payment on a house at a card table. I have no idea how much of that’s true. Small town, one card table, and a storyteller for a father will do that. But the point holds whether the stories are exact or not: his definition of gambling had nothing to do with cards. Something on the line, and no control over the outcome. ... You’ve been making this bet. You may not have known it was one. Have you ever thought about your 401(k) this way ... as a bet, not a savings account? Does it change how you think about it? Comment at https://livecounterflow.substack.com/ (Third in an occasional series about zombie ideas in personal finance ... ideas that were true once, or sound like math, and outlive the world that made them true.) Get full access to Live Counterflow at livecounterflow.substack.com/subscribe

    Even the Match Is a Bet
  3. Jul 25

    The Pipes Were Fine for Eighty Years (Episode 13)

    Our basement flooded last Friday. We’ve lived in this house since 2020. It’s flooded twice before, a few inches each time ... enough to be annoying, not enough to be alarming. This time it was feet, not inches. And it wasn’t just our house. It was the whole street. The pipes that failed don’t run under our foundation. They run under the road, and every house that drains into them found out at the same time we did. Those pipes were laid around 1940 (when most of the houses were originally built). For eighty-some years, the pipes did their job. Then a storm came through that dumped more water, faster, than they were ever sized to carry ... hotter air holds more moisture, and when it lets go, it lets go all at once, in a way nobody designing a drainage system in 1940 had reason to plan for. The pipes did a 1940’s job in a 2026 reality. So far, so good, is the entire logic of underground infrastructure. Nobody thinks about the pipe until the day the whole street finds out at once it can’t keep up. The city is supposedly bringing in the Army Corps of Engineers to help make sure this doesn’t happen again, but what if it didn’t have to happen in the first place? ... The meteorological storms aren’t 1940’s storms anymore. I pray we don’t repeat the same mistakes of that decade politically, economically, and internationally. Practically speaking though, it’s worth checking whether your pipes and your financial “rules” are sized for the future that’s actually coming. Are they even sized for today? What’s a piece of financial advice you were taught that you’ve started to wonder if anyone’s actually checked lately? Tell me which one and perhaps it’ll show up in a future post. Comments are open at https://livecounterflow.substack.com/. Get full access to Live Counterflow at livecounterflow.substack.com/subscribe

    The Pipes Were Fine for Eighty Years (Episode 13)

Ratings & Reviews

5
out of 5
2 Ratings

About

Most financial advice was designed for employees with W-2s and a 30-year runway. If you're a business owner or entrepreneur, you've probably already figured out that it wasn't built for you. Live Counterflow is for the ones the standard playbook missed. Hosted by Amanda Neely, CFP® — Bank on Yourself Professional and Profit First Professional — each episode covers the financial principles that actually work for business owners: liquidity before growth, building wealth without requiring perfect timing or heroic discipline, and designing your finances around your real life instead of an idealized version of it. New episodes every Saturday, tied to the Live Counterflow Substack at livecounterflow.substack.com. livecounterflow.substack.com

You Might Also Like